AUD/USD BEARS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.638 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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SELL
NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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Bearish trend on NZD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.586.
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NZD/CAD SHORT FROM RESISTANCE
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We are going short on the NZD/CAD with the target of 0.818 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Gold breaks through 3,300 – Selling pressure has not stoppedGold price plummeted from 3,325 to 3,237 USD/ounce after the US and China reached a temporary agreement to reduce taxes. The stock market is up, the USD is strong, money flows out of gold. I see selling pressure clearly dominating.
On H1, the price is still below EMA34 and EMA89, recovering weakly around 3,260. H4 confirms the downtrend that has been formed before. If it does not surpass 3,270, I am inclined to believe that gold will continue to fall to 3,200 – 3,180.
USDCAD 1 MIN Chart Sell TrendHello,
I’m like a ghost, I come every so and so. Ready for some free trades?
USDCAD 1 MIN chart is showing a sell trend.
Please use risk management as sometimes they trends keep going up or down until they go with the trade.
I will advise you at the comments below when to close the trades.
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P.S… Should I start a trading community within TradingView? What’s your thoughts?
[XAUUSD] Daily Analaysis 12 - 13 May 2025Continuing my mapping in the previous post, H4 GOLD turned out to be stronger and brought GOLD down to support 3195 - 3238. Of course, today's large decline will be followed by a fairly high correction as well. Anticipate GOLD which will correct to the previous low at 3282.
With the confirmed downtrend pattern, the SELL Area 3262 - 3290 is worthy of our SELL position again.
USOIL Is Going Down! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 63.388.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 57.927 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD Will Go Down! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.125.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.114 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Gold Breaks Support Level – The Downtrend May Not StopAfter peaking at $3,500/ounce in April, gold is in a clear correction phase. On the H4 chart, the price has broken through both the EMA34 and EMA89, indicating that a short-term downtrend has been established. The most recent session closed at $3,223, losing nearly $130 in just a few sessions.
The sharp decline appeared after a long rally and the peak was rejected many times. The break through the EMA89 support has triggered technical selling pressure, reflecting the psychology of profit-taking after failing to surpass the old peak.
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce.
The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
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AUD/CHF is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.520.
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NZD/CHF BEST PLACE TO SELL FROM|SHORT
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NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.483 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/AUD BEARISH BIAS RIGHT NOW| SHORT
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We are targeting the 1.742 level area with our short trade on EUR/AUD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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CAD/CHF SHORT FROM RESISTANCE
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CAD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.581 area.
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US100 BEARS ARE STRONG HERE|SHORT
US100 SIGNAL
Trade Direction: short
Entry Level: 20,075.8
Target Level: 19,221.3
Stop Loss: 20,643.2
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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AUD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the AUD/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.887 level.
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
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EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.890 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USDCAD Is Bearish! Sell!
Please, check our technical outlook for USDCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.393.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.388 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD Is Very Bearish! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.330.
The above observations make me that the market will inevitably achieve 1.314 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.08
Target Level: 55.63
Stop Loss: 64.68
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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CHF/JPY BEARS ARE GAINING STRENGTH|SHORT
CHF/JPY SIGNAL
Trade Direction: short
Entry Level: 174.668
Target Level: 172.727
Stop Loss: 175.944
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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AUD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so AUD-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 90.143.
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GBP/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.841.
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