GBPUSD Technical Analysis! SELL!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3622 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3558
Recommended Stop Loss - 1.3653
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Short
Euro can drop from wedge, breaking support levelHello traders, I want share with you my opinion about Euro. The price previously started a confident upward movement, breaking out from the buyer zone around 1.1075 and forming an upward wedge pattern. As the trend continued, EUR pushed through the support area and traded inside the wedge, showing multiple bounces from the support line. Eventually, the pair reached the resistance line at the top of the wedge and then reversed. After a short correction, it tried to rebound again but failed to create a new high. The market then pulled back into the support area 1.1455 - 1.1410 and is now testing that level once more. Currently, the Euro is trading just above the support area, and we may see a short-term rebound from here. However, given the overall structure, I expect the price to break the support level and exit the wedge pattern to the downside. In my opinion, this breakout will initiate a strong bearish wave, targeting the 1.1250 points, which is where I’ve set my TP 1. Given the pattern structure, recent lower highs, and the weakening bullish momentum, I remain bearish and anticipate further decline once support is broken. Please share this idea with your friends and click Boost 🚀
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EURO - Price can continue to decline inside wedge patternHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago, price tried to grow, but failed and dropped below $1.1220 support level, after which started to grow in channel.
In rising channel, price broke $1.1220 level one more time and then rose to resistance line and then corrected.
Next, Euro rose to $1.1455 level and some time traded inside this level, until it broke it and continued to move up.
Price exited from rising channel and later started to decline inside wedge pattern, where it declined to $1.1455 level.
Recently, price bounced from this level and in a short time rose to resistance line of wedge pattern.
In my mind, Euro can continue to decline to $1.1400 support line of wedge, breaking support level.
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HelenP. I Gold may continue to decline to support levelHi folks today I'm prepared for you Gold analytics. After dropping from the support zone, the price of Gold found temporary support near the trend line and started to rise again. The upward movement was sharp and even created a gap while breaking through the previous support level, which then acted as resistance. For some time, the price hovered around this resistance area but failed to gain enough strength to break higher. Eventually, Gold pulled back to the trend line and began consolidating within a triangle pattern. Inside this structure, it managed to break above the resistance zone again, but this breakout turned out to be false. The price quickly reversed and dropped, breaking through the resistance level and exiting the triangle to the downside. This breakdown also shows that the bullish momentum has weakened significantly. Now, Gold is trading near the trend line again, showing hesitation and a lack of strong bullish continuation. Given this technical behavior, I expect a small rise toward the trend line, followed by a continued drop toward the support level at 3320. That’s the area I’m watching as my current goal. If you like my analytics you may support me with your like/comment ❤️
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EURUSD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1609
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1532
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.360.
Considering the today's price action, probabilities will be high to see a movement to 1.333.
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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EURAUD Is Bearish! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.781.
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 1.759 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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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,612.8
Target Level: 3,572.6
Stop Loss: 3,639.3
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZD/CAD BEARISH BIAS RIGHT NOW| SHORT
NZD/CAD SIGNAL
Trade Direction: short
Entry Level: 0.827
Target Level: 0.818
Stop Loss: 0.832
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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AUD/CAD BEST PLACE TO SELL FROM|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 0.885 level.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CHF-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 177.078.
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RENDER more downside to come?In this chart I present you RENDER.
1 Week timeframe. I expect that price will go lower, in the 0.29$ area by September (impossible to do timing in the market, but I try to give a month though). After that, we should have the spices for another alt run. In my opinion this will apply for many alts. I don't active trade Render now (dont have a short position), but I am prepared with $ to cash in an oppotunity.
Many of you will tell me that I am delusional, but guess that time will tell.
Gold: Breakout and Potential retraceHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 3,340 zone, Gold was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,340 support and resistance area.
Trade safe, Joe.
AUDNZD: Short Trading Opportunity
AUDNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDNZD
Entry - 1.0817
Sl - 1.0831
Tp - 1.0789
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD: Bears Will Push Lower
The analysis of the EURUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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GOLD What Next? SELL!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 3376.9 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 3366.2
Recommended Stop Loss - 3383.0
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EURUSD Is Going Down! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.146.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.143 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!