USDCHF Is Very Bearish! Sell!
Please, check our technical outlook for USDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.883.
Considering the today's price action, probabilities will be high to see a movement to 0.865.
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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Signals
GBPJPY Is Going Up! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 194.512.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 196.392 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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CADJPY Will Fall! Short!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 105.385.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 101.727 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Lingrid | GBPCAD anticipating REBOUND from KEY Resistance ZoneFX:GBPCAD market bounced off the support level and is moving toward the key level of 1.8500. Overall, the price is creating lower lows and lower closes on the 1H timeframe showing bearish trend. I think that if the price forms a false breakout above the previous day's high and the psychological level at 1.8500, there is a good chance the market will continue lower. Additionally, the channel border and upward trendline create a solid confluence zone for shorting the market if a signal presents itself. I expect the price to keep pushing lower unless it breaks above the channel. My goal is to support zone around 1.83810
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Lingrid | ARBUSDT pullback TRADE. Potential SHORT OpportunityBINANCE:ARBUSDT market tested the support level before rolling back toward the psychological level of 0.400, appearing to form an ABC pullback that typically precedes a retracement. With the market moving above last week's high, I anticipate a potential price drop after it grabs liquidity above that point. A comparison of the current bullish pullback with the stronger bearish moves on the left suggests the bears are more dominant than the bulls. If the market fails to break through the channel border, trendline, and resistance at 0.420, we can expect a downward movement to lower levels. My goal is support zone around 0.3500
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90-91K Short setup updateMorning folks,
So, today we need just 1H chart as not many events happened. In a recent two weeks people start making upside revisions on BTC price, based on recent JPow comments on QT contraction.
We agree that it has some reasons and supportive to BTC, but they forget that GDP forecast was cut, while inflation increased, which points on stagflation signs.
This is the reason why we do not want to overestimate the positive effect of QT contraction. We still think that BTC could show the pullback to ~70K area.
Now we have three different patterns that point on this level. Since our last update we've got the flag consolidation, that suggests upside continuation. AB-CD based pattern also point on 90-91K area.
So, we still keep our idea to consider shorts around 90-91K area
Lingrid | GOLD price SQUEEZE Signals a Surge AheadOANDA:XAUUSD market has formed a triangle pattern, which is a continuation pattern, and it appears likely to break through the downward trendline. On the 4H timeframe, the price has created long-tailed bars, suggesting bullish pressure that could lead to a retest of the all-time high level. Since the price bounced off the 3000 level twice, I think the market will move higher if it breaks and closes above the triangle pattern, setting up a classic contraction continuation scenario. My goal is resistance zone around 3038
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GOLD holds above $3,000, aiming for weekly targetOANDA:XAUUSD continues to recover and maintain an upward trend, as uncertainty over the Trump administration's tariff policy has boosted safe-haven demand. Meanwhile, the market is focusing on US inflation data due this week to further determine the path of interest rates.
Tariff and inflation concerns have fueled safe-haven buying, with gold up more than 15% this year
US President Donald Trump said on Monday that tariffs on imported cars were coming, but hinted that not all of the threatened tariffs would take effect on April 2 and that some countries could be exempted.
This is sure to raise concerns that if the tariffs are officially implemented, they could push up inflation and stifle economic growth, so investment flows in the market have shifted to traditional safe-haven assets such as gold for allocation.
Gold has always been considered a hedge against inflation and macroeconomic instability. Since the beginning of the year, the price of gold has increased by more than 15% and reached an all-time high of $ 3,057.21 / ounce on March 20.
Market Focuses on PCE Inflation Data, Fed Maintains Dovish Expectations
The market is now paying attention to the US Personal Consumption Expenditures (PCE) price index, which will be released on Friday. This index is considered the core data for the Federal Reserve to assess inflation trends and may provide further material for assessing the path of interest rate cuts this year.
If the PCE inflation index does not show any unusual changes, it will further strengthen the Fed's dovish stance and continue to push gold prices up. More detailed assessments will be sent to readers in later publications.
Last week, the Federal Reserve kept its benchmark interest rate unchanged but signaled it could start cutting rates later this year. Since gold does not yield interest, it is often more attractive in a low-interest-rate environment.
Technical Outlook Analysis OANDA:XAUUSD
Gold continues to rally since receiving support from the $3,000 raw price level, which was a key support noted by readers in previous issues.
The current position above the 0.50% Fibonacci extension level is a positive signal for gold to target the initial upside target in the weekly issue at $3,051 in the short term, more likely an all-time high.
The relative strength index (RSI) is also bent upwards, which should be considered a corrective signal due to the weakening/ending profit-taking momentum.
Going forward, the technical structure remains unchanged with the daily chart dominated by the bullish trend with the price channel as the main trend and the EMA21 as the main support.
As long as gold remains above the EMA21, it still has a bullish outlook in the medium term, along with that, the notable positions for this trading day will be listed as follows.
Support: 3,021 – 3,000 USD
Resistance: 3,051 – 3,057 USD
SELL XAUUSD PRICE 3062 - 3060⚡️
↠↠ Stoploss 3066
→Take Profit 1 3054
↨
→Take Profit 2 3048
BUY XAUUSD PRICE 2989 - 2991⚡️
↠↠ Stoploss 2985
→Take Profit 1 2997
↨
→Take Profit 2 3003
World gold prices rise again due to demand for safe assetsGold prices rose again on Friday, boosted by demand for safe-haven assets amid uncertainty over US President Donald Trump’s plans to impose tariffs next week, which could fuel inflation, prompting many investors to turn to gold as a hedge against inflation.
Gold futures rose 0.5% to $3,029.30. "Investors are concerned about the global situation, especially U.S. policies," said Jeffrey Christian, managing partner at CPM Group. "They are buying gold as an alternative asset because they fear the U.S. government could push the global economy into recession."
Amid geopolitical tensions, Ukrainian and U.S. negotiators are scheduled to meet in Saudi Arabia on Tuesday, following discussions between Russia and the U.S. on a proposal for a temporary ceasefire in the Black Sea. Washington hopes this will pave the way for broader peace talks.
Gold is widely seen as a hedge against geopolitical and economic uncertainty. It has risen more than 15% this year, hitting a record $3,057.21 an ounce on March 20.
President Trump said not all of the threatened tariffs would be implemented from April 2, and some countries could be exempted. The US government is considering a two-phase tariff schedule next week, according to the Financial Times. Trump's tax policies are expected to put pressure on economic growth, escalate trade tensions and push up inflation.
USD-CHF Local Short Form Resistance! Sell!
Hello,Traders!
USD-CHF is trading in a
Kind of range consolidating
For a next big move but
Right now we can use the
Moment to trade the local
Range and to short the pair
From the horizontal resistance
Of 0.8855
Sell!
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SPY WILL FALL|SHORT|
✅SPY has hit a key structure level of 577.50$
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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BITCOIN Wait For Breakout! Sell!
Hello,Traders!
BITCOIN is trading below
The horizontal resistance
Of 92,000$ and has formed
A bearish wedge pattern so
We are bearish biased and
IF we see a bearish breakout
From the wedge we can
Be expecting a further move down
Sell!
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USOIL SHORT FROM RESISTANCE|
✅CRUDE OIL has hit a TP
Of our last free signal and
Went further up just as we
Predicted but will soon hit
A horizontal resistance level
Of 70.57$ from where we will
Be expecting a local bearish
Correction and a move down
SHORT🔥
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USDJPY 18K PROFIT LIVE TRADE AND BREAK DOWNUSD/JPY rebounds toward 150.50 on risk recovery
USD/JPY is bouncing back toward 150.50 in Wednesday's Asian session. The pair reverses US President Trump's fresh tariff threats and hawkish BoJ commentary-led drop, tracking the rebound in risk sentiment and the US Dollar. All eyes stay on US tariffs, data and Fedspeak.
CAD-CHF Free Signal! Sell!
Hello,Traders!
CAD-CHF has made some
Gains from the recent lows
Just as we expected but now
The pair is entering the
Horizontal resistance area
Around 0.6212 from where
We can enter a short trade
With the Take Profit of 0.6162
And the Stop Loss of 0.6233
Buy!
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