GBPUSD Is Very Bearish! 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 on a crucial zone of supply 1.239.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.210 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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NQ1! BEARS ARE STRONG HERE|SHORT
Hello, Friends!
NQ1! 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 20,623.50 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CAD/CHF SHORT FROM RESISTANCE
Hello, Friends!
CAD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. 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 0.628 area.
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SOLUSDT Analysis – Potential Bullish Reversal📉 Current Market Structure:
SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout.
📈 Bullish Scenario:
A breakout above the descending trendline could indicate a trend reversal.
If SOL maintains support and breaks above this level, the next key resistance zones to watch are around $295.90 and $332.53.
The red arrow suggests a potential upward move if buyers step in.
⚠️ Key Levels to Watch:
✅ Support Zone: ~$190 - $200
✅ Breakout Confirmation Above: ~$210
✅ First Major Resistance: ~$295
✅ Final Target: ~$330+
🔎 Conclusion:
If SOL successfully breaks above the trendline with strong volume, we might see a bullish move toward the next resistance levels. However, if the support zone fails, further downside may be expected. Keep an eye on price action and confirmation signals before entering a trade!
💬 What are your thoughts on SOL's next move? Drop a comment below! 👇
AUD-CHF Swing Short! Sell!
Hello,Traders!
AUD-CHF keeps growing
In a local uptrend but a
Strong horizontal resistance
Level is ahead at 0.5726
And after the pair hits
It on Monday we will
Be expecting a local
Bearish correction
Sell!
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Check out other forecasts below too!
Gold price analysis February 7⭐️Fundamental Analysis
Gold prices maintained a slight upward trend in today's European trading session, hovering near the all-time high reached earlier. Safe-haven demand for gold continued to increase due to concerns about US-China trade tensions and the negative impact of the Trump administration's hawkish policies.
Meanwhile, the USD struggled as the market bet that the Fed would cut interest rates twice this year. US Treasury yields plunged, further strengthening the appeal of non-yielding gold. Investors are now focused on the US NFP employment report to determine the next trend of the market.
⭐️Technical Analysis
Gold prices continue to head towards all-time highs. The 2873 area has attracted a lot of attention from sellers before the ATH. resistance zone above note around 2898. more predicted downtrend for gold specifically a sharp fall to 2811 or deeper to 2786. pay attention to noted resistance zones for best trading strategy.
EUR_JPY TECHNICAL ANALYSIS|LONG|
✅EUR_JPY is about to retest a key structure level of 155.206
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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TESLA Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for TESLA is below:
The price is coiling around a solid key level - 361.54
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 401.41
My Stop Loss - 337.47
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPNZD Massive Long! BUY!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.1887 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.2015
Safe Stop Loss - 2.1821
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCHF Set To Fall! SELL!
My dear subscribers,
NZDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5148 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5117
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
S&P 500 Daily Chart Analysis For Week of Feb 7, 2025Technical Analysis and Outlook:
During the weekly trading session, the S&P 500 effectively hit critical support levels at 5996 and 5936, respectively. A downtrend presently characterizes the market, as bullish momentum is stalled. Current analyses indicate that this downward trajectory will likely persist, with anticipated retesting of the Mean Support levels of 5996, the possibility of trading at Mean Support 5936, and a significant decline to the Outer Index Dip at 5878. Should this scenario not materialize, the market is favorably positioned for the subsequent phase of the bullish trend, with the test of the newly established resistance level at 6083 and revisiting the previously completed Outer Index Rally level of 6120.
EUR/USD Daily Chart Analysis For Week of Feb 7, 2025Technical Analysis and Outlook:
During the trading session on Monday of the current week, the Euro reached the Key Support level of 1.024 and brushed off the completed outer Currency Dip at 1.020. This movement was followed by a significant rebound, establishing a new Mean Resistance level at 1.040, which is expected to be tested in the forthcoming trading sessions.
Conversely, the prevailing downward movement may prepare the price action for a subsequent decline if the anticipated rebound fails to materialize. This may lead to a revisit of the completed Outer Currency Dip at 1.020, further engaging with the Mean Support level at 1.030 and the Key Support at 1.024, ultimately progressing toward the specified outer Currency Dip target of 1.005.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 7, 2025Technical Analysis and Outlook:
On Monday, during the current week’s trading session, Bitcoin reached the Mean Support level of 91800 and consistently hit the targeted Outer Coin Dip at 96000. This development indicates a likely pullback to retest the Mean Support level of 91800, with the possibility of further decline down to the Outer Coin Dip located at 89000 before a potential resurgence in the bull market.
Conversely, the anticipated pullback does not materialize. In that case, the cryptocurrency may experience upward momentum, retesting the Key Resistance level at 106000 and potentially extending to challenge the completed Outer Coin Rally at 108000 and beyond.
ETHUSD Is Going Up! Long!
Here is our detailed technical review for ETHUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,621.94.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,230.06 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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EURCAD Will Grow! Buy!
Take a look at our analysis for EURCAD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.476.
The above observations make me that the market will inevitably achieve 1.480 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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