NZDCAD: One More Bearish Forex Pair 🇳🇿🇨🇦
One more CAD pair that looks strongly bearish to me is NZDCAD.
Price action analysis speaks out loud on a daily.
The market was rallying nicely and started to slow down,
approaching a key horizontal resistance.
The price started to consolidate and dropped then violating
multiple horizontal supports and a rising trend line.
With a high probability, the market will drop even lower.
Next support - 0.81
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CHFJPY My Opinion! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 174.67 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 - 173.76
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
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WISH YOU ALL LUCK
Bulls and Bears zone for 05-01-2025S&P 500 is going to have a gap up Open and finally closing gap from early last month.
Also traders could be taking profit after yesterday's big UP move.
Level to watch: 5643 ---5645
Reports to watch:
US : PMI Manufacturing Final 945am
US : ISM Manufacturing Index 1000am
US : Construction Spending 1000am
ETHUSD Will Go Up! Long!
Here is our detailed technical review for ETHUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1,848.90.
The above observations make me that the market will inevitably achieve 2,055.37 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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USDCHF Will Move Lower! Short!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.826.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.815 level soon.
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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EURCAD Is Bearish! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.564.
Considering the today's price action, probabilities will be high to see a movement to 1.543.
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 Very Bullish! Buy!
Here is our detailed technical review for EURAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.772.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.837 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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US30: Local Bullish Bias! Long!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 40,968.4 will confirm the new direction upwards with the target being the next key level of 41,302.5 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
GOLD: Strong Bearish Sentiment! Short!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,224.64 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 3,201.23..Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
SILVER: Bears Are Winning! Short!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 32.154 will confirm the new direction downwards with the target being the next key level of 31.906.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SILVER Is Very Bearish! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 3,304.4.
The above observations make me that the market will inevitably achieve 3,212.0 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.
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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EURUSD: Next Move Is Up! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 1.13298 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
AUD/JPY BEST PLACE TO SELL FROM|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 92.152
Target Level: 91.545
Stop Loss: 92.554
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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GBP/NZD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on GBP/NZD, 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 2.209.
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GBP/AUD SHORT FROM RESISTANCE
Hello, Friends!
GBP/AUD is trending down which is evident 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2.045.
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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USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.13
Target Level: 61.78
Stop Loss: 64.03
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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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