GOLD - Price can continue to fall to bottom part of flatHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew inside a rising channel, where it reached $3050 level and then broke it.
After this, price reached resistance line of channel and then made a correction to support line and then made an upward impulse.
Next, price exited from channel and continued to grow to $3430 level and even rose higher, but soon turned around.
Price made a fake breakout of this level and then started ot trades inside a flat, where it fell to bottom part.
Also, it made a gap, and later Gold started to grow to a resistance area, and when it reached this area, it bounced down.
At the moment, I expect that Gold will grow to resistance area and then drop to $3135 bottom part of flat.
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Short
HelenP. I Gold may break support level and continue to move downHi folks today I'm prepared for you Gold analytics. Observing this chart, we can see how the price reached support 2, which coincided with the support zone and tried to break it, but failed and dropped below. Then Gold turned around and made an impulse up, broke firstly 3125 level first and then reached support 1 and broke it too. After this movement, Gold continued to grow and reached the trend line, after which it started to decline inside a triangle pattern, where it first fell below support 1, making a first gap. Next, Gold tried to back up, but failed and dropped to support 2, after which it started to grow. In a short time, XAU rose to support 1, broke it, and some time traded between this level. Not long time ago, it rose to the trend line, which is the resistance line of a triangle as well, and then fell to the resistance zone. So, I expect that XAUUSD will break the support level and then continue to fall, thereby exiting from triangle too. For this case, I set my goal at 3225 points. If you like my analytics you may support me with your like/comment ❤️
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USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 65.62
Target Level: 62.64
Stop Loss: 67.59
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/USD with the target of 1.136 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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NG1! BEST PLACE TO SELL FROM|SHORT
NG1! SIGNAL
Trade Direction: short
Entry Level: 3.786
Target Level: 3.590
Stop Loss: 3.916
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 105.344 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPJPY Is Very Bearish! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 193.470.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 193.034 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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GBPNZD Is Going Down! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.249.
Considering the today's price action, probabilities will be high to see a movement to 2.237.
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.
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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GBPUSD Is Very Bearish! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.355.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.350 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 Will Go Down! Short!
Take a look at our analysis for GBPUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.356.
Considering the today's price action, probabilities will be high to see a movement to 1.346.
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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EURUSD: Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.14200 zone, EURUSD 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 1.14200 support and resistance zone.
Trade safe, Joe.
EURUSD: Short Trade Explained
EURUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry - 1.1398
Stop - 1.1449
Take - 1.1303
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF Buyers In Panic! SELL!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9383 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9351
Recommended Stop Loss - 0.9398
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
NZDUSD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for NZDUSD below:
The instrument tests an important psychological level 0.6040
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5991
Recommended Stop Loss - 0.6069
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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
NZDJPY Under Pressure! SELL!
My dear followers,
This is my opinion on the NZDJPY next move:
The asset is approaching an important pivot point 87.365
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 - 86.678
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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
NZDCHF Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.4965
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.4957
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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
GOLD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 3321.1
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3310.6
My Stop Loss - 3326.3
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
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 Will Go Down From Resistance! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 64.869.
The above observations make me that the market will inevitably achieve 63.448 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.
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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GBPJPY Will Move Lower! Sell!
Here is our detailed technical review for GBPJPY.
Time Frame: 15h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 195.681.
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 193.757 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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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,316.87
Target Level: 3,146.82
Stop Loss: 3,431.23
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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AUD/CHF BEARS ARE GAINING STRENGTH|SHORT
AUD/CHF SIGNAL
Trade Direction: short
Entry Level: 0.535
Target Level: 0.531
Stop Loss: 0.538
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
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/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the NZD/CHF 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 0.493 level.
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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