GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
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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SELL
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 1.759 area.
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$SOXL Inverted Cup and Handlel (SELL NOW!)Grasping chart patterns is essential for market participants. This article explores the inverted cup and handle formation, a bearish signal that suggests potential downward movement.
The inverted cup and handle, also known as an upside-down cup and handle pattern, is a bearish chart pattern that can appear in both uptrends and downtrends. It is the reverse of the traditional bullish cup and handle pattern. The inverted formation consists of two main components: the "cup," an inverted U-shape, and the "handle," a small upward retracement following the cup.
SELL NASDAQ:NVDA AMEX:SOXL NASDAQ:AMD NASDAQ:AVGO NASDAQ:QCOM NASDAQ:MRVL NASDAQ:MU $TXN.
Lets BUY it again WHEN IT'S LOW guys.
Mark my word
GBP/USD: Downtrend Holds Firm, Key Support in SightThe GBP/USD pair is trading around 1.2557, maintaining its downward trajectory as it fails to reclaim the resistance level at 1.2592. The pair continues to face selling pressure, with the prevailing downtrend keeping momentum in favor of the bears.
Immediate focus now shifts to the critical support zone near 1.2500, where some temporary buying interest may emerge. However, a break below this level could pave the way for further declines toward 1.2450, with the broader target potentially at 1.2400.
Any short-term pullbacks into the resistance range of 1.2592–1.2650 are expected to attract renewed selling pressure. The 50-period moving average also reinforces this zone as a significant barrier to any bullish attempts.
With bearish momentum firmly in control, GBP/USD presents opportunities for sellers to capitalize on short positions while monitoring for key breakouts below the 1.2500 support level.
Gold price continues to recoverLast week, gold posted an impressive gain of over $150 per ounce, recovering strongly across all trading sessions. This remarkable performance highlights the unwavering confidence of investors in the precious metal, particularly during times of economic and geopolitical turmoil.
From a personal perspective, gold's upward momentum is expected to remain supported by safe-haven demand as geopolitical tensions continue to escalate. Additionally, the "buy-the-dip" activity during minor corrections has helped sustain gold prices at elevated levels.
In the short term, if gold holds above the critical $2,700/ounce mark, the likelihood of it advancing to $2,800/ounce increases significantly. Moreover, optimistic forecasts suggest that gold could reach $3,000/ounce by next year, despite the challenges posed by a strong US Dollar and rising US bond yields.
Gold continues to solidify its role as a "safe harbor" during uncertain times. With its current upward trajectory, the precious metal remains a highly attractive asset, drawing robust interest from investors across the globe.
EUR/USD: Bearish Opportunities as Resistance HoldsEUR/USD remains under significant bearish pressure, currently trading around 1.0478. The pair's recovery attempts are capped by the key resistance zone at 1.0498–1.0521, providing a potential entry point for short positions.
The current structure favors a continuation of the downtrend. A rejection from the 1.0498–1.0521 zone could signal a move lower, targeting the immediate support at 1.0400. A decisive break below this level would likely accelerate the bearish momentum, pushing the pair toward the next support at 1.0300.
Traders focusing on short positions should consider entries near the resistance zone, with stops placed above 1.0521 to manage risk. Targets could range from 1.0400 in the short term to 1.0300 if selling pressure intensifies.
With the broader trend still bearish, EUR/USD offers a favorable setup for sellers, particularly if resistance levels continue to hold firm.
US30 Will Go Lower From Resistance! Sell!
Take a look at our analysis for US30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 44,614.35.
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 43,793.35 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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EURUSD Will Go Down! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.048.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.033 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 BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,610.856 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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GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Gold Surges Past $2,700 Amid Safe-Haven DemandGlobal gold prices have rallied for the fifth consecutive session, surging by over $170 this week alone, driven by strong safe-haven demand.
By the close of trading on November 22, spot gold soared by $47, settling at $2,716/ounce. This marks the first time in two weeks that gold has climbed above the critical $2,700 level, as safe-haven flows outweighed the pressures of a strong US Dollar and the fading prospects of a Federal Reserve rate cut.
“Geopolitical tensions between Russia and Ukraine seem to be escalating into a Russia-U.S. confrontation. This development is undoubtedly fueling short-term demand for safe-haven assets,” analysts noted.
With mounting uncertainties on the global stage, gold continues to reaffirm its status as a reliable hedge against volatility, making it the standout asset of the week. As investors flock to safety, will gold sustain this momentum and head for new heights? Only time will tell.
NZDUSD Is Very Bearish! Sell!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.582.
Considering the today's price action, probabilities will be high to see a movement to 0.578.
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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SPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 581.52 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SPY pair.
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GOLD Will Move Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,715.97.
Considering the today's price action, probabilities will be high to see a movement to 2,656.74.
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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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 70.22 area.
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NZDUSD Is Nearing 0.58400 Key ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58400 support and resistance area.
Trade safe, Joe.
EURUSD Potential Continuation Of The Bearish MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 area, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.
AUDUSD Is Approaching Key Retrace Area After Trend's BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65050, AUDUSD 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 0.65050 support and resistance zone.
Trade safe, Joe.
GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast
Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast)
Actual Services PMI: 56.0 (Better than 55.2 forecast)
EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar.
GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD.
USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy.
Scenario 2: Both PMIs Worse than Forecast
Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast)
Actual Services PMI: 54.0 (Worse than 55.2 forecast)
EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD.
GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing.
USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY.
The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
US30 Is Going Down! Short!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,873.82.
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 42,150.13 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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GOLD Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,699.516.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,653.450 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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