CADCHF - BEARISH MOVEHi Traders !
After a huge bearish move,
The CADCHF price broke the support level (0.63597 - 0.63038).
This key level becomes a new resistance level !
So, I predict a bearish move📉
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TARGET: 0.61680🎯
Bearish Patterns
EUR/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/NZD right now from the resistance line above with the target of 1.762 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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NZD/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.619 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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2007-2008 rate cut timeline in multiple instruments2007-2008 rate cut timeline in multiple instruments :
SPX :
RUS2000:
NAS100:
US Wall Street 30 :
DXY :
XAUUSD :
UPDATED EURUSD IDEA.. BEARISH IS VERY STRONG NOW!The ABCD Cypher pattern formed in daily chart is still valid even after a big US Non farm payroll data released. It showed a good formation to start a strong bearish movement anytime soon on the upcoming week.
I will sell EURUSD in every bounce in the next week!
CHEERS!
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area.
Trade safe, Joe.
USOIL Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 69 zone, USOIL broke out an important support and now is a correction phase in which it is approaching the retrace area.
Trade safe, Joe.
EUR/USD 15M Short Trade IdeaI'm watching for a short opportunity on EUR/USD as the market shows signs of weakening around a key resistance zone. Momentum is shifting, and with volatility expected to increase during the New York session, I’m targeting a quick move to the downside. This setup aligns with my strategy for capturing short-term bearish momentum. Let’s see how it plays out!
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31650 zone, GBPUSD 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 1.31650 area.
Trade safe, Joe.
AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook AheadThe chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.
GOLD SHORT FROM RESISTANCE
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,474.891 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 GOLD pair.
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BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues.
On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance.
We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run.
Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some.
Key Takeaway:
Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run.
Embrace Risk: Be prepared for short-term losses to reap long-term rewards.
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CAPE Ratio > Shiller P/E RatioThe Shiller P/E Ratio helps investors understand whether the stock market as a whole is overvalued or undervalued. It is calculated as the current price divided by the average inflation-adjusted earnings per share (EPS) over the past 10 years.
We are currently in one of the most overvalued stock markets, with the Shiller P/E Ratio at 32.61, a level not seen since the late 1990s. During the dot-com rally of tech stocks in the US, the Shiller P/E Ratio reached 44.19. At that time, this high ratio suggested that the market was in a bubble. Are we now in an AI bubble?
GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.768 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 GBP/CAD pair.
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DXY - Head and shoulders
Hello Traders !
After a huge bearish move,
The Dollar index retreated to the resistance level (101.770 - 102.075).
The price formed a head and shoulders pattern.
Currently, The neckline is broken🔥
So, I expect a bearish move📉
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TARGET: 101.000🎯
USD/CHF: Bearish Bias with Key Levels in FocusThe USD/CHF pair is showing a continued bearish outlook, with an expected range around 0.84481. A potential bullish scenario is only likely to emerge if the price breaks above the key resistance level of 0.85341.
⚠️ Key Pivot Level: The daily pivot at 0.85042 is critical, as it may serve as a reversal point for the current upward move. Keep a close eye on this level for any shifts in momentum.
Bearish divergence SP500 weeklyAs you can see there is a bearish divergence between SP500 and both RSI and MACD on the weekly chart.
It may take some time, but normally it doesn't look good for the stock market.
Looked good but...No positions here. Apparently Tesla is forming a bearish flag. I think is going back to the 170 support or even 150. I'm not buying the dip, I'm selling the rallies. We are in a bearish market or a consolidation phase. I have all my longs covered with calls. As soon I get a chance, I'll sell them.
CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 170.800 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 170.800 support and resistance area.
Trade safe, Joe.
USOIL Potential DownsidesHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 72 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 72 support and resistance area.
Trade safe, Joe.
B/C Correction Down To July Highs??? - GUHere I have GBP/USD on the 4Hr Chart!
Friday gave us a STRONG break through this Area that acted as Support getting Price to its High @ 1.32664 but soon after we see price melt!
I suspect we are looking at a Correction Wave where Price gave us a Lower Low (Point A) @ 1.31672 which Broke Structure, followed by a Lower High (Point B) @ 1.32271 Confirming Downtrend. Based on the Fib Extension Tool, we are given a Range Target of 1.30666 - 1.30287 around the High's of July!
Now with Friday's new Lower Low @ 1.31095, I would like to see Price make a Retracement to the once Support-Turned-Resistance Zone for some potential Selling opportunities!
If we take the Fib Retracement Tool from Friday's Low @ 1.31095 to Friday's High @ 1.31998, We see the Fib Entry Zone lands precisely in the Middle of our Resistance Zone!
*Fib Entry Zone -
*Golden Zone -
Indicators:
-DSR curving down & Price Trading Below
-RSI Below 50
-BBTrend showing Bulls losing strength
BTC/USD Bearish Continuation with Head and Shoulders PatternThe BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected.
🔻 Key Pattern Insight:
The Head and Shoulders pattern is a strong indicator of a potential downtrend. With the neckline already broken, the market is likely to maintain its bearish momentum.
📊 RSI Analysis:
The RSI is currently in the oversold zone, indicating a possible temporary exhaustion of selling pressure. However, a confirmed bearish continuation may occur if the RSI moves above the 50 level, offering a better position for a sell entry.
📉 Target Level:
I expect this downtrend to potentially lead to a price target of 54,725, which could act as the next significant support level.
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Additional Insights:
The price is consolidating below the neckline, signaling that bears remain in control. If there's a retest of the neckline as resistance, it may offer another opportunity for short entries.
Be cautious of potential short-term bounces due to the RSI in the oversold zone, but any move below 55,500 could further confirm the bearish sentiment.
GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 1.921 area.
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