CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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CAD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 106.478 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 CAD/JPY pair.
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SELL
AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 96.380 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,383.09
Target Level: 3,336.50
Stop Loss: 3,413.51
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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GBP/JPY BEARISH BIAS RIGHT NOW| SHORT
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GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. 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 195.717 area.
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Gold dips on profit-taking, long-term outlook still bullishGold prices continued to decline this morning as investors locked in profits following the precious metal’s recent rally above $3,400.
In the short term, further downside is possible if profit-taking persists and capital flows shift toward equities, especially as U.S. stock markets hover near record highs. However, gold remains a favored safe-haven asset for the long run amid ongoing global economic and geopolitical uncertainties.
Markets are also turning their focus to the upcoming Federal Reserve policy meeting on July 29–30. While the Fed is expected to hold interest rates steady this time, many investors still anticipate a potential rate cut in September. A low interest rate environment typically supports non-yielding assets like gold.
XAUUSD – healthy correction, ready to bounce from 3,338Gold is retracing within an ascending channel after facing rejection at the FVG zone near 3,402.800. This pullback is seen as a healthy correction, with confluence support around 3,338, which previously acted as a springboard for bullish momentum.
As long as price holds above this zone, a rebound toward 3,402 remains likely.
Primary scenario
Buy zone: 3,338
Target: 3,402
Invalidation: Break below 3,320
Note
Weak volume near the FVG zone may cause short-term consolidation, but the broader trend still favors buyers.
EURUSD – The Comeback is Real! After weeks trapped in a descending channel, EURUSD has broken out in style, launching into a clean bullish channel. Price is now carving a staircase of FVG zones, with momentum clearly favoring the bulls.
What’s fueling the fire?
Flash Manufacturing PMI from Europe beat forecasts
Eurozone consumer confidence improved
Markets pricing in dovish Fed as jobless claims dropped but inflation expectations stall
As long as price stays above 1.1750 and respects the ascending channel, the 1.1850 zone is well within reach.
Strategy: Buy the dips inside the bullish channel. FVGs act as stepping stones for further upside.
GBPAUD – False breakout or the next sharp drop?The GBPAUD pair continues to trade within a well-defined descending channel, with every bullish attempt being firmly rejected by the descending trendline. Recent candlesticks show a clear sell signal right at the FVG resistance zone.
Market-moving news:
Australia’s manufacturing PMI surprised to the upside → strong support for AUD
GBP remains under pressure after dovish comments from the BoE, diminishing hopes of further rate hikes.
If the price fails to break above the 2.0640 zone — creating yet another fake top — a sharp drop toward 2.0400 is highly likely.
Strategy: Look to SELL near the trendline and FVG zone, targeting 2.0400.
USDCHF – The Wind Still Blows South!USDCHF remains trapped below the descending trendline since June. Every bullish attempt has been sharply rejected – showing sellers are still in control.
Fresh U.S. data just released:
Jobless claims dropped → strong labor market → Fed likely to keep rates high → USD gains strength.
Manufacturing PMI beat expectations → resilient economy → more reason for a hawkish Fed.
But don’t forget: CHF is attracting safe-haven flows, adding downward pressure on USD!
If price fails to break above 0.7990 and gets rejected at the trendline, a drop toward 0.7890 is likely.
Strategy: Look to SELL around the trendline – follow the trend, not your emotions!
GBPUSD Rebounds Strongly – Is the Uptrend Ready to Resume?Hello traders!
On the D1 chart, GBPUSD is showing a strong recovery after bouncing off the support zone around 1.33500–1.34500. This rebound happened right at the ascending trendline and the confluence with the EMA, reinforcing the strength of the bullish zone.
The overall bullish structure remains intact. As long as price stays above the trendline, I expect GBPUSD to continue its move toward the resistance area near the recent highs.
My strategy is to look for buying opportunities around the support zone or after a confirmation signal from price action following a minor pullback.
Good luck and happy trading!
Gold sets sights on 3,500 USD – will the rally continue?Hello traders, do you think gold will keep rising?
Today, OANDA:XAUUSD is trading around 3,380 USD after a slight pullback from the 5-week high of 3,438 USD reached on Tuesday. Despite this short-term dip, the overall trend remains bullish, supported by both technical structures and market expectations.
On the news front, the US Dollar Index (DXY) has dropped to 97.4 – its lowest level in weeks. This reflects growing expectations that the Federal Reserve may cut interest rates by the end of the year, as recent data points to slowing inflation and weakening consumer spending. A softer dollar typically strengthens gold’s appeal.
From a technical perspective, the daily chart reveals a clear bullish structure supported by the rising trendline and the EMA34 and EMA89. Price is consolidating just above the trendline, forming a potential bullish continuation pattern. The resistance zone near 3,440 USD is being repeatedly tested – and if gold breaks out with strong volume, the path toward 3,500 USD could open up quickly.
From my perspective, I expect gold to make new highs above this level soon. What’s your take? Drop your thoughts in the comments!
BTC Consolidates Below Key Resistance – Is a Breakout Imminent?Bitcoin is currently consolidating beneath the major psychological resistance near $120,000. The medium-term trend remains bullish, supported by a series of higher highs and higher lows. However, recent candlesticks with long upper wicks reflect hesitation among buyers at elevated levels, pointing to potential exhaustion in short-term momentum.
Despite this, there are no clear signs of bearish divergence or strong reversal patterns. The sideways range between $112,000–$120,000 likely represents a healthy consolidation phase after a strong rally. If the price maintains support around $113,000 and breaks above $120,000 with convincing volume, the next leg higher could follow swiftly.
For now, buyers remain in control, provided BTC holds key structural supports. A breakout confirmation is crucial for bullish continuation.
USDJPY Will Go Lower From Resistance! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 145.971.
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 145.357 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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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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EUR/CHF is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.928 level.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
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The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.917.
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AUDUSD – a rebound from the bottom, ready to break free?After a strong bounce off the ascending trendline, AUDUSD is climbing decisively, clearing out multiple FVG zones on its way toward the key resistance near 0.66300. The bullish structure is intact, and buyers are clearly in control.
News backing the move:
– U.S. S&P Global PMI just came in below expectations, slowing the USD.
– China – Australia’s major trading partner – is signaling fresh stimulus, giving AUD an indirect boost.
If price reaches the 0.66300 zone without strong rejection, this could trigger a breakout that sets the stage for a new rally in August.
Caution: A USD rebound from this week’s data could briefly slow AUDUSD. But for now, the bulls are driving!
GBPJPY – is the end of the range near?After nearly two weeks stuck in the 197.600–200.000 range, GBPJPY has successfully shaken off a bearish fakeout and is now consolidating near the upper FVG zone. The bullish structure remains intact within the rising channel – and this time, the market may not forgive another missed opportunity.
Supporting news:
– UK CPI data released yesterday came in hotter than expected → inflation pressure is back → market expects the BoE to stay hawkish → GBP gains strength.
– Meanwhile, the JPY continues to weaken as the BoJ maintains ultra-low interest rates, setting the stage for this pair to surge.
A breakout above 200.000 could open the door for a push toward the channel top – this could be the ignition point for a major summer rally.
XAUUSD – the final bounce before the fall?Gold has lost its shine — at least for now.
After a relentless climb within the rising channel, price has just “kissed the ceiling” near the strong resistance at 3,447, forming a series of doji candles with long upper wicks — a classic sign of exhaustion. Meanwhile, FVG zones are being filled repeatedly, suggesting that buyers are losing dominance.
But could this final push be a trap?
The familiar script: price dips slightly toward the channel bottom — shaking out weak positions — then breaks straight down to 3,351. This zone once sparked strong rallies, but this time, everything seems to be working against gold.
EURUSD – Recovery losing steam, correction risk is risingAfter rebounding from the trendline support, EURUSD is now approaching the key resistance area around 1.17500 — a zone that has historically triggered multiple rejections. However, with French and German PMI figures coming in below expectations and the ECB holding rates steady without providing any fresh policy guidance, the euro lacks the momentum for a sustained move higher.
On the H4 chart, price action is showing signs of exhaustion as it tests resistance. If buyers fail to break through convincingly, a pullback toward the 1.16800 support zone — or even deeper toward 1.16400 — becomes increasingly likely.
Preferred strategy: Watch for bearish rejection patterns near 1.17500. If confirmed, this could be a favorable opportunity to initiate short positions in anticipation of a correction.
USD/JPY(20250724)Today's AnalysisMarket news:
U.S. President Trump continued to lash out at the Federal Reserve on Tuesday, but seemed to back off from the remaining plan to fire Chairman Powell. "I think he's doing a bad job, but he's going to be out of office soon anyway," Trump said in an exchange with reporters at the White House. "In eight months, he'll be out of office."
Technical analysis:
Today's buying and selling boundaries:
146.60
Support and resistance levels:
147.70
147.29
147.02
146.18
145.92
145.51
Trading strategy:
If the price breaks through 146.60, consider buying in, with the first target price at 147.02
If the price breaks through 146.18, consider selling in, with the first target price at 145.92
TSLA Tesla Options Ahead of EarningsIf you haven`t bought TSLA before the recent rally:
Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 350usd strike price Calls with
an expiration date of 2025-8-15,
for a premium of approximately $14.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
IBM International Business Machines Options Ahead of EarningsIf you haven`t bought IBM before the rally:
Now analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2025-9-19,
for a premium of approximately $17.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.