Pair : NZDJPY ( New Zealand Dollar / Japanese Yen ) Description : Rising Wedge as an Correction in STF Completed " 123 " Impulsive Waves RSI - Divergence SMC - CHoCH Break of Structure Impulse Correction
Please, check our technical outlook for US30. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 34323.36. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33900.62 level. P.S The...
Here is our detailed technical review for BITCOIN. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 30781.75. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 29582.24...
Take a look at our analysis for EURUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.087. The above observations make me that the market will inevitably achieve 1.096 level. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for USDJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 144.370. Taking into consideration the structure & trend analysis, I believe that the market will reach 143.978 level soon. P.S Please, note that an...
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 7H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1894.977 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! NZD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 0.612...
Hello,Friends! We are going short on the USD/JPY with the target of 144.139 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. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the EUR/USD 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 1.086 level. ✅LIKE AND COMMENT MY IDEAS✅
Update for USDCAD. After the test of a key horizontal resistance, on 4H, the price dropped and violated a support line of a rising wedge pattern. It will most likely trigger a further bearish continuation. Goals: 1.318 / 1.315 ❤️Please, support my work with like, thank you!❤️
As anticipated previously the move we had from to 1.15 to 0.96 big figure from 2022 Jan - September (9 months) I also favour another dip lower towards 0.86 big figure. Don’t hesitate to ask. Dm me now!
PLS FOLLOW FOR MORE V_KING_X Introduction: In this trading analysis, we will explore a potential long entry opportunity on the EURUSD currency pair using the 5-minute time frame on TradingView. The analysis aims to provide a comprehensive description of the market conditions and factors influencing the decision to enter a long position on July 5th,...
Considering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.
Hello,Traders! GOLD went up after the Breakout just as I predicted But has now almost reached The horizontal resistance Level of 1937$ from where A local bearish pullback Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
nzdusd 4hour supply trade price grab liquidity from previous high then got rejection at 4hour supply zone
✅GBP_USD broke out of The opening wedge So I am now bullish biased And I think the price Will now go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The interest rate in Australia has remained at 4.10%. Down Under succeeds the US by not making any adjustments. The reaction of the market is therefore special because they bet on the Assie while the Dollar, Pound and Euro have already made it clear that interest rate rises are coming there. An interest rate increase is interesting for a currency because you then...
Hello,Traders! AUD-USD is going up now And the price will soon Hit a local horizontal resistance Of 0.672 from where I will Be expecting a bearish Correction with the target Being the rising support Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!