Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. USD could be heading for resumption of its down side? A relatively light week again. Let's see. On the flip side, Gbpusd Eurusd should be on my list to go on long Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do...
Technical Analysis and Outlook: The Eurodollar bounced off last week's established Mean Resistance level of 1.089 and reached our specified lower target of the Mean Support level of 1.082. The likelihood of revisiting the Mean Resistance level of 1.089 and reaching the Inner Currency Rally level of 1.091 is slim. On the downside, the currency is prone to hit the...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 104.533. The above observations make me that the market will inevitably achieve 102.945 level. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. P.S Please, note that an oversold/overbought condition can last for...
Hello,Friends! We are going short on the NQ1! with the target of 18019.25 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 NZD/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 0.607 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.356 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. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the BITCOIN pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 68926. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.088 area....
Will BRETT$BRETT Breakout to $0.7? I'm bullish on #BRETT targeting new highs! If a breakout occurs, aim for $0.7. Ensure to place a stop loss around $0.039 to manage your risk-reward ratio effectively. Stay informed and trade smart!
Hi Traders, I hope you all are doing well and navigating the crypto market with your best strategies. This update is for DEGENUSDT. Degen is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin. $0.025 is a key confirmation zone. If the coin breaks this level, there's a high chance it...
✅CAD_JPY is trading in Uptrend and the pair Has formed a bullish triangle Pattern so IF we see a Bullish breakout the we Will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-CAD is going down In a bearish pullback From the horizontal Resistance of 0.9076 And as we are bearish Biased we will be Expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_CAD broke the key Horizontal level around 1.7324 And the breakout is confirmed So after the retest of the New support we will be Expecting a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The Ethereum ETF news came and went this week. It has set up a DOUBLE Spike. As a trader you can often see where traders probably have their stops set. Breaking one of these could trigger a cascade of stops in that direction. This video lays out what to look for in this unique price action situation where INDEX:ETHUSD currently sits!
Hello,Traders! AUD-USD went up to Retest the horizontal Resistance level of 0.6649 From where we will be Expecting a local Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_USD is trading in An uptrend and the pair Made a rebound from the Horizontal support of 1.2700 So we are bullish biased And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-USD is trading in An uptrend and the pair Has formed a bullish Flag pattern so IF we See a bullish breakout Then we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!