Hello,Friends! 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...
Take a look at our analysis for SPX500. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,310.4. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,261.1 level. P.S The term...
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support level, which coincided with the support zone, and soon broke this level, made a retest, and continued to move up. In a short time, EUR rose to a resistance level, which coincided with the resistance zone and even rose higher to the trend line, breaking the resistance level....
Hello,Friends! GOLD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of...
We will see a quick pump towards 70k and a probable steep decline afterwards. Markets need some air and bitcoin needs lower prices for more demand.
Hello,Friends! The BB upper band is nearby so EUR-JPY 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 166.784. ✅LIKE AND COMMENT MY IDEAS✅
The current analysis indicates a Bearish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2360, and it's possible to touch 2369 as well then it'll start the bullish trend. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward till 2330. Key Levels: Bullish Line: 2376, 2397,...
This trade is based on Gold's price trading into a Daily SIBI Unicorn setup. Whilst it isn't premium of the range, there was a CHoCH to the downside on the 4h timeframe, disrespecting a 4h BISI. I am looking to get into a short when price returns to this BISI to be used as an IFVG. Target will be at the swing low, but leaving a runner would be ideal in an actual...
Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.663. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.660 level. P.S Overbought...
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for GBPAUD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.916. Considering the today's price action, probabilities will be high to see a movement to 1.904. P.S Please, note that an oversold/overbought condition can last for a...
Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 156.951. Considering the today's price action, probabilities will be high to see a movement to 155.554. P.S We determine oversold/overbought condition with RSI...
Hello,Friends! We are going short on the EUR/CHF with the target of 0.979 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! AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 0.658...
Here is our detailed technical review for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2,341.407. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,312.735...
Technically this stock has bearish structure on a hourly chart indicating weakness and fall to come in coming days. Fundamentally the recent quarters were extremely bad and it can easily correct to 380 levels. Big people seems to be distributing stocks on a higher levels, whenever demand become weak, the stock can easily correct 5% plus in a single trading...
Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.719. 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...
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