Hello,Friends!
Previous week’s green candle means that for us the NZD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 92.139.
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Since Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection. FX:EURUSD broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the...
The 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis.
Key Resistance and Support Levels:
Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment.
Resistance 2 (R2): $7,384.73...
Indicactors saying JPY Weak as can be heading straight down CCPV indicator.
Short Bursts Aussey opening 1 min if NZD has brought so should they.
70ish and 100 p
Analyzing the daily chart for FTM/USDT provides insights into the current market conditions and potential future movements based on technical indicators and chart patterns.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.5275 - This price level has been tested recently, and it may continue to offer resistance to upward movements.
Resistance 2 (R2):...
Hello,Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.136 level.
✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends!
We are going long on the GBP/NZD with the target of 2.109 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends!
GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going down too. 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 2325.075...
Reviewing the daily chart for RUNE/USDT, let's delve into the technical aspects and signals presented to guide potential trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $6.314 - This level has served as a pivot point recently, and the price is currently approaching it, making it a critical area to watch for either resistance or...
Looking at the daily chart for DOGE/USDT, I'll provide a detailed technical analysis, highlighting the important trends and indicators that may influence trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.17386 - This level has previously acted as both support and resistance, indicating its significance.
Resistance 2 (R2): $0.21158 - A...
Evaluating the daily chart of PEPE/USDT, I can identify several important technical elements and trends that are key to formulating an investment or trading strategy.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.0000946 - This is a significant level where the price recently peaked, indicating potential selling pressure at this price point.
Support 1...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs.
Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement.
Moreover, the...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support.
As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
Pound is dropping down from the premium PD arrays, now we are in the lower part of the channel. I think we will see a short-term bullish up move before the price continues lower again. I skip the up move. No need to go long while I'm in short. Will be interested to short again once the price fills the liquidity void and touches the area of NWOG, BPR and H1 Order...
The fall, the rise and the close. As optically neutral or bias as the mind-set of the trader and investor currently.
Everything looks like fairly factored, the interest rates, the growth, the political outcome, the overseas clues, but the sum of all these are not adding up.
India Vix is rising, but note, it is not a tradable one, so can only infer than handle...
Chat is always one of the best indicators in markets and counter trading them usually ends very well - I'm of the belief our corrective low is in at 56k~ and we're going to new highs off here.
