Hello,Traders!
USD-CAD will soon make
A local bearish pullback
Because it is retesting a
Horizontal resistance
Level of 1.3499 towards
The potential target of 1.3475
Sell!
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✅GOLD has retested a key resistance level of 1953$
And as Gold is already making a bearish pullback
A move down to retest the demand level below at 1935$ is likely
SHORT🔥
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Hello,Friends!
We are targeting the 157.786 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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✅NZD_USD price grew again to retest the resistance of 0.6010
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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Hello,Friends!
The BB lower band is nearby so GBP-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.275.
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NZDJPY reached a key daily horizontal support.
The price nicely respected that and formed a double bottom pattern on an hourly time frame.
I anticipate a pullback from the underlined area at least to 0.88
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Hello,Friends!
EUR/CAD is making a bullish rebound on the 1H 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 1.435 level.
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Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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Here is our detailed technical review 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 105.142.
The above observations make me that the market will inevitably achieve 103.175 level.
P.S
We determine oversold/overbought condition with RSI...
Hello,Traders!
GBP-CAD is falling down
And the pair is locally
Oversold so I think that
We will see a local
Bullish correction from
The support level
Below at 1.655
Buy!
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Hello,Friends!
USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 88.01...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the AUDJPY pair which is likely to be pushed up by the bulls so we will buy!
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✅EUR_GBP will be retesting a resistance level around 0.8700 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Hello,Friends!
Previous week’s green candle means that for us the GOLD 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 1900.176.
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Hello,Friends!
USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.363 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
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Hello,Traders!
USD-CHF is about to retest
The horizontal resistance
Of 0.9108 from where
I think we will see a move down
Sell!
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Hello,Friends!
USD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.870 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 USD/CHF pair.
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