Take a look at our analysis for USDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.908. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.905 level. P.S The term...
Here is our detailed technical review for AUDUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.667. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.666 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.752. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.081 level soon. P.S Overbought describes a period of...
Hello,Friends! We are targeting the 1.376 level area with our long trade on USD/CAD 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. ✅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 1.362 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! AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H 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 100.034...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SPY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
The analysis of the GOLD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️
Looking at the chart of AUDJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! GOLD is making a bullish rebound on the 6H 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 2353.825 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so GBP-USD 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 1.254. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on USD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 152.233. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.075 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 EUR/USD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the CHF/JPY 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 171.852 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! BITCOIN pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 62834 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! We are targeting the 92.844 level area with our short trade on NZD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GBPNZD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.071. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.076 level. P.S We determine...