It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
The analysis of the EURUSD 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! ❤️
Hello,Friends! GOLD is making a bullish rebound on the 2H 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 1984.223 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the NZD/CHF 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 0.533 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so USD-CAD 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 1.344. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.865 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! We are targeting the 0.606 level area with our short trade on NZD/USD 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✅
The Euro lost some ground against the Dollar this week again . This happened after the Dollar had been somewhat weakening last week. Why is that? Data from the US showed people spent less money than expected last month. This surprised markets and made the Dollar seem less risky. There are also upcoming data* from the US that could be good for the Dollar. ...
Take a look at our analysis for EURAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.650. The above observations make me that the market will inevitably achieve 1.654 level. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for US30. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 37667.71. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 38367.61 level. P.S We determine...
Take a look at our analysis for GBPNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.080. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.061 level soon. P.S We determine oversold/overbought condition...
Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.863. The above observations make me that the market will inevitably achieve 0.856 level. P.S The term oversold refers to a condition where an asset...
Hello,Traders! USD-JPY is trading in an Uptrend and is now making A local correction, but we are Bullish biased so after the Retest of the horizontal support Level of 149.500 we will Be expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The analysis of the GBPAUD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ 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! ❤️
Hello,Friends! Previous week’s green candle means that for us the AUD/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 97.024. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NZD/JPY 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...
Hello,Friends! We are going short on the AUD/CHF with the target of 0.570 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✅