Please, check our technical outlook for GBPAUD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.922. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.935 level soon. P.S We determine oversold/overbought...
Take a look at our analysis for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.952. The above observations make me that the market will inevitably achieve 0.950 level. P.S The term oversold refers to a condition where an asset has traded...
Looking at the chart of EURUSD 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! ❤️
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy AUDCHF. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! CHF/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 classical trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 187.791 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! GBP/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.097 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 GBP/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GBP/AUD 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 1.939 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103.987. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 106.438 level. P.S Overbought describes a...
Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 77.31. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 72.90...
Please, check our technical outlook for USDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.348. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.351 level soon. P.S We determine oversold/overbought...
Here is our detailed technical review for EURAUD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.648. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.643 level. P.S We...
Take a look at our analysis for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2018.082. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2047.575 level. P.S Please, note that an oversold/overbought...
✅APPLE went down again To retest the horizontal Support level of 180$ But the level is strong So we will be expecting A local bullish rebound Towards the target of 183.61$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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 EURCAD pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
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 sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️
Hello traders, These are important levels of Gold and important channels. Any breaks over or below of the levels makes but/sell opportunities. Don't forget to check news before make decision in order to avoid fluctuations! Specifically FOMC meeting on Wednesday is really important.
US Dollar (USD) strengthens against Canadian Dollar (CAD) to 1.35, mainly due to: Surprise inflation jump in US: January's Producer Price Index (PPI) rose more than expected, suggesting higher inflation. This makes investors think the US Federal Reserve (Fed) might not cut interest rates as soon as they thought. Canadian inflation data coming up: Tuesday's...