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...
Hello,Friends! GBP/CAD is making a bullish rebound on the 1D 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 1.692 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! AUD/USD 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...
Hello,Friends! EUR/GBP 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello,Friends! We are going short on the NZD/CHF with the target of 0.538 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✅
Here is our detailed technical review for US30. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 38518.0. Considering the today's price action, probabilities will be high to see a movement to 38348.8. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.076. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.074 level. P.S The term...
Take a look at our analysis for EURCHF. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.950. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.953 level. P.S We determine oversold/overbought condition...
Here is our detailed technical review for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 149.940. Considering the today's price action, probabilities will be high to see a movement to 150.864. P.S The term oversold refers to a condition where an...
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 23.143. Taking into consideration the structure & trend analysis, I believe that the market will reach 22.367 level soon. P.S Please, note that an...
✅NZD_CHF is about to retest a key structure level of 0.5440 Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a...
Hello,Friends! The BB upper band is nearby so GOLD 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 1998.299. ✅LIKE AND COMMENT MY IDEAS✅
✅NZD_USD is going up now But a strong resistance level is ahead at 0.6168 Thus I am expecting a pullback And a move down towards the target at 0.6127 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
The recent price action on the CHFJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! The BB upper band is nearby so EUR-JPY 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 160.556. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the EUR/GBP 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 0.852. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the EUR/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 1.655 level. ✅LIKE AND COMMENT MY IDEAS✅