The analysis of the USDCHF 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! ❤️
krsnaa is looking good now If there is a slight bounce from 600, it looks like it could go to 650 to 690. If it breaks the major level of 600, then it seems that it can go up to 530 comfortably A major fib level of 726 is coming which after breaking it can start an uptrend (which doesn't seem to break in this scenario.) We have tried to give some view on this...
The recent price action on the GOLD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! Previous week’s green candle means that for us the USD/CAD 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 1.351. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the USD/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 0.880 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USOIL 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...
Please, check our technical outlook for US500. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 5122.0. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 4997.2 level. P.S The...
Please, check our technical outlook for NZDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.609. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.611 level. P.S Overbought describes a...
Take a look at our analysis for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2125.722. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2140.229 level. P.S We determine oversold/overbought...
Here is our detailed technical review for NAS100USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 17959.5. Considering the today's price action, probabilities will be high to see a movement to 18481.5. P.S The term oversold refers to a condition where an...
EUR/USD -EUR/USD price have a new demand in lower areas -Price broke 2 LH's -If the price mitigate our demand don't enter without confirmations
Upward wedge formed on the 4hr and 1hr timeframe. Price tested the wedge for the third time....which can result in two things. 1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800 2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish...
With a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair. - Cutting NI tax - Consumer prices slowly coming back down - Energy costs coming down We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries. I...
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 bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are going short on the GOLD with the target of 2055.261 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✅
Hello,Friends! It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.649 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! Previous week’s red candle means that for us the GBP/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.080. ✅LIKE AND COMMENT MY IDEAS✅