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EURUSD Massive Long! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1516 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1554 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Is Gold About to Fall? Strong USD Pressures XAUUSD DownThe gold market is entering a sensitive phase as buying momentum gradually weakens, while the USD strengthens again following a series of positive economic releases . There is a sense of “calm before the storm”, and XAUUSD is now tilting toward a bearish direction. U.S. data shows a clear recovery in the labor market: NFP surged far above expectations , hourly earnings remained stable, and the Fed is expected to maintain a cautious stance. These factors combined have boosted the USD , putting direct pressure on gold. From a technical perspective, XAUUSD keeps getting rejected at the 4,080 resistance zone . A rounding-top pattern is forming, Ichimoku signals are weakening, and each rebound is becoming smaller. The 4,000 support level has been tested repeatedly , suggesting a rising probability of a breakdown. If price fails to break above 4,080, gold may continue pulling back toward 4,000, and could even extend the decline to 3,930, the next major support zone. This remains the most reasonable scenario as both fundamentals and technicals align to the downside.
OANDA:XAUUSDShort
by Paradise_Noir
32
EURUSD is preparing for a major reversal counterattack?There are phases when the market drops so deeply that everyone believes the downtrend is already sealed. Yet right in the quietest moments, buying pressure begins to accumulate the strongest. EURUSD is now sitting precisely at that “compression point”. The latest economic data shows a clearly weakening USD: lower employment, rising unemployment, declining income, and the Fed signaling a softer stance. Meanwhile, Germany’s PMI came in better than expected, strengthening the EUR. -> Combined together: Strong EUR – Weak USD → The bullish trend becomes significantly reinforced. On the chart, EURUSD is forming a bottom around 1.15100 and moving into a highly attractive accumulation zone. The Ichimoku cloud is thinning, and price keeps bouncing from support — signaling an upcoming shift in momentum. The structure suggests a strong likelihood that EURUSD will retest 1.16000 within the next few sessions. The ideal entry zone sits around 1.15100 – 1.15250, targeting 1.15700 and later 1.16000. When fundamentals and technicals align, the bullish move is often very strong and very fast. EURUSD is “waking up” again, and unless unexpected volatility strikes, this breakout could happen sooner than most traders think.
Long
by Paradise_Noir
10
GBPJPY: Weak Yen, Strong GBPGBPJPY is currently in a strong uptrend, thanks to the weakening of the Japanese yen . Japan's policies, especially those related to interest rates and financial plans , have put significant pressure on the yen. This has allowed the British pound (GBP) to maintain its strength, especially as investors shift to higher-yielding assets. The H1 technical chart shows GBPJPY moving within a clear ascending wedge . The price is fluctuating between a solid support level at 205.00 and resistance at 205.80. The EMA indicators support this uptrend, indicating that the price will likely continue to rise as long as it stays above these support levels. With the weakening yen and supportive factors from the chart , GBPJPY could continue to rise to higher levels, particularly 205.80 in the short term. Traders can look for buying opportunities when the price adjusts to near the 205.00 support level, creating a favorable entry point. With the combination of fundamental and technical factors , GBPJPY has the potential to continue maintaining its uptrend. The next resistance level will be 205.80, and if it breaks through, the pair could continue to reach higher targets in the near future.
Long
by Paradise_Noir
11
AUDJPY Technical Analysis! BUY! My dear friends, Please, find my technical outlook for AUDJPY below: The instrument tests an important psychological level 100.72 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 101.32 Recommended Stop Loss - 100.45 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
XAU/USD ANALYSIS 11/21/20251. Fundamental Analysis a) Economics – USD: • The USD is slightly weakening as markets expect the FED to keep rates unchanged and still lean toward rate cuts in the upcoming quarters. • No strong hawkish signals, so the USD is not putting significant pressure on gold this morning. – U.S. Stock Market: • U.S. equities edged higher last night thanks to rate-cut expectations, but the upside momentum is weak as markets await more economic data. • Risk-on sentiment is mildly present, creating slight pressure on gold but nothing major. – FED: • The FED maintains a “data-dependent” stance without introducing new tightening signals. • This provides medium-term support for gold (preventing deep declines). – TRUMP: • The Trump administration prioritizes tax cuts and economic support, increasing expectations of inflation. • Long-term outlook: gold remains supported due to future Fed rate cuts. – Gold ETF – SPDR: • SPDR did not add holdings in the latest session → the gold market is waiting for December data. • No large inflows → confirms a sideways, wait-and-see environment. b) Geopolitics • Middle East tensions have eased in the past 24 hours but are not fully resolved → no major gold volatility. • Markets are watching the upcoming U.S.–EU diplomatic meeting on security issues. c) Market Sentiment • Current sentiment is mild risk-on, not strong. • Risk-seeking investors are returning to equities but still keep a defensive allocation in gold → expectations for gold: sideways to slightly upward, not a strong decline. 2. Technical Analysis – Trend: • GOLD is moving sideways within the 4040 – 4115 range. • RSI shows a mild bearish divergence, but not strong enough to create a downward trend. – Key Levels: • Major resistance: 4096 – 4125 – 4153 • Major support: 4050 – 4029 – 4000 (round number) • Low volume → confirms a “hibernating market” as yesterday’s news was neutral. – Projection for today: • Gold is expected to continue ranging within 4040 – 4125 until a breakout later in the evening. • High probability of retesting 4040–4050 before bouncing upward toward 4125, following the indicated arrow. 3. Yesterday’s Market • GOLD moved within a sideways box pattern, repeatedly touching the top and bottom of the 4040–4100 range. • No significant breakout occurred. • Early top-picking and bottom-fishing trades were all “stop-hunted” both ways. • Low liquidity at the end of the session → confirms the market is waiting for December data. 4. Trading Strategy for Today (Nov 21) 🪙SELL XAUUSD | 4147 - 4145 ⚰️SL: 4153 ⬆️TP1: 4137 ⬆️TP2: 4129 🪙BUY XAUUSD | 4004 - 4006 ⚰️SL: 3998 ⬆️TP1: 4014 ⬆️TP2: 4022
OANDA:XAUUSD
by Signals_100pips
1
Gold Analysis: Buyers vs Sellers Near Critical LevelsHello traders! Let’s take a look at XAUUSD (Gold). XAUUSD is currently trading within a broad corrective structure, moving between a well-defined Resistance Level near $4,100 and a strong Support Level around $4,030. Throughout the recent sessions, Gold has repeatedly reacted to these two key zones, forming clear ranges and turnarounds visible on the chart. Earlier, price created a large Range Phase, followed by a sharp rejection from the upper boundary of the descending Resistance Line, confirming continued selling pressure from higher levels. The repeated “Turned Around” reactions along this trendline show that sellers remain active every time price approaches the upper trend boundary. After breaking below the Seller Zone around $4,100, Gold retraced into the lower structure and entered the Buyer Zone, which aligns with both horizontal support and the ascending Support Line of the current bullish correction. This confluence makes the $4,030–$4,050 region a major demand area. Recently, XAUUSD bounced strongly from the Support Line, but the recovery stalled at the Seller Zone, where price is now showing signs of rejection once again. This confirms the zone as a significant barrier for buyers. A rejection from this level may trigger another downward movement toward the Support Level around $4,030, where buyers previously stepped in aggressively. As long as Gold trades below the descending Resistance Line and the $4,100–$4,110 area, the market retains a bearish-to-neutral tone. Only a clean breakout above this zone would signal a shift toward a stronger bullish phase and open the path to higher resistance levels. As long as XAUUSD remains below the $4,100 Resistance Level, sellers retain the advantage. I expect price to potentially reject the Seller Zone and move back toward the $4,050–$4,030 Support Level. A rejection from resistance sends price down toward $4,030, where buyers may attempt another defense. Break below this level opens the door for deeper correction. Overall, the market currently favors selling pullbacks into resistance, while the Support Line remains the key area for defending bullish structure. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
23
GBPCHF - Bears Waiting at Structure… Trend Shorts Ahead!📉GBPCHF remains overall bearish, trading inside a clean falling channel for months. Every rally has been capped by the upper bound of the channel, making it a strong dynamic resistance level. As price approaches the orange structure zone, which aligns perfectly with the upper boundary of the falling channel, we will be looking for trend-following shorts. This area has rejected price multiple times and continues to act as a major barrier for the bulls. As long as GBPCHF stays below this structure, the bearish trend remains in full control. A rejection from this zone could lead to another move toward the lower bound of the channel. Only a clean break and hold above the orange structure would weaken the bearish outlook. We now watch the reaction… will the bears defend the trend once again? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
1
XAUUSD chart structure (Elliott Wave + SMC + Fib confluence)🔎 Market Structure Overview Your chart is showing a completed 5-wave impulse down finishing at point (5), followed by a corrective A–B–C structure in development. Key points identified on the chart: Wave (1) → (5): Full impulse down. After wave (5), price formed a corrective (A) and is pulling back toward (B). The BOS (Break of Structure) confirms bearish continuation into the B wave. Price has tapped deeply into the 0.786 – 0.9 Fibo retracement, forming a potential B-wave demand zone. 🟦 Demand Zone Your marked zone around: 4,011 – 4,025 Aligns with 0.786 – 0.90 retracement Also meets a trendline touch BOS + liquidity sweep under previous lows This is classic B-wave liquidity grab → setting up for C-wave expansion upward. 📈 Expected Move (Wave C Projection) You’re targeting: -0.272 Fib extension around 4,155 – 4,170 This aligns perfectly with: Typical C-wave extension Prior supply zone above wave (A) Trendline break & retest structure So the next move likely: Bullish Scenario Price holds above 4,011 – 4,025 demand Breaks descending structure Expands upward into C-wave target zone (4,155 – 4,170) This matches your structure. ⚠️ Bearish Invalidations The bullish count fails if: Price closes below 4,000 (invalidates B-wave) Sustained trading under the demand block signals continuation of the impulse down. 📌 Summary Bias: Short-term bullish retracement (C-wave) Key support: 4,011 – 4,025 Upside target: 4,155 – 4,170 Invalidation: Break below 4,000 If you'd like, I can also give: Entry / SL / TP plan Probability breakdown Lower-timeframe refinement (M15/M5) Updated scenario if you share the latest candleXAUUSD chart structure (Elliott Wave + SMC + Fi🔎 Market Structure Overview Your chart is showing a completed 5-wave impulse down finishing at point (5), followed by a corrective A–B–C structure in development. Key points identified on the chart: Wave (1) → (5): Full impulse down. After wave (5), price formed a corrective (A) and is pulling back toward (B). The BOS (Break of Structure) confirms bearish continuation into the B wave. Price has tapped deeply into the 0.786 – 0.9 Fibo retracement, forming a potential B-wave demand zone. 🟦 Demand Zone Your marked zone around: 4,011 – 4,025 Aligns with 0.786 – 0.90 retracement Also meets a trendline touch BOS + liquidity sweep under previous lows This is classic B-wave liquidity grab → setting up for C-wave expansion upward. 📈 Expected Move (Wave C Projection) You’re targeting: -0.272 Fib extension around 4,155 – 4,170 This aligns perfectly with: Typical C-wave extension Prior supply zone above wave (A) Trendline break & retest structure So the next move likely: Bullish Scenario Price holds above 4,011 – 4,025 demand Breaks descending structure Expands upward into C-wave target zone (4,155 – 4,170) This matches your structure. ⚠️ Bearish Invalidations The bullish count fails if: Price closes below 4,000 (invalidates B-wave) Sustained trading under the demand block signals continuation of the impulse down. 📌 Summary Bias: Short-term bullish retracement (C-wave) Key support: 4,011 – 4,025 Upside target: 4,155 – 4,170 Invalidation: Break below 4,000 If you'd like, I can also give: Entry / SL / TP plan Probability breakdown Lower-timeframe refinement (M15/M5) Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDLong
by Winlouh
USDCHF H4 | Potential Bullish Bounce OffMomentum: Bullish The price has already bounced off the buy entry which is swing low support. Buy entry: 0.7892 Swing low support Stop loss: 0.7856 Swing low support Take profit: 0.8007 Pullback resistance 50% Fibonacci retracement High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Long
by Tradu
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT 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 1.403. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURUSD H4 | Bearish Drop OffMomentum: Bearish Price has rejected the sell entry zone, confirming it as pullback resistance. Sell Entry: 1.1603 Pullback resistance Stop Loss: 1.1651 Swing-high resistance Take Profit: 1.1539 Pullback support 61.8% Fibonacci retracement High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Short
by Tradu
USDCHF H4 | Bearish Reversal Off Pullback ResistanceMomentum: Bearish Price is pulling back toward the sell entry, which aligns with the 61.8% Fibonacci retracement. Sell Entry: 0.8043 Pullback resistance 61.8% Fibonacci retracement Stop Loss: 0.81127 Swing-high resistance Take Profit: 0.7944 Pullback support High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Short
by Tradu
AUDUSD H4 | Bearish Reversal Off Key ResistanceMomentum: Bearish Price has rejected the sell entry zone, which aligns with the 38.2% Fibonacci retracement, and is also trading below the Ichimoku cloud, reinforcing bearish pressure. Sell Entry: 0.6513 Strong overlap resistance 38.2% Fibonacci retracement Stop Loss: 0.6539 Pullback resistance 61.8% Fibonacci retracement Take Profit: 0.6447 Multi swing-low support 61.8% Fibonacci projection High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Short
by Tradu
NZDUSD H4 | Bearish Continuation SetupMomentum: Bearish Price is rejecting the sell entry and remains below the Ichimoku Cloud, confirming downside pressure. Sell entry: 0.5647 Pullback rresistance Stop loss: 0.5689 Pullback resistance Take profit: 0.5584 Pullback support 127.2% Fibonacci extension High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Short
by Tradu
Gold is stuck in a wide range, ready for a decisive break.Good evening traders, Brian here with a fresh look at gold on the 2-hour chart. Price is compressing in a broad sideways range, building energy for the next leg – the break from this structure will set the tone for the coming sessions. Fundamental analysis The core driver remains the Fed’s December decision. The market is effectively split on whether we see a cut or a delay: A camp of institutions argues that rising unemployment and softer data could still justify a 25-basis-point cut in December, keeping pressure on the dollar and supporting gold on dips. Others point out that the Fed is short of clean, up-to-date data and may prefer to wait until next year before committing to an easing cycle. As a result, pricing for a December cut is roughly “fifty–fifty” and highly sensitive to the next run of labour-market and activity data. In short: the macro backdrop is undecided, so intraday direction will be driven mainly by levels and liquidity until the next data catalyst hits. Technical analysis On the H2 chart, gold is in a broad consolidation after the recent sell-off: Price is trading inside a descending structure, repeatedly respecting the short-term trendline from the recent high. The Fibonacci retracement of the latest impulse shows the 0.382 level lining up with a prior fair-value gap and horizontal resistance – this forms a key rejection zone overhead. Below price, there is a confluence of support where the rising trendline meets a small bullish FVG around 4027–4029, followed by a more important horizontal support band near 3998. The volume profile highlights a Value Area High (VAH) around 4075–4080, which is likely to act as a reaction zone if price rotates back into it. Until we break convincingly out of this structure, I treat it as a large accumulation range with a slight downside bias: sellers are still defending lower highs, but buyers are stepping in aggressively at trendline support. Key levels Resistance zones: 4080–4085 (VAH / short-term supply) 4135–4145 (Fibonacci 0.382 + FVG + structural resistance) Support zones: 4027–4029 (trendline + FVG confluence buy area) 3995–4000 (important horizontal support) 3940 region (deeper support if the range finally breaks down) Trade scenarios 1. Primary long – buy the trendline/FVG confluence Entry: 4027–4029 Stop: 4023 Targets: 4035 – 4050 – 4068 – 4080 Idea: look for price to react at the rising trendline where it overlaps with the small FVG. A clean rejection candle or shift in intraday order flow from that zone sets up a rotation back towards the VAH and potentially the upper boundary of the range. 2. Break-and-retest short – if the trendline fails Trigger: clear H1/H2 close below the rising trendline and the 4027 area Plan: wait for price to retest the underside of the broken trendline / prior support Entry: on rejection of that retest Initial targets: 4000, then 3940 if momentum accelerates This scenario treats any breakdown as a structural shift, using the retest as a lower-risk point to join the move rather than chasing the first leg. 3. Intraday scalp zones These are discretionary, short-term opportunities for active traders: Reaction sells: around 4085, and higher up if we spike into the 4135–4145 resistance band. Look for exhaustion or rejection patterns back into the range (potential targets 4060 then 4033). Reaction buys: into 3998–4000 if we see a liquidity sweep below the current range, with tight stops and quick profit-taking back towards the mid-range.
OANDA:XAUUSDLong
by BrianLionCapital
1
GOLD Will Go Lower From Resistance! Sell! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 4,030.36. The above observations make me that the market will inevitably achieve 4,000.32 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAUUSDShort
by SignalProvider
1
USDCHF Will Go Lower! Short! Here is our detailed technical review for USDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.804. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.798 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1