Looks like we need to take shorts out before major crash. This idea is an update to my last one, where i said that we could be coming down. Firstly we will go up.
Hello,Friends! It makes sense for us to go long on USD/CAD right now from the support line below with the target of 1.352 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
After the last spectacular run GAS had, it's hard to not keep an eye on it. Not sure how soon this will start to move. What I do know, is that you're unlikely to get a better entry for it than the current level. Buy and hold until I update the targets.
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 1.630 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going long on the EUR/NZD with the target of 1.758 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for SPX500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 4716.60. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4881.09 level. P.S The term oversold refers to a...
Take a look at our analysis for EURAUD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.623. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.634 level soon. P.S Please, note that an oversold/overbought...
Hello,Traders! USD-CHF keeps falling down In a strong downtrend and The pair is locally oversold So I think that after the Retest of the horizontal Support level of 0.8555 We will see a bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
There is a Re-Test In Progress For A Long Position…..Quick Trade And Take Profits Asap
✅USD_CHF is set to retest a Strong support level below at 0.8550 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 0.8650 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! GBP/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.110...
In today's trading session, our primary focus is on EURUSD, where we are actively monitoring a potential buying opportunity around the 1.08900 zone. Presently engaged in an uptrend, EURUSD showcases a sustained upward trajectory. Simultaneously, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.08900...
Please, check our technical outlook for SPX500USD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 4766.8. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4805.8 level. P.S The term oversold refers to a...
Take a look at our analysis for USDCHF. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.864. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.867 level. P.S Overbought describes a period of...
Please, check our technical outlook for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2022.99. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2046.63 level. P.S We determine...
Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 72.70. Taking into consideration the structure & trend analysis, I believe that the market will reach 75.31 level soon. P.S We determine oversold/overbought condition...
Here is our detailed technical review for NAS100USD. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 16756.9. The above observations make me that the market will inevitably achieve 16799.0 level. P.S The term oversold refers to a condition where an...
GBPCAD long setup coming soon. Big daily and 4h support zone! Let me know what you think!