Gold and even more so Silver were very overbought in the Daily & Weekly Timeframes, triggering their sell-offs within an hour of FOMC reducing interest rates.
I was aware that Gold / Silver were very overbought in these higher-time-frames but I was not watching the indicators so I was also caught off-guard as the Gold-price slides very fast.
The Gold-price...
NYSE:PLTR is one of the most popular stocks of the last 2 years , and not for no reason being a high revenue growth stock "16.8% Growth Rate" , My personal problem with the stock lays with the valuation holding a PE Ratio of 201x, and a forward PE Ratio of 172.5x, a 20.1x Price to Books Ratio, and a 32.8x Price to Sales (Revenue) Ratio. an interesting Return...
It looks overbought to me across all of the intraday timeframes.
This is a tight stop loss. Just above the new high.
Risk 0.25% Total Capital as its higher risk but potentially big RR
Sell XAU GBP 1960 to 1962
SL: 1966.10
According to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel.
Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential...
EUR/USD has surged to highs not seen since July 2023. However, such has been the rush to buy since the start of August, it’s now sitting at extremely overbought levels on RSI (14) on the daily.
That should be a worry for late-to-the-party longs considering that outside the early stages of the pandemic, whenever EUR/USD has been this overbought, it’s coincided...
Technical Confluences:
- Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1
- Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone
Fundamental Confluences:
- Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bullish , trading within the rising channel in blue.
Currently, NZDCAD is approaching the upper bound of the channel.
Moreover, the zone marked in red is a massive supply zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell...
An hour into trading of the New Zealand Oceania & Asian session, the week opener, EURUSD is already showing weakness. I see a good short trade here across the Asian session and possibly running into European & New York session.
On the flip-side, there is also weakness in the USD, see my recent chart on USDX. However, I don't see this real weakness playing...
if price showed any sign of rejection or retracement at this level I will be bearish for the rest of the day
I believe price is over bought for the day, we will wait for for confirmation to sell
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, it is also approaching the upper bound of the medium-term channel marked in blue.
🏹 Thus,...
Summary
The analysis reveals an upward trend in the exchange rate. The recent drop was expected due to overbought conditions, with prices now recovering towards the resistance level at 163.25. The Fibonacci analysis indicates significant support levels at 157.35, while resistance is identified at 162.00. Technical indicators suggest that it is too early to place...
Of the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal...
Hello,Traders!
AUD-JPY is trading in an
Uptrend as the Yen keeps
Weakening, but the pair
Will soon hit a massive
Horizontal resistance level
Around 107.983 and as the
Pair is overbought we will
Be expecting a local
Bearish correction
Sell!
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last two analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower, then rejected the lower trendlines and traded higher.
What's next?
USDJPY has been trading within a medium-term rising channel marked in orange. And currently, it...
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to multiple Supply zones
- Price action is close to multiple Resistance Trendlines as well
- Targeting the 50% Fibo retracement for this trade
...
Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book....
OANDA:XAUUSD
Gold has retraced 61.8% from the recent low, and indicators show that gold is overbought and a new peak has formed. During the retracement, gold moved almost in one steep impulse, which usually couldn't be sustained for long and followed by an abrupt decline. All this presents a good opportunity to sell gold with targets around the major demand zone.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCAD has been overall bullish, trading within the rising wedge in red.
At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone.
Moreover, it is retesting a strong resistance zone in blue.
🏹 Thus, the highlighted red circle...
