Hello,Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 108.711 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! AUD/CHF is making a bullish rebound on the 3H 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 0.580 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.540 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✅
Take a look at our analysis for GBPCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.725. The above observations make me that the market will inevitably achieve 1.720 level. P.S Overbought describes a period of time where there has been a...
Greetings, everyone! Today, the USDJPY pair extends its recovery streak, oscillating around 147.67, buoyed by a resurgence in the US Dollar from last night's momentum. A new support level has emerged around the 146.75 mark. The Japanese Yen (JPY) struggles to capitalize on the day's modest gains, marking its third consecutive day of decline. Thus, we remain...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance area. Trade safe, Joe.
Hello dear friends, the EURUSD pair has begun to recover from yesterday's decline. It's currently oscillating around the 1.093 level and remains robust within its uptrend channel. The ECB has clarified its intention to maintain stringent policy measures for as long as necessary to achieve its inflation targets. Optimism surrounding the ECB's stance could lend...
Price is not clear. so i have been sitting on my hands for the most part this week. Waiting for clear signs that price wants to take a direction. It is remaining within value for the most part and not giving any indication that it is ready to break to either side. All we can do is watch and wait.
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 18130 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18130 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD was trading in an uptrend and now seems to be attempting to break it out. if we get further dips below the support we will look for a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD For a selling opportunity around 1.27900 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2171 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2171 support and resistance area. Trade safe, Joe.
Gold, after breaking all of its key resistances, has turned all resistances into a very strong support! ✨ We still expect a correction from it until the support range at 2090. Today, it might create a good selling opportunity with a sharp move upwards, meaning 2140. 💰 Sell zone: 2136 - 2140 - 2148 Targets: 2120 - 2100 - 2090
📊Analysis by AhmadArz: 🔍Entry: 99.41 🛑Stop Loss: 104.15 🎯Take Profit: 94.97 - 91.39 - 87.95 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Hello,Friends! We are targeting the 0.650 level area with our short trade on CAD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Technically we see an M Formation on Tesla. The price broke below the neckline and the price is both below the 20MA and the 200MA. The nature of this analysis is HIGH probability. We, can set the first target to $100 and then next to $80. And if it breaks further we are talking $60.... But let's see. There is fire in the EV space. With crashes, glitches,...
Hello,Friends! EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. 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 160.846...
Hello,Friends! EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.771 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...