Hello,Friends! We are going short on the CHF/JPY with the target of 170.508 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✅
Please, check our technical outlook for EURCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.953. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.950 level soon. P.S Please, note that an...
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2032.644. The above observations make me that the market will inevitably achieve 2024.505 level. P.S Overbought describes a period of time where there has been a...
Greetings, dear friends! Yesterday, the GBPUSD experienced a significant corrective decline, currently trading around 1.2666 and having broken free from its previous ascending channel. With the US Dollar (USD) in high demand before a key US event, it's exerting pressure on this primary currency pair, and I'm anticipating a further decline for GBPUSD towards the...
The Japanese Yen (JPY) found it challenging to leverage the uptick from hotter-than-expected domestic consumer inflation seen the previous day, facing a fresh influx of supply on Wednesday amidst the Bank of Japan's (BoJ) policy uncertainty. This scenario, along with a recent surge in risk-on trading sentiment across global stock markets, has been pivotal in...
Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...
The GBP/USD pair has broken away from the recent lows around 1.2620, rallying to 1.2660 at the start of the Asian trading session on Thursday. A renewed demand for the US Dollar (USD) ahead of significant events in the US is putting pressure on the major GBPUSD currency pair. Investors are now eagerly awaiting the release of the US Personal Consumption...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26700 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.26700 support i will be watching a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey lovely traders! The GBP/USD is fluttering around 1.2680 this Wednesday, as the markets eagerly await a fresh impulse from the Federal Reserve, with investors slowly stepping back from high-rate cut bets. This week's spotlight is on the U.S.'s GDP and Personal Consumption Expenditures (PCE) inflation data release. The UK's data front is a bit quiet this week,...
Greetings, dear friends, today's EURUSD is trading around 1.083, but what's the next move? EUR/USD remains stable, hovering close to 1.0850, especially after Tuesday's session, which saw minimal driving forces for the pair due to U.S. Durable Goods Orders in January falling more than expected. Now, all eyes are on the upcoming U.S. Gross Domestic Product (GDP)...
EUR/USD hovers around the 1.0850 mark, showcasing a steady demeanor following Tuesday's lack of significant catalysts to sway the pair in any definitive direction, especially after U.S. Durable Goods Orders in January fell more than expected. The market's gaze is now fixed on the upcoming release of the latest U.S. Gross Domestic Product (GDP) data later...
Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...
#TRU/USDT #Analysis Description --------------------------------------------------------------- + TRU appears poised to break its long-standing trend and move towards its next support level. + I'm identifying a favorable opportunity to enter a short trade. + It's important to note that executing a short trade in a bullish market carries inherent risks,...
✅USD_CAD is approaching a supply level of 1.3615 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just in time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.81 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
If you haven`t bought ETH before the rally: Then in alignment with the analysis derived from the Elliott Waves chart pattern, Ethereum is signaling a potential retracement, with one of the legs down anticipated around $2,700. This correction is depicted in the chart pattern, suggesting a short-term bearish sentiment. However, in the broader market context,...
Hello,Friends! GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. 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...
Hello,Friends! It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 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✅