Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.879 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 SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring USDMXN for a selling opportunity around 16.67 zone, USDMXN is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 16.67 support and resistance area. Trade safe, Joe.
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago tried to rise, but failed and started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the 61100 support level, which coincided with the buyer zone. After this, the price made a fake...
Take a look at our analysis for EURUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.086. Considering the today's price action, probabilities will be high to see a movement to 1.085. P.S Please, note that an oversold/overbought condition can last for...
Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 31.547. Taking into consideration the structure & trend analysis, I believe that the market will reach 28.697 level soon. P.S Overbought describes a period of...
Hello,Friends! GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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! EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.627 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 EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the EUR/NZD 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 1.770. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2366.520 level. ✅LIKE AND COMMENT MY IDEAS✅
Heavy looking supply at this price. Looking for equities to have a drop and consolidation before moving higher once more.
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.78600 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.78600 support and resistance area. Trade safe, Joe.
In the current image, BTC stands at the tip of a critical threshold. The price has currently been rejected from the 200-unit exponential moving average in the 4-hour time period. Although attempts have been made 3 times to the falling channel resistance area we are in, there is no strong and significant sign of any breakout. Currently, the target of an Inverse...
Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.270. The above observations make me that the market will inevitably achieve 1.260 level. P.S Please, note that an oversold/overbought condition can...
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,436.365. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,398.658...
Hey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.91000 zone, USDCHF 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 0.91000 support and resistance area. Fundamentally there is a decent between USD and CHF talking...
Hey Traders, above is a technical overview on EURAUD and the most important zones to watch, we are watching EURAUD for a potential selling opportunity from the resistance area of 1.63100, We would also like to consider the current DXY weakness for potential dollar strength, the dollar is indirectly negatively correlated with AUD, when the dollar is weak stocks,...
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37000 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.