Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2389.250. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2320.000...
Please, check our technical outlook for DXY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.322. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
EURUSD is currently at the PRZ zone with a bearish divergence. We can expect a short from here. Sentiments are also +91% short.
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 164.885 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/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the US30 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 33337. ✅LIKE AND COMMENT MY IDEAS✅
The price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down. I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the...
Hello again! As you liked the previous analysis and signal, here comes the second one. Please try to be patient and wait for confirmation before entering at the right place. This way, you won't have to place your stop loss far away from the entry point. The most important thing in trading is having a plan and always aiming for the win. However, you should...
Hello Agn, I wanted to let you know that there's an opportunity to enter a short position in EuroJPY. Recently, the Japanese government's banking system made a move in the market, resulting in a sharp downward candle. Considering all the other candles that came afterward in an uptrend, it could be a sign that a downtrend is up ahead (i see all these candles as a...
Hello Agn, I wanted to give you an update on my previous analysis of this pair. Yesterday, we entered into a downtrend as it moved in our favor. Now, it's at the bottom of the triangle and facing a dynamic resistance level. The price has moved about two-thirds of the pattern, and it's about time to start moving in. Make sure to stay focused and only enter with...
Hello Agn, Today the market is moving quickly due to the upcoming data, which has caused most of our previous analysis to be profitable. Remember to save your profits and take them out of the market, as it may take them back just as fast as it gave them to you. It's important not to get caught up in the idea of making big profits quickly. Additionally, here is...
OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
We sold the news this time. Entered a small short. Just under our rule of 1:5 Risk Reward.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36700 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36700 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.09800 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09800 support and resistance area. Trade safe, Joe.
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2323.862. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the AUD/CHF 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 0.599. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NZD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.546 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 NZD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.713 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...