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.
Hello,Friends! Previous week’s green candle means that for us the NZD/JPY 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 92.139. ✅LIKE AND COMMENT MY IDEAS✅
just waiting for GU to break it on down. We are now coming to a area of resistance. if it can hold i am expecting it to drop from here and i can get a nice scalp to close out the week.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 5187.64. The above observations make me that the market will inevitably achieve 5061.15 level. P.S Please, note that an oversold/overbought condition can...
Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.478. The above observations make me that the market will inevitably achieve 1.474 level. P.S We determine oversold/overbought condition with RSI...
Hello,Friends! Previous week’s green candle means that for us the NZD/USD 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 0.583. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.245 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 GBP/USD pair. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.223 level. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.079. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.076 level soon. P.S Overbought describes a period of...
- 3 Failed tests on 4h timeframe - Price breakdown (hourly bear flag) - Price targets: 5226.75, 5153.75, trailing stop - Stop Loss: 5350 (break into ATHs)
- Strong rejection of a key level - Bearish structure formed at top of range - Possible exhausted bull run?
Here is our detailed technical review for USDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.907. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.900 level. P.S We...
Weekly Chart, so this May take a while. but it will be worth it! Short, at $255ish, Cover $219 or Lower. Juice with some PUTS, Lemon, ice gently Shaken, not Stirred yippee Ki-yay... Hombres A planet of playthings, we dance on the strings of powers we cannot perceive
Here is our detailed technical review for CADCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.660. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.656 level soon. P.S Overbought describes a period of...
Hello,Friends! We are going short on the CAD/JPY with the target of 112.379 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✅
Hello,Friends! NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 0.540 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Here is our detailed technical review for SILVER. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.564. Taking into consideration the structure & trend analysis, I believe that the market will reach 27.047 level soon. P.S The term oversold refers to a...