Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area.
Trade safe, Joe.
Hello,Friends!
It makes sense for us to go short on USD/CHF right now from the resistance line above with the target of 0.879 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✅
Please, check our technical outlook for EURJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 163.399.
The above observations make me that the market will inevitably achieve 162.547 level.
P.S
Overbought describes a period of time where there has...
Take a look at our analysis for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 15945.0.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 15846.2...
- A basic way to understand how BTC legs up are working.
- BTC Shorts go up.
- BTC price just retrace a bit or just slide. ( kind of divergence )
- it means Shorts are growing but running on a slice of butter.
Then :
- SHORTS Rekt.
- BTC makes his next leg up.
- it looks simple but actions and big legs up or down are acting pretty fast and most of the time at...
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 1998.864 level.
✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends!
Previous week’s green candle means that for us the AUD/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 0.653.
✅LIKE AND COMMENT MY IDEAS✅
The weekly chart for Bitcoin shows that the price has failed to hold above the resistance zone and the $38K level, closing below both and indicating potential bearish momentum. A new week has begun with a move down from $37,500, suggesting that the bulls are losing their grip.
The $29,850 level is a significant point of interest; a fall to this support could...
Please, check our technical outlook for US30.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 35373.2.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
✅SILVER went up just as I
Predicted but has now almost
Reached a horizontal resistance
Level of 25.20$ from where
I will be expecting a local
Bearish correction
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for DXY.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 102.839.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102.744 level soon.
P.S
Please, note that an...
We see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones.
We're on the lookout...
With the upcoming interest rate announcement from the RBNZ, NZDUSD traders remain steady and not making any crazy moves yet. The expectation is for the decision to be without any fireworks and to come out neither with a hike, nor a cut. The rate is forecasted to remain at +5.50%. If so, we might not experience huge moves in NZD during the release, unless the press...
As shown in the 4Hr chart (Orange circle), the short signal appear on US100. while it still not on other indices US500 and US30.
Looking at the nice falling momentum on the daily chart (Orange arrow), but the 4Hr momentum is going upside again! This is not comfortable to me!
The daily momentum show that still we need 3 days (White) and $617 (Gray) for the daily...
We are back with some Bitcoin ideas!
We've been experiencing some big pumps for the last couple of months, from approximately 27k to 38k almost non-stop. If you managed to buy around or under 27k, congrats!
So, what to expect next?
To me it looks clear that btc is experiencing some hard times around 38k. We reached that level pretty quickly, but we've been...
Take a look at our analysis for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 149.145.
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 the way...
