Hello,Friends! NZD/USD 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...
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...
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...
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...
After the price breaks the multiple structure, then the 150,500 area becomes an important level. Currently the price is just trying to return towards the 0.786 Fib area. after that the price will retest the price level around 150,500 - 150,700. Once the price reaches this area, further confirmation is needed for bearish action.
We have to wait, if the resistance zone of 35000 is broken, Bitcoin can reach the range of $28,000 in the next 45-50 days, which is an exceptional opportunity to buy.
Hey Traders, in tomorrow's trading session we are monitoring USDCHF for a selling opportunity around 0.88400 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88400 support and resistance area. Trade safe, Joe.
Take a look at our analysis for DXY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 103.668. 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...
✅GBP_USD is already making A pullback from the horizontal Resistance level of 1.2561 And I think that we will see A further local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in the coming week we are monitoring DXY for a selling opportunity around 103.600 zone, DXY 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 103.600 support and resistance area. Trade safe, Joe.
SOL/USDT shows a recent re-test of the middle line of the Bollinger Bands. As we see, we had a nice push from there, but there is potential for another re-test of that same middle line. We also see that the RSI's yellow line is still in the overbought zone, suggesting that the price could potentially decline as it did the last time it was in this condition,...
Hello,Friends! GOLD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello,Friends! AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. 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 0.651...
Here is our detailed technical review for GBPCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.110. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.105 level soon. P.S Please, note that an...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 76.20. Considering the today's price action, probabilities will be high to see a movement to 72.68. P.S We determine oversold/overbought condition with RSI...
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 150.100 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 150.100 support and resistance area. Trade safe, Joe.
Hello,Friends! NZD/USD is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.601 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on GBP/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.247. ✅LIKE AND COMMENT MY IDEAS✅