Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD 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 0.61400 support and resistance area. Trade safe, Joe.
As we monitor the price action we are looking for a break in the current structure before getting active with a direction. We have no GBP news this week. Only USD news to push the narrative.
German DAX Analysis Taking another look at the German benchmark index, the DAX XETR:DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B). This scenario will be invalidated...
Weekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch Daily: Consolidation, Inverse...
Good morning friends, Been taking a look into a lot of charts on the 3M lately. Keeping my views. Trade thirsty!
Hi folks today I'm prepared for you Gold analytics. Some days ago price broke the resistance level, which coincided with the resistance zone and rose to the trend line, but soon it turned around and in a short time declined back, breaking the 2040 level again. In a short time later, Gold rose to the resistance zone and then continued to decline to the support...
Hello,Friends! We are going short on the GBP/JPY with the target of 189.951 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! We are now examining the EUR/CHF 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 0.947 level. ✅LIKE AND COMMENT MY IDEAS✅
broken trend line broke support now resistance supply area respected great risk to reward setup.
Hello,Friends! Previous week’s green candle means that for us the GBP/AUD 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 1.928. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 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/NZD pair. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 103.794. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.271...
Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 77.46. Considering the today's price action, probabilities will be high to see a movement to 73.86. P.S Overbought describes a period of time where there has...
Now that it is Tues day I'm waiting to see where price will stall out at and turn around. There is not much strength pushing price bullish and we have USD News for NY session coming up. Monitoring for signs that the bears want to take control and push price down. But also trying to remain aware incase anything happens to change my bias.
BYBIT:ALTUSDT.P Altusdt looks extremely healthy today, so I'll take on the continuation of the trend. let's see if we can pick this one up. I'm trading on the 15m timeframe here. thanks guys!
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08900 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching a key level of 1.08900 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83350 support and resistance area. the New Zealand economy is heavily reliant on its agricultural exports, particularly dairy products,...