Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 103.782. The above observations make me that the market will inevitably achieve 102.868 level. P.S Overbought describes a period of time where there has been a...
Take a look at our analysis for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.952. The above observations make me that the market will inevitably achieve 0.950 level. P.S The term oversold refers to a condition where an asset has traded...
EURUSD has switched to bullish structure on the 4 hour chart, price is looking to test and break preavious extreme high which have not been tested in several days indicating that there are sellers willing to protect this level, I will be looking to short once the market has made a clear lower high and a lower low on the 5 min time frame, I am also looking for...
The Pair is forming a H&S Pattern with a bearish divergence. Entry is placed at neckline of H&S as a safe entry. Sentiments also indicate a 95% short.
Hello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone. for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements. This is not a financial advice, this is only my view on distribution type. Same with SPX500/SPY/SP500futures charts. Follow for...
✅GOLD has retested the Broken rising support which Is now a resistance and we Are seeing a bearish reaction So I think that a further Move down will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello everyone, This is a result of about a year of analysis on Bitcoin, and I will explain my take. First and foremost let’s understand the timing of the market - we have several large conduits this week - most importantly the NVIDIA earnings report in just a few hours. This news conduit should be fuel to see volatility enter the bitcoin chart. Bitcoin has...
Hello,Traders! CURDE OIL made a pullback From the horizontal resistance Level of 79$ and then broke The rising support line So we are locally bearish Biased now and we will Be expecting a move down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/USD consolidates Tuesday's gains and trades above 1.2600 in the European session on Wednesday. The pair struggles to gain traction amid a resurgent US Dollar demand as risk sentiment turns sour. The focus now shifts to the Fed Minutes, BoE- and Fed-speak. The Relative Strength Index (RSI) indicator on the 4-hour chart retreated to 50 after rising toward 60...
Hi folks today I'm prepared for you Euro analytics. Some time ago price traded near the resistance level, which coincided with the resistance zone, and later rose to the trend line and then turned around and started to decline. In a short time price declined below the 1.0860 level and a few moments trades below, after which the price backed up to the trend line...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD 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 0.83800 support and resistance area. Trade safe, Joe.
Setting up a short on USDJPY, after a bear trend day market has finally retraced and reached a decent supply a demand zone which based on Price action there are sellers willing to enter the market, I am waiting for price to break previous swing high and tap into liquidity to then go short.
short oportunity , some intraday levels suggest that , trend continuation following confluences
H4 moving average: Against the trend Daily moving Average: With the trend Deep crab pattern on H1 Previous days high with a lot of resistance Quick trade if it doesn't work in 10 hours take either the loss or profit Stop loss at 0.6225
I waited for Tues to play out and make a high. Now that it has been made we are expecting price to continue moving bearish. As we come into the London session we are starting to see signs of that bearish pressure to push it down. We will see if it keeps it up.
Hello,Friends! CHF/JPY 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...
Hello,Friends! GBP/JPY 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 187.791 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! GBP/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.097 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/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅