Hello,Friends! It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 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✅
Hello,Friends! We are targeting the 80.21 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for NZDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.594. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.591 level. P.S Please,...
Here is our detailed technical review for ETHUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 3267.9. Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon. P.S Overbought describes a period of...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 26.827. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 24.820 level. P.S Overbought...
10 year looks to be heading to 5 or 5.5 %. MACD and RSI showing upward trend on weekly still. Upward fib extension looks to retest previous high or beyond if Fed doesn’t lower rates anytime soon. Looking for CPI prints to see whether Inflation is going back up which may impact 10 year and I believe the market will continue down while 10 year heads upwards so I’m...
After a massive gain looks like Bitcoin can do some retracing - Had made 3 high touches but did not break - Had made 3 low touches but did not break - Lower High in the range SELL now to go down to Support for 5% , then holding to 52000 Consider BUY @ 52000 for a quick gain +14%
Today we're looking at shorting gold, why? Well we spotted two deep liquidity areas, noticed the overall order books where indicating a strong sell and did the opposite of what the news said. However, we still are speculating so keep the risk small and the reward large. Happy profit.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66000 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area. Trade safe, Joe.
A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should...
Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.701. 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...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price broke the 71000 resistance level, which coincided with the resistance zone, and started to trades inside consolidation. In range, the price in a short time declined to the 62600 support level, which coincided with the support zone, and even later made a fake...
Hello,Friends! We are now examining the CHF/JPY 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 167.914 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on NZD/CHF, 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 0.537. ✅LIKE AND COMMENT MY IDEAS✅
Egyptian Pound seems to be stable till the end of 2024 then a potential fallout to be $0.01 which means a $1=100EGP by the first of the year 2025 , unless a US dollar funds could be pushed to the Egyptian economy from the gulf then the fallout for the Egyptian pound will be delayed and will sustain till Mar 2026 , another notice that the falling pivot points...
UC is on the brink of breaking through the support line amid massive divergence. OANDA:USDCAD
✅GBP_CAD went down just As I predicted but is now Going up and will soon Hit a horizontal resistance Level of 1.705 from where I will be expecting a Local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅