Hello,Friends! AUD/CHF is making a bullish rebound on the 1D 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 0.571 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so AUD-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.674. ✅LIKE AND COMMENT MY IDEAS✅
On the fourth day, we see another attempt towards that upper resistance zone. Never the less, we also sense demand in correction, where with every smaller push we are having, it is just not enough for a breakout of such a big resistance. As you know, we have already opened a position on BTC Short, so the gameplan is still the same. We might see very sweet gains...
Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 73.80 zone, USOIL 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 73.80 support and resistance area. Trade safe, Joe.
This week i adviced to keep selling under 2070 big resistance after confirmation. Although we got some rejections bulls manage to push back to the resistance zone. I told everyone the moment 2070 breaks with confirmation we need to add buys. SO eventually gold broke 2070 and i instantly change strategy to adding buys. WE took great profits from here. In the...
Hello,Traders! AUD-NZD is already Making a pullback from The horizontal resistance Of 1.0817 from where I think we will see A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I do not have an entry as of now but every timeframe is indicating that GBPJPY will go short. Here's why; - The monthly timeframe will likely close in a 3 pin pattern showing downside momentum. - The monthly candlestick closed below a supportive level which I can see through the body closure at 182.20 that seemed to have held price for 5 months - The weekly has...
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
GBPNZD has risk structure wise a good high profitability setup coming. When price enters this zone I will be looking for short setups as price has been in a big downtrend. More ideas coming up! Let me know what you think!
AUDNZD resistance zone coming up and waiting for entry confirmation. Let me know what you think!
Hello,Friends! EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.634 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! We are now examining the USOIL 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 84.25 level. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2063.526. Taking into consideration the structure & trend analysis, I believe that the market will reach 2049.969 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for AUDCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.902. Considering the today's price action, probabilities will be high to see a movement to 0.897. P.S Overbought describes a period of time where there has...
EURNZD support --> resistance retest! Let me know what you think!
Greetings Traders, In today's trading session, our focus is on USDCHF as we actively monitor a potential selling opportunity around the 0.85600 zone. Presently entrenched in a downtrend, USDCHF demonstrates a sustained downward trajectory. Simultaneously, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal...
Please, check our technical outlook for NZDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.541. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.538 level. P.S We...
Take a look at our analysis for SILVER. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 24.362. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 23.681 level. P.S The term...