GBPAUD turned briefly oversold on the 1D technical timeframe (RSI = 30.322, MACD = -0.013, ADX = 62.269) while pricing a LLL at the bottom of the Channel Down and the S1 level. The latter in particular can attract considerable buying power to push it for a 1D MA50 and R1 Zone test. This will determine the trend onwards but on the short term following 6 weeks of...
Analysis: Bearish Confluences Strong downwards trend Retesting an area of significance In the fib retracement "golden zone" In a descending broadening channel Downwards trendline touch The USD is the 3rd strongest major currency whereas the NZD is the 4th strongest major currency 2K long position decrease for the NZD 2K long position increase for the...
Gold is oversold on the 1D timeframe (RSI = 25.484, MACD = -12.310, ADX = 33.367), the RSI hasn't been that low since July 2022. This is the selling leg from the top of the Channel Down after t brutal 1D Death Cross (the first in more than a year). The standard selling sequence is around -5%. We expect a rebound (short term) to the former LL trendline (TP =...
Nike isn't on its best long term technical outlook being neutral on 1D but bearish on the 1W timeframe (RSI = 36.926, MACD = -4.740, ADX = 46.648). The four month pattern is a Channel Down, which if broken upwards should target the 1W MA50 (TP = 111.50). That's on the medium term because on the long term, the market needs to cross over the 1W MA100 (which has been...
Hello,Friends! BITCOIN pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 25885 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H 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...
Hello,Friends! We are going short on the USD/JPY with the target of 147.996 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! EUR/USD is making a bullish rebound on the 2H 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 1.053 level. ✅LIKE AND COMMENT MY IDEAS✅
My dear subscribers, This is my opinion on USDCAD next move: The instrument tests an important psychological level 1.3427 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3487 My Stop Loss - 1.3391 About Used Indicators: On the...
My dear friends, Please, find my technical outlook for EURAUD below: The price is coiling around a solid key level - 1.6342 . Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6512 Safe Stop Loss - 1.6262 About Used Indicators: The...
EURCAD is trading in a strong bearish trend. After the price set a new lower low lower close on a daily, it retraced to a key daily horizontal resistance. To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f. Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers. A bearish...
My dear friends, My technical analysis for GBPJPY is below: The market is trading on 182.86 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 181.69 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
My dear subscribers, SILVER looks like it will make a good move, and here are the details: The market is trading on 23.0645 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 22.6551 About Used Indicators: The average true range (ATR) plays an important role in...
EUR/CAD Long • If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this...
Elsewhere, the euro stood at $1.05625 EURUSD , down 0.04% so far in Asia after climbing off this week's multi-month low of $1.0488. Investors will be looking ahead to Friday's CPI data out of the euro zone for clues into the state of the bloc's economy. OANDA:EURUSD SELL 1.0575- 1.0590 ✔️✔️ ✔️TP1: 1.0545 ✔️TP2: 1.0525 ❌SL: 1.0620
BUY ABOVE - 44330 SL - 44260 TARGETS - 44430,44550,44660 SELL BELOW - 44210 SL - 44280 TARGETS - 44100,43950,43780 NO TRADE ZONE - 44210 to 44430 Previous Day High - 44750 Previous Day Low - 44210 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle...
This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since...
This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since...