Hello,Friends!
Previous week’s red candle means that for us the GBP/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.080.
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Hello,Friends!
EUR/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H 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!
GBP/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 1.262 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Here is our detailed technical review for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 110.317.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level.
P.S
Please, note...
Take a look at our analysis for CHFJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 169.883.
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 the...
Please, check our technical outlook for NZDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.827.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.834 level soon.
P.S
Please, note that an...
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.885.
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 the way...
USDCAD 1H The pair moved with horizontal resistance level. 1.3275 We can see the price had a fakeout. 2 Times retested with support. The best way to use this opportunity is to place a Buy order with,
🗣 BUY ORDER AT 1.358300
🗣 TAKE PROFIT 01 1.36000
🗣 TAKE PROFIT 02 1.36300
🗣 STOP LOSS AT 1.3530
The upcoming news will not influence your orders within the...
GBPJPY 1H The pair moved with Acending channel. Already Rebound with support. The best way to use this opportunity is to place a Buy order with,
🗣 BUY ORDER AT 190.400
🗣 TAKE PROFIT 01 190.60
🗣 TAKE PROFIT 02 190.90
🗣 STOP LOSS AT 189.90
The upcoming news will not influence your orders within the mentioned period.
World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy.
According to UBS analyst Giovanni Staunovo, weaker-than-expected US economic data released last week pushed US real interest rates down and this is the cause of gold's price increase.
Last...
Analyzing the options chain and the chart patterns of SWBI Smith & Wesson Brands prior to the earnings report this week,
I would consider purchasing the 12.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Noticed a very standard breakout play. CHFJPY has been ranging since the beginning of 2024 and is teasing a breakout to the downside.
The main risk, however, is that this breakout may be short-lived. Keep in mind that CHFJPY is still in a dominant uptrend since I'd reserve this for a quick counter-trend trade if momentum persists.
I've identified a potential Bearish Bat Harmonic Pattern on the ETH/USD chart, signaling a potential reversal in the current uptrend. This pattern is formed by four price swings within the Fibonacci ratios. If the pattern completes as expected, we might see a reversal in the price of ETH/USD around the $3800 level.
BUY ABOVE - 22430
SL - 22400
TARGETS -22500,22580,22650
SELL BELOW - 22350
SL - 22400
TARGETS - 22310,22270,22230
NO TRADE ZONE - 22350 to 22430
Previous Day High - 2200
Previous Day Low - 22270
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 47550
SL - 47570
TARGETS - 47750,47880,48050
SELL BELOW - 47500
SL - 47570
TARGETS - 47360,47200,47080
NO TRADE ZONE - 47500 to 47650
Previous Day High - 47750
Previous Day Low - 47200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello,Friends!
The BB upper band is nearby so NZD/JPY 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 91.984.
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Hello,Friends!
It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 97.259 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.
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Hello,Friends!
We are going short on the US30 with the target of 33869 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.
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