BITCOIN Will Go Lower! Sell!
Please, check our technical outlook for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 113,260.21.
The above observations make me that the market will inevitably achieve 107,826.27 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Forecast
USOIL Is Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 69.178.
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 down to 66.684 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CHFJPY: Bearish Continuation is Expected! Here is Why
The price of CHFJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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NZDJPY Will Go Up! Buy!
Here is our detailed technical review for NZDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 87.264.
Taking into consideration the structure & trend analysis, I believe that the market will reach 88.444 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD Is Going Up! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.319.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.345 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDJPY: Bullish Continuation
The recent price action on the NZDJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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GBPJPY Will Move Higher! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 195.702.
Considering the today's price action, probabilities will be high to see a movement to 197.050.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD: Will Keep Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down.
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BITCOIN SENDS CLEAR BULLISH SIGNALS|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 114,912.19
Target Level: 117,003.95
Stop Loss: 113,517.68
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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CADCHF Will Grow! Long!
Please, check our technical outlook for CADCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.587.
The above observations make me that the market will inevitably achieve 0.588 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the EUR/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 168.581 level.
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USDJPY Is Very Bearish! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 150.492.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 148.583 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,309.55
Target Level: 3,288.24
Stop Loss: 3,323.69
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 45m
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EUR/AUD BEARS ARE GAINING STRENGTH|SHORT
EUR/AUD SIGNAL
Trade Direction: short
Entry Level: 1.777
Target Level: 1.768
Stop Loss: 1.782
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/CAD with the target of 1.607 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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AUDCHF Will Go Down! Short!
Here is our detailed technical review for AUDCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.524.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.522 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD: Will Start Growing! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the upward direction.
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QQQ: Expecting Bullish Continuation! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy QQQ.
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EURUSD: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed down by the bears so we will sell!
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USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: short
Entry Level: 67.26
Target Level: 68.46
Stop Loss: 66.46
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/CHF SHORT FROM RESISTANCE
Hello, Friends!
EUR/CHF pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.926 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 1.929 area.
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