USDJPY Will Move Higher! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 142.756.
Considering the today's price action, probabilities will be high to see a movement to 144.697.
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
USDCAD Is Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.378.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.399 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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EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY is making a bearish pullback on the 3H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 163.264 level.
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GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,388.78.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,436.70 level soon.
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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GBPCHF Is Very Bearish! Sell!
Take a look at our analysis for GBPCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.092 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/CAD BEARS ARE STRONG HERE|SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.565
Target Level: 1.558
Stop Loss: 1.569
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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GBPUSD: Bearish Continuation is Highly Probable! Here is Why:
The analysis of the GBPUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,257.82.
Considering the today's price action, probabilities will be high to see a movement to 3,352.14.
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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CHF/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
CHF/JPY 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 174.161 level.
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NZDCAD Will Go Higher! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.821.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 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.
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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USOIL Is Going Up! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 57.535.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 61.620 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.
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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AUD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the AUD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.641.
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EURUSD Will Fall! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.133.
The above observations make me that the market will inevitably achieve 1.125 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 SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,270.07
Target Level: 3,197.87
Stop Loss: 3,317.86
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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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USD/JPY BEARS ARE GAINING STRENGTH|SHORT
USD/JPY SIGNAL
Trade Direction: short
Entry Level: 144.163
Target Level: 139.852
Stop Loss: 147.018
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 15h
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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NZD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
NZD/USD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.592.
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AUD/NZD SHORT FROM RESISTANCE
Hello, Friends!
We are targeting the 1.081 level area with our short trade on AUD/NZD 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.
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SILVER BEST PLACE TO SELL FROM|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,305.2
Target Level: 3,164.4
Stop Loss: 3,398.5
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on USD/CHF right now from the resistance line above with the target of 0.820 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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GBPNZD: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the GBPNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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GBPCHF: Market of Buyers
The price of GBPCHF will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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EURAUD Will Go Down From Resistance! Sell!
Take a look at our analysis for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.747.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.713 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.
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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AUDCAD Will Go Higher! Long!
Please, check our technical outlook for AUDCAD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.894.
Considering the today's price action, probabilities will be high to see a movement to 0.905.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!