BTCUSD: Forecast & Trading Plan
The recent price action on the BTCUSD 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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Forecast
NAS100USD Will Go Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 20,175.5.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,410.0 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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EURUSD Will Go Up! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.082.
Considering the today's price action, probabilities will be high to see a movement to 1.093.
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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SPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
SPY pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 593.41 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Blokblok usdt daily analyses
time frame daily
long position risk of ratio >9
target 0.00075$
if price breaks the upper line my long position will start. duration of this forecast is long
if it cannot break and move between orange lines my short position will be active. this duration is short
short position risk of ratio >2
target 0.00027$
SPY: Bullish Continuation is Highly Probable! 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 SPY chart which, if analyzed properly, clearly points in the upward direction.
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USDCAD: Will Start Falling! Here is Why
The recent price action on the USDCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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BITCOIN Will Go Up From Support! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 86,185.31.
The above observations make me that the market will inevitably achieve 90,311.38 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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USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 148.026.
Taking into consideration the structure & trend analysis, I believe that the market will reach 146.677 level soon.
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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GBPUSD Will Go Down! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.291.
Considering the today's price action, probabilities will be high to see a movement to 1.271.
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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USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the USOIL with the target of 73.56 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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NZD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 85.520 level.
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CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
The BB lower band is nearby so CAD-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.626.
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NZDCAD: Expecting Bearish Movement! 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 NZDCAD chart which, if analyzed properly, clearly points in the downward direction.
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GOLD Is Bullish! Buy!
Take a look at our analysis for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,919.850.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,971.950 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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EURCAD Is Very Bullish! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.552.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.561 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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GBPCHF Is Going Up! Buy!
Here is our detailed technical review for GBPCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.135.
The above observations make me that the market will inevitably achieve 1.149 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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BITCOIN BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the BITCOIN 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 78,724.
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CHF/JPY SHORT FROM RESISTANCE
Hello, Friends!
CHF/JPY is trending down which is clear 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 164.774.
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AUD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.557 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
NZD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.505 area.
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