NZDUSD Will Fall! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.590.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.575 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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Forecast
NZDJPY Will Go Up From Support! Buy!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 85.439.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.706 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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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,240.9
Target Level: 3,210.7
Stop Loss: 3,261.1
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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AUD/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
AUD/NZD SIGNAL
Trade Direction: short
Entry Level: 1.084
Target Level: 1.062
Stop Loss: 1.098
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.583.
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NZD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD-CAD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.827 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/CAD pair.
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CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.464 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD: Market Sentiment & Price Action
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBPAUD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPAUD chart which, if analyzed properly, clearly points in the upward direction.
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BITCOIN Will Go Higher! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 102,856.61.
The above observations make me that the market will inevitably achieve 117,574.76 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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USDJPY Will Go Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 144.899.
Taking into consideration the structure & trend analysis, I believe that the market will reach 146.054 level soon.
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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GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.338.
Considering the today's price action, probabilities will be high to see a movement to 1.331.
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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GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.865.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.902 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.
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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AUDUSD Is Very Bullish! Buy!
Take a look at our analysis for AUDUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.640.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.641 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.
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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EURUSD Is Going 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 price is testing a key support 1.116.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.118 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.
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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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,239.86
Target Level: 3,127.89
Stop Loss: 3,314.33
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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/CAD BEARS ARE GAINING STRENGTH|SHORT
AUD/CAD SIGNAL
Trade Direction: short
Entry Level: 0.898
Target Level: 0.882
Stop Loss: 0.909
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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NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. 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 83.261 area.
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GBP/USD BUYERS WILL DOMINATE THE MARKET|LONG
GBP/USD SIGNAL
Trade Direction: long
Entry Level: 1.316
Target Level: 1.338
Stop Loss: 1.302
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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Noah Cloud Pattern - Ruff Times AheadI expect this will get very bad before getting even badder and then better before getting really really better again.
There will be red and green bars and lines and numbers at some point throughout the day, so buy if you want or sell.
I am not a financial advisor.
EUR-USD Bearish Bias! Sell!
Hello,Traders!
EUR-USD made a retest
Of the key horizontal level
Around 1.1255 and already
Made a pullback so we will
Be expecting a local
Bearish move down
Sell!
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EURJPY: Will Keep Growing! Here is Why:
The analysis of the EURJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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