USOIL LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so USOIL 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 73.00.
✅LIKE AND COMMENT MY IDEAS✅
Forecast
EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/USD, 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 1.024.
✅LIKE AND COMMENT MY IDEAS✅
CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
CAD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 108.562 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 CAD/JPY pair.
✅LIKE AND COMMENT MY IDEAS✅
AUD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
AUD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 97.092 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/CHF 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 0.569.
✅LIKE AND COMMENT MY IDEAS✅
SPY: Market of Buyers
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 SPY pair price action which suggests a high likelihood of a coming move up.
❤️ Please, support our work with like & comment! ❤️
US100 Is Bullish! Long!
Here is our detailed technical review for US100.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,588.3.
The above observations make me that the market will inevitably achieve 22,205.6 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.
Like and subscribe and comment my ideas if you enjoy them!
NG1! SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NG1! pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 3.535 area.
✅LIKE AND COMMENT MY IDEAS✅
NZD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are going long on the NZD/JPY with the target of 88.496 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.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Is Going Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,936.271.
Considering the today's price action, probabilities will be high to see a movement to 2,899.545.
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.
Like and subscribe and comment my ideas if you enjoy them!
USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.897.
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 0.879 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.
Like and subscribe and comment my ideas if you enjoy them!
CADCHF Will Go Down From Resistance! Short!
Take a look at our analysis for CADCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.631.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.625 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.
Like and subscribe and comment my ideas if you enjoy them!
SPX500USD Will Go Lower! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 6,122.6.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 6,074.3 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.
Like and subscribe and comment my ideas if you enjoy them!
USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USOIL is making a bullish rebound on the 6H 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 69.95 level.
✅LIKE AND COMMENT MY IDEAS✅
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF 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 0.621.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
SELL CHFDouble Top Formation 📉 | CHF Poised to Weaken Across All Pairs 💱
The Swiss Franc (CHF) is showing a classic double top pattern, signaling a potential bearish trend. The structure is solid, aligning with technical analysis principles, and suggests a decline in CHF value against major currencies. 🌍
💡 Key Highlights:
Double top formation: Indicates strong resistance and potential reversal.
Big positive swap: Holding positions yields positive returns, making this setup even more attractive.
Bearish sentiment: CHF expected to weaken, offering opportunities for traders across all currency pairs.
📊 Watch for confirmations to validate the setup before entry! Perfect time for strategic planning. 🚀