GBPCAD Will Drop From Resistance! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: daily
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.684.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.655 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!
Freesignals
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3895
TP: 0.3649
SL: 0.4075
Bias: Short
The cost development construction of this instrument isn't major areas of strength for exceptionally any kind of directional predisposition. The elements that move the market need fundamentally in current cost setting. From our projection we have chosen to utilize the ongoing put in a position to adapt to the latest thing.
XAUUSD : Gold demand zone long tradeOANDA:XAUUSD
Hi trader's , Gold as per our last analysis went down and hit all target's
Now Gold consolidating and making a potiential reversal pattern
'W' pattern is bullish reversal pattern , as after double bottom , buyer's can push market in upward direction
Once 20 and 50 ema resistance area clear , gold can move upto 1973 mark minimum
❤️Please, support my work with follow ,share and like, thank you!❤️
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3534
TP: 0.3294
SL: 0.3704
Bias: Short
The investigation of dynamic help and opposition shows a thin reach and the cost is wavering between two limits yet the unpredictability factor is low. For that reason we can't anticipate a high possible exchange from the ongoing cost setting. Taking into account the cost design we can expect some cost move from help to obstruction and protection from help.
XAUUSD :Gold double top bearish patternOANDA:XAUUSD
Hi , Trader's , price made double top today at 2000$ area
Double top is perfect bearish pattern ,it's a reversal pattern
price breakout from neckline at 1985 area and candle closing below indicate that bearish are active
After unrealistic rally after svb bank news , price action now tend's to cool down
For going further up Gold need's to gather some liquidity
Price targeting 1951 area in 1hr TF
Diageo plc (DGE.l) bullish scenario:The technical figure Triangle can be found in the daily chart in the UK company Diageo plc (DGE.l). Diageo plc is a British multinational alcoholic beverage company. It is a major distributor of Scotch whisky and other spirits. Distilleries owned by Diageo, produce 40% of all Scotch whisky with over 24 brands, such as Johnnie Walker, J&B and Vat 69. Its leading brands include Johnnie Walker, Guinness, Smirnoff, Baileys liqueur, Captain Morgan rum and Tanqueray and Gordon's gin. The Triangle broke through the resistance line on 23/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 15 days towards 3 739.00 GBX. According to experts, your stop-loss order should be placed at 3 438.50 GBX if you decide to enter this position.
If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That means EPS growth is considered a real positive by most successful long-term investors. Diageo managed to grow EPS by 7.3% per year, over three years. While that sort of growth rate isn't anything to write home about, it does show the business is growing.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3671
TP: 0.3414
SL: 0.3849
Bias: Short
Today we see no commitment of critical cost development. The ongoing cost setting uncovers some unremarkable trading open doors across different instruments. We want to go for our plotted projections while exchanging individual money matches. The main thing is cash the executives . In the event that we can appropriately deal with the position ,any predisposition can be transformed into positive result. Our projection is directed by short and long haul specialized and central examination.
Baxter Inc. (BAX) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company Baxter International Inc. (BAX). Baxter International Inc. is an American multinational healthcare company. The company primarily focuses on products to treat kidney disease, and other chronic and acute medical conditions. The Falling Wedge broke through the resistance line on 22/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 41.98 USD. According to experts, your stop-loss order should be placed at 37.35 USD if you decide to enter this position.
U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea's Celltrion Inc are among those competing to acquire the biopharma solutions business of medical device maker Baxter International Inc, according to people familiar with the matter.
The divestment, which the sources said could fetch more than $4 billion, would help Baxter pay down debt following its $10.5 billion acquisition of medical device maker Hill-Rom Holdings in 2021. Baxter, which has a market value of $19 billion, had total debt of $16.6 billion as of the end of December.
Private equity firms, including KKR & Co and Carlyle Group, have also expressed interest in the Baxter business, the sources said. Other bidders could still emerge, they added.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
ADAUSDT Short Time Frame: 4H
Symbol: ADAUSDT
Entry: 0.3710
TP: 0.3527
SL: 0.3909
Bias: Short
The ongoing value example of this money pair is showing areas of strength for an according to our projected course. We accept the miniature pattern will go on with slight cost percussion . Our point is to underwrite from the ongoing business sector variances.
Bayer AG (BAYN.de) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the German company Bayer AG (BAYN.de). Bayer AG is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals; consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The Falling Wedge broke through the resistance line on 22/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 60.750 EUR. According to experts, your stop-loss order should be placed at 54.890 EUR if you decide to enter this position.
Bayer AG plans to spend $1 billion on drug research and development in the U.S. this year as it works to double its sales in the country by the end of the decade, Bayer's top U.S. pharmaceutical executive told Reuters.
Sebastian Guth, president of Bayer's pharmaceuticals business in the Americas, in an interview with Reuters, said the company increased U.S. employees working on marketing for its pharmaceutical business by around 50% over the last three years and plans to expand on that by another 75% by 2030.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
GOLD : How to trade with Rsi IndicatorOANDA:XAUUSD
What Does RSI Mean?
The relative strength index (RSI) measures the price momentum of a stock or other security. The basic idea behind the RSI is to measure how quickly traders are bidding the price of the security up or down. The RSI plots this result on a scale of 0 to 100.
Readings below 30 generally indicate that the stock is oversold, while readings above 70 indicate that it is overbought. Traders will often place this RSI chart below the price chart for the security, so they can compare its recent momentum against its market price.
How do you trade effectively with RSI?
The common levels to pay attention to when trading with the RSI are 70 and 30. An RSI of over 70 is considered overbought. When it below 30 it is considered oversold. Trading based on RSI indicators is often the starting point when considering a trade, and many traders place alerts at the 70 and 30 marks.
KEY TAKEAWAYS
The relative strength index (RSI) is a popular momentum oscillator introduced in 1978.
The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price.
An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30.
The RSI line crossing below the overbought line or above oversold line is often seen by traders as a signal to buy or sell.
The RSI works best in trading ranges rather than trending markets.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3386
TP: 0.3171
SL: 0.3544
Bias: Short
The investigation of dynamic help and opposition shows a thin reach and the cost is swaying between two limits yet the instability factor is low. For that reason we can't anticipate a high expected exchange from the ongoing cost setting. Taking into account the cost design we can expect some cost move from help to obstruction and protection from help.
Nike Inc. (NKE) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company Nike Inc. (NKE). Nike Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The Falling Wedge broke through the resistance line on 17/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 6 days towards 123.99 USD. According to experts, your stop-loss order should be placed at 115.87 USD if you decide to enter this position.
Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West which caused the German company to lose about $600 million in quarterly sales.
Nike is also expected to get a boost from higher sales of its Jordan Retros and some newer launches as the world's No. 1 sportswear maker stays ahead of rivals through its innovative product lines.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3430
TP: 0.3679
SL: 0.3252
Bias: Long
These instruments are showing little to medium directional predispositions. We have projected in view of our particular central and specialized research models. As we see the pattern is our companion however finding the right pattern is very troublesome and to that end we search after elective open doors.