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EURAUD possible ideaFrom our previous idea, price moved as anticipated but failed to close below our weak low. It only wicked with an asia session low, thus forming more liquidity around the weak low price failed to break. Within the range, on lower timeframe, price moved aggressively, leaving behind a clean 1 hour supply zone before it preceded to break structure. Price has currently formed asia session liquidity below this POI that it could use to fuel its move to run the weak low as well as the liquidity below asia low.
Short
by BlackTygaTrades
NAS100USD Will Go Down! Short! Please, check our technical outlook for NAS100USD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 20,839.6. Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:NAS100USDShort
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,686.729. Considering the today's price action, probabilities will be high to see a movement to 2,659.435. 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!
OANDA:XAUUSDShort
by SignalProvider
2
EURCAD Is Bearish! Short! Take a look at our analysis for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.478. 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 1.461 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!
Short
by SignalProvider
1