CADCHF Will Go Down From Resistance! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.626.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 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.
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SELL
GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GOLD 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 2,422.483.
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GBP/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.924 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/AUD pair.
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GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.114 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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PARA Paramount Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PARA Paramount Global prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $0.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTBT Bit Digital Options Ahead of EarningsIf you haven`t bought BTBT before the previous earnings:
Now analyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MDT Medtronic plc Options Ahead of EarningsIf you haven`t bought the dip on MDT:
Now analyzing the options chain and the chart patterns of MDT Medtronic plc prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-8-23,
for a premium of approximately $1.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM before the correction:
Now analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $5.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought the the recent dip on NVDA:
nor before the big rally:
Now analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week,
I would consider purchasing the 138usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $15.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CHWY Chewy Options Ahead of EarningsIf you haven`t sold CHWY before the selloff:
Now analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the 28.50usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $1.21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S SentinelOne Options Ahead of EarningsIf you haven`t bought S before the previous earnings:
Now analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NZDUSD Is Approaching The Weekly Resistance and USD SeasonalityHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62500 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62500 support and resistance area.
Trade safe, Joe.
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are targeting the 28.602 level area with our short trade on SILVER which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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AUDUSD => The Aussie Is Playing Against The Weekly ResistanceHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.68400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at the weekly 0.68400 resistance area.
Trade safe, Joe.
USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so USOIL 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 70.87.
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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on EUR/CAD, 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 1.487.
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USD/JPY SHORT FROM RESISTANCE
Hello, Friends!
USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 114.466 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.511.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.506 level soon.
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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BITCOIN SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
BITCOIN 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 59,593 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD 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 0.656 area.
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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the NZD/USD with the target of 0.603 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11300 zone, EURUSD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.11300 support and resistance area.
Trade safe, Joe.