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GBPUSD: Dovish BoE and Strong DollarHey Traders, Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area. The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more cautious approach to monetary policy. This dovish outlook, combined with ongoing economic challenges and recession risks in the UK, is weakening the GBP. On the other hand, the US Dollar is strengthening, driven by the current recession risk USD is considered a safe haven. This combination of factors supports the likelihood of further declines in GBP/USD as it approaches the 1.27600 zone. We should watch for bearish signals at this level for a potential selling opportunity.
Short
by JoeChampion
4
NAS100USD Will Go Down From Resistance! Short! Please, check our technical outlook for NAS100USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 17,898.1. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17,009.2 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!
OANDA:NAS100USDShort
by SignalProvider
2
LTCUSD Will Go Lower! Sell! Here is our detailed technical review for LTCUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 58.45. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 54.04 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!
COINBASE:LTCUSDShort
by SignalProvider
1
AUDUSD Will Go Down! Short! Take a look at our analysis for AUDUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.656. The above observations make me that the market will inevitably achieve 0.651 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!
Short
by SignalProvider
5
NZDUSD Will Move Lower! Sell! Please, check our technical outlook for NZDUSD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.600. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.593 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!
Short
by SignalProvider
1
DXY Is Bearish! Short! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 103.249. Considering the today's price action, probabilities will be high to see a movement to 101.633. 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!
TVC:DXYShort
by SignalProvider
1
GOLD Is Very Bearish! Sell! Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2,393.798. 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 2,369.013 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!
OANDA:XAUUSDShort
by SignalProvider
1
USDCHF Is Going Down! Short! Please, check our technical outlook for USDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.857. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.847 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!
Short
by SignalProvider
5
GBPCHF Will Go Down! Short! Take a look at our analysis for GBPCHF. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.090. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.081 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!
Short
by SignalProvider
1