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EURUSD Will Go Down From Resistance! Short! Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.079. The above observations make me that the market will inevitably achieve 1.068 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
EURCAD Will Go Down! Sell! Here is our detailed technical review for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.499. Considering the today's price action, probabilities will be high to see a movement to 1.493. 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
BITCOIN Is Very Bearish! Short! Here is our detailed technical review for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 68,141.23. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,698.66 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!
COINBASE:BTCUSDShort
by SignalProvider
2
Gold prices are on an upward trend this week!Dear traders, Conan here! Today, gold is in a strong uptrend after all the attempts of the bears failed to reclaim the $2600 level, the price has started to increase and is currently at $2650. The increase is mainly due to the 80% chance that the Fed will tend to cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will remain unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thus supporting the price of gold. With positive signs from the fundamental news and in addition, gold is still reacting around the 34 EMA and the technical uptrend has not been broken when looking closely as on the 1-hour chart, we can fully expect the uptrend to remain completely dominant. Due to these factors, in Conan's personal opinion, gold prices are expected to remain attractive in the near term, with the possibility of rising to $2750. What do you think about this view?
OANDA:XAUUSDLong
by ConanTradingFX
EUR/USD: Selling pressure takes control!Hello all traders! Overall, a lackluster start to the week saw the EUR/USD pair extend its decline, falling below the 1.0900 mark and recording a fresh two-month low near the key 34-day Simple Moving Average (EMA). As such, the US Dollar (USD) continued its rally, pushing the US Dollar Index (DXY) to a fresh multi-week high above 103.00 on persistently high risk sentiment and rising geopolitical tensions in the Middle East. That said, the selling pressure on EUR/USD is not over until the price retests the trendline and the 1.0800 support zone.
Short
by ConanTradingFX
NAS100USD Will Go Lower From Resistance! Sell! Here is our detailed technical review for NAS100USD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 20,274.5. Considering the today's price action, probabilities will be high to see a movement to 20,102.3. 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:NAS100USDShort
by SignalProvider
1
EURUSD Will Go Lower! Short! Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.079. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.071 level. 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
4
McDonald's (MCD): New setback after quarter pounder incidentOne month ago, we predicted McDonald’s would push into the 127.2%-138% range at max, and now the stock is reacting precisely as we expected. Pre-market trading shows a 6% drop following the news from Tuesday. The Centers for Disease Control and Prevention (CDC) has reported one fatality and ten hospitalizations linked to McDonald's Quarter Pounder burgers, resulting in the fast-food chain pulling the item from several menus. This incident has brought McDonald's stock back into its previous range, signaling that this wave (B) should mark the local top for now. If we are correct, we expect to see a 5-wave structure downward from here. While there could be a brief relief pump, we anticipate the stock falling below the wave (A) level of $243. We are patiently monitoring the situation, and if a favorable short setup presents itself, we will share the entry details. For now, we are watching how the news unfolds and waiting on the sidelines.
NYSE:MCD
by freeguy_by_wmc