GBPUSD Will Go Down! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.291.
Considering the today's price action, probabilities will be high to see a movement to 1.271.
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.
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SELL
SHORT ON GBP/CADGBP/CAD is rejecting a key supply area on the 15min after continuing to make (Lower Highs) on the Higher Time Frames.
There has been a change in market structure from Up to down on the lower timeframe signaling a possible drop.
GBP/CAD is highly over brought and I believe its ready to fall.
I will be selling GBP/CAD to the next swing low for about 100-150 pips. OANDA:GBPCAD
BITCOIN BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the BITCOIN 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 78,724.
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CHF/JPY SHORT FROM RESISTANCE
Hello, Friends!
CHF/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 164.774.
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USOIL Will Go Lower From Resistance! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 6,657.4.
Considering the today's price action, probabilities will be high to see a movement to 6,198.3.
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.
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EURAUD Will Go Lower! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.705.
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 1.695 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.
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GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the GBP/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.820 level.
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so GBP-AUD 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 1.991.
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BNTX BioN Tech Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BNTX BioN Tech prior to the earnings report this week,
I would consider purchasing the $115usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $17.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COST Costco Wholesale Corporation Options Ahead of EarningsIf you haven`t bought COST before the rally:
Now analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 1030usd strike price Puts with
an expiration date of 2025-3-21,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GAP Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GAP prior to the earnings report this week,
I would consider purchasing the 19.50usd strike price Puts with
an expiration date of 2025-3-7,
for a premium of approximately $1.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SWBI Smith & Wesson Brands Options Ahead of EarningsIf you haven`t sold SWBI before the previous earnings:
Now analyzing the options chain and the chart patterns of SWBI Smith & Wesson Brands prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2025-3-21,
for a premium of approximately $0.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsIf you haven`t bought HPE before the previous earnings:
Noe analyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2025-3-21,
for a premium of approximately $0.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LFWD Lifeward Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LFWD Lifeward prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2025-7-18,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IOT Samsara Options Ahead of EarningsIf you haven`t bought IOT before the previous earnings:
Now analyzing the options chain and the chart patterns of IOT Samsara prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2025-3-7,
for a premium of approximately $1.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.