SELL
AUDUSD Will Move Lower! Short!
Here is our detailed technical review for AUDUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.651.
Considering the today's price action, probabilities will be high to see a movement to 0.645.
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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AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
AUD/USD is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.644 level.
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$BTC possible flip upward to new ATH? 1 hourSo I’m not an amazing trader and I don’t make your trades this isn’t advice as I am my own finacial adviser and that is how anyone trading should be so you can’t use this as a future prediction as I do not predict the future. Not finacial advice.
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DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.269.
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 104.187 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.
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GOLD Is Very Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,647.747.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,604.970 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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NZDCHF Is Going Down! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.520.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.519 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.
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GBPAUD Will Fall! Short!
Take a look at our analysis for GBPAUD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.948.
The above observations make me that the market will inevitably achieve 1.937 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!
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,616.113 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on NZD/USD, 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 0.579.
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USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.379 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/CAD pair.
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GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.246 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, NZUDSD is trading in a downtrend and currently is in a correction phae in which it is approaching the trend at 0.59600 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area.
Trade safe, Joe.
NAS100USD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NAS100USD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,946.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,451.1 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.
Like and subscribe and comment my ideas if you enjoy them!
USOIL Will Go Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 68.67.
Considering the today's price action, probabilities will be high to see a movement to 66.63.
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!
EURGBP Will Move Lower! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.833.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.828 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!
AUDNZD Is Going Down! Sell!
Please, check our technical outlook for AUDNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.111.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.108 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!
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.05100 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.