Short
SPY A Fall Expected! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 609.70 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 600.34
Recommended Stop Loss - 615.13
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURAUD What Next? SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6631 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6523
Safe Stop Loss - 1.6677
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
GOLD The Target Is DOWN! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2949.5 pivot level.
Bias - Bearish
My Stop Loss - 2954.4
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2940.5
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
GBPNZD Is Bearish! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.217.
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 2.209 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!
USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.896.
The above observations make me that the market will inevitably achieve 0.891 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!
SILVER SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the SILVER 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 29.766 level.
✅LIKE AND COMMENT MY IDEAS✅
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.614 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 AUD/USD pair.
✅LIKE AND COMMENT MY IDEAS✅
The EURCAD currency pair has reached a critical resistance levelThe EURCAD currency pair has reached a critical resistance level at 1.505, signaling an opportunity for selling.
From technical side
This pair has recently encountered strong resistance near the 1.500-1.505 area, where it has failed to break above these levels multiple times.
RSI has consistently been overbought territory above the 70 level. Euro is now overextended and due for a pullback.
From fundamental side
Recent economic data from the Eurozone has shown signs of slowing growth, with inflationary pressures remaining above the European Central Bank's target, potentially leading to a more dovish stance in future monetary policy.
On the other hand, Canada's economic outlook has been more resilient, with solid GDP growth, rising oil prices, and an increasingly hawkish tone from the Bank of Canada.
First Target: 1.498 area being 0.382 retracement level
Second Target: 1.493 area being 0.618 retracement level in conjunction with previous top
USDJPY: Bearish Trend ContinuationHello everyone.
As seen on my chart, im expecting a bearish trend continuation seen on higher timeframes after what I believe could be some stop hunts!!
Used a fib to mark premium and discount zones. I expect price to continue go down once the premium zone is hit.
Feel free to leave your thoughts and feedback in a comment, I would heavily appreciate it.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.600 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.600 support and resistance area.
Trade safe, Joe.
EURCAD My Opinion! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5004
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4918
My Stop Loss - 1.5061
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GBPAUD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The price is coiling around a solid key level - 1.9973
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9888
Safe Stop Loss - 2.0024
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURUSD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0497
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0474
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
NAS100USD Is Very Bearish! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 21,289.6.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 20,988.9 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!