SPX500USD Will Go Lower! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 6,122.6.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 6,074.3 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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Short
USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USOIL 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 69.95 level.
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CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF 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 0.621.
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPAUD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9805
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 - 1.9787
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
CADJPY Under Pressure! SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 107.47
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 106.55
My Stop Loss - 108.07
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USOIL Will Go Down! Short!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 7,215.2.
The above observations make me that the market will inevitably achieve 6,999.3 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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EURNZD Is Bearish! Sell!
Please, check our technical outlook for EURNZD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.819.
Considering the today's price action, probabilities will be high to see a movement to 1.806.
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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17/02/25 Weekly outlookLast weeks high: $98,823.86
Last weeks low: $94,093.81
Midpoint: $96,458.84
Not a whole lot to comment on for this weekly outlook, we had a tighter weekly range last week ( EUROTLX:4K instead of $11K) however the midpoints were both $96K and both weeks started at their respective midpoints. For me this suggests a coiling of bitcoins price with anticipation for a larger move in a given direction, this could be either bullish or bearish we are yet to see.
Since last weeks CPI inflation print of a hotter than forecast 3.0%, a dollar that is finally rolling over and tariffs put on hold until April 1st, these factors should all play into the hands of the bulls but the chart needs to reflect this.
For this week I am anticipating more chop, if the pattern of tightening weekly ranges continues with no real idea of direction then the opportunity for credible trades reduces until we get an idea of trend direction. Right now there is no trend direction and so bitcoin should be treated as such.
Altcoins continue to suffer across the board and IMO this will not change until we see a bullish move in BTC. This environment is for short term traders as it stands.
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 93,774.
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GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.769 area.
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GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 1.974 level area with our short trade on GBP/AUD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90200 zone, USDCHF 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.
Trade safe, Joe.
Carvana's Fundamentals And Chart Screeming For A ShortFrom a very well known Short-Seller in the markets I read a concerning letter this morning:
"Carvana Trades At An 845% Higher Sales Multiple Than Online Car Peers Like CarMax and AutoNation, And A 754% Premium On A Forward Earnings Basis."
...ummmhh... §8-()
The Chart does look very scary too.
This exponential move can't sustain very long. As we see, the first bounce already alerts me to prepare for a big short.
If this plays out as projected, we see a heavy dump in the coming weeks and months.
EURUSD Under Pressure! SELL!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0473 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0403
Safe Stop Loss - 1.0514
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.
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WISH YOU ALL LUCK
NZDCHF A Fall Expected! SELL!
My dear followers,
I analysed this chart on NZDCHF and concluded the following:
The market is trading on 0.5169 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5158
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.
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WISH YOU ALL LUCK
SHORT ON NAS100Nas has been failing to break highs.
Highs continue to get Lower coming from a major resistance area.
Telsa, Amazon and others facing back lash for many political reasons. (negative)
I will be selling nas before unemployment news today that expect more people to be unemployed. (negative)
News could set this trade on Fire to the downside.
DXY Is Very Bearish! Short!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.963.
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 106.002 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!