CADJPY Is Very Bearish! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.050.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.642 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
GOLD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,612.943 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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USDCHF What Next? SELL!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8505
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8469
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDJPY Massive Short! SELL!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 143.56
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 - 141.86
My Stop Loss - 144.52
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.
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WISH YOU ALL LUCK
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6274
Stop Loss - 0.6291
Take Profit - 0.6246
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD Under Pressure! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1120
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.
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WISH YOU ALL LUCK
SILVER Is Going Down! Short!
Take a look at our analysis for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 30.843.
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 30.078 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!
GBPUSD Will Fall! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.335.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.322 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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NZDCAD Will Go Lower From Resistance! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.846.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.844 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.
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SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 29.085 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 SILVER pair.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.675 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 141.931 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURUSD Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.1142
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 - 1.1102
My Stop Loss - 1.1168
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.
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WISH YOU ALL LUCK
EURUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1160
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 - 1.1121
Recommended Stop Loss - 1.1185
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
SILVER Technical Analysis! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.830 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.032
Recommended Stop Loss - 31.311
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHFJPY A Fall Expected! SELL!
My dear followers,
This is my opinion on the CHFJPY next move:
The asset is approaching an important pivot point 169.67
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 - 168.40
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GOLD Will Go Lower! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,619.66.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,573.71 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.
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GOLD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the GOLD 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 2,586.807 level.
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CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY 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 102.499.
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AUD/JPY SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/JPY 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 95.765.
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