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SILVER The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for SILVER below: The price is coiling around a solid key level - 30.720 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 29.587 Safe Stop Loss - 31.354 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
OANDA:XAGUSDShort
by AnabelSignals
1
GBPUSD Massive Short! SELL! My dear subscribers, My technical analysis for GBPUSD is below: The price is coiling around a solid key level - 1.3120 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3089 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
SPY Under Pressure! SELL! My dear followers, I analysed this chart on SPY and concluded the following: The market is trading on 561.96 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 556.18 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
AMEX:SPYShort
by AnabelSignals
2
USDCAD Is Very Bearish! Sell! Take a look at our analysis for USDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.358. 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 1.355 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!
Short
by SignalProvider
1
EURO - Price can little grow and then continue fall in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line. Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge. Next, EUR corrected, after which continued to move up inside wedge and later price exited from this pattern. After this, price entered to falling channel, where it at once rose higher than $1.1155 level, but soon broke it again. Euro continued to decline inside falling channel until it reached support line, after which it recently bounced up. Now, I think price can make a small movement up and then continue to decline to $1.0975 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
HelenP. I Gold can make correction movement, after impulse upHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded up from support 2, which coincided with the support zone and little growth, but soon turned around and dropped lower this level, breaking it and reaching the trend line. Then the price started to move up inside the upward channel, where it soon broke support 2 again and rose to the resistance line of the channel, after which corrected to the support zone. Next, Gold continued to move up inside the upward channel and later it reached support 1, which coincided with the support zone. Then price some time traded near this level and a little later it corrected the trend line, which support line of the channel also, after which turned around and backed up to support 1. Soon, Gold broke this level and continued to move up inside the channel, so, now I expect that XAUUSD will rise to almost the resistance line of the channel and then drop to the 2525 support level, making a correction movement after a strong impulse up. That's why the support level is my goal. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
EUR/USD Weekly Closing Remarks (2024/09/14)Weekly Closing Remarks for EUR/USD (Post-September 13, 2024): EUR/USD closed the week on Friday, September 13, 2024, at 1.1074, maintaining a bearish bias throughout the week. The market remained cautious ahead of next week’s FOMC rate decision, set for Wednesday, September 18, 2024. The Ichimoku cloud continues to display a bearish structure, with price action remaining below the cloud across most significant timeframes. Both the Tenkan-sen and Kijun-sen are aligned in a bearish crossover, signaling continued downward pressure. ADX readings indicate a strong bearish trend, particularly on the daily and weekly timeframes, affirming the strength of the current downtrend. Attempts to rally during the week were short-lived, with resistance at 1.1100 - 1.1120 consistently capping price movements. MACD readings across all timeframes remain in negative territory, signaling that downward momentum is still strong. This week's key drivers included: Eurozone weakness: Ongoing economic challenges in the Eurozone, particularly concerning inflation and growth, continued to weigh on the euro. FOMC expectations: The market is expecting a 25bps rate cut next week, keeping traders cautious and influencing USD strength, which pressured the euro further. Next Week’s Forecast (Week of September 16-20, 2024): The upcoming week will center around the FOMC rate decision on Wednesday, September 18, 2024, with markets anticipating a 25bps rate cut. However, there are still uncertainties, with three potential outcomes: no rate cut, a 25bps cut (the most likely), or a 50bps cut. Importantly, there is no expectation of a rate hike. Each scenario will have significant implications for EUR/USD. Key Scenarios for Next Week: Scenario 1 - 25bps Rate Cut (Market Expectation): The most anticipated outcome is a 25bps rate cut. In this scenario, the euro could see a brief relief rally, testing the resistance zone around 1.1100 - 1.1120. However, given the strength of the bearish trend, any rallies are likely to be short-lived, and sellers will likely re-enter around these levels. If resistance holds, EUR/USD could continue its downward trajectory, targeting the key support levels of 1.1040 - 1.1050. A break below this level could see further declines toward 1.1000, a critical psychological support zone. Scenario 2 - No Rate Cut (Hawkish Surprise): Should the Fed decide to hold rates steady, this would come as a hawkish surprise to the market. In this case, the US dollar would strengthen considerably, exerting immediate downward pressure on EUR/USD. The pair would likely break below 1.1040, accelerating towards 1.1000. Should the downward momentum continue, the next target could be 1.0960 or lower, as the bearish trend strengthens further. Scenario 3 - 50bps Rate Cut (Dovish Shock): A 50bps rate cut would be a dovish surprise and would likely weaken the US dollar, allowing EUR/USD to stage a more significant rally. In this case, EUR/USD could break through the 1.1100 - 1.1120 resistance zone, potentially targeting 1.1170 - 1.1180. However, the overall bearish technical setup may limit further gains, especially if the euro remains fundamentally weak. Key Support and Resistance Levels: Support The key support level is 1.1040 - 1.1050. A break below this level would signal further downside, with 1.1000 as the next psychological support. If bearish momentum accelerates, EUR/USD could test 1.0960. Resistance Resistance remains firm at 1.1100 - 1.1120. If EUR/USD manages to break through this zone, the next target would be 1.1170 - 1.1180, but this will require significant bullish momentum, which is unlikely without a dovish surprise from the Fed. Volatility Considerations: ATR (Average True Range) suggests that volatility is likely to increase next week, especially in the days leading up to and following the FOMC rate decision. Price movements could become more pronounced, particularly during and immediately after the announcement. Expect heightened volatility during the FOMC press conference as the market reacts to the Fed's forward guidance and any signals about future rate cuts. Closing Summary: EUR/USD is set for a potentially volatile week with the FOMC rate decision on Wednesday, September 18, 2024. The most likely outcome is a 25bps rate cut, which could trigger a short-term relief rally, but the overall bearish trend is expected to persist. If the Fed holds rates steady, expect further downside pressure, with EUR/USD likely breaking below 1.1040 and targeting 1.1000 or lower. In the unlikely event of a 50bps cut, the pair may rally towards 1.1170 - 1.1180, but upside gains would likely be capped due to the prevailing bearish sentiment. Traders should prepare for significant price fluctuations and manage risks carefully as we head into this crucial week.
Short
by williamwklee
EURCAD Will Fall! Short! Here is our detailed technical review for EURCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.503. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.498 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!
Short
by SignalProvider
2
GBPCAD Will Go Lower From Resistance! Sell! Take a look at our analysis for GBPCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.783. The above observations make me that the market will inevitably achieve 1.780 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!
Short
by SignalProvider
1