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HelenP. I Euro will make small move up and drop to support levelHi folks today I'm prepared for you Euro analytics. Some time ago, the price rebounded from the trend line and started to grow and later rose to the support level, which coincided with the support zone. Soon, EUR broke this level, made a retest and even little declined than the 1.1000 level, after which continued to move up to the resistance level. When the Euro rose to this level, which coincided with the resistance zone, the price broke it and some time traded higher than the resistance zone. After this, the price turned around and quickly declined to the trend line, breaking the 1.1135 level. Next, the price rebounded from the trend line and rose back to the 1.1135 resistance level, but when it reached this level it turned around and dropped to the support level, breaking the trend line. Not long time ago EUR turned around and in a short time rose back to the trend line, where it continues to trades very close. I expect that the EURUSD will make small movement up and then drop to the support level. That's why I set my goal at 1.1000 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
DXY Will Go Lower! Short! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.006. Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 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!
TVC:DXYShort
by SignalProvider
1
NZDCAD Will Move Lower! Sell! Take a look at our analysis for NZDCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.838. 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 0.833 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
1
NZDCHF Is Bearish! Short! Please, check our technical outlook for NZDCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.523. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.513 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
Gold will make downward movement to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price trades in the range, where it long time trading near the current support level, which coincided with the support area and top part of the range. After this, the price turned around and made a small movement up, after which rose back to the support area and soon started to decline to the bottom part of the range. When Gold fell to this part, it broke the 2485 level and declined a little below, thereby exiting from the range. Then the price started to an upward channel, where it broke the 2485 level one more time and in a short time rose to the resistance line of the channel and then made a correction to the support line. Next price continued to move up inside the channel and soon reached the 2525 level, after which made small correction to the support line of the channel. After this, Gold made a strong upward impulse, thereby breaking the 2525 level, and later exited from the channel. At the moment, the price continues to move up, so, in my opinion, Gold can make a downward movement to the support level. For this case, I set two TP, first at the 2550 points, and second at the 2525 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
1
SILVER Is Going Down! Sell! Take a look at our analysis for SILVER. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.846. The above observations make me that the market will inevitably achieve 28.581 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!
OANDA:XAGUSDShort
by SignalProvider
1
GBPNZD Will Go Down From Resistance! Short! Here is our detailed technical review for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2.127. Considering the today's price action, probabilities will be high to see a movement to 2.116. 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