EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
Short
NZDCAD Buyers In Panic! SELL!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8437 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8354
Recommended Stop Loss - 0.8490
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
DXY Will Go Lower From Resistance! Sell!
Take a look at our analysis for DXY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 101.502.
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 100.706 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.
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USDJPY Will Go Down! Short!
Here is our detailed technical review for USDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 145.462.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 144.460 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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GBPCAD Will Move Lower! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.772.
The above observations make me that the market will inevitably achieve 1.759 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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GBPAUD Set To Fall! SELL!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9507
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 - 1.9407
My Stop Loss - 1.9561
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
USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.844 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 USD/CHF pair.
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EUR USD UpdateOn the EU, it's hard to understand what market makers are trying to do. We broke through daily lows yesterday from the rally B Leg 1.06011, which was the trend from April on. Great opportunities over summer. So now, my mind goes, are we getting a deeper retracement to find the C leg HL, or what's up with it? I'm hunting safe scalps lower to the next order block and seeing how it plays out. Like I said yesterday after this rally, I'm not risking anything for swing trades. There have been hundreds of opportunities over the summer. So, I'm trading something else and waiting patiently for what the dollar will do. Also, the dollar is acting nuts with the war, etc. So, stay safe. I'll keep ideas open here, and maybe we will catch some trades.
NAS100 Is Bearish! Short!
Please, check our technical outlook for NAS100.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 19,538.92.
Taking into consideration the structure & trend analysis, I believe that the market will reach 19,107.96 level soon.
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!
GOLD Is Very Bearish! Sell!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,512.84.
Considering the today's price action, probabilities will be high to see a movement to 2,469.74.
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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AUDCAD Will Fall! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.915.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.914 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!
USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.10 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. 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 0.670 area.
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NZD/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the NZD/USD with the target of 0.620 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 Is attempting to breakout the trendHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11600 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. if we get dips below the 1.11600 support we will look for a potential retrace of the trend towards downsides.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.32200 zone, GBPUSD 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 at 1.32200 support and resistance area.
Trade safe, Joe.
USOIL Will Go Lower From Resistance! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 74.743.
The above observations make me that the market will inevitably achieve 72.884 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!
HelenP. I Euro will continue to decline, breaking support levelHi folks today I'm prepared for you Euro analytics. Some time ago price declined to support 2, which coincided with the support zone, and some time traded near until it broke this level and fell to the trend line. Then EUR started to trades inside a wedge, where it rebounded from the trend line, which is the support line of this pattern, and rose to the resistance line, breaking support 2 one more time. Next, the price corrected the trend line, after which rose to the resistance line and then repeated this movement. Later Euro made an impulse up from the trend line and exited from the wedge pattern, broke support 1, and even rose a little higher than the resistance zone, but soon backed up. A not long time ago price rose from the resistance zone, after which at once turned around and dropped back. Now, I expect that EURUSD will make a small movement up and then continue to decline, breaking the trend line with the support level. Therefore I set my goal at 1.1015 points. If you like my analytics you may support me with your like/comment ❤️
GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/USD 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 1.298.
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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