GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,610.856 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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Short
GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDUSD Is Very Bearish! Sell!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.582.
Considering the today's price action, probabilities will be high to see a movement to 0.578.
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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SPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 581.52 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 SPY pair.
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Possible Top for BTC/ETHI can see a possible top on the BTC vs ETH chart. It has clearly gone up alot and if you combine that with the divergence on the RSI + BTC Dominance about to fall the possibility for this to happen gets stronger!
This means that Ethereum is about to go for a run and if that happens alot of projects based on ETH will have a big rally.
USDCAD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3989
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 - 1.3975
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
NATGAS Set To Fall! SELL!
My dear friends,
My technical analysis for NATGAS is below:
The market is trading on 3.122 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.910
Recommended Stop Loss - 3.241
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
USOIL Will Collapse! SELL!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 71.12 pivot level.
Bias - Bearish
My Stop Loss - 71.78
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 69.89
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
TESLA: Bearish Continuation & Short Signal
TESLA
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell TESLA
Entry - 352.65
Stop - 382.63
Take - 300.77
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD: Short Trading Opportunity
GOLD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 2716.3
Stop Loss - 2755.8
Take Profit - 2642.2
Our Risk - 1%
Start protection of your profits from lower levels
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APPLE The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 229.82 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 226.87
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
SPY: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SPY chart which, if analyzed properly, clearly points in the downward direction.
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HelenP. I Euro will make move up and then continue to declineHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price entered to downward wedge, where it at once rebounded from the trend line and dropped to resistance 2. Then the price broke this level, after which turned around and rose back to resistance 2 and even rose a little higher. Euro some time traded inside the resistance zone, after which continued to decline inside the wedge, breaking resistance 2 one more time. Later price declined to one more resistance zone, which coincided with resistance 1, and then rebounded and started to trades near this area. Some time later, EUR reached the trend line, which is the resistance line of a wedge, and then turned around and continued to decline. In a short time, the price broke resistance 2 and dropped to the support line of the wedge, but recently it rebounded and started to grow. For this case, I expect that EURUSD will almost rise to the resistance level and then continue to decline inside a downward wedge. That's why I set my goal at 1.0300 points, which coincides with the support line of the wedge. If you like my analytics you may support me with your like/comment ❤️
XAUUSD weekly swing trade target 790 pipsBack again with another swing trade this week, utilizing trend lines and Fibonacci levels. I anticipate that upon opening, Gold will rise approximately 120 pips before reaching and adhering to both the daily trend and the Fibonacci 0.618 level, followed by a retracement.
Setup:
At the Asian market open, aim for a buy up to 2578/9 for an estimated 150 pips before reaching our target level of 2580 and then selling off.
As always best way to enter these trades is wait for break and retest before entering.
Chart is on the 1 hour time frame.
The last two weeks have seen all the swing trades perform successfully, so I'm expecting this one to follow suit.
As always trade safe don't overleverage and as always use a reasonable stop loss
GOLD Will Move Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,715.97.
Considering the today's price action, probabilities will be high to see a movement to 2,656.74.
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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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 70.22 area.
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NZDUSD Is Nearing 0.58400 Key ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58400 support and resistance area.
Trade safe, Joe.
EURUSD Potential Continuation Of The Bearish MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 area, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.