EURUSD Is Very Bearish! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.093 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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Short
HelenP. I Gold will make correction movement, after impulse upHi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line and at once rebounded and quickly rose to support 2, which coincided with the support zone. Soon, XAU broke this level and then made impulse up to support 1, which coincided with one more support zone, but when it entered to this area, it at once turned around and dropped to the trend line. Then the price broke this line and fell to the support zone, after which turned around and rebounded up higher than the trend line to support 1. But later, the price dropped back, breaking the trend line one more time, after which it almost declined to support 2 and then started to grow. In a short time, the price rose to support 1, broke it and some time traded inside the support zone, but then fell a little below. A not long time ago Gold repeated movement up, broke the support level again, and the trend line later too. At the moment, I expect that XAUUSD will rise a little more and then make a correction movement to the support level, breaking the trend line again. For this case, my goal is a 2465 support level. If you like my analytics you may support me with your like/comment ❤️
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,437.503 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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GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the GBP/CHF 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 1.084 level.
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EUR/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CHF 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 0.941.
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8.18.2024 Weekly Pre-Market Analysis S&PThis is my Weekly Pre-Market Analysis on the S&P>
Right now we are going to wait for market structure to form.
We saw lower highs and higher lows form on Friday after the last bullish move up. So we do not have a clear direction as to which way if may head.
We have a plan for a SHORT position as well as a plan for a LONG position.
We just need to watch the LOWS & HIGHS form on the 15 minute chart, before we even think of getting into a trade.
8.18.2024 Gold Extended To ATHsGold has extended to all time highs. It has broken through out top zone, so we no longer have a top zone as resistance.
Drew a channel on the chart that it may turn at. We will need to see a change in structure (Lower Highs/Lows) in order to short it, back to out previous zone it had broken.
NQ1! BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NQ1! is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 17,296.75.
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EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 155.714 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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DJI Will Fall! Short!
Take a look at our analysis for DJI.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 40,668.09.
The above observations make me that the market will inevitably achieve 40,100.63 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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GBPUSD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.293.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.292 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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NZDJPY Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 90.800 zone, NZDJPY 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 90.800 support and resistance area.
Trade safe, Joe.
AUDUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67500 zone, AUDUSD 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 0.67400 support and resistance area.
Trade safe, Joe.
SILVER Will Go Lower! Short!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 29.041.
Considering the today's price action, probabilities will be high to see a movement to 27.071.
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!
GBPCAD Will Move Lower! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.768.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.760 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!
NG1! SHORT FROM RESISTANCE
Hello, Friends!
NG1! pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H 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 1.857 area.
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EUR/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.494 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 Approaching The Weekly TrendHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10900 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10900 support and resistance area.
Trade safe, Joe.
NZDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83 zone, NZDCAD 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.
Trade safe, Joe.
GBPCAD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7681
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 - 1.7603
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