NG1! BEARS ARE STRONG HERE|SHORT
Hello, Friends!
NG1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 2.013 level.
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Short
GBP/USD SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.265 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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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09150 zone, EURUSD 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 1.09150 support and resistance area.
Trade safe, Joe.
USOIL Will Go Down! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 76.949.
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 70.251 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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GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.275.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.274 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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AUDJPY Is Bearish! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 96.359.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.678 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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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on USOIL, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 74.17.
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EUR/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/USD is trending down which is evident 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.076.
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TON is looking bearish - Good for shorting$BINANCE:TONUSDT (1D CHART) Technical Analysis Update
TON is currently trading at $6.8 and showing an overall bearish sentiment. It is around the support zone, which is looking very weak. The price could break down at any moment. This is a good opportunity for a short trade.
Entry level: $ 6.87
Stop Loss Level: $ 8.6
TakeProfit 1: $ 6.487
TakeProfit 2: $ 6.183
TakeProfit 3: $ 5.753
TakeProfit 4: $ 5.226
TakeProfit 5: $ 4.755
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
CHFJPY ShortThe current weakness in the CHFJPY shows no end.
Opportunity for a trend continuation trade with over 2R potential.
4 hour MACD turns negative on histogram, volume delta negative.
4 hour Value Zone is currently attacked.
Enter Short <= 169.20
OR 4 H Close < 169.50 (Value Zone 4H)
Stop >= 170.35
Target at weekly and monthly levels.
166.50
HelenP. I Bitcoin can fall lower than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, and even broke this level and entered to resistance area. Then BTC some time traded near the 63900 level and then made upward movement, after which at once corrected back to the 63900 level. Next, the price repeated movement up to 70000 points, after which turned around and dropped lower than the 63900 level, breaking it. Then the price continued to decline and quickly fell to the support level, which coincided with the support zone and soon broke the 55000 level and fell to the trend line. After this movement, BTC turned around and started to grow near this line and later broke the 55000 level one more time, after which made a retest and continued to rise. A not long time ago BTC rose to 62800 points but recently started to decline, so, for this case, I expect that BTCUSDT will make movement up to almost the resistance level. Then it turns around and falls lower than the trend line, breaking it. That's why I set my goal at 57000 points. If you like my analytics you may support me with your like/comment ❤️
GBPJPY Will Fall! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 187.942.
Considering the today's price action, probabilities will be high to see a movement to 186.440.
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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CADCHF Will Go Lower From Resistance! Sell!
Take a look at our analysis for CADCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.631.
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 0.626 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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BITCOIN SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 57,382 area.
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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are targeting the 0.511 level area with our short trade on NZD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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GBP/CHF BEARS ARE STRONG HERE|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 1.070 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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GBPUSD: Dovish BoE and Strong DollarHey Traders,
Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area.
The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more cautious approach to monetary policy. This dovish outlook, combined with ongoing economic challenges and recession risks in the UK, is weakening the GBP. On the other hand, the US Dollar is strengthening, driven by the current recession risk USD is considered a safe haven.
This combination of factors supports the likelihood of further declines in GBP/USD as it approaches the 1.27600 zone. We should watch for bearish signals at this level for a potential selling opportunity.
NAS100USD Will Go Down From Resistance! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 17,898.1.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17,009.2 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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LTCUSD Will Go Lower! Sell!
Here is our detailed technical review for LTCUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 58.45.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 54.04 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!
AUDUSD Will Go Down! Short!
Take a look at our analysis for AUDUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.656.
The above observations make me that the market will inevitably achieve 0.651 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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NZDUSD Will Move Lower! Sell!
Please, check our technical outlook for NZDUSD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.600.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.593 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!