GBPUSD Is Very Bearish! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.291.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.287 level soon.
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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Short
GBPJPY Is Going Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 197.624.
Considering the today's price action, probabilities will be high to see a movement to 191.203.
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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EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 158.543 area.
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NZDUSD Is approaching higher time frames ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59900 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59900 support and resistance area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.29300 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 1.29300 support and resistance zone.
Trade safe, Joe.
EURCAD What Next? SELL!
My dear subscribers,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.5128 pivot level.
Bias - Bearish
My Stop Loss - 1.5169
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.5066
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
HelenP. I Bitcoin will break trend line and fall to support zoneHi folks today I'm prepared for you Bitcoin analytics. If we look at the cart we can see how the price fell firstly to support 2, which coincided with the support zone, and then at once rebounded up. After BTC rose a little, it turned around and fell to the trend line, and then started to grow, making a fake breakout of support 2. Later, BTC in a short time rose to support 1, which coincided with the support zone and even entered to this area, but soon turned around and dropped to the trend line. Soon, the price broke this line and then started to grow below the trend line, until it reached support 1, after which BTC rebounded down again. After the price made a correction, it turned around and quickly rose to support 1, broke this level, and continued to grow to the trend line. When the price reached this line, it broke it and then rose a little higher, but recently turned around and fell to this line. Now, the price is growing near the trend line and I expect that BTCUSDT will rise a little and then drop to the support area, breaking the trend line. That's why I set my goal at 69300 points. If you like my analytics you may support me with your like/comment ❤️
DXY Will Fall! Sell!
Take a look at our analysis for DXY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 103.924.
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 103.688 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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EURCAD Will Go Down From Resistance! Short!
Here is our detailed technical review for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.513.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.509 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!
NZDCAD Will Go Lower! Sell!
Take a look at our analysis for NZDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.833.
The above observations make me that the market will inevitably achieve 0.830 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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AUDCAD Is Very Bearish! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.914.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.910 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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EURUSD: Will Keep Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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BITCOIN BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the BITCOIN with the target of 65,608 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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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H 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 1.506 level.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so USD-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 0.865.
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USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CAD 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 1.373.
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EURCHF My Opinion! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9393 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9361
Safe Stop Loss - 0.9412
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
EURAUD: Bearish Continuation & Short Trade
EURAUD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURAUD
Entry Level - 1.6590
Sl - 1.6680
Tp - 1.6422
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD Set To Fall! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0861 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0824
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK