USDCHF Under Pressure! SELL!
My dear subscribers,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8694 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8668
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
Short
USOIL Will Move Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.00.
Considering the today's price action, probabilities will be high to see a movement to 65.47.
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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GBPAUD Is Bearish! Sell!
Take a look at our analysis for GBPAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.973.
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 1.953 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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USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 148.325 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD Will Collapse! SELL!
My dear followers,
I analysed this chart on EURCAD and concluded the following:
The market is trading on 1.5102 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 1.5053
Safe Stop Loss - 1.5130
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
EURGBP The Target Is DOWN! SELL!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8342 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8320
Recommended Stop Loss - 0.8354
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
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2777.4
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2753.4
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08300 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 1.08300 support and resistance zone.
Trade safe, Joe.
EURO - Price can bounce down from resistance area to $1.0680Hi guys, this is my overview for Euro, feel free to check it and write your feedback in comments👊
A few days ago price entered to rising channel, where it rose to $1.1075 level and broke it, after which continued to grow.
Then price made a fake breakout of resistance line of channel, after which fell to support line of channel.
Then it rose to resistance line and then started to decline to support line, breaking $1.1075 level.
Also then, price exited from channel and fell to $1.0840 level, broke it, and declined to support line.
But then it bounced and rose to $1.0840 level, after which recently, EUR turned around and continued to fall.
Possibly, price can grow to resistance area and then bounce down to $1.0680 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold can grow a little and then rebound downHi folks today I'm prepared for you Gold analytics. In the chart we can see how the price declined to trend line and then started to grow inside pennant. In this pattern, price some time rising near trend line and later rebounded to the support zone, which coincided with the support 2. Then price made correction, after which continued to move up and soon broke the support 2, after which rose until to resistance line of the pennant. Then Gold turned around and started to decline and quickly fell to the support 2, which coincided with the trend line and then rebounded. Price made a gap and then exited from the pennant, after which continued to move up to the support 1, which coincided with one more support zone. Soon, Gold broke this level, rose a little and made retest, after a breakout. After this movement, price rebounded and continued to move up, and now trades close 2790 points. So, in my mind, XAUUSD will reach 2795 and then start to decline to 2715 support level, which I set my goal. If you like my analytics you may support me with your like/comment ❤️
DXY Is Going Down! Sell!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 104.138.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.076 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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USDJPY Will Fall! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 153.142.
Taking into consideration the structure & trend analysis, I believe that the market will reach 147.275 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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USDCHF Will Go Lower From Resistance! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.867.
Considering the today's price action, probabilities will be high to see a movement to 0.860.
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 Go Down! Sell!
Here is our detailed technical review for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.080.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.078 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!
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER is making a bullish rebound on the 8H 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 32.380 level.
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so NZD-JPY 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 90.171.
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CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY 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 172.694.
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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.567.
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AUDUSD Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65700 support and resistance area.
Trade safe, Joe.