AUDCHF: Will Start Falling! Here is Why:
Balance of buyers and sellers on the AUDCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Short
NZDCAD: Bearish Forecast & Outlook
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDCAD pair price action which suggests a high likelihood of a coming move down.
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BTCUSD - Bitcoin short after a pullback to the Center-LineJust a quick short term analysis:
Price opened and closed below the Center-Line.
This is a bad, very bad sign. My trades are to the South from now on.
I expect a pullback to the Center-Line.
A nice short opportunity, down to the red CL.
Further targets would be the white 1/4 line and the L-MLH.
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER 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 30.919.
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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
NZD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.511 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 NZD/CHF pair.
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NQ - Nasdaq is set up to POP or DROP, and here's whyIt's nagging and nagging and nagging at the U-MLH, but this Cheese must be super hard.
If we they are not able to eat through it, open and close above it, then the I'm on to stalk a short.
PTG1 is the 1/4 line
PTG2 is the Center-Line
IF we open and close above the U-MLH, the target is the white Center-Line.
It's simple, clear and there's not more to babble about this opportunity.
GBP/AUD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H 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 1.973 area.
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on EUR/NZD, 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 1.831.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the GBP/NZD 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 2.193 level.
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DXY Will Go Lower! Sell!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 107.703.
Considering the today's price action, probabilities will be high to see a movement to 106.459.
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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USDCAD Is Bearish! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.431.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.413 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 Go Lower! Sell!
Take a look at our analysis for EURUSD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.041.
The above observations make me that the market will inevitably achieve 1.038 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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SUI DAILY First retest of the 1D 200 EMA since September '24, and a fill of the FVG area. A very strong reaction off that level but the overall trend of Lower Highs and Lower Lows signals a bearish trend.
For that reason a golden pocket rejection could be the play if price reacts off that level, SUI would then target a move to fill the wick if breaking it can break under the 1D 200 EMA.
I would look to go long if the Lower High is taken out and 1D 200 EMA is confirmed as support.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83900 zone, EURGBP 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 0.83900 support and resistance area.
Trade safe, Joe.
NZDUSD Is Nearing The Daily TrendHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.57500 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.57500 support and resistance area.
Trade safe, Joe.
SPX500 Is Very Bearish! Short!
Take a look at our analysis for SPX500.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 6,079.06.
The above observations make me that the market will inevitably achieve 5,930.08 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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USDJPY Is Very Bearish! Short!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 154.516.
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 152.426 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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BTCUSD H4 - Short SignalBTCUSD H4
Trying to play ball here on BTCUSD, we are still trading south of $100k which is important, similarly ETH is still trading south of $3000, which is equally as important.
There is scope to see some more selling pressure here on BTCUSD and ETH, which we would hope takes us down to GETTEX:92K again and then potential beyond to the next area of major support.
Lets see what unfolds! We are following along!
US30 H8 - Short SignalUS30 H8
We are yet again approaching that key psychological price level, 45,000 coming into play. We are very close currently, but alerts have been set. Last time this setup came into this 45,000 territory, we sold off an attractive 5R.
Looking to see if this setup can offer something similar again, we would love to see price trade closer to 44,000 this time round.
GBPJPY Is Nearing An Important Resistance With The Trend!!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 192.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 192.500 support and resistance area.
Trade safe, Joe.
CHFJPY The Target Is DOWN! SELL!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 170.90 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 170.21
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