GOLD Will Go Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,629.937.
The above observations make me that the market will inevitably achieve 2,605.275 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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Swing
NZDUSD Will Go Down! Short!
Please, check our technical outlook for NZDUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.635.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.623 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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GBPUSD Will Move Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.338.
Considering the today's price action, probabilities will be high to see a movement to 1.347.
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 Will Move Higher! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.929.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.931 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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Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again.
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 100.412.
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 99.698 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.
Like and subscribe and comment my ideas if you enjoy them!
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 1.116.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.099 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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EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bullish trend on a daily.
In September, the price formed a huge ascending triangle formation
- a classic bullish accumulation pattern.
Your strong bullish signal will be a breakout of the underlined resistance
- the neckline of the pattern.
A daily candle close above that will confirm the strength of the buyers
and a bullish trend continuation.
Next goal will be 1.124 then.
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BITCOIN Is Going Up! Buy!
Here is our detailed technical review for BITCOIN.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 65,826.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 67,078 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!
AUDUSD Will Fall! Sell!
Take a look at our analysis for AUDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.689.
The above observations make me that the market will inevitably achieve 0.676 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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CHFJPY Will Go Lower From Resistance! Short!
Please, check our technical outlook for CHFJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 169.213.
Taking into consideration the structure & trend analysis, I believe that the market will reach 167.705 level soon.
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!
Looking for a resistance breakout on Wayfair.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
NAS100 Will Go Down From Resistance! Sell!
Here is our detailed technical review for NAS100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 20,137.3.
Considering the today's price action, probabilities will be high to see a movement to 19,371.7.
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!
USOIL Will Go Higher! Long!
Take a look at our analysis for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 67.55.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 71.74 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!
EURAUD Will Go Up! Buy!
Please, check our technical outlook for EURAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.618.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.635 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.
Like and subscribe and comment my ideas if you enjoy them!
CADJPY Will Fall! Short!
Take a look at our analysis for CADJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.379.
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 106.107 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.
Like and subscribe and comment my ideas if you enjoy them!
SPX Is Bearish! Short!
Take a look at our analysis for SPX.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 5,722.39.
The above observations make me that the market will inevitably achieve 5,432.48 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!
BITCOIN Is Very Bullish! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 63,659.
Taking into consideration the structure & trend analysis, I believe that the market will reach 72,229 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.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Is Going Down! Sell!
Here is our detailed technical review for EURUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.115.
Considering the today's price action, probabilities will be high to see a movement to 1.110.
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!
NZDJPY Will Move Lower! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 90.996.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.
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!