SILVER Will Go Up From Support! Buy!
Take a look at our analysis for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 29.778.
Considering the today's price action, probabilities will be high to see a movement to 31.980.
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
GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD is trading in a strong bullish trend on a daily.
For the last 2 weeks, the pair was consolidating within a horizontal range on a daily.
With the yesterday's bullish movement, the price successfully violated the resistance of the range.
It confirms the strength of the buyers and indicates a highly probable bullish continuation.
Next resistance - 1.755
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GOLD Is Very Bearish! Short!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,332.010.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,316.142 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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AUDCAD Will Fall! Sell!
Please, check our technical outlook for AUDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.910.
The above observations make me that the market will inevitably achieve 0.900 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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EURAUD Will Go Down! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.635.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.630 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 Higher! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.086.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.093 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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DXY Will Go Higher From Support! Long!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 103.851.
Taking into consideration the structure & trend analysis, I believe that the market will reach 104.925 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.
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GBP/AUD LongMontly Chart neutral. Weekly shows an inverted FVG and we respected the last bullish FVG. Same for the daily chart. We trade above the previous day high.
IF the current 2h candle closes without potentially triggering my proposed entry level AND stays an inside candle as of now, this could be a long for me. Entry around 1.9184. Stop around 1.9167. First TP around current day high at 1.9210. Second TP around 1.9245.
Be aware: The shown CRV of the first entry is only about 1.6. So try to get an entry on a lower timeframe like 15min to reduce your stop and maximise the CRV
AUDCAD Is Very Bullish! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.905.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.908 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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GOLD Is Bullish! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,317.874.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,341.697 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!
SPX500USD Will Move Lower! Sell!
Take a look at our analysis for SPX500USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,294.3.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,215.6 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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EURUSD: Bullish Continuation?! 🇪🇺🇺🇸
I see a classic bullish pattern on EURUSD:
a bullish flag.
After a completion of a bullish impulse, the price started
a correctional movement within.
With a yesterday's bullish movement, the market managed
to break and close above the resistance of the flag and
set a new higher high higher close.
For us, it is an important bullish signal.
I think that the market may keep growing to 1.0921 level soon.
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USD/JPY Short: Two potential IdeasOn montly we had an upmove without FVGs. The previous month showed some rejection, but stayed inside: This gives us potential for a rotation into the middle. The weekly chart is still confined in the big downwards candle and took the previous week low. The current day close is clearly below the previously mentioned weekly low. This move was carried by clear 4h-FVGs. This gives us two options:
Idea 1:
More on the bigger scale. A quick spike in the upcomming 1-2 4h candles with a clear rejection on the latest 4h-FVG would be an ideal trade location for short. I would like to see price around 156.37 and try to get an lower timeframe entry, e.g. on 15-30min. The ideal approach would not show any bullish FVGs on a lower timeframe like 30min.
Idea 2:
More aggressive, since 4h could attract market. But if we build another 30min candle and manage to produce a bearish FVG, we would have the potential for an earlier reversal. In this scenario it would be ideal to close the last bullish FVG beforehand. The 2nd indicated candle should then a rejection on the FVG and could give a good entry. This scenario stays active for me unless we either build more bullish FVGs or go below the current days low.
The first Take Profit, e.g. first half, would be the current days low around 155.95 - be wary to get a small stop for a good CRV. The 2nd half should be trailed.
EURNZD: Waiting For Breakout to Sell 🇪🇺🇳🇿
EURNZD is trading in a bearish trend on a daily.
Currently, the price is testing a key horizontal support.
Its breakout will be an important bearish signal for us.
A daily candle close below 1.762 will confirm the violation.
A bearish continuation will be expected at least to 1.7555 then.
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GBPNZD Is Going Up! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.074.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.082 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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GBPCAD Will Go Up! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.736.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.744 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!
GBPUSD Will Go Higher! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.273.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.281 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!
USDCAD Will Go Higher From Support! Buy!
Here is our detailed technical review for USDCAD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.362.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.367 level soon.
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 Is Bearish! Short!
Take a look at our analysis for AUDUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.663.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.660 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 Will Go Up From Support! 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 key horizontal level 77.11.
Considering the today's price action, probabilities will be high to see a movement to 79.91.
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!
ETHUSD Is Bearish! Short!
Please, check our technical outlook for ETHUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 3,770.2.
The above observations make me that the market will inevitably achieve 3,568.9 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!
DXY Will Move Higher! Buy!
Take a look at our analysis for DXY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 104.664.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.026 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!