EURAUD Under Pressure! SELL!
My dear friends,
My technical analysis for EURAUD is below:
The market is trading on 1.6339 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6255
Recommended Stop Loss - 1.6386
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Trading
USDCAD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3887
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3843
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
APPLE Under Pressure! SELL!
My dear friends,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 234.99 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 - 229.05
Recommended Stop Loss - 238.19
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
USOIL Will Go Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 71.62.
Taking into consideration the structure & trend analysis, I believe that the market will reach 73.20 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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EURCAD Will Go Down! Sell!
Here is our detailed technical review for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.499.
Considering the today's price action, probabilities will be high to see a movement to 1.493.
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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NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.965.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 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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EUR/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD 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 1.494.
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S&P 500 Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook:
During this week's trading session, the S&P 500 index exhibited notable weakness by falling below the Mean Support level of 5818 and subsequently establishing a new Mean Support at 5798. This development will likely prompt a decline toward the Inner Index Dip at 5733, with a potential extension to Mean Support at 5700. This support level is critical for enabling a primary recovery and advancing into the next phase of the bullish trend. Furthermore, it is essential to recognize that achieving levels of 5833 and 5700 may result in a rapid upward price reaction.
EUR/USD Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook:
The Eurodollar has experienced persistent bearish sentiment during this week's trading session, demonstrating insufficient strength to initiate any interim rebound. The prevailing selling pressure has lowered the Eurodollar to our Mean Support level of 1.079. A temporary rebound led to the reversal of the previously established Inner Currency Dip at 1.083, which currently stands as Mean Res 1.083 and might serve as the Interim Rebound's first stage. The Euro appears poised for further decline, potentially reaching the inner currency dip of 1.075, which remains notably significant and triggers second stage Interin Rebound to Mean Sup 1.078.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook:
As stated in the Bitcoin Daily Chart Analysis For the Week of Oct 18, the Bitcoin ''Interim Rebound'' completed our Inner Coin Rally of 69300 and retreated to the Mean Support level of 66800 and interim squeeze extension of the Mean Support of 65300 in this week's trading session. Currently, we anticipate the onset of a primary rebound, which is expected to facilitate recovery and further advancement into the subsequent phase of the bullish trend.
XAUUSD Faces Downside Risk as Head and Shoulders Pattern BeginsIn my view, a head and shoulders pattern may be forming on the chart with:
The left shoulder is at the top near $2,755, reflecting initial buying pressure.
The head peak is prominent at $2,740, indicating strong but waning buying pressure.
The right shoulder is forming with a peak close to the right shoulder at $2,755.
If the price breaks below the neckline around $2,721, the pattern will be complete. This could lead to a deeper decline, signaling an approaching downtrend. I will monitor further for confirmation.
NZDJPY Buyers In Panic! SELL!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.89 pivot level.
Bias -Bearish
My Stop Loss - 92.317
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 91.246
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
AUDJPY My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDJPY next move:
The instrument tests an important psychological level 101.08
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 100.37
My Stop Loss - 101.48
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 0.6638 which is
Now a resistance and
As the breakout is confirmed
We will be expecting a
Further move down
Sell!
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Check out other forecasts below too!
EUR/USD resumes lowsAfter bouncing off the trend line that has been in place since October 2023, around 1.0760, the selling seems to have resumed in the EUR/USD today. Price has found resistance right off the 1.0835-40 region. This area has provided some support at the back end of last week, before giving way earlier this week. Once support, it has turned into resistance. From here, the EUR/USD could revisit the trend line and the August low of 1.0777, with the subsequent bearish target being around 1.0700.
The dollar's strong rally in recent weeks and the simultaneous climb in bond yields are clear headwinds for the EUR/USD. Next week is a busy one for the economic calendar with lots of US economic data, and lots of major company earnings all to come ahead of the November 5 US Presidential election in the following week.
It is unlikely that the dollar will sell-off ahead of the election, meaning the pressure is likely to remain on the EUR/USD in the week ahead.
By Fawad Razaqzada, market analyst at FOREX.com
GBPNZD A Fall Expected! SELL!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.1630 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.1480
Safe Stop Loss - 2.1717
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
EURCAD Trading Opportunity! SELL!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.5018 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 - 1.4970
Recommended Stop Loss - 1.5052
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
NZDCHF Set To Grow! BUY!
My dear friends,
My technical analysis for NZDCHF is below:
The market is trading on 0.5199 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5217
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK