Here is our detailed technical review for CADJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 112.872. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level. P.S We...
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 on a crucial zone of supply 17914.2. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9...
Please, check our technical outlook for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.472. 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...
Hello,Friends! EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.466 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H 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...
Hello,Friends! The BB upper band is nearby so AUD-USD 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 0.652. ✅LIKE AND COMMENT MY IDEAS✅
Last week, the market had access to a plethora of US economic data, including the FOMC interest rate decisions, non-farm payroll reports, and service sector production data. These reports all indicated that the Fed would maintain the current USD interest rates. The reduced expectations for a rate cut in June meant that gold had to continue its adjustment...
Gold prices (XAU/USD) halted a two-day decline during the European trading session on Monday. Weaker-than-expected US employment reports have raised the likelihood of the Federal Reserve cutting interest rates in September, which weakened the US dollar and boosted the price of gold priced in USD. However, there's concern that easing tensions in the Middle East,...
been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will...
Gold / XAUUSD has potential for a small bullish pump over the next few days; followed by a bearish correction. We have some Buy Signal Momentum currently going; it hasn't ended yet but this current bar is displaying it; this implies now is still considered to be a good time to buy but may not be tomorrow! The buy rating started at 1☆ and is closing at a 2☆; this...
If you haven`t bought AMZN before the previous earnings: Then analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $12.95. If these options prove to be profitable prior to the earnings...
If you haven`t sold MSTR on this potential fair value retracement: Then analyzing the options chain and the chart patterns of MSTR MicroStrategy Incorporated prior to the earnings report this week, I would consider purchasing the 1250usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $120.25. If these options prove to be...
If you haven`t bought QCOM on this support: Then analyzing the options chain and the chart patterns of QCOM QUALCOMM Incorporated prior to the earnings report this week, I would consider purchasing the 170usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $6.50. If these options prove to be profitable prior to the...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone. Trade safe, Joe.
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...
Please, check our technical outlook for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3103.5. The above observations make me that the market will inevitably achieve 2721.1 level. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for AUDCAD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.904. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.902 level soon. P.S Overbought describes a period...