Hello,Friends! CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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! AUD/JPY is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 103.350 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are targeting the 77.96 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.599 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, Brian here! Today, GBPUSD is trading around 1.69, continuing its decline from yesterday. In the short term, this currency pair is forming a cup and handle pattern, suggesting a continued preference for selling. My target is 1.263. What about you? Share your thoughts and ideas for GBPUSD in the comments!
Hello everyone, Brian here! What do you think about the future trend of EURUSD? Looking at the 4-hour chart, EURUSD continues to be under pressure in a downtrend. This currency pair is under the control of the bears, with strong selling pressure since last evening. EURUSD has broken through several key support levels, the most recent being the psychological...
USDJPY is in the process of forming the head and shoulders, I still expect the price to reach 156.67 again!
Hello everyone, Brian here! What are your thoughts on the gold price today? Gold is continuing its downward trend after completing a correction phase. Currently, it is trading around $2329 and is experiencing a significant decline due to the rising U.S. Treasury bond yields and a stronger Dollar following last evening. Additionally, the upcoming PCE report this...
Despite the broad weakening of the US dollar on Monday, the Yen struggled to find solid footing, causing the USD/JPY exchange rate to fluctuate below the 157.00 mark. However, the USD has been steadily appreciating against the beleaguered JPY. While the pair is currently moving within a descending wedge, the technical outlook suggests a potential rise to higher...
This week, the primary factor influencing the Euro's price action will be the preliminary inflation data for the Eurozone for May, set to be released on Friday. This inflation data will offer fresh signals on whether the ECB will extend its rate cut policy into July. Before that, investors will be closely watching Germany's preliminary inflation figures for May,...
Hello everyone, it's Brian! Today, gold prices continue their short-term recovery, with the precious metal consistently creating new support levels. The US Dollar is weakening, and regardless of market sentiment, XAU/USD is trading around $2,360. There was a temporary increase in demand for the greenback at the start of the US session following optimistic...
Hello,Traders! CHF-JPY went up sharply But the pair has hit a Horizontal resistance level Of 172.690 and we are Already seeing a bearish Reaction so we will be Expecting a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
- EMT has been one of our star investments right from its IPO in March 2021. - After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now - Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from...
let's go back a bit to a maximum of 2361 and then continue the way down :) we mustn't forget the main trend is down :) let's go have a nice day
Here is our detailed technical review for CHFJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 172.156. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 170.706 level. ...
Take a look at our analysis for SPX500. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,310.4. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,261.1 level. P.S The term...
Take a look at our analysis for GBPAUD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.916. Considering the today's price action, probabilities will be high to see a movement to 1.904. P.S Please, note that an oversold/overbought condition can last for a...
Hello,Friends! Previous week’s green candle means that for us the NZD/CHF 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 0.547. ✅LIKE AND COMMENT MY IDEAS✅