Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
Hello,Friends! USD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 5H timeframe the pair is going up. 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 152.223...
Hello,Friends! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. 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 166.264...
Hello,Friends! It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 98.444 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✅
Please, check our technical outlook for NAS100USD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 18188.4. Taking into consideration the structure & trend analysis, I believe that the market will reach 17897.1 level soon. P.S Please, note that an...
Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70632. Taking into consideration the structure & trend analysis, I believe that the market will reach 65514 level soon. P.S The term oversold refers to a...
BINANCE:INJUSDT (1D CHART) Technical Analysis Update INJ/USDT is currently trading at $31.12 and the price is currently around its well tested support zone. I'm expecting the price to bounce back from this zone. If this support zone breaks then our trade is invalid. Entry level: $ 32.,49 Stop Loss Level: $ 27.65 TakeProfit 1: $ 36.51 TakeProfit 2: $...
Hello,Friends! BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 69225 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD continues to decline below 1.2500 due to the strong US dollar and political tensions in the Middle East. This not only puts pressure on the British pound but also weakens the UK economy, causing instability in the currency market. Furthermore, the price has broken through the trendline, indicating that the downward trend of this currency pair is becoming...
Please, check our technical outlook for DXY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.862. The above observations make me that the market will inevitably achieve 105.500 level. P.S Please, note that an oversold/overbought condition can...
Short-term Trading on ETHUSDT: From what I've observed on the ETHUSDT chart, it's currently forming a triangle pattern that's gearing up for a breakout. I plan to buy once the breakout occurs. How about you? Do you think it might move in the opposite direction instead?
Here is our detailed technical review for NZDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.546. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon. P.S Overbought describes a period of...
The EUR/USD currency pair continues its downward trend following the release of CPI inflation data, with prices dropping to 2,700 USD during the European trading session on Friday. The CPI inflation data release caused the US Dollar (USD) to strengthen significantly, putting downward pressure on this currency pair. This has raised concerns among investors about...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46800 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46800 support and resistance area. Trade safe, Joe.
Hello, dear friends! Yesterday, gold faced some challenges amid the strengthening dollar. Nonetheless, it remained a focal point of interest among international investors. After dipping to $2,330 an ounce, gold made a swift comeback within just 20 minutes, climbing back close to its previous price at $2,345 an ounce, and stabilized around $2,336 by the time of...
EUR/USD SELL 1.0686 Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. SL 1.0782 TP1 1.0606 TP2 1.0511 If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
On Friday morning in the Asian session, GBP/USD remained low around 1.2550. Expectations that the Bank of England might cut rates before the U.S. Federal Reserve are weighing down on the British Pound and the currency pair. Indicators are trending downward, and a bearish crossover between the EMA 34 and 89 is adding pressure to the pair. UK Industrial Production...
Hey folks, so here’s the scoop on EUR/USD: This Friday in the early Asian trading session, the pair was trending down, hovering around 1.0728. There's a bit of a modest recovery happening with the U.S. dollar (USD), especially with all the chatter about the Fed potentially cutting rates in September, and that's really putting some pressure on this major currency...