SOLUSDT continues to experience a significant drop for the third day, trading around the price of 134.18 USD, a decrease of 3.21%. The key support level at 170.00 USD has been breached, and the bearish trend is now favored. Based on signals from short to medium-term time frames, I plan to sell this coin as trading with the trend tends to be safer. What do you...
Hello,Friends! Bearish trend on EUR/NZD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.792. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.644 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 EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the USD-CHF with the target of 0.895 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the GOLD with the target of 2349.654 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
✅GBP_AUD went up to Retest the falling resistance And we are already seeing a Bearish reaction from the line So we will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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Hello,Traders! AUD-USD is trading in a Local downtrend and the Pair broke the key horizontal Level of 0.6458 and the Breakout is confirmed So we are bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.818. Considering the today's price action, probabilities will be high to see a movement to 0.814. P.S Overbought describes a period of time where there has...
EUR/USD continues to decline sharply, trading near the 1.0610 USD level during the Asian session on Tuesday. This downward trend is attributed to the strength of the USD, driven by strong signals of economic growth in the United States. On the 1-hour chart, we can observe that the price is gradually rebounding after a period of steep decline. It is forecasted...
The EUR/USD pair continues to drop sharply, nearing the 1.0610 USD level during the Asian trading hours on Tuesday. This decline is driven by the strong growth momentum of the USD, propelled by pressure from higher bond yields in the United States. From a technical standpoint, the downtrend of EUR/USD remains firmly intact. On the 4-hour chart, the downward trend...
Hello everyone! This Monday morning brought a refreshing climb for GBP/USD, which surged above 1.2450 after hitting its lowest point since November at 1.2426 last week. While the technical indicators still suggest a downtrend, easing geopolitical tensions could potentially extend this pair's recovery phase. As the weekend approached, investors sought safe havens...
Hey awesome folks! This past week, SOLUSDT faced a bit of a rough patch, continuing its downward slide today. While there was a momentary rebound to $155.00 during the early trading hours of Monday, SOLUSDT is still up against several challenges, notably a significant resistance at $169.86. If the bulls can't muster enough strength to break through this...
Gold sideway around the $2,385 level in Tuesday's Asian trading session, with expectations of further rising to $2,400. However, diminishing political tensions in the Middle East and upbeat economic data from China are exerting downward pressure on gold prices. Therefore, the current trend is towards correction, possibly testing the SMA 20 area before resuming its...
Hello everyone, Today, the EUR/USD faced renewed downward pressure, dropping to its lowest since November, beneath the 1.0700 mark. Despite technical indicators suggesting that the pair is oversold, betting on a Euro recovery might be risky, especially with the diverging monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed). It seems...
Hey everyone, curious about the current trend of EURUSD? Today, EUR/USD climbed to near 1.0650, rebounding from a five-month low of 1.0622 reached last Friday. The US dollar has strengthened due to increased buying amid geopolitical uncertainties, which has put downward pressure on this currency pair. The 1.070 support level has been breached and is no longer...
Today, BTCUSDT is showing signs of recovery after a series of steep declines, currently trading around $66,500 with a daily gain of 1.38%. However, it's still amidst a price correction phase and it's unclear if the bullish trend is back, as it remains capped below the resistance level at $67,600. Additionally, the bearish trend still seems favored as the...
Kicking off the trading week, gold prices have rebounded sharply, opening at $2,361 per ounce—a $17 increase from last week's close. This uptick is largely influenced by the escalating geopolitical tensions in the Middle East, boosting demand for gold as a safe-haven asset. Technical charts show that gold remains robust, consistently trading above the EMA 34 and...