Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H 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 75.07...
Here is our detailed technical review for AUDNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.059. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.055 level. P.S We...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.27200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27200 support and resistance area. Trade safe, Joe.
Trading Strategy for XAUUSD: Today, gold prices continue to receive bullish support, briefly recovering to near $2035 as they reach the boundary of a parallel channel. The upward trend is expected to aim for higher levels around the psychological area of $2050 before a subsequent correction occurs after the metal touches the upper limit of the parallel price...
Hello dear friends, today the EURUSD continues to trade stably above the 1.080 level, navigating smoothly within an ascending parallel channel after the pair successfully reversed its prior downtrend earlier this week. Last evening, EUR/USD surged, testing the highest bid price since the beginning of February, before retreating back to the 1.0800 zone. This...
During the weekend, USDJPY failed to achieve any new breakthroughs, continuing to be trapped in a sideways trend and approaching the support level of 51.100 USD. Should the current support level be breached, the next significant support zone for BTCUSDT would be at 49.800 USD, along with a retest of the 89 EMA line as indicated on the chart.
Hello,Friends! We are going short on the AUD/JPY with the target of 98.464 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! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.62 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 USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GOLD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2029.738. Taking into consideration the structure & trend analysis, I believe that the market will reach 2017.553 level soon. P.S Please, note that an...
Here is our detailed technical review for NAS100USD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 17724.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 17470.1...
BTCUSDT has just completed a double top pattern on the 1-hour chart. The price is currently at the support level of 51,100 USD, and the technical outlook leans towards the bears, with the 34 EMA indicating a reversal. The resistance level at 51,440 is forming a convergence zone with the EMA, and I am leaning towards a sell position for today's BTCUSDT trading. Do...
GU gave us great sale opportunities twice this week. As we get ready to close out the week i am looking for a low for the week to be established. so we can open next week with some kind of range we can work with to create a mid week high for another entry next week maybe. We cant predict the price. just move with it.
BTCUSD continues to move horizontally around US $ 51,700 for more than half a day and marks a decrease of 1.05 % in the day, the recovery is barrier below the $ 52,400 resistance and BTCUSDT may have to find the motivation to increase. Newly below the support level of 49,800 USD.
Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line. Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches...
USDJPY has continued its upward trend over the past few days, with prices fluctuating around the 150.23 mark and steadily advancing towards the 152 resistance level. The US Dollar (USD) remains in a concerted effort to attract significant buying interest, contributing further to a daily decline of about 25 pips from the vicinity of the 150.00 level for the...
Hao, you, today EURUSD is trading around 1,082 and still keeps the recovery adjustment on the price channel. However, EUR/USD slipped to the average level before the late breakthrough on Wednesday after the US Federal Reserve (Fed) published the latest minutes to show policy makers to continue. Focus on discount risks.
Been watching this coin deliver the bidniz year after year since the ~$8.00 mark.. I've had good times trading.. In Kuala Lampur.. Bought the second wife there, yeah.. ENTRY: ~$380.00 TP: ~$265.00 Too bad if you're a Yank.. Daddy said you can't trade short, uh-uhuh... Tsk-tsk.. ) // Follow its progression: dub.sh
✅CRUDE OIL went up again To retest the horizontal Resistance of 79.61$ from Where i believe we will see A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅