Hello,Friends! USD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H 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...
After the pullback from previous lows, price has come to a significant level of supply. I am shorting form here 0.6565 targeting lows of 0.6464, Use proper risk management
Hello,Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 21.843 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Previous week’s green candle means that for us the CAD/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 0.644. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2011.203 level. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.705. 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 the way...
Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 103.782. The above observations make me that the market will inevitably achieve 102.868 level. P.S Overbought describes a period of time where there has been a...
Take a look at our analysis for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.952. The above observations make me that the market will inevitably achieve 0.950 level. P.S The term oversold refers to a condition where an asset has traded...
Today's gold prices continue to enjoy support, with an increase to around $2030. Current Situation: The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs. Forecast: A slight pullback towards the trendline's support level is...
During the early hours of Wednesday's trading session, the USD/JPY pair delicately dipped below the pivotal psychological support level of 150.00, mirroring investors' cautious sentiment. This occurred as the US Dollar Index (DXY) further slid to 104.00, amplifying the downward pressure on the dollar. A technical analysis reveals a slight downward trend for...
Today, the GBPUSD pair maintains stability above the 1.2600 level, moving within a price wedge, indicating a potential upcoming breakout from its current trend. Both the short and medium-term outlooks remain favorable for GBPUSD buyers, as evidenced by the current behavior of the two EMAs. The pair is expected to rise after reaching the boundary of the trendline.
Today, the USD/JPY is trading around the 149.90 level, approaching a nearby support level with a predominant sideways movement, tilting the short-term outlook in favor of bearish momentum. In the hourly timeframe, USD/JPY is exhibiting a Symmetrical Triangle pattern and has made a downward breakout. Should the current support be breached by a Double Top pattern,...
Bitcoin is currently trading over 52,000 USD after an increase of nearly 100% in the past six months thanks to the excitement around the launch of Bitcoin exchange funds (ETF) delivered in the United States, along with the needs where funds This brings cryptocurrencies.
✅GOLD has retested the Broken rising support which Is now a resistance and we Are seeing a bearish reaction So I think that a further Move down will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CURDE OIL made a pullback From the horizontal resistance Level of 79$ and then broke The rising support line So we are locally bearish Biased now and we will Be expecting a move down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83800 support and resistance area. Trade safe, Joe.
In today's afternoon session, the price of gold continued its upward trend, reaching $2,030 per ounce, an increase of over $11 per ounce compared to the same time yesterday. This significant rise in the precious metal's price is attributed to China's decision to cut its basic interest rates for mortgages, aiming to rejuvenate the struggling housing and real...
I waited for Tues to play out and make a high. Now that it has been made we are expecting price to continue moving bearish. As we come into the London session we are starting to see signs of that bearish pressure to push it down. We will see if it keeps it up.