Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65400 support and resistance area. The recent release of higher-than-expected CPI data in the United States has strengthened the US dollar,...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61550 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61550 support and resistance area.The recent release of CPI data in the United States has significantly influenced the forex market...
Hello,Friends! GBP/CAD is making a bullish rebound on the 1D 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 1.692 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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! EUR/GBP is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello,Friends! We are going short on the NZD/CHF with the target of 0.538 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✅
Here is our detailed technical review for US30. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 38518.0. Considering the today's price action, probabilities will be high to see a movement to 38348.8. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.076. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.074 level. P.S The term...
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 23.143. Taking into consideration the structure & trend analysis, I believe that the market will reach 22.367 level soon. P.S Please, note that an...
Gold price today is trading around US $ 2022 and is worth a significant recovery level since the last time it decreased to 2000 USD. From the chart, precious metals have escaped from the discount channel and conducted an increase, the price can recover up to 2037 USD and higher may be at $ 2055. However, the market information is still less optimistic about the...
NZD/USD is in a overall downtrend from the higher timeframe. It has given equal highs forming a double top on the 2hr. I will be taking the following sell on it: Entry = 0.61443 Stop Loss = 0.61693 25 pips Take Profit = 0.60941 50 pips Lot Size = (0.05)
Looks like the RSI suggesting us that TSLA stock will go down to 140-150$ in upcoming week. Daily chart has bearish hidden divergence, also overbought on Stochastic RSI. If we go down without breaking and holding 211$ the price will be rejected from 200EMA and that would be very bearish signs for Tesla. Weekly chart looks better suggesting we will go back up...
✅NZD_CHF is about to retest a key structure level of 0.5440 Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a...
Price seems to be forming a Head and Shoulders pattern on the 15m tf. price recently made a supply zone (.61500-525) and a choch. price retested the neckline of the "H&S" and went up to retest resistance at .61475 and after forming the choch. we can make a entry on a lower tf when price makes a choch. we can take profit at the next demand at .61250
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1998.299. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! EUR-AUD was trading along The rising support line But now we are seeing A bearish breakout So I think that after the Bullish correction, we will See a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Just waiting for price to make a high for the week so that it can continue with the bearish price action. Sitting on hands waiting for solid confirmation.
✅NZD_USD is going up now But a strong resistance level is ahead at 0.6168 Thus I am expecting a pullback And a move down towards the target at 0.6127 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅