Take a look at our analysis for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.921. Considering the today's price action, probabilities will be high to see a movement to 0.916. P.S Please, note that an oversold/overbought condition can last for a...
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
Hello Friends. How are you? today I wanna publish a new analysis of BNB It's not financial advice. please just read and do based on your strategy. Let me tell you something first. The market moved more than I thought. and it's really strange. when Bitcoin passed 42800 because Bitcoin did not react to this order block. let's not go into details. I used the...
Bitcoin has finally broken below 60k and we are starting to see our bull trend get reversed!
Expecting the price to fall from the supply zone to $1.247 demand zone
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 on a crucial zone of supply 59444. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 53156 level. P.S We...
Hello,Friends! AUD/CHF is trending down which is evident 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends! NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.541 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
Here is our detailed technical review for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2323.122. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2266.939 level. P.S We...
Hello,Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H 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 1.463...
Hello,Friends! NQ1! is making a bullish rebound on the 9H 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 17048.25 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.059 because the pair 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 GBP/USD 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 1.243. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! GBP-CAD went up and The pair is locally overbought So as the pair is approaching A horizontal resistance of 1.7236 A bearish reaction is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38150 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38150 support we will be looking for a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance area. Trade safe, Joe.