Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26700 zone. GBPUSD was trading in an uptrend and successfully managed to break it out. Currently, it is in a correction phase in which it is approaching the retrace area at 1.26700 support and resistance zone. Adding a fundamental layer to our analysis, it's essential to...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around the 1.07700 zone. EURUSD was previously trading in an uptrend and successfully managed to break it out. Currently, it is in a correction phase, approaching the retrace area at 1.07700 support and resistance zone. The recent release of US Core CPI data on February...
Gold touched the FIB golden zone and from there looks like retracing. FVG also been filled. I expect 1979 next week
Hello,Friends! GOLD is making a bullish rebound on the 2H 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 1984.223 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the NZD/CHF 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 0.533 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so USD-CAD 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 1.344. ✅LIKE AND COMMENT MY IDEAS✅
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago breakout the 42800 support level, which coincided with the buyer zone inside the upward channel and started to trades near this level. Some time BTC fell to the buyer zone, but at once it backing up, and later price finally rebounded...
Hello,Friends! USD/CHF pair is in the uptrend because previous week’s candle is green, 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 0.865 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! We are targeting the 0.606 level area with our short trade on NZD/USD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
The enduring downward trajectory of the USD appears poised to persist in the coming years and even decades. With a staggering $33 trillion debt load that seems insurmountable, coupled with dwindling confidence from international partners who are divesting from the USD, the currency faces significant headwinds. The inevitable repatriation of these dollars to the...
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago price declined to support 2, which coincided with the support zone, but then it rebounded and started to move up and in a short time reached support 1. After this movement, BTC rebounded and soon fell to support 2 back and even later broke this...
Puts or Sell short at $37.90. Buy to Cover $37.78 or lower.
Take a look at our analysis for GBPNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.080. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.061 level soon. P.S We determine oversold/overbought condition...
Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.863. The above observations make me that the market will inevitably achieve 0.856 level. P.S The term oversold refers to a condition where an asset...
If the Dollar can hold its position we should get a bullish buck for the rest of the first quarter at least. Monitoring price for scalps on the way down on GU.
Personally, I think a lot of banks are going to get hit really hard. WFC is on an edge and it doesn't look good. Here's the chart price targets and trends are marked. If this thing pumps to some of these rejection zones, I'd look to enter short. Who knows, we might already have hit top. The drop from current price to the targets low is around 40% and 60%...
Confirm it before jump in. This can be a Fakeout. Therefore confirm it is a real breakout before you enter. GL
Hello,Traders! EUR-GBP made a rebound From the support of 0.8500 Just as I predicted and went Up nicely but will soon hit A horizontal resistance level From where I think we Will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!