This trade is the start of a fall for SPX. There is a pattern on H4 and multiple signals for us to sell this trade as it is Non-Farm payroll tonight, and I believe it will be the start of an economic crash based on the data and the analysis of the technical side. Stop loss should be above 5020, and the target of 4840
Hello,Friends! GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H 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! We are targeting the 158.850 level area with our short trade on EUR/JPY 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✅
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.340 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! The BB upper band is nearby so USOIL 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 72.58. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for CADJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 109.535. The above observations make me that the market will inevitably achieve 108.510 level. P.S Please, note that an oversold/overbought condition can last...
Hello,Traders! EUR-CAD went up to Retest the horizontal Resistance of 1.4560 From where we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CAD_JPY broke the rising Support and now the pair Is making a bullish rebound And after that I believe We will see a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from resistance 2, which coincided with the resistance zone, and rose until to 1.1135 points, after which the EUR turned around and started to decline. Soon, the price started to decline inside the downward channel, where it in a short time broke resistance 2 and declined to support...
Entered Shorts at 385XX Levels Yesterday. Aim TP1 at the middle moving average line.
Technical Analysis Insight: Detailed analysis of XAU/USD charts reveals key resistance levels and trend patterns. Identification of potential reversal signals and indicators pointing towards a bearish trend. Fundamental Considerations: Examination of current geopolitical and economic factors influencing the gold market. Assessment of inflationary pressures,...
Hello,Friends! Bearish trend on EUR/GBP, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.851. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! AUD/JPY is making a bullish rebound on the 10H 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 97.132 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the SILVER 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 21.986. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are targeting the 90.142 level area with our short trade on NZD/JPY 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✅
Examining Microsoft 's NASDAQ:MSFT 2-hour chart , we see the end of Wave ((v)) at $415, coinciding with a challenging earning call. Currently, we expect short-term support at the Wave ((iv)) level, around $364, and aim to stay above the 61.8% mark of $349. 📉 As we're potentially starting a long-term Wave II, we anticipate finding initial support without a...
Please, check our technical outlook for GBPJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 186.714. Taking into consideration the structure & trend analysis, I believe that the market will reach 185.046 level soon. P.S The term oversold refers to a...
Take a look at our analysis for NZDUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.612. 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...