Hello,Friends! We are going short on the USD/CHF with the target of 0.856 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✅
Hello,Friends! We are going short on the EUR/CHF with the target of 0.937 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✅
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the EUR a few days ago rising inside the upward channel, where it even made a fake breakout, but after this price turned around and made an impulse up to the 1.0785 support level. After this, the Euro broke this level, thereby exiting from the channel and started to...
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 approaching a key horizontal level 22.715. Considering the today's price action, probabilities will be high to see a movement to 21.101. P.S The term oversold refers to a condition where an asset...
Here is our detailed technical review for AUDCHF. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.571. The above observations make me that the market will inevitably achieve 0.568 level. P.S Overbought describes a period of time where there has...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price bounced from $2005 level, it declined to $1980, but then XAU entered to wedge and started to rise. Gold in a short time broke $2005 level, and rose to resistance line of wedge, after which price made correction. Next, Gold made upward impulse to...
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line. But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level. Later price exited...
Everything is in place for GU to start moving bearish. At this point we wait for London session and look for all the stars to align.
Whoever made the call about 48k before tanking was pretty accurate. Not exactly certain where it'll come down to, but I'm confident it'll get at least below 40k. Come'on little BitCoin!
Sell from the current level down to a TP of $0.9150 Enjoy.
Hello,Friends! GOLD 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.865 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so EUR-NZD 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 1.758. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 103.247. Considering the today's price action, probabilities will be high to see a movement to 102.672. P.S Overbought describes a period of time where there has...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to upward pennant, it at once bounced from support line and rose to $1.0845 level. Soon, Euro broke this level, which coincided with support area, and rose to $1.1005 level, but at once made correction from it. After correction, Euro made a...
There is a pattern on M15 and M30; this trade is with the H4 trend and should fall to the bottom as it is the start of the week, and markets tend to weaken when the week starts. Stop loss should be 30 pips with a target of 50-60. This is a quick trade as there is a lot of support below, and it should strengthen after falling.
Last weeks high: $43584.42 Last weeks low: $41935.80 Midpoint: $40287.19 With the BTC sell off underway post ETF approval, we start the week hovering just under the previous weeks low of 41.5k. This area is the key S/R zone in my opinion and for now it looks like BTC bulls are struggling to reclaim that level. I previously stated in the last weeks...
GOLD may continue its decline as the metal is loaded on the resistance side. Bears are a bit stronger than buyers at the moment. The market continues to test support areas, which in all likelihood may lead to a decline in the medium term Reasons for further declines: 1) Downtrend 2) Dollar support, index is rising 3) Price is not updating highs, but updating...