Hello,Traders! AUD-CAD went up to Retest the horizontal Resistance of 0.8895 So I am locally bearish Biased and I will be Expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
With the help of the Elliot wave theory and use of fibbonacci levels there is a potentiall downside for some years. It will potentially play out in a doubble zigzag hitting the same pricelevel. If this plays out there is a chance for the price finding support att the 0.7 fib and creating a double bottom, leading to a big reversal and increase of value for BTC/USD.
While I've Done Very Well with Longing Perp and have Longer Term Price Targets Above $20 I see a Correction on the Daily coming For Sure. We have a Huge Head and Shoulders Forming With THE MACD Calling a Sell Signal During the Formation of the Right Shoulder, These are big warning Sign Don't Let Volume Fool You This is Typical To Head and Shoulders as Sellers are...
On the Day Chart we have a Descending Triangle Forming. With the Price Target Aligning Well with the 200 Day MA At 33,000. I'd Expect This Being a Quick Correction As We've Had a Golden Cross on the Weekly Which Can take a Couple Weeks to Really Take Effect, So i'm expecting this to be the last down draw Don't be psyched out this is crypto! We also have the...
Moving Averages Have Crossed Moving Downward and are still going down with no look to be curving back up showing bears have stregnth on that note. The Macd suggested we have a bit of downward momentum coming still We have Buyers Volume Dropping out With Selling Volume Coming in Heavy
We posted a few hours ago a chart to show why we think the dxy will be bullish over the next few weeks. This can be a great opportunity to short an asset showing weakness against the dollar, such as the pound. GDP/USD in a perfect rising wedge where each higher high is increasingly marginal. The rounded top suggests lack of demand and when you couple this with...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago reached the buyer zone, which coincided with the support level, and a short time later EUR broke this level and rose a little higher. But then, the price turned around and fell to the support line, which is located inside the buyer zone. Next,...
Take a look at our analysis for US30USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 37679.9. Taking into consideration the structure & trend analysis, I believe that the market will reach 37164.4 level soon. P.S Please, note that an...
Please, check our technical outlook for EURGBP. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.859. Considering the today's price action, probabilities will be high to see a movement to 0.857. P.S Overbought describes a period of time where there has been...
Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 24.591. Considering the today's price action, probabilities will be high to see a movement to 23.621. P.S The term oversold refers to a condition where an asset has...
Hi folks today I'm prepared for you Swiss Franc analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and at once bounced up and some time traded near. But soon, CHF started to decline and in a short time price fell until to trend line, thereby breaking 0.8695 and 0.8465 levels. After this, the price...
Hello,Friends! The BB upper band is nearby so CHF-JPY 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 166.712. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is in the downtrend because previous week’s candle is red, 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 1.084 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Bitcoin is still dropping and showing further weakness here, even on today's daily candle. Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone). We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time...
We had some major grabs here last week of $45K and $48K. As we already mentioned in our early TA's, we are looking for some liquidity movement of "short squeeze" to happen towards those zones where we got. Upon the "major news" that all people waited for, prices dumped back to as low as FWB:42K , where the weekly candle had almost no bearish wick on the lower...
Hello,Traders! GBP-NZD keeps growing And the pair looks locally Overbought so I think That after the pair Retests the horizontal Resistance of 2.0600 I will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GU has been building up for this drop all week! Closely monitoring price for London open as we have GBP news just before open and USD news just before NY open. I'm thinking we should get a nice swing move to break the low that was created this week.
Hey Traders. in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89300 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance area. Trade safe, Joe.