Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2029.377. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1946.116 level. P.S The term...
✅AUD_NZD has retested a key resistance level of 1.0833 And as the pair is already making a bearish pullback A move down to retest the demand level below at 1.0800 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CAD-CHF is going up now But a strong horizontal Resistance is ahead at 0.6500 So after the price hits the Level a local move down Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
going to end the week with all positives not trading friday 2pip sl 20pip tp 10rrr real life wizardry
The EUR/USD exchange rate is advancing significantly after two consecutive days of retracement, although a convincing break of the 1.0900 barrier remains elusive at the moment. The prospects for the pair are expected to turn bearish if it sustains a convincing breach of the crucial 200-day moving average, currently at 1.0844. On the upside, the weekly level of...
NVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which...
✅BITCOIN is trading in a Local downtrend and the Coin made a retest of The horizontal resistance Of 40800$ from where I think we will see A bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance area. Trade safe, Joe.
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some days ago started to trades inside the range, where it first made a correction to the 2185 support level, which coincided with the buyer zone. After this movement, ETH bounced from this level and rose to the top part of the range, which coincided with...
Here is our detailed technical review for USOIL. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 74.25. 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...
Take a look at our analysis for US30. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 37933.77. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 37492.88 level. P.S Overbought...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it first declined to $40500 support level, which is located in support area. BTC some time traded near this area, after which it bounced and continued to rise to $45500 resistance level. A short time later...
Hello,Friends! CHF/JPY pair is in the uptrend because previous week’s candle is green, 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 169.798 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
SEI is a project that I have a lot of interest in this bullrun. It boasts the fasted blockchain in the industry and a focus on trading. A v2 upgrade is also on the way, SEI v2 will become the first parallelized EVM blockchain. Staking incentives too with possible airdrops on the network. SEI's price has increased 250% in the last month and the chart suggests a...
Hello,Friends! GOLD is trending down which is obvious 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...
Hello,Friends! USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 145.842 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 USD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the GBP/NZD 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 2.067. ✅LIKE AND COMMENT MY IDEAS✅
There are two scenarios for Bitcoin in the short term : 1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k 2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k The most important area is 45600 which is the midline of the ascending...