Attention Traders, Today's focus is on NZDUSD, where we're observing a potential selling opportunity around the 0.60400 zone. After trading in an uptrend, NZDUSD recently experienced a breakout and is now undergoing a correction phase, edging towards the retrace area near the 0.60400 support and resistance zone. Expanding on our analysis, let's consider the...
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 191.250 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.250 support and resistance zone. Trade safe, Joe.
Dear Traders, As we prepare for tomorrow's trading session, our focus is on GBPUSD, where we're eyeing a potential selling opportunity around the 1.24800 zone. GBPUSD remains entrenched in a downtrend, presently undergoing a correction phase as it approaches the critical support and resistance area at 1.24800. Adding depth to our analysis, let's delve into the...
Dear Traders, As we gear up for the week ahead, our attention zeroes in on EURUSD, where we anticipate a selling opportunity to manifest around the 1.06600 zone. EURUSD continues its downward trajectory, presently navigating a correction phase as it approaches the pivotal support and resistance area at 1.06600. Delving into the fundamental underpinnings, recent...
Traders, In today's trading session, our attention is drawn to US30, where we're closely watching for a potential selling opportunity around the 38800 zone. US30 is currently navigating a downtrend, with a correction phase underway as it nears the critical support and resistance area at 38800. Adding depth to our analysis, it's crucial to consider the broader...
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
Hello,Friends! USD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 5H timeframe the pair is going up. 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 152.223...
Hello,Friends! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. 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 166.264...
Hello,Friends! It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 98.444 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for NAS100USD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 18188.4. Taking into consideration the structure & trend analysis, I believe that the market will reach 17897.1 level soon. P.S Please, note that an...
Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70632. Taking into consideration the structure & trend analysis, I believe that the market will reach 65514 level soon. P.S The term oversold refers to a...
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on...
📈 Exciting News: Gold Analysis Hits Target Successfully! 🚀 I'm thrilled to share that our recent gold analysis has hit its target successfully! According to the MW wave system/strategy, we identified a target for XAUUSD at fib -1.382, suggesting a potential rise to around $2400. Even better, we've seen the price break above key levels at 2424 and 2427, opening...
🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
- DJI is currently encountering strong resistance at 34500. - The psychological significance of this resistance level adds to its importance. - This could be one of those, Go Big or Go home scenerios - In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level. What is...
Another great week to be trading Bitcoin; i hope you guys traded this week because it was a very volatile week to trade.
Hello,Friends! BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 69225 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 BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for DXY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.862. The above observations make me that the market will inevitably achieve 105.500 level. P.S Please, note that an oversold/overbought condition can...