Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.879 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 SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2366.520 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so CAD-CHF 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 0.664. ✅LIKE AND COMMENT MY IDEAS✅
Propose 2 scenarios for BYBIT:LUNCUSDT - first moving up during the 6 months, second is the nearest correction and long after with the good potential in a year. Does not constitute a recommendation. #furoreggs #investing #currency #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view
Please, check our technical outlook for NAS100USD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 18,677.5. The above observations make me that the market will inevitably achieve 18,790.4 level. P.S We determine oversold/overbought condition with...
Looking at the chart of GOLD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 18,905.8. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 20,101.7 level. P.S We determine...
Hello,Friends! We are targeting the 2401.890 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.14. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 82.95 level. P.S Overbought describes a period...
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2,414.246. 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...
Hello,Friends! We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 93.596 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.721 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Take a look at our analysis for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.078. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 level. P.S The term oversold refers to...
Hello,Friends! We are going short on the GBP/JPY with the target of 197.279 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✅
Here is our detailed technical review for AUDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.039. Taking into consideration the structure & trend analysis, I believe that the market will reach 103.300 level soon. P.S The term oversold refers to...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 level. P.S Please,...