Expecting Lower EURO and higher Dollar Risk OFF Scenario Dollar UP other foreign Currencies Down Focus down on SELLSIDE
Hello,Friends! Previous week’s green candle means that for us the GOLD 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 1935.459. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for USDCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.356. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.348 level. P.S The...
Hey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the...
Hello,Traders! DXY is trading in a downtrend And the index broke a wide Horizontal key level around 103.000 Which is now a resistance so as the Price is about to retest the Resistance we will be expecting A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We see a good potential for retracement from the major resistance zone at approximately $79, which is currently being tested. The RSI is hovering near overbought territory, indicating potential for a price pullback. So with that being said, we are aiming here for three major zones. We have displayed three key support levels: the first support at around $53,...
Hello,Friends! NQ1! pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 16158.75 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! USD/CHF 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...
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 67.65 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Take a look at our analysis for NG1!. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.468. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.366 level. P.S Overbought...
The market is very overbought. Pullback is a matter of time. As Christmas holiday is coming not sure if it happens in Dec or beginning of Jan. 4330 previously was a strong resistance so I’m expecting this it become strong support durrring market correction.
✅AUD_CAD price grew again to retest the resistance of 0.905 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD is trading in a Strong uptrend but the Pair will soon hit a horizontal Resistance level of 1.1016 From where I will be expecting A local bearish correction Because the pair is overbought Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Election time come 2020 will decide the sustainability of the markets momentum a recent pullback seem to have been opportunity for some folks to upsize short sellers await a SPIKE or abrupt EXHAUSTION as sign of resetting back to 3k levels
Hi! NATGAS is pretty bearish, reading about a warm December, at least in the US, and overproduction. (reading headlines at naturalgasintel.com). So, I'm expecting price to break down at the test of this trendline, which could be a good opportunity to SHORT on this one. Have a great week ahead, and please comment if you have something good to add. Best...
Hey Traders, in the coming week we are monitoring EURJPY for a selling opportunity around 156.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 156.500 support and resistance area. Trade safe, Joe.
Hello,Friends! We are now examining the US30 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 33571 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so AUD-USD 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 0.653. ✅LIKE AND COMMENT MY IDEAS✅