A: Find a new resistance, volume was high too B: Test and failed the resistance C: Attemp to break but it won't even be near D: Fail at the support zone E: Break heavily with a high volume F?: It could be a pullback to the break to immediatly continue failing to the next support zone
as shown on the chart NASDAQ:AMD reached to a fair price to enter right now and I think it is going to reverse up soon ,so i am buying AMD now now at 108.9 and my target in mid term is 125 and the final target at 156 . What do you think? Please, comment on what's you opinion
USDCAD is in a big downtrend. Some resistance has already been shown in the big zone. USDCAD will most likely see a rejection around this level and could be making news lows soon after. I will be looking for short positions today and tomorrow. Let me know what you think!
Hello,Friends! EUR/CAD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.460 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on EUR/USD right now from the resistance line above with the target of 1.072 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✅
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 2H 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 144.303...
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.352 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1989.453. 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 USDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.357. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.349 level. P.S Overbought...
Please, check our technical outlook for GBPNZD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2.055. 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...
Gold is in a fierce downtrend and I am looking for more movement down. If gold gets rejected in this zone one more time I expect a reversal and a new low today! If that happens I will be looking for short positions! Their will be news coming out so watch out! Let me know what you think!
Hello,Traders! CAD-CHF made nice bullish Move up but a strong Horizontal resistance is ahead At 0.6494 from where I think We will see a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello Traders, Bitcoin has successfully reached all our specified targets, and the EthUsd pair has achieved maximum profit levels, as accurately predicted months ago. Now, the next likely scenario is either acceptance within the current range with a subsequent bearish pullback, providing an opportunity for another upward movement from discounted levels. Our...
In my analysis of the USD/JPY pair, the technical setup currently indicates a bearish trend, with the price action recently breaking through key support levels, which could potentially become resistance. My interpretation of the chart suggests caution as the downtrend may persist. However, fundamental factors such as central bank policies, economic indicators, and...
Gold started it's first day of the week with a big drop. I expect gold to keep dropping this week until the big support zone around the price of 2016.00
CADCHF resistance zone! Looking for short position here and for price to drop to the next support zone!
Hello,Traders! NZD-CAD broke the key Horizontal level of 0.833 And the breakout is confirmed So I am locally bearish biased And I think that the pair Will go further down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! We are going short on the US30 with the target of 33331 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✅