USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.441.
Considering the today's price action, probabilities will be high to see a movement to 1.439.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Signals
USD_CAD RESISTANCE AHEAD|SHORT|
✅USD_CAD is about to retest a key structure level of 1.4470
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBP_NZD WILL GO UP|LONG|
✅GBP_NZD will be retesting a support level soon at 2.1900
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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Lingrid | NOTUSDT Potential Buy ZONE as Market Finds a SupportBINANCE:NOTUSDT continues to bounce off the 0.056000 support level, with the price testing this zone three times. This has made the zone below more attractive for potential testing of liquidity. Furthermore, the price trades above the psychological level at 0.050000, which could strengthen this level as a support. The market decline of -82% from its all-time high might attract more buyers. All being thta said, I expect the market to form a rejection candle at support level, followed by a potential bullish run. This could be a sign of accumulation and a potential reversal in the trend. My goal is resistance zone around 0.008350
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EURCAD Will Go Higher! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.476.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY Will Go Up! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 192.558.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 193.417 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD Consolidation: Eyeing a Breakout Above Key Resistance USDCAD is currently trading at 1.443, with a target price of 1.490, suggesting a potential gain of over 500 pips. The analysis is based on the support and resistance pattern, indicating that the pair is holding its main resistance level. A breakout above this resistance level is being anticipated. Currently, the pair is in a consolidation phase, where price movements are relatively limited. This phase often signifies market indecision and can precede significant price action. Traders are closely monitoring the breakout potential, as a breach of resistance could signal strong upward momentum. The technical setup suggests bullish sentiment, with the resistance level acting as a critical price point. If the breakout occurs, it may confirm the continuation of the uptrend. However, traders should remain cautious and consider potential reversals if the resistance holds.
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup
Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum.
The price is currently consolidating within the triangle, nearing a potential breakout point.
Key Levels and Targets
Trendline Resistance at $0.70 this is a critical breakout level to watch.
Breakout Confirmation above $0.70 could lead to a significant upward move.
Strategy
Wait for a clear breakout with strong volume above $0.70 for a bullish entry.
Upside potential will depend on market conditions and momentum after the breakout.
Risk Management
Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones.
Insights
Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
NZD-USD Swing Long! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend but
The pair is locally oversold
And as it is about to hit a
Massive horizontal support
Of 0.5512 we will be expecting
A local bullish rebound and
A further bullish correction
Buy!
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Check out other forecasts below too!
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D and 1W key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
USD-CAD Locally Overbought! Sell!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend but the
Pair is locally overbought so
After the retest of the
Horizontal resistance level
Of 1.4466 from where
We will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
Major Price Movement Incoming for SNAP!Signalist has detected a precise pattern in NYSE:SNAP trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on SNAPs price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.
EURUSD - possible sells with the Data release?Here is our analysis on EURUSD . Possible shorts in play.
As we are anticipating the news release today, we can still assume the TVC:DXY will remain bullish. If the News and Data release is positive for the US Dollar , we could see more downside on the pair. With the new H4 just opening and the previous closing strongly bearish, we can assume that EURUSD will continue going down. Our Entry is sitting at 1.03272 with SL (Stop Loss) at 1.03587 . If we break above our SL we would most likely reverse and this trade idea would be invalidated. Our TP (Take Profit) is sitting at 1.02642 and if broken + the positive news and data release, we could see the price digging even deeper .
PARAMETERS
- Entry: 1.03272
- SL: 1.03587
- TP: 1.02642
KEY NOTES
- EURUSD is bearish.
- DXY (USD) still remains bullish and holds strength against other pairs.
- Positive news for the US could result in even lower prices on EURUSD.
Happy trading!
FxPocket
ORACLE Slowly turning into a long-term Buy again.Oracle (ORCL) gave us an excellent buy signal on our last call (September 18 2024, see chart below):
For the past 30 days it has been on a technical decline, which based on its +2 year pattern, is nothing but the Bearish Leg of the Channel Up. The 1W MA50 (blue trend-line) is the natural Support of this trend but the September - October 2023 Bearish Leg bottomed a little over the 0.382 Fibonacci retracement level.
As a result we expect the stock to turn into a buy by the end of the month or if the 1W RSI hits its 42.70 Support first and initiate the new Bullish Leg, which at first shouldn't be that aggressive.
Our Target is a little below the -0.236 Fib extension at $220.00.
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GBPUSD Ultimate buy signal at the bottom of the 2year Channel UpThe GBPUSD pair brutally reversed this week's early gains and the 1W candle will most likely close in red after making a new Low. The trend has been bearish since the September 23 2024 High and has been accelerated after the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line) rejection in early December.
This is however the ultimate long-term buy opportunity as the price is almost at the bottom of the 2-year Channel Up. On top of that, the 1W RSI is almost on the oversold barrier (30.00), a level intact since October 2022.
As long as the price is closing within the Channel Up, we see a rebound towards the 0.618 Fibonacci retracement level very likely, as it happened in November 2023. Our Target is 1.2950.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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