Hello,Friends! AUD/USD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of...
Hello,Friends! The BB upper band is nearby so USOIL 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 72.58. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for CADJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 109.535. The above observations make me that the market will inevitably achieve 108.510 level. P.S Please, note that an oversold/overbought condition can last...
EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Here is our detailed technical review for GBPCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.091. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 level. P.S The term oversold...
Please, check our technical outlook for AUDJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 95.738. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 97.142 level. P.S Please, note that an...
Here is our detailed technical review for NAS100USD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 17234.0. Considering the today's price action, probabilities will be high to see a movement to 17498.4. P.S We determine oversold/overbought condition with...
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✅AUD_NZD is already making A bearish pullback from the Horizontal resistance of 1.0756 From where I think we will See a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅NZD_JPY broke out of The narrowing wedge pattern And the breakout is confirmed So we will be expecting A bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-CAD went up to Retest the horizontal Resistance of 1.4560 From where we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! DXY broke out of the Bearish wedge pattern Which makes us bearish Biased and I think that We will see a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BUY ABOVE - 21740 SL - 21670 TARGETS - 21810,21860,21920 SELL BELOW - 21670 SL - 21740 TARGETS - 21580,21530,21470 NO TRADE ZONE - 21670 to 21740 Previous Day High - 21810 Previous Day Low - 21670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46760,47000 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46300 Previous Day Low - 45660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
The Federal Reserve ended its first meeting of 2024 with a decision to leave interest rates unchanged. The FOMC also abandoned its tightening stance but said it would not consider cutting borrowing costs. Chairman Powell said that officials are not confident enough in the data to pivot at the next meeting. Although the possibility of a rate cut in March has...
✅CAD_JPY broke the rising Support and now the pair Is making a bullish rebound And after that I believe We will see a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-NZD is trading along The rising support and Will soon retest it again From where I will be Expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The hourly timeframe, like the daily timeframe, is in a long context. There are plenty of targets above. Tomorrow, I plan to work in the long context after the formation of the Asian session. P.S.: Posted a potential short position earlier today, but the price didn't conform to the model on lower timeframes, so any position opening was missed.