Crude Oil - Centerline reached and potential turnNow, CL has reached the Centerline.
From here we either turn, or break the L-MLH, with further decline ahead.
No rush, let the market give us facts.
Short
GBPNZD Is Bearish! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.217.
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 the way down to 2.209 level.
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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USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.896.
The above observations make me that the market will inevitably achieve 0.891 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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SILVER SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the SILVER 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 29.766 level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.614 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 AUD/USD pair.
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The EURCAD currency pair has reached a critical resistance levelThe EURCAD currency pair has reached a critical resistance level at 1.505, signaling an opportunity for selling.
From technical side
This pair has recently encountered strong resistance near the 1.500-1.505 area, where it has failed to break above these levels multiple times.
RSI has consistently been overbought territory above the 70 level. Euro is now overextended and due for a pullback.
From fundamental side
Recent economic data from the Eurozone has shown signs of slowing growth, with inflationary pressures remaining above the European Central Bank's target, potentially leading to a more dovish stance in future monetary policy.
On the other hand, Canada's economic outlook has been more resilient, with solid GDP growth, rising oil prices, and an increasingly hawkish tone from the Bank of Canada.
First Target: 1.498 area being 0.382 retracement level
Second Target: 1.493 area being 0.618 retracement level in conjunction with previous top
USDJPY: Bearish Trend ContinuationHello everyone.
As seen on my chart, im expecting a bearish trend continuation seen on higher timeframes after what I believe could be some stop hunts!!
Used a fib to mark premium and discount zones. I expect price to continue go down once the premium zone is hit.
Feel free to leave your thoughts and feedback in a comment, I would heavily appreciate it.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.600 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.600 support and resistance area.
Trade safe, Joe.
$BITF - Time to BuyFor those of you looking to capitalize on NASDAQ:BITF you may want to add to your position, or start accumulating for the first time.
Posting a fresh idea here for NASDAQ:BITF now that the bottom should be in.
EURCAD My Opinion! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5004
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4918
My Stop Loss - 1.5061
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPAUD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The price is coiling around a solid key level - 1.9973
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9888
Safe Stop Loss - 2.0024
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPNZD: Bearish Forecast & Bearish Scenario
The recent price action on the GBPNZD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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GBPUSD: Bears Will Push
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the downward direction.
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EURUSD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0497
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0474
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NAS100USD Is Very Bearish! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 21,289.6.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 20,988.9 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SILVER Is Going Down! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 32.267.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 30.865 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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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 2,849.355 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Bitcoin(BTC): Sellers Are Dominating / Final Drop Incoming!Finally, we got our breakdown where, after touching 200EMA on the 4-hour timeframe, we had a 10% drop ever since.
This breakdown is not just a liquidity grab, as we can see but a full-scale movement where now our next target is $85K (which is the 200EMA on the 1D timeframe).
Swallow Team
NZD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. 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 0.555 area.
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GBP/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the GBP/USD with the target of 1.243 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.
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BTC CME MMBM is over If we use data like Market Maker for the purchase, then perhaps we have completed it, now MMSM has worked
We see that December was aсamulation, January - manipulation and February - distribution with the completion and withdrawal of monthly liquidity for January, now we are in the zone of immediate inefficiency, 82-88k + emptiness at 77-80k
I will consider NWOG for 23 feb as resistance and a search for a short entry if the price goes there due to weekly inefficiency
BITCOIN/USDT Potential test of the 86k LevelsThe distribution of Bitcoin still in power, building top structure can potentially gets us to 86k Levels.
XRP DAILY XRP close to retesting the 1D 200 EMA for the first time since the US election. For now I can see a few key levels that create a smaller mini range made up of the DAILY RESISTANCE as the top, KEY S/R as midpoint and BULLISH ORDERBLOCK as the low which will coincide with the 1D 200 EMA soon.
- Current price action is extremely volatile so directionally it's difficult to tell where we are goin in the short term, but I would become interested at the extremes of the mini range.
- A LONG entry would be a more gradual revisit of the Bullish Orderblock and the 1D 200 EMA, that would be a great place to go long because the directional bias would be more clear and uncertainty cleared up.
- A SHORT would be a sweep of the supply zone and drop back into the mini range which would aim to go towards the midpoint and then range low/ 1D 200 EMA.
In general the next few days will be volatile, FOMO will be huge but keeping rational is important.
