EURUSD Will Move Lower! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.116.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.113 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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Currency
AUDCAD Is Bearish! Sell!
Take a look at our analysis for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.924.
The above observations make me that the market will inevitably achieve 0.921 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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USD/JPY Analysis: Support in PlayUSD/JPY is currently trading just above a significant support level.
We could see a potential bounce from here, leading to upward movement.
However, if the price breaks below this support, it might retest the next support level below.
This area is critical, as it could set the stage for the next move. Watch for price action
confirmation to determine the direction.
US30 Is Very Bearish! Short!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 41,801.97.
Taking into consideration the structure & trend analysis, I believe that the market will reach 40,853.86 level soon.
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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USOIL Is Going Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 71.72.
Considering the today's price action, probabilities will be high to see a movement to 68.16.
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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USDJPY Will Fall! Short!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 142.372.
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 139.871 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.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP Will Go Higher From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.841.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 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.
Like and subscribe and comment my ideas if you enjoy them!
DXY Will Go Up From Support! Buy!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 100.719.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.379 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 Will Go Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,574.53.
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 2,546.89 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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GBPUSD Will Go Down! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.324.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.310 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY Will Move Lower! Sell!
Here is our detailed technical review for GBPJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 187.889.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 186.021 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.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP Is Going Down! Sell!
Here is our detailed technical review for EURGBP.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.843.
Considering the today's price action, probabilities will be high to see a movement to 0.840.
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.
Like and subscribe and comment my ideas if you enjoy them!
USD/JPY Price Analysis (1H)The price of USD/JPY is currently approaching a support level and could be setting up for a pullback. If it bounces off this support, we could see a potential upward move. However, if the support is broken, the next target could be the next support level
Key scenarios to watch:
If the price bounces back from the support, it may signal a reversal.
If the price breaks out below the support, it could move toward the next support level.
Let’s monitor closely and see how it develops!
SPX500USD Is Bullish! Long!
Take a look at our analysis for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 5,676.2.
The above observations make me that the market will inevitably achieve 5,784.8 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Is Very Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 30.847.
Taking into consideration the structure & trend analysis, I believe that the market will reach 30.212 level soon.
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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AUDCAD Will Fall! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.918.
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 0.915 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY Will Go Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 184.411.
The above observations make me that the market will inevitably achieve 185.422 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.
Like and subscribe and comment my ideas if you enjoy them!
DXY Will Go Up From Support! Buy!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 100.844.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Will Go Higher! Long!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,585.002.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.112.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.119 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level.
If the price breaks above this resistance, it could signal a potential bullish breakout.
Next Target: After the breakout, the next key resistance level becomes the target.
Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario.
A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level.
Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal.
Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
USD/JPY Bearish Setup: Anticipating Rejection at Resistance Hello traders! Today, I’m taking a closer look at the USD/JPY pair on the 1-hour time frame, where I’m anticipating a potential bearish move.
Here’s my plan:
Resistance Level: a key zone where it has previously reversed. If the price tests this level again, I’ll be watching for a potential rejection.
Reversal Signals: I’ll be paying close attention to bearish candlestick patterns, such as shooting stars or bearish engulfing patterns, to confirm that the resistance is holding and selling pressure is building.
Momentum Check: I’ll also monitor the overall market momentum. If the upward movement starts losing steam near the resistance, this could be an early sign of a potential reversal.
Risk Management Strategy: To manage my risk, I’ll place a stop loss slightly above the resistance level, protecting against a potential breakout.