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CHFJPY Is Very Bearish! Short! Here is our detailed technical review for CHFJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 172.156. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 170.706 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!
Short
by SignalProvider
1
SPX500 Is Going Down! Sell! Take a look at our analysis for SPX500. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,310.4. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,261.1 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!
FOREXCOM:SPX500Short
by SignalProvider
3
USDCAD Will Go Up From Support! Long! Here is our detailed technical review for USDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.362. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.366 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
GBPAUD Will Go Lower! Sell! Take a look at our analysis for GBPAUD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.916. Considering the today's price action, probabilities will be high to see a movement to 1.904. 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!
Short
by SignalProvider
1
DXY Will Go Down! Short! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.719. 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 104.038 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!
TVC:DXYShort
by SignalProvider
1
USDJPY Will Fall! Short! Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 156.951. Considering the today's price action, probabilities will be high to see a movement to 155.554. 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!
Short
by SignalProvider
1
NZDUSD Will Go Up From Support! Long! Here is our detailed technical review for NZDUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.612. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.616 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!
Long
by SignalProvider
1
Dollar Loses Shine as US Economy Shows Signs of CoolingThe tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first time in six weeks. Signs of a Cooling US Economy Several factors are contributing to the cooling sentiment on the dollar. Recent economic reports have indicated a potential slowdown in the US. Growth may be decelerating after a strong 2023, with factors like inflation and rising interest rates potentially impacting consumer spending and business investment. The Federal Open Market Committee (FOMC) has embarked on a series of interest rate hikes to combat inflation. While these hikes are intended to curb inflation, they can also have a dampening effect on economic activity. Businesses may be hesitant to borrow and invest, and consumers may tighten their belts as borrowing costs rise. CFTC Data Reveals Shift in Investor Positioning The CFTC data provides valuable insights into investor sentiment on the foreign exchange market. The data tracks the net long or short positions held by leveraged funds, which include hedge funds and other large speculators, and asset managers. According to the latest CFTC data, leveraged funds still held some net long positions on the dollar last week. However, this bullishness was outweighed by a significant increase in net short positions held by asset managers. This shift in positioning resulted in a combined net short position of $5.36 billion as of May 21st, compared to a net long position of $2.02 billion just a week earlier. Market Implications of the Dollar's Decline A weaker dollar can have several implications for the global economy. It can make US exports more competitive, as they become cheaper for foreign buyers. Conversely, imports into the US become more expensive. This can potentially lead to higher inflation in the US as the cost of imported goods increases. A weaker dollar can also impact other currencies. If investors lose confidence in the US economy, they may seek refuge in other safe-haven assets, such as the Japanese yen or the Swiss franc. This could lead to a strengthening of these currencies relative to the dollar. The Road Ahead: Volatility and Data Dependence Analysts expect currency positioning to remain volatile in the near term. The direction of the dollar will likely hinge on incoming US economic data. Strong economic data could reignite bullish sentiment on the dollar, while further signs of a slowdown could exacerbate the recent decline. The FOMC's monetary policy decisions will also be closely watched. If the Fed signals a more aggressive pace of rate hikes to combat inflation, the dollar could find support. However, if the Fed slows down the pace of hikes or even starts cutting rates in the future, as some analysts predict, the dollar could weaken further. Conclusion The recent decline in bullish sentiment on the dollar reflects growing concerns about the health of the US economy. The CFTC data highlights a shift in investor positioning, with a net short position emerging for the first time in six weeks. The future direction of the dollar remains uncertain and will depend on the trajectory of the US economy and the Fed's monetary policy decisions.
TVC:DXYShort
by bryandowningqln
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2,341.407. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,312.735 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!
OANDA:XAUUSDShort
by SignalProvider
1
EURCAD Is Very Bullish! Buy! Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.482. The above observations make me that the market will inevitably achieve 1.485 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!
Long
by SignalProvider
1
SILVER Will Move Higher! Buy! Here is our detailed technical review for SILVER. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 30.563. Taking into consideration the structure & trend analysis, I believe that the market will reach 31.333 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
1
AUDUSD Will Go Lower! Short! Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.662. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.659 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!
Short
by SignalProvider
2
ETHUSD Will Go Lower From Resistance! Sell! Please, check our technical outlook for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 3,752.5. 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 3,510.9 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!
BITSTAMP:ETHUSDShort
by SignalProvider
2
SPX Is Going Down! Sell! Here is our detailed technical review for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5,304.15. Taking into consideration the structure & trend analysis, I believe that the market will reach 5,178.42 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!
SP:SPXShort
by SignalProvider
1
USOIL Will Grow! Long! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.14. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 82.95 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!
TVC:USOILLong
by SignalProvider
1
DXY Will Go Down! Sell! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 104.533. The above observations make me that the market will inevitably achieve 102.945 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!
CAPITALCOM:DXYShort
by SignalProvider
1
EURJPY Is Bullish! Long! Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. 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!
Long
by SignalProvider
1
CHFJPY Is Very Bearish! Short! Please, check our technical outlook for CHFJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.662. 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 168.922 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!
Short
by SignalProvider
1
SPX Is Going Down! Sell! Take a look at our analysis for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,303.24. Considering the today's price action, probabilities will be high to see a movement to 5,089.73. 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!
SP:SPXShort
by SignalProvider
3
AUDJPY Will Go Lower! Short! Here is our detailed technical review for AUDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.039. Taking into consideration the structure & trend analysis, I believe that the market will reach 103.300 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!
Short
by SignalProvider
1
NAS100USD Is Going Up! Buy! Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 18,905.8. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 20,101.7 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!
OANDA:NAS100USDLong
by SignalProvider
1
USDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for USDCAD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.367. The above observations make me that the market will inevitably achieve 1.362 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!
Short
by SignalProvider
1
USOIL Will Go Lower From Resistance! 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 on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 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!
TVC:USOILShort
by SignalProvider
1