GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,336.38
Target Level: 3,250.04
Stop Loss: 3,393.93
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 5h
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Forecast
CADJPY Is Very Bearish! Short!
Take a look at our analysis for CADJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 105.190.
Taking into consideration the structure & trend analysis, I believe that the market will reach 104.340 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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GBP/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 198.556 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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EURGBP: Weak Market & Bearish Forecast
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell EURGBP.
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EURCAD: Expecting Bearish Continuation! Here is Why:
The recent price action on the EURCAD 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 Will Go Up! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.370.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.378 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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AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the AUD/JPY 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 93.578 level.
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USOIL Will Fall! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 65.603.
Taking into consideration the structure & trend analysis, I believe that the market will reach 59.910 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.
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AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.658.
The above observations make me that the market will inevitably achieve 0.663 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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GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
GBP/CAD SIGNAL
Trade Direction: short
Entry Level: 1.872
Target Level: 1.866
Stop Loss: 1.876
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDUSD: Will Start Growing! Here is Why:
Looking at the chart of AUDUSD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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EURUSD Will Go Down From Resistance! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.177.
Considering the today's price action, probabilities will be high to see a movement to 1.171.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCHF Will Go Lower! 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 approaching a significant resistance area 0.792.
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 0.785 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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AUD/NZD SHORT FROM RESISTANCE
AUD/NZD SIGNAL
Trade Direction: short
Entry Level: 1.079
Target Level: 1.078
Stop Loss: 1.080
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CAD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 0.578 level area with our short trade on CAD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EURCHF: Bullish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCHF pair which is likely to be pushed up by the bulls so we will buy!
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SILVER Will Move Higher! Long!
Please, check our technical outlook for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 3,639.6.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,732.0 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDCAD Is Going Up! Long!
Please, check our technical outlook for AUDCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.895.
Considering the today's price action, probabilities will be high to see a movement to 0.900.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BITCOIN BEARS ARE GAINING STRENGTH|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 106,743.04
Target Level: 99,806.18
Stop Loss: 111,349.12
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/NZD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Bullish trend on GBP/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2.267.
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EURGBP: Will Start Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction.
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GBPAUD: Growth & Bullish Continuation
Balance of buyers and sellers on the GBPAUD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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GOLD Will Grow! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,281.18.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,396.94 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!