GOLD Will Go Higher From Support! Long!
Please, check our technical outlook for GOLD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,639.504.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,649.727 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!
Forecast
AUDUSD Will Go Up From Support! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.621.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.633 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!
EURAUD Will Go Lower! Sell!
Take a look at our analysis for EURAUD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.657.
The above observations make me that the market will inevitably achieve 1.633 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!
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 28.654 level area with our short trade on SILVER 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.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.556 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
US30 Will Go Down! 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 42,499.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 40,967.2 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!
USOIL Will Move Lower! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 72.837.
Considering the today's price action, probabilities will be high to see a movement to 68.454.
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!
NZDUSD Is Bearish! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.560.
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 0.555 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!
GBPJPY Is Very Bearish! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 194.994.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.442 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!
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on GOLD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 2,576.872.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF SHORT FROM RESISTANCE
Hello, Friends!
NZD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.502 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 NZD/CHF pair.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.798 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBP/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
GBP/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.023 area.
✅LIKE AND COMMENT MY IDEAS✅
Ethereum Eth usd daily analysis
Time frame 4hours
Risk rewards ratio =2 👈👌
Technical analysis 👇👇
As you can see in the chart, Ethereum has formed a double top(peak) pattern.
The distance from the top to the bottom has dropped by about 14%.
So, according to the double top pattern, we should have the same amount of drop from the bottom of the second peak. -14%again.
This Ethereum price decline has ended with a support level. (Dark blue box )
👉Which is a very important point.👈
On the other hand, according to Elliott wave counting, the 3-point correction wave has also ended and Ethereum is starting an impulse wave. ✔️
There is also news about the start of the Alt-Season, and we know that one of the factors for the start of the Alt-Season is negative sentiment towards the market.📉📉
and now most analysts and traders expect a price decline, which can be good news for buyers.👌👍
AptusApt usdt Daily analysis
Time frame 4hours
Risk rewards ratio >1.8 👈👌
Technical analysis 👇
After a correction, ApTuS is gathering energy to start an upward movement.🕰🕰
The price has fallen to the gray uptrend line.
This gray line, which acts as a support, as well as another support level marked in dark blue on the chart, have created very strong support.
According to Elliott Wave Analysis, the three-point Elliott wave pattern has ended and we are now ready to start the impulse waves.
The volume chart gives us signs that an accumulation is forming in this area.
We conclude that, considering the three factors mentioned above,
1. The price is in a strong support area,
2. The Elliott wave correction has ended, and 3. Volume chart shows an accumulation area
👇👇👇👇
Based on this, we conclude that the right point and time for a price will increase and good Risk rewards ratio ~2 for traders 👌
Doge(based on NEo wave)last counting failed but there is these 2 bullish scenarios for doge and I think soon we will see a dog which can fly!
one of the ways is complex corrective wave which contains WXY waves and the other one is triangle with ABCDE waves.
in short term the bow tie diametric with G wave (which is not formed yet), I prefer to buy more on G wave.
NZDJPY: Forecast & Trading Plan
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the downward direction.
❤️ Please, support our work with like & comment! ❤️