USDCHF: Bearish Continuation is Expected! 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 USDCHF chart which, if analyzed properly, clearly points in the downward direction.
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Forecast
ETHUSD Is Very Bullish! Long!
Take a look at our analysis for ETHUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,242.43.
The above observations make me that the market will inevitably achieve 3,718.98 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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GBPUSD Is Going Up! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.239.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.242 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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EURAUD Will Grow! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.667.
Considering the today's price action, probabilities will be high to see a movement to 1.672.
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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USDCAD Is Very Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.438.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.450 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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CHF/JPY SHORT FROM RESISTANCE
Hello, Friends!
CHF/JPY is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 169.820 level.
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SILVER SHORT FROM RESISTANCE
Hello, Friends!
SILVER pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 30.534 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. 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 2.158 area.
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GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the GBP/CHF with the target of 1.112 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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Is This the Bottom? MELANIAUSDT at a Critical Turning PointThe Market is at a Crossroads – What Comes Next?
Twelve days ago, MELANIAUSDT.P stood at its absolute high of $14.496, but since then, it has collapsed an astonishing 87.1%, currently trading near its absolute low of $1.865, which was just set today.
The sell-off has been relentless, but is the market about to reverse? Technical indicators are signaling extreme oversold conditions—RSI(14) at 25.23, deep into the danger zone where price often finds a local bottom. The MFI(60) also hovers at 30.98, confirming weak buying pressure, but with a potential for reversal.
Despite this, the asset remains below its key moving averages (MA50 at 2.115, MA100 at 2.252), meaning bulls have significant resistance ahead. Short-term price action is dominated by volume spread analysis (VSA) patterns, showing alternating waves of aggressive buying and selling.
Is this the moment for buyers to step in, or will we see another leg down before any real recovery? With resistance sitting at $1.988 and $2.086, a breakout above these levels could ignite a rapid short squeeze.
Time is ticking—will the market hold this level, or is another flush-out incoming? Stay tuned.
MELANIAUSDT Roadmap: Tracing the Market's Footsteps
Tracking the Market Moves: Key Confirmed Patterns
The price action of MELANIAUSDT has been a rollercoaster, with alternating surges of buy and sell volume dictating the flow. Let’s break down the confirmed patterns that shaped the recent market landscape.
Phase 1: The Build-Up – Buy Side Takes Control
January 27, 08:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 2.358 | Close: 2.446 | High: 2.55
Buyers stepped in hard, pushing MELANIAUSDT to $2.55, signaling bullish momentum. This pattern held strong as price action followed through.
January 29, 19:00 UTC – "VSA Manipulation Buy Pattern 4th"
Direction: Buy
Open: 2.3 | Close: 2.309 | High: 2.349
The price maintained upward movement, proving the prior bullish pattern was valid.
Phase 2: The Reversal – Sellers Take Charge
January 29, 18:00 UTC – "Increased Sell Volumes"
Direction: Sell
Open: 2.317 | Close: 2.3 | Low: 2.224
Despite an earlier bullish run, sellers regained momentum, pushing prices lower.
January 31, 15:00 UTC – "VSA Manipulation Sell Pattern 4th"
Direction: Sell
Open: 2.086 | Close: 2.105 | Low: 2.086
The sell-off gained further traction as the price failed to recover above key resistance levels.
Phase 3: The Last Stand – Bullish Bounce Attempts
February 1, 00:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 1.935 | Close: 1.936 | High: 2.021
Price briefly bounced, testing $2.021, but lacked follow-through strength.
February 1, 01:00 UTC – "Buy Volumes Takeover"
Direction: Sell
Open: 1.936 | Close: 1.921 | Low: 1.916
Buyers lost the battle, confirming further downside pressure.
What’s Next?
The current technicals suggest we are at a make-or-break point. MELANIAUSDT is hugging its absolute low at $1.865, with resistance lurking at $1.988 and $2.086. The market’s next move will likely depend on whether buyers can reclaim lost ground or if sellers continue to apply pressure.
Stay sharp, watch for volume confirmation, and manage risk accordingly!
Tracking the Market Moves: Key Confirmed Patterns
The price action of MELANIAUSDT has been a rollercoaster, with alternating surges of buy and sell volume dictating the flow. Let’s break down the confirmed patterns that shaped the recent market landscape.
Phase 1: The Build-Up – Buy Side Takes Control
January 27, 08:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 2.358 | Close: 2.446 | High: 2.55
Buyers stepped in hard, pushing MELANIAUSDT to $2.55, signaling bullish momentum. This pattern held strong as price action followed through.
January 29, 19:00 UTC – "VSA Manipulation Buy Pattern 4th"
Direction: Buy
Open: 2.3 | Close: 2.309 | High: 2.349
The price maintained upward movement, proving the prior bullish pattern was valid.
Phase 2: The Reversal – Sellers Take Charge
January 29, 18:00 UTC – "Increased Sell Volumes"
Direction: Sell
Open: 2.317 | Close: 2.3 | Low: 2.224
Despite an earlier bullish run, sellers regained momentum, pushing prices lower.
January 31, 15:00 UTC – "VSA Manipulation Sell Pattern 4th"
Direction: Sell
Open: 2.086 | Close: 2.105 | Low: 2.086
The sell-off gained further traction as the price failed to recover above key resistance levels.
Phase 3: The Last Stand – Bullish Bounce Attempts
February 1, 00:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 1.935 | Close: 1.936 | High: 2.021
Price briefly bounced, testing $2.021, but lacked follow-through strength.
February 1, 01:00 UTC – "Buy Volumes Takeover"
Direction: Sell
Open: 1.936 | Close: 1.921 | Low: 1.916
Buyers lost the battle, confirming further downside pressure.
Technical & Price Action Analysis
Key support and resistance levels define the battlefield for MELANIAUSDT. If these levels fail to hold, expect them to flip into resistance zones, making upside moves harder.
Support Levels:
1.863 (Critical last low, any break could mean fresh downside)
Resistance Levels:
1.988 (Immediate overhead resistance, must break for bullish momentum)
2.086 (Key level, reclaiming it opens more upside room)
3.306 (Far target, but if bulls wake up, it’s the next big hurdle)
Stay sharp, watch for volume confirmation, and manage risk accordingly!
The price action of MELANIAUSDT has been a rollercoaster, with alternating surges of buy and sell volume dictating the flow. Let’s break down the confirmed patterns that shaped the recent market landscape.
Phase 1: The Build-Up – Buy Side Takes Control
January 27, 08:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 2.358 | Close: 2.446 | High: 2.55
Buyers stepped in hard, pushing MELANIAUSDT to $2.55, signaling bullish momentum. This pattern held strong as price action followed through.
January 29, 19:00 UTC – "VSA Manipulation Buy Pattern 4th"
Direction: Buy
Open: 2.3 | Close: 2.309 | High: 2.349
The price maintained upward movement, proving the prior bullish pattern was valid.
Phase 2: The Reversal – Sellers Take Charge
January 29, 18:00 UTC – "Increased Sell Volumes"
Direction: Sell
Open: 2.317 | Close: 2.3 | Low: 2.224
Despite an earlier bullish run, sellers regained momentum, pushing prices lower.
January 31, 15:00 UTC – "VSA Manipulation Sell Pattern 4th"
Direction: Sell
Open: 2.086 | Close: 2.105 | Low: 2.086
The sell-off gained further traction as the price failed to recover above key resistance levels.
Phase 3: The Last Stand – Bullish Bounce Attempts
February 1, 00:00 UTC – "Increased Buy Volumes"
Direction: Buy
Open: 1.935 | Close: 1.936 | High: 2.021
Price briefly bounced, testing $2.021, but lacked follow-through strength.
February 1, 01:00 UTC – "Buy Volumes Takeover"
Direction: Sell
Open: 1.936 | Close: 1.921 | Low: 1.916
Buyers lost the battle, confirming further downside pressure.
Technical & Price Action Analysis
Key support and resistance levels define the battlefield for MELANIAUSDT. If these levels fail to hold, expect them to flip into resistance zones, making upside moves harder.
Support Levels:
1.863 (Critical last low, any break could mean fresh downside)
Resistance Levels:
1.988 (Immediate overhead resistance, must break for bullish momentum)
2.086 (Key level, reclaiming it opens more upside room)
3.306 (Far target, but if bulls wake up, it’s the next big hurdle)
Trading Strategies Based on Rays
The concept of Rays from the Beginning of Movement offers a unique perspective in technical analysis. These rays, built on Fibonacci and geometric principles, help define dynamic levels that guide price movement. Instead of static levels, rays adjust dynamically, ensuring a more adaptive trading approach.
Optimistic Scenario:
If the price interacts with 1.863 and holds, the first target would be 1.988, the second 2.086, and the third 3.306.
Moving Averages confirmation above these levels can signal a continued bullish push.
Pessimistic Scenario:
A breakdown below 1.863 flips it into resistance, opening the path to new lows.
Bearish confirmation via VSA rays and moving averages crossovers would solidify this outlook.
Potential Trades:
Long Entry at 1.863: Targeting 1.988 with a stop below 1.850.
Breakout Trade above 2.086: Aiming for 3.306, stop-loss near 2.000.
Short at Resistance Rejection (1.988-2.086): Stop above the level, targeting previous support.
Watch for interaction with rays before entering trades—these levels define the battleground where market players decide the next big move!
If you have any questions, drop them in the comments! Let’s discuss potential setups, share insights, and improve our trading decisions together. 🚀
Don’t forget to Boost this idea, save it, and check back later to see how price respects the levels I’ve marked—because understanding reaction zones is everything in trading!
My proprietary indicator automatically maps out all rays and levels, but it’s available only in Private Access. If you’re interested in using it, send me a message.
I also provide custom technical analysis on any asset you need. Some analyses I share for free, while others can be private if you don’t want your setup made public. Let’s discuss your request!
Rays work on all assets, and price moves accordingly. If you want a markup for a specific asset, make sure to Boost this post and write in the comments—I’ll do my best to cover it!
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TRUMPUSDT – Ready for a Rebound or Further Decline?Key Moment for TRUMPUSDT: Buy Signal or Last Warning?
The market is at a crossroads, and TRUMPUSDT is no exception. Currently trading at $24.179, this asset has plummeted over 70% from its all-time high of $83.041, recorded just 13 days ago. Such a steep decline begs the question: is this the moment of capitulation, or the perfect time to buy the dip?
Technicals indicate oversold conditions. RSI(14) at 30.9 signals that sellers may be exhausting their momentum, while MFI(60) at 38.1 suggests a potential inflow of smart money. However, the price remains below key moving averages (MA50 at $26.29, MA100 at $27.26, and MA200 at $28.47), meaning a breakout is needed to confirm a trend reversal.
Recent patterns show a battle between bulls and bears. Yesterday's heavy selling pressure pushed the price near its key support at $21.08, but today’s increased buy volume hints at possible accumulation. Resistance stands firm at $26.09—a level that, if broken, could trigger a short squeeze toward higher targets.
The market is offering a challenge: is this the bottom, or will we test lower levels before a major recovery? Will you seize the opportunity, or wait for confirmation?
Roadmap: TRUMPUSDT – A Pattern-Based Guide to Market Moves
1. The Beginning of a Trend – The Sell-Off Cascade
2025-01-27 15:00 UTC – VSA Manipulation Sell Pattern 2nd
Main Direction: Sell
The market signaled a significant downward shift as sellers took control. A confirmation of this bearish movement came shortly after, when price failed to hold support and started a cascade of lower highs.
2025-01-27 16:00 UTC – VSA Manipulation Sell Pattern 1st
Main Direction: Sell
Confirmed the earlier trend as price continued declining, closing below its open and reinforcing downward pressure. This movement set the stage for an even sharper fall.
2025-01-28 00:00 UTC – Increased Buy Volumes
Main Direction: Buy
Despite a temporary buy-in, price action in the following pattern suggested that this was a weak bounce. The asset managed to push upwards but failed to break out significantly, signaling an overall bearish trend remained dominant.
2025-01-28 03:00 UTC – VSA Manipulation Sell Pattern 2nd
Main Direction: Sell
This sell-off confirmed the weakness of the previous buy attempt. The price declined further, aligning with the broader trend, proving that the sell signals were valid.
2. Bullish Recovery: The Market Fights Back
2025-01-29 14:00 UTC – VSA Manipulation Buy Pattern 1st
Main Direction: Buy
This marked the first major attempt at a bullish reversal. The price started to climb, breaking through short-term resistance zones and attracting momentum traders looking for long positions.
2025-01-29 19:00 UTC – Increased Sell Volumes
Main Direction: Sell
Despite bullish attempts, sellers made a strong comeback, leading to another test of support. However, this time, price action suggested exhaustion among sellers.
2025-01-29 20:00 UTC – Sell Volumes Takeover
Main Direction: Buy
Contrary to its name, this pattern actually set up a bullish movement as buyers absorbed sell pressure and pushed prices higher, leading to a confirmation of a bullish trend.
3. The Confirmation Rally
2025-01-30 05:00 UTC – VSA Manipulation Sell Pattern 3rd
Main Direction: Sell
A minor pullback tested the bullish momentum. However, the next sequence revealed that this sell pattern failed to hold, invalidating its significance in the broader market trend.
2025-01-30 13:00 UTC – VSA Manipulation Buy Pattern 4th
Main Direction: Buy
The bulls took full control. A steady price increase confirmed the direction, marking this as a key turning point in the market.
2025-01-30 20:00 UTC – VSA Buy Pattern Extra 1st
Main Direction: Buy
An explosive breakout followed, pushing price action toward a critical resistance level. This confirmed the accumulation phase was over, and a potential bullish continuation was on the horizon.
4. The Final Surge and Market Indecision
2025-01-31 00:00 UTC – VSA Manipulation Buy Pattern 5th
Main Direction: Buy
This was the strongest bullish confirmation yet, as price rallied past key resistance levels and settled in an uptrend.
2025-01-31 07:00 UTC – VSA Manipulation Sell Pattern 1st
Main Direction: Sell
This pattern hinted at a potential reversal, but the market held its ground, suggesting that bullish strength was still dominant.
2025-01-31 09:00 UTC – VSA Manipulation Buy Pattern 3rd
Main Direction: Buy
Final confirmation of an ongoing rally. The price established a higher low, creating a structure that traders could use as a base for further upside moves.
Conclusion: Where Does TRUMPUSDT Go Next?
The roadmap reveals a key transition from a strong bearish phase to a confirmed bullish reversal. With increased buy volumes and multiple successful bullish confirmations, the asset is now poised to challenge resistance levels. However, traders must remain cautious, as future sell signals could indicate exhaustion and another retracement phase. Keep an eye on volume and price structure for further confirmation of the next move!
Technical & Price Action Analysis
Key Levels to Watch
Support Levels:
21.081 – If bulls can hold this zone, expect a bounce. If broken, it flips to resistance.
Resistance Levels:
26.095 – Major test level for bulls. A breakout here can fuel a rally.
54.034 – Long-term resistance. If price reaches this zone, expect a reaction.
What Happens If Levels Fail?
If support zones don’t hold, they become resistance on the next rally attempt. Likewise, failed resistance levels can act as support if buyers step in. Stay sharp, trade smart, and respect the key levels!
Technical & Price Action Analysis
Key Levels to Watch
Support Levels:
21.081 – This is the key support zone where buyers need to step in. If the price holds, expect a bounce and a potential reversal. If this level fails, it flips into resistance, making future upward moves more challenging.
Resistance Levels:
26.095 – The first major hurdle for bulls. A confirmed breakout above this level could ignite a rally. However, if sellers defend this zone aggressively, expect a pullback.
54.034 – Long-term resistance, and a psychological level where significant selling pressure is expected. If price reaches this area, expect strong reactions from both bulls and bears.
Powerful Support Levels:
Currently, there are no confirmed powerful support zones. Bulls must establish strong buying interest to create a reliable foundation for future upside moves.
Powerful Resistance Levels:
No powerful resistance levels have been validated yet. However, if price action struggles at key resistance zones, these areas could become strong walls of sell pressure.
What Happens If Levels Fail?
If a support level fails to hold, it flips into resistance, meaning any bounce attempt is likely to face selling pressure at that same level.
Similarly, if resistance is breached but price fails to hold above, it can act as a trap for breakout traders, leading to a fakeout and a strong rejection.
Price action will dictate the next moves—watch these levels closely and be ready to react accordingly. Stay sharp, trade smart, and respect the key levels!
Concept of Rays: Trading Strategies Based on Fibonacci Rays
Core Idea
My proprietary method is built on Fibonacci-based rays that define dynamic support and resistance levels. These rays predict key zones where price action is most likely to react, either reversing or continuing its movement. The key is to wait for confirmation via interaction with these rays before making a trade decision.
Why Specific Levels Can't Be Predicted
Financial markets are nonlinear and driven by multiple factors—liquidity, market sentiment, and macroeconomic events. Instead of attempting to predict exact price points, this method identifies **high-probability reaction zones** where price action provides clues for trade entries.
How the Rays Work
**Fibonacci Rays:** Each ray is mathematically aligned with the market’s natural rhythm, originating from the beginning of a move rather than extreme points.
**Adaptability:** When new price structures emerge, rays adjust dynamically, setting new interaction zones.
**Directional Guidance:** Ascending rays act as **support** in uptrends, while descending rays form **resistance** in downtrends.
**Moving Averages as Confirmation:** The intersection of Fibonacci rays with **MA50, MA100, and MA200** adds extra confluence for price reaction.
Trading Scenarios
Optimistic Scenario (Bullish Move):
If price interacts with an ascending ray near **21.081 (support)** and bounces with strong volume, this signals an entry for a long trade.
The **first target** is the next ray level near **26.095**, where partial profit can be taken.
If momentum continues, the **second target** is at **54.034**, a major resistance level.
Pessimistic Scenario (Bearish Move):
If price fails to hold **21.081** and breaks below it, this level flips into resistance.
A short trade can be initiated with a **first target** at the next ray intersection.
If bearish momentum accelerates, **the next target would be determined by the descending ray channel.**
Potential Trades Based on These Levels
**Long from 21.081 to 26.095** – Only after interaction with support and confirmation of strength.
**Short below 21.081** – If this level fails, look for a rejection and retest before entering.
**Momentum trade from 26.095 to 54.034** – If price clears 26.095 with volume, this becomes a strong continuation setup.
All these setups work **in conjunction with the VSA rays**, which users can see on their charts. **Entries should only be considered after interaction with the rays and confirmation of the movement’s direction.** Price is expected to move from one ray to the next, making each level a structured target for trade execution.
Let's Trade Smarter Together!
Got questions? Drop them in the comments! I always read them and try to respond to as many as possible. Let’s discuss market movements, key levels, and strategies together—your insights and thoughts are just as valuable as mine.
If you found this analysis useful, don’t forget to hit Boost and save this idea. Check back later to see how the price moves according to my markup—because understanding key reaction points is the real edge in trading.
All my Fibonacci Rays and dynamic levels are automatically plotted using my private indicator. If you're interested in using it, feel free to message me directly for details. It’s available only in Private Access.
Want an analysis of your favorite asset? I can do that! Some charts I publish for everyone, and some traders prefer a personal breakdown. Message me if you need something tailored—there’s always a way to work things out.
Remember, these rays work across all assets, and price consistently respects them. If you want a custom markup for your asset, just Boost this post and drop a comment—I’ll do my best to include it in my next analysis.
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EUR_USD SUPPORT AHEAD|LONG|
✅EUR_USD is approaching a demand level of 1.0340
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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EURUSD: Bullish Continuation is Expected! Here is Why:
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 buy EURUSD.
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US30 Will Go Higher From Support! Buy!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 45,015.5.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 46,667.3 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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USOIL Will Go Up From Support! Long!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 72.49.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 74.21 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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GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 191.954.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 192.882 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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GBPAUD Will Go Down! Short!
Take a look at our analysis for GBPAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.994.
The above observations make me that the market will inevitably achieve 1.958 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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BITCOIN BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the BITCOIN 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 98,358 level.
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EUR/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.942.
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EUR/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on EUR/AUD, 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 1.648.
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EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 159.900.
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