GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,423.03.
Considering the today's price action, probabilities will be high to see a movement to 3,467.03.
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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Forecast
EURUSD Is Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.152.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.163 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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NZDUSD Is Very Bearish! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.601.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.588 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 Down! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.354.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.345 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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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 105.623
Target Level: 104.251
Stop Loss: 106.529
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 2.241 level area with our short trade on GBP/NZD 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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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the GBP/AUD 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 2.078 level.
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AUDCHF: Growth & Bullish Forecast
Balance of buyers and sellers on the AUDCHF 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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NZDUSD: Bearish Forecast & Outlook
The price of NZDUSD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,359.42
Target Level: 3,293.59
Stop Loss: 3,403.13
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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EUR/NZD BEARS ARE STRONG HERE|SHORT
EUR/NZD SIGNAL
Trade Direction: short
Entry Level: 1.914
Target Level: 1.903
Stop Loss: 1.921
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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EUR/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so EUR-JPY 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 164.236.
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USD/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on USD/CAD, 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 1.367.
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DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 98.198.
The above observations make me that the market will inevitably achieve 98.620 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.
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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USDJPY Will Go Up From Support! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 143.827.
Considering the today's price action, probabilities will be high to see a movement to 144.499.
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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GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 194.845.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 199.003 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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SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,640.9
Target Level: 3,428.8
Stop Loss: 3,781.9
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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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CADJPY: Expecting Bearish Movement! 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 sell CADJPY.
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SILVER Will Go Down! Short!
Take a look at our analysis for SILVER.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 3,622.4.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,483.8 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.
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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EURUSD: Bears Will Push
The recent price action on the EURUSD 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.
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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AUDJPY Is Bullish! Long!
Here is our detailed technical review for AUDJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 94.443.
The above observations make me that the market will inevitably achieve 95.104 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.
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!