USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 1.411 area.
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Forecast
USD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are going long on the USD/CHF with the target of 0.895 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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GBPNZD: Weak Market & Bearish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down.
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CADJPY: Bearish Continuation is Expected! Here is Why:
The price of CADJPY 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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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
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AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 92.334 area.
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NAS100USD Will Move Lower! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 19,535.5.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,253.5 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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GOLD Is Bearish! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,913.555.
The above observations make me that the market will inevitably achieve 2,859.750 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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EURUSD Is Very Bullish! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.090.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.100 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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GBPCHF Will Go Up From Support! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.132.
The above observations make me that the market will inevitably achieve 1.137 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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BTC Major Pullback - Before Huge Upside PotentialI anticipate a significant retracement in Bitcoin over the next 12 to 24 months. If the price falls below $50,000, it may decline further to around $25,000, followed by a period of consolidation.
Renewed interest from new investors and institutional funds could ignite the next bull run.
What are your thoughts?
USDJPY: Will Start Growing! Here is Why:
The price of USDJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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EURJPY: Growth & Bullish 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 buy EURJPY.
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SPX Will Grow! Long!
Here is our detailed technical review for SPX.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 5,770.40.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,863.87 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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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 67.18.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 70.05 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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EURJPY Will Go Down From Resistance! Sell!
Please, check our technical outlook for EURJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 159.715.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 156.155 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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SPX500USD Will Move Lower! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,757.1.
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 5,713.4 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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GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
GOLD is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2,920.193 level.
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NZD/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so NZD-USD 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 0.556.
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GBP/USD SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.268.
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USD/JPY BULLS WILL DOMINATE THE MARKET|LONG
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USD/JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 150.469 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USD/JPY pair.
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Avalanche (avax)Avax usdt Daily analysis
Time frame daily
As you see on the chart , if decrease of avax stops on 17.5 $ the pattern (double bottom)will create.
So we will see the end of decreasing and avax will reach to 25$
On the other hand , if price breaks down and reach 15 EURONEXT:OR less , this pattern will failed
BTCUSD: Forecast & Trading Plan
The recent price action on the BTCUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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NAS100USD Will Go Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 20,175.5.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,410.0 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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