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NZD/CAD SHORT FROM RESISTANCE Hello, Friends! We are going short on the NZD/CAD with the target of 0.818 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. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
INR has made a major top against USDFall of INR against the USD began in early 1970s, or perhaps late 1960s--we don't know for sure for lack of trading data. Since then, it has depreciated against the USD in crystal-clear 5 legs, or waves according to Elliott Wave Theory (EWT). To validate EWT, there occurred a gigantic gap of 9.23% in July 1991 where third wave is supposed to be--a hallmark of third waves. Furthermore, there's even a divergence between Price and Elliott Wave Oscillator (5/35 MACD) on the Monthly chart--typical of fifth waves. So, what's next then? Considering the time frame of the entire price move till date, I would say that a bear wave of Supercycle degree has just ended and we are looking at a 10-15 year advance in Indian Rupee against the US Dollar . In support of my forecast, INR has just posted a beautiful, unambiguous 5-wave advance in the shape of an expanding diagonal--hallmark of first waves--from 87.972 to 83.7625. If I'm right, price should retreat a bit toward the classic 61.8% level at 86.3396, and then fall hard--and I mean very hard, with a gap--toward the levels below 80, followed by another pause and a small retreat, and another fall, thereby completing a set of 5 distinct waves . Should price follow the path of my forecast to that point, we would have a definite confirmation on hand that a Supercycle bear wave has indeed ended. The final target of this Supercycle bull wave of INR vs. USD? It's too early and too far ahead to hazard a guess, but as per EWT principles, it should be somewhere close to 44. Yes. 1$ = ₹44. I hope I live to see that day. It's going to take a while, till 2040 perhaps, but we'll get there alright.
Short
by akg1249
2
USOIL Is Going Down! Short! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 63.388. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 57.927 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. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
EURUSD Will Go Down! Short! Here is our detailed technical review for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.125. 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 1.114 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!
Short
by SignalProvider
1
AUD/CHF BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! AUD/CHF is trending down which is clear 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.520. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
NZD/CHF BEST PLACE TO SELL FROM|SHORT Hello, Friends! NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.483 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
3
SILVER: Bearish Forecast & Outlook 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 SILVER pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
TRADENATION:XAGUSDShort
by UnitedSignals
1
DXY Will Go Higher! Long! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 100.428. Considering the today's price action, probabilities will be high to see a movement to 102.304. 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
CAD/CHF SHORT FROM RESISTANCE Hello, Friends! CAD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. 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 0.581 area. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USOIL: Expecting Bearish Movement! Here is Why: 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 USOIL pair price action which suggests a high likelihood of a coming move down. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
TVC:USOILShort
by UnitedSignals
2
AUD/CAD BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are now examining the AUD/CAD 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 0.887 level. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EUR/NZD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.890 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
BITCOIN Will Move Higher! Buy! Take a look at our analysis for BITCOIN. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103,231.18. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 107,552.18 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!
TRADENATION:BTCUSDLong
by SignalProvider
1
USDCAD Is Bearish! Sell! Please, check our technical outlook for USDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.393. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.388 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. 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!
Short
by SignalProvider
2
GBPUSD Is Very Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.330. The above observations make me that the market will inevitably achieve 1.314 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
USDJPY Will Move Higher! Buy! Please, check our technical outlook for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 142.756. Considering the today's price action, probabilities will be high to see a movement to 144.697. 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!
Long
by SignalProvider
1