GBPJPY Will Fall! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 189.486.
Taking into consideration the structure & trend analysis, I believe that the market will reach 183.143 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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Forecast
AUDUSD Will Move Lower! Sell!
Take a look at our analysis for AUDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.630.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.618 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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BITCOIN SHORT FROM RESISTANCE
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 84,003.04
Target Level: 81,357.30
Stop Loss: 85,763.63
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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EUR/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
The BB lower band is nearby so EUR-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.110.
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CAD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/CHF pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.613.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.851 level area with our short trade on GBP/CAD 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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GBPCAD: Will Start Growing! Here is Why:
The recent price action on the GBPCAD 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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GBPUSD: Market Sentiment & Price Action
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the upward direction.
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NAS100 Will Go Up From Support! Long!
Please, check our technical outlook for NAS100.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 18,411.4.
Considering the today's price action, probabilities will be high to see a movement to 18,773.6.
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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BITCOIN Will Go Lower! Sell!
Take a look at our analysis for BITCOIN.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 84,393.94.
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 81,267.75 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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CHFJPY Will Go Down! Short!
Take a look at our analysis for CHFJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 171.221.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 169.475 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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CADJPY Will Move Lower! Sell!
Please, check our technical outlook for CADJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 103.448.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 102.631 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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GOLD BEARS ARE GAINING STRENGTH|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,101.76
Target Level: 2,970.42
Stop Loss: 3,188.94
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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AUD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
AUD/CAD SIGNAL
Trade Direction: long
Entry Level: 0.880
Target Level: 0.889
Stop Loss: 0.874
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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CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.279 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 CHF/JPY pair.
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NZD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 84.794 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBPJPY: Bullish Continuation is Highly Probable! Here is Why:
The analysis of the GBPJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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GBPNZD: Bullish Forecast & Outlook
Looking at the chart of GBPNZD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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GOLD Is Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,128.13.
The above observations make me that the market will inevitably achieve 3,167.36 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.
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EURUSD Is Very Bullish! Long!
Take a look at our analysis for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.101.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.123 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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USDJPY Is Going Up! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 146.824.
Considering the today's price action, probabilities will be high to see a movement to 149.538.
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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GBPJPY Will Grow! Long!
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 193.194.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 197.049 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!
USDCHF Will Go Down! Short!
Here is our detailed technical review for USDCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.884.
The above observations make me that the market will inevitably achieve 0.881 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!