USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 69.37
Target Level: 70.64
Stop Loss: 68.53
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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Forecast
CAD/JPY SHORT FROM RESISTANCE
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 104.075
Target Level: 101.220
Stop Loss: 105.968
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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AUD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 93.929 area.
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GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
It makes sense for us to go long on GBP/AUD right now from the support line below with the target of 2.061 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBP/NZD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/NZD 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 2.264 level.
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GOLD Will Go Down From Resistance! Short!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 3,118.23.
The above observations make me that the market will inevitably achieve 3,093.41 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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NZDCHF: Will Start Falling! Here is Why:
The recent price action on the NZDCHF 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.
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EURUSD: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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SILVER Will Go Higher! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 3,378.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,425.6 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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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.253.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.277 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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BITCOIN BEARS ARE GAINING STRENGTH|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 84,174.20
Target Level: 80,643.17
Stop Loss: 86,519.44
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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CADCHF: Bullish Forecast & Bullish Scenario
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 CADCHF pair which is likely to be pushed up by the bulls so we will buy!
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EURJPY: Will Start Growing! Here is Why:
Balance of buyers and sellers on the EURJPY 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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USOIL Is Bullish! Long!
Please, check our technical outlook for USOIL.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 71.913.
Considering the today's price action, probabilities will be high to see a movement to 73.911.
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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EURUSD Is Very Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.079.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.109 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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GBPJPY Is Going Down! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 193.030.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.202 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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NZDCAD Will Fall! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.816.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.813 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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GBP/CHF SHORT FROM RESISTANCE
GBP/CHF SIGNAL
Trade Direction: short
Entry Level: 1.140
Target Level: 1.128
Stop Loss: 1.148
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/CHF, 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 0.948.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.885 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 EUR/NZD pair.
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DOGEUSDT | 1H | NOW IN SUPPORT ZONEHey traders
📉 Right now, Dogecoin is at a key support level. The 0.17514 zone is a critical support area, and we need to 👀 watch how it reacts from here.
📊 I believe this sharp drop happened due to the breakdown of the Head and Shoulders pattern.
⚠️ No need to panic—just wait for my analysis update!
⭐ Don’t forget to like 👍 so you don’t miss the next Dogecoin update! 🔔
ETHEREUM BULLISH BIAS|LONG|
✅ETHEREUM fell again to retest the support of 1760$
But it is a strong key level
So I think that there is a high chance
That we will see a further bullish
Move up given that we are already
Seeing a bullish move up
LONG🚀
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EURUSD: Market of Buyers
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 EURUSD pair price action which suggests a high likelihood of a coming move up.
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