EURCAD Is Bullish! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.556.
Considering the today's price action, probabilities will be high to see a movement to 1.566.
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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Forecast
BITCOIN BEARISH BIAS RIGHT NOW| SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 106,664.53
Target Level: 100,986.05
Stop Loss: 110,439.78
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
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EUR/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/USD is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.105 level.
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NG1! BEARS ARE STRONG HERE|SHORT
NG1! SIGNAL
Trade Direction: short
Entry Level: 3.790
Target Level: 3.302
Stop Loss: 4.116
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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EURUSD: Weak Market & Bearish Continuation
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 EURUSD pair which is likely to be pushed down by the bears so we will sell!
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AUDUSD: Bullish Forecast & Bullish Scenario
The recent price action on the AUDUSD 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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GOLD Is Very Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 3,238.63.
Considering the today's price action, probabilities will be high to see a movement to 3,179.36.
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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EURUSD Is Going Down! Sell!
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 1.124.
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 1.116 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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NZDUSD Will Fall! 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 0.590.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.575 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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NZDJPY Will Go Up From Support! Buy!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 85.439.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.706 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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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,240.9
Target Level: 3,210.7
Stop Loss: 3,261.1
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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AUD/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
AUD/NZD SIGNAL
Trade Direction: short
Entry Level: 1.084
Target Level: 1.062
Stop Loss: 1.098
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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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/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 0.583.
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NZD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD-CAD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.827 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 NZD/CAD pair.
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CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.464 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD: Market Sentiment & Price Action
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBPAUD: Growth & Bullish 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 GBPAUD chart which, if analyzed properly, clearly points in the upward direction.
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BITCOIN Will Go Higher! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 102,856.61.
The above observations make me that the market will inevitably achieve 117,574.76 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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USDJPY Will Go Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 144.899.
Taking into consideration the structure & trend analysis, I believe that the market will reach 146.054 level soon.
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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GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.338.
Considering the today's price action, probabilities will be high to see a movement to 1.331.
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.
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GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.865.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.902 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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AUDUSD Is Very Bullish! Buy!
Take a look at our analysis for AUDUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.640.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.641 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!