US100 Will Go Up From Support! Buy!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,420.2.
The above observations make me that the market will inevitably achieve 22,305.1 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.
Like and subscribe and comment my ideas if you enjoy them!
Forecast
SILVER Will Go Lower! Short!
Please, check our technical outlook for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 31.898.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.450 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCAD Will Move Lower! Short!
Take a look at our analysis for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.807.
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 1.791 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.
Like and subscribe and comment my ideas if you enjoy them!
GBP/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are targeting the 1.989 level area with our long trade on GBP/AUD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so SILVER 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 31.169.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/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 0.570.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF BULLS ARE STRONG HERE|LONG
Hello, Friends!
NZD-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.516 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/CHF pair.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CAD SHORT FROM RESISTANCE
Hello, Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.787 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
USDJPY: 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 USDJPY pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
DJI Is Bearish! Sell!
Please, check our technical outlook for DJI.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 44,642.75.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 43,791.11 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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,655.297.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,683.685 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.
Like and subscribe and comment my ideas if you enjoy them!
CADJPY Is Going Up! Buy!
Take a look at our analysis for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 106.432.
The above observations make me that the market will inevitably achieve 107.126 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY Will Fall! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 192.164.
Taking into consideration the structure & trend analysis, I believe that the market will reach 191.292 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 15m 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 2,647.359 area.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CHF 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 1.116 level.
✅LIKE AND COMMENT MY IDEAS✅
GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-JPY 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 188.358.
✅LIKE AND COMMENT MY IDEAS✅
EUR/AUD SHORT FROM RESISTANCE
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 1.640 area.
✅LIKE AND COMMENT MY IDEAS✅
EURUSD: Bearish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the EURUSD 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.
❤️ Please, support our work with like & comment! ❤️
NATGAS: Bearish Forecast & Outlook
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 NATGAS pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
DXY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 105.962.
Considering the today's price action, probabilities will be high to see a movement to 103.661.
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.
Like and subscribe and comment my ideas if you enjoy them!
EURCHF Will Grow! Long!
Take a look at our analysis for EURCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.928.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.930 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.
Like and subscribe and comment my ideas if you enjoy them!
NQ1! BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the NQ1! 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 21,113.75.
✅LIKE AND COMMENT MY IDEAS✅