NZDJPY: Will Keep Growing! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the upward direction.
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Long!!!!
NAS100USD Will Grow! Long!
Here is our detailed technical review for NAS100USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 21,546.0.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 21,980.8 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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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 73.23.
The above observations make me that the market will inevitably achieve 75.54 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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EURGBP Will Go Up From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.837.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.839 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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AUD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on AUD/USD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.625.
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NZD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
NZD/USD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.566.
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Euro can correct to support area and then continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it first rebounded from the support area, which coincided with the current support level and rose to the resistance line of the channel. Then the price turned around and in a short time fell to the support area, breaking the 1.0485 level and then fell to the support line of the channel. Next, the price bounced up and almost rose to the support area, and after this, it turned around and dropped to the support level, which coincided with the buyer zone and support line of the channel. Price made impulse up to the resistance line and then declined lower than the 1.0255 level, breaking it, but later started to grow near the support line. So, in a short time, the Euro broke the 1.0255 level one more time, exiting from the channel and continuing to move up next near the support line. Soon, it reached the current support level and broke it, after which made a retest and now still rising. For this case, I think that the Euro can fall to the support area, where it touches the support line, and then continue to move up. That's why I set my TP at 1.0620 points. Please share this idea with your friends and click Boost 🚀
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AUDNZD: Bullish Continuation & Long Trade
AUDNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy AUDNZD
Entry - 1.1040
Stop - 1.1027
Take - 1.1064
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD Sellers In Panic! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0420 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0452
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CADCHF Technical Analysis! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6248
Bias - Bullish
Safe Stop Loss - 0.6232
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal -0.6284
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USDJPY Massive Long! BUY!
My dear subscribers,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 154.29 pivot level.
Bias - Bullish
My Stop Loss - 153.64
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 155.59
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK