NAS100 Will Move Lower! Sell!
Here is our detailed technical review for NAS100.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 18,546.2.
The above observations make me that the market will inevitably achieve 18,341.2 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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SELL
GOLD BEARISH BIAS RIGHT NOW| SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,329.23
Target Level: 3,122.55
Stop Loss: 3,466.98
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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NZD/JPY BEST PLACE TO SELL FROM|SHORT
NZD/JPY SIGNAL
Trade Direction: short
Entry Level: 84.696
Target Level: 82.624
Stop Loss: 86.074
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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 SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so EUR-CHF 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 0.923.
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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Sell BTC if below 83000We're still in a downtrend, and the prior low has been cleared, and in the pullback back we have a strong supply zone which has been tested 3 times! The 3rd time we have this little pattern, which will probably see a bearish breakout. If this happens, we can enter with the breakout and sell for 73000, which makes an R/R of 2. So if the support zone of 83000 is lost, it is a good time to sell.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.100 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.100 support and resistance area.
Trade safe, Joe.
GOLD Is Bearish! Short!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 3,290.99.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,179.46 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.
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/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.562 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/CAD pair.
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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Watching $2.10 for a Potential XRP ReversalRipple (XRP) is currently trading within a clear downtrend, and we’re now seeing a corrective move that’s pushing price back toward a key zone around $2.10, which has acted as both support and resistance in the past.
This area aligns closely with the descending trendline, making it a strong confluence zone to watch for a potential bearish reaction.
EURUSD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.130.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.114 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!
NZDUSD Will Go Lower! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.593.
The above observations make me that the market will inevitably achieve 0.578 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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EURGBP Potential downsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
SILVER BEARISH BIAS RIGHT NOW| SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,225.6
Target Level: 3,081.7
Stop Loss: 3,321.8
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
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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USDJPY Is Nearing An Important Resistance Under a Strong JPYHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 144.100 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 144.100 resistance area.
Trade safe, Joe.
CHFJPY Is Trading Under a Strong Japanese Yen pressureHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 174.800 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 174.800 support and resistance area.
Trade safe, Joe.
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SILVER Will Move Lower! Sell!
Please, check our technical outlook for SILVER.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 3,219.5.
Considering the today's price action, probabilities will be high to see a movement to 3,090.7.
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!
USDJPY Is Bearish! Short!
Here is our detailed technical review for USDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 143.347.
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 141.021 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!