GOLD Will Fall! Short!
Take a look at our analysis for GOLD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,618.93.
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 2,576.56 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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Short
GBPCHF Will Go Lower From Resistance! Sell!
Please, check our technical outlook for GBPCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.128.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.122 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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USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on USOIL, 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 67.02.
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GBPJPY: Will Start Falling! Here is Why:
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 GBPJPY pair price action which suggests a high likelihood of a coming move down.
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GBPCHF A Fall Expected! SELL!
My dear followers,
This is my opinion on the GBPCHF next move:
The asset is approaching an important pivot point 1.1281
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.1222
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
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 160.417 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/JPY pair.
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WHAT IS QM (SIMPLY)Quasimodo trading setup or QM is an advanced reversal pattern in which its formation signals the end of a trend, and most traders use its variants to improve trading results in the forex market.
If u don't understand it, there is high possibility for stop hunting.
u may heard HEAD AND SHOULDER pattern, yes?
QM is exactly HAD (head and shoulder) and u can trade it at: FL'S _ S&D ZONES and SR lines.
it is also a Great show for money back and u can short it at all.
What invalidates it?
only Do not ENG the first support.
CHFJPY Trading Opportunity! SELL!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 174.84 pivot level.
Bias - Bearish
My Stop Loss - 175.91
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 172.92
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
NAS100USD Will Go Lower! Short!
Here is our detailed technical review for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 21,471.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20,314.7 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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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 1.478 area.
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USOIL Set To Fall! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 69.50
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.04
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
23/12/24 Weekly outlookLast weeks high: $108,403.98
Last weeks low: $92,261.97
Midpoint: $100,332.98
Last week we saw a swing fail pattern (SFP) of the week previous' high. Ever since then it's been a steady sell off throughout the week, mostly thanks to JPows FOMC statements despite a 25bps cut as forecast. BTC is now battling the 4H 200 EMA for the first time since the US election, a much needed pullback or the start of a further sell-off?
Going into the holidays we should expect a lower volume as whales take some time off, retail will remain as crypto is shilled to family members over Christmas dinner so the market will continue to be interesting. The 4H 200 EMA is a key battleground, I would have hoped to see a better reaction off the moving average initially but maybe this is bad timing due to the holidays and lower volume, or the reluctance to open new trades while markets are shut etc.
This week is obviously quiet in terms of data releases, there are various token unlocks ENA, IMX, FET and burns for some key altcoins such as ISP & BONK. I think the general consensus is that normal service will resume in January once everything opens back up.
So for this week it's probably better to set alerts for key areas you want to get involved in, planning for when volume returns to the markets and when Trump takes office too.
Merry Christmas to all and good luck!
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,606.670 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Symmetrical triangle and downward continuationMilitary Metals currently has no clear valuation and is entirely speculative. I like their strategy (buying up antimony properties) but they have a cartoonish website and I get weird vibes from them.
In any case, the chart demonstrates a symmetrical triangle and I predict a continued downward trend in price, potentially bouncing ~30% down or more.
RSI also does not show strength, and volume is tapering down.
EURGBP What Next? SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8295
Bias - Bearish
Technical Indicators: Pivot Points Highanticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8273
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
bitcoin act!I think Bitcoin will fall to the support level of 71510 and reach its critical range. The support line of 71510 is very important. If it is broken, the price of Bitcoin will easily fall to 51000. If it does not, the price will rise again from this support line. In my opinion, it is suitable to take a short position to 71510 right now.
BTC ( Bitcoin ) will first need a correctionBitcoin will first need a correction and then continue its upward trajectory.
Given the current situation, it should correct to the highlighted area to evacuate sellers and bring in new buyers.
This support area is quite strong and has the intersection of two strong technical supports.
After that, it will either grow rapidly or, after a little bit of suffering and attracting liquidity from new buyers, it will start to grow incrementally.
If you have followed my ideas, you will see that they always point to the desired point and have a correct prediction trend.
EUR/GBP BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 0.821 level area with our short trade on EUR/GBP which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
USD/CHF is making a bullish rebound on the 1H 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 0.890 level.
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GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26000 support and resistance area.
Trade safe, Joe.
Cosolidation Approaching The Main Downtrend on AUDUSDHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62900 support and resistance area.
Trade safe, Joe.