GOLD Will Move Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,715.97.
Considering the today's price action, probabilities will be high to see a movement to 2,656.74.
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!
Short
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 70.22 area.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD Is Nearing 0.58400 Key ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58400 support and resistance area.
Trade safe, Joe.
EURUSD Potential Continuation Of The Bearish MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 area, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.
AUDUSD Is Approaching Key Retrace Area After Trend's BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65050, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.65050 support and resistance zone.
Trade safe, Joe.
McDonald’s (MCD): Crisis Management and Market ReactionWhat a perfect flat this is on McDonald’s. Already back in the range and finished the wave ((ii)) at the 50% Fibonacci retracement level. Far more downside is expected for $MCD. If we are right about this intra wave count, we should see the level of wave ((iii)) to be at a minimum of $258.5.
The outbreak that caused the big drop was linked to slivered onions used in Quarter Pounder burgers, which affected 104 individuals across 14 states and resulted in one death. To address the crisis, McDonald’s will invest $35 million in marketing and advertising campaigns to rebuild customer trust and foot traffic. Additionally, $65 million will be directed toward franchisee support, including deferrals on rent and royalties.
To recover from this significant image damage, it will likely take much time for NYSE:MCD to resolve these challenges. Therefore, it would also be valid if NYSE:MCD sweeps the range low at the level of $245 before coming back to at least the range middle.
GBPUSD Short and Longs (News) Scenario 1: Both PMIs Better than Forecast
Actual Manufacturing PMI: 49.5 (Better than 48.8 forecast)
Actual Services PMI: 56.0 (Better than 55.2 forecast)
EUR/USD: Down - If both sectors perform better than expected, this might signal a stronger US economy, potentially leading to a stronger Dollar.
GBP/USD: Down - Similar to EUR/USD, a stronger US economic outlook could weaken GBP against USD.
USD/JPY: Up - Improved US PMI data might strengthen USD against JPY, especially if this leads to expectations of a tighter Fed policy.
Scenario 2: Both PMIs Worse than Forecast
Actual Manufacturing PMI: 48.0 (Worse than 48.8 forecast)
Actual Services PMI: 54.0 (Worse than 55.2 forecast)
EUR/USD: Up - If both sectors disappoint, this could indicate economic weakness in the US, leading to a weaker USD.
GBP/USD: Up - Weaker US data might make GBP relatively stronger, especially if UK economic indicators are not as disappointing.
USD/JPY: Down - A disappointing PMI might lead investors to question the US economic recovery, potentially weakening USD against JPY.
The Fib is just an example if we was to see a sell off it may come into play. If we not seeing a sell off the Fib will be non existent.
US30 Is Going Down! Short!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,873.82.
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 42,150.13 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!
GOLD Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,699.516.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,653.450 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!
USDCHF Will Go Lower From Resistance! Short!
Here is our detailed technical review for USDCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.890.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.881 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!
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Massive Short! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2701.9 pivot level.
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 - 2651.6
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and ressitance area.
Trade safe, Joe.
CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.33
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 - 110.57
My Stop Loss - 111.79
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.
———————————
WISH YOU ALL LUCK
CHFJPY Technical Analysis! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 176.03 pivot level.
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 - 175.18
Recommended Stop Loss - 176.55
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
[Short-Term] Cameco is bouncing right now.. Pre-Recession?Good day, welcome to my analysis on GETTEX:CJ6 current standpoint from a technical view.
Please be informed that this is just a short-term analysis, my long term analyses and fundamental analyses can be found here:
Bullish on Cameco - Show will go on
From Fibonacci retracement, we can see Cameco is bouncing around at fib 0 from November 15th indicating a possible movement of direction.
A Fibonacci retracement from Nov. 19th to yesterday's high wick shows the current movement is between fib 0.2 and fib 0.6 (open to close) with today's wick (as of now) laying just above fib 0.7.
Yes, these are pretty short term Fibonacci's, but considering Cameco is at its all-time high, no longer term analysis seems fitting for me.
Now, here are the possibilities:
Recession:
Cameco may go into a short-term recession. I would put the maximum low at around fib 0.2 or the higher low / demand zone from November 20th, which would be €54 or €53 retrospectively.
Uptrend:
Cameco may continue its uptrend until it settles at a new All-Time High. No expected numbers from me.
Update:
While writing this, MT Newswire posted an article called “RBC Raises Price Target on Cameco to CA$90 From CA$75, ”. The possibility of a short-term recession is getting lower, through the uptrend Cameco had while I'm writing this. Anyway, I don't want to have such short term prognoses, therefore I will still be listing this as a neutral.
I hope you've enjoyed this analysis, please read my longer term analyses on Cameco listed below.
Have a pleasant day and may you never exit before the bull run begins.
-- Henrik B.
USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.181.
Considering the today's price action, probabilities will be high to see a movement to 63.975.
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!