EURUSD Will Go Down From Resistance! Short!
Take a look at our analysis for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.079.
The above observations make me that the market will inevitably achieve 1.068 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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Signals
NZD-CHF Head And Shoulders Pattern And Breakout! Sell!
Hello,Traders!
NZD-CHF has established
A head and shoulders pattern
And now we are seeing a
Long-awaited bearish breakout
Of the neckline around 0.5191
So we are now bearish biased
And we will be expecting a
Further move down
Sell!
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Alikze »» SEI | Double top - 1D🔍 Technical analysis: Double top formation in the supply area
- It is moving in an ascending channel in the daily time frame.
- The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling.
- Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range.
- If it encounters demand in the green box area, it can have a return to the blue box area.
💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist.
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BINANCE:SEIUSDT
CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY Is growing again
Now after the pair made
A bullish rebound from the
Horizontal support of 175.000
So we are bullish biased
And we will be expecting a
Further move up
Buy!
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GBP-JPY Move Up Ahead! Buy!
Hello,Traders!
GBP-JPY is already making
A bullish rebound from the
Support level of 195.111
While trading in an uptrend
So we are bullish biased
And we will be expecting
A further move up
Buy!
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Lingrid | GBPCAD long from the SUPPORT levelFX:GBPCAD broke through both the resistance level and the downward trendline, signaling a bullish market trend. I anticipate a classic breakout retest followed by a continuation of this upward movement. Analyzing the daily timeframe, we can observe that the market is making higher highs and higher lows, which reflects robust buying pressure. As the price continues to test the significant round number of 1.8000 above, I believe it’s only a matter of time before we witness a strong breakout to the upside. My goal is the resistance zone at 1.80700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
APPLE Under Pressure! SELL!
My dear friends,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 234.99 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 - 229.05
Recommended Stop Loss - 238.19
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
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WISH YOU ALL LUCK
USOIL Will Go Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 71.62.
Taking into consideration the structure & trend analysis, I believe that the market will reach 73.20 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.
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EURCAD Will Go Down! Sell!
Here is our detailed technical review for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.499.
Considering the today's price action, probabilities will be high to see a movement to 1.493.
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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NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.965.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 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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EUR/USD: Extending the declineHello dear friends.
Overall, EURUSD has made a significant recovery from last week with a price increase beyond 1.0800 after data from the US showed that Durable Goods Orders fell 0.8% in September. However, unfortunately, the pair quickly fell back and closed the fourth consecutive week in negative territory, weakening EURUSD significantly.
In addition, from the 1-hour chart, the pair has broken the rising trend line and the price wedge has been broken, suggesting that the bears are likely to continue to gain the upper hand without any significant reversal, as shown by the flat 34.89 EMA.
EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts.
As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740.
Happy trading.
XAUUSD Faces Downside Risk as Head and Shoulders Pattern BeginsIn my view, a head and shoulders pattern may be forming on the chart with:
The left shoulder is at the top near $2,755, reflecting initial buying pressure.
The head peak is prominent at $2,740, indicating strong but waning buying pressure.
The right shoulder is forming with a peak close to the right shoulder at $2,755.
If the price breaks below the neckline around $2,721, the pattern will be complete. This could lead to a deeper decline, signaling an approaching downtrend. I will monitor further for confirmation.