Proceeding the current situation in EUROPE, investors worldwide are filled with fear, which, in many cases, leads to uncertainty. Like many markets, the crypto market was hit with this wave of fear leading to high volatility and uncertainty. Nevertheless, the big picture shows that investors are selling risky assets and moving to safe assets AKA safe havens such...
Following our previous idea published 3 days ago, the DOUBLE TOP pattern has indeed reached the expected target at 1.1130! Within 3 days, EURUSD has dropped over 200 pips making great gains! The reason for this fast drop was mainly due to 2 main things: 1. Fundamentals and the current situation in Europe created fear for investors and traders. With fear, many...
As we can see from the chart, EURUSD has formed a very clear DOUBLE TOP pattern. Such a pattern means that there is a potential for a BEARISH trend . Oscillators confirm that the pair is overbought as well as price action patterns and the overall trend is BEARISH . We conclude that EURUSD is likely to continue BEARISH at least for the medium term. The following...
As we can see from the chart, EURUSD has formed a very clear DOUBLE TOP pattern. Such a pattern means that there is a potential for a BEARISH trend. Oscillators confirm that the pair is overbought as well as price action patterns and the overall trend is BEARISH. We conclude that EURUSD is likely to continue BEARISH at least for the medium term. The following are...
Following our idea published 1 week ago, NZDJPY followed our forecast and continues BULLISH as predicted!! Find the original idea below! The pair has already passed 200 pips into profit! If you like our forecast please LIKE and FOLLOW us for more awesome ideas!!
CADJPY has reached the 4-month descending trendline where it showed some rejection from the level! Furthermore, CAD is dropping in value and oscillators are showing signs that the pair is overbought! Thus, we are shorting the pair! If you like the idea please like it and follow us for more awesome ideas!!
As we can see GBPUSD has reached resistance again and with the general trend being downwards, it has already confirmed rejection from the liquidity zone! After gaining from the previous swing we expect another swing that should push the price to even lower levels! Thus, according to our hypothesis, we are shorting the pair! If you like this idea please like and...
NZDJPY has consolidated below the trendline and we see some rejection near the trendline area. We also see confirmation patterns via oscillators that the pair is oversold! We believe that NZDJPY will reverse up at least for the long term! If you like the idea, please like and follow us for more!
After approaching a 9-month-old trendline, we see GBPCHF rejecting the level which confirms that it's indeed a liquidity zone. Indicators are showing signs of reversal and signs of overbought. For that, we believe GBPCHF will have a bearish reversal. If you like the idea please like and follow us for more!
With the continuous drop in the value of GBP and increase in value of USD we see that the pair is likely to continue down the trend for the upcoming weeks. If you decide to open a short position make sure you place the stop loss above the liquidation zone. If you agree please like and follow us for more awesome ideas!
As we can see GBPNZD has approached a liquidation zone. GBP is dropping in value for the last couple of weeks and NZD looks like it will turn bullish. The pair is highly overbought and candlestick patterns have already confirmed that bearish reversal is very likely. Thus, our hypothesis is that the pair will have a bearish reversal. We suggest the...
EURNZD has gone through a fake breakout and with NZD gaining strength and EUR getting weaker we see a good potential to short the pair. This hypothesis is supported by candle stick patterns as well as oscillators. We see a LUS as a candlestick pattern suggesting a bearish reversal and an overbought situation. For entry we suggest the following: Entry: 1.69-1.70...
USDZAR has reached a pivot point on the ascending trend line which has been holding since June 2021. Oscillators are confirming that USDZAR is oversold as well as candlestick patterns are confirming a bullish reversal with a bullish engulfing. We look to long at the following levels: Entry: 15.1-15.15 Stoploss:14.7 or lower I hope you like this idea, please...
Similar to USOIL and UKOIL , HEATING oil follows similar steps!! HEATING oil has been rising for a very long time and hit all-time highs, and we see that oscillators are showing that HEATING oil is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!! Candlestick patterns are also confirming rejection from...
Similar to USOIL, UKOIL is following similar steps!! UKOIL has been rising for a very long time and hit all-time highs, and we see that oscillators are showing that UKOIL is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!! Candlestick patterns are also confirming rejection from resistance. We see that the...
TVC:USOIL has been rising for a very long time and hit all-time highs!! We see that oscillators are showing that USOIL is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!! A bearish LLS is also a confirmation that prices are likely to drop from resistance. We aim to open in the range of 87-88 and TP at 76...
FX:USOILSPOT has been rising for a very long time and hit all-time highs!! We see that oscillators are showing that USOIL is overbought. We also see signs of rejection from the resistance zone that formed due to all time high!! A bearish LLS is also a confirmation that price is likely to drop from resistance. We aim to open in the range of 85-86 and TP at 74...
FX:USDCAD is likely to rebound from the 8 month trendline. Both candlestick patterns, as well as oscillators, show that a rebound is very likely. We aim to buy in the range: 1.245-1.25. If you like this idea please like and follow us for some awesome ideas!!!