EURJPY Will Move Lower! Sell!
Take a look at our analysis for EURJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 162.022.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 159.493 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.
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Forecast
DXY Is Bullish! Buy!
Please, check our technical outlook for DXY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 99.109.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 99.404 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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BITCOIN BEST PLACE TO SELL FROM|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 92,665.30
Target Level: 86,001.16
Stop Loss: 97,096.62
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so NZD-JPY 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 83.709.
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 101.200.
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USD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the USD/CAD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.387 level.
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USDCHF: Bearish Forecast & Bearish Scenario
Balance of buyers and sellers on the USDCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBPNZD: Bulls Will Push
Looking at the chart of GBPNZD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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GOLD: Bullish Continuation & Long Trade
GOLD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GOLD
Entry Level - 3326.0
Sl - 3316.8
Tp - 3356.6
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,329.08.
The above observations make me that the market will inevitably achieve 3,396.74 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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USDJPY Is Going Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 141.912.
Taking into consideration the structure & trend analysis, I believe that the market will reach 145.882 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.
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GBPJPY Will Fall! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 189.024.
Considering the today's price action, probabilities will be high to see a movement to 187.906.
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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USDCHF Is Very Bullish! Buy!
Here is our detailed technical review for USDCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.807.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.824 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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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 90.909
Target Level: 88.668
Stop Loss: 92.394
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 186.077 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 GBP/JPY pair.
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.032 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/JPY with the target of 161.704 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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SILVER Will Go Lower From Resistance! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 3,271.5.
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 3,036.0 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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USDCAD Will Go Up From Support! Long!
Take a look at our analysis for USDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.385.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.396 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.
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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GBPAUD Will Go Up! Buy!
Here is our detailed technical review for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2.090.
The above observations make me that the market will inevitably achieve 2.149 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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AUDUSD Is Bearish! Sell!
Please, check our technical outlook for AUDUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.642.
Considering the today's price action, probabilities will be high to see a movement to 0.640.
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!