BTCUSD: Expecting Bearish Continuation! Here is Why:
Looking at the chart of BTCUSD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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Forecast
US100 BEST PLACE TO SELL FROM|SHORT
US100 SIGNAL
Trade Direction: short
Entry Level: 20,101.6
Target Level: 18,779.9
Stop Loss: 20,975.6
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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AUD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
AUD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.513 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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DXY Will Go Up! Buy!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 100.036.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 100.899 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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USDJPY Will Move Higher! Long!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 144.942.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 148.284 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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QQQ: Bearish Continuation & Short Trade
QQQ
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell QQQ
Entry - 488.86
Stop - 505.90
Take - 457.49
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER: Will Start Growing! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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BITCOIN Is Bullish! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 96,975.97.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 99,781.42 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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EURCAD Is Very Bearish! Short!
Here is our detailed technical review for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.561.
The above observations make me that the market will inevitably achieve 1.529 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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GBPJPY Is Going Up! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 192.359.
Taking into consideration the structure & trend analysis, I believe that the market will reach 195.116 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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EURUSD Will Go Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.137.
Considering the today's price action, probabilities will be high to see a movement to 1.129.
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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TSLA SHORT FROM RESISTANCE
TSLA SIGNAL
Trade Direction: short
Entry Level: 286.64
Target Level: 210.88
Stop Loss: 337.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 0.488 area.
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USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.59
Target Level: 60.50
Stop Loss: 67.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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GBPAUD: Will Keep Growing! Here is Why:
The recent price action on the GBPAUD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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EURUSD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for EURUSD .
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.132.
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 1.129 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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EURJPY Will Go Up From Support! Long!
Take a look at our analysis for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 163.939.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 168.000 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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NZDCHF Will Fall! Sell!
Please, check our technical outlook for NZDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.493.
Considering the today's price action, probabilities will be high to see a movement to 0.487.
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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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 96,851.50
Target Level: 85,148.99
Stop Loss: 104,653.17
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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CAD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
CAD/CHF SIGNAL
Trade Direction: short
Entry Level: 0.595
Target Level: 0.581
Stop Loss: 0.605
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 17h
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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 84.966.
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CHF/JPY BULLS ARE STRONG HERE|LONG
CHF/JPY SIGNAL
Trade Direction: long
Entry Level: 172.570
Target Level: 175.428
Stop Loss: 170.661
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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NZDCAD: Bullish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCAD chart which, if analyzed properly, clearly points in the upward direction.
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