GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.336.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.342 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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Forecast
NZDUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.592.
The above observations make me that the market will inevitably achieve 0.580 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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AUDNZD Will Go Higher From Support! Long!
Take a look at our analysis for AUDNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.079.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.097 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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NZDJPY Is Going Down! Short!
Take a look at our analysis for NZDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 85.345.
Taking into consideration the structure & trend analysis, I believe that the market will reach 84.425 level soon.
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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USOIL BULLS WILL DOMINATE THE MARKET|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 59.70
Target Level: 63.67
Stop Loss: 57.06
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
GBP/CHF SIGNAL
Trade Direction: short
Entry Level: 1.102
Target Level: 1.061
Stop Loss: 1.130
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.890 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/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/AUD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 1.698 area.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,321.1
Target Level: 3,263.1
Stop Loss: 3,359.8
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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NZDUSD: Bullish Forecast & Bullish Scenario
The recent price action on the NZDUSD 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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AUDCHF: Bulls Will Push Higher
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the upward direction.
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DXY Will Go Higher! Buy!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 99.288.
Considering the today's price action, probabilities will be high to see a movement to 100.788.
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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USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 61.191.
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 56.009 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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AUDUSD Will Move Lower! Short!
Take a look at our analysis for AUDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.641.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.629 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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GBPAUD Is Bullish! Long!
Please, check our technical outlook for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.089.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.151 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.
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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NZDCAD Will Go Lower From Resistance! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.827.
The above observations make me that the market will inevitably achieve 0.824 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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EUR/CAD BEST PLACE TO SELL FROM|SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.575
Target Level: 1.525
Stop Loss: 1.608
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 159.106 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EUR/GBP LONG FROM SUPPORT
Hello, Friends!
We are now examining the EUR/GBP 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 0.860 level.
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GOLD BULLS WILL DOMINATE THE MARKET|LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,281.65
Target Level: 3,346.60
Stop Loss: 3,238.35
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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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GBPNZD | 4H | SWING TRADEHey there my dear friends;
SIGNAL ALERT
BUY GBPNZD / 2,23220
🟢TP1: 2,23952
🟢TP2: 2,24909
🟢TP3: 2,27946
🔴SL: 2,20905
Enter low lot because it is high risk 🔽
RR / 2,00
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GBPUSD: Will Keep Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPUSD pair price action which suggests a high likelihood of a coming move down.
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