GOLD Buyers In Panic! SELL!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2658.02
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 - 2640.3
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Short
GOLD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2657.1
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2641.6
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
DXY Is Going Down! Short!
Here is our detailed technical review for DXY.
Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 103.181.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 102.300 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Will Fall! Sell!
Take a look at our analysis for SILVER.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 31.106.
The above observations make me that the market will inevitably achieve 30.995 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 5H 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 30.015 area.
✅LIKE AND COMMENT MY IDEAS✅
DXY - Reaching potential turning pointThe DXY has swung up from it's lows with a classic type 1 reaction and a dragon pattern at a key support that has held for the past two years. We have a bearish bias towards the DXY and here is why:
- Distribution pattern for over a year.
- Lower Highs and Lower Lows.
- General US Dollar Policy.
- Current bullish state of stock and crypto markets implying a weakening dollar.
So now in terms of the current chart and understanding where it could turn. For the past two years we have an impeccable record against the DXY, telling where it could and has bottomed or where it could and has topped.
Now, traditional technical analysis suggests a less convincing but still valuable bearish outlook on it. Here it is:
- Minor resistance just above.
- Completing the bearish 5-0 of this harmonic (We know XB is short of the required 0.786, we're choosing to value it the same).
- Straight reaction to T1 from the harmonic, no sign of accumulation bottom or deep retracement to capture value. Usually signifies an impulse move before at least a retracement to backtest the pcz and put in a higher/ same low.
- Strong Bearish Divergence on all the oscillators.
With these factors we are looking for the DXY to turn soon, the bearish 5-0 target would be a great point to do so but it could yet push higher.
The overall purpose of this post is to showcase that the DXY is still bearish although recent strength. The market is still bullish and could become even more so in the coming weeks/months.
EURCAD Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5044 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4975
Recommended Stop Loss - 1.5078
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
GBPCHF What Next? SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1270
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell), giving a perfect indicators' convergence.
Goal - 1.1215
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
USDCHF: Short Signal with Entry/SL/TP
USDCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USDCHF
Entry - 0.8631
Stop - 0.8668
Take - 0.8560
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Bitcoin will exit from pennant and continue to fall to 59KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke it, and made a retest. Then it a little, after which made a correction to the support level and then made an impulse up to the resistance line of the wedge, which coincided with the 64000 level with the seller zone. Bitcoin some time traded near this level and later broke it, after which even exited from the wedge, but then it started to decline inside the downward pennant. Later price broke the 64000 level and dropped to the support line of the wedge, turned around and in a short time rose to the resistance level, but a not long time ago it turned around and fell to the support line. Now, the price trades near this line and I think it can rise a little and then continue to decline, thereby exiting from the pennant. For this case, I set my TP at 59000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin can exit from triangle and continue to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a few moments ago entered a downward pennant, where it soon declined to the resistance level, which coincided with the seller zone and broke it. Then the price dropped to the support level, and even later entered the buyer zone, where it reached the support line and at once turned around and started to grow. In a short time later BTC reached the resistance line of the pennant, exited, and then made the correction. After this, the price rose to the 63300 resistance level, broke it, and even rose higher than the seller zone, but soon turned around and started to decline inside the downward triangle. Price broke the 63300 level and fell to the support level, where some time traded near and later dropped to the support line of the triangle. Soon, BTC turned around and broke the support level one more time and grew to a resistance level, but a not long time ago it turned around and fell to the support line of the triangle. So, in my opinion, BTC can rise a little and then rebound down, thereby exiting from the triangle. Also then it can continue to decline, therefore I set my TP at 61200 points. Please share this idea with your friends and click Boost 🚀
NAS100 Will Go Lower! Short!
Take a look at our analysis for NAS100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,310.2.
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 19,716.0 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.
Like and subscribe and comment my ideas if you enjoy them!
USDCAD Will Move Lower! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.378.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.374 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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GOLD 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 2,626.104.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.575.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.519 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
USOIL Massive Short! SELL!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 75.44
Bias - Bearish
Safe Stop Loss - 77.07
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 72.67
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
SPY: Bearish Continuation is Highly Probable! 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 SPY pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
NZDUSD Is Going Down! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.610.
Considering the today's price action, probabilities will be high to see a movement to 0.605.
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.
Like and subscribe and comment my ideas if you enjoy them!
SPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the SPY with the target of 545.10 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.
✅LIKE AND COMMENT MY IDEAS✅