AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.
Bearish Patterns
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 1.759 area.
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GOLD BEARS ARE GAINING STRENGTH|SHORT
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We are going short on the GOLD with the target of 2,610.856 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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GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
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It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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SPY BEARS ARE STRONG HERE|SHORT
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SPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 581.52 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 SPY pair.
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ETH One Final DropLooking at one final drop to the .618 golden pocket.
Daily - Hidden Bearish divergence RSI/MACD at the 0.886 retracement. RSI looking like it wants to double bottom to form bullish divergence at the ~2100 area. Also a trendline that needs to be retested to better form a massive pennant structure that will ultimately lead ETH to new record highs after this flush.
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 70.22 area.
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NZDUSD Is Nearing 0.58400 Key ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58400 support and resistance area.
Trade safe, Joe.
EURUSD Potential Continuation Of The Bearish MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 area, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.
AUDUSD Is Approaching Key Retrace Area After Trend's BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65050, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.65050 support and resistance zone.
Trade safe, Joe.
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and ressitance area.
Trade safe, Joe.
USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.181.
Considering the today's price action, probabilities will be high to see a movement to 63.975.
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 SHORT FROM RESISTANCE
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 66.46 area.
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USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.870 level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.642 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59200 support and resistance area.
Trade safe, Joe.