Signals
Lingrid | EURAUD trendline BREAKOUT. Potential ShortThe market for FX:EURAUD has broken and closed below the upward trendline, suggesting a shift in momentum. The rejection of the resistance zone and the break below the 1.63000 level adds further confirmation of bearish sentiment. It appears that the market may form a small pullback before continuing its downward movement. The long-tailed bar observed on the daily timeframe indicates significant bearish pressure, reinforcing the expectation for the price to move lower in the days ahead. My goal is support zone around 1.62440
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NZDCHF Will Go Up From Support! Buy!
Here is our detailed technical review for NZDCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.520.
Considering the today's price action, probabilities will be high to see a movement to 0.521.
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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GBPCAD Will Go Higher! Long!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.776.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.792 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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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY dropped heavily on Friday.
The price violated both a support line of a rising parallel channel
and a horizontal demand zone.
With a high probability, the price will continue falling next week.
Next support - 193.9
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CADJPY Will Go Higher From Support! Long!
Please, check our technical outlook for CADJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 109.659.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 111.153 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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BTCUSD: Market Is Looking Up! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 92,747.25
Wish you good luck in trading to you all!
USOIL: Local Correction Ahead! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 66.522
Wish you good luck in trading to you all!
XRPUSD has started the cyclical parabolic rally.XRP (XRPUSD) is having this week the strongest 1W candle since July 10 2023. The long-term pattern is a 6-year Triangle (since January 01 2018) and with the weekly rise, it is about to test its top (Lower Highs trend-line). The 1W MA50 (blue trend-line) is supporting this uptrend, which is technically the Cycle's Parabolic Rally.
In 1W RSI terms, the current price action appears to be similar with the March 20 2017 and November 2020 break-outs. Note also that as the 1W RSI broke into the overbought (>70.00) territory, this is technically the 1st of two tops, with the second (red circle) marking historically the Cycle's Top.
The Sine Waves catch very effectively the current RSI overbought High (green circle) so there is a remarkable frequency between the Cycles, which confirms that we are currently just starting the new rally.
We expect to test at least the 1.97500 April 2021 High.
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DOW JONES - Idea for a long position !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we have the same scenario as on S&P500, we are bullish, so I expect a long position if price fills the imbalance lower and then rejects from trendline.
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Alikze »» EDU | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the 8H time frame.
- At the bottom of the channel, a strong buying pressure candle has been encountered.
- Currently, we have to wait for the failure of the supply zone to exit the downward channel.
- If the supply zone breaks, it can have the targets of 0.9769 and 1.1719.
💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range.
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
DXY Will Go Up! Buy!
Please, check our technical outlook for DXY.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 106.564.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 107.267 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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BITCOIN Will Move Lower! Sell!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 89,698.74.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 80,500.75 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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GBPUSD Is Bullish! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.264.
The above observations make me that the market will inevitably achieve 1.276 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!
EURAUD Is Very Bearish! Short!
Please, check our technical outlook for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.634.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.625 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD Sustained SellsGU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to do so.
That being said, GU is currently in consolidation right now after just breaking out of a previous consolidation. When we look at what GU has been doing over the past few weeks it also shows heavy bearish momentum
If you even look at the peak one might even say that price stop hunted high to get rid of sellers who had stops higher, but I'm not quite sure so I won't use that as a confluence within this particular analysis.
This is what I see, price stumbling within the consolidation a bit more and then pushing up to about this level or so to get rid of sellers stops within both the consolidation areas and then drop after that.
My reason for using this particular path is simple. I think the dealer wants to get rid of sellers but he can't drive price so high such that he gives new sellers a better opportunity - if price goes any higher he may give sellers the signal they are looking for to get in which invalidates the dealer's move. If price gets up to the level highlighted by the blue marker sells are probably off the table temporarily.
EURUSD Macro Sells PossibleAlright so it's been a literal while since I've analyzed anything other than gold and or maybe BTC. But neither of them have any opportunity currently so I am taking a look at a few other assets to see if there is anything interesting.
On EURUSD, we can see here what appears to be price stumbling at a level in which price has bought multiple times in the past and what I find really interesting about this level is the fact that price is bullish.
EURUSD is an overall bullish market so the fact that it is selling suggests that price needs to grab liquidity from the downside. But why? What is down there that price needs so badly?
Well, Think about it. Buyers place stop losses where exactly? At the lows right?
Yeah when you look at it on the weekly timeframe in my opinion it becomes even more clear - price needs to go lower to clear out buyers stops.
BUT
This then means that price needs to sell right? And we can only truly sell when price is bearish enough to do so right?
Well here seems to be very bearish, but I'd admit that I feel like I am drawing at straws here in hopes that it breaks this time, I'd be honest I am not hopeful that it will lol
That being said, what I think is possible for EU is that it will continue to stumble about this level for a while, maybe even go higher, before truly attempting to drop.
As much as I wish to find something here, I don't think there is anything.
The most I can say is maybe more sustained sells (very short term) until price leaves this orange zone
I'd be careful with this one