The phrase
"bearish bias" refers to a negative or pessimistic view on a particular investment or market. It means that a person or investor believes that the price or value of a stock, commodity, or market is likely to decrease or go down in the future.
Full definition
This is important because it allows us to form a bullish or
bearish bias depending on where the market is within this channel.
OverviewThe USD / JPY pair is showing clear
bearish bias as a result of testing the key support 113.97.
We remain
bearish biased on this market and will continue watching for price action sell signals from resistance to rejoin the downtrend as we can see the longer - term downtrend is still clearly in effect and key support isn't seen until down near 1.2040 area.
For this week, we
remain bearish biased and looking to get short on any minor rallies whilst under 0.7430.
Two of the ETFs have a
strong bearish bias while one has a long - term historical tendency to rally, although in recent years it has been slammed lower.
In Monday's commentary, we discussed the
current bearish bias we held on the EURUSD and that we were actively watching for price action sell signals forming up near key 1.2950 resistance if the market retraced higher.
The EURUSD gained back some of last week's lost ground today, however, we are
still bearish biased on this market after seeing it weaken significantly over the last two weeks as we discussed in this week's weekly price action outlook.
With uncertainty already high due to the upcoming Federal Open Market Committee (FOMC) meeting, such a result would add to
a bearish bias.
A movement above the supply level at 114.00 would render
the bearish bias invalid.
I have a bullish view about gold, cryptocurrencies, and the Yen, while having
a bearish bias towards US stocks and China and a less pronounced negative bias towards Europe, Japan, and other risk - assets.
- The chart of US treasuries ETF, TLT, is likewise showing oversold conditions on the RSI and could bounce short term despite
the bearish bias now warranted by the downside break of the 200 day moving average.
OverviewGold price shows
a bearish bias after approaching the critical resistance at 1,197.10, which represents one of the next trend keys besides 1,183.83 support, where the price is following its way to test this support.
I've made some pretty good money trading WTI from the short side over the past 4 years and
my bearish bias is hard to shake.
Here, we need a lower high and lower low to confirm
a bearish bias before we look for a a short entry.
For this week, we retain
our bearish bias on this market and would watch for intra-day or daily chart sell signals from resistance.
As far as the other indicators are concerned, the MACD is sloping downward and giving a clear sell signal, and the stochastichs are signaling
a bearish bias as well.
Due to the strength of this long - term resistance, we are taking
a bearish bias whilst price is contained near that area.
As an alternative you can have an iron condor position with a bullish or
bearish bias.
The 10 - day MA seems to have shed
the bearish bias, but the 5 - day MA is still sloping downwards in favor of the bears.
There is no reason to change away from
a bearish bias provided the price remains below the key resistance level at $ 8,271.
There is a long - term bearish trend on all the major cryptocurrencies, which is something else which should encourage
a bearish bias.
I maintained
a bearish bias yesterday and was proved to be correct, as the price has continued to fall.
The channel is acting as
a bearish bias medium for the price below $ 650.
The daily chart shows a completely different profile, where
the bearish bias dominates the scene.
With the recent pop, Litecoin appears to have overcome
a bearish bias that formed immediately after the mid-October rally, which stalled just above current price levels.
The 50 - day moving average (MA) and 100 - day MA will likely see a bearish crossover (50 - day MA cuts 100 - day MA from above, indicating
a bearish bias).