Market Analysis PT2/2 (13th May 2024) XAUUSD Analysis On the daily timeframe, we have created a Change of Character to the upside at the 2352 level. Currently price is creating a pullback towards that key level. What i want to see is for price to come down lower towards the 2352 level before deciding whether to long or short. If price fails to create a 15...
Take a look at our analysis for BITCOIN. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 60859. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 66928 level. P.S The term oversold refers to...
Cadastral tensions have boosted gold prices This weekend, americaA Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales may be launched and might supply a few guidelines approximately the financial outlook and inflation trajectory. broadcast. Senior FED officers have given statistics that slicing hobby quotes in 2024 is appropriate, bringing up...
Crypto Analysis (12th May 2024) ETHUSD Analysis On 1 hour timeframe , Price has created a 1 hour bearish FVG, indicating bearishness. Currently, price action is retracing towards the 1 hour FVG slowly, but hasnt tested it yet. There are 2 high probability scenarios that could play out. 1) Price taps into this bearish FVG and rejects created a 15 minute...
Hello,Friends! Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2372.619. ✅LIKE AND COMMENT MY IDEAS✅
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 13 May 2024 BUY LIMIT Order: $2358.02 Stop Loss: $2345.07 Take Profit 1: $2370.72 Take Profit 2: $2387.60 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 78.13 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 78.81 About Used Indicators: Pivot points are a great...
Crypto Analysis (12th May 2024) BTCUSD Analysis On the 4 hour timeframe, price has swept the liquidity at 64724.63 level and proceeded to create a CHOCH to the downside. The market followed through by creating another BOS after rejecting a 4 hour OB. There are 2 scenarios i am looking at right now. 1) Price retraces into the FVG and creates a 15 minute...
Hello,Friends! EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0767 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.0710 Safe Stop Loss - 1.0802 About Used Indicators: The...
Here is our detailed technical review for NAS100. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 17914.2. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9...
Hello,Traders! VIX has reached a Horizontal support of 12.34$ From where we will be expecting A local rebound a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 164.885 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 EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the NZD/USD 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 0.583. ✅LIKE AND COMMENT MY IDEAS✅
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Hello,Friends! We are now examining the AUD/USD 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 0.649 level. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for NZDJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 93.668. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 92.698 level. P.S Overbought...
Dow Jones keep breaking key levels. This week we saw a breakout of a one more significant resistance. Bulls clearly show their power. I will expect a further bullish continuation. Next resistance - 39850 ❤️Please, support my work with like, thank you!❤️