Here is our detailed technical review for US100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 17945.6. Considering the today's price action, probabilities will be high to see a movement to 18332.4. P.S The term oversold refers to a condition where an asset...
After the release of the Nonfarm Payrolls and Unemployment Rate reports, there was a boost in the growth of the US Dollar (USD), leading to a decrease in the EUR/USD exchange rate. This reaction was clearly reflected on the technical chart, as the price broke below the significant support level at 1.0800, indicating a strong signal for further depreciation of this...
After the Non-Farm report was released, the Euro experienced a slight decrease of 0.13% against the US Dollar, pushing the EUR/USD exchange rate down to 1.0800 after peaking at 1.0847 earlier in the day. On Friday, the US Bureau of Labor Statistics (BLS) revealed that the economy had added more jobs than expected. Nonfarm payroll increased by 303K, surpassing...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35800 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area. Trade safe, Joe.
Although the price of Bitcoin is currently experiencing a short-term decline, the possibility of a more significant downward adjustment cannot be denied. If the price surpasses the support level at 66,460, we may witness a deeper decline, continuing to touch lower support levels. However, in this volatile context, when looking at the chart, we see that the RSI...
Although Bitcoin is currently experiencing a short-term decline, the possibility of a significant downturn should not be overlooked. If the price surpasses the crucial support level at 66,460, we may witness a deeper decline as the price continues to touch lower support zones. However, in this volatile scenario, examining charts and conducting technical analysis...
Dive into the USD/JPY Forecast: A Surge Beyond the Current Range! 🚀✨ With the Bank of Japan (BoJ) gradually tightening its monetary policy and the Federal Reserve's (Fed) easing cycle simmering down, a compelling blend of fundamental catalysts is set to elevate the USD/JPY beyond its current boundary of 151.000. 📈 A Hawkish Twist from BOJ's Ueda Leads to a...
Hello everyone, do you think gold price this week will end in the number? In my opinion, gold continues to grow increasing according to the long -term chart, but for short -term traders we need to consider the following number: In terms of news: After newspaper of agricultural pH, gold not too much support, the price still increased compared to the early morning...
In recent US trading sessions, the GBP/USD currency pair has dropped below the 1.2600. This sharp decline has been driven by the strong rise of the USD, indicating robust and stable growth in the US economy. Technical charts illustrate this significant adjustment, with indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI)...
In a recent US session, the market witnessed a sharp correction in the GBP/USD currency pair as prices dipped below the crucial 1.2600 level. This pronounced decline was propelled by the strong surge of the USD, indicating robust growth and stability in the U.S. economy. The downward momentum was also reflected in technical indicators such as the Simple Moving...
The Japanese Yen (JPY) remains near its decades-low against the US Dollar, struggling for buyer interest following the Bank of Japan's (BoJ) dovish stance at its late March meeting, signaling further rate hikes are a while away. The positive risk sentiment further weakens the JPY, traditionally considered a safe haven. However, the downside may be limited due to...
Today's gold prices saw a gentle decline, establishing a peak above the high mark and then slightly retreating to $2272 after touching $2300 in the early trading hours of yesterday. Looking forward, robust economic data and persistent inflation may compel the Fed to maintain an aggressive monetary policy throughout the summer, yet this won't hinder gold's price...
EURUSD witnessed a rebound on Thursday but encountered resistance at the descending trendline, initiating another correction downwards. The 1.076 support level is showcasing significant resilience; if this level holds firm, EURUSD might still have a chance for an upward movement. Moreover, the end of the day will bring pivotal USD-related news. Should the USD...
GBP/USD witnessed a significant daily surge on Wednesday, further escalating early Thursday. The pair has comfortably positioned itself above the 1.2600 mark in the European trading session, with technical outlook indicating an upward trajectory ahead. The widespread selling pressure surrounding the US Dollar (USD) has been a catalyst propelling the GBP/USD...
During the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight. Technical analysis based on...
The Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials. From a technical standpoint, breaking below the...
Please, check our technical outlook for BITCOIN. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 67074. Taking into consideration the structure & trend analysis, I believe that the market will reach 71400 level soon. P.S We determine oversold/overbought...
EUR/USD continues its downward trend since Thursday, edging closer to the 1.0830 threshold during the Asian trading session on Friday. The strength of the USD is still being bolstered by market caution, likely influenced by political tensions in the Middle East. Based on technical analysis, it's evident that the corrective trend of the price is aiming towards the...