Please, check our technical outlook for US100. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 18298.8. Taking into consideration the structure & trend analysis, I believe that the market will reach 18603.7 level soon. P.S We determine oversold/overbought...
In today's London trading session, the USD/JPY pair maintained stability within a narrow range around the 151.30 level. Market forecasts suggest that this pair may continue to fluctuate within this tight range, potentially experiencing a slight decline before rising to confront the resistance zone at 151.977. However, there is a possibility that it may...
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.230. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 104.968 level. P.S We determine...
Take a look at our analysis for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 80.65. The above observations make me that the market will inevitably achieve 81.34 level. P.S Overbought describes a period of time where there has been a...
Take a look at our analysis for AUDNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.087. The above observations make me that the market will inevitably achieve 1.092 level. P.S The term oversold refers to a condition where an asset has traded...
"Greetings traders! Today, USDJPY remains on a quest for fresh momentum, persistently capped by the towering ceiling at the record high of 151,700. The bullish stride wavers as the USD softens, seeking a new echelon of recovery. Yet, this currency pair maintains its lofty stance with unwavering resilience, suggesting that its long-term ascent remains intact....
Federal Reserve Governor Christopher Waller remains steadfast in the "not rush" strategy regarding interest rate cuts. Atlanta Fed President Raphael Bostic shares this sentiment and predicts only one interest rate cut this year. Simultaneously, they warn that premature rate cuts could exacerbate economic disruptions. This puts the Euro under significant downward...
The Euro is predicted to encounter resistance levels early at its highest point of 1.0981, followed by 1.0936. However, looking at the chart, it is observed that the EMA 34 has crossed below the EMA 89, indicating a downward trend in the Euro and the likelihood of breaking through the support zone at 1.08031 and heading straight downward.
Let's refine and streamline the message to enhance readability and engagement: "Hello traders! Today, we're seeing XRPUSDT bounce back, currently enjoying a 1.45% uplift, orbiting around the $0.626 mark after springing from its nearby support. The buying strength is noticeable with the bullish candle, yet the trend's direction remains a tad murky, as it hovers...
From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
Hello everyone, today GBPUSD continues its downward trend, with resistance at 1.267 acting as a significant barrier for this currency pair. From a technical perspective, I expect the price to decrease, favoring a SELL strategy once it touches the EMA again, as the EMA 34 is signaling a sell through trend reversal. The support level at 1.259 will determine...
Certainly, let's give it a fresh spin: "Greetings traders! 🚀 SOLUSDT is riding the bullish wave this Wednesday, currently orbiting around the $187.00 mark. It's playing a bit of tug-of-war just beneath the resistance at $195.81, but fear not—the solid support at $171.58 stands its ground, promising a strong back-up for our crypto contender. Should this support...
Hello everyone, let's dive into the EURUSD dynamics together! The EUR/USD pair has extended its decline from the previous day's rejection at the Simple Moving Average (EMA) resistance around the 1.0865 area, facing selling pressure for the second consecutive day on Wednesday. Nonetheless, the spot price endeavors to stay above the 1.0800 mark during the Asian...
Yesterday, gold shimmered in green, touching a peak of $2,200 during the overnight session for North American traders amidst a softer US Dollar. As Wall Street came to life, the Greenback prolonged its recovery phase, while a dip in US Treasury yields allowed the lustrous metal to sustain its verdant glow. The 4-hour chart hints at easing upward pressure, with...
Sure, let me rephrase that for you in a more engaging tone: "Welcome to today's golden insights, fellow traders! 🌟 As the dawn of Wednesday unfolds, the lustrous gold has taken a modest step back, hovering around $2,170 despite yesterday's leap toward the $2,200 mark. The greenback is flexing its comeback muscles, yet the Treasury yields seem to wobble amid the...
Greetings, esteemed traders! On the daily chart, BTCUSDT continues its remarkable recovery from the recent dip, rebounding nicely off the EMA 34 checkpoint. I maintain a bullish outlook, anticipating that the upward trendline will continue to fuel fresh highs. I foresee further ascension after a brief touchback to the Fibonacci retracement levels of 0.5 - 0.618,...
Hello,Friends! NZD/JPY is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.198. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.970 level soon. P.S We determine oversold/overbought...