Hello,Friends! It makes sense for us to go long on SILVER right now from the support line below with the target of 25.315 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for SILVER. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 24.464. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 25.165 level. P.S Please, note...
EUR/USD embarked on a tactical retreat to the 1.0840 battlefield in the early hours of Friday's Asian session, a maneuver driven by the US Dollar's show of strength and the ascent of US Treasury bond yields. The anticipation is electric as traders set their sights on Germany's IFO Business Climate Index, all while awaiting the strategic revelations from Federal...
Following XRPUSDT's breakout above the descending channel, unmistakable signs of an uptrend have emerged: Higher Highs and Higher Lows: Price action is consistently printing higher highs and higher lows, indicative of upward momentum. Support Zone Transformation: The previous resistance area has successfully transitioned into a support zone, reflecting...
The dollar is trying to recover in today's trading from the US Federal Reserve's strike The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments. In this regard, the dollar incurred strong daily losses at the end of yesterday’s...
Hello,Traders! AUD-USD is trading along The rising support line And the pair has retested The line so as we are already Seeing a bullish rebound A further local move up Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! EUR-USD is going down Now but the pair will Soon retest a horizontal Support level of 1.0795 From where we will be Expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello, cherished companions, yesterday our journey with GBPUSD took us through turbulent waters as we witnessed a sharp downturn. Delving into the fundamentals, GBP/USD has furthered its descent, crafting a 'bearish engulfing' candle pattern that heralds the potential for a deeper plunge. Should the sellers breach the psychological fortress at 1.2600, the path...
Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.352. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.361 level. P.S The term oversold refers...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2180.586. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2328.918 level. P.S Please, note that an oversold/overbought...
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 103.497. Considering the today's price action, probabilities will be high to see a movement to 104.788. P.S Overbought describes a period of time where there has...
Hello friends, let's delve into USDJPY. The US Dollar Index (DXY) has hit a one-week low as the Fed hints at three rate cuts this year. Meanwhile, the Bank of Japan (BoJ) maintained its accommodating financial stance early this week, without signaling any future policy steps or normalization pace. Additionally, the prevalent risk-on mood may deter traders from...
Today's Gold Trading Strategy: On the global market today, gold prices have soared to a new peak of $2,197 per ounce, marking a significant increase of $40 per ounce from early morning. This has set a new record for the highest price in history. The meteoric rise in gold prices comes as the Federal Reserve opts to keep interest rates stable in its latest...
GBPUSD experienced a swift rise in price yesterday, a trend that continues at the current level of 1.279. While the momentum is showing signs of waning as short-term prices begin to consolidate, this point could provide a prime opportunity for short-term trade setups, as per our analysis. The first support zone, derived from the 0.5 - 0.618 Fibonacci retracement,...
Hello,Traders! SILVER is going down now But the price will soon Retest a horizontal Support level below at 24.39$ From where I will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
NASDAQ:PEP -Has been on a bull run since 1981 -Every while does a 10-20% correction, (and up to a 40% correction in case of a major economic crisis) -Always goes back up to a new all-time-high...always -Is now done about 20% from all-time-high -Prices now are the same as it was in Nov 2021 -The last time it did such a correction was in 2020 I would say it is a...
NASDAQ:AXSM - Has been showing strong upside movements with healthy corrections for a while now - Down about 28% from all-time-high now - Strong support levels down from the current price ~$70 - Overall doing great as a company - Take Profit ~$89 as it fills a gap, conservative estimate - Higher profit can be achieved in the long term - Stop loss slightly...
Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.818. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.823 level. P.S We determine...