Here is our detailed technical review for ETHUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 3267.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon.
P.S
Overbought describes a period of...
Please, check our technical outlook for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2319.831.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2384.107 level.
P.S
Overbought describes a period...
Take a look at our analysis for EURGBP.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.858.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 level.
P.S
The term oversold refers to...
Here is our detailed technical review for NZDUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.594.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.591 level.
P.S
Please,...
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.068.
Considering the today's price action, probabilities will be high to see a movement to 1.072.
P.S
Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.701.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 26.827.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 24.820 level.
P.S
Overbought...
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 trading around a solid horizontal structure 105.841.
The above observations make me that the market will inevitably achieve 107.241 level.
P.S
We determine oversold/overbought condition with RSI...
Here is our detailed technical review for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 17264.3.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 17748.6 level.
P.S
We determine...
Please, check our technical outlook for SPX.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 4966.93.
The above observations make me that the market will inevitably achieve 5113.40 level.
P.S
We determine oversold/overbought condition with RSI...
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 82.08.
Considering the today's price action, probabilities will be high to see a movement to 83.80.
P.S
Please, note that an oversold/overbought condition can last for a...
Take a look at our analysis for US500.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 5039.2.
Considering the today's price action, probabilities will be high to see a movement to 5120.2.
P.S
We determine oversold/overbought condition with RSI...
At the beginning of April, Japan's ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. Well now the pair trade less than 80 pips beneath this key level (and less than a day's trade by recent standards), 155 is certainly the level to watch today.
The strength of the bullish 1-hour trend makes it seem that USD/JPY has little...
Please, check our technical outlook for AUDUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.645.
The above observations make me that the market will inevitably achieve 0.642 level.
P.S
Please, note that an oversold/overbought condition can...
Here is our detailed technical review for GBPAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.919.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.930 level soon.
P.S
The term oversold refers to a...
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 105.968.
Considering the today's price action, probabilities will be high to see a movement to 103.741.
P.S
We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2340.10.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
