Please, check our technical outlook for NAS100. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 18199.94. Taking into consideration the structure & trend analysis, I believe that the market will reach 17820.21 level soon. P.S Please, note that an...
AUD/USD, H4 14 March 2024 AUD/USD edged higher as markets anticipated a potential Federal Reserve interest rate cut in June, despite sticky inflation data. Contrastingly, the Reserve Bank of Australia (RBA) hints at potential rate hikes amidst elevated inflammation levels, signalling divergent monetary policies between the two central banks. AUD/USD is trading...
EUR/USD, H4 14 March 2024 EUR/USD experienced modest gains, supported by US Dollar depreciation. However, market sentiment remains mixed as investors weigh macroeconomic outlooks in the Eurozone and the United States. Anticipation builds ahead of potential borrowing cost adjustments by the European Central Bank (ECB) and the Federal Reserve (Fed) in...
GBP/USD, H4 13 March 2024 The Pound Sterling has managed to find support at 1.2780 levels, experiencing a modest rebound from its recent bearish trend. However, recent economic data from the UK has presented some challenges for the currency. Yesterday's release of average earning growth and the unemployment rate fell short of expectations, adding to the pressure...
Please, check our technical outlook for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 109.006. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.549 level. P.S Overbought describes...
Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.276. Considering the today's price action, probabilities will be high to see a movement to 1.286. P.S Overbought describes a period of time where there has...
Here is our detailed technical review for SPX500USD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 5149.7. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 5195.3 level. P.S Please, note...
EUR/JPY -eur/jpy have a supply above the price -price have IMB and LQ above it -If the price mitigate our supply don't enter without confirmations
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 77.81. The above observations make me that the market will inevitably achieve 73.55 level. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.878. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.865 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for SPX500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5128.6. Taking into consideration the structure & trend analysis, I believe that the market will reach 5070.1 level soon. P.S Please, note that an...
Here is our detailed technical review for EURUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.094. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.086...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 102.682. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 103.938 level. P.S Please, note that an oversold/overbought...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2179.748. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2203.850 level. P.S The term oversold...
Take a look at our analysis for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.661. The above observations make me that the market will inevitably achieve 0.665 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for EURGBP. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.851. P.S The term oversold refers to a condition where an asset...
Here is our detailed technical review for CADCHF. Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.649. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.653 level. P.S Please, note that...
Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 77.77. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 79.45 level. P.S We determine oversold/overbought condition...