Please, check our technical outlook for USOIL. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 77.37. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 79.37 level. P.S The term oversold refers...
Take a look at our analysis for NAS100USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 17940.7. 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 EURAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.650. The above observations make me that the market will inevitably achieve 1.654 level. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for US30. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 37667.71. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 38367.61 level. P.S We determine...
Take a look at our analysis for GBPNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.080. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.061 level soon. P.S We determine oversold/overbought condition...
Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.863. The above observations make me that the market will inevitably achieve 0.856 level. P.S The term oversold refers to a condition where an asset...
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 104.241. Taking into consideration the structure & trend analysis, I believe that the market will reach 105.411 level soon. P.S Please, note that an...
Here is our detailed technical review for GOLD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1996.586. Considering the today's price action, probabilities will be high to see a movement to 1989.900. P.S The term oversold refers to a condition where an...
Take a look at our analysis for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.073. 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 the way...
Please, check our technical outlook for USDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.353. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.358 level. P.S Overbought describes a...
Here is our detailed technical review for EURCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.449. Considering the today's price action, probabilities will be high to see a movement to 1.451. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for NZDUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.607. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.611 level soon. P.S We determine oversold/overbought...
Take a look at our analysis for SILVER. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 22.018. The above observations make me that the market will inevitably achieve 22.500 level. P.S The term oversold refers to a condition where an asset has traded...
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.265. The above observations make me that the market will inevitably achieve 1.255 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.077. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.072 level. P.S We...
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 104.213. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 105.411 level. P.S Please, note that an oversold/overbought...
Please, check our technical outlook for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 50073. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 47699 level. P.S The term...
Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.260. The above observations make me that the market will inevitably achieve 1.254 level. P.S Overbought describes a period of time where there has been a...