Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 86.44. Considering the today's price action, probabilities will be high to see a movement to 84.27. P.S The term oversold refers to a condition where an asset...
Take a look at our analysis for EURUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.086. 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...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
Gold's on the rise again, hitting $2,352.5 early in Asia . The uptick's all about folks ducking into safe havens because of conflict worries. Eyes are peeled for the Fed's notes and the US inflation figures dropping later to get the scoop on where interest rates are headed. If March's CPI spikes more than we're thinking, it could shake up the gold scene. But if...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
The Euro is still fluctuating around the 1.0850 level, constrained by support and resistance levels. Looking at the 4-hour chart, signs of price increase are still evident at the current moment. EUR/USD is expected to encounter the highest initial resistance level so far in April at 1.0885, and then continue to rise to higher levels. The price remains above the...
EUR/USD started the new week on a strong note, bouncing back to the 1.0860 area after Friday's dip. Market sentiment remains optimistic despite reduced bets on a June Fed rate cut, while the 10-year US Treasury yield hit a 4-month high at nearly 4.43%, reflecting shifted expectations for Fed rate cuts later this year. Despite strong US Non-Farm Payroll data...
The price of gold is gently declining below $2,350 in Wednesday's Asian trading session, following its new record high of $2,365 on Tuesday. Gold traders seem to have pocketed profits after a relentless rally and ahead of the highly anticipated release of the US CPI inflation data. On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical...
The Gold market has experienced some fluctuations in recent days. In Wednesday's Asian trading session, the price of gold saw a slight adjustment as it dropped below the threshold of 2,350 USD, after reaching a new record high on Tuesday at 2,365 USD. Looking at the chart, we can observe signs of price correction towards a retracement, followed by a short-term...
Hey there, trading warriors! 🌟 Today, gold's ascent continues, with its long-term bullish trend still receiving hearty applause. Currently, this precious metal is gracefully navigating around the $2342 mark in the early hours of Tuesday. The stage is set for the bulls to keep their strategies shining, as the price confidently struts above both the EMA 34 and 89....
Hey everyone, what's your take on today's glittering gold market? Gold continues its bull run into Tuesday, cruising around the $2356 mark, boasting an impressive surge of about $17, roughly equivalent to a 170 pip climb. With gold having shattered its previous resistance levels, predicting its next move is more art than science, hinging largely on market...
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...
Waiting for rejection off the liquidity zone. Selling only after the break below the HMA and the retest of the liquidity zone. The break below the HMA has already happened. In the area of the retest of the liquidity zone at the moment. Looking to sell from that zone. Trading this off a higher timeframe as this is a 3 week swing at the least **This is just my...
USD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a...
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2263.314 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 82.69. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.286. 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...