Gold Technical Analysis: 4-hour Timeframe: The first range for a reversal and market turnaround in the 4-hour timeframe is almost the upper limit of the uptrend channel: 2244 - 2252 With targets: 2225 - 2212 - 2180 The above scenario is based on positive gap or market start with a positive trend and reaching numbers until tomorrow's close. Sell signals and...
Hello,Friends! BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Here is our detailed technical review for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.355. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.346...
Hey Traders, in tomorrow's trading session we are monitoring XAUUSD for a selling opportunity around 2,240 zone, Gold is trading in an ascending channel and now pullbacks seem to be extending and approaching the channel resistance. We will be watching closely the price action at market open tomorrow, in case of a confirmation a decent target would be the channel...
Based on technical indicators such as a sudden surge in trading volume and breaking through key resistance levels, bitcoin is currently in an upward trend. This increase indicates significant interest from investors and may lead to further price appreciation for BTC in the upcoming period.
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 resistance area. Trade safe, Joe.
In the upcoming period, it is anticipated that the GBPUSD currency pair will experience a sequence of volatility. Initially, we may observe a minor downtrend then testing of resistance level above. However, the possibility of another significant downturn should not be ruled out, based on technical and fundamental factors influencing the market.
Analyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week, I would consider purchasing the 4usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.88. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought ASTS before the previous earnings: Then analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week, I would consider purchasing the 2.5usd strike price Calls with an expiration date of 2024-4-12, for a premium of approximately $0.50. If these options prove to be profitable prior to the...
Take a look at our analysis for GBPJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 190.950. The above observations make me that the market will inevitably achieve 189.762 level. P.S The term oversold refers to a condition where an asset has...
Hello,Friends! We are now examining the USD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 149.308 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so EUR-NZD 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 1.778. ✅LIKE AND COMMENT MY IDEAS✅
During the past trading week, the USDJPY currency pair closed at 151.342. This signifies that within the market context, the Japanese Yen has maintained its strength against the US Dollar. Based on these developments, the forecast for the upcoming week is for the downward trend to persist. From a technical standpoint, charts and technical indicators have...
Based on the daily timeframe analysis, we observe that the price of Euro is currently below both the EMA 34 and EMA 89 lines. Particularly, the EMA 34 is trending downwards and shows signs of crossing below the EMA 89 in the near future. This indicates a potential downtrend for the Euro towards the support level at 1.0709. Investors and traders may need to pay...
In the serene atmosphere of the Easter holiday, the price of gold is currently holding at an all-time high of $2,236 USD. Most major markets around the world remain closed, despite the US releasing its core PCE inflation figures, a preferred inflation gauge of the Federal Reserve. Investors are expressing confidence in gold as they anticipate the Federal Reserve...
Based on technical analysis, following the price increase on Monday, the price has continued to maintain stability within the range of 68.480 - 71.740. Technical indicators suggest that prices will still continue rising in the near future, with the potential to break through the nearest resistance level at 71.786. This indicates the strength of buying pressure...
Hello traders! As this week's trading session draws to a close, EURUSD faces a downtrend, currently sitting at 1.0775. The pair's further decline seems inevitable after breezing past the formidable 1.0800 support level. The downtrend takes the front seat as the US Dollar revels in the hawkish remarks from the Federal Reserve, with Governor Chris Waller indicating...
Hello, everyone! Today, GBPUSD remains fairly static, hovering around 1.262, with the direction for the day still in limbo as the pair continues its sideways movement. Looking at the broader picture, a downward trend seems to maintain its dominance, with prices constrained below the EMA 34 and 89 indicators. The reversal of EMA 34 signals a promising opportunity...