Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 151.249. Taking into consideration the structure & trend analysis, I believe that the market will reach 151.039 level soon. P.S Please, note that an...
Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.085. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.082 level. P.S Overbought...
Take a look at our analysis for US500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5236.6. 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...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area. Trade safe, Joe.
Hello, dear friends! Today, EURUSD continues to demonstrate its resilience with bullish candles, maintaining its stance above the 1.080 level. The technical outlook remains positive for this pair, but it needs to break through the 1.086 resistance level to solidify its upward momentum. Conversely, a breach below the marked support level could lead to a significant...
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
Hello,Traders! USD-JPY is going up to Retest a horizontal resistance Of 151.960 from where we Will be expecting a Local bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GOLD ready to drop, target is 2128.60 stops above 2182. Use proper risk management. Snipergang Arnoldotradergang
Hello,Friends! We are targeting the 149.129 level area with our short trade on USD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 191.147. The above observations make me that the market will inevitably achieve 187.678 level. P.S The term oversold refers to a condition where an asset has...
I'm still bearish going into this week on GU but waiting for the week to set up before getting active. We can see the most recent highs taken out before they continue with the bearish price action. Just have to be patient and wait.
Greetings! Today, gold remains stable following a quiet Monday with no significant news releases. Last week, gold hit a new high after Fed Chair Jerome Powell hinted at a possible 0.75% rate cut by the Fed in 2024. The market now sees a 70% chance of a June rate cut, up post-policy meeting. Gold's outlook is bright, fueled by policy shift expectations, strong...
Hello everyone, yesterday we initiated a buy order, and fortunately, the price moved exactly as we anticipated. However, the uptrend is not yet fully assured as the price is still adjusting and retracing to the 0.5 - 0.618 Fibonacci zone, part of its correction phase. Although the overall trend has yet to be clearly defined and the persistent sideways movement is...
Greetings, today the USDJPY pair is navigating through a quiet trading session, directly facing the resistance at the record high above the 151.00 threshold. The momentum for an upward movement seems to be waning amid fears that the Japanese government might intervene in the forex market to support the Yen, presenting a significant obstacle for buyers aiming to...
Hello, cherished trading enthusiasts! What's your trading strategy for GBPUSD today? I'm eyeing a BUY position for this pair as it begins to show bullish signals. The price is accumulating, and the downward momentum is cooling off. It's time for a trend adjustment after last Friday's sharp decline. My buy target is at 1.267 USD, as indicated on the chart. How...
Hello everyone! Today, EURUSD has shown early signs of a recovery, attempting to adjust its course at the start of the new trading week. After hitting a low of 1.808 last Friday, it's currently trading around 1.082. However, the short-term uptrend of this pair remains uncertain. Technical analysis reveals that it's still trading below the EMA lines, with the EMA...
Hello everyone! Today's gold price is showing quite a promising recovery, with an early surge of nearly 100 pips in the trading session. However, this uptrend is yet to be firmly established, facing numerous uncertainties as the prevailing direction remains bearish, influenced by various monetary policies at play. The immediate resistance levels that gold must...
Gold Outlook: As the week kicks off, gold's price (XAU/USD) remains comfortably above $2,100, buoyed by expectations that the Federal Reserve may cut interest rates later this year. All eyes are on the forthcoming US GDP data for Q4, anticipated at a steady 3.2%, which could inject new life into the market. Currently, gold hovers around $2,168, experiencing a...