Hey Traders ! On The Daily Time Frame, The NZDUSD Broke The Support Level (0.59709 - 0.59406). This Key Level Becomes a New Resistance Level. So, I Predict a Bearish Move 📉. TARGET: 0.58800🎯
Last time we looked at the Volatility Index (VIX) on February 06 (see chart below), we caught its exact price action up until the current high: It didn't affect the stock market though up until last week but the price is already approaching peak values. The long-term pattern has been a Channel Down since the September 28 2022 High and every Lower High since...
✅GBP_AUD went up to Retest the falling resistance And we are already seeing a Bearish reaction from the line So we will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range. However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought. Even during Friday's NFP...
Hello,Traders! AUD-USD is trading in a Local downtrend and the Pair broke the key horizontal Level of 0.6458 and the Breakout is confirmed So we are bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Take a look at our analysis for AUDCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.586. Considering the today's price action, probabilities will be high to see a movement to 0.591. P.S We determine oversold/overbought condition with RSI indicator. When...
Market Analysis PT2/2 (16th April 2024) GBPJPY Analysis On the 1 hour timeframe, price action created a bearish Change of Character after rejecting off a psychological level at 192.700. In the process of forming a 1 hour CHOCH, price also created as 15 minute orderblock that hasnt been tested. I am expecting price to retrace towards the 15 minute...
Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2347.049. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2397.410 level. P.S Please, note that an...
Take a look at our analysis for GBPAUD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.926. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.944 level. P.S The term oversold refers to...
Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.818. Considering the today's price action, probabilities will be high to see a movement to 0.814. P.S Overbought describes a period of time where there has...
Hello dear traders, let's discuss and plan a new day's strategy with me! Overall, GBP/USD recovered early Monday and rose above 1.2450 after falling to its lowest since November of 1.2426 before the weekend. The technical outlook suggests the bearish bias remains intact but de-escalation in geopolitical tensions could help the pair prolong its...
Hello warriors! Please join me in discussing and strategizing for the new day! SOLUSDT continues to form a correction during the recovery phase again, receiving support at 130.85. However, overcoming the broken support level around 167.00 is still a challenge and a target. If the bulls cannot muster enough strength to overcome this support, the bears could sink...
BTCUSD struggled with strong selling pressure from short-selling investors, causing the price to plummet to $65,300 at the beginning of the trading week. This downtrend resumed after key support levels were broken. According to technical analysis, the downward trend is likely to continue due to the appearance of a triple top pattern on the chart. If this...
Hello dear traders! ETHUSDT continues to trade in a short-term bearish trend. Overall, ETHUSDT is showing bearish signals as the downtrend channel remains intact, with highs and lows gradually forming. In the short term, the bearish outlook remains intact as long as the bearish channel's limited resistance is not breached, we will see further downturns in the...
Hello dear friends! Please discuss with me! BTCUSDT is currently showing signs of recovery after a string of sharp declines, currently trading at around $66,500, up 1.38% on the day. However, there remains some uncertainty as to whether the uptrend can reestablish, as the price has yet to break above the resistance at $67,600. Overall, the previous downtrend is...
Hello dear traders! Overall, EURUSD volume is still falling, however the previous downturn has leveled off after the previous sharp decline (as I predicted earlier). It is currently trading at 1.0676, after touching 1.062, marking a 0.18% gain on the day. A broad decline in the US dollar and improving risk appetite bode well for the pair, as markets weigh the...
World gold prices increased sharply with spot gold increasing by 41.3 USD to 2,382 USD/ounce. Gold futures prices last traded at 2,400 USD/ounce, up 39.9 USD compared to yesterday morning. Safe hidden demand due to worries about escalating tensions in the Middle East continued to provide energy for the yellow metal in the first trading session of the week. Gold...
Hello dear traders! Come discuss and strategize with me today! Today XAUUSD is still moving according to the strategy of continuing to trade below the $2365 resistance level that needs to be broken. I still maintain my view and continue to wait for a market correction signal (as indicated on h4) with a target of 2280 USD and a retest of EMA 34.89.