EURUSD broke and closed above a wide horizontal daily supply area. It clearly indicates the strength of the buyers. We can anticipate a further bullish continuation. Next resistance - 1.09725 ❤️Please, support my work with like, thank you!❤️
Hello traders! This is an area where I have been expecting gold to fall for a long time. Since the price has reached the POI, I will wait for additional confirmation to go long to $2500. This is the idea of swing/position trading (very long term). It can also be considered as an investment idea. However, the risks must be calculated and you must have a proper...
Please, check our technical outlook for US500. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 5122.0. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 4997.2 level. P.S The...
Please, check our technical outlook for NZDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.609. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.611 level. P.S Overbought describes a...
Take a look at our analysis for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2125.722. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2140.229 level. P.S We determine oversold/overbought...
Here is our detailed technical review for NAS100USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 17959.5. Considering the today's price action, probabilities will be high to see a movement to 18481.5. P.S The term oversold refers to a condition where an...
Due to the weakness of US Dollar, NZDUSD looks bullish. I spotted a nice double bottom formation on a daily. The closest strong resistance is 0.619. The pair will most likely reach that structure soon. ❤️Please, support my work with like, thank you!❤️
USDCAD is trading within a huge rising wedge pattern on a daily time frame. After a test of an upper boundary of the wedge, the price formed a double top formation and violated its neckline yesterday. We may expect a bearish movement to the support of the wedge now. ❤️Please, support my work with like, thank you!❤️
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Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 110.317. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level. P.S Please, note...
Take a look at our analysis for CHFJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 169.883. 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...
Please, check our technical outlook for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.827. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.834 level soon. P.S Please, note that an...
Take a look at our analysis for USDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.885. 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...
NASDAQ:INTC has reached run-up Point of control and accumulation is now taking place. I predict a jump to $47.25... Bear in mind, this is the daily chart, and we are still technically in a down-trend. So this would be more of a swing trade.
Here is our detailed technical review for AUDUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.648. Considering the today's price action, probabilities will be high to see a movement to 0.644. P.S Overbought describes a period of time where there has...
Here is our detailed technical review for BITCOIN. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 63698. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 65215 level. P.S We determine...
Please, check our technical outlook for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103.822. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 104.027 level. P.S The term oversold refers...
Take a look at our analysis for GBPCHF. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.118. The above observations make me that the market will inevitably achieve 1.125 level. P.S Overbought describes a period of time where there has been a...