My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7108 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7092 About Used Indicators: Super-trend indicator is...
After seven weeks of bearish sentiment, the Bitcoin market looks significantly different from the bullish euphoria experienced during the climb from $42,000 to $73,800. Now, with less than 48 hours left in the monthly candle, we stand at a critical juncture that could define Bitcoin's trajectory for May. The Moving Average Convergence Divergence (MACD)...
My dear friends, Please, find my technical outlook for GBPCHF below: The price is coiling around a solid key level - 1.1315 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1376 Safe Stop Loss - 1.1279 About Used Indicators: The...
My dear followers, This is my opinion on the QQQ next move: The asset is approaching an important pivot point 414.64 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 423.93 About Used Indicators: For more efficient signals,...
My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0694 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0712 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
If you haven`t sold MRNA at all time high: Then analyzing the options chain and the chart patterns of MRNA Moderna prior to the earnings report this week, I would consider purchasing the 115usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $8.00. If these options prove to be profitable prior to the earnings release, I...
Gold has ended its 5-week winning streak, but it can still increase Gold ended a five-week winning streak on Friday, but its rally is likely not over yet as favorable factors such as demand from central banks continue, even as a wave of net withdrawals continues. from gold ETFs began to reverse. Gold prices increased 0.3% to 2,348.75 USD, but fell sharply...
Gold slid after high inflation in the US extinguished expectations of the Fed cutting interest rates Gold fell ahead of the Fed meeting, where policymakers are expected to keep interest rates high for longer to control inflation. Gold prices continued last week's momentum and fell by 0.8%. According to data, the US core PCE index rose at a breakneck pace in...
As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. . This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more...
USDJPY is forming a move of the potential from resistance to support relative to 150.884. Which indicates the presence of a strong bull market. Earlier, the market formed a false breakdown in the moment of harsh statements of Japanese regulators. But, traders are still selling JPY on the background of strong dollar. Scenario: breakout of the resistance area...
SELL LIMIT: R1 - 27.71800 BUY LIMIT: S1 - 27.04500 Trading Guidelines (SILVER): Risk Management: Risk no more than 1% of your capital per trade. Maximum Trades: Limit yourself to a maximum of 2 trades per day. Trading Sessions: Focus on trading between the London and NY sessions. Discipline: Execute the order at the identified level. Stop Loss and...
SELL LIMIT: R1 - 2353.632 BUY LIMIT: S1 - 2323.364 Trading Guidelines (GOLD): Risk Management: Risk no more than 1% of your capital per trade. Maximum Trades: Limit yourself to a maximum of 2 trades per day. Trading Sessions: Focus on trading between the London and NY sessions. Discipline: Execute the order at the identified level. Stop Loss and...
We continue to remain in a short context. Despite the long movement during the Asian session, positions in the long direction should have been avoided because until the price consolidates above 1.7415, we are still in a short trend.
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 The market is trading in a bearish trend on a daily. After the price updated the low, we see quite an extended correctional movement. The pair is currently approaching a key horizontal resistance. The next bearish wave may initiate from the...
Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.460. Considering the today's price action, probabilities will be high to see a movement to 1.464. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.841. The above observations make me that the market will inevitably achieve 107.241 level. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.221. Taking into consideration the structure & trend analysis, I believe that the market will reach 25.581 level soon. P.S Overbought describes a period...
Hello,Friends! GBP/NZD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level...