Take a look at our analysis for DXY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.664. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.026 level. P.S The term oversold refers...
Please, check our technical outlook for AUDUSD. Time Frame: 15m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.661. The above observations make me that the market will inevitably achieve 0.662 level. P.S Please, note that an oversold/overbought condition can...
✅USD_CHF has been falling recently And the pair seems locally oversold So as the pair is approaching a horizontal support of 0.9000 Price growth is to be expected after the retest LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! We are going short on the EUR/JPY with the target of 169.809 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for NAS100. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18,679.71. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18,824.15 level. P.S The term oversold refers...
Hello,Traders! CHF-JPY went up sharply But the pair has hit a Horizontal resistance level Of 172.690 and we are Already seeing a bearish Reaction so we will be Expecting a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
This is weekly chart i think op is inside an ascending channel and the price action would be as shown in the chart long ime accumulation would be make a massive breakout ... our market top target is 40$ buy zone is in between: 2.5 -2 best regards Ceciliones🎯
BUY ABOVE - 22500 SL - 22420 TARGETS - 22550,22600,22650 SELL BELOW - 22420 SL - 22500 TARGETS - 22350,22300,22230 NO TRADE ZONE - 22500 to 22550 Previous Day High - 22700 Previous Day Low - 22420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
EUR/USD rebounded from the 1.08150 demand area and closed in positive territory on Thursday. The pair fluctuates above 1.0830 during the European session as investors remain cautious ahead of key inflation data. The US Bureau of Economic Analysis (BEA) revised the annualized first-quarter Gross Domestic Product (GDP) growth down to 1.3% from the initial estimate...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 31 May 2024 BUY LIMIT Order: $2333.83 Stop Loss: $2322.41 Take Profit 1: $2345.00 Take Profit 2: $2359.86 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
✅GBP_USD is going down now But a strong support level is ahead at 1.1485 Thus I am expecting a rebound And a move up towards the target at 1.1557 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The GBP/CAD pair recently reached a market high on September 23, 2023. Presently, the price is situated in an accumulation area, suggesting the potential for a bearish reversal. Technical analysis indicates that the pair may retrace to the 1.7300 level and potentially beyond. Given the current market conditions, we have identified signs that support a possible...
Hello,Traders! AUD-CHF is going down But the pair will soon Hit a horizontal support Level around 0.5982 From where a bullish Rebound is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Technical Analysis The price dropped by approximately 1.30%, as mentioned in the previous analysis. Currently, the price will trade between 18,435 and 18,550 until a breakout occurs. Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250. Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and...
On Wednesday, the Canadian Dollar experienced a weakening trend across various currency pairs, as the safe-haven appeal of the US Dollar gained traction in the broader market. This decline in the Canadian Dollar's value was notably influenced by subdued bid-to-cover ratios observed in a US Treasury auction held on Tuesday, which contributed to dampened market...
The Japanese Yen continued to weaken on Thursday, even as economic data showed a positive trend. The Tokyo Consumer Price Index (CPI) increased to 2.2% year-over-year in May, up from April's 1.8%, which marked a 26-month low. In addition, Japan’s Retail Sales (YoY) grew 2.4% in April, accelerating from a downwardly revised 1.1% rise in March and surpassing market...
Technical Analysis The price dropped and reached our weekly target of 38,050, as mentioned at the beginning of the week. Now, the price will likely attempt a retest up to 38,190 and 38,400 before potentially dropping again. The bearish trend will be activated by stability below 38,050, targeting 37,820. A bullish scenario will be triggered if the price breaks...
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 1D 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...