Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 5187.64. The above observations make me that the market will inevitably achieve 5061.15 level. P.S Please, note that an oversold/overbought condition can...
Here is our detailed technical review for SILVER. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.564. Taking into consideration the structure & trend analysis, I believe that the market will reach 27.047 level soon. P.S The term oversold refers to a...
Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.073. Considering the today's price action, probabilities will be high to see a movement to 1.076. P.S We determine oversold/overbought condition with RSI indicator. When...
Please, check our technical outlook for AUDNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.095. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.097 level. P.S Overbought describes a period of...
Here is our detailed technical review for SPX500USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5188.9. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.3 level. P.S Please, note that...
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2307.567. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2337.511 level. P.S The term oversold...
Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.478. The above observations make me that the market will inevitably achieve 1.474 level. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for CADCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.660. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.656 level soon. P.S Overbought describes a period of...
Take a look at our analysis for NAS100. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 18063.0. Considering the today's price action, probabilities will be high to see a movement to 16988.7. P.S Please, note that an oversold/overbought condition can last...
Please, check our technical outlook for AUDUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.644. The above observations make me that the market will inevitably achieve 0.650 level. P.S We determine oversold/overbought condition with RSI...
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...
Please, check our technical outlook for USOIL. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 78.43. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 80.05 level. P.S The term oversold refers to a...
Here is our detailed technical review for CADJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 112.872. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level. P.S We...
Take a look at our analysis for AUDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.599. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.602 level. P.S Overbought describes a...
Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2321.11. Taking into consideration the structure & trend analysis, I believe that the market will reach 2404.25 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for NAS100. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 17914.2. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9...
Please, check our technical outlook for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.472. 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...
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...