Hello,Friends! USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 85.74 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Overall, EUR/USD is still maintaining a downward trend. EUR/USD has dropped to near the 1.0620 level at the beginning of the Asian trading session on Wednesday. This indicates the strength of the US Dollar compared to the Euro in recent times. However, when looking at the technical charts, we can see some positive signals suggesting that the price may be...
Here is our detailed technical review for EURCAD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.464. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon. P.S The term oversold refers to a...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region. Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood. Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
Overall, the price of Gold is still maintaining its upward momentum. In the Asian trading session on Tuesday, the price of gold continued to rise below the $2,400 mark. However, political tensions in the Middle East are gradually easing, and strong economic data from China could potentially slow down the pace of gold's ascent. Looking at the 4-hour chart, we...
At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at the chart, it's evident that the price of gold is heading towards the target of 2,400...
Hello,Traders! AUD-CAD is falling down But will soon hit a horizontal Support line and after the Retest we are likely to see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K. + It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the...
USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen. However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...
Overal, USD/JPY is still maintaining a strong upward trend, reflecting the robustness of the US dollar against the Japanese yen. However, upon looking at the chart, it shows that the price has declined and touched the Simple Moving Average SMA 50 below the 154.00 level. Touching this area may require some modest pullbacks before any further increases occur.
The British Pound continued its decline to $1.2410 USD as the UK's Office for National Statistics (ONS) reported weak labor market data. From a technical perspective, the GBP/USD pair remains supported in its downward trend, with expectations of further decline towards the round support level at $1.2400 USD. However, there are positive signs when looking at the...
Attention Traders, In today's trading session, our focus is on USOIL, with our sights set on a potential buying opportunity around the 84.70 zone. USOIL has recently broken out of a downtrend and is currently in a correction phase, approaching the critical support and resistance zone at 84.70. Adding depth to our analysis, it's essential to consider the...
GBP/USD traded slightly lower on Tuesday, below the 1.2450 level during the early European trading session. Despite some minor fluctuations, overall, the GBP/USD pair maintains a downward trend. This stability is encouraging investors to proceed with caution when entering the market. However, prices are gradually adjusting and expected to rise again. Yet, they...
Attention Traders, In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800. Adding depth to our analysis, let's incorporate the fundamental...
Hello,Friends! EUR/GBP pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.855...
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...
EUR/USD continues to decline sharply, trading near the 1.0610 USD level during the Asian session on Tuesday. This downward trend is attributed to the strength of the USD, driven by strong signals of economic growth in the United States. On the 1-hour chart, we can observe that the price is gradually rebounding after a period of steep decline. It is forecasted...