Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. 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 168.879 area....
Hello,Friends! We are going long on the EUR/CAD with the target of 1.486 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.142 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, Brian here! 👋 Today, gold continues to move within its descending channel, and my focus remains on selling opportunities: Friday Market Update: As we head into the weekend, gold maintains its downward trend. The liquidity range for SELL positions is currently between $2316 and $2320. Key Levels to Watch: Upper Breakout Level: $2325 Lower...
Gold Market Recap Price Movement: Current Status: Gold dropped back to $2310-$2315 after briefly rising. Reason: Fed’s signal of only one rate cut in 2024 due to high inflation led to this pullback. Key Economic Data: CPI Data: May CPI was flat, and core CPI rose 0.2%, both below expectations. Dollar Impact: The USD Index fell by 0.6% after the Fed's...
Here is our detailed technical review for NZDJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 96.950. Taking into consideration the structure & trend analysis, I believe that the market will reach 97.390 level soon. P.S We determine oversold/overbought...
Hello Everyone, Brian Here! Yesterday, gold moved just as I had analyzed and is currently trading steadily around $2314 in the early hours of today. In the short term, gold has broken its trendline, and we’re seeing the EMA 34 and 89 starting to converge. If the support level at $2310 is breached, I’m planning to continue selling. Wishing you all a successful...
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 29.428. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 31.535 level. P.S Please, note that an...
Take a look at our analysis for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5,386.5. Considering the today's price action, probabilities will be high to see a movement to 5,439.7. P.S Overbought describes a period of time where there has been...
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Hi everyone, Today, we are witnessing a solid recovery in gold prices. Currently, gold is hovering around the 2315 USD mark and continues to trade well within its short-term upward channel. I remain optimistic about gold's upward movement until we receive the CPI news later today. What do you think? Do you believe the CPI report will help gold continue its...
Hey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 18,800 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18,800 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
It is said that RSI has the power to fool you... There is a bearish divergence in the daily chart of Axis Bank Fut but if you notice, RSI has gone up tin the overbought zone multiple times but hasn't broken the 30 mark on the downside. RSI basically indicates strength and it not breaking the oversold range at 30 means that the stock has strength and that the...
BINANCE:RNDRUSDT (1D CHART) Technical Analysis Update RNDR is currently trading at $9.39 and showing overall bullish sentiment. Price has broken out from resistance multiple times and now it has hit the support again and bounced back from the support line. This is showing overall bullish momentum and we have a good long term trade opportunity here. Entry...
Take a look at our analysis for NAS100USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 19,001.1. Considering the today's price action, probabilities will be high to see a movement to 19,199.3. P.S Overbought describes a period of time where there has been...
Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.911. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.919 level. P.S Overbought describes a...
Hello,Friends! Previous week’s red candle means that for us the SILVER pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 31.834. ✅LIKE AND COMMENT MY IDEAS✅