Before price's previous break, it was in a consolidation where it eventually swept liquidity below support. It preceded to push to the upside with massive momentum where it eventually consolidated again, forming liquidity above an external range double top(or head and shoulders) and below an internal range support. Since price is currently in a bullish trend, it...
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.14. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 82.95 level. P.S Overbought describes a period...
DGI Game (DGIUSDT) is currently trading at $0.17, which appears to be a good entry point for potential traders and investors. This price point coincides with the support level seen in February 2024. Historically, a drop to this level has been followed by a bullish rally that pushed DGIUSDT to its all-time high of $0.081.
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Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. P.S Please, note that an oversold/overbought condition can last for...
Hello,Friends! Previous week’s red candle means that for us the BITCOIN 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 68926. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 6H 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 1.088 area....
Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 18,905.8. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 20,101.7 level. P.S We determine...
The GBP/USD pair lost its recovery momentum around the 1.2695 mark early in the Asian session on Friday. The major currency pair gradually declined after pulling back from the recent high near 1.2760 amid renewed demand for the U.S. Dollar. Later on Friday, the UK retail sales, U.S. durable goods orders, and the Michigan consumer sentiment index will be...
The USD/JPY pair remained strong above the 157.00 level during Asian trading on Friday, consolidating previous gains despite ongoing risk aversion in the market. This pair benefited from weaker national CPI data from Japan, which pressured the Japanese Yen and supported USD/JPY. The next key focus is on U.S. data, which will determine the pair's next direction....
The EUR/USD exchange rate continued to decline late Thursday afternoon, nearing the 1.0800 level. This drop followed an unexpected increase in the U.S. Services PMI, sparking fresh concerns that the Fed may reduce interest rates less than anticipated. As a result, investors flocked to the safe-haven U.S. Dollar, driving down the value of the EUR/USD pair despite...
Gold prices cooled down today as investors worry that interest rates in the U.S. will not be reduced soon. The precious metal continued to move in the red, trading around $2333. Another reason for the decline in gold prices is the announcement from S&P Global that the U.S. Producer Price Index (PMI) for May reached its highest level in two years. This data pushed...
Take a look at our analysis for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.078. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 level. P.S The term oversold refers to...
Hello,Friends! We are targeting the 2401.890 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Gold prices today have seen a slight decline as expected if gold surpassed the 2375 USD mark. Currently, the precious metal is hovering around 2364 USD, down 0.60% for the day with a drop of 150 pips at the time of writing. Gold is healing its wounds after reaching a five-day high, now sitting below 2370 USD, weakened by the May policy meeting minutes from the...
BTCUSDT is trading near the $70,000 mark today, and the technical outlook remains bullish as the price has broken out of the parallel downtrend channel. After a brief correction and breaking through the record resistance at $73,000, BTCUSDT is expected to head towards the $80,000 target.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2352 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2352 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66100 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66100 support and resistance area. Trade safe, Joe.