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GBPUSD Will Move Higher! Long! Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.306. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.316 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD Is Bullish! Buy! Take a look at our analysis for EURAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.655. The above observations make me that the market will inevitably achieve 1.662 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold may rise due to a lower CPI, targeting 2,540.Tonight, the CPI indicator will be released, and it is expected to be lower than the previous period, which could push gold prices higher. Traders should stay attentive to the news. Currently, the XAUUSD chart shows the price moving within an upward channel, with parallel trend lines framing the current price action. The short-term EMA 34 is supporting the bullish trend, as the current price is above both EMAs, confirming the short-term upward trend. The current support level around 2,499 (EMA 89) has shown strong support for XAUUSD, with the price rebounding several times from this level. The nearest key resistance is at 2,540, and if the price breaks this level, it could lead to a more pronounced bullish trend.
OANDA:XAUUSDLong
by Zola_Hello
Gold Price Rises Due to CPI and FedAmidst volatile global financial markets, gold prices have recently shown a slight increase, mainly due to a series of important economic and political news. Investors’ attention has been focused on key economic indicators such as the US Consumer Price Index (CPI), which is closely watched as it can directly influence the Federal Reserve’s monetary policy decisions. A stronger-than-expected CPI growth is typically a sign of rising inflation, which could prompt the Fed to raise interest rates to curb inflation. However, in the current environment, any significant increase in CPI could be seen as an opportunity for the Fed to cut rates rather than raise them, given concerns about a global economic slowdown and current political uncertainties. A rate cut would reduce the opportunity cost of holding non-yielding gold, boosting gold prices. Gold is often seen as a safe investment in times of uncertainty and inflation, when the value of other financial assets may decline. Recent stock market volatility and political instability in many parts of the world have also contributed to the rise in the value of gold as a safe haven asset.
OANDA:XAUUSD
by Naoomi
EUR/USD declines due to expectations of an ECB rate cut.The Euro dropped 0.44% on Monday, continuing its downward trend after breaking the 1.1100 support level. Expectations of an ECB rate cut on September 12 have weighed on EUR/USD. As shown on the chart, the EMA 34 is confluent with resistance at 1.10761, so traders may consider selling when the price reaches this resistance area. Additionally, the break of support further confirms the strength of the bearish side. Therefore, I suggest taking profits at TP 1 around 1.09565 and TP 2 at 1.09224. Traders should monitor further economic events and price action at critical support levels to determine the next trend.
Long
by Romio_pro
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Zola_Hello
1
XAUUSD: Breaking the Resistance Zone!Gold prices are currently fluctuating within a clear resistance and support range. At present, the price is positioned between the 34 EMA and 89 EMA, indicating a tug-of-war in the trend. The 34 EMA and 89 EMA are converging, signaling a potential trend breakout as the price moves out of this range. The key resistance level is around 2,525, a zone where prices have previously been rejected, indicating strong selling pressure. There are two main support levels: one near 2,470 (Support 1) and another closer at 2,489 (Support 2). The price has tested Support 2 once and is showing signs of retesting it. If the price holds above the 2,489 support level and shows signs of a rebound, it may retest the resistance zone at 2,523.48. If this level is breached, the next target could be 2,540 Trading Strategy: Wait for clear signals from price action as it reaches the critical resistance and support zones. If the price breaks out of these zones, consider trading in the direction of the new trend.
OANDA:XAUUSDLong
by Zola_Hello
USOIL Is Going Up! Long! Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 68.519. Considering the today's price action, probabilities will be high to see a movement to 72.583. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
Strong Bearish Pressure Below EMAsThe EUR/USD pair is showing a strong bearish bias, as shown by the 34 EMA crossing below the 89 EMA, a classic bearish sign. This suggests that the market could continue this trend as long as the selling pressure has not subsided, especially as the price continues to trade below both EMAs. On the Fibonacci Retracement chart, the current price zone of EUR/USD is near the 1.1038 level, an area that has served as support for previous rallies. A break of this level could take the pair down to the next support level of 1.09826, according to the 1.618 Fibonacci ratio, which if broken could open a deeper downtrend. Entry Point: Long Position: If the EUR/USD pair rebounds and breaks above the EMA resistance, a short-term long position could be considered. Enter when price breaks above 1.1080. Sell: Enter a sell order if price breaks below 1.1038 support and continues to trend lower. Take Profit (TP): Buy: Place TP around 1.1130, close to the next resistance level on the chart. Sell: Place TP at 1.09826, in line with the 1.618 Fibonacci level where price could find new support. Stop Loss (SL): Buy: Place SL below EMA 89, around 1.1040, to minimize risk if the recovery does not occur as expected. Sell: Place SL above 1.1080, just above EMA 34, to protect the order from sudden moves that could push price back into the uptrend.
by Naoomi
GOLD Will Go Up! Buy! Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,502.602. The above observations make me that the market will inevitably achieve 2,517.088 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
1
EURUSD Will Move Higher! Long! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.104. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.106 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDJPY Is Very Bullish! Long! Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 142.209. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.787 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
XAUUSD Breakout: Awaiting a New Bullish WaveXAUUSD is currently trading within a descending channel and has successfully broken out above this trend. The EMA 34 and EMA 89 have crossed, signaling a potential bullish reversal in the market. The current resistance level is around 2,525, while the short-term support is around 2,485. XAUUSD is likely to fluctuate between 2,480 - 2,530, with a potential rise to 2,530, followed by a correction back to 2,490. Regarding news: Factors influencing gold prices include inflation reports, the Federal Reserve's interest rate policies, U.S. economic data, USD fluctuations, and geopolitical events.
OANDA:XAUUSDLong
by Zola_Hello
2