USDJPY Will Go Up! Buy!
Here is our detailed technical review for USDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 143.738.
Considering the today's price action, probabilities will be high to see a movement to 144.878.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Buy
GBPAUD Will Move Higher! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.950.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.962 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.
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GBPJPY H4 analysis & Trading Route MapePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Now this is ready for small drop and there we can see it will hot a strong support level around 190 to 190.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
188.9
EMA 5 Cross over.
191.4
191.2
BTCUSDT Trend Strategy and Review.BTCUSDT is currently in recovery mode, gaining upward momentum from the support level of $53,780. As it approaches a key resistance zone, there's a possibility it might form a double top pattern. However, given the current market conditions and technical indicators, I’m anticipating a price rebound with a target of $68,300.
My short-term strategy is to sell, while my long-term play is to buy.
What’s your take? Drop a comment and let me know your thoughts!
SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,711.6.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,801.4 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.
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USDJPY Bullish Outlook?Conan, hello everyone!
After a long period of decline, USDJPY has ended the trading day with a gain, currently trading at 143.85.
It can be seen on almost all timeframes that UJ is making significant gains, indicating a very positive outlook for price growth.
With UJ continuing to trade steadily at this high level, it is likely that the 142.80 price level will be retested in the near future, forming a trend line and using it as a strong support level for further increases. The current expected price level is 144.00 and then 147.00.
AUDCAD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.92150 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.92150 support and resistance area.
We would also like to consider the current bullish bias on Indices, due to the positive correlation AUDCAD can benefit from that.
Trade safe, Joe.
XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2580 to 2585 price level.
EMA 5 Crossing levels:-
2590 To 2593
Retracement Zone:-
2580 To 2585
Bullish Gold Levels:-
2615
2638
Bearish Gold Levels:-
2580
2564
2556
2545
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area.
Trade safe, Joe.
Gold prices trade near historic highsGold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD.
On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market sentiment, as investors shed the USD. In addition, technical indicators have extended their advances into positive levels, albeit with limited upside strength as the XAU/USD pair develops below its recent highs.
Given the current situation, do you expect a long-term bullish wave?
EURUSD: Buy to Win?EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button.
Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024 high of 1.1201 (August 26) and the 2023 high of 1.1275 (July 18).
Gold prices steady after FOMC cutHello everyone! Are you curious about the current gold price?
Gold prices fluctuated in a range on Thursday, consolidating their slide after the FOMC rejected the $2,600 level or a new record high the previous day. Persistent geopolitical risks, along with signs of economic uncertainty in the United States and China, supported the safe-haven metal.
EURGBP Will Go Higher From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.841.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 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!
USDJPY: New High Set?Hello wonderful friends!
USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart.
On the technical chart, although the uptrend remains supported and the parallel price channel has been broken, the special thing is that there are signs of a potential top forming at 143.95. My strategy for today is Sell and we should see USDJPY reaching at least 142.00 again, which would be in line with the timing of the EMA test. What do you think about this?
EURUSD H4 Analysis - Bullish - Price Target 1.13Pair Name = EURUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details:-
EURUSD Price already moving above the main trend line. And Got a strong retesting from this Fib retracement level of 0.5 to 0.6. Now getting good volume. Price is gradually breaking the resistance levels. Our target Price will be around 1.12 to 1.13