GBPJPY Will Grow! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 191.937.
Considering the today's price action, probabilities will be high to see a movement to 193.494.
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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Buy
USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 75.25 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/NZD BULLS ARE STRONG HERE|LONG
Hello, Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 12H 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 2.143 area.
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MRVL Marvell Technology Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZS Zscaler Options Ahead of EarningsIf you haven`t bought the dip on ZS:
Now analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $11.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CHPT ChargePoint Holdings Options Ahead of EarningsIf you haven`t bought CHPT before the previous earnings:
Now analyzing the options chain and the chart patterns of CHPT ChargePoint Holdings prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $0.13.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsIf you haven`t sold HPE before the previous earnings:
Now analyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $1.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DKS DICK'S Sporting Goods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DKS DICK'S Sporting Goods prior to the earnings report this week,
I would consider purchasing the 240usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $24.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DOCU DocuSign Options Ahead of EarningsIf you haven`t bought DOCU before the previous earnings:
Now analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2024-9-6,
for a premium of approximately $2.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PATH UiPath Options Ahead of EarningsIf you haven`t bought PATH before the previous earnings:
Now analyzing the options chain and the chart patterns of PATH UiPath prior to the earnings report this week,
I would consider purchasing the 13usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $1.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BUY GOLDYesterday we had quite a lot of price action on gold. Today we are monitoring gold for potential buys especially during New York session. Currently we have buys at 2514 aiming for targets of 2541.269 and stops below 2505. Seeing how gold has retested that resistance level it is likely to test it today and try to break it. Use proper risk management. Watch out for the 8 AM open... wink wink
BITCOIN Will Go Higher! Long!
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 59,244.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 64,297 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.
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EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so EUR-AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.659.
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