Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,436.365. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,398.658...
Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 31.547. Taking into consideration the structure & trend analysis, I believe that the market will reach 28.697 level soon. P.S Overbought describes a period of...
Here is our detailed technical review for DXY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 104.420. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 104.977 level. P.S We determine...
Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.270. The above observations make me that the market will inevitably achieve 1.260 level. P.S Please, note that an oversold/overbought condition can...
Please, check our technical outlook for NAS100USD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 18,677.5. The above observations make me that the market will inevitably achieve 18,790.4 level. P.S We determine oversold/overbought condition with...
Take a look at our analysis for EURUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.086. Considering the today's price action, probabilities will be high to see a movement to 1.085. P.S Please, note that an oversold/overbought condition can last for...
Please, check our technical outlook for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.854. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.855 level. P.S The term oversold refers to a...
I will add nothing except that it will go to the aim in two possible ways during the next 6-9 months. Does not constitute a recommendation. #furoreggs #investing #currency #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view
Here is our detailed technical review for GBPAUD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.895. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.881 level soon. P.S The term oversold refers to a...
Please, check our technical outlook for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.479. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.482 level. P.S The term oversold refers to a...
Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 197.696. The above observations make me that the market will inevitably achieve 198.441 level. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for USDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.360. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Take a look at our analysis for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,303.24. Considering the today's price action, probabilities will be high to see a movement to 5,089.73. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 3026.1. Considering the today's price action, probabilities will be high to see a movement to 3253.6. P.S Please, note that an oversold/overbought condition can last for a...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 level. P.S Please,...
Take a look at our analysis for USDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.908. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.905 level. P.S The term...
Here is our detailed technical review for AUDUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.667. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.666 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.752. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.081 level soon. P.S Overbought describes a period of...