GBPUSD Is Very Bullish! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.296.
Considering the today's price action, probabilities will be high to see a movement to 1.303.
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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GBPJPY Is Going Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 197.654.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 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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GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,726.00.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,742.59 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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GOLD SHORT FROM RESISTANCE
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,682.745 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. 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 1.093 area.
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 104.334 level area with our short trade on CAD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/JPY is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 96.684 level.
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Gold Benefits From Political TensionsThe technical analysis of the gold chart shows that the price has increased sharply and broken the resistance level near $2,743/ounce. The EMA 34 and 89 continue to point up, reinforcing the long-term uptrend. It is expected that the gold price may have a correction to the $2,700 level before continuing to increase to higher targets around $2,800 and $2,950, corresponding to the Fibonacci levels 1.0 and 1.618.
The political news factor also contributes significantly to the fluctuations of the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. D.T. wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates may also increase economic stimulus and money injection, further supporting the gold price increase.
GBP/JPY Eyes a Long Setup After Retesting 180.000 Demand AreaThe GBP/JPY currency pair has recently revisited the critical 180.000 level, which has proven to be a significant demand zone. This area has effectively absorbed the selling pressure, leading to a notable price rebound. The interaction at this level suggests that the market is recognizing this zone as a strong support, and the downtrend that previously dominated may be losing steam.
The price action at 180.000 has halted the bearish momentum, indicating that the pair might be gearing up for a reversal. As selling pressure diminishes, buyers appear to be stepping in, which could set the stage for a new bullish phase. Given the strength of the rebound, we are closely monitoring this area for a long setup, aiming for a return to the 200.000 level.
This potential bullish move is supported by the significant bounce from the demand zone, suggesting that the GBP/JPY pair may have found a solid foundation to recover from. The long setup we’re considering at this point is focused on capitalizing on the anticipated upward trajectory, as the pair stabilizes and positions itself for a climb back to previous highs around the 200.000 mark. This area could be the launchpad for a sustained recovery, offering an attractive opportunity for traders looking to ride the bullish reversal.
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Gold Buy or SellThis week we had alot of ATH's (All time high's back to back
Technically as Gold was in Bullish trend so we hace witnessed these also due to geopolitical tension we have seen these New ATH as investors have invested in gold now we are expecting a drop as tension in middle is losen up and drop can be seen in near times
We have a level over 2749-52 level which is fibonachi extension level so we are bullish over gold but a bearish move can be seen after 2749- 52 resistance level if we witness a rejection over there
BOME Long Position (Retest of 21-day EMA)Market Context: BOME is approaching the 21-day EMA after a Market Structure Shift (MSS). We're looking for a retest of the trend to form a higher low, while sweeping liquidity at the $0.075 level. This provides a potential opportunity for entry.
Trade Setup:
Entry: $0.007 - $0.008
Take Profit:
First target: $0.012
Second target: $0.016
Third target: $0.020
Stop Loss: Daily close below $0.006
This setup seeks to capture the bounce from the higher low, capitalizing on the anticipated continuation of the uptrend. #BOME #Crypto #MarketStructure #21EMA #Trading
RNDR Long Position (Accumulation Phase)Market Context: RNDR has been through an extended markdown phase, with market makers taking profits, driving prices down to fair value. Now, the market appears to be in an accumulation phase, where most of the weak hands have exited. This creates an opportunity for strategic entry, positioning for the next bullish move.
Trade Setup:
Entry: $4.70 - $5.30
Take Profit:
First target: $6.30
Second target: $7.50
Third target: $9.00
Stop Loss: Daily close below $4.50
This trade aims to capitalize on the potential accumulation phase as RNDR prepares for a possible move higher. #RNDR #Crypto #Accumulation #PriceAction #Trading
PEPE Long Position (Higher Lows & Support FlipMarket Context: PEPE is forming higher lows above the 21 EMA, flipping resistance into support, indicating potential momentum for the next leg up. We're looking for consolidation around the current support zone and a potential breakout of the $0.000011 resistance level.
Trade Setup:
Entry: Around the current support zone
Take Profit:
First target: $0.000011 - $0.00001134
Second target: $0.00001250 - $0.00001280
This trade is based on the expectation of price coiling and breaking resistance for further upside expansion. #PEPE #Crypto #SupportFlip #EMA
EURUSD The Target Is UP! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0807
Bias - Bullish
Safe Stop Loss - 1.0748
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0902
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CAD-JPY Bullish Breakout! Buy!
Hello,Traders!
CAD-JPY is trading in
An uptrend and the pair
Just made a bullish breakout
Of the key horizontal
Level of 109.100
So we are bullish biased
And we will be expecting
A further bullish continuation
Buy!
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Check out other forecasts below too!
EURAUD Will Explode! BUY!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6192 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.6240
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
QQQ What Next? SELL!
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 494.52
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 492.20
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK