Hello, Friends! We are going long on the USD/CAD with the target of 1.376 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 87.651 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 169.867. ✅LIKE AND COMMENT MY IDEAS✅
USD/JPY holds recovery from two-week lows of 144.95 USD/JPY is trading near 145.50 early Wednesday, sustaining the bounce from two-week lows of 144.95. The pair has recovered following a bigger-than-expected Japan's Merchandise Trade Deficit, which weighed on the Yen despite a risk-off mood. Fed Minutes eyed. BUY USDJPY now zone 145.700-145.500 ↠ Stoploss...
Take a look at our analysis for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.503. The above observations make me that the market will inevitably achieve 102.220 level. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 29.576. Taking into consideration the structure & trend analysis, I believe that the market will reach 31.792 level soon. P.S Overbought describes a period of...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.112. Considering the today's price action, probabilities will be high to see a movement to 1.109. P.S Please, note that an oversold/overbought condition can...
Take a look at our analysis for AUDJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 98.373. 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 the way...
Gold expenses had been little modified this morning, the USD weakened and buyers more and more more consider that americaA Federal Reserve (Fed) might also additionally reduce hobby prices in September. "The essential driving force of the upward thrust in gold expenses has been economic funding demand, particularly as ETF shopping for has stepped forward and...
Gold prices were little changed this morning, the USD weakened and investors increasingly believe that the US Federal Reserve (Fed) may cut interest rates in September. "The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle...
AUDJPY may retrace from a key daily/intraday horizontal resistance. As a confirmation, I spotted a double top pattern on an hourly time frame with a confirmed breakout of its neckline. We may see a retracement at least to 97.7 level. ❤️Please, support my work with like, thank you!❤️
☘️Fundamental Analysis Gold prices extended their bullish consolidation above the psychological $2,500 level heading into the European session on Wednesday and remained within striking distance of the record high hit the previous day. Investors appeared to be betting that the Federal Reserve would begin its policy easing cycle and announce 25 basis points (bps) in...
✅GBP_NZD is going down now But a strong support level is ahead at 2.1108 Thus I am expecting a rebound And a move up towards the target at 2.1220 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL keeps falling But a strong horizontal Support level is ahead At 71.75$ and after The retest a local bullish Correction will be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! GBP-AUD is going down And the pair broke the Key horizontal level Of 1.9260 which is now A resistance, then went Down, made a pullback And a retest of the Resistance and is now Moving down again so We are bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD will be retesting a resistance level around 1.1137 soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! ETHEREUM is trading above The horizontal support level Of 2535$ so after the retest We will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅USD_CAD is set to retest a Strong support level below at 1.3600 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 1.3660 LONG🚀 ✅Like and subscribe to never miss a new idea!✅