After a shift to a bearish context, we saw a strong reaction aiming to cover the fractal liquidity above. This was followed by a continuation of the bearish order flow. The targets are marked on the chart below. The invalidation of this scenario would be a price close above 1.09. Stay tuned for more detailed analysis throughout the week.
Friday's fundamentals were very bullish for Dollar Index. The market formed a strong bullish candle on a daily and reached a key horizontal resistance. Next week, wait for a bullish breakout of 105.56 resistance and a daily candle close above that. It will be an important sign of strength of the buyers. The market will most likely keep growing then to 106.0...
USDCAD nicely bounced from a key intraday structure support yesterday. The price reached a resistance line of a falling parallel channel. I believe that the pair has a nice growth potential. To confirm that, I will be waiting for a bullish breakout of a resistance line of the channel. 4H candle close above that will confirm a violation. A bullish movement...
Take a look at our analysis for BITCOIN. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 64,471. Considering the today's price action, probabilities will be high to see a movement to 68,581. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for GBPCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.130. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.127 level. P.S The...
Here is our detailed technical review for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 38,672.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 39,721.8 level. P.S Overbought...
Take a look at our analysis for NZDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.612. Considering the today's price action, probabilities will be high to see a movement to 0.608. P.S The term oversold refers to a condition where an asset has traded...
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 77.14 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Bullish trend on EUR/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.753. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! BITCOIN is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 70453 level. ✅LIKE AND COMMENT MY IDEAS✅
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Nat gas closed the week negative. We have now had 2 consecutive weeks of sell side pressure. Next week we will get the golden cross on the daily chart. Typically this is a medium to long term signal. Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
Technical Analysis and Outlook: The index completed our Inner Index Rally 5480 and is in the process of squeezing the price action to the primary target, Mean Sup 5420. Renewed upside movement is expected from Mean Sup 54200.
Technical Analysis and Outlook: The Eurodollar has hit our Mean Support of 1.067, as indicated in the Daily Chart Analysis for the Week of June 14. Currently, the currency is performing a dead cat rebound gig back to the completed Mean Res 1.074 target.
Technical Analysis and Outlook: Bitcoin hit our Inner Coin Dip of 64500 on the money and dipped to a lower target marked as Inner Coin Dip 63100. We anticipate a robust upward bounce from this point to reach the mean resistance level of 66500.
✅USD_JPY keeps trading In a strong uptrend and we Are bullish biased long-term However, the pair will soon HIt a very strong horizontal Resistance of 160.220 from Where a local bearish correction Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-CHF will soon be Retesting a horizontal Resistance level of 1.1337 And after the retest we Will be expecting A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!