The EUR/USD pair is currently oscillating within a narrow range of 1.0750 - 1.0722 during the Asian session on Wednesday, consolidating the losses accumulated over the past three days. This period of consolidation comes as traders adopt a cautious approach, awaiting significant economic events before committing to new directional bets. Market Sentiment and...
The EUR/USD pair started the new week with a bearish gap, falling to its weakest level in a month below 1.0750. Despite technical indicators on the H4 timeframe suggesting oversold conditions, the Euro might struggle to stage a significant rebound given the current risk-averse market environment. Market Overview The US Dollar (USD) has gained strength...
Gold ready to fly 2325.00 level with cpi data if unfortunately broke 2313.00 support level wait retest the support area 2310.00 - 2313.00 for selling gold if broke 2319.00 level can go for buy order
My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2718 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2765 Safe Stop Loss - 1.2685 About Used Indicators: A super-trend indicator is plotted on either above or...
Take a look at our analysis for NAS100USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 19,001.1. Considering the today's price action, probabilities will be high to see a movement to 19,199.3. P.S Overbought describes a period of time where there has been...
Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,306.082. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,255.530...
Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.911. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.919 level. P.S Overbought describes a...
www.tradingview.com The gold market is currently in a holding pattern, with traders reluctant to make premature decisions due to upcoming significant news. A consolidation below the level of 2315 is observed. A false break of support has led the price to retest the 2310-2315 range, after which traders are pausing before the news release. All attention is...
Hello,Friends! We are targeting the 103.530 level area with our short trade on AUD/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. ✅LIKE AND COMMENT MY IDEAS✅
Good morning, after yesterday's clearance of the main high-liquidity zone, we got a reaction and shifted the structural context to bullish. This morning, I was looking for positions with targets at the PDH, but unfortunately, there was no suitable setup. In two hours, we have the Inflation Rate news, so I am stepping away from the chart to let the price move as it...
Hello,Friends! NZD/JPY is making a bullish rebound on the 3H 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 96.096 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on BITCOIN, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 66260. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! SPY is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! Previous week’s red candle means that for us the SILVER pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 31.834. ✅LIKE AND COMMENT MY IDEAS✅
TAKE PROFIT 1 : 2314 TAKE PROFIT 2 : 2324 STOP LOSS 2302.97 When hitting targets ; ⭐️Set Break-Even after first target. ⭐️Partial close at minimum 40-50 pips. ⭐️Implement minimum 2 layers in the zone Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital
One more EURO pair that looks oversold to me is EURCAD. The price formed a triangle pattern on an hourly time frame. Its resistance was broken and an hourly candle close above that. We may see a correctional movement now. Goals: 1.4790 / 1.4803 ❤️Please, support my work with like, thank you!❤️
US CPI data and US Fed Interest rate decision both falling on the same day. (This only happens 13 times since 2008!!) Here, I look to share my thoughts on how the CME_MINI:ES1! (S&P index futures) along with the USD Dollar Index ( TVC:DXY ) can be expected to move in light of the 2 important economic news. This is just me sharing from a top down analysis...
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