Here is our detailed technical review for EURCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.946. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.952 level. P.S The term oversold...
My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.3613 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3685 Safe Stop Loss - 1.3569 About Used Indicators: A super-trend indicator is plotted on either above or...
Here is my latest structure analysis and important support & resistance levels for AUDUSD. Resistance 1: 0.6784 - 0.6800 area Support 1: 0.6633 - 0.6643 area Support 2: 0.6550 - 0.6568 area Support 3: 0.6349 - 0.6367 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
My dear friends, My technical analysis for EURCHF is below: The market is trading on 0.9476 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9626 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
The NZD/USD pair has reached a key supply area around 0.6168, which coincides with a significant resistance zone on the daily timeframe. This area has attracted attention due to the confluence of several technical and fundamental factors. According to the latest Commitment of Traders (COT) report, retail traders are increasingly taking long positions in the pair,...
Today's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend. In this video I cover Gold, Bitcoin, and the SPY. What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply...
Nearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop. And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis. Since...
The EUR/USD pair extended its rally for the fourth consecutive day, reaching new 2024 highs around 1.1170. This surge has been fueled by continued weakness in the US Dollar (USD), which has been under pressure as market sentiment shifts. The US Dollar Index (DXY), a measure of the USD’s strength against a basket of major currencies, fell below the critical 101.00...
Hello, Friends! It makes sense for us to go long on USOIL right now from the support line below with the target of 79.20 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.307. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently 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 1.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello, Friends! GOLD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 30m timeframe the pair is going down. 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 2,518.970 area....
keep an eye on the Fed's next moves The initial jobless claims report and S&P Global PMI data will provide further signals on the health of the US economy. Initial jobless claims for the week ending August 17 are expected to rise to 230K, up slightly from 227K last week. Services activity is expected to contract slightly, while the manufacturing PMI is expected to...
Gold resumed its losses today and hovered near an all-time high after minutes from the US Federal Reserve's latest meeting showed officials were strongly inclined to cut interest rates at their September policy meeting. "Gold has the potential to move higher but not accelerate sharply without any unexpected events to spur it," Tai Wong added. "Gold prices closed...
Gold could be a huge sell as gold has shown weakness on Resistance level now gold is going to fill up an FVG which is almost done so we will be selling gold over 2510 level that is a great physiological level to sell gold
Aap is looking good at current price. You can teade it with proper ER & position sizing. Do not blindly buy it. Always focus on SL
✅DXY will soon retest a key support level of 100.600 So I think that the index will make a rebound And go up to retest the supply level above at 101.500 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-CAD will soon hit A horizontal resistance Of 1.7852 and after The retest we will be Expecting a local Bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!