Hello,Traders! EUR-GBP fell down and The pair is locally oversold So as it is about to retest The horizontal support at Around 0.8500 we will be Expecting a local Bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60750 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60750 support and resistance area. Last night the RBNZ did consider raising rates which should give a boost to the kiwi meanwhile on the other...
Potential breakout in Cipla? Let's understand. Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now and we might see a strong breakout. Coming to my momentum...
Take a look at our analysis for US30. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 39,853.77. Considering the today's price action, probabilities will be high to see a movement to 40,277.47. P.S We determine oversold/overbought condition with RSI...
Here is our detailed technical review for AUDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.666. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.669 level. P.S Please, note that an...
Please, check our technical outlook for NAS100USD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 18,677.5. The above observations make me that the market will inevitably achieve 18,790.4 level. P.S We determine oversold/overbought condition with...
The USD/JPY pair extended its winning streak into the fourth consecutive session on Tuesday. This asset strengthened as the US Dollar appeared stable, thanks to Federal Reserve (Fed) officials affirming that interest rates would remain at their current level for an extended period. The short to medium-term bullish outlook remains intact, with the pair maintaining...
EUR/USD lingered near familiar levels during a subdued Wednesday trading session. Discussions from Federal Reserve officials dominated headlines but offered little new insight for investors, limiting risk appetite and resulting in bids closing close to the EUR/USD opening price around 1.0853. From a technical standpoint, the daily chart for the EUR/USD pair shows...
The GBP/USD pair continues to engage in a sideways motion and consolidation after breaking through the 1.070 resistance level, which has now transformed into a new support zone. In the short term, the currency pair remains confined within a range, experiencing a couple of false breakouts. The next movement seems to favor the buyers, however, close monitoring is...
Hello everyone, let's dive into today's EUR/USD update! Market Insights: The EUR/USD exchange rate has experienced a dip back to 1.0880 this Monday, influenced by comments from Federal Reserve officials that added weight to an otherwise calm market atmosphere. The broader markets are nervously anticipating signs of interest rate cuts from the Fed, but...
BTCUSDT has resumed its upward trajectory, surpassing the resistance level at $71,300, and shows a positive outlook as it continues to perform well above the 34 and 89 EMA lines. Once it breaks through the $73,000 mark, a realm of new possibilities will open up, offering substantial opportunities for the bulls to pursue new record highs.
Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Trading Plan: Long Position Entry..! 1. Market Situation: - Currently heading towards the 1w +fvg (insert specific market or asset). - Anticipating a price action to reach the 4h fvg (four-hour Fibonacci retracement level). 2. Expected Scenario: - Anticipating a potential rejection at the 4h fvg level. 3. Response Strategy: - If the expected rejection occurs,...
Bought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone. Despite multiple small "sellers" selling, price continued to trend upwards, and strongly. Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer. Both TP at 1R. It isn't exactly 1R for me in terms of...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. Trade safe, Joe.
Please, check our technical outlook for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.854. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.855 level. P.S The term oversold refers to a...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2405 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2405 support and resistance area. Trade safe, Joe.