EURCHF looks very bearish after a breakout of a neckline of a descending triangle on a daily. I think that the pair will drop lower. Next support - 0.959 ❤️Please, support my work with like, thank you!❤️
My dear followers, I analysed this chart on GBPJPY and concluded the following: The market is trading on 200.54 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 199.75 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price...
Here is our detailed technical review for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 157.343. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 157.222 level. P.S The...
Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 77.66. Taking into consideration the structure & trend analysis, I believe that the market will reach 72.82 level soon. P.S Please, note that an...
BUY ABOVE - 49910 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49910 TARGETS - 49480,49290,49050 NO TRADE ZONE - 49530 to 49780 Previous Day High - 49940 Previous Day Low - 49530 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
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...
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Technical Analysis: USNAS100 The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a...
The USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The...
BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Gold increased for the second consecutive trading day, the gold price once reached 2,320 USD. The market will receive the Federal Reserve's interest rate decision and US CPI data, which is expected to explode the market. US CPI Data and Federal Reserve Decision Coming Soon. US May CPI data will be released a few hours before the Fed decision. If inflation stays...
Telegram is bouncing off the support level and the ascending trendline. Bullish movement is expected to continue and reach the resistance level at $7.5
Gold managed to rose for a second day after Friday's strong NFP selloff, but bulls clearly lack conviction looking at the small bullish candles on the daily chart. This has allowed a retracement channel to form on the 1-hour chart, which suggests momentum could eventually turn lower. With US CPI potentially coming in hot and the Fed pushing back on cuts, it could...
SP500 Index Technical Analysis SPX Continues Its Bullish Trend The price successfully retested and pushed higher, reaching our previously mentioned target. Today's Outlook: The market is maintaining its bullish trend, aiming for approximately 5420. The release of the CPI data today will significantly impact the market. A CPI reading below 3.4% is...
Please, check our technical outlook for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 200.139. 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...
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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 approaching a significant support area 29.428. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 31.535 level. P.S Please, note that an...
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 173.688. ✅LIKE AND COMMENT MY IDEAS✅