Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 67698. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 74453 level. P.S We determine...
Take a look at our analysis for EURCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.977. The above observations make me that the market will inevitably achieve 0.981 level. P.S Overbought describes a period of time where there has been a...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 103.996. The above observations make me that the market will inevitably achieve 104.861 level. P.S The term oversold refers to a condition where an asset has traded...
After surpassing the 2.300 threshold, the price of gold experienced a slight decline, but during the Friday trading session in the United States, the market witnessed a brief downturn. Subsequently, gold prices rebounded and continued to surge strongly, surpassing the 2.330 mark to establish a new peak. Despite positive indications of growth in the US Dollar...
The price of gold experienced a slight decrease after reaching the $2,300 mark. However, during the Friday trading session in the US, there was a brief downturn in prices. Nevertheless, it quickly rebounded, continuing its upward trajectory and reaching a new peak at $2,330. Despite signs of market support for the strengthening of the US dollar, XAUUSD continues...
Gold prices are showing signs of reversal after hitting an all-time high above the $2,350 barrier during European trading on Monday. The decrease in bets on a Fed interest rate cut in June and reduced geopolitical tensions have limited gold's upward momentum, despite increased central bank gold purchases. Looking at the H4 chart,, if gold undergoes a correction...
The price of gold has recorded a significant surge, reaching an all-time high of 2,354, immediately after the opening of the Chinese market. This growth has been fueled by the positive sentiment among traders, especially after the People's Bank of China (PBOC) announced an increase in gold purchases. When looking at the H4 chart, we notice that the RSI indicator...
The price of gold has surged to an all-time high, reaching $2,354 as the Chinese market opened for trading. Traders responded positively, surprised by the strong buying activity from the People's Bank of China (PBOC) entering the gold market. However, this calls for caution, suggesting a need to wait for some consolidation in the short term or a modest pullback...
Gold prices experienced a slight decline amidst the backdrop of a strengthening USD. The US Dollar Index, which gauges the volatility of the green currency against six major currencies, marked an increase of 0.21% to 104.105 points. This dip in gold's value comes as Federal Reserve officials continue their deliberations on the timing for interest rate cuts – a...
Dear Traders, As we delve into today's trading session, our attention is squarely fixed on USDCAD, where a compelling buying opportunity may emerge around the 1.35750 zone. Within the realm of USDCAD's current uptrend, we're witnessing a notable correction phase, drawing the pair closer to the critical support and resistance juncture at 1.35750. This juncture...
Hello,Traders! GBP-JPY is trading along the Rising support and the pair Has already made a bullish Rebound which reinforces Our bullish bias and we Will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! AUD-CHF is trading in an Uptrend and the pair is now Making a local pullback To retest the horizontal Support of 0.5919 so After the retest we will Be expecting a further Move up because we Are bullish biased Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The price of Bitcoin surged over the weekend, reaching above $68,000. If Bitcoin continues to trade steadily above this level and shows signs of surpassing the $69,000 threshold, it could stimulate increased buying interest from investors, pushing the price towards recent highs around $73,777. However, if the price of Bitcoin drops below the level around $61,906,...
The price of Bitcoin (BTC) has attempted a surge over the weekend, surpassing the 68.000 threshold. If BTC continues to trade around this range and trends upwards towards the 69.000, it could encourage more buying pressure, pushing the price towards its previous peak of 73.777. The Relative Strength Index (RSI) is also a notable factor, as it currently indicates...
Attention Traders, In tomorrow's trading session, our focus is on USDCAD, with a strategic eye on a potential buying opportunity around the 1.35700 zone. Currently, USDCAD was trading in a downtrend and successfully managed to break it out, currently is approaching the retrace area at 1.35700. Augmenting our analysis with a fundamental layer, recent Non-Farm...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.083. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.091 level. P.S The term oversold refers...
Please, check our technical outlook for USDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.355. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.367 level. P.S Overbought describes a...
Greetings Traders, In tomorrow's trading session, our focus is on USDCHF, with a keen eye on a potential buying opportunity around the 0.90000 zone. Currently, USDCHF is entrenched in an uptrend but undergoing a corrective phase, nearing the significant support-turned-resistance level at 0.90000. Adding depth to our analysis, a fundamental layer underscores our...