GBP/USD broke below last week's support zone and hit a weekly low near 1.2540 on Tuesday. Although it recovered to reach a two-week high at 1.2700, it couldn't sustain this momentum and pushed GBP/USD lower towards the week's end. Looking at the chart, we observe that the Relative Strength Index (RSI) is currently below the 50 threshold, around 46. If prices...
GBP/USD has failed to sustain its upward momentum against the USD, as the pair struggled to surpass the 1.2700 level. GBP/USD broke below the support zone from the previous week and reached its weekly low near 1.2540 on Tuesday. Despite a rebound and reaching a new high in two weeks at 1.2700, selling pressure persisted, pushing GBP/USD lower towards the end of...
✅EUR_CHF fell again to retest the support But it is a strong rising support line So I think that there is a high chance That we will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello. trader what do you think about Gold Gold reached a high of 2265, pulled back to retest 2230, and then broke out to a new higher high at 2265, I think that it may continue its bullish trend. Gold is breakout high 2265 so I think Gold. pullback to create new higher highs at 2290 and 2300 indicates a bullish outlook for Gold's price movement. Keep in mind...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 151.500 zone, USDJPY is trading in uptrend and currently is in a correction phase in which it is approaching the trend at 151.500 support and resistance area. Trade safe, Joe.
Over the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold. Meanwhile, technical indicators such as the Relative Strength Index...
The Japanese Yen (JPY) is striving to leverage its strength to reach its highest level in over two weeks. However, the strength of the US Dollar (USD) has prompted a strong recovery in the USD/JPY currency pair, surpassing the 151.00 threshold. This breakthrough indicates a short-term downward trend, as a crucial support level has been breached. Despite the...
Following MATIC's precise entry into the Buy Area: At present, I anticipate trading within a range, awaiting price consolidation around $0.95 before witnessing another significant move.
If you didn't purchase LADYS when I drew comparisons to PEPE and SHIB: Considering the chart, I anticipate a retest of the $0.0000002000 support level for price consolidation before the next significant movement.
If you haven`t bought NVDA before the previous earnings: Then it's important to note that technically, we're currently in a double top formation, which is one of the most bearish chart patterns. While I anticipate NVDA to rise by the year's end, it appears bearish for the next month.
If you haven`t bought the dip on TSLA: nor sold the regional top: Then it's worth noting that it seems to be entering a downtrend due to intense competition from Chinese EV rivals like Li Auto, Nio, XPeng, and notably, BYD.
If you haven`t bought ETH before the rally: nor sold the top: It seems poised for consolidation within the $3000 - $3250 range, which aligns with my buy zone.
If you haven`t bought AEHR before the rally: nor sold the Double Top: Then analyzing the options chain and the chart patterns of AEHR Test Systems prior to the earnings report this week, I would consider purchasing the 15usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $0.98. If these options prove to be profitable...
If you haven`t bought SGH before the previous earnings: Then analyzing the options chain and the chart patterns of SGH SMART Global Holdings prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $2.55. If these options prove to be profitable prior to...
Hello,Friends! Bullish trend on EUR/AUD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.652. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! BITCOIN downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 68601 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GBPNZD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.098. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.104 level. P.S Please, note that...
Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 26.776. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 28.130 level. P.S We determine oversold/overbought...