On the 4-hour chart, the EUR/USD pair is maintaining sideways movement around zone 1.0770 - 1.0760. Analysis Simple Moving Averages SMA 20 and SMA 50 indicates a downward trend phase. If the price breaks below the support level of 1.0724, this could lead to a stronger downtrend and may be tested further support levels . However, the possibility of a price...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
Please, check our technical outlook for GBPNZD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2.105. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.116 level soon. P.S Please, note that an...
Take a look at our analysis for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 104.542. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 104.862 level. P.S We determine oversold/overbought...
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2232.998. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2344.553 level. P.S Overbought describes a...
Please, check our technical outlook for EURUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.074. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.078 level. P.S Overbought describes a...
Greetings, trading aficionados! What are your expectations for EURUSD today? Yesterday, the pair was under significant selling pressure, resulting in a consistent decline to now trade at 1.073—a drop of 0.12% for the day. As anticipated, it breached the 1.0800 support level. The recent surge in the USD, fueled by robust US PMI ISM data, has heavily impacted this...
Gold's ascent to a historic $2,265 per ounce as this week begins highlights its impressive 9% rise in March and 8% increase for the first quarter. This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates...
Gold retreats from its newly set record high of $2,265.58 per troy ounce. Initially gaining in the Asian trading hours, XAU/USD reversed its course during European trades, now hovering around the $2,250 mark, bolstered by the US dollar's surge following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests gold may undergo further...
Gold has soared to another record high at the start of April, powered by expectations of US rate cuts and its status as a secure investment, now hovering around $2255 USD. The anticipation of the Federal Reserve's policy easing, expected as soon as May or June, has been a significant catalyst for gold's rise. Central banks' strong purchasing, aimed at diversifying...
Hello,Traders! GBP-NZD is trading in an Uptrend along the rising Support line and we are Seeing a bullish rebound From the support cluster Of the rising and horizontal Support lines around 2.1047 So we are bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I believe this could be a Premium idea, but let's wait and see how it unfolds: In March, INVZ saw some unusual out-of-the-money calls valued at over $1 million with a $2.5 strike price, expiring on April 19th. Upon reviewing the chart, it resembles a double bottom pattern, suggesting a potential price target of $2.85 if a reversal occurs. Recently, OUST, a...
Based on technical indicators, the gold market is currently continuing its upward trend. However, the possibility of a decline in the near future cannot be ruled out. For today, it is conceivable that gold may retreat to the support level of 2229, followed by a potential rebound. However, if the price of gold breaks below the support level of 2229, there is a...
After breaking through the 68.210 BTC support level, the market witnessed a clear signal of significant price decline, establishing a new support zone. Moreover, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) also collectively indicate a strong downward trend unfolding.
Here is our detailed technical review for NAS100. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 18217.2. Considering the today's price action, probabilities will be high to see a movement to 18560.5. P.S The term oversold refers to a condition where an...
During Tuesday's European trading session, the price of the British Pound/US Dollar (GBP/USD) currency pair surpassed the 1.2550 threshold, marking a price adjustment. This indicates that the market is experiencing a bullish phase. However, the 20-day Simple Moving Average (SMA) is also showing an upward trend, a clear sign that prices may continue to rise in...
Here is our detailed technical review for EURCHF. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.972. Considering the today's price action, probabilities will be high to see a movement to 0.976. P.S Overbought describes a period of time where there has...
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 104.519. The above observations make me that the market will inevitably achieve 105.518 level. P.S The term oversold refers to a condition where an asset has traded...