Here is our detailed technical review for US30. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 33219. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 32053...
Take a look at our analysis for US500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 4188.5. 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 all the way...
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1980.24. The above observations make me that the market will inevitably achieve 1956.48 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for EURCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.444. Considering the today's price action, probabilities will be high to see a movement to 1.428. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for USOIL. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 68.666. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 70.696 level. P.S Overbought...
Take a look at our analysis for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 139.669. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 141.245 level. P.S The term oversold refers to a condition...
Here is our detailed technical review for USDCHF. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.910. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.918 level....
Cup and Handle formed on GBPNZD. The price broke out which gave a great entry signal. We could even wait for the price to retrace back to the Brim level and get an even better entry. 7>21>200 - Bullish RSI >50 Target will start off at 2.198. But once it breaks higher, we'll see more formations. Smart Money Concepts Sell Side Liquidity formed just below...
Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.252. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.266 level soon. P.S Please, note that an oversold/overbought...
This is usually a bullish pattern but my senses are telling that this could give a breakout downside. Wait for breakout on trend line downside and play
Please, check our technical outlook for US100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 14292.3. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 15102.2 level. P.S We determine...
Here is our detailed technical review for ES1!. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 4198.00. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 4170.50...
Take a look at our analysis for AUDCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.589. The above observations make me that the market will inevitably achieve 0.577 level. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for GBPJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 172.713. Taking into consideration the structure & trend analysis, I believe that the market will reach 175.102 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 4229.3. Considering the today's price action, probabilities will be high to see a movement to 4282.5. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for BITCOIN. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 27830. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 28582 level. P.S Overbought describes a period of time where...
Please, check our technical outlook for GBPUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.237. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.232 level. P.S Please,...
Here is our detailed technical review for NZDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.821. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.810 level. P.S The...