Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.080. The above observations make me that the market will inevitably achieve 1.084 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5237.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5193.0...
AUD/USD, H4 25 March 2024 The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an...
EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current...
Please, check our technical outlook for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.711. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.719 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 64579. Taking into consideration the structure & trend analysis, I believe that the market will reach 60369 level soon. P.S Please, note that an...
Here is our detailed technical review for SILVER. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 24.464. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 25.165 level. P.S Please, note...
Please, check our technical outlook for US500. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 5238.4. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5187.9 level....
NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The...
Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.352. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.361 level. P.S The term oversold refers...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2180.586. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2328.918 level. P.S Please, note that an oversold/overbought...
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 103.497. Considering the today's price action, probabilities will be high to see a movement to 104.788. P.S Overbought describes a period of time where there has...
Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.818. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.823 level. P.S We determine...
Here is our detailed technical review for AUDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.652. Considering the today's price action, probabilities will be high to see a movement to 0.655. P.S The term oversold refers to a condition where an asset...
Take a look at our analysis for GBPUSD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.271. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.276 level. P.S We determine oversold/overbought condition...
Please, check our technical outlook for GBPNZD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.099. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.085 level soon. P.S We determine oversold/overbought...
EUR/USD, H4 20 March 2024 The EUR/USD pair has recovered from its lowest point in March, ahead of the critical Federal Open Market Committee (FOMC) interest rate decision. A hawkish stance from the Fed could place additional downward pressure on the pair. Nonetheless, the pair has been supported by encouraging data from the ZEW Economic Sentiment Index, which...
GBP/USD, H4 20 March 2024 The GBP/USD pair experienced a slight recovery from yesterday's lows but continued to exhibit weakness against the dollar. The market's hawkish expectations reinforced the dollar's strength, particularly in response to last week's robust U.S. Producer Price Index (PPI) reading. Investor focus now turns to the U.K.'s Consumer Price Index...