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 testing a major horizontal structure 4560.8. Taking into consideration the structure & trend analysis, I believe that the market will reach 4532.7 level soon. P.S We determine oversold/overbought...
Take a look at our analysis for EURUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.106. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.119 level. P.S Please, note that an oversold/overbought...
Please, check our technical outlook for CHFJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 162.520. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 158.758 level. P.S The...
Here is our detailed technical review for NG1!. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.667. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.574 level. P.S We...
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 trading around a solid horizontal structure 1957.86. The above observations make me that the market will inevitably achieve 1987.38 level. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for AUDUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.675. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.683 level soon. P.S Please, note that an...
Here is our detailed technical review for GBPAUD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.897. Considering the today's price action, probabilities will be high to see a movement to 1.883. P.S The term oversold refers to a condition where an asset...
In the ever-fluctuating world of foreign exchange markets, the upward trajectory of the USD/CAD pair has recently become a focal point of attention. The pair, symbolizing the value of one U.S. dollar in terms of the Canadian dollar, has embarked on an upward trend, signifying the strengthening of the U.S. dollar relative to its Canadian counterpart. One of the...
In recent times, we've observed an intriguing shift in the EUR/USD pair. The once buoyant euro has shown signs of succumbing to the growing power of the U.S. dollar, with the pair entering a stark downward trajectory. This depreciating trend is the product of a fascinating confluence of economic, political, and monetary factors. It's important to bear in mind...
USDCHF bouncing from weekly resistance. I am very bullish on this one. So for now no more shorts for me and heading into long positions. Let me know what you think!
Take a look at our analysis for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 100.801. 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...
Please, check our technical outlook for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 77.554. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 75.017 level....
Here is our detailed technical review for USDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.866. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.874 level. P.S Please, note that...
Take a look at our analysis for GBPCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.111. The above observations make me that the market will inevitably achieve 1.105 level. P.S The term oversold refers to a condition where an asset has traded...
OANDA:EURGBP Price dance and played off of the 4H OrderBlocks very well. Will it test this level again? Or find new OB's below?
Please, check our technical outlook for NAS100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 15439.4. Taking into consideration the structure & trend analysis, I believe that the market will reach 16323.1 level soon. P.S We determine oversold/overbought...
Here is our detailed technical review for EURJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 157.758. Considering the today's price action, probabilities will be high to see a movement to 157.035. P.S Overbought describes a period of time where there...
Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1892.7. 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...