The 4h analysis we did earlier this week before market opened saw price action play out absolutely perfectly following our arrow path of breakout - retest - push to the upside and now a complete shift in sentiment to bullish. From here we can anticipate price to continue upwards with a bullish bias and look for buys if swing trading.
My dear subscribers , I analysed this chart on NG1!, and concluded the following: The asset is approaching an important pivot point 2.549 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.640 Safe Stop Loss - 2.499 About Used...
Hello everyone, looking at the daily timeframe we can see gold has picked up volatility below 1890 with a strong rejection back into the 1900's Should we see price hold and not reject key levels of resistance, expectation will be for gold to return to the range we have previous seen gold stuck within, with a push to 2000 creating a top wick for the monthly candle...
American Water Works has now risen a bit after its significant decline. It is impossible to say whether the stock has already deposited the low of the magenta wave . Only a sustained rise should convince us of this. Theoretically, the price still has room on the downside but should stay within the support at $132.87 because our alternative is activated otherwise....
SAXO:XAUUSD Hello traders, Currently, I am actively seeking buy positions on XAU/USD (gold) for the New York session. The market is currently displaying strong bullish momentum, possibly influenced by a weak dollar. However, it's important to be cautious and mindful of news events that might occur during the New York session, as these events can lead to...
My dear followers , My technical analysis for NZD/CAD is below: The market is trading on 0.80437 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.80732 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and...
On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I...
Here is our detailed technical review for US500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 4463.6. Considering the today's price action, probabilities will be high to see a movement to 4597.3. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for NG1!. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.447. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.551 level. P.S Overbought describes a period of time where...
Please, check our technical outlook for GBPUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.268. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.294 level. P.S Please, note that an...
Here is our detailed technical review for GBPAUD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.965. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.980 level. P.S The term oversold...
Hey Traders, in today’s trading session we are monitoring XAUUSD for a buying opportunity around 1900 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring US500 for a buying opportunity around 4400 zone, US500 was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend around 4400 support and resistance zone. Trade safe, Joe.
A convergence has been formed on 4H. The price broke upwards 50EMA (4H TF) I think Ethereum will continue to rebound after another support retest.
Hey Traders, in today’s trading session we are monitoring AUDUSD for a buying opportunity around 0.59400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance zone. Trade safe, Joe.
On the 4H TF the convergence has started to work out. 50EMA broke through 200EMA (30m TF) RSI indicates that the initiative is shifting to buyers. The asset will continue to rise after fixing above the resistance.
Asset broke up 50EMA (4H TF) RSI is moving in the bullish zone. I expect the price to continue rising.
EOS fixed above 50EMA (1H TF) 50EMA broke above 200EMA (30m TF) Trading volume indicates market interest in a price bounce. RSI is moving in the bullish zone. I believe that the asset will continue to rebound after fixing above the resistance level.