Here is our detailed technical review for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2157.989. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2173.845 level. P.S Please, note...
Here is our detailed technical review for AUDCHF. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.579. Considering the today's price action, probabilities will be high to see a movement to 0.583. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103.900. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 104.631 level. P.S Overbought describes a...
In this chart we have draw support & resistance levels. we decided to take an entry at the S1 Level and take our tp with the marked line. No Divergence spotted.
Looking at the short timeframe, we could be a the very early stage of a major uptrend. Yet, lets see the price action near the demand zone.
Sound on! Thank you as always for watching my videos. I hope you learned something educational. Please feel free to like, share and comment this video!
Cronos #CROUSD: CRYPTO:CROUSD Cronos a cryptocurrency that has shown exceptional performance since October 2023, marking the end of a correction at $0.0488. We've developed a Wave (1) and have completed a Wave (2), which ended as a zigzag correction. This correction reached the 61.8 to 78.6 level beautifully, a common occurrence in cryptocurrencies, often...
A decent sell stop on Gold is what im placing checks 4 out of 5 confirmations.
Attention Traders, In today's trading session, our focus is on DXY, where we see a potential buying opportunity around the 103.500 zone. DXY, after trading in a downtrend, appears to be gearing up for a breakout. Should we witness rallies surpassing the 103.500 resistance area, we'll be eyeing a retracement of this breakout towards higher levels. Now, the big...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 088400 support and resistane area adding a fundamental layer, the last CPI and PPI both came hot and the labour market is solid, if Fed goes...
A few days ago, Bitcoin experienced a dip to FWB:65K , coinciding with the average-price uptrend trendline and the midpoint of the ascending channel. The subsequent bounce from this support level was notably strong, signaling active participation from buyers. As long as the price remains above the FWB:65K demand area, we anticipate a continuation of the...
The day before yesterday (March 16) there was a very large unlocking of ARB tokens. Exactly, as many as 1.1 billion ARB tokens appeared on the market, whereas before there were 1.45 billion of them in circulation. On this day, due to such high supply pressure, we broke out of the triangle formation (marked in white) and are currently in my first buying zone from...
Qualcomm (QCOM): NASDAQ:QCOM For Qualcomm Inc. on the weekly chart, we now assume that after the significant rise during the Dotcom Bubble for Wave (1), and having observed Waves (4) at $101.47, we are approaching the completion of Wave (5) / the first 5-wave cycle towards Wave I. We expect this Wave (5) to be in the range of 50 to 61.8%. This places us at a...
Crude oil is returning to the bullish bat pcz which also happens to be at a high demand level. Lets see the pa over the next few days, but if an additional edge develops we will long in and around this area with the given targets. We are not long for now . Update soon.
I have to say that I almost finished my analysis but somehow my page got refreshed and it got lost.. So I will summarize what I wanted to say: Pattern recognition is important and are (magnified) copies, and following signs are bullish: * Compare the blue and pink rectangulars * we are hovering above the 200 ema * if we have a break-out of the pink...
Hello,Friends! We are now examining the NZD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.613 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going long on the AUD/USD with the target of 0.663 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for NZDUSD. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.608. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.614 level. P.S We determine oversold/overbought condition...