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AUDCAD potential long setupLooking at AUDCAD this morning and noticed the 3 bounces off the Monthly 50EMA (overlayed on this 4H chart). The pair is stuck in a wide range after a strong September rally linked to the gold (commodities) strength and above forecast AUD economic data. The pair is also sitting at a critical trend line support while RSI is positioned well for a move upward. Fundamentally, precious metals are erasing Friday's losses while a meeting between President Trump and Australian PM Albanese is set to take place Monday morning to discuss a critical minerals deal (among other topics), which could boost the AUD significantly. In the meantime the Canadian government continues to follow Brussel's lead in economic obliteration and CAD insignificance. I could be wrong, I'm a nobody.
Long
by BorrowedClothes
1
BNB/USD – Testing Patience Below the 200-SMA📈 Bias: NEUTRAL (reversal watch) BNB trades around $1,186, consolidating after last week’s sharp pullback. Price remains capped under the 200-SMA ($1,238), suggesting the trend is still under pressure but flattening. RSI near 46 shows recovering momentum. If bulls reclaim $1,223–$1,238, a shift to bullish bias is likely; failure to hold $1,178 opens the door to $1,145 support retest. 📊 Key Levels: Resistance: $1,223 / $1,238 Support: $1,178 / $1,145
CRYPTO:BNBUSD
by tomas_jntx
EURNZD finding support at the daily 20SMASimilar to the previous 2 posts regarding GBP pairs, EURNZD is currently riding support at the daily 20SMA (overlayed on this 1H chart). The hourly RSI is also indicating this pair is oversold. RBNZ is expected to cut interest rate tomorrow by another 25 basis points which could be the catalyst to realizing this potential bullish move. Recent weakness in the NZD came after the latest interest rate cut, and if further dovish comments follow the interest rate decision tomorrow, this pair could retest the 2.03xx high hit in late September.
Long
by BorrowedClothes
How to Use The Relative Strength Index (RSI) in TradingViewMaster RSI using TradingView’s charting tools in this comprehensive tutorial from Optimus Futures. The Relative Strength Index (RSI) is one of the most widely used momentum indicators in technical analysis. It helps traders identify potential overbought and oversold conditions, spot divergences, and confirm the strength of trends. What You’ll Learn: Understanding RSI: a momentum oscillator plotted from 0 to 100 Key thresholds: how readings above 70 suggest overbought conditions and below 30 suggest oversold conditions Why RSI signals are not automatic buy/sell triggers, and how strong trends can keep RSI extended for long periods Spotting bullish and bearish price divergences Using RSI to confirm trends How to add RSI on TradingView via the Indicators menu Understanding the default inputs and how changing them affects the indicator Example on the E-mini S&P 500 futures: how RSI dipping below 30 and crossing back above can highlight momentum shifts Combining RSI with other analysis for better confirmation Practical applications across multiple timeframes, from intraday trading to swing setups This tutorial will benefit futures traders, swing traders, and technical analysts who want to incorporate RSI into their trading strategies. The concepts covered may help you identify momentum shifts, potential reversal points, and confirmation of trend strength across different markets Learn more about futures trading with TradingView: optimusfutures.com Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary. This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting.
CME_MINI:ES1!Education
by Optimus Futures
GBPAUD finding support on Weekly 50SMASimilar to the previous post regarding GBPJPY, the British pound is finding support at the weekly 50SMA (overlayed on this 4H chart) after a long sell off indicated in the RSI. Cautiously bullish on GBPAUD considering recent strength in the Aussie dollar due to gold hitting new ATHs (and commodities rallying in general). Approach this with expectations of lots of rejections and chop as price action breaks through the daily moving averages wedged between the 50 and 20 weekly SMA (daily and weekly SMAs overlayed on the 4H chart). This could potentially bounce to retest the weekly 20 currently at 2.06 area.
Long
by BorrowedClothes
DUOL - NOT FOR TREND-FOLLOWING TRADERS DUOL - CURRENT PRICE : 271.28 Duolingo, Inc. (DUOL) is in a downtrend since 14 May 2025. The stock has recently tested the support level near USD 263, which coincides with a previous demand zone. This bounce from support highlights buying pressure, indicating the likelihood of a short-term reversal. The Relative Strength Index (RSI) has moved near 30 level, signaling that the stock is in oversold territory. Oversold conditions often precede a technical rebound as selling pressure eases. The confluence of oversold momentum and price stabilization at support suggests a possible bounce play. If buying volume increases, the stock could recover toward USD 297 – 325, its next resistance zone. ENTRY PRICE : 271.00 - 272.00 TARGET : 297.00 and 325.00 SUPPORT : 260.00 (CUTLOSS below 260.00 on closing basis) Notes : As the dominant trend is clearly bearish (downtrend) since 14 May 2025, this setup is not for trend-following traders.
NASDAQ:DUOLLong
by IMRAN_96
2
ETH Oversold Again – Is a Bounce Coming?Ethereum (ETHUSDT) on the 4H chart is showing signs of oversold conditions as the RSI once again dips below the 30 level. This setup has historically aligned with local bottoms, where ETH tends to bounce back shortly after reaching such extreme levels of selling pressure. The current price action around $4,170 highlights a critical zone to monitor for potential reversal. If ETH can hold this level and buying momentum steps in, a relief rally could follow in the short term. However, if weakness persists, further downside retests cannot be ruled out. Traders should closely watch RSI recovery and volume confirmation for signals of a stronger rebound.
Long
by HexaTrades
1
Bullish Setup Forming: Approaching Untested FVG + Oversold RSIACHR is setting up for a potential bounce based on multiple confluences: Price is heading straight into a fair value gap that was never tested — could be a solid bounce spot; Daily RSI is oversold (~32), often a sign the move down is stretched; It’s also right on top of a rising trendline that has held for almost a year; Volume is drying up, which might mean sellers are losing steam; 🎯 First target: $10.91 🏁 Final target: $12.00 ❌ Stop-loss: just under the FVG zone, in case it breaks down. Watching closely 👀 And remember: respect both your stop loss and position sizing.
NYSE:ACHRLong
by felipegomesbwm
1
Deep Dive Into Relative Strength Index (RSI)The Relative Strength Index (RSI) is a momentum oscillator developed by J. Welles Wilder Jr. that measures the speed and magnitude of price changes. Introduction In the world of trading, timing is everything — and few indicators have stood the test of time like the Relative Strength Index (RSI). Introduced by J. Welles Wilder in 1978, the RSI is a momentum oscillator that helps traders evaluate the strength and speed of price movements. Whether you're trading stocks, forex, or crypto, understanding how RSI is calculated and how to interpret its signals can give you a critical edge. In this article, we’ll break down exactly how the RSI works, explore its formula, and dive into practical ways you can incorporate it into your trading strategies. From spotting potential reversals to identifying overbought and oversold conditions, the RSI remains a cornerstone of technical analysis — but only if you know how to use it properly. Let’s explore the mechanics and the mindset behind this powerful indicator. What Is RSI and How Is It Calculated? The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements over a defined period. It outputs a value between 0 and 100, which helps traders determine whether an asset is overbought or oversold. The default RSI setting uses a 14-period lookback window and is calculated with the following steps: 🔷Calculate the average gain and loss over the last 14 periods: Average Gain = Sum of all gains over the past 14 periods / 14 Average Loss = Sum of all losses over the past 14 periods / 14 🔷Compute the Relative Strength (RS): RS = Average Gain / Average Loss 🔷Apply the RSI formula: RSI=100−(100/(1+RS)) The result is a single number between 0 and 100 that indicates the asset's momentum. How to Use RSI in Trading Strategies ⚡️Overbought and Oversold Conditions Strategy RSI > 70 typically signals that an asset may be overbought and due for a pullback. RSI < 30 suggests the asset might be oversold, potentially primed for a bounce. However, these levels aren’t absolute sell or buy signals. In strong trends, RSI can stay overbought or oversold for extended periods. 📈Long Trading Strategy Example: 1. Identify the major trend, to find the long trades it shall be uptrend. On the screen below you can see 1D time frame for BITMART:BTCUSDT.P . 2. Move to lower time frame (in our case 4h) and find the moment when RSI falls below 30. This is our oversold condition and we are going to look for long trade. 3. Find the local support zone and open long trade. 4. Take profit when price reaches resistance level next to the previous swing high 5. Don’t forget to put initial stop loss when enter position. The best stop loss which will give you 3:1 risk to reward ratio. 📉Short Trading Strategy Example 1. Identify the major trend, to find the short trades it shall be downtrend. On the screen below you can see 1D time frame for BITMART:ETHUSDT.P . 2. Move to lower time frame (in our case 4h) and find the moment when RSI grows above 70. This is our overbought condition and we are going to look for short trade. 3. Find the local resistance zone and open short trade. 4. Take profit when price reaches support level next to the previous swing low 5. Don’t forget to put initial stop loss when enter position. The best stop loss which will give you 3:1 risk to reward ratio. ⚡️RSI Breakout Strategy RSI is breaking through 60 indicating bullish momentum shift if the long-term trend is bullish can be the potential long signal RSI is breaking down 40 indicating bearish momentum shift if the long-term trend is bearish can be the potential short signal This strategy works great only on the trending market, don’t use it on the range bounded market to avoid whiplashes. 📈Long trading strategy example: 1. Make sure that long-term trend is bullish. Use 200 period EMA as its approximation. If price remains above it we can look for potential long trade setup. 2. If RSI crossed above the level 60 open long trade. 3. Put the initial stop-loss under the signal candle’s low. 4. Take profit when price reached 3:1 risk-to-reward ratio. 📉Short trading strategy example 1. Make sure that long-term trend is bearish. Use 200 period EMA as it’s approximation. If price remains below it we can look for potential short trade setup. 2. If RSI crossed below the level 40 open short trade. 3. Put the initial stop-loss above the signal candle’s high. 4. Take profit when price reached 3:1 risk-to-reward ratio. In our case we received very fast and profitable trade ⚡️RSI Divergence Strategy RSI can be used also as a trend reversal indicator if we are looking for divergences. This is very reliable sign of current trend weakness and great opportunity open trade against the trend. Usually it’s not recommended, but in case if divergence can be applicable. Bullish divergence is the situation when price created the lower low, while RSI made the lower low. Usually, it indicates that current downtrend is weakening and we can look for long trades Bearish divergence is the situation when price created the higher high, while RSI made the lower high. Usually, it indicates that current uptrend is weakening and we can look for short trades 😎Important hint: it’s rarely covered in textbooks about technical analysis, but in our opinion it’s better to used divergences when RSI was able to cross level 50 between two lows/highs. 📈Long trading strategy example 1. Find at the chart situation, when the price made the lower low 2. At the same time RSI shall set the higher low 3. RSI shall break level 50 between these lows indicating shift to the bullish momentum 4. If price failed to set the clean breakdown open long trade on the candle which set the lower low. Put stop loss under it’s low 5. Take profit at 3:1 RR. When you master this concept, you will be able to have much more RR trades, even 10:1. This is possible because when trend finish you have the highest potential upside 📉Short trading strategy example 1. Find at the chart situation, when the price made the higher high 2. At the same time RSI shall set the lower high 3. RSI shall break level 50 between these highs indicating shift to the bearish momentum 4. If price failed to set the clean breakout open short trade on the candle which set the higher high. Put stop loss above it’s high 5. Take profit at 3:1 RR. When you master this concept, you will be able to have much more RR trades, even 10:1. This is possible because when trend finish you have the highest potential upside Conclusion The Relative Strength Index (RSI) remains one of the most powerful and flexible tools in a trader’s technical arsenal — but its real value lies in how you use it. We’ve explored three key RSI strategies: ✅ Overbought/Oversold setups offer simple entry signals in ranging markets, where price tends to revert to the mean. ✅ Breakout strategies unlock RSI’s momentum-tracking potential, helping you ride strong directional moves with confidence. ✅ Divergence detection reveals hidden shifts in market sentiment, giving you an early warning of possible reversals or trend continuations. Each approach has its strengths — and its risks — but together, they offer a complete framework for using RSI across different market conditions 🔑 Key Takeaways: RSI is not just a “buy low, sell high” tool — it’s a multi-dimensional indicator that adapts to trends, momentum, and market structure. The best RSI signals come from confluence: combining RSI with price action, support/resistance, volume, or trend filters like moving averages. Patience and discipline are essential — RSI signals are only effective when paired with proper risk management and confirmation. By mastering RSI beyond the basics, you'll be better equipped to make timely, confident, and informed trading decisions — whether you're entering a pullback, chasing a breakout, or spotting the early signs of reversal.
Education
by Skyrexio
22
Multiple Signals Shows BTC Might Touched Short-Term BottomLast time BINANCE:BTCUSDT had all 3 of these signals was in August 2024: 1️⃣ RSI <30 in oversold territory 2️⃣ MACD < 0 3️⃣ Fear & Greed Index at "Extreme Fear" Also, since 2024 began, every time CRYPTOCAP:BTC had a wick + volume spike, it marked a "short-term" bottom. What do you think? Is this the bottom for BITSTAMP:BTCUSD ? Leave a comment! 🔴 Read my signature & publications for more info you don’t want to miss. 🔥  for more future "guesses" like this!
by Harold_123
Bitcoin's Next Move will Reach $104,500Looking at the CRYPTOCAP:BTC 4-hour time frame, if the RSI bounces from the oversold region and forms a bullish divergence, there’s a higher likelihood of a retest of the $104,500 area before price revisits the major support zone between $90,000 and $85,000. In the second scenario, if a new all-time high (ATH) is broken, the trend will likely continue upward. However, it's unlikely that this will occur without first testing the $90,000 to $85,000 support zone.
BINANCE:BTCUSD.P
by crypto_vulture_signals
Exxon is oversold (the most since 2020)NYSE:XOM is inside it's sideways channel since March 2024 and trades within a price range of $108 - $123 with one failed breakout to the upper side in October. The recent pulldown came from commodity prices (oil) and political drama about how much oil will be offered in Trump's term. Of course, it would be best if supply will not outpace demand too much since this would let oil prices drop. Trump will learn this soon enough. Because of that it's mostly noise what we have seen in this chart. The level at $108 offered strong support twice and the sector (XLE) is also offering support itself. Also, the last time we've seen this stock so oversold was during the Covid crash in 2020. From a fundamental perspective, Exxon Mobil's recent performance highlights its strong investment potential. The company's total shareholder yield, combining dividends and buybacks, now exceeds 7%, offering substantial returns to investors. In Q3 2024, Exxon reported $8.6 billion in net profit, with a 25% production increase, partly due to the acquisition of Pioneer Natural Resources. Despite a 5% earnings decline from lower commodity prices, Exxon's diversified operations and strategic investments in alternative energy position it well for long-term growth. The recent stock price dip presents an attractive entry point for investors seeking robust returns in the energy sector. Target Zones $114.00 $123.00 Support Zones $108.00
NYSE:XOMLong
by LGNDRY-Capital
7
MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel. Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67. Resistance / Target Zones: $64.22 $73.00 Support Zone: $60.67 Let me know what you think!
NASDAQ:MDLZLong
by LGNDRY-Capital
3
SBI Life Insurance Co. Ltd. - Technical Analysis UpdateSupport and Resistance Zones: 1.Key Support Zone: ₹1,385-₹1,463 This zone aligns with the Fibonacci 0.236 retracement level and the recent reversal point, making it a strong support. 2.Immediate Resistance Levels: ₹1,555 (Fibonacci 0.382 retracement). ₹1,630 (Fibonacci 0.5 retracement). ₹1,705 (Fibonacci 0.618 retracement), a crucial level to watch. 3.Fibonacci Retracement Levels: The stock has retraced sharply from its high of ₹1,943 and is showing signs of reversal near the 0.236 Fibonacci level. A breakout above ₹1,500 could confirm bullish momentum toward higher Fibonacci levels. 4.Volume Analysis: Volume appears to be increasing near the support zone, indicating buying interest from market participants. The Volume Profile indicates strong accumulation between ₹1,400-₹1,500. 5.Moving Averages: The stock is attempting to reclaim the 20-day EMA as a dynamic support. A crossover above the 50-day EMA could signal further bullish strength. 6.RSI (Relative Strength Index): RSI is recovering from oversold levels, indicating a possible trend reversal. A move above 50 would strengthen the bullish case. 7.Projection: If the stock sustains above ₹1,463, it could aim for ₹1,555 in the short term and ₹1,705 in the medium term. A break below ₹1,385 would invalidate this view and could lead to further downside. Conclusion: SBI Life Insurance is poised for a potential bounce-back. Traders can consider entries near the ₹1,450-₹1,470 range, targeting ₹1,555 and ₹1,705 with appropriate stop losses below ₹1,385.
NSE:SBILIFELong
by AngshumanSaikia
Why I am getting very Cautious trading Long - Gold / Precious M USDX has really fallen off a cliff this week & this lowering of the USD has been supportive of Gold & all at a time when Gold has been bided up a bit too much & making the Gold price overbought on the Stochastic's higher-time-frames. With USDX and the Gold-price having an inverse relationship, my chart shows just how much the USD has been oversold this week on the important 4HR, Daily & Weekly Stochastics. A strong cross-up on the 20 level could signal a rally in USDX soon, I tip it will rally next week if not before finding strength during late Thursday and Friday trading. There is a tonne of economic news coming out today Thursday morning, will it be a mixed bag and what impact will have on the Gold price and USDX... We will know later.
EIGHTCAP:USDX
by Easy_Explosive_Trading
Bitcoin in megaphone pattern on its way upwards to $68kBTCUSDT has remarkably been respecting a slight megaphone chart pattern for nearly 6 months now since mid March 2024. It has respected the upper and lower trend lines of the pattern approximately 4 times each. Additionally, the rsi is also at the oversold bottom level. Technical chartists usually say that price action is most important of all the indicators, and with such 4 time upper and lower pattern boundary respecting price moves the price action confirmation is strong. This coupled with the rsi, means there is opportunity for a swing trade with approx 25% upside. Entry: $55k Exit: $68k Trade exit: $47.5k (to avoid major market event caused spikes downwards) Note: The expected future fed rate cut should cause further buoyancy to price action. Furthermore, market events may cause spikes downwards, thus setting an automatic trade exit at $47.5 would avoid the previous downward spike level of $48 and leave a 1:2 P/L ratio. Therefore, allocating more than a max of 2-4% of a portfolio to this swing trade would not be advisable.
Long
by slip_stream
Bitcoin in megaphone pattern on its way upwards to $68kBTCUSDT has remarkably been respecting a slight megaphone chart pattern for nearly 6 months now since mid March 2024. It has respected the upper and lower trend lines of the pattern approximately 4 times each. Additionally, the rsi is also at the oversold bottom level. Technical chartists usually say that price action is most important of all the indicators, and with such 4 time upper and lower pattern boundary respecting price moves the price action confirmation is strong. This coupled with the rsi, means there is opportunity for a swing trade with approx 25% upside. Entry: $55k Exit: $68k Trade exit: $47.5k (to avoid major market event caused spikes downwards) Note: The expected future fed rate cut should cause further buoyancy to price action. Furthermore, market events may cause spikes downwards, thus setting an automatic trade exit at $47.5 would avoid the previous downward spike level of $48 and leave a 1:2 P/L ratio. Therefore, allocating more than a max of 2-4% of a portfolio to this swing trade would not be advisable.
Long
by slip_stream
BTC Cup & Handle Potential Paths (1W)Forecasting some potential cup and handle formations for BTC using trend based fib extensions and trend based fib time. Assuming a .382 fib retracement, each handle assumes a local bottom at around a fib time line. Overheated oscillators provide some evidence that a short term pullback is in order before continuing BTC's bull run post-halving. If we get a retracement lower than .382, then there's a relative volume spike in the volume profile centered about the .5 fib line that could realistically act as support. Although my understanding is that cup and handles are more bullish when retracement handles are no deeper than ~1/3 down from recent swing high path. Looking way ahead if this plays out, i'd be looking for rsi to show negative divergence paired with BTC making macro higher highs as chances to take profit down the road, as is what happened last bull run.
COINBASE:BTCUSD
by rlando
Nikkei Hits Bear Market after BoJ HikeAfter a cautious approach away from its ultra-easy monetary setting, the Bank of Japan bolstered its normalization efforts last week. Policymakers raised rates to around 0.25% after the March watershed exit from sub-zero levels, pointed to more moves ahead and also announced sizable reduction in bond purchases. This action signaled tightening resolve and also accelerated the Yen rebound, threatening to unravel the two key pillars of the stock markets’ rally to record highs. Along with broader recession fears after the US jobs report, JPN225 slumps into a bear market as it loses more than 20% for July’s all-time high and could be in for further losses. On the other hand, the BoJ is still in accommodative territory and warned that could increase its bond buying if needed, while the broader market rout could push it back into a more conservative approach. Furthermore the rate differential is still huge and the carry trade may persist. From a technical standpoint the RSI points to the most oversold conditions in years and that could help JPN225 rebound out of bear territory and towards a cluster of hurdles that starts with the 200Days EMA, but significant sentiment improvement needed. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225
by FXCM
USDJPY to Nearly 4-Month Lows on Shifting Policy DynamicsThe Bank of Japan followed a cautious and slow path away from the ultra-loose monetary setting after abandoning the negative rates regime and the yields curve control, in the historic decision of March. But price pressures persisted, wages increased substantially after the spring negotiation and the Yen was further devalued, forcing officials to step up their tightening efforts. They hiked rates for the second time in this cycle, to around 0.25%, while pointing to more moves ahead if the economy evolves as anticipated. Furthermore, they announced a plan to slash their bond purchases, so that they will halve by Q1 2026. After hitting 38-year highs at the start of the month, USD/JPY reversed course due to Japan’s FX interventions rising expectations for BoJ hikes and increased optimism around Fed cuts. The forceful action by the Bank of Japan along with the Fed opening the door to a September pivot this week, exacerbated the decline to the lowest levels since mid-March. The pair is now exposed to 146.47 and the shift in monetary policy dynamics can fuel further weakness. On the other hand, BoJ warned it could increase bond purchases again if needed, while market pricing for three cuts by the Fed may be stretched. Furthermore, the rate differential remains wide and the favorable carry trade could persist. The Relative Strength Index is oversold and this can drive a rebound above the 200Days EMA (blue line), but 200H4 EMA (black line) looks much harder. Focus now shifts to Friday’s US NFPs which are becoming increasing important for the policy path, as disinflation is back on track. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
by FXCM
GALA — Oversold RSI, Local Bottom → 16% Upside PotentialGALA found a local bottom at $0.027 and printed a reversal candle on the daily chart. Additionally, the RSI and Stochastic Oscillator hit oversold levels. Moreover, the crypto token performed well during Bitcoin's dip yesterday. Therefore, it is likely that GALA will enter a bullish direction. The next resistance is $0.032, resulting in a 15%-16% profit potential. Historically, the oversold RSI on the daily chart resulted in some pretty solid gains: Out of 62 signals, GALA pumped more than 10% in 82%.
Long
by ben_walther