This morning, gold prices fluctuated around $1,800 per ounce at the beginning of the trading session. The 50-day moving average (MA50) is currently above the 200-day moving average (MA200), creating a buy signal. The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, a strong buy signal, supporting the continuation of the...
EUR/USD weakens around 1.0730 in early Tuesday trading in Europe. The modest recovery of the Greenback pulls the major pair lower. Initial support is seen at 1.0685; key resistance lies in the 1.0790–1.0800 region. A break below the latter will see a drop to 1.0610, the low of April 19.
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.141. 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 USD/JPY exchange rate has seen a significant increase compared to the previous trading session. Early this morning, the currency pair surpassed the 110.50 JPY per USD mark. The USD/JPY rate is influenced by monetary policy information from the Federal Reserve (Fed) and the Bank of Japan (BoJ). USD/JPY may continue to maintain an upward trend in the short...
Hello Traders, In today's trading session, we are closely monitoring the DXY for a potential selling opportunity around the 105.700 zone. The DXY had been trading in an uptrend but recently managed to break out of this trend. Currently, it is in a correction phase, approaching the key retrace area at the 105.700 support and resistance zone. This level is crucial...
Dear traders! Overall, the recent support from below the BB channel limit at 65,500 is providing minor recovery momentum for BTC potentially up to the $67,000 resistance level. However, from the BB channel we can see that the BB band is expanding above H4. This in short, shows huge selling pressure just as I mentioned yesterday. Therefore, it would make more...
Hello,Friends! We are going short on the NZD/JPY with the target of 94.375 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Dear Traders, We are convening a discussion focused on #PENDLEUSDT The Decending Channel Pattern is Formed It has Bounced Back From Support Zone Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move Towards 6.4$ and 7$🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth...
Take a look at our analysis for AUDNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.083. Considering the today's price action, probabilities will be high to see a movement to 1.081. P.S The term oversold refers to a condition where an asset has traded...
EUR/USD Holds Steady Above 1.0700 Amid Mixed Sentiment Data On Tuesday, EUR/USD remains within its daily range above 1.0700 during the European session, following a positive close on Monday. Mixed ZEW sentiment data from Germany and the Eurozone has left the Euro struggling to find demand, with market focus now shifting towards upcoming U.S. economic data. From...
Take a look at our analysis for NAS100USD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 19,927.1. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,712.4 level. P.S We...
Gold prices at the beginning of the week yesterday fell slightly as they were affected by the recovery of the USD and rising bond yields, while investors looked forward to economic data and comments from US Federal Reserve officials. (Fed) to know more about the roadmap to cut interest rates. In this context, it is forecasted that gold price may move sideways in...
$BINANCE:1000BONKUSDT (1D CHART) Technical Analysis Update BONK is currently trading at $0.02388 and the price is currently at the support zone and currently uncertain on in which direction will the price move. We have two trade possibility here, if the price bounce backs from the support then we can enter a long trade, if the support breaks then we can enter a...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area. Trade safe, Joe.
Hello,Friends! Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2292.243. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, Brian here! As we kick off the trading week, gold prices opened at around $2,315 per ounce, shedding more than ten dollars compared to last Friday's close. Given this context, the precious metal is unlikely to make significant gains in the short term. This week, traders are keenly awaiting new updates from several European countries' monetary...
Hello,Friends! GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.062...
Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 78.44. 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...