Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 59444. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 53156 level. P.S We...
Hello,Friends! AUD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends! NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.541 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.785. ✅LIKE AND COMMENT MY IDEAS✅
The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded...
Hello,Friends! EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 165.989 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! EUR/AUD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65900 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 065900 support and resistance area. Trade safe, Joe.
Please, check our technical outlook for AUDUSD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.652. 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...
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
Take a look at our analysis for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.921. Considering the today's price action, probabilities will be high to see a movement to 0.916. P.S Please, note that an oversold/overbought condition can last for a...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.329. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 104.242 level. P.S The term...
Hello everyone, it's Brian here. Today, XAUUSD saw a recovery during the Asian trading session, but as we moved into the European session, the price began to decline again. At this moment, gold has lost nearly $13 and is currently trading around $2307, marking a 0.51% decrease for the day. The downtrend in gold continues to be significant as the technical charts...
Hello everyone, let's delve into today's gold prices! After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday. Gold is still undergoing a correction phase, especially after the Federal Reserve...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
Hello everyone, Today, EURUSD continues to hover around the familiar level near 1.071, still entrenched in a long-term downtrend. On the trend front: We are anticipating important updates from the Eurozone with the release of the HCOB Manufacturing Purchasing Managers' Index (PMI). This data could provide fresh insights into the next moves for EURUSD. In the...
With the price having broken down from the 200-day Moving Average (200MA) and the Relative Strength Index (RSI) turning down from the overbought level, the price action on Bitcoin is signaling increasing strength for a possible reversal. However, to continue trading significantly lower, BTCUSD would have to break through the price area of 51,000 and 56,000. And...
Hello everyone, Brian here! Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index. The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...