Here is our detailed technical review for USDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 151.631. Considering the today's price action, probabilities will be high to see a movement to 151.082. P.S Overbought describes a period of time where there...
EUR/USD continues its downward trend since Thursday, edging closer to the 1.0830 threshold during the Asian trading session on Friday. The strength of the USD is still being bolstered by market caution, likely influenced by political tensions in the Middle East. Based on technical analysis, it's evident that the corrective trend of the price is aiming towards the...
The EUR/USD pair continues to experience declines, edging closer to the 1.0830 level during Friday's Asian trading session. Meanwhile, the USD remains stable, supported by market caution, although it faces the risk of being impacted by escalating geopolitical tensions in the Middle East. On the technical chart, the Simple Moving Average SMA 20 is trending...
The British Pound achieved a solid gain against the US Dollar on Wednesday, bouncing back from a seven-week low of 1.2539 on Tuesday. Remarks from Federal Reserve officials, coupled with weaker-than-expected US services sector data, posed a challenge for the US Dollar. This resulted in the Dollar's decline for the second consecutive day, thereby contributing to...
Gold declined to 2,285 in the early Asian trading session on Friday after reaching a new record high above 2,300. Based on technical analysis and the current market situation, it can be predicted that there will be a slight downward adjustment in the price of gold in the near future.
Hello everyone! Yesterday, EURUSD witnessed a significant upward momentum, recovering strongly from support in line with the downward trendline. The weakening of the USD, spurred by below-expectation US March ISM Services PMI data and comments from Fed Chair Powell, has infused EURUSD with fresh energy, propelling it upwards in the face of the USD's retreat. In...
The price of gold declined to $2,285 in the Asian trading session on Friday, following its record high above $2,300 in the previous session. This fluctuation reflects market dynamics amidst geopolitical risks in the Middle East and expectations of monetary policy easing from the Federal Reserve, which have fostered optimism for gold price growth. Technical...
Hello, dear friends! Today, gold's upward momentum continues, with its price comfortably hovering around the $2300 mark—a historic high. This surge is buoyed by global economic conditions and news that create a fertile ground for gold's bold leaps forward. From a technical analysis standpoint, gold's trajectory is steadily climbing, guided by the Elliot Wave...
Gold continued its strong rally, hitting a new high yesterday at the 2305 mark, with a short-term swing low at 2265. I'm planning to continue buying gold today. Currently, the price is experiencing a pullback after breaking through 2296. I'm eyeing the 2284/86 USD zone for a potential buy, awaiting a reversal signal on a smaller time frame, possibly placing a buy...
✅AUD_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 0.895 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-CHF keeps growing In an uptrend but the pair Will soon hit a horizontal Resistance level of 0.60009 And after the retest a bearish Correction is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
price just broke out of a major zone after making a double top. on the 15 2 bar rejection was made. im expecting price to retrace the double top before making any move down.
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
Hello,Friends! Bearish trend on USD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.342. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the USD/CHF with the target of 0.895 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✅
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2284.284. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2224.888...
Looking at the chart, we can see that the price is currently below the moving averages (SMA). Specifically, the SMA20 line has crossed both the SMA50 and SMA100 lines, and is moving downwards, significantly diverging from both SMA50 and SMA100. This clearly indicates that the market is undergoing a pronounced downward trend. Furthermore, upon examining the...