Please, check our technical outlook for CADJPY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 111.409. Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon. P.S We determine...
Take a look at our analysis for US100. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 17906.7. 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 way...
Greetings, traders! What are your thoughts on USDJPY today and its future direction? Looking at the chart, it's evident that USDJPY's recovery momentum is currently capped below a resistance level, as it appears to be forming a double top pattern. The current support level stands at 149.888. Should this level be breached and the double top pattern fully...
Greetings to all dear colleagues, let's delve into and strategize for XAUUSD this week together! As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035. Looking into the forecast: From a technical analysis standpoint: The Bollinger Bands are highlighting two...
Warm greetings to all splendid friends, let's explore today's gold prices together! Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking...
Hello, I'm delighted to discuss the XAUUSD market with you today! As of the close of yesterday, the gold market experienced a notable uptick, soaring from $2016 to $2041—a $25 increase in just a few hours. The current price stands at $2035, and technical analysis suggests that despite recent support for a price increase, the long-term trend seems to be on a...
Reviewing what happened with last week and whats possible this week. Going to let Monday Play out to allow the market to show its hand then get active. We are in a Monthly transition this week so do keep that in mind on this week's moves.
Hello,Traders! GBP-AUD has made a retest Of the horizontal resistance Level of 1.9330 from where We are already seeing a Bearish reaction so we will Be expecting bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅AUD_NZD keeps falling And the pair is already Making a pullback from the Horizontal resistance of 1.0603 So I think that the price Will move further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in tomorrow's trading session we are monitoring CHFJPY for a selling opportunity around 171.200 zone, CHFJPY 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 171.200 support and resistance zone. Trade safe, Joe.
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✅GBP_AUD is already making A pullback from the horizontal Resistance level of 1.9326 So I am locally bearish Biased and I think that We will see a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-CHF is retesting a Horizontal resistance of 0.9545 And we are already seeing a Bearish reaction so I think That the pair will go down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
We have 2 trade ideas for the upcoming trading week Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing. next clear support area should get tapped which i boxed up. great risk to reward setup Buy trade: If we break above the boxed zone where it broken the trend line and...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.66200 zone, AUDUSD was trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66200 support and resistance zone. We would also consider the current bearish bias on stocks as AUDUSD...
Hello,Traders! AUD-NZD is trading in a Downtrend and the pair Made a retest of the Horizontal resistance Level of 1.0601 and went Down again which reinforces Our bearish bias and We will be expecting A further bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Conversely, in the scenario of sellers regaining control and driving the exchange rate lower, support appears at 149.70 and 148.90 thereafter. Continued losses beyond these thresholds may lead to a pullback towards 147.50 in the near term. USD/JPY outlook: Extended consolidation above trendline support to precede push towards key barriers Confirm long Target
Hello,Friends! USOIL 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of...