Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 77.81. The above observations make me that the market will inevitably achieve 73.55 level. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.878. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.865 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for SPX500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5128.6. Taking into consideration the structure & trend analysis, I believe that the market will reach 5070.1 level soon. P.S Please, note that an...
Here is our detailed technical review for EURUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.094. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.086...
Hello, dear friends. Today, USDJPY continues its unabated downtrend, currently positioned at 146.68, shedding 0.25% for the day. Expectations are mounting that the Fed may ease its tight policy stance in June, which has put pressure on the US Dollar, bringing the US Dollar Index down to 102.70 against a basket of six major currencies. Additionally, increasing...
If you haven`t sold ZM before the previous earnings: Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week, I would consider purchasing the 61usd strike price in the money Calls with an expiration date of 2024-3-1, for a premium of approximately $3.95. If these options prove to be...
If you haven`t bought the dip on MARA: Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week, I would consider purchasing the 26usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $7.75. If these options prove to be profitable prior to the earnings...
In the wake of Apple Inc.'s recent fiscal first-quarter results, a concerning narrative unfolds as the tech giant faces significant challenges. Sales in China plummeted by 13%, amounting to $20.8 billion in the quarter ending December 30. This stark decline not only fell short of analysts' expectations, who had predicted $23.5 billion, but also marked Apple's...
If you haven`t bought the dip on GOOGL: Then you should know the recent controversy surrounding Google's Gemini AI was sparked by a viral post revealing an image generated by the tool. This image depicted the U.S. Founding Fathers, inaccurately featuring a black man. The incident raised concerns about the AI's historical accuracy, prompting discussions about...
If you haven`t sold the Head and Shoulders chart pattern on SOL: Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $120 - $127 range!
If you haven`t sold BNB on the triple top: Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $394 - $420 range!
Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...
Hello, GBPUSD traders! The GBPUSD pair has formally established a new peak just shy of the 1.2900 mark, and the bias leans towards a modest downward correction as the pair faces pressure from a gradually recovering USD at the start of the week. Nevertheless, the decline in GBPUSD is expected to be limited, with two support levels acting as potential pivots...
The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also...
Last week we got all bullish price action on GU. This week I dont feel like we will get more of the same but I have to wait and allow for the set up to show itself before getting active.
Hello,Traders! EUR-AUD went up but Will soon retest a horizontal Resistance of 1.658 from where We will be expecting A local bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...
Dear friends, just as we anticipated, the USDJPY pair has declined to the support level at 147.84, signaling the onset of accumulation. The formation of a cup pattern in this scenario suggests a potential upward correction; however, this is not expected to last long as market anticipation of an imminent rate cut could weaken the USD, thus limiting USDJPY's...