Hello dear friends, during the early hours of the last trading session on Friday, gold prices surged by $35, once again surpassing the $2400 resistance level. However, this upward trend could not be sustained, and prices quickly retreated to stabilize around the $2390 mark at the time of this writing. This marks the second rapid ascent and subsequent decline for...
Hello traders what do you think about US30 give your suggestions in comment.. As the US30 inches towards the critical resistance level at 38,068, traders are on high alert. A successful breach of this threshold could fuel the ongoing bullish trend, propelling the index towards the next target at 38,380. Conversely, should the price stabilize below 37,996, market...
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
If you haven`t bought the dip on QQQ: Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!
The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold. Looking at the chart, we can...
Hello,Friends! USD/JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 152.670 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 111.671...
Hello,Friends! Previous week’s green candle means that for us the NZD/CHF 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 0.535. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 89.913 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the GOLD with the target of 2311.816 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✅
ETHUSDT continued its downward trend on Friday, with only a short-term recovery evident. From the 1-day chart analysis, the price has broken below the support level at $3171 USD. A pattern of lower highs and lower lows continues to form, and as long as the price remains below the two EMA lines, the outlook for further declines persists.
Attention Traders, In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone. Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
Here is our detailed technical review for NZDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.538. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level. P.S We...
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
GBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran. Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...
USD/JPY has stabilized around the 154.50 mark, recovering some of its losses from Friday. A report from Reuters revealed that an Iranian official stated there are currently no plans for immediate retaliation against Israeli airstrikes, easing geopolitical tensions. The US dollar gained momentum following hawkish remarks from Federal Reserve officials on Thursday,...
USD/JPY rebounded to 154.50 in Thursday's Asian trading session, after touching down to 154.00 due to the recent dip in the U.S. Dollar and concerns about potential foreign exchange intervention by Japan. A revival in risk appetite is currently bolstering the recovery of this currency pair.
During the early Asian trading session on Friday, the GBP/USD pair maintained its defensive stance around the 1.2430 level. The weakness in the British pound against the stronger U.S. dollar was influenced by robust U.S. economic data and hawkish comments from Federal Reserve officials, sparking speculation that the central bank may delay interest rate cuts until...