Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.085. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.082 level. P.S Overbought...
Take a look at our analysis for US500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5236.6. 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...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.198. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.970 level soon. P.S We determine oversold/overbought...
Bitcoin (BTC/USD) 4 Hour chart: price broke out of the symmetrical triangle to the upside. Potential resistance prices: $73000, $75000, $80000. Potential support prices: $64000, $60000, $55000. Bearish scenario: Price rejection below $74000. Could start a new downtrend if price is rejected again, in the medium-term time frames. Bullish scenario: Price...
NZDUSD broke and closed below a key daily structure support. The broken structure turned into resistance now. We see a retest of a broken structure. To short the pair with a confirmation, pay attention to a bearish flag pattern on a 4H time frame. Its support breakout - 4h candle close below will confirm the strength of the sellers. A bearish continuation...
Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 191.147. The above observations make me that the market will inevitably achieve 187.678 level. P.S The term oversold refers to a condition where an asset has...
Take a look at our analysis for EURJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 164.049. The above observations make me that the market will inevitably achieve 165.508 level. P.S The term oversold refers to a condition where an asset has...
Take a look at our analysis for NZDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 90.749. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 91.088 level. P.S We determine oversold/overbought condition...
The price shows signs of bottoming out on crucial weekly support zone and appears to be forming higher highs from that point. Expecting a rally to at least $200 levels.
BINANCE:ROSEUSDT (4H CHART) Technical Analysis Update ROSE is currently trading at $ and showing overall bullish sentiment We can expect consolidation around this are and then its headed straight to the next resistance. Since the overall market is expected to bullish for next 1-2 years, this trend is gonna hold and easily reach previous ATH Entry level:...
Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2176.117. Considering the today's price action, probabilities will be high to see a movement to 2157.430. P.S Overbought describes a period of time where there...
Take a look at our analysis for USDJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 151.191. The market is approaching a significant resistance area 150.533. P.S Please, note that an oversold/overbought condition can last for a long time, and...
Here is our detailed technical review for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.651. Considering the today's price action, probabilities will be high to see a movement to 0.654. P.S The term oversold refers to a condition where an asset...
Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.080. The above observations make me that the market will inevitably achieve 1.084 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5237.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5193.0...
Please, check our technical outlook for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.711. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.719 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 64579. Taking into consideration the structure & trend analysis, I believe that the market will reach 60369 level soon. P.S Please, note that an...
Here is our detailed technical review for SILVER. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 24.464. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 25.165 level. P.S Please, note...