Here is our detailed technical review for US30. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 39045.90. Considering the today's price action, probabilities will be high to see a movement to 39207.36. P.S The term oversold refers to a condition where an...
Here is our detailed technical review for BITCOIN. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 62218. Considering the today's price action, probabilities will be high to see a movement to 64621. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2082.754. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2058.865...
Take a look at our analysis for EURNZD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.774. 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...
Take a look at our analysis for NZDCAD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.827. The above observations make me that the market will inevitably achieve 0.832 level. P.S The term oversold refers to a condition where an asset has traded...
Hey trader Bank of baroda stock has been consolidating within a tight down range for the past few weeks, forming a pole and flag pattern on the daily chart. As the price approaches the apex of the pattern, volatility is likely to increase, potentially leading to a breakout. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average...
Beautiful xyo entry and exit on this one, 60%+ gains is not bad, there’s still a lot more to go However after selling we can expect a massive retracement to make a healthy market. We could see this pull back to entry point or the sell zone below it around $0.00841–$0.00771…. I have pulled and entered into XCN as this chart is building some very nice curved support...
Here is our detailed technical review for NZDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 91.691. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 92.496 level. P.S Please, note...
Take a look at our analysis for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2.070. The above observations make me that the market will inevitably achieve 2.056 level. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for NZDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.826. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.829 level. P.S The term oversold refers...
Here is our detailed technical review for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.264. Considering the today's price action, probabilities will be high to see a movement to 1.258. P.S The term oversold refers to a condition where an...
USDJPY is trading in a bullish trend. After the price set a new higher high, we see quite an extended consolidation within a horizontal range. 150.9 is the resistance of the range. If the market breaks and closes above that on a daily, we can anticipate a trend-following movement. Next resistance will be 151.6 Alternatively, a bearish breakout of the support...
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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 104.109. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.976 level soon. P.S We determine oversold/overbought...
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 testing a major horizontal structure 1.082. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.080 level soon. P.S Please, note that an...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 22.341. The above observations make me that the market will inevitably achieve 22.863 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for US30. Time Frame:8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 38818.55. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 39218.35 level. P.S We determine...
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 103.995. Considering the today's price action, probabilities will be high to see a movement to 105.026. P.S Overbought describes a period of time where there has...