Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 76.37. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 81.90 level. P.S Overbought describes a period of time where...
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 trading around a solid horizontal structure 103.438. The above observations make me that the market will inevitably achieve 105.964 level. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for GBPJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 186.714. Taking into consideration the structure & trend analysis, I believe that the market will reach 185.046 level soon. P.S The term oversold refers to a...
Take a look at our analysis for NZDUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.612. 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...
Here is one interesting case study showing that despite good fundamentals, some companies will underperform. - SIS was listed at a price of 815 in 2017 - It later had a stock split from FV of Rs. 10/Share to Rs. 5/Share. For every share exchanged, Investors got 2 shares. - So, technically with the current price chart (post-split), the adjusted listing price...
Please, check our technical outlook for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2037.204. Taking into consideration the structure & trend analysis, I believe that the market will reach 2024.871 level soon. P.S Overbought describes a period...
Here is our detailed technical review for EURUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.082. Considering the today's price action, probabilities will be high to see a movement to 1.089. P.S Please, note that an oversold/overbought condition can...
Please, check our technical outlook for AUDUSD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.660. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.654 level. P.S Please,...
Take a look at our analysis for EURAUD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.640. The above observations make me that the market will inevitably achieve 1.651 level. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for SPX500. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 4925.77. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 4909.74 level. P.S We...
Here is our detailed technical review for CHFJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.110. 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...
Here is our detailed technical review for NAS100. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 17460.9. The above observations make me that the market will inevitably achieve 17677.3 level. P.S Overbought describes a period of time where there has...
Here is our detailed technical review for EURCHF. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.932. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.940 level. P.S The term oversold...
We got a double bearish breakout on AUDCAD. The price violated both a solid rising trend line and a wide horizontal demand area. We see a very nice rejection after a retest of a broken trend line. It makes me think that the pair may drop much lower. Next support - 0.878 ❤️Please, support my work with like, thank you!❤️
Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2026.611. 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...
Here is our detailed technical review for AUDUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.670. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.661 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for EURUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.088. 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...
Please, check our technical outlook for GBPJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 188.171. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 187.576...