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...
GBPJPY is very weak. The pair is coiling within a narrow range for 2 weeks. FED & BOE interest rate decisions are ahead. These news can be the important catalysts for the pair. Watch carefully how the price reacts to the boundaries of the range. If the price breaks and closes above 188.95 on a daily, for us, it will be a strong trend following signal. A...
Put this Bank's Swing Trade in your Watchlist Guys! It's Price has a Significant potential to Hit Century again ;)
Please, check our technical outlook for US30. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 38013.6. Considering the today's price action, probabilities will be high to see a movement to 38393.0. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for EURCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.460. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.471 level soon. P.S Overbought describes a period...
Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below : stock is in a uptrend and corrected till the 0.618 zone (golden zone) 50EMA support in daily TF created a 'W' pattern a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles) Stock could easily move unto 193-198.65 levels...
Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 41732. 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...
Take a look at our analysis for EURGBP. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.853. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.857 level. P.S The term oversold refers to a...
Please, check our technical outlook for AUDUSD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.659. Considering the today's price action, probabilities will be high to see a movement to 0.652. P.S The term oversold refers to a condition where an asset has...
Take a look at our analysis for SILVER. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 22.876. Taking into consideration the structure & trend analysis, I believe that the market will reach 22.507 level soon. P.S Please, note that an oversold/overbought...
Dollar Index keeps consolidating. The market is stuck within a narrow range on a daily. It feels like the market participants are waiting for the FED interest rate decision next week. Pay attention to the boundaries of the range. Its bullish breakout will be a strong bullish confirmation. A bullish continuation will be anticipated at least to 104.15 level...
Take a look at our analysis for DXY. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 103.190. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 103.752 level. P.S Overbought describes a period of...
Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2018.253. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2039.326 level. P.S Please, note...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.086. Considering the today's price action, probabilities will be high to see a movement to 1.095. P.S The term oversold refers to a condition where an asset has...
Take a look at our analysis for EURGBP. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.855. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.858 level soon. P.S We determine oversold/overbought condition...