Here is our detailed technical review for NZDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.594. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.591 level. P.S Please,...
Take a look at our analysis for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.858. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 level. P.S The term oversold refers to...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 26.827. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 24.820 level. P.S Overbought...
The chart is pretty self-explanatory as always :) What do you make of this price action? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or...
The stock, after a strong move from the 1.20 to 5.00 zone, has since materialized in a healthy way, and found support on the 0.78 Fibonacci level. The stock closed an open gap at 3.50 and is having difficulties through this area. Currently producing a cup&handle pattern (orange). in addition there are currently about 18% short interest on the stock, which can...
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Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.701. 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...
Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 17264.3. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 17748.6 level. P.S We determine...
Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 4966.93. The above observations make me that the market will inevitably achieve 5113.40 level. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 82.08. Considering the today's price action, probabilities will be high to see a movement to 83.80. P.S Please, note that an oversold/overbought condition can last for a...
CLSK - struggling to stay above the 14.00 area. Same area was hard resistance (red arrow on the left) after the stock succeed to break that 14.00 area, she keeps her momentum till the 24.50-25.00 area and from that point the stock dive to 14.00 area again, and now the same zone is intended to be a support zone (green arrow on the right) On top of it the same area...
Please, check our technical outlook for AUDUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.645. The above observations make me that the market will inevitably achieve 0.642 level. P.S Please, note that an oversold/overbought condition can...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 105.968. Considering the today's price action, probabilities will be high to see a movement to 103.741. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2340.10. 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...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.063. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.065 level. P.S Please, note that an...
AUDCHF broke and closed above a key daily horizontal resistance. The broken structure turned into support now. The market may keep growing. Next resistance - 0.5909 ❤️Please, support my work with like, thank you!❤️
This weekend, I shared a very bearish forecast for GBPUSD, following a confirmed violation of a key daily horizontal support. As I predicted, the pair started to fall sharply today. The closest support that I see on a daily time frame is 1.222. The underlined blue area will most likely be the next goal for the sellers. ❤️Please, support my work with like,...
Take a look at our analysis for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.969. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.965 level. P.S The term...