Hello everyone, it's Rena here! Today, let's analyze and predict the trend for the XAU/USD. Currently, the international gold price is trading around $2,330 USD/ounce, slightly higher than the previous session. Investors are keenly awaiting the latest U.S. inflation report. If the inflation data exceeds expectations, it could bolster the demand for gold as a...
My dear friends, Please, find my technical outlook for NZDCHF below: The instrument tests an important psychological level 0.5459 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5514 Recommended Stop Loss - 0.5427 About Used...
Hello,Friends! Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.762. ✅LIKE AND COMMENT MY IDEAS✅
My dear friends, My technical analysis for NATGAS is below: The market is trading on 2.886 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.965 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Here is our detailed technical review for BITCOIN. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 67,066. Taking into consideration the structure & trend analysis, I believe that the market will reach 65,026 level soon. P.S Please, note that an...
✅After the retest of the of horizontal support of 1.0667 It makes sense to expect a bullish correction As EUR_USD is oversold and the market players Will be taking profit from the level Fueling a buying wave LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.268. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.276 level. P.S The term oversold...
Following Wednesday's surge, EUR/USD reversed course and experienced significant losses on Thursday. The pair remains under pressure on Friday, trading at its lowest level since early May, just below 1.0700. This downturn reflects the broader market sentiment and the evolving economic landscape. The shift in risk sentiment helped the US Dollar (USD) gain strength...
Hello everyone, it's Rena here! Today, let's dive into the analysis and forecast for the GBP/USD. As of now, GBP/USD is trading around 1.2600. The recent movement in this pair is influenced by several significant factors: Monetary Policy Divergence: The Bank of England (BoE) has been more cautious compared to the Federal Reserve (Fed), which has maintained an...
Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 78.44. 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...
Take a look at our analysis for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.742. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.745 level. P.S We determine...
My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0702 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0773 About Used Indicators: The pivot point itself is...
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 75.09 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
1H - several imbalances have formed above, and the context has locally changed to long. For healthy price movement continuation, it would be appropriate to see a price rebalance in the first half of the week, after which the decline can continue towards the targets formed this week.
Hello,Friends! It makes sense for us to go short on SPY right now from the resistance line above with the target of 531.44 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index...
GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. WHEAT/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation,...
Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 168.879 area....