Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements. Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
This morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile. On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike: The Spike...
My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0639 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0724 About Used Indicators: The pivot point itself is...
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0836 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0797 About Used Indicators: For more efficient signals,...
My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2336.5 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2345.8 About Used Indicators: For more efficient signals,...
My dear friends, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 91.623 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 91.120 Recommended Stop Loss - 91.883 About Used...
Okay, This one was requested by @Saikumarvsk The Chart should tell you everything you need to know. But here are some specific pointers: - The price looks to be in a consolidation mood - We have a support trendline at play - The Support and resistance zones are clearly marked - The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They...
Pair : Germany 40 Index Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Breakout of Lower Trend Line Break of Structure RSI - Divergence Lower Lows - Lower Highs Bullish Channel in Short Time Frame
Hello,Friends! CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the NZD/JPY 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 91.697. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 69225 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the EUR/CAD 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 1.467. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. 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 1.931...
Please, check our technical outlook for DXY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.862. The above observations make me that the market will inevitably achieve 105.500 level. P.S Please, note that an oversold/overbought condition can...
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.249. Considering the today's price action, probabilities will be high to see a movement to 1.259. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GBPCHF. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.140. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.144 level. P.S Overbought describes a period of...
Here is our detailed technical review for NAS100USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 17965.1. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 18176.3 level. P.S Please, note that...
Here is our detailed technical review for NZDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.546. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon. P.S Overbought describes a period of...