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...
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2347.63. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2395.80 level. P.S The term oversold...
On the pound, there are no significant differences observed compared to the euro. There is also a clear short order flow, and positions can be considered based on reactions to FVG with targets for continuation in short direction
We continue with the short order flow on the euro, and the context remains short as well. There are no significant signs of a reversal observed yet. For a change in sentiment on the primary timeframe, it is important for the price to establish itself above 1.0735. I don't expect any particularly clear movements for the day since the intraday target at PDL has been reached.
Gold rebounded after the US PPI index was lower than expected Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded...
VUL has broken out of descending wedge and has also broken out of a channel going back to mid 2023 with bullish RSI divergence. It is now retesting strong support of the channel trend and previous swing high if it can make a higher low here we will be off to the races 🚀 Good luck 🍀
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to...
Market Analysis PT2/2 (12th April 2024) EURJPY Analysis On the 4 hour timeframe, price action has created a a nice support and resistance of about 40 pips wide. This tells us that price on EJ is currently consolidating. There are 2 potential scenarios here: 1) Price pushes higher, breaking through the 4 hour resistance, and retesting it before going...
Market Analysis PT1/2 (12th April 2024) GBPUSD Analysis On the Weekly timeframe, price action yesterday took out the weekly low and retraced extremely hard. This shows that the weekly low that broke was more of a liquidity sweep, not a proper break of the low. On the 1 hour timeframe, i would like to see the 1 hour Fair Value Gap get tested. Once tested...
Today`s gold charge for spot transport on the arena marketplace is at 2,330 The international gold charge plummeted via way of means of 20 USD inside 1/2 of a minute after americaA introduced that inflation passed marketplace expectations. Inflation in March elevated via way of means of 0.4%, better than 0.3% as expected. This places americaA Federal Reserve (Fed)...
Today's gold price for spot delivery on the world market is at 2,330 The world gold price plummeted by 20 USD within half a minute after the US announced that inflation exceeded market expectations. Inflation in March increased by 0.4%, higher than 0.3% as expected. This puts the US Federal Reserve (Fed) in a "dilemma" in planning monetary policy. The consumer...
✅DXY is going up now And the index broke the Key horizontal level of 105.000 Which is a support now and After the pullback and retest Of the new support we will Be expecting a bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 12 April 2024 Trade Idea 1 BUY LIMIT Order: $2351.75 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take Profit 2: $2391.90 Trade Idea 2 BUY LIMIT Order: $2345.61 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take...
Current Market Overview: The EUR/USD pair has recently reached a significant support zone and has broken below a key trend line after experiencing some fluctuations within this zone. This breach signals a potential shift in market dynamics. Technical Analysis: 1. Support Zone: The pair has reached a crucial support zone, suggesting a potential reversal in the...