Please, check our technical outlook for USDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.347. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.336 level....
Here is our detailed technical review for NASDAQ. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 13041.2. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 12764.4...
Take a look at our analysis for ETHUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1918.1. The above observations make me that the market will inevitably achieve 1835.6 level. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GBPUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.242. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.253 level soon. P.S Overbought describes a period of time where...
Here is our detailed technical review for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.877. Considering the today's price action, probabilities will be high to see a movement to 0.882. P.S Please, note that an oversold/overbought condition can last for a long...
Take a look at our analysis for DXY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 101.991. 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...
Please, check our technical outlook for GOLD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2000.24. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2060.14 level. P.S We determine...
Here is our detailed technical review for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.091. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.102 level. P.S Overbought...
Take a look at our analysis for EURCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.472. The above observations make me that the market will inevitably achieve 1.459 level. P.S Please, note that an oversold/overbought condition can last for...
Anchoring is a heuristic in behavioral finance that describes the subconscious use of irrelevant information, such as the purchase price of a security, as a fixed reference point (or anchor) for making subsequent decisions about that security. Thus, people are more likely to estimate the value of the same item higher if the suggested sticker price is $100 than...
Please, check our technical outlook for US30. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 33546. Taking into consideration the structure & trend analysis, I believe that the market will reach 32229 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for GBPCHF. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.122. Considering the today's price action, probabilities will be high to see a movement to 1.126. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 28099.38. 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...
Please, check our technical outlook for GBPJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 163.973. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 160.775 level. ...
Here is our detailed technical review for NZDJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 82.627. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 83.133 level. P.S The term...
Take a look at our analysis for US30. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 33405. The above observations make me that the market will inevitably achieve 32646 level. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 80.468. Taking into consideration the structure & trend analysis, I believe that the market will reach 77.093 level soon. P.S Overbought describes a period of...
Here is our detailed technical review for USDCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.349. Considering the today's price action, probabilities will be high to see a movement to 1.341. P.S Please, note that an oversold/overbought condition...