Take a look at our analysis for NZDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.594. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.580...
During the last summer trading week, gold went up to the resistance zone at 1950. The week ended with the bearish formation of a large candle with a long tail on the daily timeframe. It is interesting where this candlestick was formed. Strong support and the 61.8% Fibonacci level. This suggests that we might see a correction from the resistance zone at 1950-1955....
The price perfectly fulfills my last idea .The price is overall in range phase and it is pulled back to resistance after channel breakout and massive bearish move/impulse leg. I think that If the the price may fall down from the resistance and channel border if the price form a rejection bar and then price to roll back to the support level. My goal is to support...
In my previous EurUsd analysis I wrote that the break of the one-year rising trend line could signal further losses for the pair and traders should keep an eye on the 1.09 zone, suggesting selling above this figure. EurUsd reversed perfectly from resistance leaving a long-tailed continuation Pin Bar on our chart suggesting bears are very strong. Going further, I...
On the H4 chart of gold, we have a bullish trend with the price experiencing an interesting upward momentum at a demand zone around the 1935 level. At the moment, it can be observed that the price is consolidating in the 1945 area with a high probability that it may retrace to the bullish trendline highlighted below before resuming its upward movement, breaking...
The price perfectly fulfills my last idea. It hit the target level. The market is ranging at the daily support, after it made an impulse leg down. The price broke and fixed below the resistance at 1.08000 and previous daily low. I think the market might pullback toward a resistance because bears don't have enough strength to make strong new low. If the price...
Hi Traders! There is a potential double bottom opportunity on the EURUSD 4H chart. The market has found support around the 1.07661 area, which is where the market had its first price rejection to the downside. After bearish momentum on Friday, the market found support again near 1.07661, and the bearish momentum seems to have exhausted, so there is an opportunity...
As you may already know from my previous posts, I’m bullish Gold in the medium term. The basis for this outlook can be observed on the weekly chart. XAU/USD experienced a false downward break beneath the 1900 mark, but this, in the end, has become a bullish engulfing candle. This was followed by a breakout above the resistance of a falling wedge pattern, clearly...
GOLD buy 1944-1940. If it can retest to lower levels 1936-1938 , buy morre. SL 1928, TP 1952-1960-1973 Technical materials: MACD 2 bottom ( H1) + Fibonacci retracement (D1)
In my previous Bitcoin analysis, I said that even 26k could offer support, I don't believe in a real reversal from here. I even had a short-term buy with a 28k target which was reached last week. My idea remains unchanged and after last week's reversal, is reinforced. Technically speaking, the support of the rising channel started at the beginning of the year is...
Dear Ziilllaatraders, We will see a retrace happening anytime soon. Inflation has gone up, and after the NFP we seen a strong dollar. People are being cautious about a possible increase in rate hikes. We think this is temporary so we will see a short and after this a big rise in gold prices. Feel free to ask any questions Greetings, Ziilllaatrades
Dear Ziilllaatraders, The Ichimoku Cloud, a popular technical analysis tool, consists of several components that provide valuable insights into market trends and potential price movements. One of its key components is the "cloud" or "Kumo." The cloud is formed by two lines: the Senkou Span A (also known as the leading span A) and the Senkou Span B (leading span...
– Previous Weekly candle closed Bullish at 1940.100 respecting recent Weekly Support formed around 1889.500, Friday Daily candle closed Doji Bullish with a Rejection to the upside. – Buys on close above 1943.900 targeting 4h Resistance at 1950.200, Leaving Runners to the Daily previous Support formed on 25th July 2023 at 1954.700. – Sells on close below 1935.300...
– Previous Weekly candle closed weak Bearish at 183.940 respecting recent Weekly Resistance, Friday Daily candle closed small bearish respecting Daily Support formed on Friday 25th August 2023. – Buys on close above 184.450 targeting Weekly Resistance formed at 184.900, Leaving Runners to the 1h Resistance formed around 185.290. – Sells on close below 183.690...
✅EUR_USD is retesting a support level From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER has been growing Lately and looks oversold So as we are seeing a failure to Break the falling resistance and A nice bearish reaction from it I think that we will see a Local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅VIX fell again to retest the support of 12.78 But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! DXY will fall after it Hits the horizontal Resistance level of 104.62 Because the index will be Locally overbought at this point Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!