Hello,Friends! SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H 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 31.799...
Hello everyone, today let's join Rena to review some information and predict the trend for the GBP/USD currency pair! If GBP/USD maintains above the support level of 1.2550, we might see a recovery towards the resistance level of 1.2650. Today's trend may continue to decline due to the difference in monetary policies between the Bank of England (BoE) and the...
Hello everyone, today let's join Rena to review some information and predict the trend for the EUR/USD currency pair! If EUR/USD maintains above the support level of 1.0850, we might see a recovery towards the resistance level of 1.0950. Today's trend may continue to decline due to the difference in monetary policies between the ECB and the Fed, along with...
Hello everyone! What are your thoughts on XAUUSD? Looking at the 1D chart, it's clear that XAUUSD is currently in an accumulation phase, moving sideways around the $2400 level. However, the upward momentum remains promising as the Bulls are firmly defending the strong support at $2320. Given this scenario, it's likely that in the near future, gold will break...
FX:USOIL looks to have created a short term low just below 7300. Im now looking at a rally so watching this PB going into Monday for a potential move back up towards 78-80. Watching for 7400-7480 on Monday to hold for the next move higher. Enjoy the week. More updates coming.
Hello,Friends! Previous week’s red candle means that for us the NZD/USD 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 0.616. ✅LIKE AND COMMENT MY IDEAS✅
Gold (XAU/USD) faced fresh selling pressure during the Asian trading session on Tuesday, eroding some of its modest recovery gains from the previous day’s low of $2,287, the lowest in a month. This decline was largely in response to optimistic U.S. employment data. Investors are now less confident about the Federal Reserve cutting interest rates in September....
Take a look at our analysis for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.076. Considering the today's price action, probabilities will be high to see a movement to 1.079. P.S The term oversold refers to a condition where an asset has traded...
Hello there! What are your thoughts on BTCUSDT? Yesterday, Bitcoin saw a pullback towards the end of the session, slipping below the 70,000 USD support level and is now trading around 69,500 USD. It seems that BTC lacks the momentum to break past its record highs. Looking ahead, further adjustments are expected, and buyers need to hold the line at 67,000 USD to...
Hey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 18,800 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18,800 support and resistance area. Trade safe, Joe.
BINANCE:GALAUSDT (12H CHART) Technical Analysis Update GALA is currently trading at $0.03845 and price has hit the support, price has been in the ranging market for more than a month. I'm expecting the price to bounce back from the support and hit the resistance zone. This will give a nice profit in a long trade. Entry level: $ 0.03846 Stop Loss Level: $...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Hello,Friends! We are now examining the AUD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 103.563 level. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.845 level soon. P.S We determine oversold/overbought...
Hello everyone! Today, let’s join Rena in predicting the BTC/USD trend! The BTC/USD market has been trading sideways within a narrow range of $69,876 - $71,453 over the past 24 hours. Currently, the price is hovering around the $71,120 mark. Based on the above analysis, I predict that BTC/USD could trend upwards in the short term with a target of $74,000....
Hello everyone, let's dive into today's gold market update! Yesterday, gold took a sharp dive and is now standing at $2,294 per ounce, down $84.29 from the previous day, with no signs of stopping. This decline was driven by stronger-than-expected U.S. job reports, which crushed hopes for a rate cut this year. Additionally, data showed that China, the world’s top...
EUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss...
Starting things off with euro to the USD this pair has finally shifted bearish into the higher time for a narrative we have mentioned so many times over the last fortnight. This means for us this week we are predominantly focusing on bearish movements, as it stands we have an nfp range this is the overall range responsible for shifting us bearish, Within the 4...