NEAR fixed above 50EMA (4H TF) Volumes are declining on price correction. I think the asset will rebound from the support again.
On AUD/CHF, we have a long setup after the price began to rotate in the 0.56-0.5630 zone, providing significant confirmations. Currently, we're in a demand zone, and the price seems to be supported by a strong trendline that holds considerable liquidity from the ascending price. Additionally, we have a price that broke two H4 swing highs; the first one lacks an...
Volatility and trading volumes are at low levels. Price and RSI chart formed a convergence (30m TF) I believe that the asset will bounce off the support again.
ETC fixed above 50EMA (4H and 30m TFs) The asset maintains its upward structure after the rebound. I believe the asset will continue to rebound if it holds above the support.
Please, check our technical outlook for US30. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 34176.44. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33575.78 level. P.S We...
Here is our detailed technical review for GOLD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1915.88. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1903.42...
Take a look at our analysis for AUDUSD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.642. The above observations make me that the market will inevitably achieve 0.631 level. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 183.765. Taking into consideration the structure & trend analysis, I believe that the market will reach 184.462 level soon. P.S The term oversold refers to a...
This Bitcoin (BTCUSD) study is centered around the MACD Bullish Cross that took place on the 1M time-frame two months ago. Since 2014, the 1M MACD has formed a Bullish Cross another 3 times. In all cases the 0.786 Fibonacci retracement level was hit either before (only time the June 2019 Libra hype) or after. At the same time, the Symmetrical Support level from...
The gold market made impulse move up and broke the resistance and range zones. The bulls are pushed the price up then it formed a range zone. Price action is ranging zone after level breakout and impulse move. I think if the price falls toward support zone at 1903-1905 then we can buy from it. On the 4H timeframe we can see quit strong resistance and the price...
The Gross Domestic Product (GDP) of a country is one of the primary indicators of its economic health. It reflects the total market value of all goods and services produced over a specific time period within a country's borders. When the GDP of a dominant economy within a currency zone, like Germany in the Eurozone, shows a bearish trend, it can have profound...
On gold, we have a bullish setup supported by a significant trendline that has generated a lot of liquidity. The price is currently sandwiched between two swings, specifically between 1924 and 1912. There are two expectations: Firstly, a potential price increase towards a block supported by the latest 4-hour candle that led to the breakout of the 1922 swing low...
The price bounced off the resistance zone and it is heading towards the support level. The market might form a range zone in the descending channel because it pulled back from support and if support level holds the price most likly the market will range. The price made lower lows after impulse move. The price tested resistance bounced off it that was respected...
The price perfectly fulfills my last idea. The market hit the target level. The price made lower low and reahced the strong support. The market broke through the range zone and the strong support level potentialy can push price higher to resistance. If it pulls back to resistance zone and rejects it, then we might see a further downward move or retest the recent...
I spotted one more bearish flag on EURJPY. The price was correcting within, till it reached a key horizontal resistance. A bearish move initiated then and a support of the flag was broken. The pair may drop lower now. Goals: 157.226 / 156.96 ❤️Please, support my work with like, thank you!❤️
As we have broken the trendline for a bearish trend and as the AUD is weak against the USD so we will go for a short on the London session, geoduck to all.
– Previous Daily candle closed Weak Bullish at 1916.800 as price consolidated with the No Trade Zone from yesterday’s Analysis. – Buys on close above 1921.800 targeting 4h Resistance formed at 1926.300, Leaving Runners to the 1h Resistance formed at 1931.000. – Sells on close below 1914.500 targeting 15min Support at 1909.100, Leaving Runners to the 30min Support...
– Previous Daily candle closed small Bearish at 183.720 respecting the No Trade Zone we’ve had on yesterday’s Analysis. – Buys on close above 184.150 targeting 1h Resistance at 184.580, Leaving Runners to the 4h previous Support formed on 20th August 2023 at 184.880. – Sells on close below 183.460 targeting Daily previous Resistance formed on 2nd August 2023 at...