NAS100 Is Very Bullish! Buy!
Take a look at our analysis for NAS100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 18,831.98.
The above observations make me that the market will inevitably achieve 19,527.54 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Buy
USOIL Is Going Up! Long!
Please, check our technical outlook for USOIL.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 69.81.
Taking into consideration the structure & trend analysis, I believe that the market will reach 72.72 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPJPY Will Go Higher From Support! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 188.555.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.544 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD LONG FROM SUPPORT
Hello, Friends!
GOLD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,523.250 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/USD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.105 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 101.675.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 102.148 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCHF Will Move Higher! Buy!
Please, check our technical outlook for GBPCHF.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.114.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.121 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DXY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 101.500 zone, DXY 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 101.500 support and resistance area.
Trade safe, Joe.
NASDAQ Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 18350, 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 18350 support and resistance area.
Trade safe, Joe.
Premium Long Trade Setup: DUSKUSDTToday, I’m excited to share our premium long trade setup for DUSKUSDT. Let’s start by focusing on the critical $1.45 support level, where we observed a clean rejection of the 161.8% Fibonacci support. This rejection is a strong positive signal, indicating a potential trend reversal for DUSK.
Currently, we see the completion of a 5-wave move to the upside, which confirms that this rally is not merely an ABC correction. With the 5-wave structure complete, it’s logical to anticipate an ABC correction to the downside.
We’ve strategically placed our buy limit order at $0.2211, offering a robust 1:3 risk-reward opportunity. Additionally, we’ve set three upside targets. Upon reaching the first target, we plan to secure 50% of the profit and simultaneously eliminate the trade’s risk. This approach allows us to manage the trade with confidence, knowing that we’re in a strong position for potential gains.
Let’s monitor this setup together and enjoy the process. Happy trading!
USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
The BB lower band is nearby so USOIL is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 76.95.
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AUD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/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 0.680.
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NZD/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
NZD/USD is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 0.627.
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EURUSD Is Going Up! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.103.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.109 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDNZD Will Grow! Buy!
Here is our detailed technical review for AUDNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.088.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.091 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD Will Go Higher! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
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 1.351.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURAUD Will Go Up! Buy!
Take a look at our analysis for EURAUD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.632.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.640 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Bitcoin long idea after the liquidity grab. Who is with meA lot of traders have been stopped out buy the liquidity grab, now price has the inducement to to go to the upside.
The size of the liquidity grab is the accumulation of over six months.
Traders who have been trading in the small and big timeframes between 1st of march to 1st of September have been loosing money.
There is no reason for bitcoin to go to $39k.
USDCAD Potential Upsides With BoC Rate Decision In WednesdayHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34800 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34800 support and resistance area.
Trade safe, Joe.
SILVER LONG FROM SUPPORT
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 6H 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 29.309 area.
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Bitcoin - COVID vs RECESSION fear comparison#BTC #Analysis
Description
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The monthly chart for Bitcoin is displaying a pattern reminiscent of the 2020 COVID crash chart. In 2020, Bitcoin experienced a similar crash, leading to a significant wick in the monthly chart. We are currently observing a similar pattern in 2024, attributed to the market crash caused by recession fears. I anticipate a recovery in the price similar to what was witnessed in 2020. Such a recovery would confirm the presence of a bull market.
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Enhance, Trade, Grow
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VectorAlgo