GBPJPY Is Very Bullish! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.065.
Considering the today's price action, probabilities will be high to see a movement to 191.727.
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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Buy
NQ1! BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NQ1! is making a bearish pullback on the 9H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 21,655.25 level.
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xrp ripple long longterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 109.412.
Considering the today's price action, probabilities will be high to see a movement to 110.871.
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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GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 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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GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 level.
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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CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the CAD/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 110.323 level.
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USD/JPY: Consolidation Ahead of Big MoveLooking at the 4-hour chart of USD/JPY, I see the pair is currently trading around 155.79, with a notable reaction at the support area near 155.50. The 34 EMA and 89 EMA have started to widen their gap, indicating that the bearish pressure is still in place. However, the 155.50 price zone acts as an important psychological support, creating a temporary balance between buyers and sellers.
The 34 EMA acts as dynamic resistance near 156.20. If the price fails to break above this level, the downtrend is likely to continue.
A break below 155.50 could drag the price to test deeper support at 154.80 – a strong support level in previous sessions.
Conversely, if the price breaks above the 34 EMA, the pair could test the higher resistance at 156.80, near the 89 EMA.
GBP/USD: Consolidation at Key SupportLooking at the 4-hour chart of GBP/USD, I see that the pair is currently trading around 1.2202, with signs of consolidation at a strong support zone. The 34 EMA and 89 EMA are still sloping down, indicating that the bearish bias is still dominant. However, the gap between the price and the EMA is narrowing, which could be a sign that the bearish pressure is waning.
In addition, the pair has successfully tested the 1.2170 support zone in recent sessions, creating a solid foundation for a short-term recovery. To break this consolidation, the price needs to overcome the dynamic resistance at the 34 EMA, located around 1.2230. If this happens, the next target will be the 1.2300 zone – a strong psychological resistance.
EUR/USD: Will It Recover or Continue Downtrend?Looking at the daily chart of EUR/USD, I see that the pair is moving within a clear bearish channel. Currently, the price is hovering around 1.0297, near the center line of the channel. The EMA 34 and EMA 89 are still sloping down, confirming the long-term downtrend. However, a small divergence at the support level suggests a potential short-term recovery.
It is worth noting that the price is testing a dynamic resistance zone, near the EMA 34, around 1.0300. If the price fails to break above this level, selling pressure could increase, dragging the price down to the 1.0200 area, or even the bottom of the channel around 1.0100. Conversely, if the price breaks above the EMA 34 and breaks the channel, the next target could be the 1.0400 area.
Gold Gains Amid Low US Inflation – More Upside Ahead?
Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area.
The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone.
Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House.
I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
USDCAD Will Grow! Long!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.448.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 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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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.637 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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bch long midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90600 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.