USDCAD Is Approaching An Important SupportHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.33900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33900 support and resistance area.
Trade safe, Joe.
Buy
Gold Is Approaching A Decent Support AreaHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2490 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2490 support and resistance area.
Trade safe, Joe.
DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 101.111.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 101.409 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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USDJPY Will Go Up From Support! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 144.875.
Taking into consideration the structure & trend analysis, I believe that the market will reach 151.201 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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NZDCHF Will Go Higher! Long!
Here is our detailed technical review for NZDCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.526.
Considering the today's price action, probabilities will be high to see a movement to 0.537.
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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EUR/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
EUR/USD is trending up which is evident 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 great trend following opportunity for a long trade from the support line below towards the supply level of 1.115.
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S&P500 Consolidation Phase Towards The UptrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5540 zone, SPX is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5540 support and resistance area.
Trade safe, Joe.
EURGBP Is Very Bullish! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.844.
The above observations make me that the market will inevitably achieve 0.850 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.
Like and subscribe and comment my ideas if you enjoy them!
CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the CAD/CHF with the target of 0.628 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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BTC Faces Resistance and ADA Coin Struggles SHORT...Bitcoin (BTC) continues its fluctuating movements, unable to surpass the $65,000 resistance for the second time. Despite a generally positive outlook in the crypto markets, the third-quarter performance has historically been the weakest period of the year. BTC remains calm despite several promising developments.
USDCHF: Breakout And Potential RetraceHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.84000 zone, USDCHF 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 0.84000 support and resistance zone.
Trade safe, Joe.
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 100.664.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102.105 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.
Like and subscribe and comment my ideas if you enjoy them!
EUR/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/NZD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D 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 1.839 area.
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NASDAQ => Pullback Phase Approaching The Trend!!Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19150 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19150 support and resistance area.
Trade safe, Joe.
GBPJPY Potential UpsideHey Traders, in tomorrow's trading session we are monitoring GBPJPY for a buying opportunity around 189.700 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 189.700 support and resistance area.
Trade safe, Joe.
PARA Paramount Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PARA Paramount Global prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $0.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.