EU extends uptrendConan is happy to see you all again.
Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068.
If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs.
Good luck to all of you and successful trading!
Buy
Should I buy or sell EUR/USD today?Hello everyone! Today, let's follow the latest developments of the EUR/USD pair!
Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the signals of expected 4 rate cuts this year, thereby supporting the currency pair.
On the other hand, if EUR/USD finds support around 1.1068, I believe it will continue its upward momentum and may break the target level of 1.1200, paving the way for a journey to conquer new highs.
That's my opinion! Do you agree? Share your thoughts!
DXY Will Go Up From Support! Long!
Take a look at our analysis for DXY.
Time Frame: 15h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 101.074.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102.576 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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USDJPY Will Go Up! Buy!
Here is our detailed technical review for USDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 143.738.
Considering the today's price action, probabilities will be high to see a movement to 144.878.
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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GBPAUD Will Move Higher! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.950.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.962 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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GBPJPY H4 analysis & Trading Route MapePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Now this is ready for small drop and there we can see it will hot a strong support level around 190 to 190.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
188.9
EMA 5 Cross over.
191.4
191.2
BTCUSDT Trend Strategy and Review.BTCUSDT is currently in recovery mode, gaining upward momentum from the support level of $53,780. As it approaches a key resistance zone, there's a possibility it might form a double top pattern. However, given the current market conditions and technical indicators, I’m anticipating a price rebound with a target of $68,300.
My short-term strategy is to sell, while my long-term play is to buy.
What’s your take? Drop a comment and let me know your thoughts!
SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,711.6.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,801.4 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.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY Bullish Outlook?Conan, hello everyone!
After a long period of decline, USDJPY has ended the trading day with a gain, currently trading at 143.85.
It can be seen on almost all timeframes that UJ is making significant gains, indicating a very positive outlook for price growth.
With UJ continuing to trade steadily at this high level, it is likely that the 142.80 price level will be retested in the near future, forming a trend line and using it as a strong support level for further increases. The current expected price level is 144.00 and then 147.00.
EUR/USD: Waiting for a Decisive MoveThe current chart shows that EUR/USD is hovering around a key area, which could be a turning point for the pair's next trend. With the current price near the 34 EMA and 89 EMA, this is a key support area that if held could provide momentum for a new rally.
The price is currently centered around 1.11839, just below the short-term resistance level, which shows some hesitation on the part of investors, waiting for further signals from the market or economic news that could affect the pair. A breakout above this level could demonstrate the strength of the uptrend and open the way for a higher target at 1.12200.
Meanwhile, the support area with a lower limit is at 1.11000. A drop below this level could lead to a deeper bearish move, with the next target likely being 1.10022.
Gold Sweeps New Highs After Fed Rate CutThe 4-hour chart for gold (XAU/USD) is currently showing a clear uptrend, with the price hitting a recent high of $2,625.445 per ounce before showing signs of a slight pullback. Notably, gold has broken above both the 34-day exponential moving average (EMA) and the 89-day EMA, indicating the strength of the uptrend.
The recent price increase can be linked to the latest decision by the US Federal Reserve to cut interest rates by 0.5%, a move that is intended to stimulate the economy but has boosted safe-haven assets like gold. The market is reacting positively to the changes in monetary policy, and gold, as a safe-haven option, is expected to continue to rise in price amid the current uncertainty.
For traders, the next resistance level to watch would be around $2,630. If gold breaks above this level, it could look for higher profit targets (TP) at $2,650 and possibly as high as $2,700, depending on market momentum and upcoming economic data. A stop loss (SL) is recommended at $2,580 to protect profits and minimize risk in case of a sudden price correction in the market.
AUDCAD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.92150 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.92150 support and resistance area.
We would also like to consider the current bullish bias on Indices, due to the positive correlation AUDCAD can benefit from that.
Trade safe, Joe.
XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2580 to 2585 price level.
EMA 5 Crossing levels:-
2590 To 2593
Retracement Zone:-
2580 To 2585
Bullish Gold Levels:-
2615
2638
Bearish Gold Levels:-
2580
2564
2556
2545
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area.
Trade safe, Joe.
Stable Weekend Session: Gold Set for Breakout Next Week?The current chart shows gold trading near key resistance with a steady uptrend. The market closed the weekend session without much sudden movement, reflecting stability following the Fed’s 50bp rate cut. This stability could extend into early next week, as the market continues to assess the long-term impact of monetary policy measures and macroeconomic developments.
With the current price near $2,589, gold could test the resistance at $2,599 and, if successful, could continue to rise. Pay attention to the early trading session next week, if gold maintains its strong growth momentum and there are no negative signals from the market, the next target could be $2,650.
Gold prices trade near historic highsGold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD.
On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market sentiment, as investors shed the USD. In addition, technical indicators have extended their advances into positive levels, albeit with limited upside strength as the XAU/USD pair develops below its recent highs.
Given the current situation, do you expect a long-term bullish wave?
EURUSD: Buy to Win?EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button.
Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024 high of 1.1201 (August 26) and the 2023 high of 1.1275 (July 18).