CADCHF Is Very Bearish! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.652.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.650 level soon.
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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Currency
BITCOIN Is Bullish! Buy!
Take a look at our analysis for BITCOIN.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 67252.
The above observations make me that the market will inevitably achieve 71786 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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The inflation data sinks the EUR/USD, with support at 1.087 The inflation data from the United States has had consequences in the financial markets. The EUR/USD has depreciated by -0.67% on Thursday, March 14th.
Global stock markets were heading for a tepid end of the week after seven weeks of gains, and the dollar remained strong following higher-than-expected U.S. inflation, which impacted expectations about the Federal Reserve's timing and frequency of interest rate cuts.
The euro extended its decline from the previous day, reaching $1.087, after hitting a two-month high of $1.0980 a week ago.
What will happen with the EUR/USD next week?
Currently, the pair is trading at 1.089, showing green on the daily chart and above the support level at 1.087. As long as the bulls hold this support level, we can expect them to attempt to push the price toward the resistance at 1.112 (the high from December 28, 2023). However, bearish pressure could push the pair back. Other important support levels include:
1.087 (38.2% Fibonacci)
1.079 (200-day moving average)
1.066 (50% Fibonacci)
**THIS IS NOT INVESTMENT ADVICE AND SHOULD NOT BE TAKEN AS SUCH. EACH INDIVIDUAL IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC.**
GBPUSD H4 15 March 2024GBPUSD H4 15 March 2024
Lack of market catalysts from the UK region coupled with US Dollar appreciation prompted a bearish momentum for the GBP/USD pair. Strong US inflation data and high PPI figures dimmed expectations for Fed easing policies, contrasting with the UK's economic rebound from recession, which pushed back expectations for a Bank of England rate cut.
GBP/USD is trading lower following the prior breakout below the previous support level. Suggesting the pair might extend its losses.
Resistance level: 1.2770, 1.2860📉
Support level: 1.2700, 1.2615📈
US500 Will Move Higher! Long!
Here is our detailed technical review for US500.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 5154.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 5171.8 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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GBPAUD Is Very Bullish! Buy!
Please, check our technical outlook for GBPAUD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.935.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.941 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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GBPCAD Will Go Lower! Short!
Take a look at our analysis for GBPCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.725.
The above observations make me that the market will inevitably achieve 1.720 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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DXY Will Go Higher! Buy!
Take a look at our analysis for DXY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 102.745.
The above observations make me that the market will inevitably achieve 103.127 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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BTC 15K to 73K, the beginning of the HOLDER dream pre-Halving!!
1. BTC is trading around 72.5K, surpassing its **all-time high (ATH) of 69K.
2. From its minimum around 15K, the original cryptocurrency has appreciated by 383%.
3. BTC HODLERS have experienced significant gains, with most of them currently in a profitable situation.
4. The critical question that arises is: **When will be the right time to sell?
The Crypto Community Profits After the Longest Bear Market in History
They say that after a long wait, substantial benefits emerge. And this is precisely what's happening in the crypto world. Traders, HODLERS, and crypto investors have weathered one of the worst bear markets in history. Many abandoned ship before it sank, but the wisest persevered. Their incredible profits today are a testament to their tenacity and patience.
Technically, BTC/USDT is on an upward trajectory since the 42.5K mark, appreciating by 73% from that level. Corrections will continue to weed out inexperienced traders who jump in during bullish market conditions, but the bullish targets remain steadfast.
1st bullish target: 80K
2nd bullish target: 120K
3rd bullish target: 150K
4th bullish target: 185K (only if it closes above 150K and that level becomes support; otherwise, it could signal the start of a new BEAR MARKET)
Regarding support levels, as long as we remain above the ATH (69K), the bullish trend remains secure. Additionally, if BTC enters a sideways phase and BTC DOMINANCE starts declining, it might be the perfect moment for ALTCOINS to continue their upward trajectory.
Remember: This is not investment advice and should not be taken as such. Each individual is responsible for their actions as a trader or investor.
DXY Will Fall! Sell!
Take a look at our analysis for DXY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 102.835.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 102.370 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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GOLD Will Go Higher From Support! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2170.596.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2182.029 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!
EURUSD Will Go Up From Support! Long!
Here is our detailed technical review for EURUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.093.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.100 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.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Is Bullish! Long!
Take a look at our analysis for EURJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 161.571.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 162.497 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Will Move Higher! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 24.239.
Considering the today's price action, probabilities will be high to see a movement to 25.550.
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!
NAS100 Will Go Down! Sell!
Please, check our technical outlook for NAS100.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 18199.94.
Taking into consideration the structure & trend analysis, I believe that the market will reach 17820.21 level soon.
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!
AUDUSD H4 14 March 2024AUD/USD, H4 14 March 2024
AUD/USD edged higher as markets anticipated a potential Federal Reserve interest rate cut in June, despite sticky inflation data. Contrastingly, the Reserve Bank of Australia (RBA) hints at potential rate hikes amidst elevated inflammation levels, signalling divergent monetary policies between the two central banks.
AUD/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains
Resistance level: 0.6645, 0.6680📉
Support level: 0.6585, 0.6535📈
EURUSD H4 14 March 2024EUR/USD, H4 14 March 2024
EUR/USD experienced modest gains, supported by US Dollar depreciation. However, market
sentiment remains mixed as investors weigh macroeconomic outlooks in the Eurozone and the
United States. Anticipation builds ahead of potential borrowing cost adjustments by the European Central Bank (ECB) and the Federal Reserve (Fed) in June.
EUR/USD is trading higher while currently testing the resistance level.Suggesting the pair might extend its gains after breakout
Resistance level: 1.0960, 1.1095📉
Support level: 1.0865, 1.0765📈
GBPUSD H4 13 March 2024GBP/USD, H4 13 March 2024
The Pound Sterling has managed to find support at 1.2780 levels, experiencing a modest rebound from its recent bearish trend. However, recent economic data from the UK has presented some challenges for the currency. Yesterday's release of average earning growth and the unemployment rate fell short of expectations, adding to the pressure on the Sterling. Meanwhile, the Dollar strengthened further as the CPI reading surpassed expectations. Traders are likely to closely monitor the upcoming UK GDP reading scheduled for today. This data will provide insights into the overall economic conditions in the country, potentially influencing the strength and direction of the Pound.
GBP/USD has found support from its recent bearish trend at 1.2780 levels, suggesting a potential rebound at these levels. Suggests the bullish momentum is vanishing.
Resistance level:1.2905, 1.2995📉
Support level: 1.2780, 1.2710📈
CADJPY Will Go Higher From Support! Buy!
Please, check our technical outlook for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 109.006.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.549 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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GBPUSD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.276.
Considering the today's price action, probabilities will be high to see a movement to 1.286.
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.
Like and subscribe and comment my ideas if you enjoy them!
SPX500USD Is Going Up! Long!
Here is our detailed technical review for SPX500USD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 5149.7.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 5195.3 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!
USOIL Will Fall! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 77.81.
The above observations make me that the market will inevitably achieve 73.55 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!