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US500 Is Going Down! Sell! Here is our detailed technical review for US500. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,996.5. Considering the today's price action, probabilities will be high to see a movement to 5,900.6. 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!
CAPITALCOM:US500Short
by SignalProvider
1
USOIL Will Grow! Buy! Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 68.870. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 70.475 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. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:WTILong
by SignalProvider
1
USDJPY Will Go Lower From Resistance! Short! Please, check our technical outlook for USDJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 156.038. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 153.678 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!
Short
by SignalProvider
5
NZDCAD Will Go Up From Support! Long! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.820. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 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!
Long
by SignalProvider
1
GOLD Will Go Down! Short! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,609.486. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,575.180 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
NAS100 Will Go Lower! Sell! Take a look at our analysis for NAS100. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 21,056.31. The above observations make me that the market will inevitably achieve 20,692.20 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!
VANTAGE:NAS100Short
by SignalProvider
1
GBPUSD Will Move Higher! Buy! Here is our detailed technical review for GBPUSD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.274. Considering the today's price action, probabilities will be high to see a movement to 1.278. 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!
Long
by SignalProvider
1
EURGBP Is Bearish! Sell! Take a look at our analysis for EURGBP. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.833. 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 0.828 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!
Short
by SignalProvider
2
EURNZD Will Go Higher From Support! Long! Please, check our technical outlook for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.785. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.790 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!
Long
by SignalProvider
1
EUR/USD FundamentalThe EUR/USD pair is influenced by a variety of fundamental factors, including: Euro-Zone Factors: Economic Growth: The Eurozone's economic growth rate relative to the US economy plays a significant role. Stronger growth in the Eurozone tends to support the Euro. Inflation: The European Central Bank's (ECB) monetary policy decisions, particularly interest rate adjustments, are influenced by inflation levels. Higher inflation can lead to tighter monetary policy, which may strengthen the Euro. Political Stability: Political events and uncertainties within the Eurozone, such as elections or government instability, can impact market sentiment and the Euro's value. US Factors: Economic Growth: The US economy's growth rate relative to the Eurozone is a key factor. Stronger US growth can strengthen the US Dollar. Inflation: The Federal Reserve's (Fed) monetary policy decisions, including interest rate adjustments, are influenced by US inflation. Higher inflation can lead to tighter monetary policy, which may strengthen the US Dollar. Political Stability: Political events and uncertainties within the US, such as elections or government instability, can impact market sentiment and the US Dollar's value. Global Factors: Risk Appetite: Global risk sentiment can affect both currencies. During periods of increased risk aversion, the US Dollar, often considered a safe-haven currency, may strengthen. Commodity Prices: Fluctuations in commodity prices, particularly oil, can impact both economies. Rising oil prices can benefit the US economy, while it can negatively impact the Eurozone, which is a net importer of oil. Geopolitical Events: Global geopolitical events, such as wars or trade tensions, can influence both currencies. Additional Considerations: Market Sentiment: Overall market sentiment, including investor confidence and risk appetite, can impact the EUR/USD pair. Technical Analysis: Technical analysis, which involves studying price charts and patterns, can provide insights into potential price movements. Central Bank Interventions: Central bank interventions, such as currency market interventions or changes in monetary policy, can significantly impact the EUR/USD pair. It's important to note that the EUR/USD is a complex pair influenced by a multitude of factors. Staying informed about economic indicators, central bank policies, and geopolitical events is crucial for understanding the pair's dynamics. Additionally, consulting with financial experts or using reliable market analysis tools can help you make informed decisions when trading or investing in the EUR/USD.
by ITManager_US