USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 76.57 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Forecast
EUR/CAD SHORT FROM RESISTANCE
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EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.465 area.
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EUR/GBP BULLS WILL DOMINATE THE MARKET|LONG
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We are targeting the 0.846 level area with our long trade on EUR/GBP which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.902 level.
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30.01.25 Morning ForecastNothing on main watch for me today! A lot of pairs need some development in forming their structures. It's in these times where we need to be able to take a step back, understand it is not a time to be aggressive and stay patient for when entries next shape up.
We have some USD and EUR news today to be aware of, but nothing major.
Catch you guys tomorrow!
2025 S&P500 Forecast Guess by Tim WestI included 2024's guess that I posted here in January last year which turned out to be quite accurate in terms of "action" and "direction". The volatility the market saw with wild swings back and forth was outlined on here as we reached the clusters of guesses from Wall Street estimates.
This is an old technique that I learned from Ken Fisher of Fisher Investments and from Forbes Magazine. His wise and witty insights were the foundation of my investment strategy when I started investing in the mid 1980's.
Basically, when you see what the "market expectations" are for a market like the FOREXCOM:SPX500 or S&P500 Index, you can then figure out what needs to happen to get the market to their estimates and realize the market will go to somewhere else other than their guesses.
With 2024 showing a majority of "less than historical average" forecasts and more downside forecasts, it was quite clear that the market could easily outpace or outperform those forecasts.
Now that 2025 shows that analysts are looking for an average year or more, I think it is safe to say that we won't get an average year.
We now have a rising US dollar, which hurts overseas earnings. We also have higher energy prices which also hurts earnings. And yet we have plenty of cash on the sidelines as everyone who missed the rally is hoping to buy on a decline and others are just happy to earn 5% on their cash balances thanks to an ultra-tight Fed (compared to the last 20 years).
So, I expect more of the same that we have seen in January and I also expect sharp declines if we get any moves above the highs and up towards 6500 on the SPX.
NAS100USD Will Grow! Long!
Here is our detailed technical review for NAS100USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 21,546.0.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 21,980.8 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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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 73.23.
The above observations make me that the market will inevitably achieve 75.54 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.
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EURGBP Will Go Up From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.837.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.839 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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GBPAUD Will Go Lower! Sell!
Here is our detailed technical review for GBPAUD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.994.
Considering the today's price action, probabilities will be high to see a movement to 1.983.
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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US100 Will Fall! Sell!
Please, check our technical outlook for US100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 21,855.7.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 21,446.9 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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GOLD BEARS ARE GAINING STRENGTH|SHORT
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The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2,669.716.
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AUD/USD BUYERS WILL DOMINATE THE MARKET|LONG
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Bullish trend on AUD/USD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.625.
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NZD/USD BULLISH BIAS RIGHT NOW| LONG
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NZD/USD is trending up which is obvious 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 0.566.
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USD/CAD BEST PLACE TO SELL FROM|SHORT
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USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.435 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD: Bulls Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed up by the bulls so we will buy!
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DXY Will Go Down! Short!
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 107.947.
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 106.747 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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SILVER Is Bullish! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 30.136.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 31.006 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.
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EURUSD Is Very Bullish! Long!
Here is our detailed technical review for EURUSD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.042.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.055 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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AUDJPY Is Going Up! Buy!
Take a look at our analysis for AUDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 96.995.
The above observations make me that the market will inevitably achieve 97.514 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!
US30 Will Grow! Long!
Please, check our technical outlook for US30.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 44,032.57.
Taking into consideration the structure & trend analysis, I believe that the market will reach 44,606.36 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!