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NAS100 Is Very Bullish! Buy! Take a look at our analysis for NAS100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 18,831.98. The above observations make me that the market will inevitably achieve 19,527.54 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!
FX:NAS100Long
by SignalProvider
1
USOIL Is Going Up! Long! Please, check our technical outlook for USOIL. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 69.81. Taking into consideration the structure & trend analysis, I believe that the market will reach 72.72 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!
TVC:USOILLong
by SignalProvider
1
EURUSD Will Fall! Sell! Here is our detailed technical review for EURUSD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.110. Considering the today's price action, probabilities will be high to see a movement to 1.105. 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!
Short
by SignalProvider
1
GBPJPY Will Go Higher From Support! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 188.555. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.544 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!
Long
by SignalProvider
2
EURUSD ForecastingEUR/USD Forecasting: A Complex Task EUR/USD forecasting is a challenging endeavor due to numerous factors influencing its price movement. These include: Economic Indicators: GDP growth rates, inflation, unemployment rates, and interest rate decisions from the European Central Bank (ECB) and the Federal Reserve (Fed) significantly impact the exchange rate. Geopolitical Events: Global conflicts, trade tensions, and political instability can cause sudden and substantial shifts in the EUR/USD. Market Sentiment: Investor confidence, risk appetite, and speculative trading can drive short-term fluctuations. While there's no foolproof method for predicting future EUR/USD prices, here are some approaches: Fundamental Analysis Economic Calendar: Monitor key economic releases from both the Eurozone and the United States. Central Bank Policies: Analyze interest rate decisions and monetary policy statements. Geopolitical Factors: Stay updated on global events that could affect the Euro or the Dollar. Technical Analysis Chart Patterns: Identify recurring patterns like head and shoulders, triangles, and double tops/bottoms. Indicators: Use tools such as moving averages, Relative Strength Index (RSI), and Stochastic Oscillator to gauge momentum and overbought/oversold conditions. Support and Resistance Levels: Pinpoint price levels where the market has historically turned around. Quantitative Analysis Statistical Models: Employ statistical methods like regression analysis and time series modeling to identify relationships between variables and predict future prices. Machine Learning: Utilize algorithms to learn from historical data and make predictions. Expert Opinions Economists and Analysts: Follow the insights of experts in the field to gain valuable perspectives. News and Market Commentary: Stay informed about current market trends and opinions. Important Considerations: No Guarantees: Even the most sophisticated forecasting methods cannot guarantee accurate predictions. Risk Management: Implement risk management strategies to protect your capital. Diversification: Consider diversifying your investments to reduce risk. For real-time data and analysis, I recommend using financial platforms such as: TradingView: Offers charts, indicators, and news. Bloomberg Terminal: Provides comprehensive financial data and analysis. Reuters: Offers news, market data, and analysis. Would you like to explore any of these methods in more detail, or do you have a specific question about EUR/USD forecasting?
by ITManager_US
GBPUSD - Set and ForgetElliott Wave Count: Wave 1-3: The impulsive movement upwards is clear, with Wave 3 being the most extended. Wave 4: A corrective phase, consolidating near the support level around 1.31000. Wave 5 (Projected): The anticipated upward move, targeting the 1.34024 resistance level, which marks a key zone for the completion of the Elliott Wave cycle. Key Levels: Support Level (S1 H4): 1.31000, marking the bottom of Wave 4. Resistance Levels (R2 H4): 1.32660 and 1.34024, representing potential targets for the projected Wave 5. Confirmation (Buy Stop): Set above the trendline break at 1.31300 to confirm the upward move. Entry Strategy: Buy Stop Order: Place a buy stop at 1.31300, slightly above the current price to confirm the breakout of the corrective phase and the start of Wave 5. Target: Take Profit: Set your take profit at 1.34024, which is the upper resistance level and the projected completion of Wave 5. Stop Loss: Stop Loss: Place your stop loss just below the support at 1.31000 to protect against any false breakouts or downward continuation.
Long
by TradingDame
1
BTCUSD (BITCOIN) Objective: The goal is to take advantage of the Wave 2 correction and prepare for the upward move in Wave 3. Entry Strategy: Buy Limit Order: Place a buy limit order at 56,078.55, which is a key support level and likely the end of Wave 2. Secondary Buy Limit Order: Consider placing a secondary buy limit order at 53,485.95 in case of a deeper correction. Profit Targets: Take Profit 1: 59,816.63, which is the first resistance level and a good point to secure partial profits. Take Profit 2: 69,000.00, a major resistance level where Wave 3 may complete its upward movement. Extended Target: 80,000.00, which could be the next move if Bitcoin breaks above 69,000.00. Stop Loss: Stop Loss: Place a stop loss below 49,351.27, the invalidation level. If the price falls below this level, the wave count is no longer valid.
BINANCE:BTCUSDLong
by TradingDame
DXY Will Go Up From Support! Long! Please, check our technical outlook for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 101.675. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 102.148 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!
TVC:DXYLong
by SignalProvider
1
GOLD Will Go Lower! Short! Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,488.303. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,432.168 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!
OANDA:XAUUSDShort
by SignalProvider
1
GBPNZD Will Go Down! Sell! Take a look at our analysis for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2.120. The above observations make me that the market will inevitably achieve 2.110 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!
Short
by SignalProvider
2
GBPCHF Will Move Higher! Buy! Please, check our technical outlook for GBPCHF. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.114. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.121 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!
Long
by SignalProvider
1
SILVER Is Very Bearish! Sell! Take a look at our analysis for SILVER. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 28.317. 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 28.052 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!
OANDA:XAGUSDShort
by SignalProvider
1