USOIL Is Going Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 68.519.
Considering the today's price action, probabilities will be high to see a movement to 72.583.
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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LONG
NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 91.562 area.
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HelenP. I Bitcoin can little correct and then continue to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a fake breakout of it. Next, the price started to grow and later it grew almost to a resistance level, where it some time traded. Then the price rose to the resistance zone, where it touched the trend line one more time and then started to decline. In a short time, BTC fell to the support level, which coincided with the support zone, and a not long time ago it rebounded and started to move up. So, in my mind, I expect that BTCUSDT will make little correction movement and continue to grow to the trend line. For this case, I set two goals, first at the - 57400 points, and second at the 60600 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
USDJPY Is Approaching an Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 141.500 zone, USDJPY is trading within a channel and currently is approaching the channel support, once we get a bullish confirmation a target would be somewhere around 146 as it's the strongest resistance USDJPY will be approaching.
Trade safe, Joe.
Oracle (ORCL): Bullish Outlook Ahead of EarningsToday, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate.
The count is pretty straightforward, and we think we’re now in the intra wave (ii) of the larger wave 3. This wave (ii) might touch the trend channel again, though it doesn’t necessarily have to. The channel seems accurate as waves ((i)), ((ii)), and ((iii)) are all tagging it. It would have been ideal if wave ((iv)) had touched it as well, but perfection is rare in markets.
We’re focusing on the area between $133.43 and $129 to hold. We’re not setting any limit orders for ourselves just yet, as we want to see if our new count proves correct before making any moves.
Shopify (SHOP): Is It Just the Beginning?Shopify has been one of our best entries this year, and we remain very bullish on it. From a technical analysis perspective, it's hard to make a bearish case for this stock. We've even seen a change of structure after catching the bottom on SHOP.
We've already taken some profits off the table and moved our stop loss to break even for the initial trade. We're now expecting this surge to continue, and as a result, we're planning to place another limit order on Shopify, aiming to buy more if the price moves into the $59.38-$54.59 area. We prefer to enter manually to avoid getting triggered by any sudden news events.
If our analysis is correct and this is indeed Wave 2, we could see a really nice rally in the near future on Shopify, potentially breaking the $90 mark and moving even higher.
Let's see what Shopify has in store for us next.
SILVER On The Rise! BUY!
My dear friends,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 28.098pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 28.246
Recommended Stop Loss - 27.576
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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EURUSD: Forecast & Trading Plan
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move up.
❤️ Please, support our work with like & comment! ❤️
GOLD Will Go Up! Buy!
Take a look at our analysis for GOLD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,502.602.
The above observations make me that the market will inevitably achieve 2,517.088 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!
EURUSD Will Move Higher! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.104.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.106 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 Is Very Bullish! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 142.209.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.787 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!
Long Trade For Monday: EUR GBP Long. Please read below.
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline.
High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound.
I will buy the breakout of the trendline in the chart attached.
Cheers,
easy_explosive_trader.
BTC - BIG LONG?I've reviewed hundreds of coins in the past few days, and I can confidently say — they're in a tough spot right now
The charts have dropped so much that many no longer believe in the success of these coins. As an analyst, I see global descending wedges starting to form — a phenomenon I observed before the previous bull market.
As for BTC, I’m seeing prolonged consolidation with the removal of all levels. Experience tells me that autumn is the "golden time" for crypto, so the BTC fractal might play out, as I’ve shown in detail on the chart.
USOIL What Next? BUY!
My dear friends,
My technical analysis for USOIL is below:
The market is trading on 68.08 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 70.57
Recommended Stop Loss - 66.61
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SPY My Opinion! BUY!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 540.43
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 552.17
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURUSD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1083
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1099
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USOIL BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 78.60 area.
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