USD/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the USD/CAD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.372 level.
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LONG
USDJPY Is Approaching a decent support areaHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 145.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 145.500 support and resistance area.
Trade safe, Joe.
NAS100USD Will Go Up From Support! Buy!
Here is our detailed technical review for NAS100USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 19,655.7.
Considering the today's price action, probabilities will be high to see a movement to 20,478.9.
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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GOLD Will Go Higher! Long!
Take a look at our analysis for GOLD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,475.867.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,538.053 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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USDCAD Will Go Up! Buy!
Please, check our technical outlook for USDCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.360.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.368 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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EURCHF Will Move Higher! Long!
Here is our detailed technical review for EURCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.946.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.952 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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Gold => Consolidation Phase Towards The Main Up TrendHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2477 zone, XAUUSD is trading in an uptrend and currently is in a consolidation phase in which it is approaching the trend at 2477 support and resistance area.
Trade safe, Joe.
USDCAD Will Explode! BUY!
My dear followers,
I analysed this chart on USDCAD and concluded the following:
The market is trading on 1.3613 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3685
Safe Stop Loss - 1.3569
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURCHF The Target Is UP! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9476 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9626
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
USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 79.20 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GOLD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
GOLD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 30m timeframe the pair is going down. 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 2,518.970 area.
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