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Relative Strength Index (RSI)

Gold continued rising and reached a new resistance level at 2288Gold continued its ascent on Tuesday, pushing XAU/USD to a new high of 2276.90 in the US trading session. However, the US Dollar experienced a slight decline early in the session and lost further ground after Wall Street opened, despite generally optimistic US economic data and relatively uninspiring US economic indicators. As the trading session shifted to Asia, the price of gold continued to climb to a new high of 2288. On the 4-hour chart, the upward trend of XAU/USD remains intact. The Simple Moving Average (SMA) 20 continues its strong upward trajectory and remains significantly above the SMA 50 and SMA 100. The Relative Strength Index (RSI) is currently in overbought territory, indicating the market's bullish momentum. However, some investors are hopeful that prices will correct towards the support level around 2230 and potentially break through to seek support at 2190 and 2170.
OANDA:XAUUSD
by Ariana_alila
📈Zilliqa (ZIL) Analysis: Short Opportunity in 4-Hour Timeframe⚡🗓Today, we're examining Zilliqa (ZIL), which presents a favorable trading setup in the 4-hour timeframe. 🔍Upon retracing the recent uptrend in the daily timeframe, a Fibonacci corrective analysis shows a rebound from the 0.382 level. However, it failed to breach higher levels, indicating waning buying pressure. Hence, a break below 0.03232 could signal diminishing buyer strength, potentially leading to further decline, making it a compelling trigger for short positions. 💥RSI oscillator found support at 27.06, coinciding with the support at 0.03232. A breach of this support level, if synchronized, would corroborate bearish sentiment, providing additional confirmation for potential downside movement. 📊Candle volume is currently range-bound after hitting support, offering limited insight. Observing which side (bulls or bears) commands greater volume will be crucial. However, volume alone isn't conclusive; other indicators should be considered. ⭐️The SMA7 indicator has approached the candles, potentially exerting downward pressure. Should the market enter a correction or consolidation phase, awaiting confirmation from SMA25 would be prudent. 📉For short positions, targeting the 0.618 Fibonacci level, coinciding with support at 0.02902, could be a viable strategy, considering it aligns with significant Fibonacci and support levels. 📝In summary, ZIL presents a potential short opportunity, contingent upon key support levels and confirmation from various technical indicators. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Short
by itsparham96
Keep An Eye - Consolidation Breakout Soon - VBL📊 Script: VBL 📊 Sector: FMCG 📊 Industry: Food - Processing - Indian Key highlights: 💡⚡ 📈 Script is trading near its resistance level which is 1477. 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD and Double Moving Average are giving crossover . 📈 Right now RSI is around 62. 📈 One can go for Swing Trade only above 1477. BUY ONLY ABOVE 1477 ⏱️ C.M.P 📑💰- 1475 🟢 Target 🎯🏆 - 1561 ⚠️ Stoploss ☠️🚫 - 1433 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:VBLLong
by radha_23
Multiple Indicators - FINPIPE📊 Script: FINPIPE 📊 Sector: Plastic products 📊 Industry: Plastic products Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are on urge of crossover. 📈 Right now RSI is around 60. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 235 🟢 Target 🎯🏆 - 260 ⚠️ Stoploss ☠️🚫 - 222 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:FINPIPELong
by radha_23
Bitcoin's Decline Amidst Pressure from the Strength of the USDThe price of Bitcoin remains stable but is facing challenges due to pressure from a strong US Dollar amidst investor uncertainty about whether the US will change interest rates, especially ahead of key labor market data to be released this week. Technical analysis on the 4-hour chart shows that the price of Bitcoin is currently below the moving averages SMA 20, 50, and 100, indicating that the market is in a downtrend and may continue to decline in the near future. The Relative Strength Index (RSI) is currently at 40, also indicating a sign of price decline. If the price continues to maintain this level, there is a possibility that Bitcoin will undergo a significant price decline in the coming time.
OANDA:BTCUSD
by Ariana_alila
3
Analysis of GBPUSD Market TrendsThe GBP/USD pair has shown signs of recovery and maintained stability near the 1.2580 level at the start of the European trading session on Wednesday. Based on technical analysis, on the 4-hour chart, the Relative Strength Index (RSI) continues to remain below 50, indicating ongoing selling pressure. Furthermore, the pair is currently trading below the simple moving averages (SMA) of 20, 50, and 100, suggesting that GBP/USD is continuing to sustain a downward trend.
by Ariana_alila
EUR/USD Strategy for This WeekOn the 4-hour chart, the EUR/USD pair is maintaining sideways movement around zone 1.0770 - 1.0760. Analysis Simple Moving Averages SMA 20 and SMA 50 indicates a downward trend phase. If the price breaks below the support level of 1.0724, this could lead to a stronger downtrend and may be tested further support levels . However, the possibility of a price increase cannot be ruled out entirely. The Relative Strength Index (RSI) has crossed above the 45 level, suggesting short-term upward potential for the EUR/USD pair in the near future. This could result in a short-term recovery before the official downtrend begins, but additional signals should be monitored to confirm the market direction.
by Ariana_alila
Crossover - REDINGTON📊 Script: REDINGTON 📊 Sector: Trading 📊 Industry: Trading Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 222 🟢 Target 🎯🏆 - 235 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:REDINGTONLong
by radha_23
1
Forecast the trend of gold for todayBased on technical indicators, the gold market is currently continuing its upward trend. However, the possibility of a decline in the near future cannot be ruled out. For today, it is conceivable that gold may retreat to the support level of 2229, followed by a potential rebound. However, if the price of gold breaks below the support level of 2229, there is a possibility for a significant downturn. This necessitates investors to carefully consider and monitor market developments in order to make informed investment decisions.
OANDA:XAUUSD
by Ariana_alila
1
Analyzing USD/JPY: Short-Term Price Appreciation OutlookBased on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March. Additionally, other technical indicators on the chart remain positive and have not reached overbought territory. This suggests the potential for short-term price appreciation in the USD/JPY currency pair. However, caution is advised, and further confirmation is awaited for a breakthrough above significant resistance around the 152.00 level established last week before considering any further bullish actions.
by Ariana_alila
Moving Averages Crossover - BEL📊 Script: BEL 📊 Sector: Aerospace & Defence 📊 Industry: Electronics - Components Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 Already crossover in MACD . 📈 Double Moving Averages giving crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 194 🟢 Target 🎯🏆 - 219 ⚠️ Stoploss ☠️🚫 - 183 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BELLong
by radha_23
7
📈Ethereum Analysis: Potential Scenarios in 4-Hour Timeframe✨🔍Today, let's delve into the analysis of Ethereum (ETH) to identify its growth or decline potential.In the 4-hour timeframe, ETH experienced a correction downward to around $3200 after reaching $4063. Currently, it's ranging between $3645 and $3480, with the previous candle breaking below the range. Now, we need to assess whether this could lead to stabilization or a potential fakeout. ⚡️From a Fibonacci perspective, retracement from the 50% level suggests the possibility of further downward movement, potentially extending the correction. If we continue to decline and breach $3299, we might target $2899, a strong support level that could anchor ETH against excessive correction. 📊The volume of red candles significantly outweighs that of green candles, indicating stronger selling pressure. Should this trend persist, further decline can be expected. 💥Regarding RSI, it previously held support around 44.89, coinciding with $3480, but has now dipped to 37.18. A breach of this level may not provide much distance to oversold territory, potentially leading to sharp movements. 💎Overall, these analyses apply to the 4-hour timeframe, with all movements constituting minor corrections in the weekly perspective. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Short
by itsparham96
GBP/USD analysis: Buy or Sell?Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase. If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future. Conversely, if the price shows signs of reversal and begins to recover, it is likely to encounter resistance around the level of 1.2640.
by Ariana_alila
MACD Crossover - HINDCOPPER📊 Script: HINDCOPPER 📊 Sector: Non Ferrous Metals 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near at middle band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages will give crossover. 📈 Right now RSI is around 59. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 281 🟢 Target 🎯🏆 - 306 ⚠️ Stoploss ☠️🚫 - 269 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDCOPPERLong
by radha_23
Euro/USD continues to sustain a downward trendCurrently, the price of the EUR/USD currency pair is hovering around the level of 1.0780. Based on technical analysis, the overall trend in the market is showing a downward movement for this currency pair. One of the commonly used indicators, the Relative Strength Index (RSI), is below the 50 level, indicating a weakening buying momentum in the market. Additionally, the price of this currency pair is below the 20, 50, and 100 Simple Moving Averages (SMA), confirming that the downward trend is still intact.
by Ariana_alila
1
Unveiling the Power of RSI's Hidden Bullish Divergence.Greetings, friends and speculators. Let's take a moment to examine the Crypto King's relationship with the 2-month RSI indicator. The RSI has proven itself as a powerful tool, accurately identifying the exact bottom on three separate occasions. During the bear market lows of 2015, 2018, and 2022, a hidden bullish divergence emerged, signaling the conclusion of the downtrend and the initiation of a new "Mark Up" Phase. Interestingly, there has been an approximately 20% increase in the duration between these hidden bullish divergences. If we extrapolate this trend to the current period, we might anticipate a market bottom around July 2027. However, approach this prediction with caution, past performance does not guarantee future returns. To confirm a valid Hidden Bullish Divergence, the bulls need to maintain the price above the 2022 lows while ensuring that the RSI makes a lower low. Apart from indicating market bottoms, the RSI indicator also aids in pinpointing optimal exit points. Notably, RSI levels surpassing 90 historically denoted the conclusion of the bull run. With the current RSI hovering around the 70 mark, it suggests that the bulls still possess plenty of ammunition as they advance further. I should note that RSI has made a lower high during the last 2 market tops, one could assume that a lower high in this bull frenzy would fail to penetrate the 90+ level. If you recall my BTC post from September 2021, I advised bulls to start dollar-cost averaging into positions. At that time, BTC was experiencing an "Accumulation" phase, and it's clear that we've transitioned into a "MarkUp" phase now. As we approach the final Bitcoin halving, there is no doubt that an interesting time is upon us. To all those who weathered the brutal bear market, I salute you. Much Love & Good Luck! SPECUALTIVE SETUP, DYOR + DD. What is Hidden Bullish Divergence? A hidden bullish divergence is a setup where the oscillator forms lower lows at the same time that the price is forming higher lows. This setup is frequently seen in situations where the price has been in consolidation or has performed a pullback from an uptrend. What is RSI? The Relative Strength Index, or RSI for short, is one of the most popular technical indicators among the trading community. It belongs to the family of oscillators, or technical tools used to determine overbought or oversold conditions. It’s used to gauge the market sentiment. Developed by J. Welles Wilder, the RSI measures the speed and change of price movements. A popular way of reading RSI values is to look for divergences that occur when a new high or a new low of the price isn’t confirmed by the RSI readings. displays on a vertical range of 0 to 100. Readings close to 0 are viewed as “oversold”, while those closer to 100 are a sign of “overbought” market conditions. Unlike some other momentum indicators, readings can’t go below 0 or higher than 100.
BNC:BLX
by bL1TZZ
2