SPX500 Will Go Lower! Short!
Take a look at our analysis for SPX500.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,716.20.
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 5,672.36 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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SELL
BITCOIN Will Go Down! Sell!
Please, check our technical outlook for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 63,293.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 60,708 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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EURUSD Will Move Lower! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.116.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.113 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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AUDCAD Is Bearish! Sell!
Take a look at our analysis for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.924.
The above observations make me that the market will inevitably achieve 0.921 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 BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on GOLD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 2,550.918.
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NZD/CHF SHORT FROM RESISTANCE
Hello, Friends!
NZD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.524.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.125 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. 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 0.942 area.
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XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2580 to 2585 price level.
EMA 5 Crossing levels:-
2590 To 2593
Retracement Zone:-
2580 To 2585
Bullish Gold Levels:-
2615
2638
Bearish Gold Levels:-
2580
2564
2556
2545
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
Stable Weekend Session: Gold Set for Breakout Next Week?The current chart shows gold trading near key resistance with a steady uptrend. The market closed the weekend session without much sudden movement, reflecting stability following the Fed’s 50bp rate cut. This stability could extend into early next week, as the market continues to assess the long-term impact of monetary policy measures and macroeconomic developments.
With the current price near $2,589, gold could test the resistance at $2,599 and, if successful, could continue to rise. Pay attention to the early trading session next week, if gold maintains its strong growth momentum and there are no negative signals from the market, the next target could be $2,650.
Gold prices trade near historic highsGold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD.
On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market sentiment, as investors shed the USD. In addition, technical indicators have extended their advances into positive levels, albeit with limited upside strength as the XAU/USD pair develops below its recent highs.
Given the current situation, do you expect a long-term bullish wave?
EURUSD: Buy to Win?EUR/USD surged to a fresh September high after the Federal Reserve surprised markets with a 50 basis point rate cut on Wednesday, sending risk appetite into high gear and sending traders scrambling to hit the buy button.
Further upside in EUR/USD is likely to face initial resistance around the September high of 1.1189 (September 18), before moving on to the 2024 high of 1.1201 (August 26) and the 2023 high of 1.1275 (July 18).
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area.
Trade safe, Joe.
US30 Is Very Bearish! Short!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 41,801.97.
Taking into consideration the structure & trend analysis, I believe that the market will reach 40,853.86 level soon.
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!
USOIL Is Going Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 71.72.
Considering the today's price action, probabilities will be high to see a movement to 68.16.
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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USDJPY Will Fall! Short!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 142.372.
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 139.871 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!
Gold prices steady after FOMC cutHello everyone! Are you curious about the current gold price?
Gold prices fluctuated in a range on Thursday, consolidating their slide after the FOMC rejected the $2,600 level or a new record high the previous day. Persistent geopolitical risks, along with signs of economic uncertainty in the United States and China, supported the safe-haven metal.
USDJPY: New High Set?Hello wonderful friends!
USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart.
On the technical chart, although the uptrend remains supported and the parallel price channel has been broken, the special thing is that there are signs of a potential top forming at 143.95. My strategy for today is Sell and we should see USDJPY reaching at least 142.00 again, which would be in line with the timing of the EMA test. What do you think about this?
EURUSD H4 Analysis - Bullish - Price Target 1.13Pair Name = EURUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details:-
EURUSD Price already moving above the main trend line. And Got a strong retesting from this Fib retracement level of 0.5 to 0.6. Now getting good volume. Price is gradually breaking the resistance levels. Our target Price will be around 1.12 to 1.13
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 65.61 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Bearish trend on AUD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.660.
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XAUUSD H4 Analysis - Bullish - Next target 2650Pair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2565 Gold Price level and 2580 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Crossed over done between 2564 to 2568. That indicates the Bullish move.
This kind of market allow us to buy the dip and cash another next trend move.
Strongest retesting zone hit. The price level 2545 to 2556 price level.
EMA 5 Crossing levels:-
2564 To 2568
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
2638
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
Fed Pressure Pushing Prices Up?On the 4-hour chart of gold, we see that the price of gold has pulled back slightly from recent highs, but is still maintaining a positive uptrend above two exponential moving averages (EMAs), the 34 and 89. The 34 EMA, shown in blue, is above the 89 EMA in purple, indicating that the short-term uptrend is still intact.
However, it is worth noting that the current slight decline has brought the price closer to the 34 EMA, which could be a key test to determine whether the uptrend is continuing. If the price of gold closes below the 34 EMA, it could be a sign of a deeper downside correction, while holding above this line could confirm that the uptrend is still in effect.
Additionally, investors should keep a close eye on trading volume along with key support and resistance levels. Currently, the immediate resistance is at the recent high of around $2,580, and a breakout above this level could send the price higher. The key support level to watch is around $2,540, the low of recent days.