Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 61,313.45. Considering the today's price action, probabilities will be high to see a movement to 62,824.63. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price...
A few minutes ago, the price rose to the resistance level, coinciding with the resistance zone, and when the price hit the resistance level, the price made a corrective movement. Then BTC picked up and fell repeatedly, and then continued to rise. In a short period of time, the price broke through the resistance level and reached the trend line, which was soon...
For night operations, it is recommended to think in low and long positions. The support is still focused on 2640. Above it, it can be expected to rise to 2685 or even 2700. If the bears break down strongly, it means that the downward space will expand. At that time, the test of the support around 2630 can be expected, and long positions can still be arranged. For...
On the daily time frame, The USOIL reached a strong support level (63.61 - 66.67). The price formed a double bottom pattern. Currently, The neckline is broken ! So, I expect a bullish move TARGET: 75.80
If we look at the chart, we can see how the price fell to the trendline a few days ago and then immediately rebounded. Then the price reached the support level, which coincided with the support area, and even had a false breakout, and then fell below it. Next, the price broke through this level, retested it, and then continued to rise to the resistance level,...
The GBPUSD failed to break the resistance level (1.32988 - 1.31804). The price broke the support line ! So, I expect a bearish move TARGET: 1.30490🎯