USOIL Technical analyze The price is currently below the pivot line at 71.78, indicating bearish sentiment. There is a possibility for a retest of the pivot area around 71.78 to 72.72. If the price fails to break and sustain above this area, it is likely to continue downward. If the retest confirms resistance at the pivot line, the price may move towards the...
The price has recently reached its all-time high (ATH) and is currently testing the resistance zone near 43,250. If the price breaks above this resistance zone, it could potentially continue towards higher levels, with the next resistance around 43,750. However, if the price fails to break this resistance, a pullback is likely, with support at 43,025 and...
Gold Maintains Bullish Momentum, Eyes on 2723 with Retest Potential The price has successfully reached our target after stabilizing above 2685 and is continuing its upward move towards 2723. A retest at 2697 or 2692 is possible. A 4-hour candle close above 2710 would confirm a move towards 2723. Conversely, a close below 2705 could trigger a pullback towards...
Technical Analysis: The price currently trades within a liquidity zone between 5,849 and 5,891, showing consolidation. A retest of this liquidity zone is likely, with a potential rejection if the price fails to break above 5,891. If the price breaks and holds above the 5,891 level, the next target would be the resistance line at around 5,939. On the...
Gold Technical Analysis The price broke the resistance line which is 2677. So it tries to touch 2685 and 2698 as long as it trades above 2677. Otherwise, it should close at least 1h candle under 2677 to be downward till 2661 Key Levels: Pivot Point: 2677 Resistance Levels: 2685, 2698, 2723 Support Levels: 2661, 2653, 2638 Trend: Bearish below 2677 Bullish...
EURUSD The price is currently below the resistance zone near 1.0915, which has acted as a pivot in recent movements. The pair remains in a downtrend, with previous highs indicating a double-top formation. If the price fails to break above 1.0915, the downtrend is likely to continue, with potential support around 1.0680. The demand zone around 1.0680 and the...
Gold Technical Analysis The price has recently broken above the resistance line at 2,677 and is attempting to stabilize above this level. If the price closes a 4-hour candle above 2,686, it could signal further bullish momentum, with potential targets at 2,698 and 2,723. However, if the price fails to maintain above 2,686, a pullback toward the support...
S&P500 INDEX The price is in a consolidation zone near the resistance level of 5,891.1. If it breaks above this zone, the next resistance target is around 5,950. If it fails to break through the resistance, a pullback is likely, targeting the support area around 5,863 and potentially dropping further towards 5,781 if bearish momentum continues. Best...
USNAS100 Technical Analysis The price has stabilized within the bullish zone, confirmed by a 4-hour candle closing above 20,330. This suggests the bullish trend will likely continue, with targets at 20,540, followed by a potential move toward 20,710. A bearish correction may occur if a full 4-hour candle closes below 20,330, signaling a potential decline. Key...
Earnings Outlooks Lift Wall Street Pre-Bell; Asia Mixed, Europe Flat Technical Analysis: The price is exhibiting a bullish trend, with a potential target of 5863, as it has already stabilized above 5807. However, a retest of 5807 may occur before resuming the bullish trend. For a bearish outlook to materialize, the price must close below 5781 on the 4-hour...
The UNSAS100 reached the previously identified resistance level of 20,540 before reversing downward. The current direction is bearish despite the earnings results, with a potential retest of 20,330 anticipated before resuming a downward trend. If the price remains below 20,330 and 20,180, it is likely to decline further towards 19,990. Conversely, stability above...
Dow and S&P 500 futures remained stable on Wednesday, while Nasdaq 100 futures experienced a slight uptick after a selloff in tech and oil stocks during the previous session. Investors are closely monitoring the quarterly earnings releases from Morgan Stanley and other major banks. Technical Outlook: The price has retreated from its all-time high of 43,200,...
Gold Technical Analysis Today the price needs to break 2661 to be a bullish trend toward 2680, but as long as trades under 2652 and 2661 will be bearish toward 2638 and under it will get 2624 Key Levels: Pivot Point: 2653 Resistance Levels: 2661, 2672, 2680 Support Levels: 2638, 2624, 2615 Trend: Bearish below 2661 Bullish above 2661
Bearish Momentum Persists as Bitcoin Stabilizes Below Pivot Line: Key Levels and Expected Range The price has already dropped to the level we previously discussed, and the trend remains bearish. This is confirmed by the daily candle closing below the Pivot line at $56,888, signaling further movement toward the $52,790 support level. For the trend to shift to...
USNAS 100 The price has stabilized within the bullish trend, having already closed a 4-hour candle above the pivot line. As long as it trades above 20330, the price is likely to reach 20480 and 20540, with a potential retest down to 20330. A bearish trend may be activated if a 4-hour candle closes below 20330, potentially targeting 20180. Key Levels: Pivot...
Futures Mixed Ahead of Earnings-Heavy Week; Key Economic Data in Focus U.S. stock index futures were mixed on Monday as investors braced for a week filled with third-quarter earnings reports and critical economic data, which may put stretched stock market valuations to the test. Technical Outlook: The price has rallied, driven by earnings gains, and remains...
Gold Technical Analysis Gold extended gains on Friday as the U.S. dollar eased from two-month highs, fueled by rising expectations of a November Fed rate cut. Investors now await the Fed's key inflation gauge for guidance. The price is above 2538 and in a bullish trend toward 2,650. If it reaches and breaks above this level, it is likely to rise further to reach...
EURUSD The price still has a bearish trend as long as trade under 1.1005 to get 1.0915. otherwise should stabilize above 1.1005 to be uptrend till 1.1080 Key levels: Pivot line: 1.1005 Support Lines: 1.0915, 1.0839, 1.0782 Resistance Lines: 1.1082, 1.1141, 1.1194 Trend Outlook: Bearish while under 1.1005 previous idea: