we can see the Gold price approaching a key Demand zone, with the Stoch-RSI indicator to confluence our bullish bias by indicating an oversold signal. If the price breaks the support, we expect a bullish bias after it reaches the other key Demand zone.
As USDCHF approaches the 0.9240, we can see that it is respecting the demand zone at the 0.923 support area. The entry is confirmed with an oversold signal shown by the stochastic-RSI indicator. We expect a bullish move till 0.9330, and on the contrary, our long bias is invalidated if price goes below 0.92 level.
AUDNZD has made a retracement of the bearish trend, respecting the broken support turned resistance level of 1.03675 and the 100SMA. We can see a divergence in the stochastic indicator, that confirms our bearish bias. We expect a bearish move till it reaches the fib extension of 1.618, i.e., 1.0228 level. We also expect RBNZ to likely hike the interest rate cycle,...
NAS100 has seemed to reached an equilibrium range of 15560-15700, and can be correctly said to have been hovering around the range for quiet a while. At the upper-bound of the range, i.e. the key 15700 level, we expect a further move to the downside till the level of 15560 as a next wave within the equilibrium range.
However, a break above 15700 would flip the...
After a bullish week for all commodity pairs like AUD/USD and GOLD/USD, we arrived at a resistance of 1830, which is being retested at the moment. On the daily chart, we can see a hidden divergence in RSI at this level.
For now, we need to wait for a candlestick to close above 1830 level, which will be enough of a confirmation for us to enter a long trade. We're...
EURUSD has entered the supply zone, and we can also see signs of reversal if we look at the candlestick patterns around the area. The bullish momentum gained by the pair over the past week is coming to a halt, with the RSI approaching oversold level, indicating the pair's downward turn from this point onwards. We can see two major support levels below, and expect...
USDCHF indicates an overbought RSI, after the price reached a key resistance of 0.9235.
We expect a bearish reversal on the pair till it reaches around 0.9180.
The ranging pair approaches a key level of 1.6740, with the RSI indicating an oversold level. We expect a bullish reversal move from the key level as shown on the setup.
With the RSI at an oversold level, while the price reaches a key demand zone, we expect a bullish move in GBPUSD. A setup with good confidence can be made on this pair.
