DXY Is Bullish! Long!
Please, check our technical outlook for DXY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 104.214.
The above observations make me that the market will inevitably achieve 104.676 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!
Buy
GOLD Is Very Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,730.973.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,782.993 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD Is Going Up! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.296.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.306 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.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Will Grow! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 165.018.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 167.407 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.
Like and subscribe and comment my ideas if you enjoy them!
USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 71.76 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
XAUUSD: Breakout or Deep Correction?On the 4-hour chart, XAUUSD is on a strong upward journey but now faces a key resistance zone at 2,758.158. This is a major barrier; if breached, gold could continue its breakout.
However, if it fails to conquer this level, the price may correct down to the support zone at 2,717.700, where the EMA 34 stands firm like a “fortress” safeguarding the uptrend.
Optimal strategy for traders: look for a long position if the price rebounds from support, or short if resistance holds strong. Each price swing is a chance for explosive gains, and your decision is the key to unlocking profits!
Gold Rises Short-Term to Close Gap Ahead of US Economic DataBased on the chart and the current situation, I see gold prices are creating a gap and tending to rise to close that gap. This may reflect the cautious sentiment of investors ahead of the release of important US economic data this week, including GDP, unemployment rate, consumer confidence index and some other important indicators on the labor market.
US government bond yields are rising sharply, pushing to 4.275%, and the Dollar-Index is also at a high of 104,400 points. These factors usually put downward pressure on gold prices because a stronger USD makes gold more expensive for investors holding other currencies. However, with the gap opening up, I expect a short-term rally to close the gap, before gold continues to test higher resistance levels.
The key support level is still around $2,730, and if the price holds at this level, there is a good chance of a short-term rally to fill the gap, giving investors a chance to find a reasonable entry point in the short term. However, I remain cautious with the possibility of a drop to lower levels if US economic data supports the strength of the USD.
TXN Texas Instruments Incorporated Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TXN Texas Instruments Incorporated prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $6.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GM General Motors Company Options Ahead of EarningsIf you haven`t bought the dip on GM:
Now analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $1.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMZN Amazon Options Ahead of EarningsIf you haven`t bought AMAZN before the previous earnings:
Now analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 190usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $11.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HOOD Robinhood Markets Options Ahead of EarningsIf you haven`t bough HOOD before the major breakout:
Now analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $2.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MSFT Microsoft Corporation Options Ahead of EarningsAnd when you think about it, everything began with this:
Now analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week,
I would consider purchasing the 430usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $9.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
META Platforms Options Ahead of EarningsIf you haven`t bought the dip on META:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 570usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $21.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MCD McDonald's Corporation Options Ahead of EarningsIf you haven`t bought MCD before the previous earnings:
Now analyzing the options chain and the chart patterns of MCD McDonald's Corporation prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $5.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
US30USD Will Go Higher From Support! Long!
Here is our detailed technical review for US30USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 42,119.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 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!
USOIL Will Go Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 71.62.
Taking into consideration the structure & trend analysis, I believe that the market will reach 73.20 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!
NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.965.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 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 Near Key Breakout Level at 2,758Gold is in an exciting phase, maintaining its upward trend above crucial EMA levels, signaling that the long-term momentum remains strong.
The resistance level at 2,758.717 is acting as a challenging ‘wall’—can gold break through to initiate a powerful rally? If successful, this could be a golden opportunity for investors to catch the next wave of growth.
However, if gold fails to breach this ‘wall’ and reverses, the support level at 2,716.756 and the trendline will serve as a solid ‘fortress,’ where prices may rebound.
Don’t miss out—sometimes, a little alertness is all it takes to capture the trend and turn volatility into profit!
News update: On October 25, gold saw some profit-taking as both the U.S. presidential election and Middle East tensions provided support for its price.
XAUUSD Faces Downside Risk as Head and Shoulders Pattern BeginsIn my view, a head and shoulders pattern may be forming on the chart with:
The left shoulder is at the top near $2,755, reflecting initial buying pressure.
The head peak is prominent at $2,740, indicating strong but waning buying pressure.
The right shoulder is forming with a peak close to the right shoulder at $2,755.
If the price breaks below the neckline around $2,721, the pattern will be complete. This could lead to a deeper decline, signaling an approaching downtrend. I will monitor further for confirmation.
SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,836.4.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,891.1 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.298.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon.
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!
AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 17H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.674 area.
✅LIKE AND COMMENT MY IDEAS✅