DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 103.533.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.703 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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Buy
GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,708.707.
The above observations make me that the market will inevitably achieve 2,867.874 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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GBPUSD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.298.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.302 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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EUR/AUD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the EUR/AUD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.629.
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RNT crypto backed by Andrew TateRNT, a relatively new player in the cryptocurrency market, has been gaining attention recently, especially with its association with Andrew Tate, a controversial yet widely recognized figure. Despite Tate’s polarizing public persona, his influence has brought a surge of interest to the coin.
One of the key reasons why RNT seems poised for a breakout is its small market cap, currently sitting at just $7.5 million. This leaves plenty of room for growth, especially as the trading volume has been steadily increasing. Increased volume often signals rising interest, and with rumors of potential new listings on the horizon, RNT may be positioned to attract more investors.
For those willing to embrace the volatility and the risks associated with backing a coin tied to a controversial figure, RNT could present an intriguing opportunity. As it stands, it appears ready to capitalize on market momentum, with investors anticipating a significant move upward. Keep an eye on new developments, as this coin could be on the verge of capturing more mainstream attention.
"SOLUSDT Breaks Trendline, Targets $158"Based on the SOLUSDT chart, the price has broken above the descending trendline, signaling a potential bullish move. The price is currently testing the support zone around $152, with possible targets at $155.95 and $158.54.
Buy Strategy:
Entry: Consider buying around $152 - $153.
Take Profit: First target at $155.95, second target at $158.54.
Stop Loss: Below $149.66 to limit downside risk.
News factors such as improving market sentiment towards cryptocurrencies could further support this upward trend. Keep an eye on key economic data and market developments for confirmation.
BTCUSDT: Trading today!BTCUSDT continues its upward momentum in early Friday trading, currently hovering around the $68,100 mark. The long-term trend remains in favor of buyers as the price channel holds strong.
That being said, we could still consider selling ahead of further gains if the price tests the channel's upper limit again.
What’s your take on this? Share your thoughts in the comments below!
Happy trading, everyone!
XRPUSDT : SELL ? The chart for XRP/USDT shows that the price recently tested a strong resistance zone around $0.55 to $0.64 but failed to break above it, resulting in a pullback. Currently, the price is trading near $0.5375, hovering just above a key support level.
A breakdown from this level could see the price declining towards the $0.43 zone, as indicated by the downward projection. This would represent a bearish move following the failure to sustain gains above the trendline and resistance zone. Conversely, if the price manages to bounce back from the support region, it could attempt another rally to retest the resistance, but further upside momentum would depend on breaking through this critical level.
Traders should keep an eye on these key zones: $0.4338 as support and $0.5574-$0.5580 as resistance, to gauge potential moves in the near future.
BTCUSDT trading strategy today!BTCUSDT appears to be in a consolidation phase after a recent breakout from a descending trendline that previously acted as resistance. This breakout, happening near the $66,051 level, was followed by a strong upward move, suggesting bullish momentum has strengthened.
Key levels to watch:
Support Zone ($66,000 - $66,500): After breaking out, the price has revisited this zone, and it now acts as a key support. Bulls are expected to defend this level to maintain the uptrend.
Resistance ($67,000 - $68,000): The price has met some resistance around the $67,000 area. However, with the bullish structure intact, there’s potential for another leg higher, with the next target around $68,000 or higher.
The price action shows two previous descending moves marked by ellipses, both of which were rejected around the $66,000 level before breaking out. This area continues to be a battleground, and the bulls are currently holding above it. As long as BTC stays above $66,000, further upside is likely.
Projection: There’s a potential for BTC to retest the support zone before continuing the upward move. A bounce from this zone could see BTC heading towards $68,000 in the short term, as indicated by the curved blue arrow.
Summary: BTC has successfully broken out of the downward trendline, and the current retest of support around $66,000 could be a healthy consolidation before the next upward push. If the bulls can maintain control, we could see BTC continue to climb towards $68,000 and beyond.
USDCHF Is Bullish! Long!
Take a look at our analysis for USDCHF.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.862.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.865 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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USOIL BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 76.44 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/CAD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR/CAD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H 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 1.506 area.
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AUD/USD LONG FROM SUPPORT
Hello, Friends!
We are now examining the AUD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.689 level.
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CHFJPY Is Very Bullish! Buy!
Please, check our technical outlook for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 172.971.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 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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GBP/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
GBP-USD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.308 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GBP/USD pair.
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CAD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.329 level.
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Ethereum Eyes Breakout Above Key Resistance
In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow.
Key Points:
Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently.
Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again.
Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point.
Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
USDJPY Will Go Higher From Support! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 149.346.
Taking into consideration the structure & trend analysis, I believe that the market will reach 150.396 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!
GBPJPY Will Go Up From Support! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 195.461.
Considering the today's price action, probabilities will be high to see a movement to 197.269.
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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HTZ Hertz Global: The Top Penny Stock Choice Among Hedge FundsOver the past year, insiders at Hertz Global Holdings Inc. (NASDAQ: HTZ) have been purchasing shares, with CEO Wayne West leading the way. His largest acquisition was a $1.1 million purchase at $4.46 per share.
The stock is now trading at only $3.03!
For a speculative trade, I would consider the $3 strike price calls expiring this Friday, priced at a $0.20 premium.
ZM Zoom Video Communications Potential BreakoutIf you haven`t bought ZM at the end of the giant falling wedge:
Now Zoom Video Communications (ZM) is currently showing a bullish pennant pattern, which is often a precursor to an upward breakout.
With the stock approaching the $72 level, a breakout could lead to a swift move higher, given the strong technical setup.
For speculative traders, buying the $72 strike price calls expiring this Friday at a $0.12 premium offers an appealing risk-reward ratio.
If ZM breaks above the resistance, these calls could rapidly gain value.
GBPAUD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.933.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.937 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!
EUR/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the EUR/USD with the target of 1.102 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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