GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,869.381.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,897.141 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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Buy
EUR/AUD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. 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 1.665 area.
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EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are targeting the 163.408 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/CAD is making a bearish pullback on the 10H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.496 level.
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WED: CLASSIC BUY DAY - $2850s RANGEAs illustrated, im trying to visualize a bullish classic buy day, where price manipulates under consolidation area that is formed during SYDNEY .
The manipulation should occur between 02:00 AM and 03:00 AM NY , during ASIA'S algorithmic price delivery macros.
Should there be a "V" SHAPE formed between that time window , that would indicate that a manipulation took place, and price closed BACK INSIDE SYDNEY'S RANGE (Early hours of Asia's Low).
In other words, ASIA creates a range during its OPEN, and manipulates it mid-session.
That would hand off price to LONDON at a point in which:
A) It makes a re-test of Asia's manipulation low.
B) It FAILS TO HOLD and breaks even lower (manipulating further down).
C) It starts the distribution phase of such manipulation, breaking ASIA'S HIGH.
Regardless London's behavior, ASIA'S LOW MUST HOLD AND BE EVIDENT, marking the low of the day. That being said, IF LONDON DOES NOT START CLOSING BULLISH DURING IT'S FIRST TRADING HOURS, that could mean NY is likely to SELL OFF...
HOWEVER, if London HOLDS ASIA'S RANGE and respects the "V" SHAPE (which IS ALWAYS EVIDENT), then it is likely for NY to open strong to the upside to distribute and potentially driving the market near the $2850s new ATH range.
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GOOD LUCK!
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought the dip on GOOGL:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-2-7,
for a premium of approximately $7.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Now analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the previous earnings:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 113usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $7.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SPX500 Will Move Higher! Buy!
Here is our detailed technical review for SPX500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 5,976.37.
Considering the today's price action, probabilities will be high to see a movement to 6,081.10.
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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SILVER Is Bullish! Long!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 31.579.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 33.065 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!
GBPJPY Will Go Higher! 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 190.722.
Considering the today's price action, probabilities will be high to see a movement to 191.990.
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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AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 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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DXY Will Move Higher! Buy!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 108.497.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.050 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!
AUD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the AUD/JPY with the target of 98.524 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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NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the NZD/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 88.996 level.
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CHF/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
The BB lower band is nearby so CHF/JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 169.720.
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USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90700 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90700 support and resistance area.
Trade safe, Joe.