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DXY Is Going Down! Sell! Take a look at our analysis for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 108.155. The above observations make me that the market will inevitably achieve 107.189 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!
TVC:DXYShort
by SignalProvider
3
USOIL Will Fall! Short! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 74.10. Taking into consideration the structure & trend analysis, I believe that the market will reach 72.60 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!
TVC:USOILShort
by SignalProvider
1
EURJPY Will Go Lower From Resistance! Sell! Here is our detailed technical review for EURJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 164.158. Considering the today's price action, probabilities will be high to see a movement to 162.995. 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!
Short
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,644.615. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,625.451 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!
OANDA:XAUUSDShort
by SignalProvider
1
Technical Report: Bitcoin (BTC-USD) Looking DownwardTechnical Report: Bitcoin (BTC-USD) Looking Downward H ello! The current technical picture and the recent market activity points to the Bearish perspective of Bitcoin (BTC-USD). Having passed the powerful psychological support at $100,000, many signals suggest we’re on the verge of correction, with target support in the $92,000 area. Weak RSI Signals Overbought Conditions The Relative Strength Index (RSI) is one of the primary indicators hinting at a potential decline. Currently, the RSI hovers around the 60 mark, resistance, reflecting weak momentum and failing to indicate a robust buying trend. While an RSI above 70 typically signals overbought conditions, the lack of a strong rally and an RSI below 50 often signal bearish sentiment. This suggests Bitcoin’s earlier bullish momentum may be fading, increasing the likelihood of a near-term price correction. Rising Bitcoin Dominance Another key factor is the rising Bitcoin dominance within the cryptocurrency market. Bitcoin’s growing market capitalization relative to other cryptocurrencies may signify a shift in investor sentiment, positioning Bitcoin as a safe haven amid altcoin volatility. However, this trend could also indicate fear-driven behavior rather than confidence, with investors hedging against broader market instability. If Bitcoin dominance continues to rise without a corresponding price increase, it might signal an impending sell-off. Investors could be looking to liquidate their positions amid market uncertainty, potentially driving Bitcoin’s price downward. Regulatory and Macroeconomic Pressures Recent regulatory developments and macroeconomic factors also threaten Bitcoin’s upward trajectory. Heightened scrutiny from financial regulators worldwide has created uncertainty in the market. Proposals for stricter regulations on cryptocurrency exchanges and potential tax implications could dampen trading volumes and dissuade new investors. This regulatory pressure may contribute to bearish sentiment. Macroeconomic factors, including rising interest rates and inflation concerns, further complicate Bitcoin’s position. Traditional investments offering higher yields may become more attractive, reducing Bitcoin’s appeal as an alternative asset. In this environment, the $100,000 resistance level becomes a critical barrier. Failure to breach this level could trigger significant selling pressure. Price Projection: $92,000 Support With a weak RSI, potential for increasing Bitcoin strength, and the latest regulation headlines, a strong reversal below $100,000 seems foreseeable. If it doesn’t have support above $100,000, then it could sink right back into the $92,000. This has been a level that has been resistant in the past, but an attack would open the door for more losses. Currently technical analysis and overall market picture shows Bitcoin (BTC-USD) in bearish direction. The low RSI also signals lost upward momentum, rising dominance and regulatory issues mean that there could be instability. When Bitcoin reaches the important $100,000 resistance, traders should be patient and prepare for a drop towards $92,000 resistance. Conditions are not set in stone, so stay on top of what’s to come as Bitcoin’s price action shifts. Regards, Elysian Signals
BINANCE:BTCUSDShort
by Elysian_Mind
US100 Will Go Up! Long! Please, check our technical outlook for US100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 21,549.6. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 22,260.2 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!
CAPITALCOM:US100Long
by SignalProvider
1
USDCHF Is Bearish! Short! Take a look at our analysis for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.902. The above observations make me that the market will inevitably achieve 0.876 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!
Short
by SignalProvider
1
GBPAUD Is Very Bullish! Buy! Please, check our technical outlook for GBPAUD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.995. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.010 level soon. 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!
Long
by SignalProvider
1
EURUSD Will Grow! Buy! Take a look at our analysis for EURUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.030. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.038 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!
Long
by SignalProvider
2