USDJPY Will Move Higher! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 153.579.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 153.895 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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LONG
GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.796.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.800 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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GOLD Technical Analysis! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2660.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2682.0
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDNZD Expected Growth! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.1016 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1029
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.12200 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.12200 support and resistance area.
Trade safe, Joe.
HelenP. I Euro can reach trend line, break it, and continue riseHi folks today I'm prepared for you Euro analytics. Some time ago price traded between resistance 2, which coincided with the resistance zone, and then rose until to trend line, making a first gap. After this, EUR turned around and dropped below resistance 2, breaking it and then made a retest, after which dropped to resistance 1, which coincided with one more resistance zone. Next, the price broke this level and started to trades inside consolidation, where it soon fell to the support level, which coincided with the support zone and even made a movement down to 1.0330 points. Then in a short time, the EUR backed up to consolidation, making a second gap, and then rose to the trend line inside the range. After this movement, the price turned around and declined to the support level, where trades are near now. In my mind, EURUSD will rise to the trend line, and then make little correction movement. Then price can break this line and continue to move up to the 1.0630 resistance level. If you like my analytics you may support me with your like/comment ❤️
GBPJPY Trading Opportunity! BUY!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 193.46 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 193.85
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NATGAS: Bullish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NATGAS pair price action which suggests a high likelihood of a coming move up.
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GBP/USD on the Move – Will the Bulls Take Charge?OANDA:GBPUSD - 1Hr Chart
Current Price:1.27664
Executive Summary:
The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential profit of 171 pips.
Detailed Analysis:
After analysing the chart, we observed that the price found support during the London session on Friday, Nov 22, and has since been trading upward within an ascending channel. The resistance at 1.26953 was broken and now serves as a strong middle support or equilibrium. This level acts as a balancing point, where price often pauses, retests, or consolidates before continuing its trend. It works as a critical area of decision-making for traders, offering opportunities for price rebounds in an uptrend or potential breakdowns in case of bearish pressure. The price is expected to rise toward the ultimate resistance at 1.29395, as highlighted on the chart, with a potential profit of 171 pips.
Bearish Scenario:
In the bearish scenario, if significant selling pressure drives the price below the 1.26953 middle support, it could signal a potential shift in market sentiment. This middle support currently acts as a critical level, maintaining the upward momentum. A break below it may invalidate the bullish structure, leading to further declines. In such a case, the price is likely to target the next key level at the ultimate support of 1.24512. This level represents a strong foundational support where buyers might step in to stabilise the price and counteract the bearish momentum.
Key Levels to Watch:
• Middle Support: 1.26953 (Strong support and potential bounce level).
• Ultimate Resistance: 1.29395 (Target level for upward momentum).
• Ultimate Support: 1.24512 (Potential downside target if support breaks).
Thank you for taking the time to read this analysis. Wishing you the best in your trading journey! Remember to always follow proper risk management strategies to ensure long-term success in the markets. Good luck with your trades!
Gold Is Approaching An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2635 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2635 support and resistance area.
Trade safe, Joe.
Is DXY Heading Above Previous High?Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 106.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.800 support and resistance area.
Trade safe, Joe.
USDCHF Is Nearing An Important Support With CHF WeaknessHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88650 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.88650 support and resistance area.
Trade safe, Jie.
EURUSD Sellers In Panic! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0499 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0519
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GOLD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2648.6
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2675.4
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NATGAS Will Explode! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 3.268 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3.355
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
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Dogecoin (DOGE) Long 5x Futures Trade🐶#DOGE/USDT
💻Market Exchange= CoinEx
🟢 Trade Type= Long
✅Entry level:
$0.389 - $0.4045
🎯Target Levels:
$0.4126 - $0.4166
⚠️Stop Loss: $0.37🚫
🩸 Leverage= 3-5X
Please use the risk management I provided for you and don't forget about the risk in leverage/margin trading.