LONG
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 109.412.
Considering the today's price action, probabilities will be high to see a movement to 110.871.
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 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 approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 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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GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 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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GOLD - Price can fall a little and then continue to move up nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 110.323 level.
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$PDD has 50-60% upside from $100- NASDAQ:PDD has solid growth and temu is currently launching into new regions with TAM increasing with each entered zone.
- Chinese equities are dirt cheap and have performed badly in last 4 years. Trump was seen as detrimental for chinese equities. However, I will play the devil's advocate here and say Trump will be good for China. If US wants to prosper then it's better to sort deals and grow together vs making china as enemy economically.
- Lot of companies of US have manufacturing in China and Chinese consumers especially middle class is getting stronger thus offering selling opportunities for US companies.
- China will ease monetary policy to revive the demand and consumption which should boost economy
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0239
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0318
Recommended Stop Loss - 1.0201
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NATGAS Technical Analysis! BUY!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 3.916 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 - 4.025
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
USDCAD Will Grow! Long!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.448.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 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.
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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.637 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Staring at the SOLI’m just going to leave this here. Anytime we see a break of a ATH we can expect to see the bull run begin. As we all wait patiently for the 20th we see some movement in the market with Bitcoin dominance in fluctuation. I’ll be holding some SOL to see if we can reach the sun.
We could see over $1000 per SOL just for fun.
Good luck and have fun with it.
bch long midterm"🌟 Welcome to Golden Candle! 🌟
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
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LTC - Loads more up to goI've had a lot of requests for custom analysis on LTC. Its looking strong within the channel and there's potential for lots more up to complete the X wave, which would still look corrective in a very straightforward looking ABC. I actually don't like LTC too much. It's slow, sluggish, doesn't keep up with market trends. But, it's looking strong for some more up. Follow and share for more.
BTC, higher highs incomingBTC has shown huge confidence in with a trendline breakout on price, volume and MACD is looking near vertical too. These are what I call signals that 'jive' together. I would never place a trade on one signal alone, I try and gain as many signals to jive as possible before risking any assets. It's great to see and that means we're within the long awaited wave 5 of larger degree of trend 1. Which, would see at least 135k. Exciting, high confidence here. Follow and share for more.
USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90600 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.
EURGBP Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.84200 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84200 support and resistance area.
Trade safe, Joe.