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Relative Strength Index (RSI)

Gold Hits All-Time High 2.354 The price of gold has recorded a significant surge, reaching an all-time high of 2,354, immediately after the opening of the Chinese market. This growth has been fueled by the positive sentiment among traders, especially after the People's Bank of China (PBOC) announced an increase in gold purchases. When looking at the H4 chart, we notice that the RSI indicator is oscillating around the overbought level, signaling a positive continuation of the price uptrend. Gold may experience a correction towards the 2,331 level before resuming its strong upward momentum. However, if the gold price breaks below the support level of 2,331, we might witness a correction down to the 2,305 level and subsequent support zones below. In this situation, the downward momentum could persist, depending on market news and fluctuations.
OANDA:XAUUSD
by Ariana_alila
Double Bottom Neckline Breakout - EICHERMOT📊 Script: EICHERMOT 📊 Sector: Automobile 📊 Industry: Automobiles - Motorcycles / Mopeds Key highlights: 💡⚡ 📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it. 📈 MACD and Double Moving Averages are giving crossover. 📈 RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4019 🟢 Target 🎯🏆 - 4200 ⚠️ Stoploss ☠️🚫 - 3921 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EICHERMOTLong
by radha_23
Double Digit Stock - HFCL📊 Script: HFCL 📊 Sector: Infrastructure Developers & Operators 📊 Industry: Engineering - Turnkey Services Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 MACD is giving crossover . 📈 Already Crossover in Double Moving Averages. 📈 Right now RSI is around 53. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 99 🟢 Target 🎯🏆 - 109 ⚠️ Stoploss ☠️🚫 - 94 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HFCLLong
by radha_23
Double Digit Stock - EASEMYTRIP📊 Script: EASEMYTRIP 📊 Sector: E-Commerce/App based Aggregator 📊 Industry: Travel Agencies Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are on urge of Crossover. 📈 Right now RSI is around 54. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 46 🟢 Target 🎯🏆 - 51 ⚠️ Stoploss ☠️🚫 - 43 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EASEMYTRIPLong
by radha_23
Crossover Trade - NBCC📊 Script: NBCC 📊 Sector: Miscellaneous 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD and Double Moving averages are giving crossover. 📈 Right now RSI is around 65. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 138 🟢 Target 🎯🏆 - 149 ⚠️ Stoploss ☠️🚫 - 132 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NBCCLong
by radha_23
📈APE: Potential Long Opportunity on 4-Hour Timeframe🚀🔍Today, our focus is on ApeCoin (APE) with analysis conducted on the 4-hour timeframe. A notable aspect in this timeframe is the favorable reactions to Fibonacci levels, where APE exhibits a response to the 0.618 level, forming a V-pattern after a fakeout. This pattern suggests a potential reversal, indicating a resurgence of buyers in the market. 💥The RSI indicator also signals positive divergence, activating a trigger for potential long positions. Now, we await confirmation from the price action to validate our entry. 📈For long positions, a breakout above $1.727 could serve as a suitable trigger, with targets set at $1.881 and $2.118. However, profit-taking should be considered along the way, given the current downtrend in the 4-hour timeframe. It's important to note that shorter timeframes may present noise and corrective moves, while longer timeframes might reveal the overarching bullish trend. 📉Regarding short positions, $1.659 presents a risky trigger, while $1.605 provides a more confident entry point. However, considering the low volume of red candles, it's less likely for the price to stabilize below these triggers unless accompanied by significant selling volume. 📝In summary, ApeCoin presents a potential long opportunity, supported by Fibonacci levels and positive divergence on the RSI. Short positions should be approached cautiously, considering the overall market sentiment and volume dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
Analyzing Bitcoin's Price MovementThe price of Bitcoin surged over the weekend, reaching above $68,000. If Bitcoin continues to trade steadily above this level and shows signs of surpassing the $69,000 threshold, it could stimulate increased buying interest from investors, pushing the price towards recent highs around $73,777. However, if the price of Bitcoin drops below the level around $61,906, closing below this mark would be a clear indication that the downward trend is still in place. In such a scenario, it could potentially present buying opportunities at around $60,000 or even lower.
OANDA:BTCUSD
by Ariana_alila
1
"Bitcoin Price Analysis: Upcoming Market VolatilityThe price of Bitcoin (BTC) has attempted a surge over the weekend, surpassing the 68.000 threshold. If BTC continues to trade around this range and trends upwards towards the 69.000, it could encourage more buying pressure, pushing the price towards its previous peak of 73.777. The Relative Strength Index (RSI) is also a notable factor, as it currently indicates significantly higher levels compared to the 50-average. This demonstrates the strength and potential for Bitcoin's price to continue rising in the near future. Additionally, the Simple Moving Average (SMA) is a crucial tool for analyzing price trends. The SMA 20 is showing a rather steep incline, indicating a strong upward trend in Bitcoin's price. However, observing a slight correction suggests there might be a short-term price decline before the market rebounds and resumes its strong upward trajectory.
OANDA:BTCUSD
by Daisy_Anna
Forecast GBP/USD trend: The Price will Continue to DeclineGBP/USD broke below last week's support zone and hit a weekly low near 1.2540 on Tuesday. Although it recovered to reach a two-week high at 1.2700, it couldn't sustain this momentum and pushed GBP/USD lower towards the week's end. Looking at the chart, we observe that the Relative Strength Index (RSI) is currently below the 50 threshold, around 46. If prices remain in this range, or even drop lower, there's a possibility of a prolonged downtrend. On the other hand, the Simple Moving Average (SMA) is gradually adjusting, indicating a potential for further price decreases in the near future.
by Ariana_alila
1
GBP/USD Continues Downward Trend , Failed to Sustain the Bounce GBP/USD has failed to sustain its upward momentum against the USD, as the pair struggled to surpass the 1.2700 level. GBP/USD broke below the support zone from the previous week and reached its weekly low near 1.2540 on Tuesday. Despite a rebound and reaching a new high in two weeks at 1.2700, selling pressure persisted, pushing GBP/USD lower towards the end of the week. Technically, GBP/USD may continue breaking the downtrend from its previous uptick. The downside potential could rely on the RSI indicator, with prices still below the threshold around 46. Additionally, if prices hold around 1.2600, it could alleviate short-term selling pressure, allowing GBP/USD a chance to retest the resistance level at 1.2700.
by Daisy_Anna
📈ATOM: Potential Long Opportunity on 4-Hour Timeframe💎🔍Today, let's focus on Cosmos (ATOM) on the 4-hour timeframe, where it has reached support at $10.714. Concurrently, it's consolidating around this support level while the RSI indicator shows positive divergence, indicating potential bullish momentum. Moreover, the decreasing volume in red candles suggests bullish volume divergence. 📈For long positions, the activation of RSI divergence with a breakout above $42.49 confirms the signal. The next resistance lies at the RSI midline, or $11.125, where a candle close above this level could signal entry for long positions. ✅Setting our initial target with a risk/reward ratio of 2, we aim for a price target of $12.745. If the price reaches this level, profit-taking could be considered. 📉Considering short positions, it's essential to note that strong trends often accompany significant divergence. However, without substantial selling volume, it's challenging to confirm stronger selling pressure. Confirmation would entail multiple red candles with high volume. 🛑For short position targets, the initial risk/reward ratio of 2 could be applied, followed by considering support at $9.734. 📝Overall, Cosmos presents a potential long opportunity, supported by technical indicators and price action around key support levels. Short positions should be approached cautiously, awaiting confirmation of increased selling pressure. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
Analyzing USD/JPY: Recent Trends and Future OutlookOver the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold. Meanwhile, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) continue to indicate an upward trend for USD/JPY. If prices continue to rise and approach the 152.00 mark, there may be a correction before this currency pair transitions into a stronger upward trend. Furthermore, investors and traders should consider market factors such as news, economic-political developments, and price fluctuations to achieve desired trading outcomes. Keeping a close eye on these factors will enable you to make informed decisions and navigate the market effectively.
by Ariana_alila
Strategies For Trading Amid USD/JPY FluctuationsThe Japanese Yen (JPY) is striving to leverage its strength to reach its highest level in over two weeks. However, the strength of the US Dollar (USD) has prompted a strong recovery in the USD/JPY currency pair, surpassing the 151.00 threshold. This breakthrough indicates a short-term downward trend, as a crucial support level has been breached. Despite the robustness of the US Dollar (USD), there are predictions that the Japanese government will intervene in the market to support the Japanese Yen (JPY). This intervention could help minimize the depreciation of the JPY and create balance in the market. Furthermore, technical indicators such as the RSI and SMA suggest that prices will trend upwards. Despite the strength of the US Dollar (USD), the potential of the JPY still remains, and the market may be preparing for a short-term adjustment before continuing its long-term growth trend. Therefore, investors and traders should exercise caution and closely monitor market developments and news to manage their trades successfully and efficiently!
by Daisy_Anna
1
EUR/USD Trend Analysis in the Upcoming PeriodAfter the release of the Nonfarm Payrolls and Unemployment Rate reports, there was a boost in the growth of the US Dollar (USD), leading to a decrease in the EUR/USD exchange rate. This reaction was clearly reflected on the technical chart, as the price broke below the significant support level at 1.0800, indicating a strong signal for further depreciation of this currency pair. Furthermore, the Relative Strength Index (RSI) is expected to continue its downward trajectory and may dip below the 50 level, indicating an increase in selling pressure in the market. The breach of the support level at 1.0800 could pave the way for a subsequent decline, nearing the next support levels at 1.0724 and subsequently at 1.0700. Anticipated that in the current scenario, selling pressure will persist and the EUR/USD could face further downward momentum in the near future.
by Ariana_alila
EUR/USD Pair Declines as Non-Farm Payrolls Beat Expectations After the Non-Farm report was released, the Euro experienced a slight decrease of 0.13% against the US Dollar, pushing the EUR/USD exchange rate down to 1.0800 after peaking at 1.0847 earlier in the day. On Friday, the US Bureau of Labor Statistics (BLS) revealed that the economy had added more jobs than expected. Nonfarm payroll increased by 303K, surpassing both estimates and the previous figure of 270K. Other data indicated a decrease in the unemployment rate from 3.9% to 3.8%, alongside positive adjustments in average hourly earnings. On the technical chart, the price dropped below the 1.0800, setting the stage for a decline in the EUR/USD pair. The Relative Strength Index (RSI) is trending lower, approaching below the 50 mark. Breaking the 1.0800 support level could further drive the price downwards towards the subsequent support levels at 1.0724 and 1.0700.
by Daisy_Anna
📈ADA: Potential Short Opportunity on 4-Hour Timeframe✂️🔍Today, let's analyze Cardano (ADA) on the 4-hour timeframe. After encountering rejection twice at $0.7971, the price experienced a downward leg, retracing to the 0.5 Fibonacci level of the previous wave before resuming its descent to the 0.618 Fibonacci extension, where it currently consolidates. 📉This level coincides with support at $0.5633, and a breakout below it could signal further downward movement, with targets at the 0.786 Fibonacci level and subsequently at the 1 Fibonacci extension. ⚡️The SMA25 indicator has converged with the price, potentially exerting downward pressure. Failure of SMA25 to push the price lower could indicate a ranging market. 📊Candle volume has been range-bound since reaching $0.5633, indicating ongoing buyer presence and a lack of significant selling pressure. 📈For long positions, entry above $0.5886 could be considered, although it carries inherent risks. 📝Overall, Cardano presents a potential short opportunity, contingent upon a breakdown below $0.5633, with various technical indicators suggesting downward momentum. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Short
by itsparham96
Bitcoin Price Analysis: Short-Term Decline or Upside Adjustment? Although the price of Bitcoin is currently experiencing a short-term decline, the possibility of a more significant downward adjustment cannot be denied. If the price surpasses the support level at 66,460, we may witness a deeper decline, continuing to touch lower support levels. However, in this volatile context, when looking at the chart, we see that the RSI indicator is currently stable around the 55 level, and maintaining or even increasing towards 60 could forecast an upcoming price increase. This indicates that despite the short-term adjustment, the potential for Bitcoin price appreciation is still maintained and may become clearer in the near future. Nevertheless, it's important to monitor news and market developments for informed and effective trading decisions.
OANDA:BTCUSD
by Ariana_alila
Bitcoin's Price Movement In the Upcoming PeriodAlthough Bitcoin is currently experiencing a short-term decline, the possibility of a significant downturn should not be overlooked. If the price surpasses the crucial support level at 66,460, we may witness a deeper decline as the price continues to touch lower support zones. However, in this volatile scenario, examining charts and conducting technical analysis is paramount. The Relative Strength Index (RSI) is currently trading steadily around the 55 mark, and maintaining this level or even rising to 60 could forecast an upcoming period of price increase. This indicates that despite short-term adjustments, the potential for Bitcoin price growth remains intact and may become clearer in the near future.
OANDA:BTCUSD
by Daisy_Anna
GBP/USD Plunges Below 1.2600 Amidst USD SurgeIn recent US trading sessions, the GBP/USD currency pair has dropped below the 1.2600. This sharp decline has been driven by the strong rise of the USD, indicating robust and stable growth in the US economy. Technical charts illustrate this significant adjustment, with indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) clearly showing the trend. Specifically, the SMA 20 is gradually trending downwards, indicating increasing selling pressure and the potential for continued decline in the near future. The RSI surpassing the overbought level also signals that the market is being pushed too far, and a correction is inevitable. With these developments, it's evident that the GBP/USD pair is facing strong selling pressure. The rapid ascent of the USD poses significant challenges for the GBP, and investors need to be cautious of the possibility of further declines.
by Ariana_alila
USD Strength Sends GBP/USD Below Key Support Level of 1.2600In a recent US session, the market witnessed a sharp correction in the GBP/USD currency pair as prices dipped below the crucial 1.2600 level. This pronounced decline was propelled by the strong surge of the USD, indicating robust growth and stability in the U.S. economy. The downward momentum was also reflected in technical indicators such as the Simple Moving Average SMA and the Relative Strength Index RSI. Observing the chart, we can readily see the RSI entering overbought territory, a clear signal that the downward pressure is intensifying. These signals raise a strong warning that the price of this currency pair is likely to continue its downward trend.
by Daisy_Anna
Analysis USD/JPY Market TrendDuring the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight. Technical analysis based on indicators such as Simple Moving Average (SMA) and Relative Strength Index (RSI) has indicated a clear downward trend in prices. If the price breaks below the 151.00 support level, a sharp decline is anticipated, with further support levels being sought thereafter.
by Daisy_Anna
PY Dips Following USD MomentumThe Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials. From a technical standpoint, breaking below the 151.00 support level could be seen as a breach of the short-term trading range. Consequently, any subsequent price slides are likely to encounter solid support levels below. Technical analysis indicates that the price has dipped below the simple moving averages (SMA), particularly the SMA 20, as it crosses beneath the SMA 50 and SMA 100, indicating a stronger downward trend. Additionally, the Relative Strength Index (RSI) is approaching the 50 level, signaling a significant weakening.
by Ariana_alila