USOIL Will Go Higher From Support! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 67.101.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 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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Signals
CADCHF Will Go Up From Support! Long!
Here is our detailed technical review for CADCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.620.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.627 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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GBPNZD Will Go Lower! Short!
Take a look at our analysis for GBPNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.182.
The above observations make me that the market will inevitably achieve 2.171 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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AUDUSD Is Bearish! Sell!
Take a look at our analysis for AUDUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.641.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.637 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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Alikze »» APT | Forming a head and shoulders pattern - 2D🔍 Technical analysis: Forming a head and shoulders pattern
- It is moving in an ascending channel in the daily time frame.
- After the touch neck line and also the failure of swing and poleback to it, it has continued its growth up to the ceiling of the channel.
- Currently, an AB=CD pattern is formed.
- In addition, a head and shoulder pattern is also observed in the daily and weekly time frames.
- Therefore, it can have another growth in the middle of the channel after a temporary correction, up to the area of the width and roof of the channel.
💎In addition, it can continue its growth until the next supply zone after the failure of the supply zone and pullback to it.
🚨 Note: The support area of 6.25 is the validity area of the analysis, if the candlestick stabilizes below the area, the bullish pattern will be invalidated. 🚨
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BINANCE:APTUSDT
EURNZD: Bullish Outlook For Next Week Explained 🇪🇺🇳🇿
EURNZD broken and closed above a horizontal neckline
of an inverted head & shoulders pattern on a daily.
It opens a potential for a further growth.
With a high probability, the pair will reach 1.821 resistance soon.
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Morpho/UsdtOKX:MORPHOUSDT
📉 **Price Rejection at 2.800**
The price of **Morpho Coin** ($2.2148) was rejected at a **previous resistance level** of $2.800, which means it couldn't break past that level and moved back down. This is an important point for traders, as the price struggled to go higher, and now we're seeing it at a lower price.
🛑 **Support Levels**
The **support levels** are areas where the price might find buying interest and potentially reverse upwards. For Morpho Coin, the support levels to watch are:
- **$1.7634** 📉
- **$1.3456** 🔽
If the price continues to decline, these are key levels where the price may stabilize or bounce back.
🚀 **Long Position Potential**
For a **long position** (buying), many traders would look for the price to test the support levels like **$1.7634** or **$1.3456**, hoping for a price reversal and aiming to profit if the price goes back up. It's important to wait for confirmation of a bounce off these levels to minimize risk.
Keep in mind, this is a **technical analysis** explanation and not financial advice! Always do your own research and consider market conditions.
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
EURCHF Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9285 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9303
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
NAS100USD Will Go Down! Sell!
Please, check our technical outlook for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 21,415.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,013.5 level soon.
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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GOLD Will Move Lower! Short!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,637.581.
Considering the today's price action, probabilities will be high to see a movement to 2,613.313.
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!
EURCAD Is Bearish! Sell!
Take a look at our analysis for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.485.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 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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GBPAUD Is Very Bearish! Short!
Please, check our technical outlook for GBPAUD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.988.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.970 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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xauusd and NFPBased on fundamental data and the correction of the global gold ounce, as well as the high selling pressure and strength, I expect that today, with the release of the non-farm payroll employment data from the U.S., it will reach the specified range.
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