BITCOIN Is Going Up! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 100,153.20.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102,181.06 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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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
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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AUDNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.104.
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 1.098 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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AUDJPY Will Move Lower! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 97.822.
Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 level soon.
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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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 89,901.
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EUR/GBP SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.825 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.886 area.
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NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.592 level area with our long trade on NZD/USD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.270.
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GOLD LIVE UPDATE 1HR CHARTXAU/USD Live Market Update: Dive into real-time insights for intraday trading on gold. Stay informed about the latest price action, key levels, and market trends to identify prime scalping and swing trading opportunities. With gold's dynamic nature, this live analysis provides traders with precise entry and exit points, helping you navigate market fluctuations with confidence. Whether you're a scalper looking for quick profits or a swing trader aiming for bigger moves, our updates ensure you're equipped with the knowledge to make informed decisions. Optimize your strategy and capitalize on every opportunity in the XAU/USD market!..
Super Micro Computer (SMCI): Is This the Greatest Comeback?Could this truly be the greatest comeback of 2024 & 2025? The decision for NASDAQ:SMCI is imminent, and it’s crucial to remain open to all potential scenarios.
Over the past month, NASDAQ:SMCI has risen by an impressive 83% and is now trading just below a significant resistance level. Flipping this resistance would mark the first shift from a bearish to a bullish structure since the beginning of the decline. Such a reclaim would also indicate a remarkable V-shaped correction, which holds substantial significance on the weekly chart.
It’s likely that NASDAQ:SMCI may experience a slight pullback this week to accumulate more buying momentum before pushing above the $50 mark. However, the stock must not fall below $25, as this remains the Point of Control (POC) since 2022—a critical level that must be respected to maintain the bullish potential.
Alibaba (BABA): Stimulus Hopes Fade, Correction Ahead?We secured solid profits on NYSE:BABA , with a significant rejection at the breakout gap. The stock is now under pressure, facing potential headwinds due to Donald Trump’s presidency and his proposed tariffs. While Chinese stocks surged recently, driven by Beijing’s increased rhetoric around stimulus ahead of a key policymakers’ meeting, the lack of any immediate announcements until March’s National People’s Congress may dampen sentiment.
Despite NYSE:BABA dropping pre-market and likely throughout the week, our strategy remains unchanged. With partial profits taken and the stop-loss at break-even, we are not exposed to unnecessary risk.
As long as NYSE:BABA continues trading above $82, the position remains stable unless major news changes the outlook.
The Russell 2000 has just bottomed! Here's WhyAMEX:IWM CAPITALCOM:RTY AMEX:TNA 🤏🧢
Here I am, standing before you again, putting my name on the line and going against the GRAIN and telling you I believe we just bottomed on the AMEX:IWM
The Russell 2000 is front-running this pullback and we are about to see a bounce next week and BIG push into year end! Here's WHY 👇
Before we take a look under the hood of the car lets talk about the weekly chart. Everything is still good: H5 Indicator is GREEN, Williams Consolidation Box is thriving, and we are on the volume shelf. Now lets take a look under the hood at the daily chart. 👇
Daily Chart Analysis:
-Most important we are at the bottom of our Wr% Range and at the Green support bounce zone. As you can see every time we've been here over the last three months we've bounced for an average of 9%.
-We broke down through our first level at $238 and are right at what I believe to be the final boss before we have our move higher. Why? Simple $234.66 is the previous ATH dated back to the end of 2021. So, I'm coming at you for the 100th time so it's engrained in your brain: A break of prior RESISTANCE needs a retest in order to FLIP it into SUPPORT. This is what I believe we are doing at this time at the second level of right under $235ish.
-You may be asking yourself well how come we don't go down to the $228 level. Great question, it could happen but I don't believe it's a strong probability for the reasons laid out above and the fact that we've already flipped that area from resistance to support. Also, we would be caught up in a Anchored volume profile GAP that measures down to $220 and I don't believe we are at that level of a crash instead of a pullback...yet!
-Speaking of Anchored Volume Profile Shelves we are currently holding on to this one even at the Level 2 support area.
-As I always say we could Lit grab/ flash crash down to the weekly 9ema that sits right around $232 before we fake out to the down side and push back higher towards ATH into year end.
In summary, I believe the AMEX:IWM has just bottomed and we’re poised for a bounce next week with a strong push into year-end. The Russell 2000 is leading this pullback, and both weekly and daily charts show positive indicators. With our H5 Indicator green and strong support levels holding, we’re ready to break higher.
🔜🎯$259
🎯$306
Not financial advice.
GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend so despite the fact
That the pair is making a local
Bearish correction now we are
Bullish biased so after it retests
The horizontal support of 2.1872
We will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
AAVEUSD: Mania phase started and targets $2,500AAVE is heavily overbought on its 1D technical outlook (RSI = 82.361, MACD = 36.650, ADX = 44.549) but during Bull Cycles, this accelerates the exponential growth of rallies instead of being a bearish signal for a correction. The current rally has already reached the 0.786 Fibonacci level and based on the Bull Cycle 2020-21, it should not stop here but instead extend above the ATH. Our long term target is the 1.5 Fibonacci extension (TP = 2,500).
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