https://www.tradingview.com/x/liljDF1u/ Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 76.573. 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 72.081 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/YwuXqRBr/ Please, check our technical outlook for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.476. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/zBwjxAHT/ Here is our detailed technical review for GBPJPY. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 192.558. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 193.417 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. Like and subscribe and comment my ideas if you enjoy them!
Analysis based on yearly pivots, says to us that the drawdown on SPX is impulsive and it may continue till monthly S4 or it even might bounce from here, before the new president takes office and rally, since this is a prosper year, it will probably be double digits. The main event to watch out here is the inauguration rally, which will be "explosive", if the new president will want to sink it first, then "save" it later, it will probably dip even further, however the market will love the energy of the recovery. Things to watch out for: God forbid something happens to the new president and the inauguration gets delayed! One more thing, there's a prophecy been made by someone who has been right several times in a row, as follows: "Soon after Trump takes power, a great economic crash will follow". - which goes in line with the Trump rhetoric that Biden is leaving him a mountain full of debt.
eurusd on 1h tf steel downtrend.i am looking for sell from fvg or ob
Gold Price Analysis for Next Week Gold is testing the upper boundary of the ascending channel and the 1H selling zone (2693 - 2686). Two Possible Scenarios: ? Rejection at Resistance (2693 - 2686): Targets: 2665 (Risk Zone) 2643 - 2648 (Order Block) – Best place to buy gold ? Breakout Above Resistance (2693 - 2686): Next Target: 2715 - 2720 (Major Resistance Zone)
USDCAD is currently trading at 1.443, with a target price of 1.490, suggesting a potential gain of over 500 pips. The analysis is based on the support and resistance pattern, indicating that the pair is holding its main resistance level. A breakout above this resistance level is being anticipated. Currently, the pair is in a consolidation phase, where price movements are relatively limited. This phase often signifies market indecision and can precede significant price action. Traders are closely monitoring the breakout potential, as a breach of resistance could signal strong upward momentum. The technical setup suggests bullish sentiment, with the resistance level acting as a critical price point. If the breakout occurs, it may confirm the continuation of the uptrend. However, traders should remain cautious and consider potential reversals if the resistance holds.
#AI The price is moving in a descending channel on a 30-minute frame and is expected to continue upwards We have a trend to stabilize above the moving average 100 again We have a descending trend on the RSI indicator that supports the rise by breaking it upwards We have a support area at the lower limit of the channel at a price of 0.7000 Entry price 0.7130 First target 0.7355 Second target 0.7642 Third target 0.8000
The analyst believes that the price of Dogecoin will decrease in the next 24 Days. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
#PHA The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards We have a trend to stabilize above the moving average 100 again We have a descending trend on the RSI indicator that supports the rise by breaking it upwards We have a support area at the lower limit of the channel at a price of 0.2860 Entry price 0.3201 First target 0.3634 Second target 0.4000 Third target 0.4400