https://www.tradingview.com/x/0SBTZGp3/ Here is our detailed technical review for SPX500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5,976.37. Considering the today's price action, probabilities will be high to see a movement to 6,081.10. 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/H1bGpzez/ Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 31.579. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 33.065 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!
But that's just the first scenario. The second scenario is that everything could change tonight with Trump's speech.
https://www.tradingview.com/x/Bpz4PUYO/ Please, check our technical outlook for NZDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 86.948. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 86.145 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!
USDCHF is currently trading at 0.91000, with a target price of 0.89900, indicating a short-term bearish movement. The expected price drop of 100+ pips suggests a potential short-selling opportunity. The pair is in a retesting phase, meaning it is re-evaluating a previously broken trendline. This retest occurs after a downtrend, confirming bearish momentum. However, after this small decline, a strong bullish wave is anticipated. The price is expected to recover and move upward toward the 0.93000 level. This suggests a trend reversal after the retracement phase. Traders may consider shorting until 0.89900, then looking for bullish confirmation. Risk management is crucial due to potential market volatility. Analyzing support, resistance, and market sentiment can help refine entry and exit points.
https://www.tradingview.com/x/j3e66XUz/ Here is our detailed technical review for AUDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 96.297. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.036 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!
Yesterday, our Bitcoin scenario played out immediately, with buying resuming without forming a sideways range. By now, the $100,000–$103,000 sell zone has been tested, and we’ve seen a seller reaction. Currently, we are in the local buyer zone at $99,200–$98,000 (initiative volumes), from which we may see a reaction and continuation of the uptrend. The overall picture looks bullish—selling from the zone has been relatively weak, and cumulative delta shows absorption of selling pressure. Additionally, all significant volumes are now positioned lower. Sell Zone: ? $107,000–$109,000 (volume anomalies) Buy Zones: ? $99,200–$98,000 (initiative volumes) ? $95,000–$93,000 (volume anomalies) ? $89,000–$86,300 (accumulated volumes) Interesting Altcoins: For ACH , we have broken the trend. If the volume zone at $0.355–$0.33 is tested and responds accordingly, we will open a long position. https://www.tradingview.com/x/hNL4W11O/
Disclaimer: This is not a trading advice but a personal analysis only for the study purpose. Greeting: Kindly share you thoughts on BTCUSD in the comment section. BTCUSD Current Value: 98000 After being hit by a huge drop Bitcoin maintained to regain its value and stablised itself which shows how stable bitcoin is and how strong its community is. BTCUSD dropped to test the lower area but market gave a fake bearish breakout and market pumped Bitcoin up again. Currently market has dropped from 102500 to 98000 which is the testing area again. 98000 is basically supporting area if market supports Bitcoin at this area then market will pump and test the upper area of 102500 again which can show a little resistance but if market give a bullish breakout then its last target will be 106500 today. Supporting Areas: 98000, 95000 Resistance Areas: 102500, 106500 Demand Zone: 106500 Like, comment and follow for more updates on BTCUSD.
EURUSD continues to form a downtrend. The price is trading below the key resistance level of 1.0333. Earlier, from Monday's opening, the market formed a gap, which has already managed to close and after a false breakout of resistance, the currency pair is trying to consolidate in the selling zone. Scenario: If the price fails to break the resistance at 1.033 and consolidation is formed under the level, indicating that the market is not ready to grow, then in this case we will have a chance to catch the continuation of the downward movement. The target of such a move could be the area of interest 1.022 - 1.0176
Early in the American session, XAU/USD is trading around $2,819, above the 21 SMA, and below the 8/8 Murray. A strong technical bounce is observed and gold is likely to continue rising in the next few hours until it reaches the 2,822 area where the daily R_2 is located. If gold reaches its annual high ( 2,822-2,828), a double-top pattern will be formed which could be seen as a technical reversal signal. Thus, we could sell the metal in the short term with the target at $2,600. On the other hand, if gold consolidates above 2,820, the outlook could remain bullish. Hence, we could expect gold to reach +1/8 of Murray located at 2,851. Technically, we could expect gold to make a strong technical correction because the price is approaching overbought levels on the daily and weekly charts. The indicator is showing a negative signal, reaching overbought levels. Therefore, after a technical correction towards 2,785 (21 SMA), gold could resume its bullish cycle.