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CADJPY analysis for 3.10.2023

The CADJPY currency pair presents a nuanced technical analysis. The prevailing trend appears bearish, evidenced by the elongating red MACD bars. However, a noteworthy observation is the pair's resilience at a prior low, suggesting a possible rebound. Furthermore, the stochastic RSI reading below 20 indicates oversold conditions, potentially signaling a reversal or temporary consolidation. Prudent traders should maintain vigilance, monitoring price dynamics and keeping an eye out for reversal signals...

October 3, 2023By Forex NewsRead more...

GBPJPY analysis for 02.10.2023

The GBPJPY pair, on the 4-hour chart, presents some compelling technical signals. The MACD line, currently at 0.0213, has surged above its signal line which is at 0.127, indicating potential bullish momentum. Supporting this view, the MACD histogram also reflects an ascent with a value of 0.086. Adding to the bullish narrative, the short-term SMA, positioned at 182.434, has crossed above the long-term SMA at 182.043, typically a bullish crossover...

October 2, 2023By Forex NewsRead more...

BTCUSD analysis for 29.09.2023

BTCUSD (4h Chart): Bullish momentum is evident as the short-term SMA has crossed above the long-term SMA, a classic golden cross, hinting at potential upward price action. The MACD further confirms this bullish sentiment, with the MACD line (112) crossing above its Signal line (11). The robust positive value of the histogram (101) suggests a strong buying pressure. The RSI, currently at 64.85, indicates increasing bullish momentum, while still being...

September 29, 2023By Forex NewsRead more...

GOLD analysis for 28.09.2023

Based on multiple technical indicators, gold appears to be exhibiting bearish momentum in the 4-hour timeframe. The short-term Simple Moving Average (SMA) has crossed below the long-term SMA, which is often interpreted as a sell signal by traders. The Relative Strength Index (RSI) is significantly below the 30 level, currently at 16.14, suggesting that gold might be in oversold territory. Further validation of this bearish sentiment is the RSI-based moving...

September 28, 2023By Forex NewsRead more...

EURAUD analysis for 27.09.2023

The EURAUD pair currently demonstrates interesting technical nuances. The Relative Strength Index (RSI) stands at 58.78, suggesting that the pair is approaching the overbought threshold but is not there yet. This could indicate some bullish momentum in the short term. Furthermore, both the MACD signal and MACD line being on the histogram point towards a potential consolidation phase or a forthcoming crossover. Investors should monitor closely, as a crossover of...

September 27, 2023By Forex NewsRead more...

EURUSD analysis for 26.09.2023

On the 4-hour chart of BTCUSD, the short-term Simple Moving Average (SMA) has recently crossed below the long-term SMA, signaling a potential bearish trend. This bearish crossover often suggests the momentum has shifted towards sellers, especially when combined with other indicators. The Parabolic SAR, which serves as a trend-following indicator, has produced three consecutive dots above the price candles, reinforcing the bearish sentiment. Lastly, the Relative Strength Index (RSI), currently...

September 26, 2023By Forex NewsRead more...

BTCUSD analysis for 25.09.2023

On the 4-hour chart of BTCUSD, the short-term Simple Moving Average (SMA) has recently crossed below the long-term SMA, signaling a potential bearish trend. This bearish crossover often suggests the momentum has shifted towards sellers, especially when combined with other indicators. The Parabolic SAR, which serves as a trend-following indicator, has produced three consecutive dots above the price candles, reinforcing the bearish sentiment. Lastly, the Relative Strength Index (RSI), currently...

September 25, 2023By Forex NewsRead more...

Gold analysis for 22.09.2023

Gold's 4-hour chart paints a bearish picture, underscored by multiple indicators. The recent cross of the short-term SMA below the long-term SMA signals a potential downturn. The Bollinger Bands' widening is indicative of increased volatility, further supported by two recent candles touching the band's lower edge, suggesting selling pressure. The MACD analysis further solidifies this bearish outlook. Its line crossing below the signal line typically hints at a possible downward...

September 22, 2023By Forex NewsRead more...

EURJPY analysis for 21.09.2023

The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.• There is a...

September 21, 2023By Forex NewsRead more...

AUDNZD analysis for 20.09.2023

The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.• There is a...

September 20, 2023By Forex NewsRead more...