Technical Analysis 07.10.2024

EURUSD

The EUR/USD pair is exhibiting different signals across various timeframes. In the 4-hour (H4) timeframe, the RSI stands at 31.00, close to the oversold region, indicating a potential recovery signal. Volume is low at 33.241K, while the Supertrend shows resistance at the 1.10366 level. In the 1-hour (1H) timeframe, the RSI is at a neutral level of 49.05, showing no clear trend. Volume is moderate at 9.502K, and the Supertrend indicates resistance at 1.09931. Price movements appear more stagnant and directionless in this timeframe. In the 15-minute (15M) timeframe, the RSI is at 62.56, approaching the overbought zone, suggesting a potential short-term correction. Volume remains low at 731, while the Supertrend provides support at 1.09592. Overall, the pair is signaling a potential recovery in the 4-hour timeframe, while the 1-hour timeframe is neutral and trendless. Meanwhile, the 15-minute timeframe shows a short-term uptrend approaching the overbought region, increasing the likelihood of a short-term pullback.

GBPUSD

The GBP/USD pair is exhibiting varied signals across different timeframes. In the 4-hour (H4) timeframe, the RSI is at 31.82, close to the oversold region, which could indicate a potential recovery. Volume is high at 52.079K, while the Supertrend shows resistance at the 1.31830 level. In the 1-hour (1H) timeframe, the RSI stands at 40.85, near the neutral zone, indicating no clear trend. Volume is moderate at 14.517K, and the Supertrend shows resistance at 1.31214. Price movements appear neutral and lack a strong directional bias. In the 15-minute (15M) timeframe, the RSI is at 48.94, indicating a neutral zone, with volume remaining low at 1.816K. The Supertrend shows resistance at 1.30963. Currently, the price is in a short-term uptrend, but the neutral RSI suggests that a short-term correction could occur. Overall, the pair shows a potential for recovery in the 4-hour timeframe, a neutral outlook in the 1-hour timeframe, and a short-term uptrend with correction potential in the 15-minute timeframe. The Supertrend indicators highlight resistance levels across all three timeframes.

XAUUSD

The XAU/USD pair is currently showing a bullish trend across multiple timeframes. In the 4-hour (H4) timeframe, the RSI stands at 54.07 in the neutral zone, indicating that momentum is balanced, with high volume at 39.702K. The Supertrend indicates resistance at 2674.07, suggesting that the price is in an upward trend and may continue its bullish momentum if it breaks this level. In the 1-hour (1H) timeframe, the RSI is at 57.49, still in the neutral zone, while volume is moderate at 10.969K. The Supertrend shows resistance at 2659.91, indicating a similar bullish outlook with potential continuation. In the 15-minute (15M) timeframe, the RSI is at 66.36, near the overbought region, which could signal a short-term correction. Volume is low at 1.875K, and the Supertrend shows support at 2650.82. Overall, the pair is in an upward trend in both the 4-hour and 1-hour timeframes, while the 15-minute timeframe suggests a potential pullback due to overbought conditions. Supertrend indicators highlight key resistance and support levels across all three timeframes.

XAGUSD

The XAG/USD pair is currently displaying mixed signals across different timeframes. In the 4-hour (H4) timeframe, the RSI is at 53.84, indicating a neutral zone with high volume at 24.369K. The Supertrend indicates resistance at 32.284, suggesting the price is in an uptrend with the potential to continue if it breaks above this level. In the 1-hour (1H) timeframe, the RSI stands at 48.15, also in the neutral zone, and volume is moderate at 8.656K. The Supertrend shows support at 31.646, indicating a neutral stance with no clear trend. In the 15-minute (15M) timeframe, the RSI is at 52.72, again in the neutral zone, with low volume at 1.319K. The Supertrend shows resistance at 32.019. Currently, the price is in a short-term uptrend, and the neutral RSI suggests a potential continuation. Overall, the 4-hour and 15-minute timeframes indicate a bullish bias, while the 1-hour timeframe remains directionless. Supertrend indicators highlight key resistance and support levels in all three timeframes.