EUR/USD Struggles Below 1.0500 Amid USD StrengthEUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is weighed down by the U.S. dollar's ongoing recovery, fueled by conflicting statements from President Donald Trump regarding tariffs. This has kept EUR/USD capped below the 1.052 resistance, marked by two previous peaks.
📉 Technical Outlook:
Short-term bullish support remains at 1.046, but upside momentum is uncertain.
The pair is fluctuating around EMA 34 and 89, showing signs of confluence.
A break below 1.046 could signal further selling pressure, with lower targets in focus.
💡 Will EUR/USD break through this support level, or will buyers defend the trend? Share your thoughts!
1-BUY
XAUUSD : Gold Prices Plummet Amid Market Uncertainty. Gold witnessed a significant decline today, plunging 400 pips to $2,877 per ounce, compared to $2,917 per ounce at the same time the previous day. This sharp drop within a short period reflects unexpected market movements in the global gold landscape.
The primary catalyst behind this steep decline stems from conflicting statements by U.S. President Donald Trump regarding tariff policies. He announced plans to impose tariffs on a wide range of goods, including an additional 10% tariff on Chinese imports, a 25% tariff on automobiles and certain European goods, and a 25% tariff on imports from Mexico and Canada, set to take effect on March 4.
These controversial remarks have fueled uncertainty, sparking concerns over the global economic outlook amid escalating trade tensions. As a result, investors rushed to offload gold holdings, seeking to secure profits and protect their capital from potential risks. This mass selling pressure led to a dramatic drop in gold prices within a short time frame.
Given the current landscape, gold is expected to remain highly volatile, particularly as U.S. tariff decisions continue to shape market sentiment and investor behavior in the coming days. Stay cautious and watch key levels closely!
XAUUSD : Bearish Momentum & Triple Top Formation Gold continues to decline within a well-defined descending channel, trading around $2,912 at the time of analysis. The market has formed a triple top pattern, indicating potential further downside if the price fails to break above resistance.
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
EUR/USD: Continuing to Seek New HighsHey traders, what are you expecting from EUR/USD? Will it rise or fall?
From my perspective and analysis, it wouldn’t be surprising if EUR/USD continues to rise. The pair is moving around 1.050 and is strongly supported by the parallel price channel maintained by buyers.
EUR/USD’s target is further reinforced as it remains above the EMA 34 and 89 levels. As long as the price channel is protected, the strategy remains to buy when the price increases. The condition for this strategy is that the lower boundary of the channel must hold, and the 1.052 resistance must turn into support.
What about you? Do you agree with my view? Share your thoughts in the comments!
USD/JPY Consolidating Near Resistance – Reversal or Breakout?Currently, USD/JPY is moving within a horizontal consolidation zone, fluctuating around 150.39. The pair has seen a moderate recovery but remains within the descending trendline resistance.
Key Resistance at 152.13 – This is a crucial level to watch. If the price fails to break above this zone, sellers may step in aggressively, reinforcing the downtrend.
Additionally, the Exponential Moving Averages (EMA 34, 89) continue to indicate a bearish trend, suggesting that this short-term upward move might soon lose momentum.
GBPUSD TODAYGBP/USD has lost its bullish momentum from the previous session, slipping below 1.2650 as the US dollar regains strength. A surge in US Treasury yields, coupled with the House of Representatives approving the Republican Budget Plan, has added downward pressure on the pair, preventing any significant breakout. For now, GBP/USD remains trapped in a sideways range between 1.261 and 1.268, awaiting fresh catalysts for direction.
USD/JPY Extends Its Downtrend – Sellers in ControlUSD/JPY continues to extend its downtrend, trading around 149.455, and remains restricted within a parallel price channel.
The U.S. dollar remains weak in the market, making it difficult for USD/JPY to find any recovery momentum. From a technical perspective, the pair has yet to show signs of a strong reversal, as the EMA 34 continues to trend downward with no sign of ending.
Bearish market sentiment persists, keeping selling pressure high and extending USD/JPY’s losing streak.
From a personal standpoint, as long as sellers defend the price channel, selling strategies remain a priority. What about you?
EUR/USD Continues Its DowntrendHello traders! Let’s analyze EUR/USD and see where it might be headed next.
Currently, EUR/USD is extending its bearish momentum, trading near 1.0400 within a well-defined downtrend channel. The pair remains under pressure as the U.S. dollar gains strength, driven by hawkish signals from the Federal Reserve, reinforcing expectations that interest rates will remain high. Additionally, weak European economic data and market uncertainty have further weighed on the euro.
Technical Outlook:
The pair broke below key support and is now consolidating within a demand zone.
A potential pullback to 1.0429 (Fibonacci retracement & trendline resistance) could offer a selling opportunity if price fails to break higher.
If the bearish structure holds, EUR/USD could drop further towards 1.0360 and beyond.
XAUUSD : Fake Breakout or Trend Reversal ?Gold experienced a sharp decline, briefly breaking below key support levels and hitting a low of $2,896 before rebounding. The sudden drop caused high volatility, but buyers quickly stepped in, pushing the price back toward the previous consolidation zone. It is now trading around $2,925.
Currently, gold is attempting to re-enter the price range of $2,920 - $2,950. If the price fully recovers and trades within this range, it could confirm a fake breakout, signaling that the bullish trend remains intact.
Looking ahead, if gold successfully stabilizes above the lower boundary of this range, we might see another attempt to break above $2,950, potentially aiming for new highs. However, failure to hold above key levels could trigger renewed selling pressure.
📌 Key Levels to Watch:
Support: $2,895 - $2,924
Resistance: $2,940 - $2,950
EUR/USD Had to Reverse After Facing 1.0500 ResistanceFX:EURUSD had to turn back when facing the 1.0500 resistance level. The euro’s weakness was mainly due to the strong recovery of the U.S. dollar, despite weak U.S. PMI data. However, this weakness was mitigated as support zones remain strong and active.
As seen on the chart, FX:EURUSD formed a new high, surpassing the previous peak. If this is not a false breakout, the pair has all the necessary factors to push higher in the near future (including an upward trendline, EMA 34 and 89 reversal, and a series of higher highs and higher lows).
However, in the short term, it needs to retest and accumulate more momentum, with support at 1.0460 and 1.0410 providing a crucial foundation.
Looking ahead, we should pay attention to key economic events that may impact FX:EURUSD including economic reports from the Eurozone and the U.S., as well as speeches from ECB and Fed officials. These insights could provide further clues on monetary policy and economic outlook, influencing the pair’s trajectory.
What about you? Do you think EUR/USD can sustain this uptrend?
XAUUSD : Is the Rally Set to Continue ?Hello everyone! It’s great to be back for another discussion on gold prices today.
Currently, gold continues to hold its bullish momentum, trading around $2,950, with a slight pullback that is not a major concern. This uptrend is driven by strong safe-haven demand, as investors remain wary of a global trade war, following President Donald Trump’s new tariff threats. Additionally, central banks continue to purchase gold, further pushing prices higher.
According to Goldman Sachs, gold could reach $3,200 by the end of this year. The primary reason behind this forecast is strong demand from central banks and investors seeking safe-haven assets, amid global economic uncertainty and new U.S. tax policies.
📉 Short-Term Outlook:
On the charts, gold remains capped below the $2,955 resistance level. The metal must break through this level to establish any meaningful upside momentum. Key support levels to watch include the EMA 34 and 89 signals, along with the $2,935 support zone.
💬 What do you think? Can gold continue its rally, or will we see a short-term correction?
GBP/USD Short-Term DowntrendGBP/USD is declining in the short term, moving within a parallel descending channel. If the pair fails to break above both the channel and the 1.2680 resistance, consider a sell opportunity.
Pay attention to the 1.2610 support area, where GBP/USD may gain momentum or break lower toward the bottom limit of the channel.
Wishing you successful trades! Don’t forget to share your thoughts in the comments!
PARAGMILK By KRS Charts24th Feb 2025 / 11:42 AM
Why PARAGMILK?
1. Fundamentally Undervalued Stock with Good Financial figures. 🎯
2. Technically, Wave counts wise It is in last leg of correction.🔥
3. After Wave count it is showing Higher Low as per Dow Theory. ✅
4. +OB with FVG is visible, most importantly reversal is confirmed by Green Candle from 50% Encroachment. 📈
5. RSI is above 40. which is good for swing Trade buy side.
Expected Target Short and Med T is posted in Chart 👆
SL as per Closing basis in 1D.
SDBL - SOM DIST & BREW BY KRS Charts13th Feb / 10:22 AM
Why SDBL??
1. All over Bullish Stock currently in consolidation.
2. Yesterday shown Fake breakdown and suddenly bounce back means many Sellers orders got Triggered which was below that level.
3. Today moving Upside obviously for SL hunting of those sellers.
4. Stock will move upside more when price reaches green line on as we can see in Chart.
Expecting Upside move due to SL hunting in SDBL.
Vani Commercial - Bullish Pennant Breakout- 3 rising methodsIt has formed bullish pennant breakout with three rising methods candlestick patterns on the monthly chart. On weekly it shows a VCP Pattern with Higher high, Higher low with 50 MA as support and overall, 3 years of consolidation can be seen.
Hopeful of showing a good move in the upcoming months specially in February
CMP: 12.70
Target 1: 15.70
Target 2: 18.00
Stop Loss: 10.70
Disclaimer: Trade at your own risk
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
SOUTHBANK By KRS Charts2nd Jan 2025 / 1:05 PM
Why SOUTHBANK ❓
1. Fundamentally Stable Company ✅
2. Wave Count seems like 4th Wave is about to Finish. 👍
3. Currently taking support on 100 EMA 1W Timeframe with Bullish Doji candle.
4. Descending Flag Pattern Breakout with Retest with bullish trait 📈
Initial Target - ~34 Rs.
SL 1W Closing below 100 EMA
LAURUS LAB By KRS ChartsDate: 21st Aug 2024
Time: 9:32 AM
Why Laurus Lab?
1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling.
2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞
3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF.
Lauras Lab is at better price at this level with Future Targets of 525 and 605.
SL would be flexible Weekly Closing Below 100EMA
Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
ADANI WILAMR by KRS Charts5th Nov 2024 / 9:22 AM
Why AWL ❓❓
1. Decent Fundamental and Corrected Stock Technically.
2. Even its Correcting since long time, it made HL in monthly Timeframe. Which is good sign.✅
3. Clearly 5 Wave Correction Structure is finished, One Bounce is expected till 4th Wave height from current price.
4. Upside Movement can be Sluggish it's a swing Entry so. 📈
With a Good R/R more than 1:3 Target will be 509 Rs.
with SL of 285 Rs Daily Closing Basis.
Lupin Stock Analysis: Strong Fundamentals & Bullish setup.FUNDAMENTALS & TECHNICAL ANALYSIS
⬇️⬇️
Fundamental Analysis:
1. Earnings per Share (EPS):
• Q3 2024 EPS estimate is 17.29 INR, and the reported values for the prior quarters (Q4 ’23, Q1 ’24, Q2 ’24) have consistently beaten estimates with surprises ranging from 11.08% to 41.55%.
• This indicates strong financial performance and the company’s ability to exceed market expectations.
2. Revenue:
• Reported revenue for Q1 ’24 and Q2 ’24 surpassed estimates with 5.37% and 2.38% surprises, respectively.
• The company is expected to generate 56.45B INR in revenue for Q3 ’24. This suggests consistent growth, which is a positive indicator for long-term investors.
3. Conclusion from Fundamentals:
• Strong EPS growth and consistent revenue beats show that the company is performing well financially.
• With upcoming reports due in February 2025, further positive earnings surprises could lead to upward momentum.
Technical Analysis
1. Current Price Action:
• The stock is trading near 2,140 INR, approaching key fair value gaps (FVG) at 2,150 INR (1D FVG) and 2,273.45 INR (higher target zone).
2. Support & Resistance:
• Major support zone is near 1,985.90 INR (Daily Low).
• Resistance zones lie at 2,218.30 INR, 2,273.45 INR, and the Daily High of 2,313.20 INR.
3. Market Structure:
• There is a change of character (Choch) on the chart, suggesting potential bullishness if it sustains above 2,150 INR.
• The stock may consolidate slightly before moving towards the higher resistance zones.
4. Short-term Prediction:
• Likely to test 2,273.45 INR in the near term if the bullish structure holds.
• A break below 1,985.90 INR would invalidate the bullish setup.
Conclusion:
• Investment Decision:
• Buy: Based on strong fundamentals (earnings and revenue growth) and a bullish technical structure, the stock looks promising for swing trading or medium-term investing.
• Entry Point: Around 2,140-2,150 INR, aligning with the technical FVG and support zones.
• Target: 2,273.45 INR (short-term) and 2,313.20 INR (medium-term).
• Stop Loss: Below 1,985.90 INR to manage risk in case the bullish structure fails.
DISCLAIMER ▶️ THIS IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING
IDFC FIRST BANK by KRS Charts5th Nov 2024 / 2:34 PM
Why IDFCFIRSTB ❓❓
1. First thing BULLS COUNTER ATTACK visible after correction.
2. Previous Gap got filled last Candle.
3. On higher TF Price is at Old Support zone.
4. Swing Entry Due to B.C. Attack setup what it means, mentioned in Chart.
Target - 86 Rs & 100 Rs.
SL 1D Closing - 63.80 Rs.
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM
Why IRCTC ❓❓
1. Fundamentally Good Company. 💪
2. Technically, it was already Entered in Golden Reversal Zone. 🔅
3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal.
4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level.
5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence.
Targets & SL is in Chart
PRECISION CAMSHAF NSE By KRS ChartsDate : 23rd May 2024
Time : 1:08 pm
Fundamentally Profitable Company Precision Camshaf is showing bullish trait.
--> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point.
---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern.
Very First Upside Target is 333 Rs which is height of flag , Further Targets will be after price reach T1.
Thank You!
Have A Good Day!