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A-trend

EURUSD remains vulnerable to further downsideEURUSD licks its wounds around a two-year low during a cautiously optimistic Asian session on Wednesday. In doing so, the major currency pair takes a U-turn from the 61.8% Fibonacci Expansion (FE) of February-April moves. However, a downward sloping trend line from March 31 challenges the quote’s corrective pullback near 1.0830 ahead of a broad resistance zone surrounding 1.0930-60 comprising 200-SMA and multiple levels marked in the last one month. Even if the quote manages to cross the 1.0960 hurdle, a 10-week-old descending resistance line near 1.1075 will be crucial for buyers to watch. On the contrary, the 61.8% FE level near 1.0750 restricts the immediate downside of the EURUSD pair ahead of April 2020 lows near 1.0730-25. Should the quote drop below 1.0730, the 1.0700 round figure and March 2020 bottom surrounding 1.0635 will lure the pair bears. It’s worth noting, however, that the RSI conditions aren’t supporting a no-break south-run and hence intermediate pullbacks can’t be ruled out. Overall, the EURUSD rebound remains elusive until crossing the 1.1075 level
Short
by MTradingGlobal
AUDUSD sellers attack 0.7365-60 support zone on China dataAUDUSD renews its monthly low during early Monday as mixed data from the biggest customer China joins the risk-off mood. However, a five-week-old horizontal support area surrounding 0.7365-60 tests the pair sellers. Adding to the downside filters is an upward sloping trend line from late February, around 0.7310 by the press time. It should be noted, however, that a clear downside break of the 0.7310 will need validation from the 0.7300 threshold before directing bears toward the early March swing low. On the contrary, the 200-SMA level of 0.7410 guards the quote’s recovery moves ahead of the 100-SMA, at 0.7485 at the latest. During the quote’s successful break of 0.7485, AUDUSD could aim for 0.7540 and the 0.7600 resistance level. Moving on, successful trading past-0.7600 enables the Aussie pair to renew the yearly top close to 0.7665 by approaching the 0.7700 round figure. It should be noted that oversold RSI and multiple key supports to the south can challenge the bears going forward. However, sour sentiment and a clear break below the key SMAs keep sellers hopeful.
by MTradingGlobal
FINCABLESWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:FINCABLESLong
by Rvkachhadiya
Gold buyers need validation from $1,980Gold refreshed its monthly high as strong US inflation underpins the safe-haven demand for the metal. In doing so, the bullion also justifies late March’s rebound from 61.8% Fibonacci retracement of January-March upside, as well as the ability to stay beyond the 21-DMA. However, the precious metal is yet to cross a seven-week-old horizontal resistance zone, around $1,975-80, which in turn requires the bull’s caution. Also acting as an extra upside filter is the 23.6% Fibo level surrounding $2,001, a break of which will highlight the latest peak of $2,070. Meanwhile, the 38.2% Fibonacci retracement level near $1,960 and the 21-DMA of $1,937 could test the short-term sellers of gold. However, the bulls remain hopeful until the quote stays beyond the 61.8% Fibonacci retracement level around $1,891. Should the commodity drop below the key Fibo level, late January’s swing high around $1,853 and the $1,800 threshold can offer additional support to the prices before directing them to the yearly low of $1,780. Overall, gold buyers are in the form but they must overcome the crucial barrier before eyeing further ruling.
OANDA:XAUUSD
by MTradingGlobal
1
PAYTM -- NEXT TREND - APRIL 2022PAYTM - HOURLY CHART --- NEXT TREND -- APRIL 2022 1. stock consolidate around 520 - 580 level last few days 2. at consolidation double bottom formation seen around bottom level 520-522 level 3. stock closing at near trendline last closing session at resistance area 575-580 once stock close above 585 level that will be trendline breakout as well as resistance breakout also, can go long above 585 for target 650 -750 if stock fails to break above and close resistance then it may fall to support level 520 bellow 520 will be again bearish trend 4. 1 sign of bullish fvr is stock has seen MA SMA crossover at 540 level then has upmove till now last daily candle is strong bullish 5. another sign in bullish fvr is price oscillator went above 0 line 6. overall view is wait for resistance breakout above 585 and see candle close above it and go long . ! ** this idea is for Educational purpose ..!! HAPPY TRADING !
NSE:PAYTM
by champtrade111
7
EURUSD bears eye 1.0800 ahead of US inflationEURUSD fades Friday’s rebound ahead of the key US Consumer Price Index (CPI) data for March. Steady RSI and bearish MACD signals also support the bearish bias. That said, the 1.0845-35 region offers immediate support to the currency major ahead of directing it to the latest multi-month low surrounding the 1.0800 threshold. In a case where EURUSD bears remain dominant past 1.0800, the 61.8% Fibonacci Expansion (FE) of February-March moves, near 1.0755, will be in focus. On the flip side, 23.6% Fibonacci Retracement (Fibo.) and 21-DMA, respectively around 1.0970 and 1.0990, restrict the short-term recovery of the EURUSD pair. However, bulls remain cautious until the quote stays below the 50-DMA level of 1.1125. Also acting as an upside filter is the previous month’s peak around 1.1185. It’s worth noting that the pair’s successful trading above 1.1185 enables the buyers to retake control. Overall, US inflation data is likely to exert downside pressure on the EURUSD prices.
Short
by MTradingGlobal
Paytm?? What to do buy sell hold ?? New positions ??I would advise my audience to buy Paytm at this price for a short term. NOTE- I WOULD NOT BE RESPONSIBLE FOR YOUR LOSS OR GAIN!.. JUST A ANALYSIS PRESENTED IN FRONT OF YOU..PLEASE CONSULT YOUR FINANCIAL ADVISOR AND THEN INVEST ACCORDINGLY ELSE ANALYSE BY YOURSELF AND TAKE YOUR ACTIONS ACCORDINGLY. Short term targets- 804(In a few days maybe next week) Second target - 904(can take a while) Last target - 1000 (probably) -Thank you- Aditya Sharma Age - 15
NSE:PAYTMLong
by nsqJOH
1
KEC Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:KECLong
by Rvkachhadiya
LALPATHLABWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
LLong
by Rvkachhadiya
EURUSD bears take a breather with eyes on 1.0760A one-month-old horizontal area probes EURUSD bears amid oversold RSI conditions, portraying a corrective pullback towards the late March low near 1.0945. However, a convergence of the 50-SMA and 100-SMA, as well as bearish MACD signals, can challenge sellers afterward. In a case where the SMA confluence fails to stop buyers, 1.1120 and the last monthly peak surrounding 1.1185 will act as validation points before giving reins to the bulls. On the contrary, fresh selling should wait for a clear downside break of the aforementioned horizontal support around 1.0885-80. Following that, the yearly low near 1.0800 will be quick to return to the charts. Though, the 61.8% FE of February-March moves near 1.0760 could test the EURUSD bears afterward. If at all the pair refrains from bouncing off the 61.8% FE level, the year 2020 bottom surrounding 1.0635 will be in focus.
Short
by MTradingGlobal