Get started

Beyond Technical Analysis

USDCHF View!!The USD/CHF is trending higher today after hitting its lowest level of 2024 on Friday, followed by a strong rebound. The price action has seen the pair move above the 100-hour moving average at 0.8464 and the 200-hour moving average at 0.8470. Staying above these levels would give buyers some control, at least in the short term. On the upside, the next target is the 100-bar moving average on the four-hour chart, which comes in at 0.8505. Beyond that, the 38.2% retracement of the move down from the August high is at 0.8516. Additionally, there is resistance at 0.8536, where a double-top formed during last week's trading on Monday and Tuesday.
Short
by FXBANkthe8055
GBPJPY View!!In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a preliminary 0.8% on quarter, or an annualized 3.1%, as consumption and business investment picked up after having been hit by suspended output at Toyota group factories over a safety test scandal, Cabinet Office data released this month showed.
Long
by FXBANkthe8055
XAUUSD View!!The recent disinversion of the closely watched two-year, 10-year Treasury yield curve is a sign that an economic downturn is getting closer, a signal that investors shouldn’t dismiss on the belief that things are different this time, according to JPMorgan. “While inverting the curve sends a warning ~2y in advance of bad times, disinversion has been a more urgent signal, suggesting trouble is only a few months away,” JPMorgan analysts Thomas Salopek and Maggie Zhong said in a recent report.
FOREXCOM:XAUUSDShort
by FXBANkthe8055
Nifty 50 Weekly Analysis: Key Levels, Trends As we step into this trading week, the Nifty 50 index presents a mix of both bearish and bullish sentiments, driven by recent market movements and option chain data. Here’s a comprehensive look at the possible scenarios and the trading strategies to consider. 1. Market Overview and Current Sentiment **1-Hour Chart Analysis:** Looking at the 1-hour chart, Nifty 50 has seen a recent pullback after touching highs around 25,333.65. The index faced strong resistance at the 25,252.25 level and has since been in a correction phase, breaking below the 25,000 mark. This downward movement suggests bearish sentiment in the short term, especially after breaking the support level at 25,018.60. The key level to watch on the downside is 24,338.60, which has acted as significant support in the past. **15-Minute Chart Analysis:** The 15-minute chart further confirms the short-term bearish trend. After a sharp drop below 24,900, there is some consolidation seen around the 24,850-24,880 range. However, any inability to move above the 24,988.75 level may continue to attract selling pressure. 2. Key Levels to Watch for the Week Resistance Levels: 25,018.60: Immediate resistance level, where a breakout may indicate a reversal. 25,167.35 - 25,252.25:** Strong resistance zone; crossing above this could change the market sentiment to bullish. - **Support Levels:** - **24,868.50:** Short-term support; a breakdown below could accelerate selling. - **24,338.60:** Critical support zone; breaking below this may suggest a deeper correction. ### **3. Option Chain Analysis and Sentiment** Analyzing the option chain data, we see a higher concentration of Open Interest (OI) in the 25,000-25,200 call strikes, indicating significant resistance and bearish sentiment among the call writers. On the put side, strong support is visible at the 24,500 level with substantial put OI, suggesting that bulls may defend this level. - **Put-Call Ratio (PCR):** The current PCR is moderately bullish but with cautious optimism. Traders should watch for any changes in OI shifts for directional clues. ### **4. Predicted Market Trend for the Week:** - **Short-Term Bias:** Bearish, unless Nifty decisively moves above 25,018.60. - **Long-Term Bias:** Neutral to Bullish, provided key supports hold, especially at 24,338.60. ### **5. Trading Strategies for the Week** - **Intraday/MIS Trades:** - **Bullish Strategy:** Buy above 25,018.60 with a target of 25,167.35 and 25,252.25. Stop Loss at 24,900. - **Bearish Strategy:** Short below 24,850 with a target of 24,750 and 24,600. Stop Loss at 24,988.75. Carryforward Trades: - **Bullish Positional Trade:** Enter long positions if Nifty sustains above 25,252.25, with a target of 25,400 and 25,500. - **Bearish Positional Trade:** Consider shorting if Nifty breaks and sustains below 24,338.60, targeting 24,000. ### **6. Sector Analysis for the Week** - **Banks:** Showing mixed trends; Bank Nifty could remain volatile, so focus on shorting at resistance levels. - **IT Sector:** Seems relatively stable, with some signs of consolidation. Consider buying on dips. - **Auto and FMCG: Showing resilience; long trades are suggested if the market sentiment improves. Conclusion This week, Nifty 50 is at a critical juncture with the potential for both upward and downward movements. Keeping an eye on the key levels and adopting a flexible trading strategy will be essential. Stay cautious and watch for early signs of trend changes, especially in the context of global cues and market sentiment.
NSE:NIFTY
by theithachi
Silver (XAGUSD) Weekly Technical Chart Analysis 09-13 Sept., 24📈 Silver (XAGUSD) Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 27.92 📉 Weekly Range: 1.49 🟢 Buy Above: 28.60 💼 Average Position: 28.42 🎯 Buy Target 1: 28.84 🎯 Buy Target 2: 29.41 🔵 Stoploss: 28.10 🔴 Sell Below: 28.25 🎯 Sell Target 1: 27.00 🎯 Sell Target 2: 26.43 🔵 Stoploss: 28.75 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Silver #XAGUSD #CommodityMarket #TradingSignals #TradingTips #TechnicalAnalysis #SilverTrading
CAPITALCOM:SILVER
by NumroTrader
NG (XNGUSD) Weekly Technical Chart Analysis 09-13 Sept., 24📈 NG (XNGUSD) Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 2.45 📉 Weekly Range: 0.25 🟢 Buy Above: 2.37 💼 Average Position: 2.34 🎯 Buy Target 1: 2.61 🎯 Buy Target 2: 2.70 🔵 Stoploss: 2.29 🔴 Sell Below: 2.31 🎯 Sell Target 1: 2.30 🎯 Sell Target 2: 2.20 🔵 Stoploss: 2.39 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NaturalGas #XNGUSD #CommodityMarket #TradingSignals #TradingTips #TechnicalAnalysis #NG
FXOPEN:XNGUSD
by NumroTrader
2
Gold (XAUUSD) Weekly Technical Chart Analysis 09-13 Sept., 24📈 Gold (XAUUSD) Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 2497.57 📉 Weekly Range: 57.38 🟢 Buy Above: 2507.38 💼 Average Position: 2500.61 🎯 Buy Target 1: 2533.03 🎯 Buy Target 2: 2554.95 🔵 Stoploss: 2488.25 🔴 Sell Below: 2493.84 🎯 Sell Target 1: 2462.10 🎯 Sell Target 2: 2440.18 🔵 Stoploss: 2512.97 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Gold #GoldTrading #XAUUSD #CommodityMarket #TradingSignals #TradingTips #TechnicalAnalysis
OANDA:XAUUSD
by NumroTrader
WTI Crude (XTIUSD) Weekly Technical Chart Analysis 09-13 Sept., 📈 WTI Crude (XTIUSD) Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 67.54 📉 Weekly Range: 7.16 🟢 Buy Above: 71.12 💼 Average Position: 70.28 🎯 Buy Target 1: 71.96 🎯 Buy Target 2: 74.70 🔵 Stoploss: 68.73 🔴 Sell Below: 69.44 🎯 Sell Target 1: 63.12 🎯 Sell Target 2: 60.38 🔵 Stoploss: 71.83 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #WTICrude #CrudeOil #OilTrading #CommodityMarket #TradingSignals #TradingTips #TechnicalAnalysis
FXOPEN:XTIUSD
by NumroTrader
NASDAQ 100 E-Mini Future Technical Chart Analysis 09-13 Sept.📈 NASDAQ 100 E-Mini Future Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 18458 📉 Weekly Range: 1344 🟢 Buy Above: 19170 💼 Average Position: 19012 🎯 Buy Target 1: 19289 🎯 Buy Target 2: 19802 🔵 Stoploss: 18722 🔴 Sell Below: 18853 🎯 Sell Target 1: 17628 🎯 Sell Target 2: 17114 🔵 Stoploss: 19301 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NASDAQ100 #NASDAQ #Emini #TradingSignals #TradingTips #StockMarket #USIndices
CME_MINI:NQ1!
by NumroTrader
DJI Future Weekly Technical Chart Analysis 09-13 Sept., 24📈 DJI Future Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 40310 📉 Weekly Range: 1390 🟢 Buy Above: 41120 💼 Average Position: 40956 🎯 Buy Target 1: 41169 🎯 Buy Target 2: 41700 🔵 Stoploss: 40657 🔴 Sell Below: 40792 🎯 Sell Target 1: 39451 🎯 Sell Target 2: 38920 🔵 Stoploss: 41255 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #DJI #DJIFuture #USIndices #TradingSignals #TradingTips #Index #StockMarket
U
by NumroTrader
NYSE Composite Weekly Technical Chart Analysis 09-13 Sept., 24📈 NYSE Composite Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 18663 📉 Weekly Range: 652 🟢 Buy Above: 19043 💼 Average Position: 18966 🎯 Buy Target 1: 19066 🎯 Buy Target 2: 19316 🔵 Stoploss: 18826 🔴 Sell Below: 18889 🎯 Sell Target 1: 18260 🎯 Sell Target 2: 18011 🔵 Stoploss: 19107 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NYSE #NYSEComposite #USIndices #TradingSignals #TradingTips #Index #StockMarket
TVC:NYA
by NumroTrader
S&P 500 Index Weekly Technical Chart Analysis 09-13 Sept., 24📈 S&P 500 Index Weekly Technical Chart Analysis 📅 Date: 09-13 Sept., 2024 📊 Range Trigger Point: 5393 📉 Weekly Range: 270 🟢 Buy Above: 5553 💼 Average Position: 5521 🎯 Buy Target 1: 5560 🎯 Buy Target 2: 5663 🔵 Stoploss: 5463 🔴 Sell Below: 5489 🎯 Sell Target 1: 5226 🎯 Sell Target 2: 5123 🔵 Stoploss: 5579 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #SP500 #SP500Index #SPX #USIndices #TradingSignals #TradingTips #Index
OANDA:SPX500USD
by NumroTrader
NASDAQ 100 Recession Price Analysis (Inverted Chart)- US100 is currently trading at 18,309 - We saw massive sell-offs last week in the US100 and other indices too - It's approaching crucial areas and if it doesn't respect that and if we continue to see these expansionary candles towards the downside don't expect NASDAQ to pump anytime soon every pump is going to be a sell on rise - However, before the CPI this can be a market reaction too and we can draw two conclusions from it 1) World Indices especially US Indices are factoring in bad CPI or a CPI above estimates 2) The CPI publication will be below the estimates so post that only we will see a bounce back the after 18th Sep that happens to be the FOMC rate decison
UShort
by VKtradesimbalance
PGHH - BULLISH VIEWPGHH looking like very strong It is facing strong resistance 3rd time That's way above the resistance level this week. It looks like it might be headed for a breakout Already resistance trend line breakout happened Enter@CMP 1st target@18000 2nd target@19180 Stop loss@16400 Procter & Gamble Hygiene and Health Care Ltd. engages in the manufacture and sale of consumer goods in the feminine care and healthcare businesses. It operates through following segments; Health Care Products and Hygiene Products. The Health Care Products segment comprises of ointment and creams, cough drops and tablets. The Hygiene Products segment offers feminine hygiene products and other skin care hygiene products. The company was founded on July 20, 1964 and is headquartered in Mumbai, India. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. so please keep PGHH in your watchlist for short term investment. If you like my view, do support it with a boost which is valuable inspiration for me to post ideas like this in future. thank you friends!
NSE:PGHHLong
by Ashokdyavan123