Currently, GBPUSD is trading around 1.31552 USD after breaking out of the descending price channel. The key resistance at 1.32112 USD presents a significant challenge for the upward trend.
The EMA 34 and EMA 89 lines indicate that the short-term upward trend remains intact, though a correction may occur as the price reaches this resistance level.
Upon hitting...
During Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570.
If the price holds above this level, it could see a recovery towards the resistance at 141.007.
EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively.
If USD/JPY breaks above the resistance at...
Gold (XAUUSD) is currently trading around 2,577 USD, facing strong resistance at 2,588 USD.
If it fails to break through this level, the price may correct down to the support zone at 2,530 USD.
The 34 EMA and 89 EMA, located at 2,551 USD and 2,524 USD respectively, are providing support for the bullish trend.
If the price holds above support, gold may continue...
Gold has now surpassed its previous record high of $2,570 an ounce, supported by strong expectations of a Fed rate cut. However, higher-than-expected US consumer price data has reduced the likelihood of a 50 basis point rate cut this month, although the market still expects a 100 basis point cut by the end of the year. Gold is considered a “safe haven” amid the...
11th Sept 2024 / 1:24 PM
Why HIKAL?
1. Bird View, After Retraced till 0.88 fibbo level making significant HHs HLs.
2. HHs HLs has formed with Accumulation / Cup at 0.88 to 0.786 level + Breakout Today with huge Volume.
3. Cup & Handle is also Visible so set my Targets accordingly,
Which are T1 - 477 Rs Short Term,
T2 - 524...
GBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653.
The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232.
The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form.
Economic news from...
17th Sept 2024 / 3:11 PM
Why SAHYADRI ❓
1. First of all, it has Decent Fundamentals not in an expensive stock at CMP. 👍
2. Complete Range Bound and currently near its bottom support and strongly reacting with Bullish Engulf in 1D and Morning Star in 1W.
3. It's a Swing trade so Risk/Reward will be preferable with SL of 333 Rs in 1D Closing TF....
The USD/JPY pair on the 4H timeframe is currently showing some interesting price action signs. Looking at the chart, the price is below both important EMAs (34 and 89), which is a signal that the bearish trend is still dominant.
Firstly, the divergence between the EMA 34 and EMA 89 is widening, suggesting that the market does not have enough momentum to make a...
The GBP/USD chart currently shows a buy signal as the EMA 34 crosses above the EMA 89, reflecting a strengthening short-term uptrend. The key support at the EMA 89 could provide support for the price if there is a correction, while a breakout above the recent high could trigger a strong buying wave, pushing the price higher.
The EUR/USD chart shows that the 34 EMA has crossed above the 89 EMA, a bullish sign that is often seen as a buy signal. The major resistance at 1.1127 is being tested, and if it is cleared, the price could climb higher. On the other hand, a key support level is located at 1.1050, so any dips should be watched closely.
The EUR/USD chart is currently showing some positive short-term action, with the price recovering from recent support and approaching a previously identified key resistance zone. Specifically, the chart shows the price trading around 1.11042, with a slight bullish trend from the lower support. This recovery includes a series of green candles, indicating that...
On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold.
Technical analysis on the 4-hour chart shows that gold prices...
XAUUSD is trading around 2,578 USD after breaking through a key resistance level.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the...
BTCUSDT is trading around 58,081 USD, facing strong resistance at 59,553 USD (EMA 34) and 60,700 USD (EMA 89).
The MACD shows that the downward momentum is weakening, suggesting a potential short-term rise.
If BTC breaks the 60,662 USD level, the next target could be 58,050 USD. Conversely, if it fails to break through, the price may return to the key support at...
The EUR/USD 4-hour chart shows a clear downtrend, with lower highs (LH) and lower lows (HL), indicating a downtrend. However, recently, the price has shown signs of a minor recovery, especially after touching the strong support area around 1.1000.
The Fibonacci levels drawn from the recent high to the recent low indicate that the price is attempting to break the...
In the recent trading session, gold prices recorded a strong growth, breaking through several important resistance levels, and are now approaching the new red resistance zone on the chart. With this increase, gold prices have the potential to challenge higher levels in the near future, supported by several technical and macro factors.
The 34 EMA and 89 EMA are...
GBPUSD is trading around 1.31449 USD after recovering from the support level at 1.30302 USD, facing resistance at 1.32180 USD.
The EMA 34 and 89 lines indicate that the upward momentum is still intact, but a short-term correction is possible.
If the price fails to break through this key resistance, it could drop to the minor resistance at 1.31043 USD, and then...
On the chart, we can see a clear bearish trend in the USD/JPY pair. The 34 EMA and 89 EMA indicate a bearish bias as the 34 EMA has crossed below the 89 EMA, which signals increasing selling pressure. In the current scenario, the price is moving within a bearish channel, with lower highs and lower lows, which further reinforces the current bearish trend.
The...
