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EUR/USD Eyes Resistance at 1.0350 Before Potential DowntrendThe EUR/USD pair is currently consolidating near the 1.0300 level after a minor recovery, with the price testing the 0.618 Fibonacci retracement level at approximately 1.0320. The 4-hour chart reveals a bearish structure, as the price remains below both the EMA 34 and EMA 89, which act as dynamic resistance zones. Key technical levels to monitor: Resistance Zone: The price faces strong resistance near 1.0350–1.0430, marked by a confluence of the EMA 89 and the upper resistance zone (highlighted in red). A rejection from this level could signal a continuation of the downtrend. Support Levels: Immediate support lies at 1.0250, with a major support zone at 1.0170. If the price breaks below 1.0170, the 1.618 Fibonacci extension at approximately 1.0020 (highlighted in blue) becomes the next critical target. Projected Movement: The price may attempt to retest the 1.0350–1.0430 resistance zone before resuming the downtrend. Failure to break higher would increase the probability of a move towards the 1.0170 support and potentially lower. Trading Strategy: Short Position: Look for bearish confirmation around the 1.0350–1.0430 zone, targeting 1.0170 and 1.0020. Place stop-loss above 1.0450. Long Position: If the price manages to break and sustain above 1.0430, a reversal towards 1.0500 could be considered.
by zenieee
Gold Trading Between Key Support and ResistanceGold is currently trading around $2,671, positioned between a critical support zone and a resistance level. The market shows signs of consolidation, with a slight downward move likely to occur. The support zone near $2,664 remains a crucial level for buyers. Recent price action suggests strong interest from bulls at this level, preventing further declines. However, if this support fails, the price could drop, potentially testing the $2,662 area. Consider looking for buying opportunities from this support zone. On the other hand, the resistance near $2,685 has proven to be a formidable barrier. Any attempt to break above this level will require significant momentum. A breakout beyond this resistance could lead to a rally toward the psychological level of $2,700, signaling renewed bullish strength.
OANDA:XAUUSDLong
by Samantha_Morrow
1
Gold Prices Rise Amid US Inflation StabilityCurrently, gold prices are trading around $2,678/ounce, up from the lows of the previous session. The increase was largely supported by US inflation data showing a stable trend with CPI remaining at 3.3% over the past three months. This has reduced the upward pressure on the USD, as the USD Index lost strength after a prolonged rally. Technically, on the daily chart (D1), gold prices are moving above both the EMA 34 and EMA 89, indicating that the uptrend is still intact. However, with strong resistance near $2,690, the market will need more momentum to break this zone. Otherwise, gold prices may correct to the support zone at $2,660. In addition, the producer price index (PPI) in December 2024 slightly decreased compared to expectations, adding confidence to investors who expect the US to loosen monetary policy in 2025. Trading strategy: Buy when the price retests the support of 2,660 USD, set short-term target at 2,690 USD and medium-term target at 2,720 USD. Stop loss below the 2,650 USD area to preserve capital in case the market reverses.
OANDA:XAUUSD
by zenieee
2
Is the Bearish Trend Continuing?The EUR/USD pair is currently trading at $1.0244, continuing to face strong selling pressure after failing to sustain above the resistance at $1.0300. The chart shows that the downtrend is still in place, with the price below both the 34 and 89 EMAs, and there is a bearish crossover between the two lines – a negative signal. The downtrend line connecting the lower highs continues to act as a strong dynamic resistance. The $1.0300-1.0330 price zone is a key resistance area, and only a breakout above this area can the uptrend resume. On the contrary, the support zone at $1.0200 is under threat. If the price breaks this level, the next target will be the $1.0150 zone, and even deeper towards $1.0100. RSI: Currently at 31.28, near oversold territory, suggesting that selling pressure may have temporarily dried up. However, the fact that RSI has not bounced strongly into the 40-50 zone suggests that the upside momentum, if any, will be weak and corrective. For now, I am leaning towards a break of the $1.0200 support level, due to selling pressure from fundamentals and technicals. However, it is important to watch the price reaction at this support level carefully. If there is a bullish divergence on RSI or a strong reversal candle, this could be an opportunity for short-term buy orders. The focus to watch is the $1.0300 zone – if it fails to break, the downtrend will continue to dominate
by jennie_hyun
Is the Uptrend Continuing?On the 4-hour chart, gold is currently trading around $2,689/ounce, after peaking at $2,697/ounce. The recent rally is supported by the 34-EMA and 89-EMA, as the price continues to hold above both of them. This is a sign that the uptrend is still intact. However, the $2,690-2,700/ounce price zone is acting as a strong psychological resistance. Recent candles show a pause in the rally, as profit-taking pressure has begun to emerge. If the price breaks above $2,700/ounce, the next target will be the $2,720-2,740/ounce zone – these are the highs in the past. On the contrary, if it fails to overcome this resistance level, gold may turn down to test the important support zone at $2,660-2,670/ounce, where the EMA and technical support levels converge. Fundamentals: The slight weakening of the USD in recent sessions has been the main driver for the sharp increase in gold prices. Any signal from the Fed on the possibility of future interest rate hikes could put pressure on gold prices. Safe-haven demand continues to increase, due to uncertainties from major economies such as the UK and China, along with concerns about global inflation. Currently, I am inclined to the possibility that gold prices can break out to higher levels, based on strong momentum from technical indicators and increased demand for gold. However, it is necessary to carefully monitor developments at the $2,700/ounce resistance zone, as this could be the area that determines the short-term trend of gold prices.
OANDA:XAUUSDLong
by jennie_hyun
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 🎇
NSE:LAURUSLABSLong
by KRSCharts
2
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.
NSE:AWLLong
by KRSCharts
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
NSE:LUPINLong
by Trade_lyst
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
NSE:IRCTCLong
by KRSCharts
Gold Prices Drop Under Pressure From US Economic DataOn the 4-hour chart, gold prices have just experienced a sharp decline, currently trading around $2,602/ounce, after falling sharply from a recent high of $2,659/ounce. This weakness comes from the stronger-than-expected US retail sales data, reaching 0.7%, increasing the possibility of the Fed delaying its interest rate cut plan. Currently, gold prices have fallen deeply below both the 34-EMA and 89-EMA, indicating that the short-term downtrend is dominant. The nearest important support zone is located at $2,580, and if this level is broken, the price may continue to decline to the $2,550 area. On the contrary, the current important resistance zone at $2,620 will need to be overcome to create recovery momentum. I believe that gold prices will continue to face downward pressure in the short term, with the possibility of testing the support zone of $2,580. However, the upcoming FED meeting will play an important role in determining the long-term trend. Investors should carefully monitor the signals from the market.
OANDA:XAUUSD
by lilybyred
EUR/USD Continues Downtrend After Key BreakOn the 4-hour chart, the EUR/USD pair broke the key support at 1.0450, confirming the continuation of the downtrend. After the breakout, the price had a slight recovery but did not have enough momentum to break above the 1.0450 area, which has now become a strong resistance. The pair is below both the 34 EMA and 89 EMA, indicating that the downtrend is still dominant. The next support zone is at 1.0350, and if this level is broken, the price is likely to continue falling towards the 1.0300 area or lower. I expect the price to continue falling in the coming sessions. The short-term target is the 1.0350 area, and if selling pressure continues to increase, the pair could test the 1.0300 area.
by lilybyred
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!
NSE:PRECAMLong
by KRSCharts
SAKAR HEALTHCARE By KRS Charts13th September 2024 / 9:49 AM Why SAKAR❓ 1. First sign that attract me was SAKAR is in Bullish Trend making HHs and HLs since listed. ⬆️ 2. SAKAR is currently reacted to be bullish again from 100 EMA support in 1W TF. also in 1D TF 100 EMA is Just Underneath 👌 3. Fortunately, it reacted to be bullish within that 0.5 to 0.618 fibbo zone. ⚡ 4. Bullish Continues Divergence is also supporting SAKAR to be bullish. ✅ SL is Flexible, in 1W TF until closing below 100EMA line. Target so far I'm expecting is New All Time High point
NSE:SAKARLong
by KRSCharts
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM Why SARLAPOLY ❓ 1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈 2. Fundamentally Good company with less than 15 P/E. 💪 3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕ 4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪 5. Today giving 15 % Upside move with Strong Volume is confirmed Entry. ✅ Target is expected 145 Rs in Medium to long Term With SL of 78 Rs 1W Closing basis.
NSE:SARLAPOLYLong
by KRSCharts
2
EUR/USD Unexpected DropThe EUR/USD currency pair has been showing significant volatility recently, with the current trend being bearish, as it has broken above both the 34 and 89 EMAs. This indicates an increase in selling pressure, with the current price at 1.05240, lower than the previous days, and approaching the important support level at 1.05000. Notably, there is also a gap on the chart, indicating a sudden interruption in trading, which is often a sign of sudden important news or events. Personal opinion: In the current context, although the bearish trend may be worrying for many investors, I believe that this could also be an opportunity to buy at low prices if the euro starts to recover. The fact that the price is currently below both EMAs could further deepen the downtrend, but this could also lead to a strong recovery if there are supporting factors from economic data or from the policies of the European Central Bank.
by Maria_aaa
How to Navigate Gold Investments in the Current Context?In recent days, gold prices have seen a significant decline, currently at $2,630/ounce, down to $18. This reflects clear pressure from investors as they see that US inflation is not yet "hot" enough to expect an early interest rate cut from the Fed, although the core personal spending index has increased by 2.8% over the past 12 months. In correlation with strong economic indicators and current geopolitical sentiment, gold may no longer be the safe haven it has always been. Looking at the chart, it is clear that gold prices are struggling to maintain the important support level at $2,640, which was clearly broken in the recent trading session. Technical analysis shows that gold is trading below both the 34 EMA and the 89 EMA, which suggests that the short-term downtrend could continue. However, this also opens the door for a price recovery if there are unexpected positive economic signals. My personal short-term view is that gold prices may continue to be under downward pressure. Stronger-than-expected US economic data and no signs of a change in the Fed's monetary policy are the main factors that are putting pressure. However, in the long term, I remain optimistic about the value of gold as a safe investment, especially in the context of central banks around the world such as Poland and Hungary actively buying gold as a hedge against geopolitical uncertainties.
OANDA:XAUUSD
by Maria_aaa
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low. Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
Long
by Vanna-Cris
EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level. Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000. Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower. News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
by Vanna-Cris
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline. The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue. I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
by Maria_aaa