NZDUSD renews a three-week high around 0.6500 after the RBNZ confirmed the widely anticipated 0.50% rate hike. The upside momentum takes clues from the early-week break out of a downward sloping trend line from the April peak and the 20-DMA, around 0.6385-80. Also keeping the bulls hopeful is the RSI (14) conditions, firmer but not overbought.
That said, a...
Bank of Canada (BOC) is up for the first rate-hike since 2017 but the markets are have already priced in a 0.25% lift to the benchmark rate, which in turn may not entertain the USDCAD bears until forward guidance appears hawkish. Technically, 100-EMA and 200-EMA offer strong supports near 1.2660 and 1.2640 to limit the quote’s short-term downside. If the pair...
AUDUSD holds onto Friday’s recovery moves from a three-week-old support line around the 100-DMA as Aussie traders brace for the RBA monetary policy meeting. Although Australia’s central bank has been dovish of late, any hints of a tighter monetary policy for the future may allow the AUDUSD prices to extend the latest run-up beyond the 100-DMA level of 0.7240. Even...
1. Today we'll discuss another stock which is CENTRAL BANK.
2. Today Date is 07-09-2021.
3. Currently stock is trading at 20.75 which is shown in candle chart.
4. There is short term Technical Target 24.20 which is shown in image above, which is approximately 16.70% gain.
5. How much time it takes to reach target, according to my analysis, it...
GBPUSD bears the burden of the US dollar rebound and the pre-BOE anxiety during the early Super Thursday. Although the Bank of England (BOE) policymakers aren’t expected to alter monetary policy, the widely anticipated dovish tilt in contrast to the Fed’s tapering woes seems to weigh on the quote of late. Even so, the bullish chart pattern keeps buyers hopeful....
Central Bank - Long
Buy : ₹ 26.5 - ₹ 24
Target: ₹ 29.55, ₹ 32
Support: ₹ 24.6, ₹ 23.05
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I am NOT a SEBI registered consultant/Advisor. It is completely...
NSE:CENTRALBK might seem bullish and I hope it does keep it that way.
PSU Banks have been destroying wealth past decade now.
Can they turn around this story?
Note: This is for educational purpose only.
There seems to be a bullish engulfing with high volume at support of the channel. A bullish breakout is seen on RSI as well. RSI is 54 which is not yet in bullish zone. RSI is in neutral zone.
