another gem of our fam PEL😍😘😘 for intra players. must watch pel for the day. it can give u good opportunities.
Although gold buyers are primed for breaking the five-week-old resistance line, the recent tops near $1,848-49, as well as 200-bar SMA near $1,863, stay ready to test the upside momentum. Also acting as the key resistance is the area surrounding $1,875 that comprises the late January highs. It should, however, be noted that a clear upside break of $1,875 will not...
Hit the FIB extension target of 15250 ,made all time high and the revered with heavy sell off in last one hour closing with a red small body candle closing below previous day low The pitch for top channel was hit as well. Gap support exist at 15015-40 levels The fib retracement of last two swings a 23% support at 14850 and 14750 levels The upside targets...
Alike all major currency pairs, NZDUSD also benefits from the broad US dollar weakness during the early Tuesday. In doing so, the pair buyers attack an upward sloping resistance line from January 13, currently around 0.7260. Should the kiwi bulls manage to cross the immediate hurdle, backed by upbeat MACD, the quote may not hesitate to challenge the multi-month...
Despite marking a corrective pullback from a two-month low on Friday’s mixed US employment data, EURUSD bears aren’t disappointed as the bounce fizzles on Monday. Also favoring the bears is a downward sloping trend line from January 06. It should, however, be noted that fresh selling should wait for a clear downside break of 100-day SMA, at 1.1960 now, before...
Can see multiple touches on short-term channel support. Momentum has become weak from the 15k level area of confluence. Downside probability is more. Let's see on which side it breaks the triangle! Happy Trading !!! :)
GBPUSD refreshes a two-week low on the key “Super Thursday” dominated by the Bank of England’s (BOE) quarterly moves. With the increased hopes of BOE’s hawkish comments, based on the UK’s vaccinations, GBPUSD may bounce off the key SMA support. However, the weekly resistance line near 1.3650 could restrict further recovery moves before recalling the 1.3700...
Despite no change in RBA’s interest rate announcement, AUDUSD remains depressed below a short-term bearish chart formation. The reason could be traced from the RBA statement suggesting the downward pressure on the inflation target, which in turn pushed the Aussie central bank to extend the Quantitative Easing (QE) beyond the current expiry of April by the same...
Although an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry. Considering the improvement in RSI conditions and upbeat MACD, gold is likely to follow silver’s jump to the highest since August. However, a clear break above the 100-day SMA level near $1,880 becomes necessary for the bulls. It’s worth...
Bearish Bat pattern forming on Weekly Chart of JSWSTEEL. SELL 394, SL 428.1, Target(s) - 365, 355.
Glenmark Pharma - Range Breakout above 530/532 closing - target 550 and 570 possible with 485 SL
followed by "W pattern", "Symmetrical triangle" is forming... DISCLAIMER : This is just for educational purpose...
Bearish Shark pattern forming on Weekly Chart of CNXPHARMA. SELL 13230, SL ATH, Target(s) - 12550, 12300.
With the virus-led risk-off weighing on the Antipodeans, not to forget the surprise drop in the Aussie retail sales, AUDUSD sellers attack an upwards sloping support line from Monday, currently around 0.7733. While expectations of the continuous cautious sentiment favor the pair’s further weakness, the 0.7700 round-figure and lower line of a descending trend...
Gold rises to the fresh high in two weeks following a stellar rise on Wednesday. In doing so, the yellow metal crosses 50% Fibonacci retracement of its November-January upside amid upbeat RSI and MACD conditions. Also favoring the bullion could be the market optimism backed by Joe Biden’s arrival in the White House as the 46th President of the US. Even so, 100-SMA...
Price is retesting now... Targets would be 31750, 31500, 31000 SL above 32450... If BNF opened with a gap up and if price closes above the retesting area 32350 it would be cautious.. DISCLAIMER : This is just for educational purpose...