Gold prices remain on the back foot amid anxious hours of early Thursday as markets wait for the ECB and the US Consumer Price Index (CPI) data. Although the ECB is less likely to become a major catalyst, the anticipated optimism of the bloc’s policymakers could offer intermediate bounce to gold prices. However, a stronger-than-expected beat of the US inflation...
AUDUSD reverses the previous day’s losses while a bounce off 50-day and 100-day SMA confluence near 0.7730-25. Given the normal RSI conditions and strong support, the quote is expected to keep the recovery moves while trying to cross the key resistance line, around 0.7770, for one more time. While a clear break above 0.7770 enables the buyers to aim for 0.7815,...
NSE:BHARTIARTL ⚪Price needs to break out / break down from the current pattern... ⚪Plan A For long call - Buy only if price closes above 532 ⚪Plan B for short call - Sell only if price closes below 518 ⚪Note: Ignore if anything goes sideways.... 🔴DISCLAIMER : This is just for educational purpose....
USDCAD reverses Friday’s losses inside a bullish chart pattern, falling wedge, on the daily play. However, buyers need a clear upside break of 1.2100, not to forget the previous support line from March 18 close to 1.2180, to retake controls. Following that, the USDCAD rally towards 50-DMA level near 1.2285 and then to the previous month’s top near 1.2350 can’t be...
On trendline breakout, go long Currently at strong support levels RSI at 50 levels Targets - 443, 456, 465, 478
With the renewed chatters over the Fed’s next moves, backed by weekend comments from US Treasury Secretary Janet Yellen, the US dollar regains the safe-haven bids lost on Friday amid early Monday. This weighs down GBPUSD inside a two-week-old rectangle formation between 1.4250 and 1.4190. It should, however, be noted that the upbeat MACD could trigger the cable’s...
Tata motors looks good for positional trade. The stock has broken it's Descending Triangle Pattern and gave a breakout. If it crosses the resistance zone that is between 337 to 342, we can expect a good upward movement in this stock. Please feel free to share your valuable feedback :)
Hello guys i had find this setup which is in sideways trend and had given a good selling opportunity in 4h timeframe lit is a swing trade with good RR ratio you can go for sell when it break trendline and also i had done some fundamental analysis on it that i had give the bad quarter result and i request you all do your own analysis before taking any position in...
If the stock gives breakout of the weekly trendline with a small stop loss below the breakout. This is for long-term investment.
On breakout, go long RSI at levels of 60 Targets - 2663, 2774, 2897
On breakout, go long RSI at levels of 58 Target - 1526
range geeting conracted breakout either side will give good move.. my view is bullish . will wait for it.
The heaviest fall since late February couldn’t beat gold buyers as the metal stays above the key support line from March 31, near $1,851, on the key US NFP release day. Additionally important are the speeches of US President Joe Biden and Fed Chairman Jerome Powell. It should be noted that while MACD and RSI flash contrasting signals, bears will have a bumpy road...
Moving in a channel, can go long on trend reversal First target - 680
Brent oil holds onto a weekly uptrend despite the previous day’s pullback moves. The British oil benchmark keeps the upside break of double-tops marked in May amid bullish MACD. As a result, the commodity buyers should stay hopeful to refresh the multi-month top, marked the previous day around $71.50. However, the following run-up needs validation from $72.30...
On trendline breakout, go long Good Support at levels of 419 20 ema support also taken Target 1 - 437