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USOIL chart pattern for upcoming session's 15M TFUSOIL closed at 69.448 in the last session which is near to its support zone of 69.140 to 68.940 we've to watch for candlesticks patterns here because it price goes below support zone the we can easily see the 68.000 level of crude in the upcoming sessions but if price make upward momentum from here then we can get the price of 70.500-600 level in the next sessions of the oil and above it 71.300-400 is the next zone of resistance to go for.
FX:USOIL
by NobleFalcon
Gold price on October 26, 2024: Continuing the upward trendSupported by geopolitical tensions in the Middle East, concerns over the U.S. election, and expectations that the Fed will lower interest rates, gold has seen a slight increase. Additionally, palladium has reached a 10-month high, while global monetary easing policies and declining confidence in the USD continue to drive demand for gold as a safe-haven asset. The BRICS summit and the potential launch of a new currency backed by gold have further enhanced gold’s appeal as an investment. Looking at the chart, we can see that gold is gradually moving upward, albeit at a slow pace, trading around 2,747. However, with solid support at 2,720, a spectacular breakout for gold could occur in the near future. It’s possible that gold will break through the resistance at 2,747 and continue its impressive uptrend. Stay tuned and watch the next movements in gold with me!
OANDA:XAUUSD
by Alisa_Rokosz
EUR/USD: Pausing at ResistanceHas everyone updated themselves on the EUR/USD pair? Let’s predict where it might go today! The EUR/USD pair is moving sideways in the Asian session, despite a slight rise yesterday. While the USD has softened a bit due to declining interest rates and stable stock markets, concerns about the U.S. economy and geopolitical risks continue to support the greenback. Additionally, weak eurozone PMI data and the ECB's potential policy easing add pressure on the euro. On the 4-hour technical chart, the EUR/USD pair is in a downtrend. Resistance at 1.082 has become a barrier, limiting the pair's chances of a recovery. We should also watch two support levels: 1.080 and 1.077. If the pair breaks below the 1.080 support level, a further decline becomes highly likely. What are everyone’s thoughts on this pair? Let me know!
by Alisa_Rokosz
2
Bank Nifty - Formation of Bearish Head and ShoulderBank Nifty index is forming bearish head and shoulders pattern. Here are the key levels mentioned below: Neckline : 50000 (activation point for the pattern) Immediate Support: 49700 (200 EMA) Potential Target: 46500 (if price pierces below 200 EMA) Trend Breakdown: Noted breakdown of the uptrend line since October 23. Make sure to keep an eye on these levels and monitor price action closely as it approaches them! If you have any more insights or questions about trading strategies, feel free to share.
NSE:BANKNIFTYShort
by Arvind_Share_Academy
Japanese Yen Slightly Rebounds, Is USD/JPY Really Reversing?Are you ready for the latest hot updates on the USD/JPY pair? Let’s dive deep into the analysis with Alisa! The Japanese Yen has slightly recovered after Japanese officials intervened, pushing the USD/JPY pair below 152.00. However, the Fed’s interest rate hike prospects and political uncertainty in Japan are limiting the Yen’s upward momentum. Investors are closely watching the PMI data to assess the global economic outlook. Looking at the technical chart, the upward trend is still ongoing. Although the USD/JPY pair is currently slightly declining, it won’t be long before the uptrend resumes. With support from the ascending price channel and the 151.00 level, the pair's upward momentum will be reinforced. So, what do you think? Will the USD/JPY pair continue to decline, or will it reverse and rise? Let Alisa know!
by Alisa_Rokosz
HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
NSE:HDFCBANKLong
by NobleFalcon
EUR/USD Weakens: The U.S. Dollar Rises, ECB CautiousHello everyone, Alisa here! What’s the trend for the EUR/USD pair? Let’s discuss together! EUR/USD continues to slide, reaching its lowest level in 11 weeks, trading around the support level of 1.0828. The selling pressure has increased due to expectations that the European Central Bank (ECB) will further ease monetary policy, potentially cutting interest rates once again in December. Meanwhile, the strengthening U.S. dollar is also putting pressure on the pair. Looking at the technical chart, a bearish trend is currently unfolding for EUR/USD. Despite the 1.081 support level providing some momentum, with the current factors, any upward movement is unlikely to be sustained, and the pair is expected to face resistance at the key 1.085 level and then continue to decline. Traders should be cautious with long positions and consider opening short positions when there is confirmation of a break below the 1.081 support level. Profit targets could be set around the 1.075 - 1.070 zone. That’s my take. What do you think?
by Alisa_Rokosz
USD/JPY is about to break through the 150.00 levelHello everyone, today let's update the USD/JPY pair with Alisa! USD/JPY is on the path to breaking through the 150 psychological level. Uncertainty surrounding the BoJ's policy and overall market optimism are supporting the USD. Although there have been comments about intervention by the Japanese government, geopolitical tensions and upcoming events may limit the JPY's downside. From a technical perspective, this pair is trading in a positive zone. However, if it fails to break through the resistance level of 149.58, USD/JPY may potentially decline towards the support level of 149.19. Conversely, if 149.19 can act as a springboard and help the pair break the resistance at 149.75, it could pave the way for the pair to target 150 and beyond. Investors should closely monitor BoJ policy news and geopolitical events to make informed investment decisions.
by Alisa_Rokosz
COAL INDIA - 1D TIMEFRAMENSE:COALINDIA has formed a triangle pattern in 1D timeframe but when we see in 1M timeframe it clearly shows uptrend. Hence in a lower timeframe it is good to go for a long position as it is always better to go with the trend. Now the chart could break the triangle and take a retest and move up or come down to the support zone and then go up. Only in these two conditions we'll be trading. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:COALINDIA
NSE:COALINDIALong
by Joassh
4
Gold Price Surges UnexpectedlyHello everyone, this is Alisa. Today, let's join me in updating the latest developments in gold! The gold price surged significantly, reaching 2,644.18 USD/ounce. The main driving force came from the U.S. inflation data released this morning. Specifically, the U.S. Consumer Price Index (CPI) increased by 0.2% in September, which was lower than expected. This eased inflationary pressure and prompted investors to pour money into gold as a safe-haven asset. Observing the 1-hour technical chart, Alisa noticed that the price within the channel had gained strong upward momentum. This was truly a rebound after a brief period of decline for the metal. With support at 2,628, gold’s upward trend has resumed. Additionally, technical indicators like RSI and Stochastic are also giving buy signals. What a volatile day! How about you all? Do you think gold will rise or fall?
OANDA:XAUUSD
by Alisa_Rokosz
EUR/USD: Continuing to Decline or Approaching a Turning Point?Hello everyone. How are you all today? Let's join Alisa in analyzing the EUR/USD pair! The EUR/USD pair continues to slide and is nearing an 8-week low of 1.0960 due to the strong rise of the USD. Positive U.S. job data has reinforced expectations that the Fed will continue to raise interest rates, pushing the USD index to new highs. Additionally, geopolitical tensions in the Middle East have also enhanced the appeal of the USD as a safe-haven asset. Looking at the 1-hour chart, the 1.097 resistance level is proving too strong for the Euro. If this level is not surpassed soon, the Euro may test the 1.095 support level. It could even break this support and fall further. This is Alisa’s analysis. What do you think about this currency pair?
by Alisa_Rokosz
What do you think about the outlook for the USD/JPY pair?Hello everyone, this is Alisa. Today, let's analyze the movements of the USD/JPY pair together! Will it go up or down? Currently, the Japanese Yen is stable due to concerns about government intervention and geopolitical risks. However, the reduced likelihood of the Bank of Japan raising interest rates might hold the pair back and push it lower. Additionally, a modest decline in the US Dollar (USD) is also putting some downward pressure on the USD/JPY pair. Looking at the technical chart, the USD/JPY pair is facing strong pressure at the resistance level of 148.985. Trading volume and technical indicators suggest that the chance of breaking this resistance in the short term is relatively limited. If it fails to break this level, the pair might reverse and fall towards the support level of 146.145. That's my view. What do you think? Do you agree with me?
by Alisa_Rokosz
Where Will EUR/USD Head After U.S. Employment Data?Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together! The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide deeper insights into inflation and the Federal Reserve’s monetary policy. The EUR/USD pair is fluctuating at 1.1027, with the EMA showing a bearish reversal. If the pair encounters resistance at 1.107 and fails to break through, it will reverse and decline. In that case, the support level at 1.102, which has played an important role in the past, may continue to serve as a key point for this pair. However, if selling pressure increases and other technical indicators also send negative signals, this support level could be broken. These are Alisa's thoughts. What about you? What do you think?
by Alisa_Rokosz
Gold Maintains Its Upward Momentum Despite Inflation Concerns Hello everyone! How are you today? Let's join Alisa in analyzing the gold price! Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East, remains intact. Therefore, gold continues to maintain its stable upward momentum. The 1-hour technical chart analysis reveals a clear bullish reversal in the 34 and 89 EMA moving averages, reinforcing short-term bullish expectations for gold. The strong support level at 2,655 further solidifies this trend. With these positive technical signals, I predict that gold prices will continue to surge and aim for higher price targets during today's trading session. What about you? What do you think about the gold price today?
OANDA:XAUUSD
by Alisa_Rokosz
EUR/USD Likely to Decline: Is This an Opportunity for Investors?Hello everyone, I’m Alisa. Today, let's take a look at the situation of the EUR/USD currency pair! Today, EUR/USD was unable to maintain its recovery momentum and continued to fall to the 1.1140 level. This pullback during the short-term consolidation occurred as the market pivoted, driving the U.S. dollar higher. Looking at the technical chart, it's highly likely that the price will hit the support level at 1.100 and then rise to test the resistance at 1.118. If it fails to break through this resistance, the price may reverse and fall again. Investors should closely monitor technical indicators and economic events to find trading opportunities. So, what do you think about the outlook for the EUR/USD pair in the near future? Will the Euro recover or continue to weaken? Feel free to share your thoughts!
by Alisa_Rokosz
Gold prices are skyrocketing: will they break a new peak?Gold prices are skyrocketing; will they hit the $2,700/ounce mark? Hello everyone, Alisa here! How are gold prices doing this Wednesday? Let’s explore together! Today, global gold prices continue to soar, reaching a new peak of $2,662/ounce. The continuous rise of this precious metal is driven by expectations that central banks will continue cutting interest rates, along with escalating geopolitical tensions in the Middle East. Looking at the chart, the price remains in an upward channel. With support at $2,555 and the EMA 34 and 89 lines holding steady, this further strengthens the bullish trend for gold. I believe gold could surpass $2,700/ounce as early as the end of this week, if tensions in the Middle East continue to escalate and more news about interest rate cuts emerges. Do you agree with me?
OANDA:XAUUSD
by Alisa_Rokosz