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.
Chartpattren
ITC - 1D TFNSE:ITC has a uptrend in 1M TF. Looking down at the 1D TF, the chart has broken a triangle pattern and has moved down, touched a demand zone and is currently trading at a support turned resistance zone. Let us see what the market has for us..!!
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:ITC
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
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?
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?
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?
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?
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?
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!
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?
Coal India - Looks good at bottom outAs per harmonic pattern, it's making a bullish butterfly pattern and good to buy.
CD leg projection is going to 1.618 or 2.618. So we can see these two ratio as our target.
XD ratio is ~0.827, so as per technical analysis, it should go to 1.618 or 2.618.
Company's fundamentals are good, so next 3-4 months will give our target.
Bajaj Finserv Triangle breakoutBajaj Finserv made triangle pattern.
currently on daily chart it has given a breakout from triangle but
also need breakout from triangle on weekly closing basis.
Will keep the stock on radar for weekly closing.
Weekly breakout from pattern on closing basis will take stock to previous high 1929 to 2100++
"Nifty50 approaching 26,500: Some Profit booking expected."📉 Nifty50 Update: Some profit booking by buyers might come in the 26,500-27,500 range or act as a sideways to bearish. This could lead to a slight correction in the market. Stay alert and consider adjusting your strategies accordingly.💼
Disclaimer: Trading in the share market involves risks, and past performance is not indicative of future results. Please conduct thorough research and consider your financial situation before making any investment decisions. Consult with a financial advisor if needed.
EURUSD: Will the price rise or fall today?Hello everyone, today let’s reflect on the movements of EURUSD together with Alisa!
Thanks to the weakening US dollar, EURUSD has seen an increase. However, with recent market fluctuations, investors need to be more cautious about the signals that might impact this currency pair.
When observing the chart, EURUSD’s trend is still on the rise. Although there is a slight decline near the peak at 1.115, this shouldn't be an issue. If support is found around 1.112, the pair could resume its upward momentum and possibly break through the target level of 1.120.
That’s Alisa’s perspective! Do you agree with me?
TCS looking for gap area to fillTCS made high 4565 in day timeframe and Possible made 5 impulse wave inside the 3rd wave.
now expecting consolidation for 4th wave to fill the gap of 4340--4300 in short term
Whereas breaking of trendline will give more weakness towards 4000
MACD giving negative diversion.
Link given for previous post for detailed analysis where it achieved 3rd wave target.
Disclaimer : study is only for educational puspose. I am not SEBI registerd .
Gujarat Fluorochem.. Gujarat Fluorochem given breakout after two and half month tight range consolidation
for wave 2.
and impulse wave 3 started likely to target 4800++
every dip is the buying opportunity.
MACD is positive.
Disclaimer : I am not SEBI registered. Study is only for educational purpose.
PATANJALI FOODS | ALL TIME HIGH | BULLISH | SWING TRADECHART ANALYSIS OF PATANJALI FOODS
1) 3-Years old Channeling finally Breakout.
2) Cup and Holder pattern formation and breakout
3) Good volume support
4) Currently at all time high price
5) Bullish momentum continues
Disclaimer: Only for educational purpose