TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
Hindalco has given a breakout today & it's also at a good level to catch Why Hindalco is a Buy? NSE:HINDALCO Reason for Buy:-You can see metals are Inversely Proportional to Autos. Even as of now, metals are standing stronger when volatility comes in the market. This gives the Idea that the demand for metals is more than the supply, making the price move...
TCS has given a breakout today & it's also at a good level to catch Why TCS over all other IT Stocks NSE:TCS Reason: Strength When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding. Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM ...
Dxy should fall to test 104-102. Only close abv 111 will start fresh upward journey. Negative divergence is visible on RSI. Disc : Do your research before taking decision based on information published here
Reserve Bank Of New Zealand Interest rate decision: The Consumer Price Index CPI rose by 7.2% in September 2022, it's fall from August's print but still higher than experts thought which the consensus is 6.5. Economists expect the Reserve Bank of New Zealand to lift the cash rate by a record 75bps while money markets wager a roughly 65% probability for the...
GBPUSD has been in global bearish trend due to dollar's high, but dollar seems to start correcting, and the close resistance are broken, and from the chart you can find next resistance target for buyers. Wait for the daily candle closure above the resistance being tested, then retest and find buying confirmation using lower time frames.
TVC:DXY Finally confirms it's Bearish Reversal By Breaking down the prolong Uptrend. Now we can expect long term downtrend in DOLLAR to Resume. It's Highly Bullish for Stocks, Commodities, Precious Metals, Paired Currencies and Cryptocurrencies.
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Market Analysis, #DXY #Nifty #Dow #Adani #Adaniports TVC:DXY NSE:NIFTY NSE:CNXSMALLCAP
According to my analysis and with major news events coming up, My opinion on DXY is looking bearish. Why do I feel so? - Change of Structure in higher timeframe - We have been in a long upward cycle. CHoC may lead to short term correction - We have a demand zone in the bottom. we I expect the price to bounce off. Again, these are my views for the week. Thank you.
Dollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart. ---- The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro...
Dollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index. As per my view we will be going higher...
US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation...
Beautiful breakout above 92 as shown the related chart below... right now in bullish territory... Important levels marked for next week. Like... Share... Follow...
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Beautiful breakout and then retest and again reaching out to 115+ important reversals marked... Like... Follow... Share....
Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high. During last OPEC meet on Wednesday OPEC decided in its first...
Broader Market Analysis, (Banknifty, NIfty, Dollar Index, TVS Motor)