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Sensex Levels for Intraday Traders #StocksCertainly! Here are the intraday trading levels for the SENSEX index: Intraday Trading Levels: For intraday trading in Sensex, consider the following levels: Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels. Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours. Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan. NOTE #This channel Purpose to share market ideas. Thanks for Watching🙏
BSE:SENSEXLong
by Optionclub
OVERVIEW OF THE LAST WEEK - FXHello guys, I am happy to be back on charts more and share with you some ideas and what was happening last week. I had video analysis previous week posted on my YT as I had some tehnical issues with this platform and could not uploaded videos. Now I went through the analysis and trades from the last week, it was very interesting and much of movement happened. What I posted here as trade ideas was updated on the video! DXY,... for example so make sure to check it out as moves were very good predicted! I hope you enjoy watching and learn something new. I will upload new video and trade ideas for the next week as well. Have a great weekend and I will talk to you soon. Blessings, T
by Tilen_FX
Gold buyers keep eyes on US NFP, inverse Head and ShouldersEarly Friday, Gold price reverses the previous day’s pullback from a two-week high as traders await the US monthly employment data for July. That said, the recent bias supporting the US Federal Reserve’s (Fed) frequent rate cuts in 2024 allowed the precious metal to remain firmer within an inverse Head and Shoulders (H&S) bullish chart formation. Apart from that, the bullion’s successful recovery from the 50-SMA, bullish MACD signals and upbeat RSI conditions also underpin the upside bias about the spot Gold price known as the XAUUSD. With this, the Gold price appears well-set to rise within the aforementioned bullish chart formation. The same highlights a five-week-old support-turned-resistance line surrounding $2,480 as an immediate upside hurdle. Following that, the neckline of the head and shoulders pattern, close to $2,494 by the press time, quickly followed by the $2,500 threshold, will be crucial to watch. In a case where the quote manages to stay firmer past $2,500, it becomes capable of aiming for the theoretical target of the inverse H&S formation, namely the $2,700 psychological magnet. On the contrary, Gold buyers remain hopeful unless the quote breaks an upward-sloping support line from mid-February, near $2,381. Also restricting the bullion’s short-term downside is the 50-SMA support of around $2,365. In a case where the precious metal stays weaker past $2,365, it defies the bullish chart formation and becomes vulnerable to drop further toward the lows marked in June around $2,280. That said, the $2,300 and May’s bottom of $2,277 will act as additional supports to watch during the XAUUSD’s further downside. To sum up, the Gold price remains in the bullish trend and signals further advances ahead of the key US employment data comprising the widely known Nonfarm Payrolls (NFP). Hence, the scheduled data’s capacity to harm the XAUUSD buyers appears limited even with the upbeat outcome.
OANDA:XAUUSD
by MTradingGlobal
GOLD - Looking Bullish! - Here's WhyMONTHLY TF: WEEKLY TF: DAILY TF: Overview & Observation: 1. Higher time frame gold is in a bullish trend. 2. Prices failed to form lower low showing strength in buying, confirmation still pending. 3. Channel breakout will be expected to get the confirmation on the long side. 4. Currently trading in a demand zone. Untill that is broken bullish view will be intact. Trade Plan: 1. Long position can be made only after confirmation that is still pending. 2. Above 2348 levels price should sustain for longs. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
TVC:GOLDLong
by SuperNova396
EURUSD rebounds from key EMAs as bearish channel, US NFP eyedEURUSD remains mildly bid around 1.0830 early Thursday as it defends the previous day’s recovery from the 200-day and 100-day Exponential Moving Averages (EMAs) after the US Federal Reserve’s (Fed) dovish halt of the benchmark rates. It’s worth noting, however, that bearish MACD signals and a week-long descending trend channel challenge the Euro pair buyers ahead of the top-tier activity and employment clues from the US, scheduled for publishing later today and on Friday. That said, the steady RSI (14) line hints at a continuation of the latest rebound. As a result, the bulls should wait for a clear upside break of the stated channel’s top line, close to 1.0855 at the latest, and the US ISM PMIs and Nonfarm Payrolls (NFP) data for conviction. Following that, the quote’s gradual run-up toward the 1.0900 threshold can’t be ruled out. However, an upward-sloping resistance line from early April, near 1.0950 by the press time, followed by the 1.1000 threshold, will be tough nuts to crack for the buyers to crack. On the flip side, an area comprising the 100 and 200 EMAs surrounding 1.0810-800 restricts the short-term downside of the EURUSD pair. If the Euro bears manage to smash the stated EMAs on a daily closing basis, the falling channel’s bottom line will act as the final defense of the sellers around 1.0785. It’s worth noting that the 61.8% and 78.6% Fibonacci ratios of the pair’s April-July rise, respectively near 1.0730 and 1.0670, could act as intermediate halts during the pair’s weakness past 1.0785 and on the way to the yearly low marked in April around 1.0600. Overall, EURUSD is likely to remain firmer but the room towards the north appears limited. Also challenging the pair buyers is the cautious mood ahead of the US ISM PMI and employment figures for July.
by MTradingGlobal
EURUSD bears keep reins with eyes on US GDP, ECB’s LagardeEURUSD licks its wounds at the lowest level in a fortnight as sellers jostle with a 200-bar Exponential Moving Average (EMA) support ahead of the US Q2 GDP and a speech from European Central Bank (ECB) President Christine Lagarde. In doing so, the Euro pair justifies the early-week breakdown of a month-old rising support line, now immediate resistance near 1.0900. However, downbeat RSI conditions and a looming bull cross on the MACD hint at the quote’s corrective bounce off the stated EMA support of 1.0825. In a case where the Euro prices remain weak past 1.0825, the 1.0800 threshold and 61.8% Fibonacci ratio of April-July upside, near 1.0735, followed by the 78.6% Fibonacci retracement level of 1.0675, will be important to watch for the bears ahead of targeting the yearly low marked in April surrounding 1.0600. Alternatively, downbeat US statistics could join the hawkish comments from ECB’s Lagarde to underpin the EURUSD pair’s rebound from the key EMA support of 1.0825. The same line highlights the support-turned-resistance line stretched from late June, near the 1.0900 threshold at the latest. It’s worth noting, however, that the Euro buyer’s ability to keep the reins past 1.0900 depends on a clear upside break of an upward-sloping resistance line stretched from early April, around 1.0950 as we write. Following that, the bulls can easily challenge the 1.1000 psychological magnet. Overall, EURUSD prices are likely to remain weak unless crossing 1.0950. However, the downside room appears limited and may lack momentum due to the scheduled data/events.
by MTradingGlobal
Gold extends pullback from all-time high towards sub-$2,400 zoneGold price remains pressured for the third consecutive day while extending the mid-week pullback from an all-time high. In doing so, the spot gold price (XAUUSD) retreats from a three-month-old ascending resistance line backed by the RSI’s U-turn from overbought territory. Apart from that, the US Dollar’s corrective bounce and receding bullish bias of the MACD signals also underpin odds favoring the bullion’s further profit booking. The same highlights a convergence of the 20-day Exponential Moving Average (EMA) and a three-week-long rising trend line, close to $2,395. It’s worth mentioning that the $2,400 threshold acts as immediate support while multiple peaks and troughs can challenge the sellers near $2,360 and $2,330-35. Above all, the precious metal bears remain off the table unless witnessing a daily closing beneath an ascending support line from early April, close to $2,300 by the press time. Also acting as the downside filter is the 100-EMA level of $2,296, a break of which will welcome bears with open arms. On the contrary, Gold buyers seek a clear upside break of the three-month-old horizontal support-turned-resistance surrounding $2,431-34 to retake control. Following that, the precious metal’s run-up toward May’s peak of $2,450 and then to the recent swing high near $2,484 can’t be ruled out. However, the RSI conditions and the aforementioned multi-day-old resistance line, at $2,486 as we write, might challenge the XAUUSD bulls past $2,484. Following that, the bullion will be able to pierce the $2,500 round figure. To sum up, further decline in the Gold price appears certain but the bullish trend is less likely to reverse.
OANDA:XAUUSD
by MTradingGlobal
Impending Golden Cross keeps EURUSD bulls hopeful ahead of ECBEURUSD retreats from the highest level in four months as traders await monetary policy announcements from the European Central Bank (ECB) early Thursday. In doing so, the Euro pair justifies the overbought RSI conditions. However, a successful break of a descending resistance line stretched from early January, now immediate support near 1.0890, joins the bullish MACD signals to keep the buyers hopeful. Even if the quote drops beneath 1.0890 resistance-turned-support, a convergence of the 50-SMA and 200-SMA, close to 1.0810-05, will be a tough nut to crack for the bears. It’s worth mentioning that the 50-SMA is approaching the 200-SMA from below and portrays a bullish moving average crossover called “Golden Cross”, which in turn suggests further upside of the major currency pair. Meanwhile, EURUSD bulls can aim for the 1.0980-1.1010 resistance zone during a fresh upside. Following that, 1.1040 and the 1.1100 threshold may act as intermediate halts while directing buyers toward the late 2023 peak of 1.1140. In a case where the Euro pair remains firmer past 1.1140, the odds of witnessing a run-up toward the previous yearly high of 1.1275 and then to the year 2022 top surrounding 1.1495 can’t be ruled out. Overall, EURUSD remains in the upward trajectory despite the pre-ECB pullback. However, the upside room appears limited unless the quote offers a daily closing beyond 1.1010. It should be observed that the ECB is likely to keep the monetary policy unchanged but bears are waiting for the signals of further rate cuts in 2024.
by MTradingGlobal
XAUUSD 1H ANALYSIS (TRADE SETUP)FOREXCOM:XAUUSD - 1H ANALYSIS FOREXCOM:XAUUSD 1-Hour Analysis: Bullish Outlook but Following Counter-Trend Trade Chart Overview: This FOREXCOM:XAUUSD 1-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of 1H High (HH) and 1H Low (HL). ***Key Points*** 1. create Liquidity: The chart making create liqudity with falling slowly 2. Lower Highs and Lower Lows in 5m : Following the consolidation, the price action formed a series of Lower highs (LH) and Lower lows (LL), indicating a temporary Downtrend for Built Liquidity 3.Trend Line and Break: A Falling trend line, shown in grey, connects the Lowe lows (LL). The recent price action broke below this trend line, suggesting a shift in momentum from bearish to bullish untill reach our Order-block. 4. Suppy and Demand Levels: Supply Level : The Supply area around 2387.5 and 2389.7, is highlighted with a Red shaded zone. This level is expected to Short side Trade as a counter-trend trade. Demand Level : The next significant Demand level is marked around 2357.9, indicated by another Green shaded zone. 5. Price Projection: The analysis suggests a bearish as a retracement and Bullish as a Pro-Trend 6. Market Sentiment: The sentiment is Bullish following the 1D Bullish Candle, with expectations of further downside Retracement movement. ****Trading Plan**** Look for shorting opportunities on retracements towards the Supply zone around 2387.5 and 2389.7 Consider placing stop-losses just above the Supply zone to manage risk. Target the Order-Flow level around 2362.61 for take-profits. This analysis suggests a Short-Term bearish outlook for FOREXCOM:XAUUSD , with a potential shorting opportunity on 50% retracementsof the Structure. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
FOREXCOM:XAUUSDShort
by Phinics
US OIL SHORTFX:USOILSPOT Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
FX:USOILSPOTShort
by Phinics
USDJPY extends recovery from key supports, US Retail Sales eyedUSDJPY rises the most among the G10 currency pairs early Tuesday while stretching the previous day’s recovery from an upward-sloping support line from late December 2023 and the 50-SMA. Adding strength to the Yen pair’s rebound is the improvement in the RSI (14) line. However, the bearish MACD signals and the 21-SMA hurdle, currently around 160.00, challenge the bulls ahead of the US Retail Sales for June. Apart from the short-term Simple Moving Average (SMA), an 11-week-old horizontal resistance area surrounding 160.30 will also tame the pair’s further upside. It’s worth mentioning that multiple tops marked since the start of July and ascending trend line from late April, respectively near 161.80 and 162.35, act as the final defense of the pair sellers. Meanwhile, 50-SMA and the aforementioned ascending trend line from late December 2023, close to 157.90 and 157.60 in that order, put a floor under the USDJPY pair for a short term. In a case where the Yen pair closes beneath 157.60, it becomes vulnerable to test the previous monthly low of around 154.50. However, May’s low of 151.85 and early 2024 peak surrounding 150.80, quickly followed by the 150.00 threshold, will challenge the sellers afterward. To sum up, USDJPY remains in a bullish trend ahead of the key US data but the upside room appears limited.
by MTradingGlobal
EURJPY continuationAs you can see, we had two possible scenarios on EurJpy, either for a price to follow the trend - a continuation or break of the low and possible shift in direction of the market which can happen any time as a price is trading very high (recorded in previous video) Price made a nice and weak recovery - pull to the downside on the market open in asian seson - towards our marked buy zone. From there it just pushed back up and with high being taken out we can see that as first market objective completed. Curently we are in an up trend so we will still be monitoring price once it taps buy zone and look for buys or if we get a break of the previous low - look for sells - if. I do not trade that pair a lot so if I don't like it I will stay away.
Long
by Tilen_FX