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Fundamental Analysis

USDJPY: Sellers remain in driver’s seat despite BoJ’s status quoEarly Friday, USDJPY reverses the previous day’s run-up to the highest level in a fortnight as the Bank of Japan (BoJ) leaves monetary policy unchanged, as expected. Oscillators, technical hurdles push back buyers within falling wedge USDJPY recently reversed from a six-week resistance level, and the RSI is pulling back while the MACD shows signs of a bearish crossover, which keeps sellers optimistic. Additionally, the price remains below the 200-Exponential Moving Average, making it harder for Yen buyers. However, a bullish falling wedge pattern that has formed since early August could encourage buyers. Technical levels to watch The USDJPY pair's drop from a key resistance level, along with weak indicators, suggests sellers will target below 142.00. Key levels to watch are the psychological mark at 140.00 and the monthly low around 139.55. If buyers can’t hold above the falling wedge's bottom near 139.30, the price could drop to the mid-2023 low around 137.20. On the flip side, the 1.5-month-old horizontal resistance area near 143.70-144.00 appears a tough nut to crack for the USDJPY bulls. Following that, the quote’s quick jump toward the stated bullish wedge’s top line around 145.00 can’t be ruled out. If the price stays above 145.00, it could aim for 156.00, but breaking the 200-EMA at 145.30 is essential for that rally. What next? Given the monetary policy divergence between the US Federal Reserve (Fed) and the Bank of Japan (BoJ), as well as the quote’s sustained trading below the key resistances, the USDJPY sellers are likely to have some more days to cheer.
by MTradingGlobal
Hinduja Global - trend reversal???Hello 👋 It's a IT - software industry stock. * Trend reversal can be started. * Currently price is in demand zone from where it was long run previously. * Strong volumes &; momentum inclined * Double bottom pattern - weekly chart * Stiff trendline..if break decisively above 1055 & sustain then can hit swing high 1175 . * Price exactly took support of 0.65 I.e. 858 .. * Indeciision candle on weekly chart # Financial Company's Q2 results are better than Q1 also company is in strong hands as FII increased their holdings in 2024. It's my view plz DYOA. No buy or sell recommendation 🙏 Please boost my idea if you find it useful 😉 Thank you 😊
NSE:HGSLong
by ajnil87
Stock in downtrend: RECREC has made new highs of 650 levels in Aug 2024. However, the 635 level could not be held beyond Sept 5, 2024. The stock has been in a downtrend continuously. 20 EMA (Black line) has just crossed below 50 EMA (Orange line). Previous support of 543 was also broken last week. The bearish trend will likely continue as the Net Profit in Jun 2024 (Rs. 3,460Cr) has slightly fallen below Mar 2024 (Rs. 4,079Cr). However, the stock has strong support around 494 levels.
NSE:RECLTD
by shanmurali
NTPC Continuing Bullish TrendNSE:NTPC Continuing Bullish Uptrend, After making Election Results High those levels acted as Resistance, and now that Resistance is acting like a support on a daily timeframe, today was a Vol. Spurt because of Value Unlocking of NTPC Green Energy IPO News. Keep a Close Watch Ahead. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making any investment decisions.
NSE:NTPCLong
by Karanshah137
Gold Analysis September 19Fundamental Analysis Gold prices regained positive momentum after yesterday’s pullback from an all-time high and continued their steady intraday gains heading into Thursday’s European session. The US dollar (USD) saw an intraday reversal from a one-week high and now appears to have stalled its recovery from its lowest since July 2023 hit the previous day. This, coupled with concerns over a recession in the United States (US) and China, along with the risk of further escalation in tensions in the Middle East, prompted some safe-haven flows into the precious metal. With Thursday’s positive move, Gold now appears to have snapped a two-day losing streak, although the possibility of more aggressive easing by the Federal Reserve (Fed) could limit any further gains. In fact, the US central bank decided to start its policy easing cycle by cutting borrowing costs by 50 basis points on Wednesday. However, the Fed has lowered market expectations for excessive rate cuts in the future. This still supports a modest increase in US Treasury yields, which could limit the USD's losses and limit the gains of the non-yielding yellow metal. Technical analysis Gold has recovered very strongly from the Fibonacci retracement level of 2547-2545. At the moment, we need to understand what it wants each session and how it pushes the price. So Gold can absolutely continue to push higher in 3 sessions when Asia and Europe have not had any significant declines. The important price zone is 2588. If this zone breaks when the US enters, do not sell and wait for 2600 SELL to react. It is easy to have a false break, so the beautiful BUY point in the area I determined yesterday at 254x will be held until 263x. Today is a difficult day to trade. If the US session at 19:30 cannot break the 2588 area, it is possible to SELL to the destination area at 2565 - 2545 SELL attention zone 2588-2600-2612-2618 BUY attention zone 2565-2545
OANDA:XAUUSD
by TVS-Trader
USD/JPY Inverse Head and Shoulders Pattern: A Bullish Reversal The inverse head and shoulders (also known as the “head and shoulders bottom” or “reverse head and shoulders”) is a powerful chart pattern used in technical analysis. Here’s what you need to know: Formation: The inverse head and shoulders pattern forms at the end of a downtrend. It consists of three successive troughs: The first trough (the left shoulder) occurs after a downtrend, followed by a rally to a higher point. The second trough (the head) is deeper than the left shoulder, signaling increased selling pressure. The third trough (the right shoulder) occurs but doesn’t drop as low as the head. These troughs create a pattern that resembles an inverted human head with shoulders. Neckline: A trendline connects the high points (or “peaks”) formed after the right shoulder and the head. This trendline serves as a level of resistance that the price must break through to confirm the pattern. Psychology Behind the Pattern: The inverse head and shoulders pattern reflects changing sentiment among traders and investors: Left Shoulder: Pessimism dominates as the price makes a low and then rallies slightly. Head: Selling pressure intensifies, resulting in a
Long
by Faizgazi
AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services. CMP - 565 AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP. Targets I'm expecting are 785 & 850 which is 40-48% upside from current level. My SL would be 500. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:AUBANKLong
by akshit_official
GBPUSD: Post-FOMC optimism stays intact despite pre-BoE retreatGBPUSD consolidates Fed-induced gains as traders await monetary policy announcements from the Bank of England (BoE). That said, the Cable pair reached a fresh 30-month high after the US Federal Reserve’s (Fed) 0.50% rate cut that drowned the US Dollar across the board. Buyers stay optimist Although the Pound Sterling struggles to hold at a 2.5-month high, not to forget its failure to provide sustained breakout of a month-old horizontal resistance, the quote defends the mid-month breakout of a descending resistance line from late August, now support. Also keeping buyers hopeful is the pair’s recent rebound from the 100-SMA and steady RSI conditions. It’s worth noting, however, that the bearish MACD signals and a likely status-quo of the BoE could join the key upside hurdle to challenge the bulls. Technical levels to watch For GBPUSD buyers, the immediate resistance to watch is a month-old range between 1.3230 and 1.3240 if the BoE sounds hawkish. After that, the focus will shift to the 1.3300 level. If the Cable price stays above 1.3300, the 50% and 61.8% Fibonacci Extension (FE) levels around 1.3305 and 1.3375 could attract buyers. On the flip side, GBPUSD sellers need a clear break below the 1.3150-45 support zone, which includes the 100-SMA and a month-old previous resistance line, to weaken buyer’s confidence. If they succeed, the next tests will be the 1.3100 level and the 200-SMA at 1.3025, as well as the key psychological level of 1.3000. Upward bias seems favorable Whether due to an expected hawkish pause from the BoE or the market's response to the Fed's dovish surprise, along with GBPUSD trading above the 1.3150-45 resistance-turned-support, the pair is likely to stay bullish unless the UK central bank surprises traders.
by MTradingGlobal