Futures
EURUSD → Slips as euro zone PMIs give ECB pauseThe Initial reaction to the data saw EURUSD spike 50 pips lower before hovering around the 1.0820 handle at the time of writing. Key area at present with the 200-day MA resting just below the 1.0800 handle and could cap further losses.
EURUSD did face selling pressure as a stronger US Dollar and rising US yields saw the pair fall to support around the 1.0840 handle and print a fresh 7-week low. There is potential for further downside with a break below the 1.0840 support handle opening up a run toward the 200-day MA resting just a smidge below the 1.0800 handle. For now, though much like the majority of major pairs the range between the 100 and 200-day MAs could continue to hold firm keeping EURUSD confined to the 220 odd pip range.
Key Levels to Keep an Eye On:
Support levels:
1.0840
1.0797 (200-day MA)
1.0747
Resistance levels:
1.0900
1.0930 (100-day MA)
1.1000 (psychological level)
EURUSD → At the beginning of a broader Bearish reversal ?On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range.
If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a short-term downward technical trend. Otherwise, a higher breakout will reveal the Fibonacci retracement level of 23.6% at 1.1124. On the other hand, a breakout and immediate support confirmation will expose the 78.6% level at 1.0771 as prices fall to 1.0634.
LTTS - At Crucial LevelAs you see on the charts, the stock price is struggling at the crucial resistance zone. If not able to cross and sustain above 4300, may go weak for some time. Possible targets are indicated.
Only for learning and sharing purposes, not a piece of trading advice in any form.
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Nifty Futures 9th Sept 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Bank Nifty futures 9th Sept 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Nifty Futures levels 4th August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Bank Nifty Futures 4th August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Nifty Futures 4th Aug 2023he price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.