Hello everyone, after a significant breakthrough last week, GBPUSD is currently undergoing corrective trends and showing clear short-term bearishness on the 1-hour chart. The currency pair is trading at the level of 1.229 and has lost 0.06% during the day. The GBP/USD exchange rate depicts a bearish trend in the near future after failing to break the 1.2400...
After a quiet Asian trading session, GBP/USD regained momentum and reached its highest level in 7 weeks at 1.2400 on Monday. The currency pair has transitioned into an overbought state from a technical standpoint, but buyers may still be interested in the possibility of 1.2400 remaining as support. The US unemployment rate rose to 3.9% in October from 3.8% in...
Samson, Hello every one! The gold price did not surpass the resistance level of $1,990/ounce last night and had to decline. As of 6:00 AM on November 7th, today's gold price was trading at $1,977, a decrease of $8 compared to the previous opening price, and it has continued to decline to $1,970 at the time of writing. In this context, the unexpected increase in...
The price of gold is currently experiencing a gentle recovery after receiving support at the $1965 USD level, and is now trading at $1970 USD at the start of the morning session. In terms of news impacting gold: The new influx of US dollars has caused XAU/USD to drop to $1,956.65 per troy ounce on Tuesday, with the precious metal trading in the red at around...
AIR LIQUIDE (W): Wolfe wave detected + BLACK SWAN To Watch: EMA.50 and EMA.200. +Fibonacci Levels +ICHIMOKU Levels
Gold continues to decline, moving further away from the 2005 USD level since yesterday's trading session. At the time of writing, the price is trading at 1983 USD, providing clear evidence of the downward trend. Forecast: The upward momentum of gold is being hindered by various factors, including loose monetary policies implemented by several countries...
Gold prices fell today in the context of the unexpected increase in the USD Index from 104 points to 105 points. This has given impetus to the USD to appreciate against 6 other major currencies, including the Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona), and CHF (Swiss Franc). Meanwhile, the 10-year US bond yield...
BANKNIFTY Intraday Trade Setup For 08 Nov 2023 Bullish-Above 43800 Invalid-Below 43690 T- 44060 44270 Bearish-Below 43570 Invalid-Above 43680 T- 43260 42990 BANKNIFTY has closed on a slight bullish note with 0.27% gain today. It opened flat and sell triggered below 43410 and gave a small move in favor and then eventually sl hit. Tomorrow once again it will be...
NIFTY Intraday Trade Setup For 08 Nov 2023 Bullish-Above 19430 Invalid-Below 19380 T- 19540 19645 Bearish-Below 19320 Invalid-Above 19370 T- 19210 19115 NIFTY has closed on an absolute flat note today. It traded within 100 points range whole the day. After last hourly swing high 19235-50 was taken out it has given a good bullish reversal move. Tomorrow 19430...
Hello everyone, EURUSD has experienced a significant increase in the previous week, with a price surge surpassing the 1.070 level. It is currently trading at a new high of 1.072, the strongest increase since mid-June. Regarding the influencing factors: The daily market drivers for this currency pair include the general weakness of the USD due to the Federal...
Price formed a reversal pattern on a small trend inside a bullish trend hence still expecting bullish movement
I am not SEBI registered, and the information, charts, and trading ideas provided here are for educational purposes only. They do not constitute financial advice or recommendations. Before making any financial decisions or engaging in trading activities, it is crucial to consult with a qualified financial advisor and conduct your own research. The content shared...
ETH clearly shows some bearish signs becoz overbought and rsi divergence but it has good support trend line.
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50 Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
With the completion of ABCD pattern, Bsoft is entering a sell zone below 539. So selling below 539 Stop loss above 557 Targets are 525, 518.50 On successful breakout of T2 518.50, next levels I'm looking are 507 and 493 but these will be executed with shifting the SL down as the price moves downside.
A masterchart for Nifty for this coming week in my watchlist. As per the Inside bar (keeping the strict rules away), a buying opportunity above 19178-80 Targets are 19322-20, 19355 and 19470 with SL below 19075. On the contrary, price failing to break the buying point, it will continue the bearish sentiment below 18954 with targets 18825, 18680 and 18660. PS:-...
I am not SEBI registered, and the information, charts, and trading ideas provided here are for educational purposes only. They do not constitute financial advice or recommendations. Before making any financial decisions or engaging in trading activities, it is crucial to consult with a qualified financial advisor and conduct your own research. The content shared...
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Diametric Pattern 📌 Symbol/Asset: TATACHEM 🔍 Description: Stock is around strong support. We can see bounce from here. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting...