Dear friends, Overall, GBPUSD had a successful week as the price continued to rise without any significant breakthroughs. The currency pair remained supported as the USD struggled to recover. In terms of long-term trends, this currency pair is currently facing resistance at 1.2800. However, the upward trend is still supported by positive signals from the 34 and...
Dear friends! Looking back at the previous weekend, gold has demonstrated its strength with a remarkable breakout, completely breaking free from the sideways trend and ending the downward trend. It is an impressive move from the bull side, as they not only successfully defended the key support level at $2015 but also pushed the price of gold higher from this...
Dear reader, at the beginning of the new week, the EURUSD currency pair continues to show a slight recovery at the level of 1.096 and has increased by 0.15% during the day. The price is mainly moving around two EMA lines, and there is not much change in the trend. RKarina expects that this pair will break out of the price range and reach higher levels. What are...
The USD/JPY pair has reached a pullback at the 145.00 level in early Monday's Asian trading session. Despite the decline of the US Dollar, this currency pair has managed to recover. The market is expected to have a quiet session due to the US bank holiday. However, when considering the technical trends and prospects: USDJPY has just broken the upward trendline...
BANKNIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48620 48950 Bearish-Below 48020 Invalid-Above 48130 T- 47700 47445 BANKNIFTY has closed on a bullish note with almost 1% gain today. In the weekend analysis we discussed that BANKNIFTY may form a higher low and then confirm the next bullish move. In this case index may...
NIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 22120 Invalid- Below 22070 T- 22275 22460 Bearish-Below 22010 Above- 22060 T- 21875 21715 NIFTY has closed on a bullish note with almost 1% gain today. It opened with a decent gap up today and as per trade setup 10 o'clock range was to be used. Range broke upside above 22082 and gave a small move till...
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There is a formation of ABCD pattern on nifty50 charts.. Longs should be careful here .. as we can see sharp profit booking from here
Dear friend, In general, precious metals truly impress us. Gold traded sideways near $2030 before rising to $2061 on Friday, then retraced to $2049 and stabilized at this level. Now, what excites me is that gold is currently trading calmly around $2050 - $2051 as we enter the new week. The interesting thing is that gold's recovery is driven by weakness in the US...
Attempting trendline breakout, following a channel pattern. may face some resistance at 250. Post 250 we can go to achieve till t3. we can initiate a position with a small quantity and wait for price to retest 200-208 levels, upon formation of a bullish structure we may add on quantity. Note: This is just for analysis purpose, please do your own...
Nice to see you all again. Currently, EURUSD continues to operate with little price volatility, mainly moving sideways and trading around the EMA 34 and 89 lines. The 4-hour chart continues to show short-term consolidation. The breakout of this pattern indicates that the area of recent highs is at 1.0998. The fact that this level was surpassed suggests that...
Dear friends, let's explore the Gold market for the new week together! In general, the start of the new week sees Gold relatively quiet around the $2043 mark. Looking at the analysis chart: The overall trend is still bearish, with two negative factors driving it. Factor 1: The downtrend continues from the levels of $2149 and $2089. Factor 2: Gold has broken out...
BANKNIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 47880 Invalid-Below 47770 T- 48315 48757 Bearish-Below 47600 Invalid-Below 47710 T- 47237 46900 BANKNIFTY has closed on a slight bearish note with almost 1% cut last week. It is lacking behind NIFTY as NIFTY is backed with IT pack and reliance. Since it is a bit slow so unlike NIFTY giving a breakout...
NIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 21930 Invalid-Below 21880 T- 22070 22195 Bearish-Below 21800 Invalid-Below 21850 T- 21642 21508 NIFTY has closed on a slight positive note with 0.85% gain last week. Index looks ready to break 22k mark with 3rd quarter results. Index will face a major resistance near 22500 as per ABCD PRZ (2.618) in...
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Hi every one As per technicla projection 24410 march 2024 target I am gann time cycle expert who know market cycle me gann market cycle expert hu
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Hello & a warm welcome to this analysis Stock appears to be consolidating near its ATH level of 197 with strong support at 175 and then 165-130. Probable upside levels could be 245 & 345 in the medium to long term Happy Investing