Fundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices. On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial...
Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF SBIN is consolidating in narrow range from past many sessions If decisively sustains outside the Box range, directional movement could be possible However in case of Bearish pattern at upper end of range it may come back to prev week's range Important downside support is around 800 zone whereas...
Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF NMDC If continues to holds the prev week support level, recovery towards 270 could be possible. However in case of Bearish pattern at higher level, it may come back to prev week's range Important downside support is around 245 zone whereas upside hurdle is aroud 270 level *Election Results can...
Trend - Neutral Probability on Downside > 60% Zone - Compression CMP - 126.45 Breakdown Level - 124.60 S1 - 123.50 | S2 - 122.40 Resistance - 128 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BERGER PAINTS INDIA LTD Key highlights: 💡⚡ ✅On 2 HOUR Time Frame Stock Showing Breakdown of Bearish Pennant Pattern . ✅Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 438-. ✅Can Go short in this stock by placing a stop loss above 499+.
Nifty index hit the New All TIme HIghs & reaching it near to imp level of 23000 After sustining above prev day's high, the index kept the strong positive momentum throughout the sesion The level of 22800/700 may act as an immediate support level whereas nearest hurdle is placed around 23050 zone A L ong bullish candle is formed on Daily TF Market may show...
My view on this script is bullish Ofter strong rally its on consolidation and makes wedge pattern . Strong Breakout with Retest with Volume
Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure
After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions. Intraday 5m | Trend Negative Disclaimer: This is my pre market analysis and my...
Bank Nifty remained volatile during the last week & closed on a positive note A Bullish candle is formed on weekly chart after big bearios candle in the prev week The imp upside hurdle is placed around 48400/500 whereas downside support is around 47200 zone in case of Bearish Pattern at higher levels, the index can come back to prev week range Track for...
Market remained in control of Bulls in the prev week Nifty closed above imp level of 22500 On Weekly TF it has formed a positive candle, If the Index holds the support of 22300, it may show recovery towards next hurdle of 22600/700 in coming sessions However in case of Bearish pattern at the upper level, it can come back to the last week range *For...
Bank Nifty remained volatile throughout the session after opening on a positive note today A Small body Bullish candle is formed on daily chart with long lower wick. The imp upside hurdle is placed around 48200/300 whereas downside support is around 47200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show quick swings...
USD/JPY edged lower on Wednesday, slipping back to the 153.00 level after a broad-based decline in the US Dollar (USD) shed weight against all of its major peers. The Japanese Yen (JPY) is also looking to ease selling pressure in the broad market, recovering ground as the Greenback declines. US Consumer Price Index (CPI) inflation eased slightly on Wednesday,...
The GBP/USD pair continued to rise near 1.2688 on Thursday during the early Asian session. The major pair's rally was supported by a weaker greenback following the release of softer US CPI inflation data. The outlook continues to be bullish as the pair successfully breaks resistance at 1.263 and makes this the expected new support level after a mild trend correction.
EUR/USD rose on Wednesday, one of the pair's best days of 2024, climbing to 1.0900 and on pace for a fourth straight weekly gain. Broad market selling pressure weighs on the US Dollar after risk appetite soars to the fore after US CPI inflation fell more than investors expected giving EURUSD the edge continue to increase.
✅GBP_USD has broken the threshold Resistance is falling and breaking through It's been confirmed so I'm lost Quan Trends and I will look forward One step further LONG 🚀
✅EUR_USD created one Nice bullish breakout from the threshold resistance Decrease and Breakout confirmed So we are currently bullish and we will look forward one step further LONG 🚀
Hello everyone, let's learn about gold prices today. At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month. The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has...