GBPUSD is currently psychological warToday, GBP/USD is currently fighting at 1,2300, marking the lowest level in 5 months of trading in Europe on Thursday.
Market:
This currency pair is heavily committed by the Fed's hawk stance and the ability to suspend interest rates, after inflation decreased unexpectedly in the UK and SNB's surprising decision in keeping interest rates.
Intradaytrade
What is affecting the USDJPY pairHello everyone.
Looking at the technical picture of USDJPY on the H4 chart, we can see that this pair of money is in a tank trend but encountered a strong resistance around 147.77 and 148, causing momentum to be stopped by Ants decrease short -term before the new gain momentum.
Given that the trend line is still intact so we should target higher. If that occurs, it is likely to reach 148.50.
USD/JPY continues to trade higherBecause there are no immediate signs of changes in the Japanese bank's policy (BOJ), the market may return to USD/JPY trading at a higher level. Currently, the treasury bond interest rate is still increasing and the gap between the UST-JGB interest rate continues to expand or maintain. Therefore, it is likely that USD/JPY will continue to be updated.
Looking at the technical picture on the D1 time frame we can see that gold is passing and in defense.
Given that the trend line still has the possibility of gold will reach the psychological port of 150.07 JPY.
Gold price analysis todayHello Samson! Are you wondering how gold price is trading today?
Currently gold price stands at 1,932 USD/ounce, up 9 USD/ounce compared to the same morning.
Looking at the technical picture, we can see that gold has returned to the expected resistance line.
Assuming that the short -term trend line still has the possibility of gold will break through the 1937 resistance level and aim for the target of 1945 USD and 1955 USD respectively. Can invite many buyers to participate in the game.
XAUUSD today's trading sessionXauUSD continues to fluctuate around the price of 1930 USD/ounce. It can be noticed that this metal has not had significant fluctuations compared to the session yesterday. However, when we look at the D1 chart, we can easily see that gold forms a peak at 1936 USD expected to decrease short -term.
Gold continues to wait for information from the Fed before deciding to increase or decrease significantly.
NZD/USD trades higher than despite weak economic data from New ZNZD/USD starts a new week with a positive sign, higher transactions around 0.5910 in the Asian session on Monday. This pair of money is receiving support for increasing interest rate decision of the US Federal Reserve (Fed) expected on Wednesday.
Looking at the technical picture of NZ we can see that this pair of money is in an uptrend. So we should set higher goals. It is likely that it will reach 0.594 USD.
Good luck.
GBP/USD continues the chain, buying at this time?Hello wise traders, this week is a week of heavy development for the GBP/USD pair when both the Federal Reserve (Fed) and the British Bank (BoE) are preparing to make a decision to make interest decisions The week in the middle of the week. The pound (GBP) is fighting for its position compared to the US dollar (USD) when investors prepare their position.
🔥 Technical face:
GBP/USD has passed the beginning of this week. This currency started at nearly 1,2400 and had to struggle to find motivation since then. The day action shows that the exchange rate has fluctuated between 1,2400 to 1,2380.
EURUSD positive before the big day of the FedOn EUR/USD, looking at the technical picture we can observe the set up setting with the trend of increasing on H4. The price is approaching the significant bridge area on H4, where it can find support on the trend line and then start a move to go up. The first goal will be the first significant vibration at 1,0718 and then the H4 resistance area at 1,0740. It is worth noting that in the Asian session, the price has recorded a significant low fluctuation at 1,0678, this signals the market capacity on today's price.
What is the next goal of gold?Hello everyone!
Today, the decline of the US dollar (USD) is an important factor to promote gold price increasing and trading around 1933 USD/ounce.
On the H4 chart in the long run, it is possible that the range of $ 1945 - $ 1947 will be the area that traders increased prices as well as a strong semi -seller for the seller. But with the market today there is no news like this, selling at $ 1933 will become more suitable for the purpose of expanding the scale.
USD/JPY reached 1.07 price increase, should buy or sell?Hello everyone is Samson here, today USD/JPY recovered after the loss was recorded the day before, the transaction was higher than about 147.70 in the Asian session on Tuesday. This pair of money is receiving support for price increase before the interest rate decisions from the US Federal Reserve (Fed) and the Japanese Bank (BoE).
Looking at the technical picture of USD/JPY on the H1 time frame we can see that gold is in the trend of increasing so we should stick to the script and target higher. If that occurs, it is likely to reach $ 150.00.
GBP/USD strongly defensive, need to guard against risksThe GBP/USD currency pair is struggling to find a price floor despite market optimism and widespread weakness in the US dollar. On the 1D chart we can see that the pair is trading in a defensive range. It is likely that this pair will reach the 1,250 USD mark. Before new behavior.
It is important to remain cautious ahead of significant risks such as UK inflation data and Bank of England decisions.
NZD/USD cling to the unified rangeHello traders. Today, our expectations that NZD decreased lower yesterday did not come true because it was traded within 0.5895/0.5920. The motivation of going up is showing signs of formation, although only exploration. Today, as long as NZD maintains over 0.5895 (small support is 0.5910), it can be stronger, but it is difficult to break the main resistance threshold at 0.5960.
GBPUSD continues to maintain a humble increaseHello dear readers!
The GBP/USD pair today continues to attract attention when below the threshold of 1,2400 for two consecutive days. The exchange rate has continued its decline from the previous day to reach a low level in three months and currently floating in the vicinity of 1,2420-1,2425, marking an increase of 0.10% when established.
EURUSD continues to maintain an increase in amplitudeHello everyone! Today, EUR/USD is maintaining its uptrend with positive signals on Monday. The pair is receiving bullish support due to improving market sentiment and a broad-based pullback in the US Dollar.
Given that the trend line remains intact as a rule we must stick to the script and aim higher. If that happens, it is likely to reach 1,073. Multiple buyers can be invited to join the game.
Forecast of gold price today and forecast next timeHello everyone! Currently, gold prices are trading steady as supportive policy measures and strong business activity data from China have boosted market sentiment and dampened safe-haven demand for investors. against the US dollar, limiting the currency's recent gains.
Furthermore, the stagnant sentiment surrounding US Treasury bond interest rates is also supporting gold prices without generating profits.
Looking at Gold's technical picture on the 4-hour chart, we can see that strong resistance at $1,920 is holding with a possible drop to $1,900.
In the near future, there could be a scenario where gold sellers break the support level to start a new downtrend towards the static support level at $1,885.
AUD continues to recover while still having difficulty resistancHello dear friends! Audusd continues to shine today when maintaining a significant increase and is currently trading about 0.645.
Looking at the technical picture in today's 4 -hour chart, Au is receiving strong support and the next goal will be the 0.650 area. This is a strong resistance area when Au has reached the peak twice but cannot overcome, forcing Au to have a very strong motivation in the near future if he wants to overcome this resistance area. And bring many buyers to the market.
Analysis of NZD/USD market: Continuing the trend?NZD/USD reverses trend and gains momentum above 0.5920 mark following upbeat China data.
China retail sales (August) increased 4.6% from 2.5% previously; Industrial production improved to 4.5% from 3.7% previously.
Upbeat US data on Thursday showed the US economy remained resilient and inflation rebounded in August.
In response to the data, China proxy New Zealand (NZD) attracted some buyers and acted as a tailwind for the NZD/USD pair.
Looking at the technical picture of NZD/USD on the 4-hour chart, we can see that the pair is still in an uptrend. That means we will follow that trend and aim higher if that happens to potentially reach $0.5960.
USD/JPY market analysis todayLooking at the technical picture of USD/JPY on the 4 -hour chart, they can see that: Currently, the USD/JPY pair is maintaining an increase within the limit between 147,00. From the strong US economic data, it has contributed to consolidating the US dollar (USD). In addition, the US dollar index (DXY), USD measurement compared to other six main currencies, remains over 105.35 and is close to the highest daily store since March. Currently, this pair of money is trading around 147.45 with a slight decrease of 0.02% in today's session so it can be the motivation for gold to continue the increase in the short term.
NIfty view for one week, Market seems bullish from here.Good Morning Mates,
Gift nIfty indicating Nifty is going to open marginally higher today around 40 points. On Friday it was surely very confusive market for most of the trader, Nifty closed 120 points lower at 19265. Chances are high that the NIfty may get support at 19236 followed by 19211, Upside there is resistance at 19321, followed by 19373. But it seems We will cross these resistance in coming days. Nifty is getting ready to fly towards 19475+ levels. Global markets also supporting, Asian Market looking Green everywhere, Most of the Indices trading 1% above today. Let's see how is going to start our market.
Important levels for nifty:-
Support zone 19211-19236
Resistance zone 19321-19373
Buy( Accumulate ) in the range of 19255-19325.
Targets we can see in upside 19321/10373/19475+
Keep stop loss at 19175
I have an Option trade (Bull call Spread):-
Buy 19300 ce now at 72
Sale 10400 ce now at 38
Prob. of Profit 36.81% (I am giving all estimation on 1 lot)
Max. Profit in ₹ +3,268 (16.98%)
Max. Loss ₹ -1,732 (-9.00%)
Max. RR Ratio 1:1.89
Estimated Margin/Premium
₹ +19,244
Note:- Prices are according to friday closing as market is going to open almost 40 points gap up, so adjust accordingly in both strike prices.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Uptrend Channel Pattern Reversal in BIOCONBIOCON LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
📊 It can give movement upto the Reversal target of Above 280 +.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 310+.
📊 Can Go Short in this stock by placing stop loss below 240- or last swing Low.
Triangle pattern breakout in Havells HAVELLS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1435+.
✅Can Go short in this stock by placing a stop loss below 1295-.
Short Lupin below 1064Short Lupin below 1064, Target 1043 - 1045. Reason for trade Divergence in RSI and RSI is looking weak. On Weekly timeframe shooting star has formed at top of the trend.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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