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NZDUSD → Bearish Momentum Poised to Extend FurtherOANDA:NZDUSD buyers remain skeptical of realizing a bullish scenario at this time, and the price continues to face downward pressure. On the 1-hour timeframe, the price has approached strong support at 0.55, potentially triggering a minor corrective reaction. This correction is likely to be small, as the dollar maintains its upward momentum, bolstered by Trump’s policies that support this scenario in the medium term. From a technical perspective, the price continues to test the 0.5588 support level, with a local descending wedge forming under selling pressure. A retest of the channel resistance is possible before further declines. Resistance Levels: 0.563, 0.567 Support Levels: 0.5588, 0.5511 A break and consolidation below 0.5588 could trigger additional sell-offs in the context of the current local and global downtrend.
Short
by Briantradefx
Gold Trading Strategy on M15 (January 17, 2025)Preliminary Trading Plan: Market Summary: Gold prices are consolidating around $2,790, with potential for short-term corrections despite positive GDP and industrial data from China. However, concerns about China's real estate market and US tariff policies are dampening expectations. Anticipation of Fed rate cuts and weak US data are supporting gold prices, while investors await US housing and industrial production reports for further signals. Technical Support: Following two volatile days driven by news events, gold has rebounded above $2,700 and maintains an upward trajectory. However, it has yet to breach the $2,620 - $2,624 range. The market appears to be cooling compared to the previous days, as indicated by today's trading sessions. Key support levels for capturing the market's uptrend include $2,700 - $2,702 and $2,680 - $2,678. Trading Zones: XAUUSD BUYZONE: 2700 - 2702 Stop Loss (SL): 2697 Take Profit (TP): 2705 - 2708 - 2715 XAUUSD BUYZONE: 2680 - 2678 Stop Loss (SL): 2675 Take Profit (TP): 2683 - 2686 - 2693 - OPEN Wishing everyone an amazing start to the new year!
OANDA:XAUUSDLong
by Briantradefx
Gold trading strategy for today !Currently, XAU/USD is fluctuating between the resistance zone at 2,677-2,697 and the support level at 2,660. This reflects a range-bound market, where the price lacks a clear directional trend and reacts strongly at support and resistance levels. Below is a specific strategy for trading under these conditions: 1. Sell Strategy at the Resistance Zone: Rationale: The resistance zone at 2,677-2,697 is a level where sellers could gain strength and push the price down toward the support level. The red arrows on the chart indicate a potential reversal upon reaching this zone. Strategy: Sell Entry: Open a sell position within the 2,675-2,677 range after confirming a bearish reversal signal, such as a double top formation. Stop-Loss: Place the stop-loss above 2,682 to protect against unexpected breakouts. Take-Profit: Target the support level at 2,660, with the option to take partial profits if the price drops sharply. 2. Buy Strategy at the Support Zone: Rationale: The support zone at 2,660 represents a potential area for strong price recovery, making it a favorable buying opportunity. The green arrows on the chart highlight the expectation of a rebound from this level. Strategy: Buy Entry: Open a buy position near 2,660 after observing bullish reversal signals, such as a strong bullish candle, hammer, or engulfing pattern. Stop-Loss: Place the stop-loss below 2,655 to protect against a breakdown of the support level. Take-Profit: Aim for the resistance level at 2,697, or anticipate a breakout for higher targets. 3. Breakout Strategy: If the price breaks out of the current range, adjust the strategy as follows: Breakout Above Resistance (2,677): Wait for confirmation of a breakout, then enter a buy position targeting higher levels, such as 2,720-2,730, while keeping it below 2,750. Breakout Below Support (2,660): Wait for confirmation of a breakdown, then enter a sell position targeting lower levels, such as 2,640-2,630. Trading Notes: Always wait for confirmation signals before entering trades, especially near critical support and resistance zones. Practice effective risk management, limiting risk to 1-2% of your account balance per trade. Stay updated on fundamental factors, such as economic news, inflation data, or statements from the U.S. Federal Reserve (FED), as these can significantly influence gold prices. This approach provides a balanced strategy for both range trading and breakout scenarios, helping to maximize opportunities while managing risks effectively.
OANDA:XAUUSDLong
by Briantradefx
ICICIGI - Trend Reversal ? ICICI Lombard General Insurance Company Ltd is a leading private sector general insurance company in India. Technical Analysis: Weekly: Bullish Harami Daily Time Frame: Hammer formed on 3rd Jan, volume slightly up Publishing 2-Hour Chart, as Overall market trend is negative/downtrend. Observe the chart for trendline breakout. On weekly, it's near the 0.65 level, which is crucial. Entry points are mentioned in the chart. Please share your view.
NSE:ICICIGILong
by Vikrant_Mighty
US 30 - What Next ?Since November 2023, the index has been moving in a rising parallel channel. This time, again, it comes to the lower edge of the channel. If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position with a low risk. If gives a bounceback around these levels, may go around 44500 or more.. This illustration is only for learning and sharing purposes, it is neither a prediction nor a trading advice in any way. All the best for your trading plans.
BLACKBULL:US30
by anandlive
Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup. Also, the gap area upside is to be filled in due time, of course in a bullish phase. If sustains above 3500, may go to 4000/4200 or even more. If sustains below 3200, this setup will go weak. Decide your entry and exit levels and position size in accordance with your risk management. All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form. All the best.
NSE:NAVINFLUORLong
by anandlive
2
Astral - Keep An EyeThe stock price has dropped around 40% in the last six months. Now coming at the multiple support levels as shown on the chart. If it gives a reversal from the support levels, it may go into a bullish phase again. It may reverse from 1550 or 1470 levels. One should wait for the reversal signs according to their setups. Possible targets may be 1685/1770/1930+ The setup fails if the price sustains below 1440. Better to keep the position size following risk management or exercise hedging. This is only for learning and sharing purposes, not a buy or sell recommendation. Please do your research before taking any trade. All the best.
NSE:ASTRALLong
by anandlive
Maha Apex - Bottom Fishing The chart shows that the stock price has been moving in a parallel channel since August 23. This moment, again comes to the lower edge of the channel. If the pattern continues and gives a bounceback, it could be a good opportunity with a good risk-reward ratio. The stock has been consolidating in a narrow range in recent sessions. MACD shows a likely reversal too. All important levels are mentioned on the chart. One should keep the position size according to risk management. This illustration is only for learning and sharing purposes, not trading advice in any way. All the best.
NSE:MAHAPEXLTDLong
by anandlive
2
Apollo Micro-Do not miss this Volume breakout!Apollo Microsystems has given a breakout of consolidation with a strong weekly closing, almost forming a bullish marubozu candle Stock will look good only when it retest level of 110 and bounces. Levels mentioned on chart. I will not buy at CMP. Stock has potential to fly at least towards 200 according to fib extension. It is too good of breakout to miss. I have hardly seen such a bullish weekly candle recently when Nifty has been slight bearish.
NSE:APOLLOLong
by chartistamey
RSI in trading The relative strength index (RSI) is a momentum indicator that measures recent price changes as it moves between 0 and 100. The RSI provides short-term buy and sell signals and is used to track the overbought and oversold levels of an asset. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators, and it is generally available on most trading platforms offered by online stock brokers.
NSE:HDFCBANKEducation
by SkyTradingZone
3
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times. Key Levels: Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here. Resistance Levels (Targets): Target 1: 0.91790 Target 2: 0.92025 Target 3: 0.92380 Target 4: 0.92700 Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation. Potential Scenario: Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets. Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity. This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader
Dabur India LTDDabur India LTD: Dabur India is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products. Weekly: - There is a Bullish Divergence along with formation of W (Double Bottom) pattern -Signs of reversal from major support levels -Big Bullish candle being formed confirming morning star pattern on support levels Daily: - Consolidation/ Accumulation Breakout -Trading above 20 and 50 MAs -Breakout of range with good volumes Stock accumulation levels: Stock can be accumulated for long term till 520 levels Stop Loss: Any Daily Candle closing below 502 levels Disclaimer: The above analysis is just for education Purpose.
NSE:DABURLong
by diptiisaeth_
Chart Analysis for Bajaj Finserv Ltd. (Weekly Timeframe)The stock is forming a bullish triangle pattern, a classic continuation pattern signaling potential upside. The price is respecting the ascending trendline, showing strong support near ₹1,700 levels, while the upper resistance line has been tested multiple times. This signifies increasing buyer strength. Key Levels to Watch: • Support: ₹1,698 • Resistance (Breakout Level): ₹2,050 • Target Price (Post Breakout): ₹2,336 (derived from the triangle’s height projection). • Stop Loss: ₹1,515 (below the trendline support). Short-Term Long Trade Setup • Entry: Around ₹1,700, once the price shows bullish confirmation (e.g., reversal candlestick patterns or high volume). • Target: ₹2,050 (short-term) and ₹2,336 (medium-term). • Stop Loss: ₹1,515 to manage risk effectively. Market Sentiment: The stock shows a bullish structure, supported by prior consolidation and breakout potential. Patience is key for confirming a breakout above ₹2,050 before expecting the measured move towards ₹2,336. DISCLAIMER- Please do your own research before investing in the market. This is for educational purposes only
NSE:BAJAJFINSVLong
by Trade_lyst
4
Himatsingka Weekly - Keep On watchThe stock price has formed a Cup & Handle-like pattern in recent years. In recent sessions, gave a breakout and on the retest levels now. If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450. This setup is valid unless the price sustains above the purple trendline as shown on the charts. In this kind of trade, one has to keep the position size and stop loss according to risk management. This is only for learning and sharing purposes, not a piece of trading advice. I wish you a very HAPPY NEW YEAR 2025 & All the best for your trading journey.
NSE:HIMATSEIDELong
by anandlive