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Longsetup

XAU/USD Uptrend Remains StrongGold prices have recovered from recent declines and are currently trading around 2,690 USD during the Asian session, following a pullback from a five-week high. On the 4-hour chart, gold is moving within a stable uptrend channel, strongly supported by the EMA 34 at 2,679 USD and the EMA 89 at 2,663 USD. These are key dynamic support levels that help maintain the short-term bullish momentum. The nearest support lies at 2,676 USD, aligned with the lower boundary of the uptrend channel. If the price holds above this level, the likelihood of a rebound to test the resistance at 2,725 USD is very high. Should this resistance be breached, the next target would be 2,750 USD, or even as high as 2,770 USD. Conversely, if the price breaks below 2,676 USD, selling pressure could drive gold toward the 2,663 USD support before recovering. The upward-sloping EMAs and increased trading volume near support levels indicate that the bullish momentum remains intact. With the Fed's interest rate decision due next week, traders should closely monitor key support and resistance zones to optimize their strategies, as the short-term outlook remains firmly bullish.
OANDA:XAUUSDLong
by Thaco_
2
Technical Analysis Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:BANKNIFTYEducation
by SkyTradingZone
The Japanese Yen Trims Part of Weekly Losses Against USDUSD/JPY maintains its upward trend as the JPY only partially trims its weekly losses against the USD, despite the dollar’s slight recent weakness. The JPY's gains are limited by uncertainty surrounding a potential BoJ rate hike in December and a risk-on market sentiment, while expectations of a hawkish Fed continue to support the USD, driving the pair higher. On the 4-hour chart, USD/JPY is trading steadily above the EMA 34 and EMA 89 levels at 151.36-151.60, which serve as key dynamic supports. The price might consolidate in this zone before rebounding to test the resistance at 152.50. If this resistance is broken, the next target will be the 153.98 zone. Conversely, a break below 151.50 could push the pair toward deeper support at 151.00 before resuming its upward trend. With technical indicators still favoring the bullish trend and trading volume increasing near resistance levels, USD/JPY is likely to maintain its bullish momentum. The short-term target is 152.50, with a broader aim at 153.98. Traders should closely monitor key support and resistance levels to optimize their trading strategies.
Long
by Sophi-A
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM Why IRCTC ❓❓ 1. Fundamentally Good Company. 💪 2. Technically, it was already Entered in Golden Reversal Zone. 🔅 3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal. 4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level. 5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence. Targets & SL is in Chart
NSE:IRCTCLong
by KRSCharts
INFY BREAKOUT ON Daily TF and Weekly TFInfosys (INFY) has been in a prolonged phase of consolidation, repeatedly testing a well-established resistance level over time. Despite multiple attempts, the stock consistently retracted from this level without delivering a decisive breakout. However, INFY has now closed convincingly above this resistance on both the Daily and Weekly time frames. This breakout suggests a strong potential for an imminent upside, supported by technical confirmation. This setup presents a favorable risk-reward trade opportunity, with minimal risk due to the narrow stop-loss range. For investors with a long-term perspective, INFY also offers the possibility of substantial gains, even without relying on a stop-loss strategy. The breakout marks a critical juncture, highlighting its potential for sustained bullish momentum.
NSE:INFYLong
by AlphaTradesTM
Gold increases when inflation in the United States decreasesYesterday, gold price increased, maintained at over $ 2,700, despite the high US bond yield. The US CPI data confirmed that the deflation situation is going on, strengthening the expectation that the Federal Reserve will cut interest rates next week. Based on the chart, it can be seen that the gold price is fluctuating on 2 ema 34 and EMA 89, showing a next gain. However, before that, the price of gold will return and test the supporting area of ​​2,616, if the price is maintained the ability to turn on the increase in the resistance of 2,793 is very high, and the interest rate continues to cut, the price of gold can go far away. More than 2,900. Predict the ability to cut interest rates, with the swap rate of 92%, the next will focus on the upcoming PPI data and the number of unemployment benefits. Traders need to consider this information to be able to trade more smoothly.
OANDA:XAUUSDLong
by Sophi-A
USD/JPY Extends Uptrend, Targeting Resistance at 154.40USD/JPY continues its uptrend, trading around 152.90 after JPY hit a two-week low. The weakness in JPY, driven by fading expectations of a BoJ rate hike and rising U.S. bond yields, continues to bolster USD strength. On the 4-hour chart, USD/JPY maintains a stable upward trend with consecutive higher highs and lows. The EMA 34 and EMA 89 levels at 151.72 and 151.60, respectively, serve as strong dynamic supports, while the nearest support at 151.90 is a crucial level for sustaining bullish momentum. If the price holds above this area, USD/JPY could extend its rise, testing the key resistance at 154.40. A breakout above this resistance could pave the way for the next target at 155.00. Conversely, a break below 151.70 may trigger selling pressure, pushing the price down to 151.00 before a potential rebound. With upward-sloping EMAs and strong buying interest near support zones, the bullish outlook remains dominant. Traders should closely monitor fundamental factors like BoJ policies and U.S. economic data for further direction.
Long
by Thaco_
EUR/USD: Sideways Trend with Dominant Downward PressureEUR/USD continues to decline for the fifth consecutive day, trading below 1.0500, as the ECB’s 25-basis-point rate cut weakens the Euro, while the USD maintains its strength due to stable market sentiment. On the 1-hour chart, EUR/USD is moving within a clearly defined downward channel, with lower highs and lower lows. The current price is below the EMA 34 and EMA 89 at 1.0491 and 1.0511, reinforcing the bearish pressure. The nearest support lies in the 1.0450-1.0440 range, where the price may temporarily find buying interest before continuing its decline. If this level is breached, the next target would be 1.0420. Conversely, the key resistance level is at 1.0498, aligned with the upper boundary of the descending channel. A breakout above this level could trigger a short-term rebound, although this scenario seems less likely under the current conditions. Traders should closely monitor key support and resistance levels to optimize their strategies, as the dominant outlook remains bearish.
Short
by Thaco_
EUR/USD decreased before the ECB interest rate callThe EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation. Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200. Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Short
by Sophi-A
LT - Long SetupCMP 3947 on 09.12.24 Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels. Immediate supports seem to be around 3860 and 3740. One may start buying from the current price to as low as 3860, multiple times. Always keep the position size in accordance with risk management. The setup fails if the price sustains below 3730. All this illustration is my own view, shared only for learning and observation purposes. It is not a piece of trading advice in any form. All the best.
NSE:LTLong
by anandlive
ICICIBANK LOOKING GOOD TO SOAR HIGHICICIBANK is currently trading at 1328.75, showcasing a strong breakout and successful retest at a critical level, where the previous resistance has now turned into support. The stock has consistently performed exceptionally well since its inception, supported by great fundamentals and a solid technical setup. With this bullish momentum, a significant rally could be on the horizon in the coming weeks. The levels and targets for both short-term and long-term trades are clearly defined and promising. P.S. The long-term outlook extends until the end of next year.
NSE:ICICIBANKLong
by AlphaTradesTM
EUR/USD Technical and Fundamental OutlookAs the week comes to a close, EUR/USD is trading around 1.0575, maintaining its bullish momentum. The pair is moving within an ascending wedge pattern, supported by the EMA 34 and EMA 89, which underscores a steady upward trajectory. From a technical standpoint, the price is holding near the upper boundary of the wedge, with immediate resistance seen at 1.0585. A breakout above this level could pave the way for further upside, targeting the next significant level around 1.0620. This structure signals a potential continuation of the bullish trend if key resistance levels are breached. On the fundamental side, the current uptrend is bolstered by positive sentiment surrounding data from the Eurozone and a weakening demand for the US Dollar. These factors are creating a supportive environment for the Euro, encouraging sustained buying pressure in the pair. Looking ahead, traders should closely monitor the wedge breakout, as it could provide a clearer signal for the pair's trajectory into next week. Whether EUR/USD extends its gains or faces rejection at resistance will largely depend on both technical confirmations and evolving market fundamentals.
Long
by Bo-Samson
GBPUSD todayThe GBP/USD pair remains in a tight range, hovering just below the mid-1.2700s during Friday’s session, as it consolidates its recent three-day rally. This upward movement propelled the pair to its highest level in over three weeks during the previous day. However, traders appear cautious, refraining from placing significant bets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report, which is set to be released later today. The NFP data, a critical barometer for the U.S. labor market, will be closely analyzed for clues regarding the Federal Reserve's interest rate trajectory. Market participants are eager to see how the data aligns with the Fed’s policy outlook ahead of its December meeting. The report is expected to play a pivotal role in shaping near-term sentiment around the U.S. Dollar (USD) and could provide fresh directional impetus for the GBP/USD pair.
Long
by Bo-Samson
Gold Weakens Further as Market Awaits Fresh CatalystsGood morning, traders! In the early hours of Friday's trading session, gold continues to weaken, losing over 12 pips. This decline reflects a temporary pause from bullish investors as they seek new drivers for upward momentum. From a technical perspective, the chart shows that while long-term bullish momentum remains intact, the current pullback appears to be nearing its conclusion. Support is forming around the $2,566 zone, followed by $2,630. In the short term, gold may experience further declines as the market awaits directional clarity from news expected later in the day. On the other hand, the long-term bullish trend remains a favored bet, with key upside targets marked clearly on the chart. Happy trading, and may your trades be profitable! Don’t forget to leave a like and share your thoughts about the outlook for this precious metal. Cheers!
OANDA:XAUUSDLong
by Bo-Samson
3
TRENT Stock: Key Levels, Trends, and Trading StrategiesTrend Analysis Primary Uptrend: The stock has been following a strong upward channel, as shown by the blue trendlines. Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure. Current Channel Movement: The price is trading within a secondary ascending channel, showing shorter-term consolidation within the broader trend. This setup suggests that while the uptrend remains intact, the stock is in a phase of measured growth. Key Levels Support Levels: ₹6,688.75: A critical near-term support level, highlighted in red. This level aligns with the lower boundary of the short-term channel. ₹6,353.25: The major support level that the price must hold to sustain the broader uptrend. Resistance Levels: ₹7,081.15: A key resistance zone, which the stock has been testing recently. ₹7,234.70 and ₹7,445.10: Further resistances that could come into play if the stock breaks out above ₹7,081.15. ₹7,644.10: The ultimate resistance in the current setup, beyond which the stock could experience strong bullish momentum. Volume Analysis: A noticeable volume spike occurred during the last leg of the uptrend, signaling strong accumulation by investors. Current volume trends are more subdued, suggesting a period of consolidation, which often precedes a breakout. Key Observations Bullish Flag Formation: The stock is forming a bullish flag, a continuation pattern that often leads to further upside. A breakout above ₹7,081.15 could confirm this pattern. Potential Scenarios Bullish Case: If the stock breaks ₹7,081.15 with strong volume, it could rally toward ₹7,234.70 and eventually ₹7,644.10. Bearish Case: If the stock breaches ₹6,688.75, the next support at ₹6,353.25 will be crucial to watch. TRENT stock exhibits strong upward momentum, making it an attractive option for traders. A breakout above ₹7,081.15 could signal further gains, while buying near ₹6,688.75 support levels offers a favorable risk-reward setup. As always, implementing strict stop-loss levels and sound risk management is crucial to handle potential market volatility effectively.
NSE:TRENTLong
by ayusharya_001
EUR/USD: Bearish Pressure IncreasesEUR/USD marked its second consecutive day of gains, extending its recent breakout above the 1.0500 level in response to the US Dollar's uncertain stance ahead of key US data releases later this week. The 4-hour chart indicates that technical risks remain tilted to the downside, as the pair continues trading below all its moving averages. These averages maintain a bearish slope, creating dynamic resistance around the 1.0560 level. Meanwhile, technical indicators remain within negative territory, lacking clear directional strength. In the short term, and according to the 4-hour chart, EUR/USD appears poised to extend its decline. The pair is trading below the bearish-moving averages, encountering sellers near the EMA 34 and 89 levels. Finally, technical indicators are neutral-to-bearish, positioned below their midlines, supporting the extension of the downtrend without providing a definitive confirmation. Support levels: 1.0465, 1.0420, 1.0370 Resistance levels: 1.0560, 1.0625, 1.0660
Short
by Bo-Samson