Today, the price of gold continues to remain high and has a tendency to increase to nearly 2385 USD, with moments approaching the threshold of 2,400 USD/ounce. Escalating tensions in the Middle East serve as a supportive factor for gold. Recent capital flows have consistently sought out gold as a safe haven. Gold could easily surpass the 2,400 USD/ounce mark for...
Gold prices continued to rise today due to increased demand for safe-haven assets amid escalating tensions between Iran and Israel. This has prompted investors to flock to the gold and USD markets to protect their assets. Precious metals are on the rise even as US economic indicators and the USD index increase, raising concerns that the US Federal Reserve may...
EUR/USD continues to decline, nearing the 1.0620 level and moving away from the year's low of 1.0600 recorded at the beginning of Wednesday's Asian trading session. However, hawkish comments from Federal Reserve officials and the flow towards safe-haven assets could strengthen the US dollar and limit any short-term benefits for this currency pair. Nevertheless,...
Hello everyone, are you curious about the current trend of EURUSD? Today, EUR/USD has risen to nearly 1.0650, recovering from its five-month low of 1.0622 reached last Friday. The US dollar has strengthened due to increased buying pressure in the midst of political instability, which has put downward pressure on this currency pair. The support level of 1.070 has...
USD/JPY is experiencing a slight decline, trading around 154.65 in the early hours of Wednesday's Asian trading session. The strong US economy and inflationary challenges have sparked speculation that the Federal Reserve may postpone the start of its tapering cycle to September instead of June, providing support for the US dollar. From a technical perspective,...
The stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen. Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation). This illustration is only my point of view, for learning and sharing purposes, not a bit of trading...
Dear investors, We are currently at an important turning point, faced with the choice between reinvesting in gold - an investment that has eternal appeal, or going in another direction, exploring new opportunities. Yesterday, gold experienced strong fluctuations, when the price fell below 2,325 USD/ounce. However, as if it were participating in a detective...
PETRONET its multibagger stock . long term investors this monthly break out show on chart with good volume spike so , my side is buy . for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before...
Hello everyone! This week, GBP/USD has witnessed a slight recovery, climbing above the 1.2450 level after dropping to its lowest point in November at 1.2426 last week. The technical outlook still signals a downward trend, but easing geopolitical tensions may prolong the currency pair's recovery time. Investors sought safe haven assets last week following reports...
Symbol - INFY INFOSYS is currently trading at 1445. 1450-1400 is a good support area for INFY. I'm seeing a trading opportunity on buy side. Buying INFY Futures at CMP 1445. I will be adding more if 1425 comes & hold with 1395 SL. Targets I'm expecting are 1495 - 1570 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
Gold prices moved in a narrow range on Tuesday, holding steady near a record high. The ongoing crisis in the Middle East continues to influence investor sentiment, increasing interest in the precious metal. Even though the US dollar is strengthening, gold is still showing resilience as US Treasury yields fall from multi-month highs. Reducing geopolitical tensions...
LTIMINDTREE is currently trading in a support zone of 4850. It is trading in a good demand zone. So I'm taking long position in April Futures at CMP 4860-4870. I will be adding more position if 4750 comes & will hold with SL below 4700. I'm also tracking LTIM 5000 CE as well. I will be adding position in this too. I'm expecting it to bounce from here and reach...
EUR/USD has been falling for the past six sessions, trading around 1.0600 during the Asian session on Tuesday. The US dollar, supported by rising US Treasury yields, is asserting its strength, putting pressure on the pair. When looking at the current situation, unstable economic factors in the euro area, along with the potential recovery of the US economy, are...
The GBP/USD pair is seeing a continuation of its strong downtrend, with the lowest since November 17 recorded during Tuesday's Asian session. Currently, GBP/USD is re-approaching the bottom of the monthly descending channel at 1.2440, and a test of this level is underway. Last Friday's low of 1.2430 is also in the market's sights. A clear break through this...
Symbol - EURPLN EURPLN is currently trading at 4.25400 I'm seeing a trading opportunity on buy side. Buying EURPLN pair at CMP 4.25400 I will be adding more if 4.23000 comes & will hold with SL of 4.22000 Targets I'm expecting are 4.28500 - 4.30500 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my...
Let's all join in and devise a strategy to earn gold this week! Last Friday, gold experienced a significant decline, plummeting nearly 1000 pips from $2431 to $2333. However, as we begin this week, gold has quickly regained its upward momentum, similar to recent trends. Currently, the price is hovering around $2360, after a 0.64% recovery today, equivalent to...
The stock market is abuzz with the recent bullish run of ITC shares, sparking interest and speculation among investors. This analysis delves into the factors driving this surge and explores potential implications for traders and stakeholders. EMA 200 - Crossing Mutual Funds holding - Dec 2023 -9.66% June 2023- 9.17% Target 1- 455 Target 2- 480 Target 2 - 525
Hey everyone, buckle up because yesterday was one challenging ride! Shortly after the CPI news was broadcasted, the EUR/USD pair took a nosedive straight into the red zone. Surprisingly, surprisingly - the US inflation data for March threw us a curveball, pushing the US dollar to its highest level in a year. This move put pressure on major currency pairs, causing...