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Longsetup

EURJPY Declines, Watch 157.1 and 155.3The EURJPY chart shows a clear downtrend, with the price trading below the EMA 34 and EMA 89, confirming strong selling pressure. The key resistance is identified around 157.100 USDT. If the price fails to break this level, it is likely to retest the support zone at 155.321 USDT. The downtrend is expected to continue unless there is a reversal. The market is also significantly influenced by the interest rate decisions from the ECB and BOJ, which will be crucial in determining EURJPY's direction in the near future.
Short
by Romio_pro
AUDUSD Declines, Watch 0.6640 and 0.6690The current AUDUSD chart shows a short-term downtrend as the price trades below the EMA 34 and EMA 89, indicating that selling pressure remains dominant. The key support level is at 0.6640 USDT, while the nearest resistance is at 0.6690 USDT. The price is expected to correct towards the support before potentially rebounding, but failure to break resistance may result in a retest of the support level. The market is also heavily influenced by factors such as the Fed's interest rate decisions and economic data from Australia, which could cause significant short-term volatility.
Long
by Romio_pro
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Romio_pro
EURUSD 1.1032: Resistance at 1.1300, Pressure from ECB & FEDEURUSD is currently fluctuating around the support level of 1.10320, where it has bounced several times. If this level holds, the price could rise towards the resistance level of 1.1300. The RSI is at 39.81, indicating strong selling pressure, but potential buying interest may emerge at this support. The short-term downtrend remains intact as the price is below both the EMA 34 and EMA 89. In terms of news, the ECB is expected to adjust its monetary policy this week to tackle high inflation in the Eurozone. Meanwhile, the USD is strengthening due to expectations that the FED will continue its tight monetary stance. These factors from the ECB and FED will significantly impact EURUSD’s next moves.
Long
by Romio_pro
EURUSD Awaits Nonfarm, Potential for Price IncreaseNonfarm Payrolls data and U.S. labor statistics have a strong impact on the USD and EURUSD trend. If the data is unfavorable, EURUSD may see a price increase. On the chart, EURUSD is fluctuating around 1.11077 after reaching resistance near 1.11500. The EMA 34 and EMA 89 are supporting the short-term upward trend, indicating that the price may continue to rise after the current adjustment. EURUSD could make a slight correction to 1.10760 before rising again. If support holds and economic news is favorable, the next target is 1.11389.
Long
by Romio_pro
1
GBPUSD: Resistance at 1.32225, Strong Support at 1.30969The chart shows GBPUSD facing strong resistance at 1.32225, tested multiple times but not yet broken, as indicated by the red arrows. Both EMA 34 and EMA 89 confirm that the long-term uptrend remains intact, despite the price temporarily correcting towards the support zone. The two key support levels are Support 1 at 1.30969 and Support 2 at 1.31182, with price responding well, showing strong buying pressure. GBPUSD is likely to fluctuate within the range of 1.3050 - 1.3250 before a clearer trend emerges. If it breaks above the 1.32225 resistance, the pair could continue to rise. The slight decrease in the UK's GDP may put short-term pressure on the GBP. However, the Bank of England (BoE) potentially raising interest rates adds uncertainty and volatility to the GBPUSD pair.
Long
by Romio_pro
EURUSD Faces Resistance, Downtrend ContinuesThe price is fluctuating around the EMA lines, with the EMA 34 above the EMA 89, signaling a short-term recovery but not strong enough to break the main downtrend. A strong support level at 1.10300 has previously caused the price to bounce back. This is also the level that may be revisited if the downtrend continues. The 1.1158 zone is a strong resistance. If the price fails to break through this area, the downtrend is likely to persist. The RSI is at a neutral level, near 50, indicating that the market is balanced, with no signs of being overbought or oversold. EURUSD could continue to decline towards the support level before retesting the resistance. If it fails to break the resistance, the downtrend may continue in the near future.
Short
by Romio_pro
1
USDJPY Tests 143 USD Resistance, Sell Opportunity AheadThe market is influenced by the monetary policies of the Bank of Japan and the Fed, along with U.S. interest rate updates and global economic conditions, continuing to cause volatility for this currency pair. On the 4-hour USDJPY chart, the price is trending downwards, moving below both the EMA and SMA 20, signaling strong selling pressure. The resistance near 143 USD has been tested several times but remains unbroken, indicating strong selling forces at this level. If the price fails to break the 143 USD resistance, USDJPY is likely to continue its downward movement, heading toward the 140 USD level. This could present a potential selling opportunity if the downtrend persists.
Short
by Romio_pro
LTTS - Keep On RadarCMP 5622 on 07.09..24 The stock price has formed a Cup & Handle pattern in the last more than 2 years. The breakout level is around 6000. At the moment of retracement, it may come down to 5450 to 5250. If the price is above the 54200 level, this setup has relevance. It goes weak if the price sustains below 54200. Always keep your risk management in control, and the position sizing too. Projected targets are indicated on the charts. This illustration is only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:LTTSLong
by anandlive
7
EUR/USD Near 1.11400 Resistance: Breakout or Pullback?The chart shows an upward trendline with EUR/USD approaching the key resistance level of 1.11400, where selling pressure may arise if the price fails to break through. The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance. EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
Short
by Romio_pro
Gold Sideways: Waiting for a Breakout to Determine the Next TrenGold is currently trading sideways between resistance at 2,530 and support at 2,480, awaiting a breakout to determine the next trend. EMA 34: Acting as near-term support, indicating a short-term uptrend. If the price falls below EMA 34, selling pressure could increase. EMA 89 provides medium-term support; maintaining the price above EMA 89 will support the uptrend. Traders should look for confirmation signals from a breakout model. A price move beyond the resistance or support levels will signal a clear trading opportunity. Whales are trading large volumes, creating strong volatility and potentially causing unexpected gold price increases.
OANDA:XAUUSD
by Romio_pro
Gold poised to surge on NFP and U.S. inflation data.Tonight, key figures for NFP, Employment Change, and the U.S. Unemployment Rate will be released. The labor market outlook is predicted to be negative, with Nonfarm Payrolls expected to reach only 164K and the unemployment rate to drop to 4.2%. Average hourly earnings are forecasted to increase from 0.2% to 0.3%, indicating rising inflation pressure. This could cause significant volatility for the USD and push gold prices higher. The 4H XAUUSD chart shows a breakout from the downtrend channel, with gold surpassing resistance at 2,526 USD and support from EMA 34 (2,505 USD) aiding the upward move. Interestingly, after this breakout, gold is likely to continue toward the target of 2,550 USD, a level many investors are anticipating. Stay updated with market news for more accurate trading. Wishing everyone successful trades.
OANDA:XAUUSDLong
by Romio_pro
Resistance at 0.67415: AUDUSD at Risk of a Deep DeclineThe 4H chart of AUDUSD shows the price facing a significant resistance zone around 0.67415, where the EMA 34 acts as a dynamic resistance. EMA 34 and EMA 89 play crucial roles in the short-term trend, with the price fluctuating between these levels and possibly facing downward pressure if it fails to break through the resistance. A key support zone is clearly marked at 0.66800, and if the price breaks this level, it is likely to continue its deeper decline. In terms of news: The Australian Dollar is often affected by economic indicators from China, especially production and export data. Any negative factors from China's economy may further weaken the AUD.
Short
by Romio_pro
GBP/USD Testing 1.31700 Resistance: Rise or Pullback?The chart shows GBP/USD was in a downtrend within a price channel but has now recovered and broken out of it. Key support lies around 1.30800, which the price might revisit if it fails to break the current resistance. Key resistance is at 1.31700. If this level is broken, GBP/USD could continue its upward trend. If the price breaks the 1.31700 resistance, investors may consider buying, with a near-term target of 1.31464 or higher. Regarding news: Economic data from the UK and US will have a significant impact on this pair. Interest rate decisions and employment reports from both countries will be key short-term drivers.
Long
by Romio_pro
AUDUSD Testing Support: Resistance at 0.6750AUDUSD is testing the support level around 0.6680, an important level previously validated. If the price holds above this support, it may rise towards the 0.6750 resistance, though the EMA 34 and EMA 89 could limit the upward move. If the price holds above 0.6680 and rebounds, traders may consider opening buy positions with a target of 0.67097. Regarding news: PMI reports, unemployment data, or interest rate decisions from the RBA and FED could impact AUDUSD. If the U.S. economy shows positive signs, the USD could strengthen, putting pressure on the AUD.
Long
by Romio_pro
USDJPY Deepens Decline: Support at 144.500, Target 143.000On the 3-hour chart, USDJPY is declining, approaching a key support level at 144.500, a level that has been tested and may react in the short term. If the price tests this support and doesn't recover strongly, it is likely to continue its downtrend with the next target at 143.000. The 89 and 34 EMAs act as resistance levels at 145.776 and 145.718, reinforcing the downward trend. RSI at 42.88, near the oversold zone, indicates the price may drop further before a slight upward correction. Investors may consider selling if the price breaks the 144.500 support, with a short-term target at 143.000. Regarding news: Inflation data from Japan and the U.S. will impact USDJPY. If Japan's inflation remains low, the Yen could weaken further.
Short
by Romio_pro
ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Overview ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is currently navigating through an ascending channel, as shown in the 3-hour chart. It’s like watching a circus performer carefully walk a tightrope – thrilling, but you never know which way it will go! Technical Pattern: Ascending Channel The price action of ICICIPRULI has been steadily climbing within the confines of an ascending channel. This pattern is characterized by higher highs and higher lows, creating a channel where the price is currently dancing near the upper boundary. Channel Resistance: The upper boundary, currently acting as resistance, is approximately near ₹770-₹775. Channel Support: The lower boundary, providing support, is hovering around ₹735-₹740. Current Price: ₹768.00 (as of the last candle close) Volume: 97.709K – indicating moderate trading activity, almost like the audience holding their breath as they watch the performer’s next move. Price Action Analysis ICICIPRULI’s price has recently tested the upper boundary of the ascending channel, but couldn’t muster the strength to break out. This is like trying to reach the top shelf without a stool – so close, yet so far! The price has pulled back slightly, hinting at a potential consolidation before the next big move. What to Watch For Breakout or Breakdown?: The key question is whether ICICIPRULI will break above the channel's resistance or succumb to the support line. A breakout could lead to a bullish run, while a breakdown might see the stock tumble towards lower levels. Volume Confirmation: Watch the volume closely. A breakout with strong volume could confirm the move. On the other hand, if the price breaks down with increased volume, it could signal a bearish shift. RSI and Other Indicators: Keep an eye on RSI and other momentum indicators to gauge the strength of the current trend. Possible Scenarios Bullish Scenario: If ICICIPRULI breaks above the channel resistance with significant volume, it could head towards the next resistance levels around ₹800-₹810. Bearish Scenario: If the stock fails to hold the channel support and breaks down, we could see a pullback towards ₹735 or even lower. Conclusion ICICI Prudential Life Insurance Company Limited is at a critical juncture, much like that tightrope walker deciding whether to step forward or retreat. While the ascending channel provides a structured path, the real question is – will the stock perform a grand finale with a breakout, or take a cautious step back? Stay tuned, and remember to enjoy the show while keeping an eye on those risk management strategies!
NSE:ICICIPRULI
by TRADING-NASA
XAUUSD Holds Strong Support: Breakout Target 2,523On the 4-hour chart, XAUUSD is currently in a strong support zone around 2,470 - 2,480, a level that has been tested multiple times in the past. The downward trendline is acting as resistance, but there are signs of a potential breakout above this trendline. The breakout target could reach 2,523, but it's important to note that the price may retest the support zone before moving higher. If the price breaks above the resistance trendline, consider opening a buy position with a take profit target at 2,523. At the moment, U.S. economic reports such as NFP data and FED speeches on interest rate policy are key factors directly impacting gold prices.
OANDA:XAUUSDLong
by Romio_pro
EURJPY Pressure: Support 159.552, Interest Rate ResistanceEURJPY is declining after hitting strong resistance at 163.000, causing a price pullback. The 34 and 89 EMAs are acting as resistance levels, adding selling pressure in the market. The MACD indicator shows that downward momentum is slowing, but there is no clear signal of a strong reversal yet. If the price holds above the 159.552 support and shows signs of recovery, investors may consider opening buy positions with a target around 161.000 - 162.000. Regarding news: Interest rate decisions from the ECB and BOJ will significantly impact EURJPY. Tightening from the ECB may push EUR higher, while BOJ's negative rates could weaken JPY.
Long
by Romio_pro
GBPUSD: Awaiting Rate Hike Signals, Trend Reversal RiskGBPUSD is currently in a short-term uptrend. The EMA 34 is above the EMA 89, indicating that buying pressure still dominates the market. The chart shows that the EMA 34 remains above the EMA 89, but if there is a downward correction, the EMA 34 could potentially cross below the EMA 89, signaling a bearish trend. The RSI (14) is currently at 52-54, suggesting that upward momentum remains but is close to the overbought region. If it surpasses 70, there might be a correction or a bearish reversal. If the price fails to break through the resistance level of 1.32800, GBPUSD might revisit the support level of 1.30600. Regarding news: Investors are awaiting interest rate signals from the Fed; if rates are increased, the USD will strengthen, putting downward pressure on GBPUSD. The BoE also faces pressure to adjust rates due to high inflation and the challenging economic conditions in the UK.
Short
by Romio_pro