BTC ready for breakout BTC ready for breakout
BTC one possible upside breakout possible after a good consolidation sessions since many days
Breakout Level 71200
for Possible Target 73900 74000
Longsetup
DR Reddy: A bet for long and short termStock has given a long-term TL BO on weekly TF with Volumes
Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months)
and round bottom in long term (12-15 Months)
For long term investor:
The SL should be 2150 with Target of 4000 (Round Bottom Target)
however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low.
DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
GBPUSD trading strategyHello dear trading community! Today, let's explore the GBPUSD pair together!
Currently, GBPUSD is moving steadily, fluctuating around the 1.263 level, with minimal changes compared to yesterday's session. It seems that today, with the world on holiday, there won't be many significant fluctuations affecting our trading strategy.
In the short term, the range between 1.264 and 1.259 is the battleground for GBPUSD. Any violation at these levels could signal a breakthrough, setting the stage for the next wave of buying or selling action!
GBPUSDWelcome investors,
As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past.
During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD pair. Comments from midweek by Federal Reserve Governor Christopher Waller indicated that the Fed has no end in sight to reducing interest rates amid the excess formula. He emphasized that a precise stretch knot may be required to provide the desired 2% stability.
In the current situation, the GBP/USD pair maintains its hardware unchanged, continuing to forecast a slight downtrend by correcting downwards towards the 1.267 area. Looking ahead to next week, sellers may look for opportunities to strengthen around 1,251 support.
EURUSD: Bears continue to dominate the market!Hey there, forex family! Today, EURUSD takes a momentary pause as the global market enters a holiday period. However, looking ahead, the US dollar is strengthening, influenced by hawkish sentiment surrounding the Federal Reserve and expectations of higher interest rates.
Technical analysis adds to the story, as the price breaks below the 1.0800 support level and trades below both the EMA 34 and 89, currently favoring the sellers. Our preferred move is to target a decline to the 1.0700 level.
Bajaj FinanceThe stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts.
If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts.
If closes below 6520 for two days, may go weak according to this setup.
The risk-reward ratio is good in this setup.
This illustration is my view, only for learning and sharing purposes, not trading advice in any form. Please conduct your analysis before taking any trade.
All the best.
Pulling back to Fair Value Gap | Long BiasOn day chart
After breakout previous ATH at $50, now AVAX is pulling back to the support around #FairValueGap at $45
Besides, AVAX is supported by Ascending Trend Line
Wait for rejection around this support
USDJPY : Continues to move sideways above the high price range !The USDJPY pair continues to trade quietly and seemingly stagnant at record highs, lacking upward momentum. The prevailing trend favors a sideways movement despite signals from the EMA 34 and 89 continuing to support an upward bias.
From a technical standpoint, any further price increase may encounter strong resistance and remain limited near the 152.00 level. The mentioned barrier will act as a key pivot point, and if decisively broken, it would be considered a new catalyst for bullish traders. With oscillators on the daily chart holding in positive territory, the USD/JPY pair could extend the well-established uptrend since January 2023 and climb further towards the psychological level of 153.00.
On the other hand, the overnight low volatility around the 151.00 level seems to be protecting the immediate downside. Any further decline is likely to attract new buyers and still be limited near the support area of 150.25. Keeping an eye on the psychological level of 150.00, a decisive break below it could potentially accelerate the downward correction process for the USD/JPY pair towards the region of 149.35-149.30 en route to the round number of 149.00.
USDJPY: Price continues to stand still!Today, USDJPY concluded its trading activities around the level of 151.35, with little change due to continued subdued trading throughout the past week. The strength of the US dollar, reinforced by hawkish statements from Fed officials, has not yet provided enough motivation for a significant increase in this currency pair.
In the short term, the trend remains uncertain as USDJPY moves steadily within a range. The EMA lines also do not indicate a clear trend direction, so we will wait for a breakout from the current pattern to determine a more strategic and secure entry point!
Gold prices continue to receive support!Idea of gold trading: The price of gold in the world market has increased during this morning's trading session due to the lack of improvement in business environment and consumer confidence in the European economic region in March. Investors have expressed concerns about the global economy facing difficulties, leading them to increase their purchases of gold as a capital reserve and profit-seeking strategy. As a result, the precious metal has reached a level of $2,200 USD at present.
Additionally, the price of gold has also benefited from the recent terrorist attack at a concert hall in Crocus, Krasnogorsk, Moscow, which occurred six days ago, as well as a major bridge collapse incident in Baltimore, USA - Francis Scott Key Bridge - affecting water transportation operations at the second-largest port in the United States.
Trading plan for March 28th:
👨💻 XAUUSD BUY zone 2178 - 2175 🔹SL 2173 🔹TP 2190 - 2200
👨💻 XAUUSD SELL zone 2207 - 2209 🔹SL 2212 🔹TP 2200 - 2190
Wishing you all Full TP 💵💵💵
AMB weekly looks bullish$BINANCE: AMBUSDT
looks good in the weekly time frame making like a double bottom and already breakout and retest already so we can see an upside target in the coming days
Gold strategy today: Should I sell or not?Gold prices returned to the red zone below $2,200 in Asian trading on Thursday, following a two-day recovery. However, gold and other precious metals remain constrained and are yet to make a breakthrough.
The scarcity of economic data in the US has prompted investors to buy gold on Wednesday, amid increasing speculation about a Fed interest rate cut in June. All attention is focused on the mid-tier data from the United States.
The Federal Reserve Governor delivered a hawkish message while speaking about monetary policy at the Economic Club of New York. His comments have spurred a new increase in US Treasury bond yields and contributed to the strengthening of the US Dollar, putting pressure on gold prices that do not yield interest.
Establish a SELL for gold around the 2195 - 2220 USD range.
ARUSDT Cup & Handle formation and verge of breakoutBINANCE:ARUSDT
- It's forming a bullish pattern and looks solid here if it breakout this cup & handle pattern and hold above this then it can go to 60$ in coming days
Gold price continues to increase (March 28)Hello dear friends, let's explore the price of gold today with RKarina!
Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190.
As a result, the precious metal is on an upward trend as investors await inflation data from the United States. The report on the core Personal Consumption Expenditures (PCE) index for February is expected to provide new clues about the timing of the Federal Reserve's policy shift. The core PCE in the US increased by 0.3% in January.
These pieces of information, combined with technical analysis from the charts, seem to indicate a positive outlook for gold. The EMA 34 and 89 still give us positive signals for an upward trend, with expectations of reaching a high of $2222 once again.
What are your thoughts on the current trend of gold?
What's Next for EURUSD? Deciding to Sell in VisionHello all traders!
Today, I want to share my thoughts on the EURUSD currency pair, a hot topic for those who closely follow the forex market. Although EURUSD is still holding above the 1,080 support level, I see that the signal is not very positive for the future of this pair.
Looking at the long-term trend, it seems that the pair is on the decline. Additionally, the price is currently trading below both the 34 and 89 EMAs, which further reinforces my bearish view. The US Dollar (USD) is currently experiencing a slight increase, putting pressure on EUR/USD and causing it to decline accordingly.
If the market bears can take control and push the price below the current support level, I will without hesitation start selling EURUSD. My target would be the 1,070 level.
For those looking for opportunities in the forex market, it may be time to consider a short position in EURUSD, based on current signals and analysis. We need to be ready to act when the market gives us such clear signals.
BTC Bullish Pole And Flag Breakout BTC Bullish Pole And Flag Breakout
BTC Ready for more 4000+ Points Bullish Move
Follow Chart for Entry and Target Levels
Targets - 71650 73800 max 900
BTC sustaining above 73900 = NEW ALL TIME HIGH
GBPUSD: Continues to weaken!Hey there! Are you wondering whether GBPUSD will rise or fall today? Let's explore and find out together!
Yesterday, GBPUSD continued its downward trend, seemingly solidifying its bearish trajectory by breaking below the support level at 1.261. The reversal signal from the 34 EMA line further indicates that the bear camp is currently dominating the market. Moreover, the lackluster recovery of USD has failed to provide the necessary momentum for GBPUSD to make a significant comeback.
I am leaning towards a selling trend and predicting that the price may retest the level of 1.251. What about you? Do you share my sentiment?
GBP/USD: New technical and volatility forecastOn Tuesday, GBP/USD recorded a bullish rally, reaching a high of 1.2670. However, this upbeat event did not last, and the pair lost its upward momentum in the second half of the day, when it finally traded below 1.2650 light to Europe Wednesday. Despite signs of technical indicators suggesting an increasingly strong bearish trend, the price currently remains stable, mainly hovering around 1,262.
It seems that the sellers are cautious and do not want to connect with the bearish trend depth below 1.2600 without large fundamental changes supporting the move. Meanwhile, the US Dollar was able to gain recovery strength against other majors in the second half of Tuesday, supported by cautious sentiment and strong February Durable Orders data. than expected, the recovery mechanism of this pair is limited.
From a technical analysis perspective, the GBP/USD pair continues on a downward trajectory with a small retracement towards the 0.618 Fibonacci zone. The target has been shortened to 1,252, suggesting the possibility of a bearish trend continuing.
Given the current situation, market participants need to take care of a solid base, pay attention to all small variations and be ready for strategic adjustments in accordance with market developments.
XAUUSD: How to trade? Buy or sell?Hello traders!
Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk for the week.
From a technical standpoint, gold remains in a sideways trend with slight upward movement in the short and medium term. Gold trading activity is fluctuating within the range of $2150 - $2200. A decisive break above or below either of these levels could signal a stronger move is imminent. Trade wisely and enjoy!
USDJPY: The direction of movement is difficult to predict!"Hello dear traders! Today, it seems that USDJPY is frozen in time, hovering unchanged as it looks up at the peak around 151.700, a record high it has recently reached.
Market pundits are taking a cautious stance towards USD/JPY, predicting that a Fed interest rate cut is not just a possibility but an inevitability; it's a question of 'when' rather than 'if'. Meanwhile, growing consensus suggests that the Bank of Japan (BoJ) may soon start adjusting its own interest rates. It's a quiet trading day today as we await new market signals. Stay tuned and trade wisely!"
Let me know if this vividly paints the current market landscape for you!
EURUSD: The threat is still there!Hello, dear friends! What do you think about EURUSD today?
As predicted, EURUSD has faced difficulties in breaking the resistance level at 1.086 and has started to retreat. The slight increase in the US dollar has led to a defensive risk sentiment, contributing to a mild decline in EUR/USD to the area of 1.0830, amidst increasing caution ahead of the release of US PCE on March 29th. From a technical analysis perspective, the path ahead for this currency pair seems to have multiple obstacles as the downtrend line is still in play. Continued violation below the key support level at 1.080 could potentially cause the exchange rate to slide even further.
JUBILANT FOODWORKS - Time for a pullback recovery trade?SYMBOL - JUBLFOOD
JUBLFOOD is currently trading at an important support zone of 450-430.
CMP is 440.
I'm seeing a trading opportunity here.
I'm taking long positions in march futures & 460 CE (CMP 5.95-6) both. I will add more position if getting 432-434. My stoploss would be below 425.
I'm expecting a recovery till 470 & 485.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
What changes in gold prices?Hello, wonderful companions! Let's delve into the golden hue of yesterday's market session.
Gold seemed to pause after reaching $2,200 once again, finding a steady rhythm around $2,178 in the early hours of Wednesday's Asian trading session.
Looking at the future prospects of gold, the short-term outlook remains optimistic. Predictions are being built around the potential interest rate cut by the Federal Reserve, boosting the rise in gold as investors eagerly await important inflation data later this week. This data will play a crucial role in determining the timing of these anticipated rate cuts.
Expectations are that gold will continue to rise due to the anticipation of interest rate cuts, unless the Fed changes its stance or signals a departure from the expected rate cuts.
