Bank Of Baroda at a crucial resistance level of 14 years. If it breaks out, then we are looking at huge upside. Alternatively, if it reverses from this point, then can be a good shorting opportunity for a swing trade. My personal view is that a breakout is on the cards as monthly, weekly and daily RSI are all pointing towards that with good volumes. Only...
Hello dear friends! What is your prediction for the movement of gold today? Last night, gold briefly touched the $2025 mark before quickly recovering to stabilize around the $2035 range, facing challenges around this resistance level. Due to the narrowing Bollinger Bands, it is predicted that gold will have minimal volatility today, possibly fluctuating between...
Good entry opportunity in Wheels India. Price is on the trend line, so risk-reward ratio is good. Can exit with 1:2 target also. SL can be extended upto 530.
The GBP/USD exchange rate is hovering around 1.2680 on Wednesday as markets seek new impetus from the Federal Reserve (Fed) as investors gradually shy away from high-interest rate cut bets. Data on US Gross Domestic Product (GDP) inflation and Personal Consumption Expenditures (PCE) Price Index will be released this week. Data from the United Kingdom remains...
Hello dear friends! Today, USDJPY continues to be limited below the resistance level of 150.750 in the early trading hours of the new week. This currency pair is declining due to the decrease in US Treasury bond yields, amid cautiousness and concerns about inflation data in the United States. However, the recent appreciation of the US dollar may limit the...
Dear friends, USDJPY experienced a sharp decline today. The price has been consistently plummeting since reaching 150.844 and is currently hovering around 149.789 after half a day. On the analysis chart: This currency pair has surpassed most of its important support levels, and there is still a favorable outlook for further price drops as the trendline has been...
The GBP/USD pair broke free from the recent low around 1.2620 and rebounded to 1.2660 at the start of Thursday's Asian trading session. The demand for the US Dollar (USD) weighed heavily on the GBPUSD pair ahead of a significant event in the United States. Investors are currently awaiting the release of the US Personal Consumption Expenditures (PCE) Price Index...
Hello everyone, let's discuss EURUSD today with RKarina! Currently, the EURUSD currency pair is trading quite calmly and there haven't been many price changes, with trading levels around 1.083 USD from the beginning of the week until now. Looking at the prospects from today's short-term analysis chart: This currency pair has experienced a pullback above the 0.5...
Hey everyone, let's delve into the current gold prices! During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed). At the moment, gold finds...
Hello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend. Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%. From the analysis chart:...
On day chart CFX is pulling back to Imbalance I think this chance is join next recovery to Swing High Wait for rejection around $0.19
The GBP/USD pair continues its upward momentum below the psychological barrier of 1.2700 in the early Asian trading session on Tuesday. The FOMC minutes indicated that the Fed has reaffirmed its data-dependent approach, leading to a more dovish outlook. This has weighed on the US Dollar (USD) and created a favorable environment for this currency pair. At the...
Hello Traders! Today EURUSD continues to trade in an upward trend. As long as EUR/USD trades above the 34.89 EMA Simple Moving Average, the outlook for the pair is likely to remain constructive. Looking at the 4-hour chart, a slow return appears to have taken place so far. The next upside barrier is 1.0888, ahead of 1.0897 and 1.0932.
Dear beloved friends, yesterday's gold trading session was relatively calm with no significant fluctuations. At present, the price is still hovering around $2033 and maintaining support at $2025. In the short and medium term, the upward momentum of gold is still highly regarded. From today's chart, the two main targets for buyers are $2037 and $2041. Regarding...
This amazing Pharma Stock has the potential of touch 150 very soon. Yes, you read that right. This stock with improving fundamental can reach the target of 155 from CMP of 135.95 in a matter of a few weeks. Here are the details- CMP- 135.95 Target- 149, 155 Stoploss- 122.70 Duration- 3-4 Weeks. From the past couple of days Pharma Sector along with Cement and...
Hello dear colleagues, what do you think the closing price of gold will be today? Last night, the price of gold decreased despite the sharp decline in the US dollar. Normally, a weaker US dollar would support an increase in the price of gold. However, in the last session, it defied market norms with a decline in the USD due to forecasts showing durable goods...
📊 Details IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate. Disclaimer: This analysis is solely for...
Coromandel Future broke above descending channel pattern on an hourly charts with decent OI, also on the verge of breaking past butterfly 🦋 pattern (1111). Buy at CMP add more above 1111 with mentioned stoploss & target. R:R = 1:4 Not to be missed