HSCL is a process industry. By looking at the chart data, it has given a confirmed breakout. After a nice bullish move, it has been consolidating for the past two months. It now again has given the breakout of the descending triangle pattern, which is a continuation pattern. HSCL might be making a nice, bullish move. Reason: Price > EMA(13,50,200) seems...
Samson greets everyone! The downward trend in prices continues at the beginning of the new week. Currently, at the opening of the week, precious metals are trading around $1938. There are no new developments in the tense situation in the Middle East, and the USD continues to strengthen. The Federal Reserve has not clearly determined the possibility of an interest...
Samson greets everyone! Gold prices today are still being negatively impacted in the market as the US Dollar Index, which measures the fluctuation of the greenback against six major currencies, is at 105.685 points (a decrease of 0.09%). The "hawkish" signals from Federal Reserve Chairman Powell on Friday have weighed down gold, as this precious metal is...
In the short term and based on the 4-hour XAU/USD chart, we can observe that the bullish side is once again testing the level of 1954 USD. However, a retreat at the level of 1953 USD would push the gold price to seek the resistance level of 1960 USD once again before further decline is expected at the level of 1945 USD.
Today, the price of gold continues to move away from the $2,000 range, which it has been trading around since the beginning of the week. Currently, the precious metal is trading around $1,951. Here are some important pieces of information: Factors contributing to the decline in gold prices: - The current operating interest rate in the US is at its highest level...
Samson, hello everyone! Currently, Gold (XAU/USD) continues its efforts to achieve any meaningful recovery in European trading session, currently trading at $1949. Some officials from the Federal Reserve this week have given mixed signals about the future path of interest rate hikes, which has led to money flowing out of the yellow metal, resulting in no profit...
The GBP/USD pair has entered a phase of decline and is oscillating within a narrow range around the 1.2220-1.2225 area. The US Dollar (USD) managed to maintain its upward momentum overnight, inspired by comments from Federal Reserve Chairman Jerome Powell, which turned out to be the main factor acting as resistance to the GBP/USD pair. On the other hand, the...
Hello everyone! EUR/USD is facing downward pressure and has dropped below 1.0700 during Thursday's trading session in the US. The currency pair remained relatively quiet at the start of Friday, while technical prospects indicate a slight downward trend. From the 4-hour chart, we can observe that EUR/USD has extended its upward trend, but a completed 5-wave...
Samson greets everyone! Creating an Elliott Wave model has significantly boosted the price of the product. At the time of writing, the cryptocurrency market is trading below the resistance level of $37,960. The upward trend is strong as it is consolidated at a high level with stable trading activity on the 2-hour time frame. Therefore, it would not be surprising...
The EUR/USD pair is extending its sideways consolidation trend in Tuesday's trading session and is trading below the 1.070 level. However, the price is still attempting to hold above the 1.0700 level and is dependent on the price dynamics of the US Dollar (USD). The US Dollar Index (DXY), which tracks the greenback against a basket of currencies, has rebounded...
Dear friends, Currently, the British Pound (GBP) is stuck in a narrow range as investors seem reluctant to establish new positions before the release of the UK's third-quarter Gross Domestic Product (GDP) data, which is scheduled for Friday at 07:00 GMT. The GBP/USD pair is still struggling as the Q3 GDP report will shape the monetary policy outlook for the Bank...
Dear friends, Gold has put an end to its three-day downward trend. The escalating political tensions in the Middle East have increased the demand for safe haven assets like gold, despite the higher interest rates on US Treasury bonds. The XAU/USD price is currently trading around $1,958, showing a 0.03% increase for the day. According to previous analysis, the...
BTC has gradually been trading upwards since a significant move in late October. As seen on this chart, the parallel price channel A is still functioning well, breaking out of the port and maintaining a strong upward trend above $32,000 and stabilizing around $35,000 on the weekly timeframe. In the long run, BTC is expected to experience strong growth, especially...
It crosses 456.65 Entry price: 456.65 Stop loss : 312 ( if hits this then 31% loss) Target: 740 I am not SEBI registered, this trade idea is only for reference purposes , If not capable of taking the loss then please don't enter in the trade.
HUL FUT is on the verge of breaking above cup n handle pattern ( 2522 ) on an hourly chart with decrease in OI suggesting short covering. Conditional buy only above 2522. Could be bought above 2522 with mentioned stoploss & target. Also, be bought in options with 2520 ce cmp 34 with stoploss of 2485 (fut levels)
AMBUJACEM FUT broke above triangle pattern on daily charts as well as broke above ascending channel pattern on DAILY charts with good OI. Risk:Reward in very much favour of bulls. Could be bought with mentioned stoploss & target.
TRENT FUT broke above 7-8 trading sessions range as well as multiple resistance zone of 2100 with good OI on an hourly charts. Could be bought with mentioned stoploss & target.
Hello everyone, Gold (XAU/USD) continues to decline for the third consecutive day on Wednesday, currently trading at $1966 and losing 0.12% for the day. However, the precious metal is trying to hold above the two-week low around the $1957-$1956 area touched on Tuesday as traders await clearer guidance on the Federal Reserve's interest rate path before making new...