Minimum Potential shown by the Price Action. Implied Volatility has declined which makes a good return in Options trade.
A good 3-4 days positional trade with an entry point of 1480 and stop loss of 1500.NSE:KOTAKBANKKo
EUR/USD has made a trend reversal in the near-term making higher highs consistently.
A trendline connecting the higher highs can be marked as well.
The pair is currently hovering above the trendline and the MACD indicator is just keeping its head above the water.
The pressure on the Fed to cut interest rates is mounting and is set to support the bulls as...
The NFP data has come up with flying colors.
Technically, the counter has broken its resistive trendline which can be construed as an inverse head and shoulder pattern.
Hence, we expect the index to move all guns blazing to the resistance 98.30 and there is a good chance for a new high to be unravelled for the week.
GBP/JPY is currently stalled in a descending triangle pattern.
The recent upsurge has been capped by the resistive trendline.
It faced rejections initially but now formed a follow-through bearish engulfing candle.
Hence, we expect the bears to hop in here and send the pair spiralling down to the support level of 143.833.
The counter is in a bullish trend forming higher highs and higher lows.
It moved past a critical resistance of 1.01263 in its uprally as well.
Prior to the FOMC meeting, the counter has a profit booking sell-off which can be attributed to a flag pattern, technically.
The post-meeting press conference has bolstered bullish confidence in the counter, which can be...
The EUR/GBP pair has formed a double top formation.
It has the broken the support level and is currently consolidating below that.
Also, the MACD indicator is printing in bearish territory.
Hence we expect the pair to be bearish and find support at 0.85097.
Upon factorising two fundamental events, US GDP and JPY’s policy decision, the counter wiggled both sides.
It indicates uncertainty in the counter as both the events emanated positive outlook for their respective economy.
Then the DXY index went through a profit booking rally, owing to which USD/JPY also slid.
But, now the counter has two short-term reversal...
The pair broke the critical support zone of 1.11800 and then made a huge sell off.
Now it made a pullback to its bearish trendline which also coincides with the broken support.
The confluence of resistances are keeping it capped of any further bullish moves.
Also, the stochastic indicator has turned bearish by moving down from the overbought zone.
Hence, we expect...
The sell on the fact trade which emancipated friday has come to a halt in the counter.
The pair has made a double top in the 15 min chart.
It broke the critical support level of 1.29173 as well.
Further the MACD has turned bearish and the histogram bars are gaining strength.
Hence we expect the pair to move to the support levels of 1.28719.
The market seems to have come to its senses after the post news profit booking rally, friday.
It has broken its bullish trendline in the 15-min chart, indicating dwindling buying momentum.
To add to it, the ADX indicator has also turned bearish.
Hence, we expect the arrival to bears in the counter and the pair to make a move to its intraday support at 0.66195.
The Japanese central bank meeting has brought a halt to the rally in the counter.
Technically, the pair has broken its bullish trendline.
It also failed to hold the breakout of a critical resistance of 111.805.
So, the resistance is back into play and the broken trendline will add to the woes of the bulls.
Hence, we expect the pair to be bearish and move to the...