Get started

Search in ideas for "FOREX"

Gold buyers exhausted, south direction to take prices at 1323.92The shiny metal went past the 1355 level on friday and on the same day reverted back to end the day on a negative note, which indicated that the buyers ran out of steam. Today, the prices breached the immediate intra - day support of 1337.88, which further supports the bears. Moreover, on daily basis, the prices are showing divergence with the RSI indicators, extending support to the bearish outlook for gold. I think the prices will touch the 1323.92 support before we can see any upwards movement in XAUUSD. on reaching this level RSI would also be at support of 60. If the prices break further below this level, next target will be at 1310.16.
FX_IDC:XAUUSDShort
by forexnoobmaster007
USDKRW Uptred Movement Potential with RISK:REWARD 1:3 #forexanalysis ,#forexsignalservice, #forexgroup, #forextraders , #forexsignals, #trading,#forexmarket, #forextrading, #forex Symbol :USDKRW (US dollar with South Korean WON ) Time frame :30 minutes What is the analysis/ Break out happened above support line .If We look into the consolidation pattern, we got a symmetrical triangle. Break out happened on the down side, rallied a bit on downtrend, again came for retesting but it couldn't able to go further down side. Instead it crosses the resistance line and also support line with high Buyers volume. So We can go for BUY call. Buy at 1313 with stop loss 1293 and the target 1366 . RISK:REWARD 1:3 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
Long
by TanujaK