VulcanForged is one of the fastest-growing blockchain gaming platforms. There are 8 games present under a single roof. They also have recently launched an NFT marketplace and a DEX for the smooth transaction of in-built assets and partner project tokens. All this ecosystem is run by the native token of Vulcan Forged i.e. PYR. This makes the PYR token undervalued...
Lately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the...
Potential down move on AUD/JPY 📉
Things to consider:
1. Triangular Formation
2. MACD and price downward momentum
3. COT data shows AUD is being short and JPY is also being short so overall strong down movement upcoming
How to enter:
1. Entry after the weekly resistance is broken
2. Entry should be on 4hr timeframe for better R:R
3. Enter when storng down momentum starts
Currently at previous strong support
If holds 46000 den again 48500+ possible
MacD may take some time to turn around
Maybe entry after that
Risk to Reward is good
Gold’s rebound from four-month low struggles around previous supports but the MACD recently flashed bearish signals and the RSI isn’t oversold as well. Hence, buyers are likely to remain unconvinced below the November 2020 bottom surrounding $1,765, a break of which could quickly recall the $1,800 threshold. Though, multiple stops around $1,833 could challenge the...
The level of 2750 becomes the consistent supply and demand zone when breaking down its historical path over six months. The trajectory of Hero MotoCorp was on either side and circulating the 2750-point somewhat as a magnetic pole or as a centre pivot line.
From August 2020, 2750 becomes the sturdiest support which ensures consistently help to prevent Hero...
Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move.
Things to consider:
1. Ascending Traingle formation
2. Monthly Resistance
3. Macd & RSI indicating down move
4. Half M formation (could complete to make full M)
How to enter:
1. Review the market conditions as i presented
2. Locate the monthly resistance
3. Take entry...
Chart pattern & MACD signal are showing trend reversal sign means signal for bull run. Possible upside move can be seen in upcoming days. Looks good for swing.
UPL Ltd - 06.08.2021
there is a strong support @ 773
there is a macd bullish divergence in daily chart
let the prices go above 783
stochastic is oversold in daily chart
one can execute a long position in the stock with support @ 771 for target: 805, 818, 840
watch out for the price action
The overall setup is of a Pennant/Flag.
A double bottom already made and MACD looking for a crossover signifies some momentum in the days ahead.
Markets are volatile. Keep a strict Trailing Stop loss.
The stock has shown a good run and looking tired now.
There is also divergence in RSI and MACD on a daily time frame, It stock breaks the highlighted support zone, lower marked targets are expected to come.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
