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EURUSD Next possible move SAXO:EURUSD Here’s a detailed description for today’s bullish continuation in EUR/USD: --- ### **Title** *"EUR/USD Intraday Analysis: Bullish Momentum Holds | Buyers Dominate"* #### **Market Context** *"EUR/USD continues its upward move as the U.S. dollar weakens amid cautious market sentiment. The pair benefits from steady Eurozone fundamentals and a lack of immediate hawkish cues from the Federal Reserve."* #### **Technical Analysis** *"Today’s buy entry setup is supported by: - **Trend Structure**: Higher highs and higher lows sustain the bullish pattern. - **EMA Dynamics**: Price firmly above the 20 and 50 EMAs, signaling ongoing upward momentum. - **RSI**: Holding near 65, indicating strong buying interest. - **MACD**: Positive divergence with increasing histogram bars supports the bullish outlook. Key Levels: - **Support**: 1.0600 (intraday), 1.0575 (critical support). - **Resistance**: 1.0640 (immediate), 1.0670 (key resistance). A breakout above 1.0670 could drive further gains."* #### **News Context** *"Upcoming: U.S. Pending Home Sales and Eurozone inflation data are expected today, which could influence market dynamics. Previous: The pair gained momentum as traders capitalized on weaker-than-expected U.S. data last week."* #### **Call to Action** *"Will EUR/USD sustain its bullish trajectory or face resistance at higher levels? Share your views and trading setups below!"* --- Let me know if this works or if you’d like further adjustments!
Long
by RBSBALA
EURUUSD Next possible move SAXO:EURUSD Here’s a detailed description for today’s continued bullish outlook in EUR/USD: --- ### **Title** *"EUR/USD Intraday Analysis: Sustained Bullish Momentum | Dollar Weakens Further"* #### **Market Context** *"EUR/USD continues its upward momentum as the U.S. dollar struggles amidst mixed sentiment over economic data and declining Treasury yields. The Euro finds support from improved market sentiment in the Eurozone."* #### **Technical Analysis** *"Today's buy entry bias is confirmed by: - **Trend Structure**: Higher highs and higher lows affirm the ongoing bullish trend. - **EMA Dynamics**: The price is holding above the 20 and 50 EMAs, reinforcing the bullish stance. - **RSI**: Sustained above 60, highlighting strong buying pressure. - **MACD**: Positive histogram bars continue to widen, showing consistent bullish momentum. Key Levels: - **Support**: 1.0575 (intraday), 1.0540 (critical support). - **Resistance**: 1.0620 (initial target), 1.0650 (key resistance). A break above 1.0650 could signal further gains."* #### **News Context** *"Upcoming: U.S. Pending Home Sales and Eurozone CPI data are expected today, potentially influencing market movements. Previous: Recent Eurozone economic data has shown resilience, while the U.S. dollar remains under pressure due to profit-taking and mixed economic signals."* #### **Call to Action** *"Will EUR/USD sustain its bullish momentum and breach higher resistance levels? Share your thoughts and trade ideas below!"* --- Let me know if this aligns with your expectations or if further adjustments are needed!
Long
by RBSBALA
Month of Consolidation XAUUSD , orderflow tells it all. As of December 18, 2024, analyzing the Delta indicator for XAU/USD (Gold vs. USD) provides valuable insights into the current market dynamics. The Delta indicator measures the net difference between buying and selling pressures, offering a real-time view of market sentiment. Current Observations: Positive Delta with Rising Prices: Recent data indicates that as gold prices have been increasing, the Delta has also shown positive values. This alignment suggests that the upward movement is supported by strong buying interest, reinforcing the bullish trend.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline. The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue. I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
by Maria_aaa
Zomato Ltd (NSE: ZOMA Technical Analysis and Potential Trad Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes. Key Observations: Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside potential. Key levels to watch are the 1 level at ₹240 (support) and the current level around ₹269, with possible resistance near ₹284. Indicators: MACD: Positive crossover with rising histogram bars, indicating bullish momentum. RSI: RSI is trending upwards and is above 57, suggesting increased buying interest without being overbought. Volume: Volume spike confirms the breakout from the channel. Trade Idea: If the stock sustains above ₹269, it may continue to rise, with immediate resistance around ₹284. A sustained close above this level could confirm the uptrend. Stop-loss can be considered near ₹254.83 (recent support). Disclaimer: This analysis is provided for educational purposes only and should not be considered as financial advice. All trading involves risk, and you should conduct your own research before making any investment decisions. I am not a licensed financial advisor, and this idea reflects only my personal opinion and analysis based on publicly available information.
NSE:ZOMATOLong
by Falcon_Insights
Zomato Ltd (NSE: ZOMA Technical Analysis and Potential Trad Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes. Key Observations: Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside potential. Key levels to watch are the 1 level at ₹240 (support) and the current level around ₹269, with possible resistance near ₹284. Indicators: MACD: Positive crossover with rising histogram bars, indicating bullish momentum. RSI: RSI is trending upwards and is above 57, suggesting increased buying interest without being overbought. Volume: Volume spike confirms the breakout from the channel. Trade Idea: If the stock sustains above ₹269, it may continue to rise, with immediate resistance around ₹284. A sustained close above this level could confirm the uptrend. Stop-loss can be considered near ₹254.83 (recent support). Disclaimer: This analysis is provided for educational purposes only and should not be considered as financial advice. All trading involves risk, and you should conduct your own research before making any investment decisions. I am not a licensed financial advisor, and this idea reflects only my personal opinion and analysis based on publicly available information.
NSE:ZOMATOLong
by Falcon_Insights
Paytm : Strong buy above 365Guess : Any good news on Takeover by Big finance co. will be out very soon. Triangle Formation is Seen which might breakout above 365 with volume. It will be a good sign for buy. Buy PayTM above 365 with Stoploss 340 tgt 545 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:PAYTMLong
by maneeshaggarwal
1
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034. The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
by Romio_pro
**MFSL has formed a bullish rounding bottom**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern. Key points:- Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest. Recommendation: MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
NSE:MFSLLong
by Trade_with_Madhav
2
PVR INOX (PVRINOX LTD) breakoutPVR INOX (PVRINOX LTD) is showing a breakout from an ascending triangle pattern, indicating potential for further bullish momentum. The stock is trading above its 21-day EMA, and the RSI is around 72, suggesting strong buying interest, although it is approaching overbought territory. With this breakout supported by volume, a buy can be recommended with a stop loss around ₹1,550, slightly below the EMA and recent support levels, to manage potential downside risks.
NSE:PVRINOX
by Simplecharttraders
ONDO NET BULL RUN TARGET ONDO Crypto Coin: Buy at $0.61 for a Target of $17 Based on Neo Wave and Time Analysis** This analysis suggests a strong buy for ONDO at the current level of $0.61, with a target price of $17. The forecast is based on Neo Wave theory and time analysis, indicating a significant upward potential. 1. **Current Price Level:** - ONDO is currently trading at $0.61, presenting a favorable entry point for investors. 2. **Neo Wave Analysis:** - The Neo Wave theory, an advanced form of Elliott Wave analysis, identifies a corrective wave pattern that has completed its cycle. - The current wave structure suggests the beginning of a new impulsive wave, which typically leads to substantial price increases. 3. **Time Analysis:** - Time analysis indicates that ONDO is at the end of a consolidation phase. - Historical data shows that similar patterns have led to significant price movements within a specific timeframe. - The projected timeline for reaching the target price of $17 is within the next 12-18 months. 4. **Technical Indicators:** - Moving Averages: The 50-day and 200-day moving averages are converging, indicating a potential bullish crossover. - RSI: The Relative Strength Index is currently at 45, suggesting that ONDO is neither overbought nor oversold, providing a balanced entry point. - MACD: The Moving Average Convergence Divergence indicator shows a bullish divergence, supporting the upward trend prediction. 5. **Market Sentiment:** - Positive market sentiment and increasing adoption of ONDO's underlying technology are additional factors that could drive the price upwards.
Long
by CHOUDHV
1
IRCTC NEW ALL TIME HIGH?NSE:IRCTC IRCTC (D) Analysis Date: 16/08/2024 Time Frame: 1D CMP: 909 Key Levels: Support: 760 Resistance: 954, 1015, 1138, 1286, 1373, 1538 Bullish Outlook: Buying Range: 900-910 Targets: 954, 1015, 1138, 1286, 1373, 1538 Stop Loss: 760 Conclusion: IRCTC is a strong buy on dips candidate, poised to potentially reach a new all-time high. Consider entering within the 900-910 range and watch for target levels as the price progresses. Disclaimer: This is not financial advice. Please do your own research.
NSE:IRCTCLong
by ThirstyBull