Amidst the forex markets, the USD/JPY pair is exhibiting remarkable bullish momentum, poised for a potential breakthrough to extend its upward trajectory. This superbullish sentiment reflects a confluence of factors, including robust economic data, shifting monetary policies, and geopolitical dynamics. Traders and investors alike are eagerly awaiting the decisive...
Hello dear friends! Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair. As a result,...
Gold technical analysis: Gold showed a volatile trend yesterday. During the European trading session, it once climbed above the 5-day line of 2168 and touched the 2172 line. However, the pressure on the upper short-term trend line failed to be effectively broken, causing the market to fall back and adjust again. From a technical point of view, the main rhythm of...
Continuing with the same setup as I had shared in my earlier long thread, I have no intention to go long as of now. I will short Nifty near 22700 (earlier it was 22600 but prolonged breakout shifted the upside target to 22700). Stop loss will be any hourly candle close above the channel top. First target will be middle of channel and second target bottom of...
LINDEINDIA attempted a BO in a weak market breadth today with higher than average volumes. Also, 21/50 EMA cross is happening today as well which is a positive point of support shifting upwards and one can think of using 21EMA as a support now once it crosses or if you are a pull back buyer on support one can wait to take a position at 21 EMA instead. Relative...
A series of US data was released last week. The durable goods orders and 4Q GDP announced early on Tue's and Wed's were both below market expectations. However, the price of gold remained in a narrow range. It wasn't until Thur's release of the core PCE price index that the gold price finally broke clear the resistance zone of 2035-40. On Fri, a new round of...
Closed the position for a profit of about 1.79% on the invested capital. However, I consider this trade only as a breakeven trade. I took the initial entry when it was technically undervalued. However, later, the market shifted into bear mode and the pattern evolved. I added to the position, increasing the total holding to about 2.5% of the net capital, my...
Hello everyone, let's strategize for the new day with RKarina! It can be observed that yesterday afternoon, the price of gold increased significantly, surpassing the important resistance level at 2035 USD and approaching the level of 2050 USD before stabilizing around the 2045 USD range in the first half of today. In line with this, the core PCE of the United...
Fundamentals Pros: Strong Growth Metrics: JD.com has demonstrated impressive growth in sales, earnings, and free cash flows over the past five years, indicating a robust and expanding business. Positive Trend in Returns on Capital: Despite only meeting the average returns on capital metric 44% of the time, JD.com has shown a positive trend in this aspect...
TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sector
WHAT IS RELATIVE STRENGTH ? (RELATIVE STRENGTH is different from RELATIVE STRENGTH INDEX) Comparing the performance of an individual stock to a benchmark index like the Nifty can help gauge its relative strength. The concept behind dividing the stock's performance by the Nifty index is to normalize the data and provide a measure of how the stock is performing...
Hello dear colleagues, what do you think the closing price of gold will be today? Last night, the price of gold decreased despite the sharp decline in the US dollar. Normally, a weaker US dollar would support an increase in the price of gold. However, in the last session, it defied market norms with a decline in the USD due to forecasts showing durable goods...
MongCoin crypto is currently edging higher forming an interesting ascending triangle pattern. The MONG crypto currently trades at $0.0000000141, recording a swift Intraday loss of 1.87%. The buyers are attempting to hold the price higher in order to regain control of the trend. The MongCoin price stabilizes near the higher boundary of an ascending triangle...
FMCG is a sector that is currently underperforming compared to other sectors. However, I anticipate the possibility of sectoral shifts in the market going forward, which could result in a rally in FMCG. Therefore, I have decided to take a position in an FMCGIETF to capitalize on this potential move. Since this ETF focuses on a sector, I have allocated...
Technical Analysis: The technical outlook suggests a looming correction in the near term. However, delving deeper into the fundamental underpinnings reveals a contrasting narrative. While global economic headwinds, particularly the impending recession in the US, cast a shadow of uncertainty, the resilience of the Indian economy stands as a beacon of stability...
💎 XRP is currently approaching the supportive trendline of an ascending channel, which also aligns with a key support level and a bullish Order Block (OB) zone, enhancing the likelihood of a bullish reversal from this area. 💎In the event that XRPUSDT breaks below this support level, it would be prudent to wait for the price to reach the next support zone, which...
Dive into the historical trends of the EUR/USD currency pair as we await a potential breakdown accompanied by substantial trading volume. This comprehensive analysis delves into past patterns, market dynamics, and key indicators, providing insights to traders and investors seeking to capitalize on potential shifts in this critical forex pairing. Stay informed and...
🔹Timeframe: 4 hour 🔹Stratergy: Neutral 🔹Silver prices at around $23 per ounce, down from seven-week highs. 🔹 Waiting on upcoming FOMC minutes and statements. 🔹Initial expectations for a March cut now shifted to a 53% chance of a 25bps cut in June. 🔹Silver expected to rise in 2024, influenced by a weaker dollar and lower Treasury yields amid looser Fed policy.