RSI Divergence RSI divergence occurs when the price of an asset moves in the opposite direction to the RSI indicator. Depending on the type of divergence spotted, this can signal a potential reversal in the market trend, either bullish or bearish.
The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Sentimentalanalysis
Banknifty Index Long Levels #InvestingBanknifty Index Long Levels
Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment:
Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term investments, potentially providing capital appreciation over time.
Historical Performance:
Over the last 3 years, the Bank Nifty has given better returns compared to other indices. It has rallied over 42%, while Nifty IT is up 36% and the broader Nifty has gained over 48%.
You can access historical data for Bank Nifty to analyze its performance over different time intervals.
Remember that investing involves risks, and it’s essential to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions
Tight close range - One side moment is expected in coming weeksThese tight ranges often result in a one-sided moment. Considering the current sentiments, there is concord among market participants about what the future holds for crypto, which is reflected in the price moment.
Resistance: 44k-49k
Support: 37-38 K
EURUSD stays in bear’s jaws ahead of US Retail SalesEURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day. Adding strength to the bearish bias is the looming bear cross between the 100-day SMA and the 200-day SMA, as well as the steady RSI (14) line. However, three-week-long horizontal support surrounding 1.0500 joins the bullish MACD signals to restrict the immediate downside of the Euro pair. Following that, the monthly low of around 1.0450 will act as the final defense for the bulls before driving prices down towards the aforementioned channel’s bottom line, close to 1.0350 by the press time.
Meanwhile, EURUSD recovery needs to defy the bearish channel pattern, by clearly crossing the 1.0600 hurdle, to convince the short-term buyers. Even so, a horizontal area comprising multiple levels marked since May, near 1.0620-35, will be a tough nut to crack for the bulls. It’s worth noting that a convergence of the 100-day SMA and the 200-day SMA, near 1.0830 at the latest, holds to key to the bullish trend.
To sum up, the EURUSD remains within a bearish trajectory as markets await the Eurozone/German ZEW data and EU EcoFin Meeting, as well as the US Retail Sales. The same suggests that the outcome favoring the US Dollar, or weighing on the Euro, will have a clearer response than the otherwise.
Sentiment Analysis on EOD basis for NIFTY -AstrotechnicalsI have done Astro sentiment analysis using AI and mapped the results with an actual Nifty pattern. Here the objective is NOT to predict the price but the pattern for the month.
Sentiment response in Dec 2022
Sentiment response in Jan 2023
Sentiment response in Feb 2023
Sentiment response in March 2023
Bear flag in XAUUSD (gold)As we can clearly see a bear flag pattern in 2 hr time frame .Here we will get the good trade in the terms of risk and reward in both the directions just after the breakout or Breakdown of the consolidation phase in either direction. I am more confident towards the shorting side as compared to the long side just because of the short term negative sentiments of the market.
Manage proper risk reward/position size
Happy learning...
NIFTY Sentiment for DEC 7 2022
This is purely based on Astrological and Statistical parameters . Pattern matching of current data with past for coming up with a projection using Artificial Intelligence.
The technical levels to use are primary and this is just a sentimental analysis projection
Use the Weekly levels for Trade decisions .
Nifty Sentiment for SEP 20 2022Nifty Sentiment for SEP 20 2022
drive.google.com
This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like
Use this along with weekly levels and Trend change value as per related idea
Buy Above 17600. 40
Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15
Sell Below 17519.80
Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
NIFTY SENTIMENT for SEP 19 2022
NIFTY SENTIMENT
drive.google.com
This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like
Use this along with weekly levels and Trend change value as per related idea
Buy Above 17600. 40
Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15
Sell Below 17519.80
Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
An unfolding bear marketIn search of the next bottom, we look for five-wave declines to complete. Prices have been falling inside a channel and a breakout would put us in the price territory of the previous ivth wave near 16404 to the gap zone near 16484. But what if we do not breakout and keep falling below 16000 we could see a free fall with multiple extensions on the downside. Sentiment is poor and markets look oversold but will that work?
EURUSD professional analysis and markings by benickkingsentiment analysis
fundamentals
technicals
all are bearish so we have strong pressure you can see fundamental moves data on online ,and for sentimental analysis you can see in commitment of traders report, and for tecnicals you can see this patterns forming
1.strong support turns into resistance
2.falling wedge forming
3.bearish engulfing
4.parabolic sell signal