NZDCAD is in the side ways movement , this is perfect way to trade positionally , and earn the points in this segment. many days this is going in sideways , with full support and resistance. trade hopefully. thanks.
This pair, last 2 weeks its been moving inside the box , after May started its expected to go up but in contrast, gold against dollar pair is moving sideways.. after the strong bullish move from 1483 on March mid to 1747 on April Mid. and it clearly get itself into a accumulation zone.
I am not surprised if this moves in the similar way for the coming few weeks...Thanks
This maybe an old school approach as you may say but this is something that everyone can understand. My analysis is based on volatility(BOLLINGER BAND) and momentum(RSI). Here what my analysis is that, Nifty is trading in a sideways pattern after breaking the rising wedge . A positional trade can be taken with a healthy risk/reward ratio. One can keep 9450 as...
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
1HR, 2HR, 3HR, 4HR, DAY & WEEK
INDICATORS AND THEIR TRENDS:
SUGGESTED TREND: SIDEWAYS
END OF DAY PRICE ACTION SUGGESTS BEARISH TREND
SELL BELOW: 372.88
TARGET 01: 370.30
TARGET 02: 369.14
My analysis is that CUMMINSIND is...
Until Nifty sustains below 10780 (weekly 100EMA), there is no short opportunity. On the other hand, there is no positive bias in the market to start an upward rally.
At present Nifty is in a volatile sideways zone and it is better to stay out of the market till it closes below 10780 on a weekly basis. Protect your capital and wait for the right opportunity, even...