The British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate...
The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the...
The euro has come back under pressure against the greenback as the US dollar index advances to its highest level since June 2017. The EURUSD pair is heavily bearish while trading below the 1.1216 level, with the 1.1175 level critical support below. The bearish head and shoulders pattern on the four-hour time frame is showing that the EURUSD pair could fall towards...
The British pound is under heavy downside pressure against the US dollar, with the pair now trading at its weakest level in over eight weeks. The GBPUSD pair is heavily bearish while trading below the 1.2960 level and is likely to fall towards the 1.2880 level. The four-hour time frame is showing a large head and shoulders pattern, with the GBPUSD pair now trading...
Litecoin is struggling to move higher on Wednesday, as the sixth largest cryptocurrency by market capitalization failed to rally alongside Bitcoin on Tuesday. The LTCUSD pair is still trapped within a bullish descending triangle pattern on the daily time frame. Overall, the LTCUSD pair still has a bullish weekly trading bias above the $65.00 level, which is the...
The US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame...
The euro currency continues to edge higher against the US dollar in early Tuesday trade, following a breakout above the 1.1250 level. If buyers hold price above the 1.1250 level the EURUSD pair faces strong weekly technical resistance from the 1.1280 level. Both the Momentum and the MACD indicators on the four-hour time frame are correcting from oversold...
Bitcoin is attempting to advance above its current 2019 trading high, at $5,452, in early Tuesday trade, with the BTCUSD pair still well supported by strong dip-buying demand. The daily frame is showing that the $5,260 and the $5,200 levels are the main intraday support areas. Overall, the BTCUSD pair has a bullish weekly bias while trading above the $5,200 level...
BOC decide During the upcoming trading week, central bank action takes center stage, with interest rate decisions from the Bank of Japan, Central Bank of Turkey and the Bank of Japan. The Bank of Canada rate decision is likely to capture the spotlight, as market participants wait to see if the BOC will follow other central banks across the globe and adopt a more...
Ethereum is starting to erase Friday’s solid gains as the second largest cryptocurrency comes under early week selling pressure. A bearish head and shoulders pattern is looming over the four-hour time frame, with bulls needing to move price above the $185.00 level to invalidate the pattern. Key intraday technical support for the ETHUSD pair is found at the $154.00...
EURUSD 1.1216 major support The euro currency is attempting to correct higher against the US dollar in early week trading, amidst quiet market conditions. Technical indicators on the lower time frames have now corrected from oversold conditions, with EURUSD the pair still struggling to break past the 1.1250 resistance level. Sellers need to breach the 1.1216...
2 Lower TLs (Black thick) providing a very strong support between 178 - 179. A hammer formed around the TLs and price bounce showing a bit of bullishness! RSI also taking support around the TL during the same timeline. 50EMA crossing 200EMA from below and is at a converged spot, adds bit more bullishness! Stock going up from here and crossing 184, can go up to 187...
A Contra bet! CMP: 165.75 (Red dotted line - Below PRZ) PRZ: 167.5 - 171.50 (Black lines) SL: 158 (Red thick line) T1: 193 (23.6%) | T2: 208 (38.2%) (Blue lines) T3: 220 (50.0%) | T4: 233 (61.8%) (Pink lines) The charts posted by me are only for learning and not for trading purposes! I am not responsible for any trade action taken by anyone whomsoever on the...
Nifty50 is currently in an uncharted territory and touched a new high of 11,856. Charts show previous resistance levels have formed a new support for Nifty at 11,730 level and if the market continues to weaken further, it would mean Nifty’s failure to cross the new highs. Traders must book profits on the overbought counters and not initiate any fresh longs at...
banknifty as near to strong support, this level not easily cross by banknifty as per market condition. Rupis (RS) is strong againts Dollar and also FII is strong, and important thing is some experiance researcher say banknifty goes up to 35000 in near two months, banknifty goes down 300 point and more and after it level be resistance if banknifty crossed this...
Levels are mentioned in chart
trd entry and SL is given in chart
BTST IN TATA CHEM MAR FUT BUY@580 STOP@572 TARGET@592 LOT:1000 QTY:1