Gold prices are currently “dancing” around the $2,655 level. The strong support at $2,630.511 acts as the “last fortress” protecting buyers from a steep decline.
However, all eyes are on the critical resistance levels at $2,666.090 and $2,678.543. These are the “gateways” buyers need to breach to unlock a spectacular breakout, driving gold to new highs.
The EMA...
The EUR/USD chart is painting a tense picture as prices hover around $1.10714. With strong support at $1.10501, buyers are making efforts to defend this crucial level, preventing deeper declines.
However, the major challenge lies at the $1.11451 resistance, and a strong rally could unfold if buyers manage to break through. Support from the EMA 34 ($1.11299) and...
The XAU/USD chart paints a dramatic picture as gold hovers around $2,660.275, approaching a critical resistance level at $2,672.665.
With strong support at $2,625.076, gold continues to hold its strength for buyers. The EMA 34 ($2,648.157) and EMA 89 ($2,613.671) lines act as crucial foundations supporting the upward trend.
If the price fails to break through...
The USD/JPY chart reveals an intense battle between buyers and sellers as the price hovers around $144.288.
The strong support at $141.917 acts as a firm "shield," preventing a deeper drop. However, the real focus is on the $146.024 resistance level – the key hurdle buyers must overcome to ignite a significant rally.
If the price fails to breach this resistance,...
I have analyzed the wave count by examining a consolidation area with significant trading activity following a sharp decline in USDCHF. Observing the slope of the fall, it appears that this congestion area could represent a correction on the 4-hour timeframe. The wave count indicates that wave B has formed a contracting triangle, with wave (e) of wave B completing...
USD/JPY is currently in a tense situation with prices hovering around $146.500. The strong resistance at $146.946 is putting significant pressure on buyers, and if they fail to break through, a sharp correction could push the price back to the support zone at $141.712.
The EMA 34 ($144.652) and EMA 89 ($143.920) are currently providing support, but selling...
EUR/USD reveals a tense battle between buyers and sellers, as the price hovers around $1.10334.
Sellers are in control, pushing the price toward the critical support level at $1.10051. This is a key threshold: if broken, the price could plummet, opening up significant selling opportunities.
On the other hand, buyers haven’t given up yet. They’re striving to...
Early Thursday, EURUSD prints a five-day losing streak, reaching its lowest point in three weeks. The Euro pair traders are holding their breath for the September US employment report, especially after strong data from ADP and hawkish comments from Fed Chair Jerome Powell.
Sellers approach key supports
In addition to strong US data and hawkish remarks from Fed...
Devyani International is currently making higher lows, as indicated by the trend line. The stock has established strong support at 142, with resistance at 203. After two failed breakout attempts, the question remains: will the third succeed or will it pull back to support?
Minor resistance at 179 has now turned into support. However, it is important to note that...
"ATUL AUTO" is changing it's overall market structure on weekly timeframe and is getting ready to move upwards. The good thing about the stock is that price is consolidating within a range above the recent support level of 7590, which means buyers are accumulating the stock.
For entry, one must wait for range breakout above 8135, and the next target will be 8900,...
GBPUSD experienced its biggest decline in a week the previous day as the US Dollar strengthened ahead of the September jobs data. The Pound Sterling tested a bearish rising wedge pattern but managed to bounce back from the lower line of this formation. Despite this slight recovery, traders are cautious and watching closely as they await the US ADP Employment...
Flag Pattern Breakout likely In Renuka Sugars, which is developing from last 2 years on the monthly time frame. with rising volume on the upside.
target-- 95.00
Stoploss --46.00
Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the...
Timeframe: Daily
NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91.
The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to...
On Tuesday morning, USDJPY gained momentum, continuing its recovery from a support level that had been holding for two months. It’s getting closer to the 200-Exponential Moving Average (EMA) while still within a bearish trend that started in early August. This rise reflects the US Dollar's bounce after Fed Chair Jerome Powell eased expectations for two more 0.50%...
NSE:KNRCON Stock has the best support at the level of Rs 330 ,
You can buy this stock when it crosses and sustain above Rs 350 ,
The stock can go from 365 to 370 as the first target,
The second target is 380 to 388 .
The third target is 400 to 410 ,
stoploss blow 330 rupees (at least 1 day candle closed.)
The XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120.
Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines.
The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for...
