Technical analysis is a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume. Unlike fundamental analysts who attempt to evaluate a security's intrinsic value, technical analysts focus on charts of price movement and various analytical tools to evaluate a security's strength or weakness and forecast future price changes.
Over the years, numerous technical indicators have been developed by analysts in attempts to accurately forecast future price movements. Some indicators are focused primarily on identifying the current market trend, including support and resistance areas, while others are focused on determining the strength of a trend and the likelihood of its continuation. Commonly used technical indicators include trendlines, moving averages and momentum indicators such as the moving average convergence divergence (MACD) indicator.
Midterm forecast:
1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
. The RSI bounced from the downtrend #1 and it prevented price from more gains.
. A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected.
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After more than 61.8% Retracement it is showing consolidation on the weekly chart.
This is a good time for long term investors with small stoploss at Support.
A breakout will take it upward.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and ...
will like to play this in OPTIONS by buying X strike (already bought ) for target of 1:5 ( loose 1 rs , gain 5 rs )
stop loss near 86 for 93 first tARGET !! & above 93 if susutains !! one way 104 ..
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone (0.9110 ...
Jindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART ...
FederalBank looks like forming the possible shark pattern. Around 70 levels, it should reverse. On the other hand, Elliottwave Wave 2(Not shown) would end at 70 level. I'd go long with 63 as SL on closing for target of 150-210 for 1 year target.
I was expecting a golden ration retracement on Nifty but surprisingly it took a U TURN at 50%. Trend look positive on short term upto 10780 levels.. as shown in the above image, upper trend line acts as immediate resistance.
Technical analysis:
. DASH/EURO is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
Price is in the support zone (332 to 229), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning ...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 26 and it prevented price from more losses.
The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
A trough is ...
It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed.
Things like these are said and proven false for over and over again. Especially, by the important financial figures out there.
Looks like this is the end of the cycle from accumulation to crazy momentum uphill. ...
Gold finally broke the trading range it had been into from many weeks on the downside as it slid past $1300 comfortably and posted a nearly $20 weekly loss. This kind of movement was getting over-due and a fatigue was kind of setting in when the price action was taken into account. Fundamentally the events did not favor the rising prices thus allowing it to breach ...
New trading suggestion:
Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the price is below the resistance 133.50, beginning of downtrend is expected.
We make sure when the support at 128.95 breaks.
If the resistance at ...
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the price is above the support 0.9815, continuation of ...
Technical analysis:
QTUM/DOLLAR is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 60.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (18.13 to 10.74), ...
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.9648), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 0.9648 is not broken, the Midterm wave will be ...
