EUR/USD has recovered after two consecutive days of losses, approaching the 1.0930 level in the Asian trading session on Tuesday. However, the pair faced resistance amidst cautious market sentiment ahead of the release of US Consumer Price Index (CPI) data. Market expectations suggest that the US CPI will increase from the previous month in February, although the...
USDJPY refreshes a two-week high during a six-day uptrend even as the Bank of Japan (BoJ) takes a historical decision to end the Negative Interest Rate Policy (NIRP), as well as the Yield Curve Control (YCC). It’s worth noting, however, that such a move was widely anticipated and hence, a “sell the fact” reaction appeared on the chart. However, a three-week-old...
NSE:SAIL Stock take a best support level of 134 rupees, buy above 143 rupees, Target 1 is 150 rupees, Target 2 is 160 rupees, stoploss below 130 rupees at least one day candle closed.
The gold price (XAU/USD) saw a modest recovery from its lowest point in over a week at the start of this week, despite remaining in negative territory for the first half of the European trading session. Meanwhile, the US Dollar (USD) continues its struggle to achieve any significant momentum amid ongoing uncertainty about the Federal Reserve's (Fed) interest rate...
Welcome to today's strategy analysis, where we revisit and forecast the next moves for XAUUSD, after a day of significant fluctuation. Current Analysis: XAUUSD witnessed a considerable decline yesterday, progressing through a descending triangle pattern and eventually breaking below the $2075 level. Despite this, gold quickly adjusted, forming an ascending...
EURUSD remains pressured around 1.0890 early Monday, after posting the first weekly loss in four. In doing so, the Euro pair grinds near the 1.0880-75 support confluence comprising the 100-SMA and a five-week-old rising trend line amid the initial hours of the week comprising the key Federal Open Market Committee (FOMC) monetary policy meeting. It’s worth noting...
Sock has bounced back from the support zone and currently hovering near it's previous swing high on daily charts. As per the current formation stock is likely to move up towards it's resistance zone with any weakness holding above 200-195 zone.
ITC Ltd as you all know it stablished in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. Fundamental = strong Market Cap ₹ 5,23,098 Cr. Current Price ₹ 419 Stock...
Birla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators. Reasons are listed below : After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment. The breach of a consolidation area spanning over two years indicates a decisive move in...
AUDUSD appears well-set for biggest weekly loss in seven while extending the previous week’s U-turn from a 3.5-month-old horizontal resistance area surrounding 0.6675-80. The Aussie pair currently pokes the 200-SMA support near 0.6565 amid an impending bear cross on the MACD and a retreat in the RSI (14) line, which in turn suggests slower grind toward the south....
Welcome to our daily strategy session, where we dive into the current dynamics of USDJPY and outline potential moves for today! USDJPY is currently retreating, having found support amid a bullish sentiment around the 146.50-146.30 region. However, the plot thickens. Uncertainty surrounding the Bank of Japan's (BoJ) policy moves and a renewed appetite for the US...
Hello dear friends! What are your thoughts on the price of gold? Let's explore and discuss new strategies for gold together with RKarina. Overall, it has been a week of significant price increases for gold. The price has been rapidly developing and consistently creating surprises for traders. This comes after the latest employment report showed an increase in...
Gold fades the previous day’s corrective bounce off the weekly low as market players await the US Retail Sales for February. In doing so, the spot Gold price, namely the XAUUSD, seesaws within a $48 trading range comprising an ascending resistance line stretched from May 2023 and the previous yearly top. It’s worth noting that the sluggish oscillators and the...
Note: Publishing this 2nd idea on NSE:HAL , in continuation to 1st one (link given below), to provide updated chart and targets. Suggested on: 23-Aug-2023 Rating: Buy (Mid Term as well as Long Term Opportunity) LTP on 23-Aug-2023: Rs. 2,015.55 SL for New Entry: Rs. 2,800 Targets Achieved: (1) Rs. 2400 --> (2) Rs. 2600 --> (3) 2915 Next Targets: ...
Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure...
Hello dear friends, let's find out about the price of gold today! As predicted since yesterday, gold has experienced strong downward pressure after the release of the Consumer Price Index (CPI) of the United States. According to the CPI report, it increased by 3.2% compared to the same period last year in February, slightly higher than the predicted 3.1% by...
Hello dear friends, today the stable recovery of the US Dollar (USD) has exerted new downward pressure on EUR/USD, extending its decline for the third consecutive session and revisiting the support level near 1.0900. The upward momentum is limited below the resistance level of 1.0935, as the current trend remains clearly bearish, indicated by the parallel channel...
Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday. The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI)...