Hello everyone, RKarina is delighted to meet you all again. Let's discuss our strategy for the new week for XAUUSD!
Currently, at the opening of the trading session, gold is moving quite steadily at around 2033 USD, with no change in direction compared to the last closing at 2035 USD.
In terms of prospects:
From a technical analysis perspective: the Bollinger...
Adani Energy has been under recovery mode after sharp fall. The stock has shown the flag / pennant breakout on daily and weekly charts. Buy this stock @ 1140 with SL @ 1000 and TGT @ 1450
USDJPY rose in the last four consecutive weeks even if the US Dollar Index (DXY) snapped a five-week uptrend, amid an increase in the near-term US Treasury bond yields and chatters about a delay in the Bank of Japan’s (BoJ) delay in ending the ultra lose monetary policy. It’s worth noting, however, that the technical signals are against the Yen pair buyers as the...
Hello dear readers, it's RKarina here again.
Currently, EURUSD has temporarily closed its trading activities and halted at the level of 1.081. It can be observed that the past week was a profitable trading week for buyers as the price was consistently supported and moved up from the newly established support level at 1.070.
As a result, the risk sentiment has...
Honda India Power Products Ltd
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
Pattern : Bottom Wedge
Shows two converging trendlines as prices reach lower highs and higher lows.
This pattern may suggest a slowing of downward momentum and a possible upcoming...
Hello everyone, today EURUSD has risen higher on Thursday, testing the highest bid price since early February before returning to the 1.0800 area after the European and US Purchasing Managers' Index (PMI) data came in slightly lower or contrary to expectations.
With the ability to create DOW from the chart using Fibonacci retracement levels, the upward movement...
Hello everyone, it's RKarina here again. Overall, GBPUSD continues to trade in an upward trend. So, what factors are driving this upward momentum?
Today, the GBP/USD pair achieved modest gains above the 1.2600 level in the early Asian trading hours on Friday. The decline of the US Dollar provided some support for the major currency pair.
Currently, GBPUSD is...
EURUSD seesaws between a one-week-old rising support line and the 200-SMA resistance after rising to a three-week high the previous day. In doing so, the Euro pair portrays the market’s indecision ahead of the second-tier German statistics. Even so, the major currency pair is on the way to posting the biggest weekly gain in 2024. That said, the sluggish MACD...
#Bitcoin Bull Flag LTF Chart Analysis:
CRYPTOCAP:BTC Currently Trading in Bul flag as per 2H Chart.
This is a Bullish Pattern but not open any trade before Confirmations,
Bullish Breakout Point: $52,800
Bearish Breakout Point: $50,800
Confirmations: Await 2H candle close above/below range
Gold price remains firmer for the fifth consecutive day while extending the previous week’s rebound from the 100-SMA within a nine-week-old bearish trend channel. In doing so, the XAUUSD buyers prod the 50-SMA upside hurdle while keeping eyes on the Federal Open Market Committee (FOMC) Meeting Minutes, up for publishing late Wednesday. Given the quote’s sustained...
Index has formed a terminal structure which is known as Ending diagonal. This suggests that index is likely to fall towards 16400-16000 zone in the coming weeks and months ahead.
I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.
GOLDEN INFORMATION: In Wednesday's Asian trading session, the price of gold (XAU/USD) experienced a slight decrease and moved away from its two-week high of around $2,048-$2,049 reached the previous day. This decline is attributed to investors adjusting their expectations regarding the pace and extent of interest rate cuts by the Federal Reserve due to strong...
SJS Enterprises
CMP: 636
This stock has been in correction mode for some time now. On Friday, it broke out of a small range and trend line, but the breakout will be confirmed only if it closes above 655.
Once the trade becomes active, the stop loss will be set at 585. The targets will be 745, 840, 890, and 970+.
Refer to the chart provided to see the...
ITC was in the news since so long time, that after years of pressure, it gave a very good breakout and the stock which people use to tease finally skyrocket and touch its all time high mark...
Now it has formed a Inverted Dow in the chart as you can see and it should be slip upto mentioned level but overall it's positive and after retesting the mentioned levels...
