Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
Dear traders! Gold price today recorded a slight recovery, the price moved to 2337 USD and in the short term is still supporting this upward movement when from the precious metal analysis chart, it has reached an important resistance level and Get momentum when breaking the trendline. It is expected that after the trend adjustment, the price will continue to go...
I'm excited to share a promising swing trade setup for Himadri Speciality Chemical Limited (HSCL). The stock has given a strong breakout on the daily chart, backed by significant volume, pushing above the crucial resistance level of Rs 390. The stock has made a run-away gap on daily chart. With the stock trading above its 50-day and 200-day moving averages and...
In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky. We can see targets of 24000,24500,24850,25120,25300 in the positional basis. Get ready for the fly......... *Disclaimer: Above description is only for the educational purpose, please do not take any kind of...
GBP/USD rose firmly above 1.2700 in quiet trading on Wednesday as GBP traders braced for Thursday's latest outing from the Bank of England, which is expected to hold gains yields stayed at 5.25% even as UK economic data continued to miss the target, but not so badly as to raise fears of an outright recession.
Hello everyone, today USDJPY continues to increase in price on most time frames, the trading level is currently at 158.10 and is still on the path to a new record high. Accordingly, from technical analysis, we continue to prioritize the buying strategy when the price is high above the two EMA lines and the upward trendline is still stable. My goal is to increase...
EURUSD lacks clear directions early Thursday after rising in the last three consecutive days. In doing so, the Euro pair fades Friday’s rebound from an upward-sloping support line stretched from October as sentiment dwindles amid the return of full markets after the previous day’s Juneteenth holiday in the US. Apart from the struggle to defend the recovery,...
Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...
Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well...
Fundamentally good stock, Good For short term investment in cash market'. Leave a " Like If you agree " .👍 . . Entry: 110 / 105 target: 115- 125- 150 - 195 sl: 95 major stoploss / support: 90 . . Enter only after breaking & close above " Yellow box" mentioned. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old...
Good breakout with visible volume after long consolidation. Follow me or you would remember me 💀.
GBPUSD stays defensive after recovering from a one-month low in the last two days. That said, the Cable pair’s latest inaction could be linked to the trader’s cautious mood ahead of the UK’s top-tier data/events, namely Wednesday’s Consumer Price Index (CPI) and Thursday’s Bank of England (BoE) Monetary Policy Announcements. However, the quote’s sustained trading...
EUR/USD remains in a daily range above 1.0700 during the European session on Tuesday after closing in positive territory on Monday. Mixed ZEW sentiment data from Germany and the Eurozone makes it difficult for the Euro to find demand as the focus shifts to US data. Looking from the technical picture, the downward momentum is kept intact with the trend still...
📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024) Closing Price: 💵 207.70 Parabolic SAR: ✅ Buy Signal @ 186.55 EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon) MACD: MACDR: 📊 6.95 (Crossing Signal) Histogram: ➕ Positive @ 0.05 Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit) %R (Williams Percent...
DuroPly Industries Limited (BSE: 516003), we can identify key levels and patterns to consider for making a buying decision. Chart Analysis: Downward Channel Breakout: The stock was in a downward channel from March 2024 to June 2024, as indicated by the shaded area on the chart. Recently, the price has broken out of this downward channel, which is a bullish...
Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing. Reasons are listed below : Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement. The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in...
HFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market. Reasons are stated below : After enduring multiple tests at the 92 levels, HFCL has...