Dear esteemed comrades,
At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark.
In the current context of gold:
- Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the...
Nifty Analysis
Recap from yesterday: “For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.”
Nifty took a breather today, opened gap up around the 18930 area and rose steadily. We did not retouch or break the low of 25 Oct ie 19075 zone, slightly indicating that the...
Dear friends, GBPUSD is showing a noteworthy recovery, but the downward trend is still considered strong as it approaches the lower limit of the descending channel. The target for this decline is set at 1.2000. What are your thoughts? Do you agree with me?
Bitcoin looks like it wants to pull back before advancing higher!
CRYPTOCAP:BTC appears to have formed an ascending triangle on the hourly chart. As #BTC
trades below the hypotenuse, the odds increase for a 5% correction toward $33,000.
#bitcoin #cryptocurrency #ethereum #blockchain #priceaction #technicalanalysis #onchain #btc #usdt #pull #analysis...
SBIN is looking weak below the support levels as it has formed the head and shoulder pattern on the top and Indian financial banks like HDFC banks are also under pressure ....
Dear friends, As predicted by Samson, the upward momentum is still being strengthened and is currently trading at a high level of 150.39 today.
USD/JPY is preparing for a decisive breakthrough above the psychological resistance level of 150.00. This asset seems strong as the US Dollar Index (DXY) continues to rise following S&P Global's report of increased...
Dear friends, GBP/USD has been steadily declining since it dropped from the 1.228 level. If this pair fails to regain that level, the next target for further decline could be 1.214 before reaching 1.210.
Regarding expectations, tonight we will receive news from the speech of the Fed Chairman, so the current trading situation will not have many notable...
BankNifty Weekly Expiry Analysis
BankNifty had 1 extra in this week as the last expiry was on Wednesday. But the extra day was cut short as we had a scheduled holiday (Dussehra) in between. BankNifty did not fall as much as Nifty, it fell only 3.64% ~ 1597pts compared to 3.9% on Nifty. The premiums on the option strikes were not good enough except today. But I am...
Nifty Weekly Expiry Analysis
Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still below 12%, it is showing a tendency to spike, reassuring the...
Dear friends, Let's explore the market with Samson today!
Moving away from the upward trend, the EUR has lost momentum in today's trading session. This is due to the strength of the US dollar. Attention has now shifted to the meeting of the European Central Bank (ECB) and economic data from the United States.
In terms of technical analysis:
The price is...
Dear valued readers! The EUR currency market has experienced a decline on Tuesday, giving up all the gains from Monday, following stronger-than-expected US PMI data and continued challenging growth prospects in Europe. At the time of writing, EURUSD is trading at 1.058.
Another note, the prospect of reduced inflation and impending recession ensures that the...
Dear readers, we have witnessed a strong acceleration in the electronic market. Currently, the upward trend is still consolidating well, with BTC trading around the $29,876 mark at the time of writing.
I maintain the viewpoint that BTC will continue its upward momentum, maintaining a solid increase above $30,000. The expected increase is $31,250. What about you?...
Dear friends, After experiencing a brief correction from its all-time high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of a new upward trend. At the time of writing, Bitcoin is trading at $34,500, successfully recovering the losses incurred during the recent correction on Tuesday. Over the past 24 hours, Bitcoin has...
Dear friends, Gold is trading relatively quietly as profit-taking pressure sets in after a recent strong rally. Investors are taking profits as the US dollar shows signs of strengthening. At the time of writing, the price is trading around $1971 - $1972.
Regarding the outlook for gold this week:
We need to pay attention to the US GDP report for the third quarter,...
BankNifty Analysis
BankNifty was a pure support and resistance play today. If you had seen my charts earlier - you would have seen the marked SR zones and noticed how we reacted to 3 of those levels today. Open was gap-up above the 43253 SR level. We went up to 43404 zone and got rejected and came back.
We spent some time back at the 43253 levels with no special...
Dear friends, Gold is entering a phase of decline as the upward momentum weakens and the $2000 threshold remains unattainable. Trading is currently experiencing a slight decrease on the 1-hour timeframe, reaching a trading level of $1973.
The inability of gold to recover this week signals a weakening of "safe haven demand," suggesting that the market is learning...
Hello everyone! Wrapping up this week's trading session, Gold reached the predicted level of $1980.
Regarding the analysis of this week's news:
In his speech, Federal Reserve Chairman Jerome Powell stated that inflation in the US remains too high and economic growth is slower than necessary to reduce inflation. The comments from the Fed Chairman raised hopes...
Dear friends,
Yesterday, EUR increased by 0.71% and closed at its highest level in over a month. This price increase is accompanied by strong upward momentum and the continued strength of EUR is evident today. However, any increase may encounter strong resistance at the level of 1.0700. The main resistance level at 1.0740 is unlikely to be threatened. To...
