Dear friends, In today's analysis chart, we can observe the continuation of the recovery trend with today's trading price at 145.47, maintaining a consistent upward trend since the last decrease at 140.26. The target for this price increase will be at the 0.618 and 1.618 levels, coinciding with Fibonacci. If you find this information useful and beneficial,...
Gold price remains on the back foot for the second consecutive week, so far, as traders await the key US inflation data, namely the Consumer Price Index (CPI) figures for December. That said, the precious metal’s sustained trading beneath crucial Exponential Moving Averages (EMAs) and mostly steady RSI (14) line keeps the XAUUSD sellers hopeful. However, an...
Today, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing. From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading...
Today, the EURUSD currency pair is showing a good recovery momentum. This recovery is supported by the weaker US dollar. The 4-hour chart continues to indicate some short-term consolidation as the pair successfully breaks through the resistance level at 1.096, with a reversal signal from the 34 EMA line. It is expected that after a retracement and testing the...
Dear friends, the price of gold continues to decline and is currently trading around $2035. According to our chart analysis, gold has formed an inverted cup and handle pattern. The current support level is $2017. Additionally, the 10-year US bond yield has surpassed 4% per annum. This factor has prompted investors to pour money into bonds, resulting in minimal...
AWHCL (1W TF) Swing Trade Analysis given on 29th November, 2023 (Wednesday) Pattern: RECTANGLE BOX BREAKOUT - Upper Resistance Breakout - Done ✓ - Neckline Breakout - Done ✓ - Retracement + Consolidation - Done ✓ - Volume Buildup & Spike - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #AWHCL
Hello dear friends, what do you think will happen to USDJPY today? Currently, the USDJPY currency pair is experiencing a good upward momentum: Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning. Regarding the second factor: After price correction to the Fibonacci 0.5 level,...
Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase. Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the...
AUDUSD struggles to defend the bounce from a two-month-old rising support line and the 200-SMA amid softer Australia Consumer Price Index (CPI) data. Also attracting offers for the Aussie pair is the risk-off mood and an impending death cross on the four-hour chart, a bearish moving average crossover between the 50-SMA and the 100-SMA. It’s worth noting, however,...
Dear friends, Currently, EURUSD is experiencing minimal volatility and remains relatively stable around the 1.093 level. This is confirmed by the narrowing of the Bollinger Band indicator, indicating a preparation for the next breakthrough. Speaking of breakthroughs, EURUSD is being constrained below the resistance level of 1.096 and finding support at 1.090....
Dear readers, in the short term, our priority remains to sell due to the current price adjustment phase, with trading hovering around $2035. However, when considering the long term, the analysis of the 1D chart supports a strong upward trend for gold, with a clear support level at $2017. Another favorable factor for gold is that the trend line has not been broken...
WHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout,...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears. Script = Larsen&Toubro Time Frame = 1 Day
Dear friends, it's great to see you again in today's trading session. At the time of writing this article, the price is fluctuating around $2033 at the start of the trading session, showing a slight recovery after a sharp drop to $2017 at the end of yesterday's trading session. The precious metal has broken out of the support level at $2033 and the price...
The GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day. In recent times, this level has been a significant resistance point for the pair. However, with the support from...
Today, BTCUSDT is receiving strong price support as it has surpassed the psychological resistance level of $46,000 and is directly facing the resistance level from the past at $47,000, as shown on the chart. Why does RKarina believe BTCUSDT is heading towards a new record target? The EMA 34 crossing and reversing over the EMA 89 is a strong signal for an upward...
NSE:CGPOWER - Technical Analysis Update 🚀📊 Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM) Key Indicators: Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢 Moving Averages: Recent bullish crossover in EMA and MA MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82 Stochastic RSI: ...
Hello dear friends, are you curious about EURUSD today? Today, EURUSD is trading around the level of 1.096 and the trend seems unclear as the price is consolidating around the confluence of the EMA 34 and 89 lines. The price may have minimal volatility during this phase, so it is advisable to limit trading or temporarily halt buying and selling activities until a...