XAUUSD price trade at highest level in 6 month near $2052 wednesday. As per the RSI ( Relative Strength Index ), it show oversold zone on a 1 Day chart ( TF ). Resistance level of xauusd is $2052 ( highest point of 6 month high ), there is a higher chance of pullback in gold price. Support is seen in middle of the september high of $2022 which was the important...
USDCHF touched a 13 week low at 0.8757 during the Asian session on wednesday and recovered some of its intraday losses, trading near 0.8770. The mixed US data could have contributed to the weakening of USD. The current support level of usd/chf is 0.8757, if it is break 0.8757 then it will touch 0.8744 & 0.8730 in intraday with the stop loss of 26 pips.
Dogecoin is showing positive sign above the $0.0800 resistance against USD. The price is trading the 100 SMA level in 4-hour time frame. The price could start strong rally if it clear the $ 0.0870 resistance. A close above the $ 0.0835 resistance might send the price toward the $ 0.0880. The next major resistance $ 0.0920 and the next move toward $ 0.0950. If Doge...
GBPUSD seesaws at the highest level in 12 weeks, printing mild intraday gains during a four-day uptrend, amid early Tuesday. In doing so, the Cable buyers jostle with a one-month-old bullish channel’s top line amid an overbought RSI (14) line. As a result, the quote’s pullback appears imminent. However, an ascending trend line from early November, close to 1.2560...
TATA COFFEE 2023 Simply pointing some point to study the TATA COFFEE chart. 1. Simply in a uptrend zone. 2. Forming rectangle 3. Above 50 EMA. 4. Q2 result is good 5. bullish for long. 6. Risks & Rewards (2:1) Conclusion: My analysis shows potential strong bullish run. I am not a sebi registered analyst. My studies are for education purposes only.
After multiple failures to cross the 50-SMA hurdle the last week, USDJPY sellers attack the 149.00 round figure amid a sluggish start to the key week comprising US GDP and Fed’s preferred inflation gauge, not to forget Fed Chair Jerome Powell’s speech. The pullback move also justifies the bearish MACD signals amid an absence of the oversold RSI (14). With this,...
On a Weekly time frame, RattanIndia Enterprises Ltd has given a breakout. The stock is trading at its 52-week high. It has a possible upside of 98, 124 in the long run. Also, good volume is seen (170.636M). The stock can retest 71 levels. One can place a stop loss at 60 (closing) on a weekly basis. Disclaimer: I am not a SEBI registered analyst. All the stocks...
Gold price pares the weekly gain, the second consecutive one, after the Thanksgiving holiday as traders seek more clues to stay bullish amid mixed clues. Also testing the XAUUSD buyers is the cautious mood ahead of today’s preliminary readings of the US S&P Global PMIs for November. That said, a downward-sloping RSI line from the overbought territory and the...
I am going for shorts on Nifty today. Targeting last friday's low.
Pair: SEI/USDT Exchange: Binance Trade Type: Buy Long (FUTURE) Trade Parameters: Entry Level: 0.2095 Target 1: 0.2160 Target 2: 0.2222 Stop Loss: 0.1970 Analysis: The SEI/USDT pair, listed on the Binance exchange, presents a promising trading opportunity. The Relative Strength Index (RSI) indicates a bullish movement in the market, suggesting potential upward...
🔴 ENIL Previously also it came near the level of 96 and then it took reversal and created a range then breakout the range and a good movement came now also it came near level 96 and created a good bullish chart pattern DOUBLE BOTTOM and now it is near the breakout level IF SUSTAINS AND TRADES ABOVE THE LEVEL 230 THEN WE CAN EXPECT 282,366,444,511 CONDITIONS...
GBPUSD snapped a three-day winning streak the previous day as the UK’s Autumn Statement failed to impress Cable buyers despite offering tax cuts and higher wages. The reason could be linked to the mixed economic outlook for Britain and a corrective bounce in the US Treasury bond yields. However, the 200-SMA defends the Pound Sterling buyers so far on the...
DOT/USDT Scalp Chart Analysis Current Price: $5.19 - Anticipating a solid 8-10% upward surge! - Strong support at $5, eyeing an entry between $5.0-$5.20. - Targets: $5.48 & $5.72. - Set Stop Loss at $4.90 for risk management.
At Resistance created RSI Divergence in Hourly and 30 minutes Time Frame and Minimum target is 1:1 and after using trailing Stoploss. Please chech this analysis.
Bullish Wolfe Wave Pattern in weekly chart Time Frame - Weekly Double bottom near 26.50 levels Invalid below 26 Buy Right, Sit Tight
EURUSD hovers near the highest level in 14 weeks, recently picking up bids to reverse the previous day’s pullback from the 61.8% Fibonacci retracement of the July-October downside, also known as the Gold Fibonacci ratio. Apart from the key Fibonacci ratio surrounding 1.0965, the overbought conditions of the RSI (14) line also challenge the Euro buyers. It should,...
Bitcoin Weekly Analysis: Navigating Market Dynamics Overview: Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge. Bearish Sentiment: Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market...
USDCAD fades the week-start recovery as market players await Canada inflation data on early Tuesday. In doing so, the Loonie pair defends the previous week’s U-turn from the 100-SMA while retreating towards a two-month-old rising support line. Adding strength to the bearish bias are the downbeat MACD signals and the mostly steady RSI (14). However, the quote’s...