Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213. The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped...
Hello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have...
A strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend. Trade Zone: If the price moved above 4265 and sustained, then we could see the levels of...
Nifty Expiry Analysis Between the last expiry and today, Nifty has only lost 6pts. Quite a rarity to see a flat close especially when we had some strong preceding moves. The recovery today gave Nifty a strong character change as well. It was looking a lot negative yesterday and further fall was looking obvious. Nifty Daily Analysis Recap from yesterday: “The...
Primary Trend : Negative Range-Bound Trend : All up Moves can initiate profit Booking @ 19630 whereas All Down Moves can Initiate Short Covering @ 19500 Upside: If Nifty futures for the Oct Series move above 19550 and sustain. Then Nifty futures can touch 19616 and then 19675 during the day. Downside: If the support of 19519 is broken then Nifty Futures can...
#GABRIEL trading above Resistance of 222 Next Resistance is at 335 Support is at 152 Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Join Samson as we explore the market! Today, USDJPY experienced a significant drop, although it is merely a minor correction. Analyzing the technical analysis on the H4 timeframe, this currency pair continues to demonstrate an upward trend. Despite being influenced by selling pressure previously, it has rebounded by 0.13% today and currently sits at 149.27. Our...
Hello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the...
The market is experiencing fluctuations around its support levels. The price has been updated to a lower value. It is evident that the current trend is offering a discount, so if it rebounds from the resistance level at 1,05000 and rejects it, we may witness a subsequent movement. The previous support at 1,0400 can now be considered as a resistance area.
Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815. However, the 21-SMA upside hurdle surrounding $1,830 and the one-week-long descending resistance line of around $1,840 restrict the short-term upside of the Gold price. It’s worth noting that the XAUUSD remains on the bear’s radar...
The EURUSD pair is currently facing daily selling pressure and forming its lowest levels in the range of 1.0460 - 1.0455 on Tuesday. According to Samson, the EURUSD pair will undergo a slight correction before declining to a support level at 1.0400.
Hello everyone! Let's explore and discuss with AD! Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar. Looking at the D1 chart, we can argue that any...
Hello dear traders! What do you think of the new week gold? Currently, at the beginning of the new trading session, gold has decreased slightly 2.5 USD and is trading around 1922.85 USD/ounce. Gold is having difficulty encountering an $ 1925 resistance area. Samson believes this will be a mild price week of this precious metal because it can reach $ 1950 in the...
Hello everyone! On the daily chart, the downward trend continues. After losing momentum from the level of 1.313 USD, GBPUSD is still on a decline. Additionally, market conditions seem unfavorable and with the tightening of Fed policies, GU has depreciated. The next target for further decline can be seen at 1.2000 level, which is a strong psychological barrier.
Hello everyone! Today, the price of gold has once again experienced a downward trend. After falling below the $1,900 threshold, gold has steadily decreased and is presently being traded at $1,818 with indications that it may soon reach the $1,800 range. Increasing US bond yields and a stronger USD are persistently posing threats to precious metals and exerting...
Greetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589,...
Here, is the chart of Indusindbk, What's your opinion? Bullish or Bearish?
GBPUSD remains pressured at the lowest level in seven months, reversing the previous week’s corrective bounce, as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September. It’s worth noting that a clear downside break of an eight-month-old horizontal support zone joins the bearish MACD signals to keep the Pound Sterling bears hopeful....