Hello dear friends! Today, the EURUSD experienced modest gains during the Asian trading session on Monday. It is evident that the recovery of this currency pair is supported by a weaker US dollar (USD). As of the time of writing, EUR/USD is trading at 1.0525. From the technical analysis chart: As mentioned, immediate resistance for EUR/USD can be seen at...
Hello dear traders! Currently, the EUR/USD is holding higher but still below the 1.0600 level in Asian trading on Wednesday. The risk-off sentiment is dominating and weighing on the US Dollar, particularly in the face of optimistic data from China. Lagarde's speech and EU/US data are being closely watched. On the 4-hour chart, the price is well supported and is...
Hello dear traders! Currently, GBP/USD continues to incur losses for the second consecutive day, trading below the level of 1.2160 in the Asian session on Wednesday. Optimistic economic data from the United States puts pressure on the currency pair. GBP/USD reversed after rising to the area of 1.2200, where the recent downtrend's resistance level is located,...
AUDUSD extends the previous day’s retreat from the weekly top towards the bottom line of a three-week-old descending triangle surrounding 0.6285, tested twice in October. It’s worth noting, however, that the RSI (14) line is nearly oversold and hence challenges the Aussie bears around the key support. The same highlights the probability of witnessing a bounce from...
Repco home - breakout analysis for swing trade. NSE:REPCOHOME Conditions Met: ✔️ 🚀 Breakout of 2-month high resistance. 📐 Breakout of Symmetrical triangle. 🔄 Bounce from 50 Day EMA. 🎉 1.5 years high breakout. 📣 High Volume 🐂 MACD Bullish. All things indicate towards a positive momentum in this stock. What's your view?
Hello dear friends! BTC is currently emerging as a wind when investors switched their focus into this market as a safe shelter when the market seems to be unstable. Currently, BTC is trading at 27,233 from the time of writing. It can be seen that the coin is receiving strong support from Trendline. The current environment is favorable for BTC and thus, my price...
Hello everyone! GBP/USD closed the last two trading days of the previous week in the negative zone. Although this currency pair attempted a modest recovery at the beginning of Monday, it failed to gain momentum. Technical analysis: GBP/USD maintains a slight upward trend, with prices fluctuating around 1.2168 and decreasing by 0.37% in the day. If safe-haven...
Currently, the USD/JPY pair is holding steady at 149.60 during the early European trading hours on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Investors are awaiting the US Retail Sales data on Tuesday for fresh impetus. The monthly figures are expected to increase by...
Price Analysis Current Price: $28739.02 24-Hour Change: 1.88% Circulation Supply: 19.52M Trend Analysis Technical Indicator : Strong Buy (On Daily Basis) Moving Average : Strong Buy (On Daily Basis) Overall Trend : Strong Buy (On Daily Basis) Key Support and Resistance Levels: Support Level 1: 28125.4 Support Level 2: 27850.3 Resistance Level 1:...
Hello dear friends, EURUSD has decreased as predicted. It is currently trading at 1.0538, down by 0.20% for the day. It can be observed that after forming a pattern, this currency pair has gradually narrowed its direction. The expected level for this decline is at 1.0481.
Cinevista is entertainment company, in around 2000 the price of stock was 400 and from there 2001 it started fell and after years of consolidation we noticed unprecedented movement in the stocks, if the stock price manage to close the weekly candle above the resistance level then we may buy for investment...
GBPUSD prints mild losses below 1.2200 during early Wednesday as market players await the UK inflation data while consolidating the week-start gains of the Cable pair. That said, a likely easing inflation pressure in Britain joins the downbeat RSI (14) and the impending bear cross on the MACD keeps the pair sellers hopeful. With this, the quote’s fall toward the...
The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone....
After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190. GMMA Indicator for Trend Signs: 1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend. 2. The degree and nature of separation in the ...
XAGUSD Technical Analysis : As of 17th October 2023, silver (XAG) against the US Dollar (USD) is showing signs of a bullish trend. The Relative Strength Index (RSI) is 53.57, indicating neutral conditions, while the Moving Average Convergence Divergence (MACD) is showing a Selling crossover. The silver price has also formed an ascending triangle pattern,...
Hello dear traders! Last week, USDJPY broke out of its upward trend and started moving sideways. It is currently trading at 149.51. However, there are still no signs of USDJPY reversing its direction. This is evident as the currency pair is in an upward trend and is gradually approaching a strong resistance level at 150.000. It is expected to retest the support...
Currently, GBP/USD has struggled to maintain its upward momentum at around 1.2300 levels at the start of Thursday and entered a consolidation phase. In the latter part of the day, the US inflation data for September could impact the pricing of the US Dollar (USD) and drive the action of this currency pair. As of the time of writing, GBP/USD is trading at...
here, is the chart of multiyear consolidated stocks.... buy above the resistance level... Good return possible, A restest possible before it gone up...