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AUDUSD bulls eye short-term hurdle amid RBA playsAUDUSD bulls stay hopeful as the Reserve Bank of Australia (RBA) ends QE, despite posting initial losses due to rejection of the immediate rate hike concerns. The upside momentum ignores recently cautious RBA Governor Philip Lowe’s comments while staying above a three-week-old descending resistance line, near 0.7115. That said, the 50-DMA level around 0.7170 acts as an immediate barrier for the pair to cross before directing the bulls towards the last home of bears, namely the 100-DMA level close to 0.7260. Alternatively, pullback moves may initially aim for the 0.7000 threshold ahead of highlighting the lows marked in December 2021 and January 2022, respectively around 0.6990 and 0.6965. In a case where the AUDUSD bears keep reins past 0.6965, the 61.8% Fibonacci Expansion (FE) of mid-June 2021 to January 2022 moves, surrounding 0.6920, should gain the market’s attention. Overall, AUDUSD bulls are up for consolidating the early 2022 losses on hawkish RBA. However, the upside momentum needs caution as the US NFP is yet to play its role.
by MTradingGlobal
1
GBPUSD drops from 50-DMA ahead of BOE, Brexit talksGBPUSD bears retake controls on the key Thursday comprising Bank of England (BOE) monetary policy meeting and important Brexit talks in Paris. Technical set-up hints at further weakness on the pair’s inability to rise past 50-DMA, coupled with the bearish MACD signals. However, a clear downside break of a five-week-long support line, near 1.3615, becomes necessary. Also probing the sellers is the latest swing low surrounding August month’s trough close to the 1.3600 threshold. In a case where prices remain weak past 1.3600, July’s low of 1.3570 will act as a buffer before dragging the quote to the yearly bottom of 1.3410. Meanwhile, a surprise positive fueling the pair above the 50-DMA level of 1.3705 will aim for a downward sloping resistance line from mid-September, around 1.3810. Following that, the 200-DMA level 1.3846 will be a tough nut to crack for the GBPUSD bulls before heading towards September’s peak of 1.3913 and the 1.4000 psychological magnet.
Short
by MTradingGlobal
CHEMBOND- Stake increase by DII/PromotersMy favourite Inverted Head and Shoulder Pattern is complete in this stock that I've been tracking for quite long. DIIs have increased heir holding from 0.37% in March Qtr to 0.67% in June Qtr. Promoters have been increasing their holding every Qtr since at least Sept 2018 The irony is the public holding has been reducing since June 2019 Qtr. They have been consistently reducing YOY their liabilities and borrowings since March 2014 Net Cash flow has seen a significant positive jump.
BSE:CHEMBONDLong
by CannySunny
10
GUJARAT GAS - Multi time Frame Analysis 1hr + 1 day INDICATORS USED: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. 3) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback H/Blue Candle: Selling Divergence L/Yellow Candle: Buying Divergence If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:GUJGASLTD
by ReeAishw