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Trend

EURUSD braces for 100-pip fall on breaking 1.0200 support EURUSD began the key week by breaking an important support confluence surrounding 1.0200, which includes 100-SMA, 200-SMA and a one-month-old ascending trend line. The bearish bias also takes clues from the downbeat MACD and RSI conditions, confirming further south-run of the major currency pair. That said, the 23.6% Fibonacci retracement of the late June to July downturn, around 1.0100, lures the pair sellers. However, the 1.0000 parity mark appears a tough nut to crack for the bears, which if conquered could make the prices vulnerable to refresh yearly low, currently around 0.9950. On the flip side, sustained trading beyond the 1.0200 support-turned-resistance needs validation from the 50% Fibonacci retracement level of 1.0285 to convince the EURUSD buyers. Even so, a two-month-old horizontal resistance area around 1.0360-65, also comprising the 61.8% Fibonacci retracement level, will be crucial for the bulls to watch. In a case where the stays beyond 1.0365, the odds of its run-up towards the late June swing high around 1.0490 can’t be ruled out. Overall, EURUSD is likely to decline further as traders await important fundamental catalysts from the US and Eurozone.
by MTradingGlobal
BECTORFOOD : Will be more tasty if sustains the momentumStory started only from past 2 weeks after crossing 4 Weeks high on 22nd July. 2022-07-22: Crossing 4 week High, close is above 20 SMA on Daily and Weekly time frame- but below on Monthly time frame 2022-07-25: Cross WK Piv Upside increase in momentum 2022-07-28: Cross WK Piv Upside 2022-08-01: Crossing 4 week High 2022-08-02: On Daily time frame, SMA 30 cross SMA 100 - consider for Long. Volume is highest in 3Months. 2022-08-05: Today again volume is highest in 3 Months. 2022-08-08: Crossed trend line, Daily VWMA is crossing Weekly VWMA. ADX >38, DI+ > 35 If sustain the move after retest trend line - we should be seeing 390 / 440 levels in short time. Its my own understanding - please spend time on own research.
NSE:BECTORFOODLong
by rvc8280
Market Trends Market Trends If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept. Please remember this is an educational post to help all of our members to understand concepts used in trading or investing. Introduction Type of Market Trend/Cycle 1) Uptrend/Advance Market (Bullish) 2) Downtrend/Declining Market (Bearish) 3) Accumulation at Top ( Range Market) 4) Distribution at Bottom (Range Market) Few Examples Below 1) Uptrend/Advance Market (Bullish) Usually in the Uptrend market, the price will not break the previous support level (Higher Low), It can retest but it will not break the previous support level. If support breaks then the trend will continues toward downside During this trend phase investor/trader become more and more bullish . 2) Downtrend/Declining Market (Bearish) Usually in the down trend market, the price will not break the previous resistance level (Lower High), It can retest but it will not break the previous resistance level. If resistance breaks then the trend will continues toward upside During this trend phase investor/trader become more and more bearish . 3) Accumulation at Top ( Range Market) It is First stage of market cycle.During this phase investor/smart investor will start accumulate the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end buyers will take over the seller. Breakout Characteristics - High Volume (Demand) and Bullish Candle 4) Distribution at Bottom (Range Market) It is Third stage of market cycle.During this phase investor/smart investor will start distribute the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end sellers will take over the buyers. Breakout Characteristics - High Volume (Supply) and Bearish Candle Thanks for reading!
MCX:GOLD1!Education
by TheNewsCrypto
10
REFEX - Possible BOLooking at the charts, REFEX seems to be breaking out past 9 months trendline. If sustained - we should be seeing 160 levels very soon. 2022-07-26 - Price -116.35 - Today price crossed WK Piv Downside. Out of Squeeze & candlestick formation: Marubozu. close is above 20 -SMA on Daily time frame & below on W/M time frames. 2022-07-28 - Price crossed Cross WK Piv Upside, On Daily time frame SMA-13 Crossed SMA-55 upside. Also Normal NR7 2022-08-01 - Volume is 3-M - High. ADX >26 and DI+ >37. Close Crossing 4 week High, close is above SMA-20 on D/W/M time frame.The trend changed to +ve on M & W time frames. 2022-08-04: Price :130.15 ADX>31, RSI- Monthly :57.7 WeeKly:57.9 Daily:72.3. High on momentum. Add to watchlist.
NSE:REFEXLong
by rvc8280
JAMNAAUTO Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:JAMNAAUTOLong
by Rvkachhadiya
2
AUDUSD bulls flex muscles with eyes on RBABe it a weekly ascending trend channel of the bull cross, AUDUSD flashes upside signals ahead of the key monetary policy meeting of the Reserve Bank of Australia (RBA). That said, the bulls may retreat from the upper line of the stated channel, around 0.7040 by the press time. Even if the quote rises past 0.7040, the mid-June swing high near 0.7070 could challenge the additional run-up. It’s worth noting, however, that the pair’s run-up beyond 0.7070 enables it to challenge June’s peak of 0.7282, with the 0.7100 and the 0.7200 round figures likely to offer intermediate halts during the expected rise. Meanwhile, the 50-SMA and the channel’s support line together restrict the short-term AUDUSD downside to around 0.6930. following that, the 200-SMA, close to 0.6880, could challenge the pair bears. In a case where the prices remain weak past 0.6880, the 0.6760 and 0.6710 may act as the last defenses for the buyers, breaking which the south-run towards the yearly low of 0.6751 can’t be ruled out. Overall, AUDUSD is on the bull’s radar ahead of the key RBA. However, further upside may witness a pullback before challenging June’s peak.
by MTradingGlobal
GRAPHITE INDIAWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:GRAPHITELong
by Rvkachhadiya
Inverse Head and Shoulder PatternThis is 1D timeframe. Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head. Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade. Will wait to get a closing above 20th July candle with volume support. Then I can target the 1660-1670 zone. I can keep stoploss below neckline to gain good RR ratio. This post is for information purpose only.
NSE:INFYLong
by AkshayAdak