EURUSD remains above the top line of a three-month-long bullish after the Fed-inspired volatility. The nearly overbought RSI (14), however, suggests that the bulls are running out of steam of late. That said, the 100.0% Fibonacci Expansion (FE) of the pair’s moves between November 11, 2022, and January 06, 2023, close to 1.1045, appears immediate hurdle for the...
Observe chart and see if it make sense. There is unfilled gap which Nifty could try to fill in before it take stop at high of previous consolidation zone.
Trading range breakout seen in the stock with good price action. Stop loss and target mentioned in the chart. Cheers, priceNpedia
Despite the latest pause, AUDUSD extends the week-start pullback from a nine-month high as the economic calendar starts spreading key releases. In doing so, the Aussie pair stays inside the monthly bullish channel. That said, the RSI retreat from overbought territory joins the downbeat MACD signals to also tease bears. Even so, a convergence of the stated channel...
Sell SBIN for the target off 546 wave Analysis NSE:SBIN
USDCAD sellers hold the reins for the sixth consecutive week so far as traders await the Bank of Canada (BoC) interest rate decision on Wednesday. That said, the BoC’s likely 0.25% rate hike is expected to join the bearish MACD signals and favor the pair bears. However, a convergence of an upward-sloping trend line from June 2022 and a 50% Fibonacci retracement of...
see in this chart market is in up trend in 1 day chart and consolating in 15 min or less so support and resistance is marker take a long position dyor
GBPUSD regains upside momentum, after a soft start to the week, as the Cable traders await the UK PMIs for January. It’s worth noting that the bullish MACD signals favor the latest upside but the RSI is nearly overbought, which in turn highlights the six-week-old horizontal resistance area surrounding 1.2450. Should the firmer British activity data allow the quote...
Tracxn Tech limited is showing ascending triangle pattern and it already have faced resistance 3 time.. now we can expect bullish continuation trend after breakout.. this is my prediction and not buy or call recommendation
Even if the USDJPY pair posted the biggest weekly gains in seven in the last, it remains inside a bearish channel. Additionally keeping the Yen pair sellers hopeful is the quote’s repeated failures to cross the 100-SMA. That said, the quote currently drops towards a one-week-old support line, close to 128.00. However, the May 2022 low will join the lower line of a...
SELL BELOW: 1979 TARGET : 1039 Reason For Selling This Script : In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 1979 in monthly time frame and then try sell. Waiting for neckline breakout. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take...
1) Strong weekly close. 2) Expect a bullish move in upcoming weeks. 3) If it seems risky - wait for the retracement and then take an entry.
A two-month-old ascending trend channel backs the EURUSD pair’s upside bias, despite multiple failures to cross the 1.0880 horizontal hurdle in the last week. That said, the 50-SMA and the 100-SMA restrict immediate downside around 1.0790 and 1.0700 respectively. Following that, the stated bullish channel could be at the test and hence the 1.0575 support will gain...
SGX nifty may bounce from here as taking trendline support.
only educational only. it is already in uptrend but due downmarket sentiments it is behave like sideways but it is preparing for breakout as there is clear cut ascending triangle pattern formation when market sentiments will be good then the breakout will happen very soon #swingtrade #jubilant
Skipeer given breakout and offering 2nd buy point near moving average
lower highs and lower lows can be seen in downtrends When a price makes a new low breaking the previous low while not Breaking the recent reversal high, it results in a “Lower Low, Lower High” formation. The structure represents reversals that are being used to exit long positions. Trend Analysis- Lower High - 18141 level may be trend changer for nifty on...
Hello Traders! We recently saw the market analysis of Nifty50 using Elliot wave theory. Elliot wave theory can be very accurate when it comes to the market. You can get the analysis wrong, but if you apply the theory correctly, it can help you in more ways than one . 1. As we see on the chart, Wave 1 and Wave 3 were completed in 62 days each . This is not...