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Trend

USDJPY has more room towards the south as it breaks 200-DMAUSDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low. Even though the oversold RSI suggests a mild corrective bounce, the trend appears bearish after it broke an upward-sloping support line from late May. That said, the bears currently aim for the 78.6% Fibonacci retracement level of the pair’s May-October upside, around 132.00. If the quote fails to rebound from the key Fibonacci retracement level, the August month’s low near 130.40 and the 130.00 round figure may act as the last defense of the buyers. Alternatively, recovery moves need to provide a daily closing beyond the 200-DMA level of 134.60 to tease intraday buyers. Even so, a corrective bounce needs to cross the 137.40 resistance confluence comprising the previous support line from May and a monthly descending trend line. Should the quote rises past 137.40, another trend line from October 21, close to 140.25, will be crucial before giving control to buyers. Overall, USDJPY is likely to witness further downside towards 132.00 but further downside appears bumpy.
by MTradingGlobal
Nifty 50 index flat until....Nifty after the initial gallop will consolidate and would be flat, the last 90 mins were rangebound between 18667 & 18616. ADX must move over 25 to point toward a trending market. Also, price volume needs to move over its signal line else the index is expected rangebound. PIVOTS Levels R3 18742.05 R2 18693.94 R1 18664.21 P 18616.1 S1 18567.99 S2 18538.26 S3 18490.15 Disclaimer: The content provided here is purely the views of the author and traders or investors need to follow their own analysis prior or consult a financial planner prior to investing. Investments in the stock market are subject to market risk.
NSE:NIFTY
by blr.sunila
PAYTM --TREND ANALYSISPAYTM TREND ANALYSIS --HOURLY CHART. 1 . AS seen on hourly chart paytm look bullish after trendline breakout above 485 , if 15min/ hourly candle close above 485 , 2. chart formation will be bearish if 15/min , hourly candle close bellow 440 3. support on chart seen around 445-450 and resistance 545-550 level 4 currently stock trading at 475 sub level . for initate BUY position entry after confirmation as above 485 for positional target 500-525-550 stop loss should bellow 440 level now 5. pullback seen on oversold line as RSI at Around center line at hourly chart currently. ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..TRADE AT OWN RISK **COMMENTS AND SUGGESTIONS ARE WELCOME HAPPY TRADING, !!
NSE:PAYTM
by champtrade111
Gold buyers are all set to revisit $1,787Gold pierces 50-SMA as it braces for the weekly gains with a four-day uptrend. The upside momentum also gains support from the MACD and RSI indicators and portrays a nice bounce off the previous monthly peak. With this, the yellow metal is set for refreshing the monthly peak surrounding $1,787. In that case, the $1,800 threshold gains major attention ahead of August month’s high near $1,808. It’s worth noting that the bullion’s successful run-up beyond $1,808 enables the bulls to retake control and aim for June’s top surrounding $1,880. Alternatively, failure to stay beyond the 50-SMA level surrounding $1,756 could drag gold prices towards the seven-week-old resistance-turned-support that also encompasses the 100-SMA around $1,730-28. Should the precious metal fail to bounce the key support zone, the 50% Fibonacci retracement level of its September-November upside, near the $1,700 round figure, could act as the last defense for buyers. It should be observed that the quote’s weakness past $1,700 won’t hesitate to recall $1,680 on the chart. To sum up, gold buyers are all in to refresh the monthly high.
OANDA:XAUUSD
by MTradingGlobal
Nifty 50 to see further upside - Can test 18600 levels and up25 NOV 2022 - INFOPLUGGED Follow the trend and do not take trades against the flow. There is a positive bias overall and the market is still bullish over the week. Nifty 50 after being in green over the last 2 sessions showed a good rally at the monthly closing. There is further upside expected and could test 18600. Following are the pivot levels expected for 25th NOV. There is good support on the 18400 level and heavy resistance at the 18600 level. PIVOTS LEVELS R3 18671.47 R2 18581.53 R1 18525.96 P 18436.02 S1 18346.08 S2 18290.51 S3 18200.57 Disclaimer: The content provided here is purely the views of the author and traders or investors need to follow their own analysis prior or consult a financial planner prior to investing. Investments in the stock market are subject to market risk.
NSE:NIFTYLong
by blr.sunila
1
EURUSD is on the way to refresh monthly highEURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290. The upside momentum also crossed the support-turned-resistance line from November 04, close to 1.0370. That said, firmer RSI and bullish MACD signals keep the buyers hopeful of keeping the reins beynd the 1.0370 hurdle, which in turn could allow the pair to refresh the monthly top, currently around 1.0480. In doing so, the 61.8% Fibonacci Expansion (FE) of November 10-21 moves, near 1.0560, will gain the market’s attention ahead of late June’s peak of 1.0615. Meanwhile, a downside break of the resistance-turned-support line of 1.0290 could quickly fetch EURUSD towards the weekly bottom surrounding 1.0226. Following that, a south-run towards a one-month-long horizontal support area between 1.0100 and 1.0085 will be in focus. In a case where the pair sellers dominate past 1.0085, the 200-SMA level near 0.9985 may act as the last defense of the buyers. To sum up, EURUSD remains firmer past short-term key resistances and signals additional upside.
by MTradingGlobal