Final Support for Nasdaq is at 15510 below which it will breakdown until next support at 15280
Newgen Range Breakout Works very Well. On Positive Breakout We can see Good Move Up to Resistance after Resistance Breakout we can see more up move Always Usestoploss
The chart gives two directional possibilities if it goes above 17600, possible to reach 18115 if it cross below 17326, possible to reach 16975 The chart analysis is intended for STUDY purpose only No recommendations for TRADE
levels on the chart this is by no means a trade recommendation.
Despite failing to cross a convergence of the 200-SMA and a 50% Fibonacci retracement of June-August upside, the USDCAD pair remains above four-month-old horizontal support. Given the firmer RSI conditions, not overbought, the bullish momentum is likely to prevail for a while, which in turn can allow the pair buyers to cross the 1.2480 resistance confluence and...
High Momentum and good Risk to Reward makes it very lucrative at every dip. Disc: holding in portfolio hence views can be biased.
1- declining RSI . 2- declining MACD . 3- Heavy resistance at 50-51,5 k USDT. 4- q3 closing in 3 weeks. 5- out of 6, the previous weekly candle closed in red causing resistance and a decrease in the Volume over 6 weeks duration. your point of view or suggestions are most welcome
GBPUSD takes offers around 1.3620, refreshing one-month low after UK Retail Sales for July disappointed the cable traders during early Friday. Also weighing on the quote could be the US dollar’s safe-haven demand, backed by the covid and taper tantrums. It’s worth noting that the quote’s sustained trading below 200-DMA and bearish MACD adds to the downside...
EURUSD remains pressured around the yearly lows as the pair traders await July month Consumer Price Index (CPI) data from the US. The major currency pair dropped to the lowest since March the previous day while declining for the eighth consecutive day. However, a downward sloping trend line from July 07, around 1.1700, restricts the quote’s immediate losses....
Trend Following Strategy Included 1) Market Free float Weightage 2) Advance to Decline - to know the breadth of the market 3) To know the trend of the market added Moving average bands with a standard deviation 4) Signal generated automatically 5) Added Market opening area to identify 9:15 to 10:30 opening session
LODHA has been in a nice consolidation after a big up move. No large sell offs in the whole consolidation area. Can be a good buy above 638 with a 8% stop.
Brent oil holds onto a weekly uptrend despite the previous day’s pullback moves. The British oil benchmark keeps the upside break of double-tops marked in May amid bullish MACD. As a result, the commodity buyers should stay hopeful to refresh the multi-month top, marked the previous day around $71.50. However, the following run-up needs validation from $72.30...
ABFRL (Aditya Birla Fashion) broke out of trendline after healthy consolidation. Probably will continue series of HH and HL. Looking strong for short term swing trade. Target and Stop Marked on chart.
Stock is trading in a tight range can have a upside if breaks out of the range.
With the bond rout at its peak since early 2020, EURUSD drops to the lowest in five months as traders await US President Joe Biden’s infrastructure bill details. However, a sustained downside break of a three-month-old falling trend line favors the pair bears. As a result, a horizontal area established from September 25, 2020, around 1.1610-1600, gains market...
Not only failures to cross the support-turned-resistance line during the previous week’s bounce but bearish MACD and weak RSI, not oversold, also favors EURUSD bears as global markets prepare for the Fed decision on Wednesday. However, 61.8% Fibonacci retracement of November 2020 to January 2021 upside, around 1.1885, offers immediate support to the quote before...
Gold’s sustained trading below a horizontal area established since May 2020 gained support from Treasury yields rally to direct bears towards a falling trend line from August, currently around $1,680. However, the $1,700 threshold can offer an intermediate halt whereas double bottoms marked during May and June of 2020, near $1,670 could test the gold sellers...
Alike all major currency pairs, NZDUSD also benefits from the broad US dollar weakness during the early Tuesday. In doing so, the pair buyers attack an upward sloping resistance line from January 13, currently around 0.7260. Should the kiwi bulls manage to cross the immediate hurdle, backed by upbeat MACD, the quote may not hesitate to challenge the multi-month...