Market Analysis, #DXY #Nifty #Dow #Adani #Adaniports TVC:DXY NSE:NIFTY NSE:CNXSMALLCAP
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (5.70). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . FILUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Despite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep. Consider below reasons for selling market. 1. EURUSD is now trading below 50% and 61.8 fib ret. This is clear indication that EUR could continue trading low against Cable. 2. Another...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.6567). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MANAUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Last day bear trap is formed in USDINR, it simply means that it will be bullish for coming few days and can go up to at least high of double top i.e.,83.10 (might break that also). Let us decode the sentiments during this candle formation, On 26th when this big bearish candle gives closing below last swing low, people would have shorted it taking double top in...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.5575). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Dollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart. ---- The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro...
Time for UD dollar to probably pause for a few months. Upside first target complete.
USD/INR daily chart formed shooting Star. 1:1 Target on daily chart is 81.765. Also it formed negative divergence with double top.
In gold/usd we can go both short for scalping and long for swing trade. The trade is quite risky as we are going to trade for a reversal. Their is good buying momentum broom bottom so this can be good place to buy on green line (after a retrecement from rejection levels I.e red line ).
Dollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index. As per my view we will be going higher...
Hey Folks ! USDINR Correction did a pennant breakout instead of the Breakdown as expected in earlier post... So, we will trade what we see in market instead of what we expect... Now for a longer term the trend has turned bullish with a Resistance Breakout and EMA Positive Cross Over (PCO) If you see in the above chart, we have seen similar pattern previously and...
A steep trendline of USDINR will make it quite difficult to sustain also merging with previous resistance,. Let's take how it goes from here, i would avoid fresh longs...!! FX_IDC:USDINR
Price has brocken out of the channel, we expected price to continue sell side after the consolidation
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (144.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.606). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (74.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . QNTUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...