With oil shooting above $100 a barrel, Indian rupee is on the edge of precipice . @RBI 's loose monetary policy and loose talk on never raising rates is going to push the Indian rupee from the clif. #Nifty #nifytbank #USDINR
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.04916). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD 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...
From 24.01.2022 to 10.02.2022 an upward impulse movement was formed, increasing chances for the tendency change towards the growth of quotations. With a high probability the correction to this impulse was completed on 24.12.2022, this is proved by breakdown of the key level 42680. Together with the pessimism of investors and the technical picture we expect the...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (26.22). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ATOMUSD 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 (0.8073). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD 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...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (9.46). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . UNIUSD 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...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (27.14). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ATOMUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (2.4984). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MANAUSD 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...
Technical situation in bitcoin is still uncertain, but at the same time we believe that correction from April 2021 is coming to the end. Buy entry tactics looks logically justified as at the moment there is an impulse movement, which gives us a reason to expect the continuation of the recovery (cancellation of the scenario of the exit below 34300). Plus, the...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1902.4). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Cup and Handle are visible and possible movement is portraited.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.9191). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDCHF is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts...
EUR/USD isat supply zone and now its forming BAT patten so expecting sell trend
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.7726). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XRPUSD 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...
Midterm forecast: 1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1874.88 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to...
Hi Folks! USDINR gave a bearish Momentum lately, now it seems to be stuck in a range. Bollinger bands are also flat with 75.25 and 74.75 as resistance and support. It may make a rangebound flag as per Price action. To make value out of this range, we may consider doing a straddle / strangle Or may go for our usual bear call spread as direction is still...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (41034.89). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD 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...