💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.66).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD 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 support.
. The RSI is at 55.
Take Profits:
TP1= @ 23.14
TP2= @ 23.43
TP3= @ 23.96
TP4= @ 24.59
TP5= @ 25.12
TP6= @ 25.52
TP7= @ 26.00
SL= Break below S2
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USD (US Dollar)
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1765.5).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1777.4
TP2= @ 1788.2
TP3= @ 1805.6
TP4= @ 1815.6
TP5= @ 1831.2
SL= Break below S2
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💡Don't miss the great buy opportunity in MATICUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.315).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSDT 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 support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.440
TP2= @ 1.520
TP3= @ 1.616
TP4= @ 1.750
TP5= @ 1.951
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD 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 resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 22.787
TP2= @ 23.124
TP3= @ 23.404
TP4= @ 23.700
TP5= @ 23.954
TP6= @ 24.289
SL= Break below S2
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USDINR View - Bullish
USDINR has broken out of range after about 20 days.
Good Volume candle
Chart pattern - Triangle Break out
Bull put Spread strategy for next few weeks...
USDINR: Breakout or Breakdown?On the weekly USDINR chart, there is a symmetrical triangle kind of a formation. It has taken about 20 months to form on the chart. This pattern could break on either side. My bias would be on the long side because the overall trend on the weekly and the monthly chart looks definitely bullish. But I would be open to re evaluate the scenario if it breaks the pattern and the trendlines to the down side.
Possible upside long term target: 81
Possible downside long term target: 67
Wait for the breakout and retest on either side, then trade on smaller timeframes.
_______________________________________________________________________________________________________________________________
Manage risk properly and trade your plan.
Like and follow for more. :)
USDINR may take breatherUSDINR have gone up .
But, a retracement is pending before speeding up .
wait to touch back74.30 zone(yellow line)
BTC/USD - weekly Analytics + Altcoins 04.10.2021Our expectations regarding the formation of a false breakdown are confirmed by the impulse growth. At the moment the price is consolidating before the continuation of the ascent of quotations, investor sentiment is at neutral levels. The key resistance will be at 5.579.000, its overcoming will open the way to the new targets.
Altcoins:
We highlight TRON and HIVE as the most promising coins for the development of a sustainable rising trend. (idea is confirmed by local growth impulses)
We also see high growth potential in TFUEL coin.
USDINR - Reversal from ResistanceNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bearish reversal from supply zone. Low of current candle is lower than that of previous candle.
SL: ₹ 74.70
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08887).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.09407
TP2= @ 0.09990
TP3= @ 0.11053
TP4= @ 0.11929
TP5= @ 0.12825
SL= Break below S2
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USDINR moving up1. USDINR have move upward Darvas box .
2. Momentum indicators are in +ve zone
3. rising crude price may push dollar up.
Dollar weaknessUsually a massive downward movement results in a spring like rebound but when price breaks down a key level and two massive supports i.e. the 50EMA and 200EMA, the psychology overtakes the physics. Monday would be crucial in determining the next levels. It would be the right move not to take long positions unless it moves above the 200EMA. If the rsi peeks into oversold regions, then the rebound would be very strong. But given the global cues regarding current situation of Afghanistan, rebound is likely to be gradual. Future price predictions are
Date Weekday Rate Max Min
30.08 Monday 72.81 73.90 71.72
31.08 Tuesday 72.74 73.83 71.65
01.09 Wed 72.81 73.90 71.72
02.09 Thursday 72.82 73.91 71.73
03.09 Friday 72.60 73.69 71.51
BTC/USD - weekly Analytics + Altcoins 27.09.2021Zig-zag shaped correction from 07.09.2021 - 21.09.2021 with a high probability ended with a false breakdown from the level of 43.000$, the pessimistic sentiment on the price lows confirms this idea. Further we expect a hike to the $50,000 level with further overcoming it.
Altcoins:
We highlight TRON and HIVE as the most promising coins to develop a sustainable rising trend. (the idea is confirmed by local growth impulses).
We also see high growth potential in TFUEL coin
USDJPY IdeaFirst Day of Analyzing USD. FOMC has pushed USD to the upside and and has now broken a daily resistance moving to the next daily resistance. This is my analysis where I will wait for break and retest to enter. Also sells should be more valid as we did move a lot to the upside and we should now correct the move a bit before continuing up.
BTC/USD - weekly Analytics + Altcoins 20.09.2021The key level of 42.800 has been broken through. With a high probability this very level will be the impetus for further growth of bitcoin . The general trend remains growing, in our view, the continuation of strengthening of quotations is only a matter of time, impulsive unidirectional growth waves will confirm this idea.
Alts:
We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)
We also see high growth potential in TFUEL coin.
USDINR View current weekHello Guys!
Hope you had enjoyed the festive season...
I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad...
May God shower blessings on all of us...
Sorry ! As I did not post anything for a while...
This week's USDINR view is as follows :
USDINR was sideways for quiet sometime, consolidating in a triangle pattern.
It broke upwards today and I see a target of 74.25 slow and steady. Support at 73.5
So, Bull put Spread can be a good bet. Sell 73.5 PE and Buy 73.25 PE
OR
We may also Sell Strangle 73.5 PE and 74.5 CE to eat premium
USDINR october FuturesUSD INR forming a inverted cup nd Handle on Daily timeframe. U can short at current market price and square off ur positions at 72.25