Today's potential trades for #XAUUSD - XAUUSD It's almost 90 pips between today's support/resistance zones. If there's no breakout, we have enough room to trade within these prices, on the smaller time frames with care If there is a breakout of today's support/resistance zone, it will come at the levels in the photo
Jamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity. Reasons are listed below : Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend. A bullish engulfing candle on the weekly timeframe signals a potential...
Container Corporation stands out as a promising prospect, supported by compelling technical indicators, inviting closer scrutiny. Reasons are listed below : Container Corporation has exhibited resilience at the 815 level, undergoing multiple tests before breaking through. The ongoing retest of this level signals a potential paradigm shift in the stock's...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin. 📆 Today's Coin: ENS Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS...
Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of...
Good Evening and I hope you are well. dax cfd Quote from last week: bull case: Bulls got a new ath and market sold off for 200 points to close the week below 18900 which was the second weekly rejection of that price level. Bulls need to keep this pull-back shallow, inside the small bull channel and above the daily 20ema for continuation. The bull channel and...
gold futures Quote from last week: bull case: Bulls continue inside the wedge and buy every dip they get. 2450 obvious magnet above. I won’t make this longer than it has to be. Weekly and monthly charts also just give bullish signals for this. This month is still an inside bar on the monthly chart, so if bears keep this as a lower high, odds favor trading...
Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls have every argument on their side for printing higher prices. Bears created 1 bear bar in 11 days and Friday closed 1 point below the daily high. That is as clear of a buy signal as it can get. At the minimum they want to retest 5349 but if bears step aside...
🔍Let's dive into today's analysis. It's Sunday, and since it's a holiday, the market volume is lower than usual, making market movements less reliable. 📆Coin of the Day: Render Token (RNDR) Today, we're analyzing Render Token (RNDR). I've previously analyzed this coin on the daily timeframe, and I hope you took advantage of the entry points I provided. The...
This week, EURJPY broke and closed above a key daily structure resistance. After a breakout, the broken structure turned into support and was retested. Retesting that, the market started to consolidate within a horizontal range on a 4h time frame. A bullish violation of the resistance of that range is an important intraday bullish confirmation and sign of...
🔍Let's dive into today's analysis, which is different from our usual cryptocurrency reviews. Today, we'll be analyzing gold on the weekly timeframe, as this is our first gold analysis in the channel. We'll start with a broad overview of the chart and later delve into lower timeframes. ⌛️As you may know, gold's long-term trend has historically been bullish. This...
Price has been pushing up for a few days now and this has been great. I am still conducting research and analyzing SHIB, but do have some thoughts currently. I am thinking, SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl. There are those that likely bought at 0.000006 or somewhere near here...
The last bullish move was quite strong, with the price moving above a large consolidation zone from March to April. Now, we have something that looks like a bull flag—the price is crawling slowly down, finding some support near the consolidation POC. This is a very tempting opportunity to enter a LONG position with a potential upside of 15% or more. However, it is...
Market closed strongly last week after reaching a new historical high. There was some sluggish consolidation on Thursday-Friday but near end of Friday trading hours, bulls put end to it by setting hourly higher low. Friday closed within Thursday’s range after a failed break-out, which is a very bullish signal. Currently, we have full alignment on all major...
🔍Let's dive into today's analysis. Yesterday, the Ethereum ETF news was confirmed, but since it was already priced in, the market didn't rally. Instead, those who had bought in anticipation of an Ethereum pump started selling. ⚡️ Market Momentum Currently, there is a bearish momentum in the low wave cycle (LWC), which could extend to higher wave cycles (HWC). ⛓...
The target has been reached. The area of the purple box is a good level to take profit. Happy Trading