Bank Nifty is weak. It has recently broken the uptrend maintained in the past few weeks. However for the next 2 - 3 days a upside move is possible to be seen only to witness a greater fall in days following it. Stay cautious and downsize your positions.
Hey. I'd like to talk about the effect of lower interest rates on something called 'net interest margin'... In other words, how banks make money. The chart attached shows US commercial banks' net interest margin (blue) versus the target Fed Funds range (white). Net interest margin (NIM) is a measure of the difference between the interest income generated by...
Hello Traders! Great moves on Gold. It went like expected. The price went up to the Supply Zone to grab some more liquidity and boom it dropped 200pips in a short time. Very nice What now? For me price is between a Supply and a Demand Zone. I expect the price to drop more down. The final target for the short position will be the Demand Zone. From there we can...
Hello Traders! On GBPUSD I see downside movement. We are right now at a h4 Supply Zone. I expect the price to drop down. It might go first up to the Supply Zone again to grab some more liquidity and afterwards we can expect the drop. Then I marked on the chart another Supply Zone. If we will break it, we can again short GU at the retest of the second Supply...
ITSA4 seems to be tracing a bearish triangle. If this is the case we may see another small leg up that would end wave e and also (B) and after that a strong move down. If prices crosses down 8.15 the odds will point to more certainty that prices should continue down. If prices crosses up 9.90, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
Hello Traders! First of all I wanted to thank you for the huge engagement on my last XAUUSD analysis. I really appreciate that. So now let's go to the update and the explanation. What happened ? Yesterday I posted an Analysis on Gold with bias SHORT . Price went up to the mentioned Supply Zone(h4) but it never closed below this zone. Instead it closed above...
Hello Traders! Great moves on EURUSD yesterday. Price went up to our Supply Zone. Normally from here I would expect a nice drop to the downside. Also we got a nice price action call but the next candle was not great. It signalize us indecision phase on EURUSD. For those who jumped into the trade they can easily close it in profit or put SL to entry and have a...
Hello Traders! Supply Demand: Quick Update on GBPJPY. We got a break of the Support Level and Price pushed down. Now the price went up and it grabbed some liquidity from the h4 Supply Zones in order to get a deeper push to the downside. Me personally I do not like to trade break outs. I like it more when the price retrace after a breakout to grab more liquidity...
BANK Nifty TA Update: BANK Nifty Now 19500 Point. This is Rtest Level after breakdown The support. So I can expect Next down leg soon if you short or put then you can exit first Support At 19048 Point. and after this support breakdown then next stoppage would be 18118 point. so now I take put at 19730 Level and waiting for Close at support level ....
Hello Traders! Like mentioned in the last analysis. This is my analysis of the bigger picture. Why do we need the bigger picture? This should be pretty clear. We can not always trade on the lower timeframes just because the charts look good for that specific setup. It is important to trade with the overall direction of the market. Therefore all you trade setup...
We are on a all time low for Societe Generale at 14.5 and just below a major support never broke even in the middle of the 2008 crisis at 15.296 we should wait for the monthly close if it´s above or below 15.296 if above we will eventually rebond if not … For the long term Investors the Dividend yield is 12.5% and the EPS (earning per share) = 3.085 you could...
First off, please don't take anything I say seriously or as financial advice. This is on opinion basis as always. That being said, let me get into a few of my key points. Bancorp has long potential, not many are disputing that. However, currently as a short term trade, I would suggest doing a sell-off at $35.47 as a negative retracement or bearish run seems...
If you've been following my previous thread, you know that I've been watching the 50-day EMA and the 200-day EMA as possible reversal levels for this rally in the S&P 500. We eventually pushed past the 50-day (green curve), but yesterday we got rejected from a test of the 200-day (dark blue curve), and now we've violated the upward trend line (light blue line)...
eurpln looks drop to confirming daily demand strong area. good time to set but limits.
Hello Traders! Cheers Guys we hit our Take Profit on Bitcoin. It is the weekly Supply Zone. What next: Now we should definitely wait for the weekly close. Also we need to watch the lower timeframes. We need to see how the market will react on this weekly Supply Zone. Why should I care about Supply and Demand Zone? On this zones banks and financial...
I've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days! Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that...
JPM :STRONG SELL Analysis Method: Fibonacci & Wave Theory Wave Sequence: Hourly Target: $50 Time-frame: 40-60 days (June) Will update. FMW