Gap Up Opening: If BANKNIFTY opens above 49500, anticipate resistance near 49609 – 49774 and potential downside towards 49159. A bullish scenario may emerge only if prices sustain above 49774 and trade beyond 49800, targeting 50187. Sideways movement between 49367 – 49774 is probable with downside potential towards 49159 – 48990. Flat Opening: In case of a flat...
As we enter the final stages of the bull cycle. Bitcoin has followed a mix of 2014 / 2017 pre and at halving. 2021 is not aggressive enough to hold the adoption LOG pattern so I will could it out following that path. If we get mutual funds + retirement funds adopting Bitcoin a 2014 scenario is looking interesting. Potentially a double rally? Until we pass...
The European Central Bank is poised to initiate interest rate reductions in June, potentially leading to a further weakening of the Euro in the coming weeks. In contrast, rate cut expectations in the US have significantly diminished since the end of last year. Financial markets now anticipate, at best, a maximum of two 25-basis point cuts in 2024. Some analysts...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65900 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 065900 support and resistance area. Trade safe, Joe.
Last Week : Last week Globex opened inside the Value of 5086 - 4925 Range and right away found buying that started pushing us towards VAH. RTH gave us a push out of Value and holds above brought in more buyers to give us pushes to the Edge and attempts at Previous Ranges VAL/Value area but that move was sold back down towards the Edge and back under 5086 brought...
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as Correction in Short Time Frame Fibonacci Level - 161.8%
Federal Reserve Meeting and Gold Price Outlook - The Federal Reserve is holding its two-day meeting starting today Tuesday and will conclude on Wednesday. Most market participants expect the Fed to maintain its current interest rates. The CME's FedWatch tool shows a 94.6% chance that rates will stay steady and a 5.4% chance of a 0.25% rate cut, which would bring...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36900 zone, USDCAD was trading i na downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
I am buying BTC at this level . If breaking trend line buying again at 50 <> 53 level . I am bullish ....
Using Fractals for Entry Points you can set your stop buy on the tallest top arrow to the right. Set your Stop Loss to the next bottom arrow to the left.
The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the...
Looking to see price continue its bullish move into highs for the rest of the week.
XAUUSD is currently positioned within the support zone and has potential to ascend towards yesterday's closing price at $2318 or above. Additionally, this presents a valuable position to consider taking.
Currently, Bitcoin is in a rather narrow range between $60,000 and $65,000, where bulls are defending their last support at $60,000 against the bears who have taken over the trend and set a lower high on the daily chart. The last hope for the bulls is to attempt a bounce from the Fibonacci zone between 0.786 and 0.618, which has not yet been tested. If this zone...
Hello TradingView Family / Fellow Traders, 🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase. HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds. 📈 For the bulls to take over again, we need a momentum candle close...
Volatility in USDJPY has increased over the past few days as markets believe Japanese officials may have secretly intervened in the FX market. The pair breached the 160 mark earlier in the week but did a quick turnaround and headed back towards 154, prompting speculation of an intervention. The fact the Bank of Japan kept rates unchanged on Friday weighed...
China has been on an uptrend. It broke the resend resistance. Dropped back on it and it up for today. It seems likely we move more up to the next level.