This week, NZDCAD broke through and closed below an important horizontal support level. The broken support has now become a resistance level, which the market is currently retesting. I anticipate a bearish trend continuing towards the levels of 0.8117 and 0.8070.
We got a decent reaction from the .618 fib level Currently, we can see that $5.20 is acting as the immediate resistance If we can hold 4.90 here, there's a chance we can fill the lower timeframe inefficiencies around 6.30 to 6.50
So, I would like to give a more updated view and opinion on Bitcoin from the weekly perspective. Bitcoin's price has been in a range since June, which can be seen from the H4 & Daily time frames. Suffice to say, it's bullish, but for how long is the question. I say that due to the fact that there's huge barriers up ahead waiting for price action to enter. Even...
Last week, the Asian market opened. Affected by geopolitics in the Middle East, international gold prices opened high and then fell back, causing large market fluctuations. Several Federal Reserve officials will speak this week, and investors will need to pay close attention. From a technical point of view, the international gold price is under heavy selling...
We will attempt to buy SOLUSDT at breakout of LH by placing buy stop (also HL , Bullish divergence occur indicate that it will move upward). SL , TP mention in chart.
Endurance Technologies Limited engages in the manufacture of two-wheeler and three-wheeler automotive components. It offers Aluminium die castings, suspension, transmission and brake systems products. The company was founded by Anurag Jain in November 1985 and is headquartered in Aurangabad, India. CMP of Endurance Technologies is 1878.50. The positive aspects...
Ador Welding Ltd. is a holding company, which engages in the manufacture and sale of welding equipment. It operates through the following segments: Consumables, Equipment and Automation, and Flares and Process Equipment Division. The Consumables segment comprises of electrodes, wires, agency items related to consumables from Silvassa, Raipur, and Chennai plant....
After taking a drastic beating due to Israel and Iran conflict Nifty today has taken a support near Mother line (50 EMA). There is also a trend line support at the same place. If there is no bad news in next one or two days we might see a reversal in Nifty in favor of Bulls. In case there is some more bad news we may see bears tightening the grip over the market....
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 07 august 15 - If we are looking for sells we take on until 13th august 03 and tp 2 7th nov 02 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 3-8% of our...
CRUDE OIL formed a nice double bottom pattern after a test of a key intraday support. The breakout of the neckline of the pattern is an important bullish confirmation. We can expect a bullish movement at least to 86.0 level. ❤️Please, support my work with like, thank you!❤️
With the DXY strength EURUSD made a dive lower last week. I will be looking for a short trades this week after some retrace higher to Daily bearish FVG which aligns with broken daily swing low.
CHFJPY formed an ascending triangle formation last week. Yesterday, the price bounced and formed a high momentum bullish candle. It managed to break and close above the neckline of the pattern. The pair may continue growing. Next goal for buyers will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
Market Outlook: The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under. Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424,...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
We can attempt to buy AUDCAD at HL (also 0.5 FIB , EMA 100 intact). SL , TP mention in chart Analysis at 4 hour
NZDUSD Buy at breakout of HH SL , TP mention in chart
NZDCAD can be attempted to short at LH (also bearish divergence occur) by placing Sell limit. SL , TP mention in chart Analysis at 1 hour
This a simple one with a destination in sight with multiple scenarios possible. Simulated projections gave rise to the elements in the project where potential support/resistance or influence zone might occur regardless of the path. I have a slightly grim outlook for Tesla and won't be at all surprised if it slowly decreases in value ignoring the ultimate target,...