We outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than...
Pfizer is one of the world’s leading pharmaceutical company specializes in vaccines, hospitals, internal medicines and inflammation and immunology. Their manufacturing capacity is 4 billion tablets annually and supplied in neighboring countries of India. Pfizer CMP is 3866. Negative aspects of the company are high valuation (P.E. = 28.3), MFs are decreasing...
Privi Specialty Chemicals Ltd. is the leading supplier and exporter of aroma and fragrance chemicals. The company expanded to manufacturing capacity of 50+ products to 40,000 tons per annum with a power of two manufacturing facilities situated in Mahad, Maharashtra and Jhagadia, Gujarat. Privi Specialty Chemicals CMP is 1109.50. Negative aspects of the company...
Nifty since Mid April 23 has been smoothly flowing in the drawn hourly channel. Now it has taken steps today to break this channel. Breaking an hourly channel of Three months is a very tough challenge. Relative strength index is also approaching near it's sell zone. Perhaps little bit of more effort can take Nifty towards 19800, 19900 or perhaps magic figure of...
Bullish Opportunity on EURJPY - Inverted Hammer Pattern Indicates Potential Upside Move Greetings, traders! Today, I want to share an exciting trading opportunity on the EURJPY currency pair, which appears to be trading bullish on the 1-hour chart. After conducting a thorough analysis, I have identified a compelling bullish inverted hammer candlestick pattern,...
Possible shooting star reversal on the weekly if the next candle closes lower. We are at overhead resistance and there is bearish divergence on the RSI. Could be the bull trap that brings us back to the bottom of the pattern. If we lose all the support levels, we could test the lows again. BTC is up 100% since the beginning of the year. The appearance of this...
Dow Jones Index is currently trading within a horizontal intraday range. Its upper boundary was reached on Friday. Testing that, the market formed a descending triangle formation. The neckline of the pattern was broken. I think that the consolidation will continue on the Index and it will reach 34300 level soon. ❤️Please, support my work with like, thank you!❤️
NASDAQ:DDOG is struggling to make new highs. It needs to hold this support. The doji that formed at the end of the day does not bode well for a breakout. Does this mean their dream to chase down NASDAQ:SPLK market share may have to wait? Bullish Case - This is a tough level but not impossible. If they can add more value to shareholders, it can attract more...
Two pairs on main watch for me today, EURUSD and AUDUSD.
A short position I took on AUDNZD last week for a breakeven. Solid position here as experience stepped in and prevented me from taking a loss. All explained in the video and you will find my emotional trading log below, enjoy! 🧠 Emotional Log --- Pre-Trade Pre-trade I was in a state of slight hesitation/confusion, but not for my normal reasons (not wanting...
NSE: PRICOL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
NSE: NETWORK18 is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
This is the Yearly chart and it carries so much weight. We can see price traded lower into a deep discount of the range and we were stuck in a range for 8 Years dating back to 2015. Looking more closely, this range where price has been trapped is a battle between the Imbalances (Grey zones). Discount Imbalance sends price into premium imbalance and also subtly...
Hello traders! I would like to present an exciting trading opportunity on the USDCNH currency pair, which appears to be trading bullish on the 1-hour chart. After analyzing the price action, I have identified a compelling bullish engulfing candlestick pattern, suggesting a continuation of the upward trend. Let's dive into the details of this trade plan. Trade...
Hello fellow traders! Today, I would like to share an exciting trading opportunity that has emerged on the GBP/JPY currency pair. Through careful analysis of the 1-hour chart, I have identified a bullish trend, supported by a significant technical pattern. Trade Plan: Entries: Buy at 181.441 & 181.443 Stop Loss: 180.214 Take Profit 1 (1:1 Risk-Reward Ratio):...
what i feel is going too happen because that place has been ranging for the full day on friday
Eurusd daily forecast. Eurusd is weekly liquidity point. And also to pick a daily liquidity and move to sell side i seeing. #eurusd #eurusdforecast #eurusdanalysis
💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're...