The EURUSD rally continues and we are now above 1.1200. The next resistance level is at 1.1274. All active buys should have stops moved and a close option considered. There is no basis for new entries at these levels! At the end of the week, there may be some profit taking which will lead to a correction.
Yesterday the big news passed and EURUSD went up over 100 pips. Thus, it broke the resistance and confirmed the upward movement. All active buys can be with stops moved below 1.1000. The next resistances are at 1.1178 and 1.1274. The levels around 1.1080 will now act as a support and we will look for buys on a pullback. Today, we are more likely to see a...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
Some of the most important news for the market at the moment will be published today. Inflation data in the USA will be announced at 15:30 Bulgarian time. Regardless of the values, larger fluctuations are expected. Therefore, before important news, it is recommended to reduce the risk of active positions and avoid new trades. EURUSD continues its uptrend and...
Making a top down analysis from higher TF, starting from weekly, looking at the ascending trend line, gold is in uptrend, after weeks of correction that broke the trend line into the strong demand zone, moving to daily TF and seeing a reversal candle stick star pattern on the strong demand zone it could be the end of the corrective move. on 4H TF price is in range...
It had a clean impulse on the daily chart. Now with 61% retracement done, it would be a good idea to consider Wave 3. Momentum Indicators are bullish on the weekly chart and it has taken a support from 40-week EMA. The candlestick is a hammer pattern as well. Classic example of resistance turned into a support or in other words, breakout and a...
🔍 Let's explore the current outlook on USDCAD from two different perspectives. 📉 The major break of a key support level suggests a bearish sentiment in the market. I'm inclined to take a shorter position, and I'm patiently waiting for a retest at 1.3305 for a potential shorting opportunity. 🕰️ However, if you have a different view, on the 4-hourly chart, there...
🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart....
📉 This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96. ⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the...
📈 My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup. 🔍 There are two possible scenarios to consider: 1️⃣ Waiting for a retest back to the trendline for a prime buying opportunity. 2️⃣ Observing a violation of the red line at 1.2853, followed by a retest, before entering a...
🔍 Take Note! This week's market may experience a retracement, and my focus is on a potential shorting opportunity at the resistance level of 1.0987. Stay tuned as we analyze the charts and identify the optimal entry points for profitable trades. Let's navigate the retracement together and seize the right opportunities! 💪📉
This is an exhilarating opportunity on Nasdaq, unveiling its bullish potential on the 1-hour timeframe. It's time to catch the wave of profits as we dive into the intricacies of this highly reliable trend continuation setup. Our journey begins with the formation of a bullish bat pattern, a formidable harmonic pattern renowned for its accuracy. The current market...
the price can reject from this important area . so we will wait for confirmations like candle patterns or trend line break .
Yesterday EURUSD started EU session with rise, but failed to continue and is currently passing below the previous low. This doesn’t change the main direction we’re looking for and we will watch for pullback from the support zone. We are more likely to see further pressure towards 1.0778 today, with the NFP data coming tomorrow which may provide new entry opportunities.
PIDILITE Industries' daily chart shows a Morning Star candlestick pattern, finding support at the 50 EMA and the Fibonacci 61.8% level. The 14-period stochastic oscillator indicates an oversold condition and recent reversal, confirming a potential uptrend ahead. Bullish signals suggest positive price movement. Buy at Market, Target at 2700, Stop Loss at 2550
Yesterday EURUSD continued its sideways movement and we are currently below 1.0900. We are watching for a reaction from these levels and a buying opportunity. The objective remains to continue the uptrend and target 1.1080. This provides an entry opportunity with a very good ratio on a pullback from current levels. A break above 1.1000 will confirm the upside.
Although the Forex market is open 24/5, there are days when it’s better not to trade. One of those days is the 4th of July- US Independence Day. US markets will be closed and activity will be lower. This, of course, doesn’t prevent long-term positions from developing. We expect a continuation of the rise in EURUSD and a move above 1.1000!
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT