As we can see in the chat above ; there has been a rejection at (2378)since Gold flew up after the news that came up on Friday ( prelim Uom Consumer ) so I believe we should continue moving down in London session if we had enough volume from the usd , Be patient in executing your trade ; Good luck everyone
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Based on the 4hr timeframes, ADA seems to have formed a triangle pattern from there it should squeeze to the near .60 cent mark. On the larger timeframes based on the fib, ADA has retraced to the golden .618 level and seems to be holding this can indicate an impulse move to the $1.00 ADA. Fundamentally Bids have out weighed Asks nearly 3 to 1 so a more bullish...
Canadian job market expanded by 90.4K fresh payrolls while annual wage growth slowed to 4.8%. Fed Bostic said the central bank is uncertain about when and how much interest rates should be reduced. Oil Price Decrease boosting the USD on the other hand. Gaza tension also could increase the flow to safe haven Dollar, increase the Dollar Strength Technical...
I think that Nifty 50 has made a support zone between 21700 and 21800 and there is a resistance at 22500/22600 but a strong resistance zone between 22750 and 22800. The current trend according to Dow theory is buy with strict SL #Educational purpose only.
"D-Link India has recently shown a promising breakout candle, indicating a favorable area for accumulation Previously, D-Link India formed a triangle pattern, resulting in a significant 30% move. Currently, it's consolidating well from that point, presenting a great opportunity."
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...
We support that has broken support for NZDUSD from news of NZD Inflation Expectations q/q. With this push of a short, we could see the pair to drop further with USD Core PPI for Monday morning. Please keep an eye on it through the morning. TP: 0.5990 or below
ICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
If BANKNIFTY sustain above 47512 then 47603 to 47657 then 47748 to 47803 then 47893 to 47948 then 48038 to 48093 If BANKNIFTY sustain below 47367 or 47313 then 47196 to 47168 then 47077 to 47023 then 46932 to 46878 then 46787 to 46732 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I...
Looking for a sell opportunity. Reason to sell: 1) Breakout uptrend line 2) forming 'M' Pattern in 5 minute chart - Use proper risk management. Thank you
Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935. RSI and stochastics levels was up from last week(41.45 % & 13% Respectively)....
The published minutes of the BoJ meeting show that most board members took a “hawkish” stance, calling for a rate hike. However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. Technical Analysis USD/JPY rally is set to continue, as momentum is on the side of buyers, as depicted by the Relative...
GBPUSD has reacted off the pivot that lines up with the 61.8% Fibonacci resistance and could fall to overlap support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2538 Support:1.2466 Resistance: 1.2606 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
ETH ~ 12H #ETH Starting to decline and seems to be starting to lose this support block. This is very bad, We marked nearby Support for BITSTAMP:ETHUSD which may be retested in the near term.
the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...
EURUSD is falling toward the pivot and could potentially bounce off a pullback support that aligns the 61.8% Fibonacci retracement and rise toward the multi-swing high resistance Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0747 Support: 1.0718 Resistance: 1.0793 Risk Warning: Trading...