As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since...
The trend in the daily chart of Coal India is bullish. The candle today has closed above the resistance. We may see 500 levels soon. Educational purpose only
The BINANCE:BTCUSDT.P has formed a channel. Go in the direction of break. OR Hedge at opposite extremes and cover at break then ride the break. ; ) <3
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Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next...
NYSE:O Realty Income is widely recognized for its monthly dividend payouts. Upon opening the chart and zooming out, it's evident that the stock has been moving within a significant range since around 2014/2015. Currently, we find ourselves in the lower half of this established range. Currently, NYSE:O is in a downtrend channel, so it's advisable to wait for...
No guarantee it ont go back below the neckline once or even twice or thrice before the real breakout as such things are common, however it definitely looks like this current breach above the enckline could be the one that ends up validating. The breakout target once it validates is $171. *not financial advice*
Which one to fill first with earnings in 2 weeks? The bottom one from a weekly chart? Or the top one from the daily chart about 2 months ago?
XAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly...
🛢 CL OIL, H4 🛢 27 March 2024 Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output...
💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed...
🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development,...
GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the...
🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal...
On ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak. Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%. There is still room for another decline on the RSI, while on the...
🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the...
AUD/USD, H4 20 March 2024 The AUD/USD pair remains under pressure, approaching its lowest level in March. Following the Reserve Bank of Australia's (RBA) interest rate decision, which met market expectations by maintaining rates at 4.35%, the Australian dollar experienced further weakness. This was exacerbated by comments from the RBA governor indicating that the...
USD/JPY, H4 20 March 2024 The Japanese yen faced significant downward pressure, tumbling to a four-month low, even as the Bank of Japan announced the end of its negative interest rate policy and quantitative easing measures. Market participants, having already factored in the policy change, engaged in profit-taking, leading to a sharp decline of over 1% in the...