The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels. A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure. We can expect a retracement towards the broken support at 1.07257.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top in February and March. It was slightly below the peak of December 2023. The lower monthly high may suggest bears remain in control over the longer term. A sharp drop in early...
By seeing IEX chart pattern it is forming a doji buy signal on weekly also tries to breakout, looks like it has more chance to test 240 and 350 in 4years, on downside if it break 130 it has chance to test 95, lets see if this works Target1: 243 Target2: 350 Support: 130 Down side Target if 130 break: 95
Looks like ITC has done well so if one has to enter in this stock 400 or 355 will be a good place, so I think it has to correct more lets see what happens Target 1: 400 Target 2: 355
Looks like Canara Bank is moving towards 605, lets see if that happens Immediate Resistance: 408 Target1: 605 Target2: 787
Looks like Bajaj finance is taking support on a trend line chances to test 2450 and 2860 seems more, lets see if that happens Target 1: 2450 Target 2: 2860
Looks like Graphite India is moving towards 1165 in 4years, lets see if this happens Support: 520 Resistance 1: 760 Resistance 2: 1165
Looks like Titan is in overbought zone, the four year rally might see some correction before next move it seems, also MACD is facing resistance, lets see what happens next Target: 2800 Stop: 3900
Looks like tatasteel taking support on the trend line, more chances to test 180 on the higher side, lets see if this works
Look like CG Power has taken support near 415 it has more potential to move
Looks like Idea will test 49 in the longer term max 7 years, i.e almost 5x returns from the current market price Target: 49 Immediate Resistance: 16.85 Lets see what happens
Usoil broke out of the ctl inner ctl i am short back to that demand zone as the third touch of the trendline has held and also Fibonacci and minor level with head and shoulder pattern
Today, I shorted gold near 2330 many times and went long gold in the 2318-2315 area many times. I achieved 7 consecutive short-term trading wins during the day and made a total profit of more than $19K. It should be regarded as a relatively good short-term trading result! During the rebound, gold continued to rise with a strong positive line, reaching the...
With the start of the week we are down at least a 1000pips, does that mean we are oversold? well not exactly but the uncertainty in the market is usually good for catching some good trades. We are currently at the low of the bullish trend that's been going on. I'm really hoping for a retracement back to 2360 to at least correct for the 1000pip move we had.
As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.
Support And Resistance Zone For XAUUSD Is Show In Chart