Technical Analysis: As you can see, there exist a hidden Bullish Divergence with MACD which is the sign of bullish trend continuation as Copper has started its bullish wave since March 2020. It is moving in an ascending channel. We draw Fibonacci retracement from the low to the top of last impulsive wave which are defined as the Fib levels on chart. The commodity...
Hello friends, First, I love India and the Indian people. I made an analysis for the Indian rupee and I think it is on a very important level now. You see the huge rising channel, in which a small falling one is formed. I have indicated the important levels on monthly and weekly charts, which were just hit. We saw a strong rejection from these levels, which...
The USDINR pair has been trading within a Bullish Megaphone since February 21 2022. Just 2 days ago, the price hit the top (Higher Highs trend-line) of this pattern and got rejected. We may see a pull-back towards the 1D MA50 (blue trend-line) or even the bottom of the Megaphone. The best confirmation to take that sell trade would be to wait for the 1D MACD to...
USDINR. There is a possibility for a triangular formation on this pair based on the idea that all the waves have a 3 wave structure in the form of a-b-c. In such case, the price will be forming another bullish wave following a breakout. The analysis is based on the Elliott Wave Theory.
#Bitcoin #BTC 1 Week #Chart Demand and Supply Levels. Bullish Supply Range ( Go Long) - USD 17,698/- Bearish Supply Range ( Go Short) - USD /- to USD 26,949/- #bitcoin #btc #cryptocurrency #crypto Total BTC Longs - 104019.50/- Total BTC Short1,837.6/- Current Status - Movement Towards Bull Run.
USDINR is in its 5th wave as per my Elliott wave analysis. Wave#3 was extended, so the wave 1 should be = wave 5, with this assumptions I think the USDINR will go upto 81.80 are before deciding further direction.
After showing a sharp fall early last week, USDINR has again started its upward journey. It is slowly approaching a strong resistance zone. This zone lies between 79.69 - 79.82. A breakout of this will clear its path towards 80.00 and then towards the recent all time high of 80.20. However, a strong rejection of this level might mean a fall back to 79.00...
ETH has broken down and retested in the 15-minute time frame, therefore may undergo a correction in the very short term. Trade is supported by Resistance Nearby. Risk Reward Ratio - 2:1 SL is placed Above the Resistance zone & the upper trendline. The target is placed near support.
Short INR as there's a complete harmonic pattern completed on weekly chart and entry point is today high. Target 77.08
ETH has broken out and retested in the 15-minute time frame, therefore may undergo a reversal rally in the very short term. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The commodity has broken out long back and retested now, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 1.5:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The commodity has broken down and retested, therefore may undergo a correction. Trade is supported by Resistances Nearby. Risk Reward Ratio - 1.5:1 SL is placed above the resistance zone & the upper trendline. The target is placed near support.
In the 15 minutes time frame, This Trendline Acts As A Vital Support. Nifty 50 Will try to bounce back from this Trendline and any significant close below this Will cause the index to correct more in the near term.
Nifty50 has broken the major support trendline and has retested the same. So we can expect a further correction in the index. It can take support at the various levels listed in the chart. Note: Not responsible for P&L. DYOR Before investing/Trading.
Just Imagine I m Looking Bullish More Then +1Rs(78.77) From Here
USDINR is forming lower-lows and lower-highs. Same is the case with RSI. I see the upward side strong resistance zone remains between 78.05 - 78.10. Till the time 78.10 is not broken on the upside, I see we may see some bearish to sideways trend in USDINR during next few days.
This Currency Pair has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Gold Petal MCX ( Commodity ) has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.