XAUUSD 50/3 Strategy - Today's Analysis and Forecast**
Overview:
In today's analysis, we'll be examining the XAUUSD (Gold) pair using the 50/3 strategy. This strategy involves utilizing the 50-day moving average and a 3-day indicator to identify potential trading opportunities in the gold market.
Technical Analysis:
The 50-day moving average serves as a key...
Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24
Nifty closed at 22023(22493) and touched low & high of 21905 & 22524
RSI and stochastics levels are same in this week (47% & 21% Respectively). Stochastics is in oversold zone.
Market touched a new high last week Monday 22524. RBI issued warning on excessive rally on Mid & Small Cap to control...
📈 Let's delve into analyzing this forex currency pair for trading on lower timeframes.
⚡️ On the four-hour timeframe, after a fakeout below the 1.66909 line and a sharp decline along with a retest of the weekly support, we're now in a correction phase, engaging with the four-hour support.
🔍 Due to the ongoing bearish cycle, it's risky, but placing a trigger...
Let's delve into analyzing this popular forex currency pair together. 📈🔍
On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.🕰️⏳
Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt...
Nifty Short , Medium & Long Term View- 11-Mar-24 to 15-Mar-24
Nifty closed at 22493(22378) and touched low & high of 22224 & 22522
RSI and stochastics levels are same in this week (65% & 96% Respectively). Stochastics is in overbought zone.
Market touched a new high on last short trading session on Saturday to 22522, which crossed the Fib resistance and trend...
Technical Analysis Overview
Current Price : $3.7605
Weekly Trend : A decrease of 27.10%, indicating recent bearish sentiment.
1-Month Trend : An increase of 8.98%, showing some recovery.
6-Month and Yearly Trends : Impressive growth of 289.95% and 260.09%, respectively, highlighting a strong bullish trend in the medium to long term.
Advanced...
Let's dive into analyzing crude oil on the daily chart. 🌊💡
Following a decline and correction to the 0.5 Fibonacci level, we are currently riding the waves within an upward channel. This channel is our guiding light. 🌟✨
If we successfully breach the line at 79.290, we may witness an exhilarating surge in oil prices 📈, potentially soaring to the lofty heights of...
Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is:
We see that ALL previous buyside has been swept.
This should indicate BULLISH order flow.
Every bullrun hits it's breaking point but where will that be???
We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon...
Nifty Short , Medium & Long Term View- 04-Mar-24 to 08-Mar-24
Nifty closed at 22378 (22212) and touched low & high of 21860 & 22297
RSI and stochastics levels reduced this week (63% & 97% Respectively). Stochastics is in overbought zone.
Market touched a new high on last short trading session on Saturday to 22416, which crossed the Fib resistance and trend line...
No Trading Reversal Zone:
Range: 46,662 to 46,800
Analysis: The market has established a no trading reversal zone in the range of 46,662 to 46,800, suggesting a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals before making significant trading decisions.
Previous Day High and Open Interest (OI)...
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24
Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068
RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone.
Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly...
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24
Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053
RSI and stochastics levels reduced this week( 54.5% & 65% Respectively).
Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30%...
Hi Traders!
A head-and-shoulders pattern is forming on the AUDUSD 1D chart.
Here are the details:
The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline.
The plan here is to monitor both the...
For Ethereum (ETH), there are currently several scenarios in play. The first involves breaking out of the current range, followed by a retest, and a potential move towards the 2352 level. The second scenario envisions a correction to a key trading area, followed by a push towards the 2352 level. Let's take a closer look at these possibilities.
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24
Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126
RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone.
Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction...
As it can be seen in the chart we have a high positive correlation between gold prices and Barrick Gold Corporation as they move together.
Previously as stock prices formed a new high gold price failed to do so and this represents a bearish divergence between prices and caused stock price to move lower sharply while gold price remained roughly around the prices...
Hi Traders!
A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
Hi Traders!
There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high.
Here are the details:
The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA.
Preferred...
