AUDUSD + 1.83% The Aussie strengthens against the USD amid the upcoming Reserve Bank Of Australia Interest Rate Decision. The USD lost ground to most major Forex pairs during the session after high-impact economic indicators suggested that the US economy might be slowing down. US manufacturing data showed weak figures, the US Bond Yields dropped, and the Stock...
The New Zealand Dollar lost the gains it made in the two previous trading sessions against the US dollar. The kiwi gained 1.76% when the US 10-year Treasury Note spiked earlier in the week. After the US released high-impact economic indicators, the NZD lost strength, and the USD is having a solid week against most major currency pairs. The US released the...
Confluences: - SSL was taken - Filled in 15M FVG - BSL Taken / MSS - Retest above FVG after respecting Breaker OB - LOADS of BSL from the heavy selling today - If we are still bearish which is likely -- Looking to take profit at that previous low from 9:30am. That would be a key resistance area. Just for educational purposes, still learning LOTS about this...
The US dollar is losing ground to some currency pairs after the US 10-year treasury Note spiked in the previous trading session. The Chinese Yuan gained 2.44% after reaching a 14-year high yesterday. The US released Initial Jobless claims this morning, and the result came out at 193K, a better than the expected figure by 22K; analysts anticipated a 215K. The...
The SwissFranc is gaining ground over the US dollar, but we could see the SwissFranc lose ground after the fundamental news release from the US. They are releasing Initial Jobless claims in tomorrow's trading session; the previous week's figure reached 213K, and analysts expect this week's number to increase to 215K. The US has a very solid labor market that has...
The Aussie continues losing ground to the USD; the pair is on a three-day losing streak, and it reached a level we had not seen since May 2020. AUDUSD is down 6.75% in the last eleven trading sessions; we could see the pair sink lower with the release of a high-impact economic indicator from AU later in the day. Australia will announce the Retail Sales MoM for...
Global sell-off post US Federal Reserves rate hike another 75 bps has intensified. Not only stock markets but Crude and Gold are also sliding. Hyper Inflation caused initially by COVID19 and aggravated by Russia-Ukraine war is causing dent on Macros of global economy. India due to inherent captive market and investment friendly Government will be / is affected...
Global sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances....
Nifty this week has given bullish signals. Indications for the next week or so are positive. For NIFTY to crossover to the bullish zone it needs to cross the most important resistance zone of 17925 to 17996. If this zone is crossed we can see the levels of 18127, 18359 or higher. Most Important Resistance zone: 17925 to 17996. Other Resistances: 18127,...
Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports...
Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under: Resistance Zone: 17719 to 17779. Major Resistance Zone: 17779 to 18118. Support zone: 17349 to 17606. Other Support: 17178. Level beyond which Bears will regain control over the market: 16616 (Major Support). Long Term...
Nifty is just below Fibonacci resistance of 16807. Today's high of 16752 to 16807 will be a very difficult zone to cross unless there is gap up opening or strong momentum that takes the NIFTY through the resistance zone. Closing above 16807 will take Nifty to the next FIB level of 17215. In the medium term if the momentum continues and Nifty is able to cross...
NIFTY gave a strong closing on Friday as it ended above a long term support of 15917 and 16030. Yet the Important hurdle of 50 days EMA is still ahead of it which is at 16132. Crossing and closing above 16132 will be important for Nifty to go towards 16277. above 16277 levels Nifty in a short to medium term can go towards 16525 which is it’s 200 days EMA and a...
50 days EMA at 16154 is an important support for Nifty above which it has to stay in order to gain further grounds and try once again to move above important 200 days EMA 16546 resistance. However, before Nifty tries to cross 200 days EMA it has to cross very strong resistances at 16271 and 16327. If Nifty is able to cross these three hurdles it can go to the...
Market is trying to affirm the positivity for the time being and trying to make positive moves but facing resistance in the range of 15800 to 15950 range. It is once again making an attempt to bring about positivity but it can last only if the critical resistances around the specified range is crossed. Otherwise once again it will go downwards searching for...
Rollercoaster ride of Global Stock market will continue till we have some stability on the front of inflation, war and stability in crude oil prices. It is a kind of churning which will see some new heroes emerge, some solid performers consolidate and some underperformers with weak fundamentals bite the dust. The advice will be to stick to fundamentally strong...
"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to...
Geo-Political events which are effecting the sentiment of the market and we are selling relentless selling in the index specially by the FIIs, who have increased the pace of selling. On Friday alone FII sold close to USD 1b in our market which is quiet a substantial number. DII is however buying every dip and for the reason Market is still above 16K levels....