Dear friends, Today, EURUSD continues to trade in a downward trend. At the time of writing, this currency pair is trading at 1.0771 and is gradually forming price reactions around the EMA 34 technical indicator. Currently, the US dollar is struggling to find demand after Tuesday's decline and is helping this currency pair maintain its position ahead of the US...
On H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term. All...
HDFC LIFE INSURANCE COMPANY LTD Key highlights: 💡⚡ 📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 717+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 860+. 📈 Can Go Long in...
... for a 421.04 debit. Comments: Buying a Johnny one lot and selling a -75 call against to emulate a 25 delta short put, but with richer premium due to call side skew. As I start to go out in duration, monied short calls get less liquid, so I may return to just selling puts due to that. Just trying to get up and running after having flattened out at the end...
Dear friends, today gold continues to trend downwards as it approaches the resistance level of $2030. The "hawkish" stance of Fed Chairman Jerome Powell, given after last week's positive report on US employment and Q4 2023 GDP growth, indicates that the Fed is not rushing to lower interest rates in order to control inflation. With interest rates remaining high for...
Hello fellow traders, let's summarize last week's gold price and discuss strategies for the new week! Gold price today temporarily closed at nearly 2039 USD. It can be seen that gold experienced quite a lot of fluctuations last week and surprised us when the market received a lot of important news, including the strong US non-farm payrolls report. Accordingly,...
Hello dear friends! Today, XAUUSD is trading at $2023 and undergoing a short-term downward trend, with an expected decrease that may require special observation at the $2000 level. However, the overall market trend remains bullish after breaking out of the downtrend channel as indicated in the technical picture. Looking ahead, gold still has many opportunities to...
Dear friends, it can be observed that in recent days, gold has consistently shown certain upward movements above the support level of $2,015 or higher, reaching the lowest level in a week on the previous day. However, this is insignificant as the technical movements on the chart indicate a tilt towards the sellers. Specifically, the price of gold continuously...
Hello dear friends! In today's trading session, the upward trend continues, with USDJPY currently trading at 148.52, up 0.14% for the day and remaining stable at a high level. The Japanese Yen has recovered slightly from its low earlier this year, amid the Bank of Japan's hawkish stance and political risks. The US dollar has halted its rally after the Non-Farm...
BUY ABOVE - 21860 SL - 21810 TARGETS - 21920,21970,22040 SELL BELOW - 21730 SL - 21810 TARGETS - 21670,21580,21530 NO TRADE ZONE - 21730 to 21860 Previous Day High - 21970 Previous Day Low - 21730 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 46010 SL - 45800 TARGETS - 46200,46500,46670 SELL BELOW - 45660 SL - 45880 TARGETS - 45500,45300,45110 NO TRADE ZONE - 45660 to 46010 Previous Day High - 46010 Previous Day Low - 45660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
... for a 355.08 debit. Comments: Buying a one lot and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put, but with a little richer premium due to call IV skew. I already have February and March setups on, so setting up my tent out in April here.
Hello dear friends! Overall, EURUSD experienced significant volatility yesterday after failing to sustain its previous recovery momentum. Currently, in today's trading session, despite a slight price adjustment at 1.08216 as of the time of writing, highlighting a 0.03% increase for the day. However, this is still not enough evidence for a strong upward trend,...
Hello dear friends! The precious metal is trading below resistance at $2045, continuing its downtrend on the day although the outlook remains bullish, marking a $7 decline on the day. With the possibility of a head and shoulders pattern forming, I expect gold to fall to the indicated level.
Dear friends, the overall trend for gold today is downward, as indicated by the reversal of the EMA 34 signal. At the time of writing, the price is trading at $2023, a decrease of 0.82% for the day. Based on recent statements and the number of jobs, it seems unlikely that a rate cut will occur in March. The better-than-expected job market in the US has caused...
BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46670,46890 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46890 Previous Day Low - 45910 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 21920 SL - 21860 TARGETS - 21970,22040,22120 SELL BELOW - 21810 SL - 21860 TARGETS - 21740,21670,21580 NO TRADE ZONE - 21810 to 21920 Previous Day High - 22120 Previous Day Low - 21810 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
If you haven`t sold MA on its exposure to Russia news: Then analyzing the options chain and the chart patterns of MA Mastercard prior to the earnings report this week, I would consider purchasing the 450usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $7.90. If these options prove to be profitable prior to the earnings...