Hi guys Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend. The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...
Good Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and...
Good Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long...
🔍LDO is nearing important support and resistance levels. Here's an analysis to help you navigate potential trading opportunities. 📆Coin of the Day: LDO (Lido DAO) About the Project Lido DAO is a decentralized autonomous organization that provides liquid staking services for various proof-of-stake blockchains. 🧩Technical Analysis 4-Hour Timeframe This analysis is...
On this auspicious occasion, may lord Vigna Vinayaka remove all obstacles from your life and fill it with joy and success. Happy Ganesh Chaturthi! NSE:METROPOLIS could be the next good investment for this year. After a big downtrend, the price is able to create an Inverse Head and Shoulder. Thereafter, the neckline broke, a retest happened, and now it should...
Gold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing...
Gold continued to fall and traded below $2,330 on Tuesday, erasing most of Monday's gains in the process. Renewed US dollar strength drags XAU/USD lower as markets take a cautious stance ahead of US data. The $2,360 area (Friday's high) acted as a barrier for gold and caused gold to fall sharply as the strength of the PMI news was not enough to break this...
Good Evening and I hope you are well. comment: Market is much less euphoric than the others. Obviously trending up but still below 18700, which was big resistance last time. Bulls already had 3 pushes up inside the wedge and deep pull-backs in between, which shows selling pressure and no giving up by the bears. What are the odds, that dax follows the sp500 and...
With short term profit target. Adani Ent is forming a pattern and it should break it with upside movement in coming days. once it break the resistance level, it might go further up with the support of new government. This is just for knowledge purpose only, invest at your own risk. Key factors: 1. Favourable Govt. 2. High volume at resistance shows better opportunity.
Today, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential...
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry. Reasons are listed below : The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals. Reasons are listed below : Technical strengths : The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects. The formation of a hammer...
NSE:ANURAS The Price is in an Uptrend making HHs and HLs on a Candlestick Chart. The expectation is that it will continue the existing Uptrend and hence will create a new HL and HH in the candlestick chart, this should take the price up to 1254.45 for now. therefore, a Cup like shape might form in this chart. We also do have a Trap Zone which might stop the...
Hello traders. As I posted my analysis, I forecasted a market reversal from my zone, which occurred. As you can see, I have marked an order block which I marked from 30Min timeframe and a liquidity area. So we can go short. The reason behind this is that the market creates liquidity, trapping retail traders, and the low level is weak. And, above all, risk and...
🔍The market is currently showing some promising signs, but we need to wait for confirmation before taking any action. 📆Coin of the Day: SAND (The Sandbox) About the Project The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences using SAND, the main utility token of the platform. 🧩Technical Analysis 4-Hour...
GBPCAD is trading in a strong bullish trend on a daily. For the last 2 weeks, the pair was consolidating within a horizontal range on a daily. With the yesterday's bullish movement, the price successfully violated the resistance of the range. It confirms the strength of the buyers and indicates a highly probable bullish continuation. Next resistance -...