Fundamental Analysis: Yesterday, the global gold moved in the range of 1971-1991 as several economic data from the United States were released, along with corresponding policies that align with the current economic situation in the US. According to the FOMC, the monetary policy remains unchanged at 5.5% during yesterday's meeting. Fed Chairman Jerome Powell stated...
The USD/JPY has further adjusted from its year-to-date high, sliding down to the vicinity of 150.00 amid the bearish trend in the USD. The currency pair extended its retreat overnight from the 151.70 region, which was the highest level seen since 2022, and continued to decline for the second consecutive day on Thursday. The spot price is currently trading just...
The GBP/USD benefited from improved risk sentiment and rose to 1.2200 during Tuesday's trading hours. The renewed strength of the US Dollar (USD) in the latter half of the day forced the currency pair to regain its daily gains. Yesterday, the currency pair traded within a tight range around 1.21700 as investors prepared for Nonfarm Payrolls. The majority of the...
Daily/4h/1h time frames analysis. Price action. Important key levels. Potentials scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
INDRAPRASTHA GAS LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Descending ChannelPattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 392+. ✅Can Go Long in this stock by placing a stop loss below 380-.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 42550 level then possible upside rally of 400-500 points upto 42950 Level. And this rally can extend for another 400 points if it gives breakout of 43050 level. Any Major downside only expected in case banknifty starts trading below 42450 level. also possible Reversal Downside...
Prepare to be amazed by Near Protocol's recent price action, which has unveiled a masterpiece in the world of chart patterns – a massive falling wedge. As this wedge pattern developed right above a significant support zone, the subsequent breakout couldn't be more bullish, setting the stage for exciting potential price movements. 📐🚀 Unwrapping the Falling...
GBPJPY formed a tiny double bottom pattern on an intraday horizontal support. I believe that it can give us a nice local scalping opportunity. The pair will most likely bounce to 184.25 ❤️Please, support my work with like, thank you!❤️
Take a look at AUDUSD. The pair is trading in a bearish trend. The price sets new lower highs, respecting a falling trend line on a daily. After its last test, the price formed a double top formation on that on an hourly time frame. Its neckline breakout leaves a strong bearish intraday clue. I expect a bearish movement to 0.6345 / 0.6335 ❤️Please, support...
I come from the moon 🌛The current price of gold is trading around $1,975, and there is a sense of anticipation in the air as we approach the Federal Reserve's policy meeting on Wednesday. 🌛People are becoming cautious and this has caused gold to stabilize. Some experts believe that Fed Chairman Jerome Powell may stick to the same narrative that the Fed's...
Hi Traders! GBPJPY is in an ascending triangle and is heading for the 183 handle. Price Action 📊 The market is currently in an ascending triangle with higher highs and higher lows. After the low price rejection, the market has shown bullish price action signs. The market is also currently trading with momentum; the 20 EMA has just been broken with momentum,...
NSE:ADANIPORTS Bad News vs. a Trap Level. This stock is continuously making HH and HL in the chart and currently hovering inside a Trap Zone. The expectation is it will go up to 892.85/-, which will make this Trade a Reward to Risk of 2.5:1 and approx 10.56% Return on Investment from the Current Market price (807.55). Disclaimer: Stock trading is...
☁️Last weekend, gold received strong support and surpassed the psychological resistance level of $2000. It closed the trading session at $2006, driven by increased political risks despite positive economic data released by the United States for the dollar. ☁️The 2000 and 1993 zones have become two strong support zones in the context of gold showing no signs of...
DIXON TECHNOLOGIES LTD Key highlights: 💡⚡ ✅On 1Day Time Frame Stock Showing Breakdown of Rising Wedge Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 4382-. ✅Can Go short in this stock by placing a stop loss above 5436+.
EURNZD formed a tiny double top pattern, approaching a solid horizontal resistance. I expect a pullback from the underlined zone ahead of ECB press conference and rate decision. Goals: 1.815 / 1.808 ❤️Please, support my work with like, thank you!❤️
On Thursday, Fed Chair Jerome Powell joined his teammates in endorsing a stable interest rate policy, providing further support for the XAUUSD. Amidst increasing geopolitical risks, with the conflict between Israel and Hamas spreading to more countries in the region, Gold extended its weekly rally and reached the $1,990 area for the first time in five months on...
Technical Analysis and Outlook: In this week's price action, the index bounced back to our expected target Mean Resistance of 4255 but quickly fell to retest our previously completed Inner Index Dip at 4212. It then hit the strategic point of the next Inner Index Dip at 4150 and is currently resting at a Mean Support of 4113. On the downside, the index will...
Technical Analysis and Outlook: As projected, the Eurodollar completed our Inner Currency Rally of 1.070 and retracted to the designated price target Mean Sup 1.053. The intermediate price action suggests the continuation of the Reignited Pivotal Down Move to retest Key Sup 1.047 and completed Outer Currency Dip 1.045 with an extension on the horizon of Next...