Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity. Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...
Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed. XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...
The EUR/USD currency pair is going through a period of volatility as tensions between Israel and Iran do not escalate. This has reduced geopolitical risks and decreased demand for the US Dollar as a safe-haven asset, leading to a slight increase in the pair. However, despite a slight increase in EUR/USD, the overall trend remains bearish. EUR/USD is maintaining a...
During the Asian session on Monday spot gold had a GAP and opened lower, falling to a low of $2,360/ounce. Gold is mainly under pressure because tensions around Israel and Iran seem to have cooled down, which reduces risk aversion, thus putting pressure on gold prices. There are no new points in the developments. geopolitical conflict, all attacks are just in the...
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
Not unexpectedly, EURUSD began to adjust yesterday after a strong decline. The price officially confirmed the new bottom and lifted the pair towards 1.0678 in the first trading hours of Thursday! Accordingly, the EURUSD rally is underpinned by renewed selling pressure in the US Dollar and a risk-friendly environment. Markets remain optimistic about avoiding a...
Market rumors tell us that GBP/USD remains guarded, hovering near 1.2350, its lowest fortress since mid-November, when Tuesday's Asian session began. The USD index consolidates its stance above 106.10 while traders bide their time, awaiting S&P Global Purchasing Managers' Index data to be revealed from the US and UK for April, currently leaving GBPUSD in a state...
➡️EURUSD has been accumulating for a long time and is forming a DOW pattern with strong bullish momentum about to form. The 3 DOW accumulation model makes the upward force even stronger if it breaks the trendline and reverses the uptrend. ➡️Before the German Flash Manufacturing PMI data announced that EURUSD had broken through the trendline and traded around...
Price has been moving down on the 30m and 4h chart creating lower highs and lower lows but this morning price broke the most recent resistance indicating a possible change in structure. This was confirmed with a higher support on the 30m chart which means trading this time frame alone I would be looking for buying opportunities. It is nice confluence to see this...
We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis...
In this video, I'll deliver a thorough analysis of the DXY and GBPUSD, providing insights into what to expect throughout this week's trading. We'll delve into the seasonal changes dictated by the quarters of the year, particularly significant as we transition into a new quarter. It's crucial to adjust your trading approach and expectations accordingly. Currently,...
As price has push into the resistance zone Impulsively due to today's economic news. And it sold off impulsively also. I'm looking forward for a valid formation of a continuation pattern to cement my sell bias on this pair. If you found this helpful, please support your fellow trader with a like.
Expecting ROI - 30% As mentioned in multi time frame analysis charts, 1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months, now ready to move out of the consolidation zone. 2) Compressing at major supply region with minimal sellers strength 3) Expecting BO soon, SL at prev week low.
Consider a compelling swing trade opportunity in Safari Industries , a renowned luggage and travel accessories manufacturer in India. Reasons are listed below : Flag and Pole Pattern : Safari Industries displays a flag and pole pattern, indicating a potential continuation of the prior uptrend. Bullish Marubozu Candle in Weekly Timeframe : The presence of a...
Consider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries. Reasons are listed below : Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying...