NIFTY closed above va 1. gapup 22660 wait for retracement for fresh longs 2. 22650-22550 trade reversal 3. gapdown 22550 short till22500
The Dollar Index has fallen below a strong daily support level and an important upward trend line. This has created a widening supply zone. I predict that we will see a downward trend starting from the highlighted area in blue, with a target of 103.17.
Waiting for this inefficiency to fill in the 15-minute chart feels like watching paint dry in a room full of traders—it's slow, tedious, and you start questioning your life choices. But hey, if this level holds, maybe we'll finally catch that elusive unicorn of a trade and ride it all the way to profit town! Who needs excitement when you've got the thrill of...
Injective is one of the AI-related altcoins which grew by +800% after the channel breakout. Now the price consolidating in a channel and you can buy it close to the bottom and sell at the top of the channel. The main question is at what side the channel will be broken! Additional question, if the price have enough power to grow by 700% as the continuation of the...
Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a...
Hello traders. This is my current view on GU. I still feel there is strong buying power and I will be looking to buy at that level. I am aware that GU failed to break above the previous high and then started its rejection to the downside. With this position I will not be waiting for any rejection candlesticks before entering. My target will be at the current daily...
Selling opportunity on the US30. This is technical analysis where liquidity is the driver behind the analysis. We just took out yesterday's liquidity levels which gives us momentum to go to the down side
Quasimodo says that the continuation of the upward trend is over and the price has come to rest By observing the loss limit (-1)
End of day update from us here at KOG: Another extreme day of bullishness on Gold with price supporting that 2265 level giving a push up side. Earlier in the day, we were waiting for a slight turn which gave us the short trade into support for a decent capture. The long was identified and level plotted but given to traders as more of an educational post,...
# Bank Nifty Technical Analysis - 5th April 2024 ## Market Overview Bank Nifty continued to adhere closely to the support and resistance levels identified in the previous session, demonstrating the significance of these levels in guiding market movements. ### Support Levels **1. Support Levels:** - **48,000:** Identified as a crucial support level for Bank...
The USDJPY is currently consolidating in a tight range on the 4-hour chart. Depending on how the price reacts, there are two possible scenarios. In a bearish scenario, traders should wait for a bearish breakout on the 4-hour timeframe and a close below the support level at which point a continuation to 150.24 is expected. On the other hand, in a bullish...
Nifty 50 Technical Analysis - 5th April 2024 ## Market Overview Nifty 50 exhibited interesting behavior today, with the support and resistance levels playing a crucial role in market movements. ### Support Levels **1. Support Levels:** - **22,300:** Identified as a key support level for Nifty 50. - **22,400:** Previously acted as resistance but now...
My analysis shows that the EURAUD currency pair is currently at 1.66925 with a high probability of a sell (sell) trade. Strong resistance at 1.66925: The 1.66925 level forms a strong resistance zone with the convergence of several resistance levels. Forecast: EURAUD is expected to move down from the 1.66925 level. The first downside target is at...
OANDA:GBPAUD Pound to Australian Dollar: On the verge of falling off the top? My analysis shows that the GBP/AUD pair is currently in a risk zone after its recent rally, with a possible downside from the 1.95000 area. * Euro to Australian Dollar Correlation: There is a strong correlation between the Euro and the Australian Dollar. My scenario: * The...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current...
📊 According to the selling pressure in the market, if the range of 3250 units is broken and the price stabilizes below it, the price may fall to the range of 3140 units🎯, and in the case of the strength of the range of 2900 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 3600 units.
BTCUSDT possible pullback . Currently the price formed multiple daily inside candles and traded sideways . Short or a deep pullback is possible only If price break down the the low (683590) and close below the trendline and POC .RSI must be below its red MA and 50 level. if the price breaks the high (71769 ) the trend has more probability to continue up and...
📊 Due to the reduction of the upward movement momentum of the price, in case of the failure of the downward movement trend of the price and stabilization of the price below the range of 2280 units, the price may fall to the range of 2260 units 🎯 and in case of the strength of the range of 2230 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range...