The price of Brent Crude Oil has fallen and tested the previous support level (Blue Line) outlined in the previous newsletter. Currently, we could see a potential swing back upwards. If the price breaks the support level, we could see a fall in price. However, I see the former as the more likely scenario, as the 0.5 Fibonacci level (Green Line) is also below the...
Forex trading can be a challenging and complex activity. As a result, many traders struggle to find a strategy that works for them and often lose money. One important aspect of successful forex trading is multiple timeframe analysis. This post will discuss how to perform multiple timeframe analyses in the forex market and how it can help if you're struggling with...
Larson & toubro Cup and handle pattern SL is on 2170 Entry is at 2195 Target is at 2260 technical analysis and is for educational purposes. Like, Share, Comment for regular updates Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
Look at this bullish chart. Should be self-explanatory. If you've got any questions feel free to use the comment section down here ... Good trades, folks!
Look at this bullish chart. Let's see if this longer swing does work as intended. Good trades, folks! For questions use simply the comment section here ...
CADCHF was coiling for more than a month within a wide horizontal trading range on a daily. Its support was finally broken yesterday. I believe that the pair will keep falling now. Next support - 0.679 ❤️Please, support my work with like, thank you!❤️
On Friday the euro tried (but failed) to close below the ‘pandemic low’, instead closing the day with a bullish hammer candle. It also closed back above the 50-day EMA and has continued to hold above it during Asian trade. Given the fact the US is on a public holiday and data is light, we see the potential for range trading – which means bulls may be tempted to...
Technically, AUD/NZD looks ripe for another leg higher as it is holding above trend support and the 100-bar EMA. A break above the weekly pivot point could confirm such a breakout and resumption of its trend and bring the weekly R1 / recent highs, with 1.10 also making an interim target along the way. However, keep in mind that data from AU and NZ between 11:30...
Alkem a good company by fundamentals Buying zone 3100-3250 Sl 2980 Tgt 3400 3600 3800 3980 Ask your financial advisor before buying Only for educational purposes
Price action on copper has caught our eye, as its pullback from the YTD highs has paused above the November highs despite a surging US dollar. RSI (2) is overbought on the daily chart, and yesterday’s Doji held above the 20-day EMA. It's also holding above $4.00, whilst money managers and large speculators have continued to increase their net-long exposure to...
See chart - it's quite self-explanatory. Seems like a nice shoulder-head-shoulder-pattern. Technicals seems alright - let's see if this plays out as it should. As always - for questions use the comment section down here. Good trades, folks!
Hey traders, NZDCAD is trading in a bullish trend since October. Reaching 0.88 resistance, the pair initiated a correctional movement. The price dropped to a trend line and perfectly respected that one more time. Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance. It is a very important bullish clue, and it signifies a dominance of...
After a rejection at 0.65000 on Dec the 13th, the sellers have stepped in and for the first time since October, price has started printing new lows. Thursday saw the market break a significant trendline which price has been respecting since October. Also, for the first time since October the market has closed the week with a strong bearish candle. A strong dollar...
NZDCHF reached a solid key level at the beginning of December. The price formed a double top pattern on that and broke a support line of a rising channel then. I think that bears may push the pair lower. Next goal - 0.585 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️ [/b
From the last update a week ago price was wedged between support and resistance below 1800. On Tuesday we then saw price spike to the upside triggering buy orders as well as taking out any stop losses above the zone. Price consolidated above the 1800 zone until Thursday enticing even more buyers to go long. A strong reversal then came on Thursday which saw prices...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
this stock has failed in the channel pattern recently, so if it break this both channel & trendline than buying above 1000 level , it is high probability tade.
Ethereum Name Service (ENS) Potential Scenario for Swing No confirmation, no entry