Expectations for USDJPY: Bearish Stop Loss: 149.764 (indicated by red dash line) Take Profit: 148.364 (Bonus- 147.844) Support and resistance areas this week indicated by orange lines. Prepare > Prediction
Weekly Review Nifty 50 gained 0.5% in the last week, hence closing at 19,751. The index has been very reactive to the past few macro events like Middle East warzone situations, Positive cues on Retail Inflation at 5.03% and poor guidance from IT companies on the growth front. Although on the technical front, levels have been in accordance with our view for the...
I assume that the price will continue to move in a sideways movement. The resistance area is 1.06121, support area is 1.04000. I expect movement to the support area and consider only short positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TORRENT PHARMA LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1970+. ✅Can Go Long in this stock by placing a stop loss below 1885-.
Gold has been able to fill liquidity to 1879.800 and could correct to 1845 to fulfill Fibonacci retracement to 50% before a possible surge up to 1900 in the coming days. The PPI News on Wednesday, 11th October was a positive news for the greenback (Dollar index) and the CPI and UoM Consumer Sentiment News is coming on Thursday and Friday, 12th/13th...
A supply order is ripe at165.719 where FVG is filled giving the structure a good balance to short more than 150 pips to retest the Daily EMA-20 or the 4Hr EMA-200.
Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger...
* Gold prices have found some support after plunging to a 7-month low,” noted Ed Moya, analyst at online trading platform OANDA. “Treasury yields are still rising, so gold’s respect of the $1,830 level could become major support. The rally in yields could continue but we should see some exhaustion as Wall Street awaits the NFP report and ahead of a long...
- Gold price halts a losing streak due to correction in the US Dollar. Greenback extends losses after weaker-than-expected US employment data. Higher US Treasury yields beat the non-yielding assets like Gold. - Gold price snaps the losing streak that began on September 25, trading around $1,830 per troy ounce during the early Asian trading session on Thursday....
Hi Realistic Traders. Here's my price action analysis on Netflix In our close examination of NFLX, the streaming titan, a compelling narrative unfolds. Initially, a double-top pattern emerged between July 2020 and January 2022, followed by a significant breakout from the neckline. This breakout confirmed a bearish reversal, resulting in a remarkable 70% decline...
Hi Traders! Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target...
⚡️Gold spot trims losses, trading at $1866.44, after US Treasury bond yields retract from multi-year highs, causing the USD to weaken. ⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability. ⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls,...
⚡️Gold continued to fall at the opening of 2 trading sessions this morning from the price range of 1848 to 1843 and is sideways in this range. H4 chart shows that, due to the weakness of the sellers, the market still silently supports the dollar. Even if the US does not close down, the economic situation shows that the pressure from the greenback is not over...
INTERGLOBE AVIATION LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Broadening Wedge Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 2475+. ✅Can Go Long in this stock by placing a stop loss below 2380-.
⚡️ Gold price (XAU/USD) drops vertically to near $1,915.00 as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepens. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. Chicago Federal Reserve Bank President Austan Goolsbee said "It feels like...
⚡️The US ISM Manufacturing PMI is foreseen at 47.7 in September, improving further after June’s bottom. ⚡️ISM Prices Paid Index and Employment Index could give hints about the Federal Reserve’s next steps. ⚡️The risk for a EUR/USD corrective advance increased as the pair has fallen for 11 weeks in a row. ⚡️The Institute for Supply Management (ISM) will publish the...
⚡️The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over a full percent of upside gains with the Euro (EUR) seeing its best trading week against the Pound Sterling (GBP) since early February. ⚡️The Bank of England (BoE) pulled back from a broadly-anticipated rate hike this Thursday after inflation figures for the UK...
CANFIN HOMES LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakdown of Ascending Triangle Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 736-. ✅Can Go short in this stock by placing a stop loss above 770+.