EURUSD recovered strongly after approaching the 1.08 resistance threshold, a triangle-shaped accumulation area is forming, you need to pay attention to this model, if it breaks above, it will be a signal of consolidation. Check for previous bullish signals. Currently we still have long positions, with a stop loss below 1.08, you continue to hold these positions,...
The EURUSD is growing in a local ascending channel and there is every reason to technically deduce that the EURUSD will continue the growth by grabbing the liquidity within the 1.08576 zone before continuing the ascension in the local channel. My support is 1.08429 and with a target resistance of 1.09320.
World gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the...
We've reached a potential reversal zone, where the ascending channel trend intersects, along with a limit level at 0.7545 and Fibonacci level at 0.618. This scenario is reinforced by the appearance of a bullish reversal formation known as an inverted hammer. The target will be the upper boundary of the channel.
Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or...
Central bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid...
Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new...
#ACH He needs to win the $0.022 zone again and rise again at $0.0252. However, in the scenario where the $0.022 level is not regained, we want to evaluate the $0.01687 and $0.01499 levels for medium-term spot buying. We will buy if the price drops to $0.01687 with a sharp decline. The region where we are considering a second spot purchase is at $0.01499. If it...
BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few...
Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap. In the...
IFB : this would be the third breakout attempt in last 5 -6 years Stock is in strong uptrend and the strength seemingly suggest a strong upmove likely in short to medium term perspective stock is up by almost 50% in two months suggest the strength and outperformance support at 1270-1240 area while with the intensity of this breakout in consideration , can test...
CADCHF is in Bullish bias according to the higher time frame. Now it is heading toward a short term POI. Expecting further bullish after taping on the POI
I'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 189.06 Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY. The completion of the Bullish Shark Pattern at...
I'm maintaining my bullish outlook on USDJPY and currently eyeing a potential buying opportunity. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 150.09 It's crucial to note the presence of the Type2 Bearish Fib-3 Bat on USDJPY's Weekly Chart. While it signals caution, my focus is on the bullish scenario with the completion of the...
In our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is...
from the perspective of price action, it's a perfect pattern of new momentum forming I placed 2 limits under the last price to increase my trend following positions on SPX
The stock is in uptrend and consolidation for 2 months, it has given a daily breakout out of the consolidation zone. The stock may be picked up for a quick swing trade at cmp for a target of 5% - 480. The stock may be picked for a good short term swing between 420-438 for a target of 573 and trailed to swing top. Shall update confirmation further on price...