DeepHaldar

DeepHaldar

With the first CPI data of the year of 2023 coming in tomorrow morning, these are the 2 possibilities

DeepHaldar Updated 

Currently WTI Crude Oil is trading at almost $81 a barrel, which hasn't been seen since Oct 2014. With oil shortage rising in Europe, mainly in the UK we can see oil prices to continue to rise. With the next targets being $88, after which we should see a minor pullback, before it goes to $98 a barrel (as this is a major key level since 2008 - 2014). I've marked...

DeepHaldar

If we look at the technical sides of things, we can see the daily chart has created a head and shoulders pattern. Although it has not broken the neck line just yet, it has constantly closed above 40K on daily. which is great sign. Now if we look at the weekly chart, we can draw a nice accurate bullish trend line from Nov 2020 to now. On top of that if we go back...

DeepHaldar

With the weekly candle on EJ closing bullish and the daily candle indicating bullishness as well, we can expect more upside from it if the daily closes above 131. So I will be on the look out for that, as this pair is making new higher lows and higher highs.

DeepHaldar

UJ has been on a bull run, with it reaching 112 and beyond which has not been since Dec of 2018. With Asian open for this week, it has already moved 50 pips to the upside. I expect it to pullback to the 122 zone before moving any higher. Thats about 70 pips to the downside before the bull continuation. Currently on the smaller time frames, the bulls look like they...

DeepHaldar

Gold has been on bearish trend since August of 2020, and looks like that momentum is holding on tight till now. We may see gold going for 1697 zone, as we can see thee multiple rejection of the 1780 zone. Although this week there is possibility we can see gold turning around to visit 1794, as the COT report shows high number of longs being added by big...

DeepHaldar Updated 

you know the drill 1:3.2 RRR. Just a London session trade, it may reverse during NY session!

DeepHaldar

Lets get that wick fill on gold from the previous lows of August. Lethal wick down to 1680s

DeepHaldar Updated 

nasdaq bullish as ever, tech stonks just love going higher and higher. Although if bears start stepping in we can see a scenario as portrayed. Weekly ended in a bullish hammer, so... feel free to share your thoughts below

DeepHaldar Updated 

Shares of Goldman Sachs (GS), JPMorgan Chase (JPM) and other financial firms are advancing along with bond yields. The rate on the 10 year Treasury note is up 1.48%. If you did not know, those higher rates are pulling down shares of tech companies that benefit from lower borrowing costs. All the FAAMG stocks had experienced a red day due to this. When trading...

DeepHaldar

Currently in this trade as well for London session, simple idea here. Bearish in daily and 4H TF and COT data shows significant reduction in long positions and rising wedge pattern, entered in a 15min TF.

DeepHaldar Updated 

I totally forgot to post this analysis pre London session, but keep an eye out on the 1H for entries again.

DeepHaldar

Dow Jones, aka US30 to all the forex traders...wants to go higher maybe after retracing to the golden zone or maybe to even just 50% before take off

DeepHaldar

100 and 200 EMA crossed on daily, in my opinion its been quite bullish since March, I do not see this changing anytime soon unless it rejects August's highs and if aud starts gaining strength for whatever reasons.

DeepHaldar

If daily closes significantly higher than 0.92550, expect dollar swiss to fly high to the given target. The dynamic support shows its ready to play tag ;) #LaggingIndicators

DeepHaldar

This pair is just as crucial to watch out for just as GJ and UJ, as they all will majorly depend on how Japanese yen move in the coming days. As we all know whats going on with the Evergrande situation, if they say anything about defaulting on their current debt, investors will look toward putting their money in jpy as it is considered a save haven during...

DeepHaldar

As shown on the daily chart, gold wants to go test 1680 once again. This analysis is also based on the COT report as it shows gold shorts increasing from the commercial perspective.

DeepHaldar

Looking at daily and 4 hour TF we can see the likelihood of gold testing previous lows before anymore bearish movement. With less uncertainty around COVID we can expect gold to eventually move lower after this move.