Daily charts showing price hovering at resistance zone as indicated in the chart.
Price is currently forming a nice uptrend formation with higher highs and higher lows on the daily chart.
H4 chart, that is also shared below, shows price has broken inside the zone earlier from below and trying to find support (earlier resistance hoping to become support)
Price very volatile... high Beta stock
Look at the RSI.. it has been moving between the Red zones on both the ends finding support and resistance accordingly, indicating still weakness persists and that's not the end
Chart self explainatory
TVC:USOILhas recently got on an uptrend but price has reached an important level of FIB levels...Price will see a lot of congestion at this point, like what we are seeing already.
I have shown various timelines and important support and resistance levels going ahead.
Look for signs if price makes higher highs and higher lows, for confirmation of uptrend. and...
As discussed in my previous charts, NSE:VEDL was looking to make a move from Downtrend to an uptrend by breaking the previous high and making higher low. We were looking for a continuation of this and wanted to see more confirmation by another higher high and higher low being created.
However what we are seeing is a congestion zone (more of a rectangle channel)...
Long OANDA:CN50USD, Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher!
Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center)
IF the RSI...
H4 on FX:USDJPY is showing on a support level and we may see a bounce from these levels, one can buy on bounce.
Also, look for RSI moving / starting to move upwards from the Green zone that It currently is placed. IF RSI breached the green Zone, expect price to have a downward bias , where you should then go short!
Keep looking more on this space
If you like...
FX:EURUSD weekly charts shows continuation of range bound downward sloping market, no real clear signals emerging showcasing change of trend. As we can see, price is making lower highs and even lower lows.
A few larger candles have started to emerge. Watch out for breakout on either direction and possible clues on further move.
XETR:DAX has a good run up recently and has formed an uptrend on the daily charts.
While the chart is self explanatory, I would like to share some thoughts
If you are long the DAX, stay invested. When it comes to fresh entry, I may want to look at a retracement and see higher low formation, and then buy!
Trust this helps
If you like what you see, then please...
Gold after a string move on Daily charts has pushed into a downward channel.
OANDA:XAUUSDshould find support around 1435 to 1448 levels.
Since the daily charts are in the downtrend, any trades intraday on 4 hour charts on the short side will be trend following.
CAUTION : Wait for the price to reach the upper points of the resistance line and wait for rejection...
FX:USDJPY looks very choppy
Since daily charts have positive bias, I believe that long trades on 4 hours charts/ intraday will be trend following
However, as we can see, there is a bearish divergence that has been witnessed, price moving upwards and RSI moving down.
Divergence may remain for longer periods even post when they are witnessed. At this stage, I...
FX:USDJPY making higher highs....and higher lows....continues in the uptrend on Daily charts... Look at thee candles as indicated at the end of Aug 2019, we got a signal of a positive reversal and that happened to be the bottom as well (may not necessarily be the case always)
The price action has been continuously making the uptrend and watch out for retracements...
China A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts.
As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues.
Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more
Adding my earlier studies for different perspectives on...
TVC:DJI has got on the uptrend on the weekly charts, mimicking the uptrend seen on Weekly charts on the S&P 500
The charts shows a series of higher highs and higher lows, confirming the current uptrend and the recently weekly candle has closed over the previous high indicating continuation of the uptrend. Watch for any retracements to see if the lows are higher...
AMEX:SPY got into a uptrend on the weekly charts as indicated by higher highs and higher lows (marked with yellow zones).We have made a higher high again indicating continuation of uptrend
At 289 levels we got the entry signal on the RSI and indicator has been holding on very well
Since then, we have a nearly 7 pc move and looks good ahead, unless trend...
NSE:VEDL currently at about 160.95 looks to be forming an uptrend making higher highs and higher lows as indicated in the chart over the price action
Note this is a trade set up to go long. I would like to wait for price make a higher high first in this move (close on daily charts above 166 levels) and then hopefully retrace and make higher lows (should close...
OANDA:CN50USD on weekly charts look good for up move
Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows.
Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone
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NSE:NIFTY looks exciting on charts on weekly as well. If you see my H4 chart analysis, we saw we were in an uptrend and crucial levels for resistance.
On the weekly charts too, we seem to have entered a nice uptrend. Important zones and levels have been marked for your reference.
Play long Nifty for daily time frames should be along the trend trades
NSE:NIFTY has had a good rally upwards and has fomed two distinct resistance and support zones, Support zone indicated in the yellow zone and price very close to the resistance zone
It will be nice to see price creating a higher high breaching the above resistance zone and then retracing back making a higher low and give the trend the continuation confirmation...