TATAMOTORS has recently surpassed a significant monthly resistance, reaching a new all-time high. The formation of a strong bullish trend suggests that the rally might continue, potentially pushing the stock above the 700 level. This assumes that buyer sentiment remains robust.
The GBP/USD pair has formed an expanding channel, indicating a steady bullish rally following a breakout. Currently, the price has retraced to a significant hourly resistance level. There is anticipation for a potential bullish breakout to occur, which could sustain the upward momentum in the market.
Recently, the USDJPY pair experienced a bearish breakout below its lower boundary. This suggests a potential downward movement towards a significant support level formed at the bottom.
The DXY has recently experienced a bearish breakout on a bearish flag pattern, indicating a potential bearish trend ahead as it revisits the support level. In the upcoming week, there is a higher likelihood of further downside movement, primarily influenced by the release of disappointing jobs data.
On the hourly timeframe, Nasdaq has established an expanding channel with a notable resistance level at $15250, which has recently acted as a sell zone. Currently, we are anticipating the price to validate a breakout below the lower boundary of the channel. Once confirmed, we will consider entering a short position.
SUZL has experienced a significant rally and has now reached a significant resistance level on both the weekly and monthly timeframes. Based on historical price action at this level, we anticipate a selling pressure to emerge. If the price respects this resistance level, we expect a subsequent decline towards the key support level established at the bottom.
Bitcoin has been in a consolidation phase for over two weeks and has formed a bullish flag pattern just below the daily resistance level. However, the price of BTC is struggling to break above this resistance, as indicated by significant selling pressure and long upper wicks in the highlighted zone. We have a strong belief that if Bitcoin fails to break out above...
AAPL has recently experienced a breakout, surpassing a significant resistance level and reaching a new all-time high. It is anticipated that the price will retrace back to the previously broken resistance level in order to find support and attract additional buying pressure. This retracement will likely serve as an opportunity to accumulate more shares before the...
MSFT has revisited a weekly resistance level and is showing signs of a potential reversal, as it is respecting the resistance formed. The bearish reversal suggests that the price is likely to retrace back towards the vicinity of $300.
Recently, XAUUSD experienced a surge in bullish momentum, resulting in the price climbing back above $1930. This upward movement was accompanied by the formation of an inverted head and shoulders pattern, which was further confirmed by a breakout above the neckline on both the 30-minute and hourly timeframes. Based on this pattern, it is anticipated that the price...
Recently, Ethereum experienced a breakout above a resistance level. However, the price was unable to sustain the bullish momentum and retraced back into the resistance zone. This retracement formed a pullback pattern, indicating a potential continuation of the bearish sentiment as traders search for the next level of support. It is anticipated that a downward...
HDFC Bank Faces Rejection at Daily Resistance, Potential Retracement to 1580 Support. Strong Daily Candle Closure Highlights Possibility, But Bullish Breakout Could Invalidate Expectations.
Reliance has retraced to a significant hourly resistance level. There is now a potential for an upward breakthrough, aiming to revisit the previous swing high formed on the daily timeframe near 2760. However, it is crucial to await confirmation of a breakout before assuming this formation.
There has been a confirmed breakout in the hourly trend of XAUUSD, indicating a potential retracement towards a significant key zone formed at the bottom before an anticipated rally. This crucial zone, which is located around the 1915 area, holds significant support.
Based on recent market price action, GBPUSD has formed an expanding channel on the hourly timeframe. The breakout from this pattern confirms a bullish signal, indicating that we anticipate the GBPUSD to continue its upward movement. Our minimum target is near the recent swing high of 1.283.
Bitcoin has formed a bull flag pattern on the hourly timeframe, which suggests a potential continuation of the strong bullish trend observed on the daily timeframe. Anticipating a bullish breakout from the bull flag formation, there is an expectation of a rally towards $32,000, pending confirmation. However, in the event that the price falls below the bull flag...
NZDCHF has experienced a reversal at a support level formed on the hourly timeframe. Additionally, an expanding channel has been identified as another significant structure. The current market price has confirmed a bullish breakout from this expanding channel, indicating the potential for a rally towards the swing high around 0.56500.
PEPE has experienced a bullish breakout following a consolidation phase on the hourly timeframe. This breakout suggests the potential for a rally, especially considering the recent pullback that occurred after retesting the breached resistance level. It is anticipated that the rally may reach a level close to $0.0000020.