Yesterday, right at the beginning of the day, Gold continued its downward trend in the Eurasian session around 2314. Here, the H1 time frame created a pair of short-term reversal candles that pushed Gold back up and recovered strongly when the session came. America => At the end of the day, D1 candlestick closed up beautifully at 2350. Main trend today:...
Dear traders! Overall, BTCUSDT is still moving sideways in a consolidation zone on the 4-hour chart around the 72,000 - 67,000 area. The short-term correction continues to form. The price broke above the 69,200 support level and is now on track to test the new support zone at 67,200. But at the same time, a falling wedge is forming that will theoretically break...
Dear traders! After suffering the strongest sell-off in nearly four years due to stronger-than-expected US employment data, world gold prices remained stable at the beginning of the week, while investors awaited the monetary policy meeting. currency of the US Federal Reserve (Fed) this week to further clarify the future policy direction of the US Central...
Hello everyone, gold has shown signs of slight recovery after experiencing a $100 drop last Friday, with yesterday marking a pause and showing slight signs of recovery at the previous bottom of 2285. Regarding news: today, there are few news coming from the UK, directly impacting products with the Pound. For now, it's advisable to maintain the Sell order at...
Analyzing the DWS Group chart on the German stock exchange XETR, our previous assumption was that the top would be found between €40.52 and €42.62. The actual top was at €44.88, which aligns well with our prediction. After this peak, the stock experienced a significant 16% sell-off over three days. Currently, the stock is trading between the 50% and 61.8%...
Indices are far more reliable during technical analysis as compared to the individual stocks. The pattern is a clean one in Nifty Pharma Index. This is to spread the awareness about technical chart patterns and not a buy/sell recommendation. Always do your own research before making any financial decision.
Bitcoin analysis Time frames of 1 hour and 4 hours Bitcoin has fallen in the 1-hour time frame
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area. Trade safe, Joe.
Hey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights...
Traders! BTCUSD breaks trendline on 4-hour chart. And buyers are trying to retest the $70,000 resistance and even $70,500 liquidity. I expect that after the pullback, the price will continue to sell, the short-term target is the 64,500 USD area if buyers do not successfully defend the 67,000 USD area.
Dear traders! On D1 XRP is forming a bearish wave within the descending channel. The lack of momentum in breaking above the 0.55x resistance level is showing that the bullish momentum is losing momentum and the bears are in strong control. Accordingly, the steady decline in price along with the balance wedge has been broken. I expect that after a pullback to the...
Cyient , a global engineering and technology solutions company, is displaying technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : 1700 Support Zone : The 1700 level has been established as a strong support zone, providing a solid base for potential upward movement. Double Bottom Pattern : The formation of a...
Sunteck Realty , a prominent real estate development company, is showing technical indicators for a potential swing trading opportunity. Reason are listed below : Multiple Tests at 500 Zone : The 500 level has been tested multiple times, indicating strong resistance. The price is now attempting to break through this level, suggesting strong bullish momentum. ...
Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
Balaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade. Reasons are listed below: Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound. 0.618 Fibonacci Support : The price has found...
Uno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors. Reasons are listed below : Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift. Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...