Trend Line Is BrokenIt have finally broken the trend line but with last closing the candle is very bearish indicating there are chances of retest. I would like to see a closing above .305 today which will be a good weekly closing. Check out the resistance level to take the trade.
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Dubai
Good PerformanceVery nice push phase and strong move to the upside i think now it will rest for a while. On bigger picture we can see it just got rejected at 200day ema. Lets see if it can cross, i think it will take some time to rest before it breaks the resistance. But over all its bullish.
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Need a good weekly closeYes its bullish as of now but as i had mention previously 0.290 is a tuff nut to crack. Its a resistance zone but as the same time in have been tested so many times so the level have now become weaker and weaker so there are good chances of breaking it. Looks very bullish. We just want to see a nice closing today as its the last trading day of the week.
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Correction Time?Market is on a bull run but no market or stock can keep moving in one direction there is always a push phase and then a correction phase. So a correction is soon expected which will be healthy for the market. Immediate support levels are 2500 next is 2480 Resistance is at 2570 over all market is very bullish and this will be the chance to buy the dips.
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Strong UptrendDubai Stock Market is in a nice and steady uptrend. Next solid technical resistance at 2475 levels and immediate support at 2400 which is a psychological support a strong level is at 2390. Over all trend in international market is bullish as the vaccine news is pushing the markets to the upside. After the long weekend lets see how the market reacts to the news. Over all bullish and more upside is expected.
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The question that every Trader is asking When to Buy gold ?
Hey traders, here is the analysis for gold
When to Buy GOLD ?
in the chart you can see we have two level of support in red . if we break the first one , next stop is 1690 than go long for 2021 to correct the whole move . will will accumulate more gold in the next years , because of the devaluation of USD an the other currencies .
In the past years all currencies lost their power , but Gold is always here it considered a hedge against inflation .
in the next 5 years Gold will reach 3000 +
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit a like. Thanks for YOUR SUPPORT Guys !!
2 ScenariosIts in a nice strong uptrend. I can see 2 scenarios from here after seeing some weakness at the top and form thursdays session. Either it continues to the upside and touches 3.40 directly which is a strong resistance OR it comes down for a retest which is around 3.14 level and then make a move to the upside. In both the cases its bullish,
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Good for buyIts at very nice level as we can see it broke the neck line that was resistance which will now act as a support level. Clearly in thursdays session it came back for a retest and have taken a bounce. Tomorrow most likely it will push to the upside next hurdle is at 0.290 bullish mode!!
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Pattern BreakoutAfter the breakout of pole and flag patter its moving to the upside it also have retest the breakout levels. Next target is around 1.30 to 1.35 its very bullish and in coming days it will make some good moves. if you are in this trade hold on for better profits.
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Nice tradeIts in a bull trend and this is when we have to enter the trade for profits. There is no point buying it at cheaper price when its in a down trend and getting stuck with it for months. We can see a bullish type of candle right at the support level. More upside expected and slowly it will climb to the upside.
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Bullish ModeIts now in bullish mode clearly we can see higher highs and higher lows good sign on bull trend. As i had mentioned in my previous trade plan 0.290 is a strong resistance which concides with 200day ema. I think it will cross this week and go towards next target. Overall now its changed the trend from bearish to bull trend.
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Bull PowerMarket is clearly bullish and in a strong uptrend. Last week market finally broke the important and a psychological resistance of 2400 the best part is it have successfully retested and closed above 2400 level which is another indication of bullishness. Next resistance is at 2460 level we still have some space to move up.
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Up is the wayMarket have to go up and either ways, either it goes directly at 2400 level or it comes back for a retest and then resumes the uptrend. Over all it looks bullish today it have made a doji candle right at the solid technical resistance level that is 2320. There are good chances of some correction at this level as it would be healthy for the market. Very bullish
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Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!!
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Still No ClarityDeyaar is been trying hard for weeks now!!! it was just trying to hold above the support level around 0.268 and today agian we saw a good closing right above the support level. The trend is still to the downside we cannot just trust 1 green candle to enter the trade unless you are trading support and resistance me as a trend trader i would like to see some more price action and enter the trade once the trend is confirmed. Keep stalking this one.
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