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NIFTY 50 NOT IN RECESSION!! DETAILED ANALYSISi have used a great colour to present my analysis. so please go through the colours carefully. INDIA is clearly not in recession, this makes us to understand its bottom point. lets start: THE TWO BLUE LINES: represents the trend followed by NIFTY post corona's bull run. and through drawing the PURPLE LINE, i have marked the bottom, and its area(sorry for the bad drawings :p) i had followed the analysis by describing how that point i have marked is the recession point. have a look at ORANGE LINE, its the bull run trend. after the bull run completed markets have consolidated(THE ORANGE CIRCLE) FII entering in INDIAN markets made nifty to rise a more(till the orange circle) DEFINING more about, THE ORANGE LINE, past from 23rd march till 12th April, nifty was on left side of the orange line, after that it came to other side. just a short observation of saying bull run got completed. (arrows are drawn have a good look). THE TWO GREEN LINES are the support lines. now have a look at THE PURPLE ARCS. INDIA was not in a recession from the start so, it has just touched its support line, and never entered in recession. the same situation is now too. check, THE DARK BLACK LINE, its the support line(which is supported many a times). FINALLY, i conclude my analysis, where i have described how and where nifty 50 is in its position. i will post soon about its further trend lines(resistance and support).. stay connected!!
NSE:NIFTYLong
by raghavchoudhary2016
S&P 500 Daily Chart Analysis For Week of October 7, 2022Technical Analysis and Outlook Repeated dead-cat moves to Mean Res 3720 and Mean Res 3775 - the letter partially fulfilled last week (as pointed out on S&P 500 Daily Chart Analysis For September 30) was in order throughout the trading week. Short-term moves leading to the newly created Mean Res 3790 are possible. Currently, on the downside, the main target is Key Sup 3587, and Outer index Dip 3530 - Next Outer Index Dip 3450 is in the making.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD)Daily Chart Analysis For Week of October 7, 2022Technical Analysis and Outlook: The Bitcoin completed our interim rebound as specified Bitcoin (BTC/USD) Daily Chart Analysis For September 30. On the downside, the main target is our newly created Mean Sup $19,050, Key Sup at $18,400, and the next Outer Coin Dip at $17,200, with the possibility of extending to the prevailing move to #2 Outer Coin Dip at $15,500 - There are possible short-term upside moves to Mean Res $20,385.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For September 30, 2022 Technical Analysis and Outlook Repeated dead-cat moves around completed Inner Index Dip 3760 were in order throughout the week, along with the partial completion of our interim rebound target to Mean Res 3775. On Friday, the index penetrated the Inner Index Dip 3760 and is on its way to our next specified target Outer index Dip 3530 - Possible short-term moves are leading to Mean Res 3720. Next Outer Index Dip 3450 is in the making.
SP:SPX
by TradeSelecter
2
EUR/USD Daily Chart Analysis For September 30, 2022Technical Analysis and Outlook: On Friday, the Eurodollar completed our Interim Rebound as specified on EUR/USD Daily Chart Analysis For September 23, after a repeated hit of our completed Inner Currency Dip of 0.9570. On the downside target is retesting the newly created major Key Sup 0.9595 and once again completed Inner Currency Dip 0.9570. Continuation to the next Outer Currency Dip 0.9370 is in the making - There are possible short-term dead-cat bounce moves.
by TradeSelecter
Thailand vs USA- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23. - in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB). - Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic. - The big problem is : Economy not only based on Tourism. - Importations will be much more expensive for Thailand, and they will get much less profits for exportations. - Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ). Scenarios : - if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB - A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB. Happy Tr4Ding !
by thecryer
Make America great again with Dollar.From 1985, DXY oscillated into falling wedge and nowadays rising on EUR weakness. This falling wedge got confirmed and trend is strong. Consumers prices rises to try accelerate worldwide economy. Damage was done in US by printing. However, the war in Europe destroying Euro. Many of Us, traders and investors thought this have to come sooner or later. With that money supply increase... Strong EUR, USD or Equal Euro to Dollar is not very good for markets. But markets raised 2 years, bad situation show up and Bear cycle going forward in Covid shadow. Basically, governments don't want you to be so rich all the time. Only way how to control world , rich people and companies is through markets. I personally expecting strong 5th major bullish wave in Stocks & Cryptocurrency markets. This would be quite quick for now ( markets are in 4th corrective wave ). It will always rise and fall. Exchanges want you drag into trades , speculations and liquidate. Future is coming so let's monitor this yellow fractal. : - ) I have always this 2 quotes on my mind because I don't feel in prosperity enviroment like and still have to pay taxes : "There are two main forms of wealth in today’s 2025 world: Land and Cryptocurrency." "In 2030, You’ll Own Nothing And Be Happy About It" Yours Emvo. *This is not any financial advice.
TVC:DXYLong
by Emvo10