Levels
JASMYUSD: JASMY 11 Cents Target Hit & Exceeded! Congratulations!
Last Vid (see Link to Related Ideas below) predicted 11 Cents
Last Vid I predicted the breakout would happen within hours. It did.
Our target of 11 cents has now been met and exceeded.
Congratulations to all traders in order
Now where to?
Expecting 10-15% correction in Nifty very soon.After Great rally it seems like nifty is now tired and ready to correct till these levels. I presume that Nifty is not going to correct very sharply but it'll kill both bears and bulls in this fall so its better to stay away from markets for some time untill everything settles down.
Nifty needed a good correction and according to how chart is forming i believe its going to correct very soon but..
'Expect the unexpected' xD
Everything Need to Know About BankNifty Intraday level for 27OctNow BanknIfty has good support at 41100 level and upside only till 41800 at the moment as per the data point. 40800 - 4100 level is good buying level and can plan for short only if Banknifty reaches 41800 level and doesn't sustain over and give indication in price action.
The next support levels on GOLD If you've been following our analysis, you know what to expect from GOLD
In order for this to complete, we will be following for a breakout of the next support levels!
The first key level is at 1759. A drop below this level will confirm our analysis and it will result in a further downside move.
The next significant level to watch out for is 1745. A breakout of that level will give us the opportunity to add to our positions.
As of right now, we don't yet have an active position here.
OXTUSD Orchid Hit 48 CENTS Resistance Exactly. Now Where To NextThe previous video explained the bullish behavior of OXT.
Inside bullish triangle
Consolidation phase nearing an end
Testing huge resistance many times
Etc. (see link to Related Ideas below)
In this video, I analyse the greatest probability of where OXT goes next:
Currently hitting our heads on resistance at 48 cents
How strong is the 48 cent resistance line?
Where did the 48 cents resistance come from? How did I develop it?
What will OXTUSD do next? Greatest play scenariors.
SPY - Resisting with ResistanceWe are possibly in technically uncharted territories now that the SPY has broken it's long term upward trend and has now tested and confirmed a new downward resistance level. The market structure is also supporting a downward trend, with few points of volume showing sound structure through out the SPY -- in other words the SPY's profile structure is somewhat akin to a house of cards with areas of support that are spread far apart whose volume is stacked in a pyramid shape.
The bulls will need to push the SPY to break this new resistance level and quickly start building structure to keep the bears from taking any more cards.
It will be interesting to see how the wholesalers and institutional payers start changing their strategies in this new environment.
PLATINUM RETURNED BACK TO THE DOWNTREND CHANNELPlatinum is a rare precious metal used in jewelry, electronics, and scientific equipment. Platinum prices are highly volatile, even more so than gold. As platinum supplies remain low and demand high, platinum prices will likely remain volatile.
Platinum price formed a strong bullish rally last Friday due to the stability above the breached resistance at $1000.00 by reaching 38.2% Fibonacci correction level at $1035.00. Yesterday, the price returned back under the resistance level of the downtrend. It would be interesting how the traders will reach from that turning point.
If the price break through the strong resistance level around $1030.00 and 200-EMA, the experts suggest that it will activate the bulls on the market and it is possible the price will test the next strong resistance level around $1140.00 or to see higher prices around $1248.00.
On the opposite side, if the price continues falling, it will bring back the bears on the market, and the price may test the support level around $945.00 or lower around $908.00 again or far away on South around $838.00
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Weekly EUR/USD analysisIn this weekly post EUR / USD, we analyze the most popular currency pairs or Euros against US Dollars
Fundamental analysis
Late last week, there was good news for the US dollar, which helped boost the dollar, and we saw a sharp drop in currency pairs to the right of the US dollar.
For example, the PMI release was higher than expected. The US Federal Reserve and Treasury also announced that they are working to control inflation and unemployment and prepare the country for the post-coronavirus situation.
On the other hand, there was no good news in Europe. For example, the unemployment rate in Germany was higher than expected
Impact of Bitcoin
The US Treasury Department has also officially announced that it will not be like China and will not ban cryptocurrency transactions.
This has led to a sudden rise in the price of bitcoin and encouraged investors to trade more confidently in the country.
New week
In the new week, ADP Non-Farm Employment Change
and unemployment rates are the most important news.
Fundamental prediction
The Forex site predicts employment growth and declining unemployment in the United States, which is a positive signal for the dollar to rise and EUR / USD to fall.
The site also predicts that European PPIs could decline, which is a signal for the chart to decline.
Increase or decrease
However, with the closure of US banks on Monday as well as OPEC meetings, we expect the euro to experience short-term growth. This growth will be close to the previous floor, ie the range 1.66 to 1.69
Signal
If the price exceeds the said range, this week's analysis will be incorrect, otherwise the price will fall to 1.15 and even 1.42 is not unexpected
The first trades of the week will be SHORT at the end of the week if the BUY trend is bullish.
SPY (S&P500) - Resistance, Support, and Trend - 09/05/2021The S&P500 (SPY) has been uptrending in price, on daily and weekly charts (2021).
Current price is testing the upper Trendline Resistance line.
Bullish scenario:
-SPY price breaks up above trendline resistance to test new all-time-highs.
-Resistance price targets: $453.38, $457.40, $463.83.
Bearish scenario:
-SPY price pulls back down to horizontal or trendline support price levels.
-Support price targets: $447, $440.39, $436.37.
Note: Any price close above $436.37 price level would still be a higher-low, on a weekly chart, for the S&P500 (SPY).