US30 in support zonePEPPERSTONE:US30
It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
Oscillators
NIFTY DAILY - 19/4/2024Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179.
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer were buying from day ends.
Index is able to give closing above trendline.
Nifty is taking support around 40 RSI level.
Nifty reclaim 22000 level and able to break the resistance level which was 22152 so further resistance can be 22276 with support of 221936 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 19
Unchanged - 1
FII Buy + 129.39 crores
DII Sell – 52.50 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
CADCHF📉 Short Trade Idea❤✔Hey Everyone!!!!
The details is shown on the graph. Liquidity zone is broken as well as Stochastic Divergence occurs.
This, the CADCHF pair is expected to go down to the previous resistance (order block zone 100% (TP1 and TP2).
Let's see what happens
Good luck y'all🙌🏽😎❤
📈SAND Futures: Short-Term Trading Analysis⚡️🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe.
📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration of this range remains uncertain.
💥RSI, after touching a support level at 13, now stabilizes around 50, signaling a reset amid price stabilization. Await RSI's confirmation as it forms a new structure. Meanwhile, volume diminishes post-reaching the 0.4050 floor, synchronizing with the consolidation phase, implying reduced activity during price correction.
📉For potential short positions, monitor a breach below 0.4050, presenting potential entry points, with an initial target set at 0.3647. Conversely, exercise patience for long positions, awaiting confirmation near 0.4710 or a bullish move followed by a correction.
📝Stay vigilant as SAND's short-term trajectory unfolds, capitalizing on emerging opportunities while navigating market dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Technical Analysis Signals Strong Growth for USD/JPYUSD/JPY is currently maintaining stability around 154.50 amidst unpredictable market fluctuations. According to Reuters, the currency pair reversed losses after a high-ranking official from Iran stated that there is no immediate plan for retaliation against Israel's missile attack on Iran. This has reduced the likelihood of escalating tensions in the Middle East.
Based on technical analysis, the Relative Strength Index (RSI) is trading above 60, indicating signs of strong upward momentum in prices. This reflects optimism and bolstered buying activity in the market, potentially driving USD/JPY prices even higher in the near future.
Wells Fargo Quietly Breaks OutStocks inched lower yesterday, but not Wells Fargo.
The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out.
Second, Bollinger Band Width highlights the narrow consolidation since early April. Will that price compression give way to price expansion?
Third, WFC is back above its 21-day exponential moving average. Traders could view that as evidence of a bullish trend. MACD is also trying to turn higher.
Finally, there have been some positive news events. The Office of the Comptroller of the Currency (OCC) terminated a cease-and-desist order on February 15 and earnings beat estimates on April 12. (The stock initially dropped but advanced this week.)
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GBPAUDGBPAUD give breakout of LH , also bullish divergence occur indicate that buyers are in control.
We can attempt to buy by placing buy stop.
SL , TP mention in chart
GBP/USD Recovery, Expected to Extend the Upward MomentumGBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.
Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected to reach 60, showing that the growth is being fueled and could develop strongly in the near future.
DAX bears lose control following Israel's retaliationThe DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads.
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
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Chart Analysis: GBP/USD DowntrendGBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran.
Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery effort, it faces resistance near the SMA 20 line. Furthermore, the Relative Strength Index (RSI) is trading below the 50 level, signaling that the price may continue its downward trend.
🔥 Bitcoin: Waiting For The Ultimate Trigger To BuyIn this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness.
As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point.
With Bitcoin seeing quite a sell-off and the halving coming up, I'm going to wait patiently for the RSI to hit daily oversold. I imagine another few red days and the RSI should be <30.
Have some funds ready, because this entry might be the last time you can buy BTC during weakness for a long time.
Potential Sharp Decline Looms for EUR/USD as USD StrengthensThe significant recovery of the US Dollar (USD) has interrupted the EUR/USD's rebound process after it reached a peak around 1.0690 on Thursday. This currency pair declined below the 1.0640 level in Friday's Asian trading session.
Based on technical analysis, the technical indicators are supporting the downward trend. The price of this pair is gradually recovering; however, it is still constrained by the SMA line. Additionally, the Relative Strength Index (RSI) is trading around the 40 level. If the price drops to this level, there is a possibility of a sharp decline.
$SPY April 19 2024AMEX:SPY April 19 2024
Strength is only above 515+- at the moment.
Today 497 should break and probably AMEX:SPY will touch 4892no 94 levels being 100 average in the daily.
In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels.
Both will be resisted at least once.
For the day I will go short around 502 levels on a gap up or below 497 on a gap down.
Provided the opening is around those levels and close of the bar near the low so can have the high of the bar a SL.
Bias. Downside towards 492 levels.
At the moment holding 492 +- 2 level is very important.
Gold Surges Past $2,400 After Israel-Iran EscalationThe price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran.
Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the upward trend is developing strongly and may persist in the future.
Gold Shows Signs of Recovery, Targets $2,400 MarkGold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark.
Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it could be predicted that the price will reach the psychological threshold of $2,400 and continue its upward momentum to the previously established peak of $2,431.
📈LINK: Key Levels and Market Indicators in Daily Time Frame💎🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement.
📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider other parameters to confirm our analysis.
📊Firstly, let's analyze the volume. After the recent selloff candle, we encountered significant buying volume at the support level. However, volume has significantly decreased since then, with red candles showing decreasing volume day by day. This divergence suggests caution and indicates a lack of confirmation for the current trend.
💥Looking at the RSI, we observe that it has reached oversold territory, which could serve as an attractive entry point in an upward trend. However, there is minimal divergence, particularly visible in the 4-hour timeframe. Positive divergence triggers above the 30 line on the RSI could confirm its activation. On the flip side, a crucial resistance at 36.06 may hold the RSI in check, resulting in price ranging behavior.
💎Observing the SMAs, we note that the SMA7 has reached the candles, but the candles are closing bullish, indicating that the SMA7 may not exert significant pressure. Conversely, the SMA25 has distanced itself from the candles, suggesting that either the candles need to move towards the SMA25 or range until the SMA25 catches up.
✅Considering these parameters, it appears that the price has a stronger inclination towards upside movement compared to downside. Potential upside targets include 16.699 and 20.623. However, it's essential to remember that nothing in the market is guaranteed, and support levels may fail. In such a scenario, activating a stop-loss for long positions and considering short positions may be prudent. Potential downside targets could be 10.989 and 8.377.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
