Nifty & Bank Nifty Analysis and Trade Plan for 18th OctoberNifty & Bank Nifty Analysis and Trade Plan for 18th October
Pivot Points
EURUSD Multi Timeframe Analysis 17.10.202415m Swing, Internal and Fractal Bearish
Recent supply that price currently testing is the strongest range to hold the price imo. The one placed between 1.08592-1,08622 is very likely to fail, thats why I have not mentioned on the chart
We now have mitigated the extreme Daily Demand range and we likely get a bullish reaction but we might get couple of fake breaks in low time frames before price pushes up. Ideally wait for 4H Internal Structure to shift bullish
I will look for quick 15m setups ( buy / sell ) if I see any and publish here as update as I have done before
NAS100: Bullish Continuation Hinges on Key LevelHello,
PEPPERSTONE:NAS100 remains a strong buy for now, but many sellers are anticipating a potential reversal. Despite their expectations, we are likely to see continued bullish momentum. To confirm this, the price needs to stay above 20,117.918. Should it drop below that level, we could see a test of the 1M pivot point.
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XRP/USD Long-Term Buy if 1W Pivot HoldsHello,
BITSTAMP:XRPUSD remains a long-term buy as the price has once again respected previous support levels. We can expect further upside, but only if the 1-week pivot point holds.
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Promising Signs for LTCUSD: Potential Bullish Outlook Ahead!Hello,
COINBASE:LTCUSD remains predominantly bearish, but recent developments are showing potential for a bullish outlook! The 1M PP has acted as support, though it may be tested again. As time progresses, we can expect to see higher highs!
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ASX to new highs, or fakeout in the making?The ASX 200 futures chart reached a record high on Wednesday, and momentarily traded above 8400. Yet repeatedly we see the market hold above this level (also note the weekly R3 pivot is within the area).
A bearish divergence is forming on the 1-hour chart, so the bias is for a false break of the highs and retracement lower ahead of its next sustained record high.
Bears could seek a move towards the 20-hour or 50-hour EMA, or bulls could wait for such a level to be respected as support before rejoining the bullish trend.
*Take note that AU employment data is released in just over 1hr*
MS
AUD/USD bears eye 200-day SMABears are retaining control on AUD/USD after they used the 50-day EMA as a nice entry for fresh shorts. Yet support was found around a historical weekly VPOC (volume point of control), so perhaps a minor bounce could be due. Bears could seek to fade into any such bounce around resistance level such as the swing lows around 67c, in anticipation of a move down to the 2000-day SMA near the September low.
DASHUSD: Short-Term Gains, Long-Term Bearish OutlookHello,
COINBASE:DASHUSD is poised for short-term gains, but it remains significantly bearish in the long term, with further declines anticipated. For any upward movement to occur, the price must first break and maintain levels above the 1M PP. If that happens, we could see a rally towards the 1Y PP.
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BCHUSD Set for More UpsideHello,
COINBASE:BCHUSD is likely to experience additional upside. If the price breaks through and maintains a position above the 1D pivot point, we can expect further upward movement!
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Optimism Grows for ETHUSD Bullish ContinuationHello,
BITSTAMP:ETHUSD has been in a neutral phase for some time, but there’s growing optimism for a bullish continuation. While a short-term downside is possible, the long-term outlook remains in favor of the bulls.
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BTCUSD Surge: Key Levels for Potential BreakoutHello,
BITSTAMP:BTCUSD is surging again, showing significant gains. For further upside potential, the next key step is whether the price can establish itself above 67,595.106, which would confirm a move towards 71,416.163 and beyond. The big question remains: will we see higher highs soon? The chances look promising, especially as the 1-week strong resistance at 66,105.113 has flipped into support, a positive sign!
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NZDJPY Awaits 1W Pivot Confirmation for Bullish ContinuationHello,
OANDA:NZDJPY pair has respected the 1M pivot point, which has acted as support. Now, confirmation of the 1W pivot point is needed to validate a bullish continuation.
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EUR/JPY: Short-Term Downside, Long-Term BullishHello,
The EUR/JPY is likely to experience further downside in the short term, but the long-term outlook remains bullish, with an expected continuation of the upward trend.
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AUD/JPY: Bullish Momentum Awaits Key ConfirmationHello,
OANDA:AUDJPY remains a promising long-term investment, with a strong bullish outlook that continues to gain momentum. However, caution is warranted as the price is currently positioned below the weekly and daily pivot points (PPs). While the overall outlook is neutral, it leans towards a bullish continuation despite the price being under these key levels. To confirm this upward momentum, a break above the weekly pivot point is needed for further bullish movement.
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Market Outlook and Strategic Trading TargetsOANDA:XAUUSD
1H Timeframe
Current Price: 2657.180
The market is currently experiencing significant consolidation between the levels of 2604.352 and 2685.340. These are critical levels to consider for trading strategies.
(Bearish Targets)
2656.250
2636.719
2617.188
(Bullish Targets)
2666.000
2675.781
2685.340
Happy trading!
EURUSD Multi Timeframe Analysis 16.10.202415m Swing Bearish Internal and Fractal Bullish
Price recently swept Asia High so we might see bearish momentum to continue
If you would like to look for longs after sweeping old daily low ( 1.08814 ) and follow 15m internal bullish order flow, demand marked on the chart. But waiting for a 15m candle closure above 15m Swing Strong to make sure that the swing structure switched to Bullish is ideal.
We have now 4H bullish ChoCH after sweeping the low, indicates that 4H pullback might be started.
Nifty & Bank Nifty Analysis and Trade Plan for 17th October || Nifty & Bank Nifty Analysis and Trade Plan for 17th October ||
XAUUSD - New ATH!Gold is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
Considering the upward momentum of gold, selling position are not recommended and you can look for buying positions in the two specified demand zones
$BTC UPDATEThe way yesterday's daily candle closure got me thinking. Closing as a bearish daily candle would have met my expectations for a strong bearish movement, but on a daily basis, CRYPTOCAP:BTC is still bullish but we are currently in Daily Supply range.
Yesterday we had 4H strong liquidation in Daily Supply + Strong Bearish momentum
The high 67.986 might get swept, then we might get a bearish momentum to look for confirmation shorts
OR
15m Supply in this 4H candle might hold and push the price to the 4H fractal low ( 64.773 )
I personally think that price will push higher to sweep the high but it is risky to take any trades before price showing its hand
PEPE final jump into a mayhem!A high probability we will not reach the weekly open/close since we have rejected heavily on the range VAH. A daily open/close is newly printed which will be resistance along again with the VAH
Why not short it?
USD/CAD Hits 1-Month High, Bullish Continuation ExpectedHello,
FX:USDCAD pair has experienced a significant rise, reaching a new one-month high at 1.38387. Further bullish movement is anticipated, with the expectation of continued upward momentum if the price can break and hold above this recent high. Current data and market sentiment support the likelihood of this continuation.
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USD/CAD Hits 1-Month High, Bullish Continuation ExpectedHello,
FX:USDCAD pair has experienced a significant rise, reaching a new one-month high at 1.38387. Further bullish movement is anticipated, with the expectation of continued upward momentum if the price can break and hold above this recent high. Current data and market sentiment support the likelihood of this continuation.
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NZD/USD Nears Key Support, Swing Trade PotentialHello,
OANDA:NZDUSD has experienced further downside pressure and is now approaching the 1-month low of 0.605265. The 6-month low stands at 0.58497, while the 1-year low is at 0.577335. With the current bearish momentum, it seems likely this trend will continue. However, it's important to note that we're nearing a significant 1-year support level at 0.589779, which could play a critical role moving forward. Another key support level to watch is at 0.604296. Buyers are optimistic that a swing trade opportunity may soon arise, provided these support levels hold firm.
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