SWING IDEA - ASIAN PAINTSAsian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade.
Reasons are listed below:
3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment.
Dragonfly Doji on Daily Timeframe : The formation of a dragonfly doji on the daily chart suggests a potential reversal to the upside after testing support, reflecting strong buying interest at lower levels.
50 and 200 EMA Support on Daily Timeframe : The stock is trading above both the 50 and 200-day exponential moving averages, which serve as strong support levels, reinforcing the bullish outlook.
Break of 6-Month Consolidation : The stock has broken out of a 6-month consolidation phase, signaling the potential for a new uptrend and increased momentum.
Bounce Back from Golden Zone : The stock has bounced back from the golden Fibonacci retracement zone (0.618 level), which often acts as a strong support and suggests a continuation of the uptrend.
Target - 3185 // 3420
Stoploss - daily close below 2950
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Priceactionanalysis
400 ticks and Pumping !!!Hope you guys are on this trade because I clearly stated in my last post on this pair that price is still very bullish and even marked out the exact zone price was going to continue it's push from !
let's see how far up price Pushes before taking partials because we might leave some positions till next week.
Happy weekend everyone... TGIF
Gold price analysis August 23☘️Fundamental analysis:
Gold prices attracted fresh buyers in the Asian session on Friday, moving away from the weekly lows touched the previous day. Growing acceptance that the Federal Reserve (Fed) will start lowering borrowing costs at its September policy meeting did not help the US Dollar (USD) to capitalize on a decent overnight rebound from weekly lows.
However, gold prices remained below the psychological $2,500 level as traders eagerly awaited Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium for clues on the path of interest rate cuts, which could provide fresh directional momentum. In addition, developments surrounding the ceasefire talks between Israel and Hamas will play a key role in influencing the near-term trajectory of XAU/USD, which looks set to post modest losses for the week.
☘️Technical Analysis
Gold recovers from the important technical support level of 2470, which is also the support level that I identified for you in the previous analysis.
The important price zone that gold is heading towards is 2500. There will be two important cases when the price breaks and does not break out of the 2500 zone. When breaking the 2500 zone and heading towards the resistance zones that gold could not break yesterday. The zones of interest are 2509 and 2513, which are also important today. If it cannot break, it may continue to downtrend. On the contrary, breaking the 2513 zone will head towards 2519 and form an uptrend when trading successfully above 2520. In the opposite direction, the important support zone is the breakout zone of 2485 and the support zone of yesterday's bottom around 2571. If it breaks 2471, 2465 becomes the final support zone.
Wish you successful trading
Resistance: 2500 - 2509 - 2513 - 2519 - 2530
Support: 2485 - 2472 - 2465
SELL price zone 2500 - 2498 Stoploss 2505
SELL zone 2519 - 2521 Stoploss 2524
BUY scalp price zone 2465 - 2363 stoploss 2460
BUY price zone 2472-2470 stoploss 2468
GBPUSD | Perspective for the new week | Follow-upThe British Pound gains significant traction as the UK Office for National Statistics reports a rebound in Retail Sales for July, with monthly and annual figures rising by 0.5% and 1.4% respectively. This momentum comes ahead of the Bank of England’s (BoE) crucial September monetary policy meeting, where decisions could hinge on the sharp decline in service sector inflation and a surprising drop in the Unemployment Rate, signalling an expanding economy.
On the US front, jobless claims continue to fall for the second consecutive week, challenging the earlier Nonfarm Payrolls (NFP) data that suggested a weaker labor market. Market speculation for large rate cuts has eased, yet expectations for a dovish Federal Reserve decision in September remain strong, with policymakers signalling comfort with upcoming interest-rate cuts.
With these recent developments, the GBPUSD remains in a volatile state. The rebound in UK retail sales and the positive signals from the US labor market suggests that there is potential for further gains for the British pound. However, the BoE's policy decision and the Fed's stance on interest rates will be key factors to watch in the coming weeks.
How will buyers and sellers position themselves in the coming week?
GBPUSD Technical Analysis:
Will buyers break above $1.29500 next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Inverted Head and Shoulder Pattern breakout in DALBHART🔍 Technical Analysis on DALBHARAT (1-Hour Timeframe):
Pattern Formation:
An Inverted Head and Shoulders pattern has recently formed and broken out on the 1-hour chart of DALBHARAT. This bullish reversal pattern is often a strong indicator of a potential upward movement, particularly after the breakout from the neckline.
Breakout and Entry Point:
The breakout occurred as the price crossed above the neckline, which was near the 1795 level. This breakout is a key signal for a potential long entry. Traders can consider going long above 1795, anticipating further upward movement.
Projected Target:
Based on the head height of the pattern, the projected target for this breakout is around 1865+. This target is derived by measuring the distance from the head (the lowest point) to the neckline and adding it to the breakout point. The 1865 level serves as the potential upside target, representing the full price move expected from this pattern.
Stop Loss Consideration:
To manage risk, a small stop loss can be placed at 1751, which is safely below the neckline and the recent low, allowing some room for market fluctuations without prematurely exiting the trade.
Summary:
Entry: Above 1795
Target: 1865+
Stop Loss: 1751
This trade setup aligns with the technical structure of the inverted head and shoulders pattern, offering a favorable risk-to-reward ratio for those looking to capitalize on the potential bullish momentum in DALBHARAT.
Will the revision of the NFP help support the Gold price?Macro theme:
- At the Jul meeting, most policymakers suggested easing policy in Sep would be appropriate if the data aligned with expectations.
- Bets on more rate cuts grew after US Nonfarm Payrolls were revised down to 820K, raising doubts about the labor market's resilience to higher rates.
- Investors are now waiting for Fed Chair Powell's speech on Friday for guidance on the interest rate outlook, keeping markets stable for now.
- Meanwhile, geopolitical tensions in the Middle East continue to drive gold prices higher.
Technical theme:
- XAUUSD is still trading above the EMA21, indicating solid upward momentum persists.
- If XAUUSD extends its gain, we can watch the 2.0 Fibonacci extension, which is around 2555.
- On the contrary, if XAUUSD retraces before continuing, we must watch for 2480 and a lower level at 2431 before attempting any go-with-trend trades.
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish.
It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96.
To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
USDJPY trading signalsUSD/JPY holds recovery from two-week lows of 144.95
USD/JPY is trading near 145.50 early Wednesday, sustaining the bounce from two-week lows of 144.95. The pair has recovered following a bigger-than-expected Japan's Merchandise Trade Deficit, which weighed on the Yen despite a risk-off mood. Fed Minutes eyed.
BUY USDJPY now zone 145.700-145.500
↠ Stoploss 145.200
→ Take Profit 1 146.100
→ Take Profit 2 147.000
Gold Price Analysis August 21☘️Fundamental Analysis
Gold prices extended their bullish consolidation above the psychological $2,500 level heading into the European session on Wednesday and remained within striking distance of the record high hit the previous day. Investors appeared to be betting that the Federal Reserve would begin its policy easing cycle and announce 25 basis points (bps) in September. This continued to weigh on US Treasury yields and became a key support for the non-yielding yellow metal. In addition, geopolitical risks, China’s economic woes and a slight decline in global risk sentiment served as a boost for the safe-haven commodity.
Investors also appeared reluctant and preferred to wait on the sidelines ahead of the release of the July FOMC meeting minutes. In addition, Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium on Friday will be closely watched for clues on the US central bank's policy path.
☘️Technical Analysis
Gold is trading in a narrow range of 2500 and 2532. That is the wide range we can trade when gold breaks out of the sideways range in the Asian session around 2519-2510. Today's key support resistance zone around 2550 and 2476 to ensure that gold's price range does not increase or decrease too much. RSI corrected in the US session yesterday but is still at a relatively high level. If gold fails to close below 2500, it is very likely to create a new ATH in the following days.
Resistance: 2527 - 2531 - 2540 - 2552
Support: 2500 - 2495 - 2488 - 2475 - 2470
SELL scalp zone 2528 - 2530 stoploss 2533
SELL zone 2550 - 2552 stoploss 2556
BUY zone 2477 - 2375 stoploss 2471
SasanSeifi|GBP/USD on the rise?Hey there, Upon reviewing the FX:GBPUSD chart from a mid-to-long term perspective, the trend still leans towards the bullish side, with medium-to-long term targets potentially lying within the 1.32 to 1.33 range. Currently, on the 4-hour timeframe, the price is trading around the 1.30300 level.
Possible Scenarios:
In the current situation, if the price continues to be supported by strong demand and breaks above 1.30600 with confirmation, short-term targets of 1.31 to 1.31400 could be in sight. This could lead to the formation of a new high above the 1.30500 level.
To better understand the continuation of this trend, it is crucial to monitor how the price reacts to these short-term targets. Should the price encounter resistance and fail to hold above 1.30600, we might see a pullback to the levels of 1.29700, 1.29500, or even 1.29.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
EUR/USD: Bullish Outlook with Key TargetsHey there, looking at the FOREXCOM:EURUSD chart on a 10-day timeframe, it’s clear that the price has been stuck in a range for almost two years. Right now, the price has broken through its 7-month high and is currently trading around 1.011. Personally, I have a bullish outlook for both the medium and long term.
⏩I anticipate that the price could rise toward mid-term targets of 1.11500 and 1.12800. After that, I expect the price to potentially continue its upward movement towards long-term targets of 1.14 and the Bearish Breaker Block at 1.15, especially if it breaks above the 1.12800 high.
To fully understand the ongoing trend, it will be important to observe how the price reacts to the mid-term targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
XAUUSD 2.502.70 -0.06 % WEEKLY MULTI TF ANALYSIHELLO TRADERS
Hope everyone is doing great
📌 A look at GOLD from HTF - MULTI TIME-FRAME ANALYSIS
GOLD WEEKLY TF
* We closed the week with a new high on GOLD.
* last week saw strong bullish momentum coming into play, looking for some cont. of this move.
* The weekly & daily TF show signs of bullish continuation on Gold sentiments are the same o that regard.
GOLD DAILY TF
* The strong bullish candle puts me in doubt of a deep pull back.
* But on the Daily we see a +FVG that could serve as IRL for optimal entries.
* With PO3 the weekly could have already played a JUDAS SWING so chance of BULL rallying are high.
4H TF
* On the 4H we are range bound we saw an agressive in & out of this range on the bearish side
* Break above could see us in a rally of new high.
* break below could mean we might see the 4h FVG mitigated.
1H TF
* Breakout will give the perfect sentiment on GOLD.
* CONTINUATION / RETRACEMENT
🤷♂️😉
* We will see what does the market dishes.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,BOOST & LETS TAKES SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT SOPPORT BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Gold Price Analysis August 19Fundamental Analysis
Gold prices remained on the defensive in early European trading on Monday, although they held above $2,500 and remained within striking distance of their record highs. Growing expectations that the Federal Reserve (Fed) will begin lowering borrowing costs in September triggered a fresh decline in US Treasury yields. This, in turn, dragged the US Dollar (USD) to its lowest level since January and acted as a boost for the non-yielding yellow metal.
In addition, the risk of escalating geopolitical tensions in the Middle East and the protracted Russia-Ukraine war contributed to limiting the decline in the safe-haven commodity. However, traders appeared reluctant to place fresh bets on Gold prices, preferring to wait for further signals on the Fed’s rate cut path. Therefore, the focus remains on the release of the FOMC meeting minutes on Wednesday and Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium.
Technical Analysis
From a technical perspective, Friday’s breakout above the $2,470-2,472 horizontal barrier and subsequent strength above the previous all-time high is seen as a fresh impetus for bullish traders. Furthermore, the oscillators on the daily chart are holding in positive territory and are still far from overbought territory, suggesting that the path of least resistance for Gold prices is to the upside. That said, the failure to build momentum above the psychological $2,500 mark warrants some caution for the bulls. Therefore, it would be prudent to wait for some follow-through buying above Friday’s time-allowed top, around the $2,509-2,510 region, before positioning for any further gains.
On the other hand, the $2,472-2,470 resistance level currently seems to protect the immediate decline. Any further decline is likely to attract fresh buyers and remain limited in the $2,448-2,446 zone. The latter will act as a key pivot for short-term traders, a decisive break of which will open the way for deeper losses.
Resistance: 2509 - 2519 - 2533
Support: 2495 - 2488 - 2475 - 2470
SELL scalp price zone 2508 - 2510 stoploss 2514
SELL price zone 2532 - 2534 stoploss 2538
BUY price zone 2477 - 2375 stoploss 2471
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2506 2505.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum
Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
Gold may trade sideways at the end of the week☘️Fundamental Analysis
Gold prices are struggling to capitalize on the previous day's positive move and are hovering between modest gains heading into Friday's European session. Upbeat US macro data on Thursday eased fears of a sharp slowdown in the world's largest economy and boosted investor confidence, undermining demand for the safe-haven metal. However, rising geopolitical tensions in the Middle East, coupled with bets on the imminent start of the Federal Reserve's (Fed) policy easing cycle, supported XAU/USD.
In fact, the market has fully priced in a 25 basis point (bps) interest rate cut at the upcoming FOMC policy meeting in September. This prospect, in turn, triggered a fresh decline in US Treasury yields and attracted fresh sellers around the US Dollar (USD), which turned out to be another factor acting as a bullish driver for Gold
☘️Technical Analysis
From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillators holding in positive territory, Gold could then aim to break above the all-time highs, around the $2,483-$2,484 zone hit in July, and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move.
On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400.
Resistance: 2475 - 2488 - 2500 -2509
Support: 2438 - 2333 - 2426 - 2421
Price ranges to note:
SELL zone 2473 - 2475 stoploss 2479
SELL zone 2498 - 2500 stoploss 2504
BUY zone 2438 - 2436 stoploss 2432
BUY zone 2426 - 2324 stoploss 2420
GBPUSD analysis week 34Fundamental Analysis
The British pound (GBP) outperformed its major peers in New York trading on Friday. The British currency gained significantly as the UK Office for National Statistics (ONS) reported that retail sales rebounded in July, as expected, after a sharp decline in June.
Retail sales are a key gauge of consumer spending. Strong consumer demand tends to drive inflationary pressures in the economy, so the data could dampen expectations that the Bank of England (BoE) will opt to cut interest rates again in September.
The BoE's next monetary policy meeting in September could also be a tough call. UK service sector inflation fell sharply in July as wage growth slowed. However, the latest labor market data also showed a surprising drop in the Unemployment Rate and the economy is clearly on the path of expansion.
Technical Analysis
GBPUSD continues to trade in an ascending channel with the nearest support and resistance in the price range at 1.286 and 1.300 after posting a strong gain on Friday. On the H4 timeframe, the EMA 34 has crossed well above the EMA 89, indicating a strong bullish market structure, with the upside momentum heading towards last month’s high resistance around 1.304. On the other hand, any daily close below the 1.286 support would not confirm a bearish reversal. The pair needs to break the support level of 1.280 to really break the bullish structure on the current chart. RSI reaches the overbought level, indicating that the bullish momentum will continue in the early days of next week
Resistance: 1.300-1.304
Support: 1.286-1.280
Trading signal
SELL GBPUSD 1.303-1.305 SL 1.307
BUY GBPUSD 1.287-1.285 SL 1.283
SWING IDEA - VIP INDUSTRIESVIP Industries , a leading manufacturer of luggage and travel accessories, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
450-500 Strong Support Zone : The 450-500 level has been established as a strong support zone, providing a solid base for potential upward movement.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
Daily Candle Engulfed 7 Daily Candles : The recent daily candle has engulfed the previous 7 daily candles, demonstrating significant buying interest and a potential shift in trend.
Golden Fibonacci Zone : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Target - 575 // 660 // 715
Stoploss - weekly close below 445
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights