EURUSDEURUSD is trading in bearish expanding channel. As the price is heading lower the size of channel is expanding accordingly. currently the price has reached at very strong resistance area where the sellers show good strength in past.
this resistance area is also coincide with 38% Fib retracement, which is also a good confluence for sellers to attack.
Resistance_level
USOILUSOIL is been on enormous bull run. And now reached to daily resistance zone.
In past bears took benefits from this level multiple time and turn the trajectory of commodity.
Like in past , this time it is also looks like bears were waiting for this level again, as it can be seen from the chart that bullish momentum being fade out.
more ever bearish divergence also suggesting a control of bears is starting now.
USDJPYUSDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.
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🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence.
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📈 Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level.
📊 Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone.
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BTC/USDT 1HInterval reviewHello everyone, let's look at the BTC to USDT chart taking into account the timeframe of 1 hour. First, we will mark the local downtrend line under which the price is moving.
We will use the fib retracement tool to plot support and we see a support zone from $28996 to $28956, then there is a second zone from $28914 to $28854 and then strong support at $28779.
Now let's go from the resistance line, as you can see the first resistance is the zone from $29031 to $29108, if you manage to break it further we have the second zone from $29187 to $29296 and then strong resistance at $29438.
Looking at the CHOP indicator, we see that there is still energy for the current move, the RSI is at the lower limit, which in combination with the STOCH indicator on which we crossed the lower limit can give a local price increase..
Double bottom pattern Today stock or it call stock of the weak
*Berger paints India Ltd
Fundamental analysis
market cap 68451cr
PE ratio 79.5 this High value compare to 1, 5&10 years, lower compare to 3years PE
PEG ratio >1 to high
ROCE 23.8
ROE20.4
Dedt to equity 0.6
EPS 8.85
Technical analysis
Double bottom formation
Near at resistance level of the double bottom
Current level is main resistance 707and next resistance is 745
Can get 1:1 ratio of risk reward
Take 550 as a stop loss can get 1000+ 1:1.5 ratio risk reward
BTC/USDT check the description!Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved sideways from the local downtrend line.
When we unfold the trend based fib extension tool, we can mark the first support zone from $28998 to $28830, then we mark the second strong support zone from $2855 to $28357.
Looking the other way, we will check the resistance places in the same way and here we see that the first resistance is at $29254, then the second at $29475, the third at $29656 and the fourth strong resistance at $29831.
At this point, it is worth paying attention to the CHOP Index and the RSI indicator, because we can see that when we crossed the lower limit on the CHOP indicator and the upper limit on the RSI indicator, there was a strong change in the price trend.
EURAUDEURAUD is trading in bullish parallel channel and reached at channel resistance. Fortunately channel resistance and long term double top resistance coincide at same point, which attracting sells to take control. Will sellers took benefits from these confluences and push the price to lower side?
OP at resistanceAs shown in the chart,
OP is current at resistance, looking at the weekly time frame.
on the CSTP tool, it indicates that the current bullish move is not sustainable yet as long as the candle colours are white. when the candle change to blue then i will be expecting the Green projection, else, we continue down work.
#tradesmartly
USDJPY Bears Are ScreamingUSDJPY turned down exactly from 61,8% Fibo. resistance and after reaching equal wave length of waves W=Y of a complex correction. So, seems like bears are screaming and we should be aware of more weakness in upcoming days, especially if breaks below 139.10 region, just watch out for short-term pullbacks.
NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020
we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY
Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards
SP:SPX
NSE:NIFTY
Thanks a lot for reading...
BTC-USDT Short-Term 30M IntervalHello everyone, let's look at the BTC to USDT chart on a 30 minute time frame. As you can see, the price has moved sideways from the downtrend line.
After unfolding the trend based fib extension grid, we see that the first significant support is at $28,766, the second at $28,586, and then the third at $28,413.
Now let's move on to resistance and as you can see first we have a strong resistance zone from $29293 to $29413, then we have resistance at $29565 and then resistance at $30005.
The CHOP index indicates that the energy is rising, the MACD indicates that we are moving in an uptrend with room for further growth, and on the STOCH indicator we are approaching the upper limit, after crossing it, we can rebound the price.