Long-Term Trend Analysis Since its IPO, Avanza has demonstrated a clear uptrend, consistently forming higher highs and higher lows, reflecting a strong bullish sentiment over the long term. Recent Price Action (Weekly Timeframe) On the weekly timeframe, a triangle pattern emerged, which has recently broken out. The price then retraced, suggesting a...
NSE:CANFINHOME trade at 880. Support is at 800. Resistance at 930. You can watch it after breakout as a next resistance at 1100-1150
Technical Confluences: Price is at Overbought conditions Daily timeframe Price action is close to a resistance trendline and entering an Interest Zone Fundamental Confluences: Very similar to the OANDA:NZDUSD posting I did, all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against...
Gold market fundamentals: Yesterday's CPI data adjusted the market's expectations for the Fed's September rate cut, from 50 basis points to 25 basis points (bad for gold) The ceasefire negotiations between Israel and Hamas will be held in Doha, which will have an important impact on the situation in the Middle East (bad for gold) Although the Ukrainian army's...
tried to break resistance multiple times and failed. think we go lower to the support, fill those wicks and then make the next move. lets see where we get to.
Gold Market Fundamentals: Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to...
Gold market fundamentals: OANDA:XAUUSD The weak employment report prompted the market to expect a rate cut of nearly 105 basis points by the end of the year, with a 100% chance of a rate cut in September. This expectation has given gold some support, as rate cuts usually reduce the opportunity cost of holding gold. However, with the rise of the US dollar index...
Technical Confluences for Trade: - Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines Suggested Trade: Entry @ Area of Interest 1.9270 - 1.9380 SL @ 1.9503 TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level...
- just a quick post to show u something. - As always everything is in the graphic. - Now look at Japan Index closely. - So a quick crash happened but look where Nikkei Bounced. - i always speak in my posts that : - " Supports are always turning to resistances ". - " Resistances are always turning as supports ". - Here you have a perfect exemple with...
Chart 1: 4-Hour Timeframe Trend Analysis: The chart shows a clear upward trend, forming higher highs and higher lows. A wedge pattern is visible with converging trend lines indicating a potential breakout scenario. Key Levels: Support: Around 2348.248 (4hr LQZ). Resistance: Approximately 2412.240. Major Resistance: The upper trendline around 2480. Recent Price...
Price recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line, suggesting strong bullish momentum. Price then pushed up and reached the daily...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well - Targeting the 38% Fibo retracement for...
Since topping at ¥156.77 on 14 May, short-term price action on the H1 chart for the USD/JPY has exhibited a downside bias. Of late, as you can see, recent flow chalked up a pullback from a low of ¥153.60 and has initiated the process of forming the D-leg of an ‘alternate’ AB=CD bearish formation at ¥154.95 (marked by a 1.618% Fibonacci projection ratio). The...
INJUSDT is on the verge of a critical juncture, approaching its all-time high of $43.35 on the daily chart. The price has been consolidating recently, attempting to break above this resistance level four times. Technical Analysis: Resistance: $43.35 (All-Time High) Support: $32.23 Relative Strength Index (RSI): Supported at 50 Volume: Increasing...
The cryptocurrency Next is on the verge of breaking its all-time high (ATH) of $0.41390 on the weekly chart. If the price breaks above this resistance level, it could signal further gains for the token. However, if the price fails to break through this level, it could find support at $0.34618, the next key level is $0.31143. Technical Analysis: ...
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403. This week there are some important news events for the USD. These include: The US Federal Reserve interest rate decision The US non-farm payrolls report The US trade balance report These events could have a...
📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year. 🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback. 🚀The ascending channel...
On 15 Min Timeframe, FINNIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Finnifty. Breakdown Move - Confirmation for breakdown will be if Finnifty starts trading and sustain below 21450 level - Downside rally nearly 300 points expected in case of breakdown - Intermediate support expected near 21250- level - Short...