EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔼 WTI 🔽 The Reserve Bank of Australia has just increased its interest rate by 25 basis points to 3.1%, aligning with market estimates. Meanwhile, Australia recorded 0.6% quarterly growth for its GDP, slightly lower than the projected 0.7%, and AUD/USD suffered minor losses at 0.6692. As the Federal Reserve...
Looking at the H4 chart, my overall bias for GRAB is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 2.89, where the 38.2% and 50% Fibonacci line is. Stop loss will be at 2.52, where the previous low and 23.6% Fibonacci line is. Take profit will be at 3.68, where the 78.6% Fibonacci line and...
On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy entry at 3907.07, where the 50% Fibonacci line is. Stop loss will be at 3806.91, where the 38.2% Fibonacci line is. Take profit will be at 4097.29, slightly below where the 78.6% Fibonacci line...
I'm going out on a limb again, only because it motivates me to stretch the limits of my analytical skills. As I was perusing my watch list last week, I noticed that AMD seems to have reached a support level of 56. I've zoomed out on the daily chart to show you the huge downtrend AMD has been following for the past 12 months. If the price continues to oscillate...
Is this the beginning of a bigger move down? or a dip? Rejected off of the Larger downward trendline. Broke down out of the upward trendline. Broke the proposed wave 4. At an important level here to keep an eye on. It as flipped back and forth from support to resistance, then willy wonka'd and reversed it from resistance to support. SO watching 3910 area to see...
Hello,Traders! AMAZON is falling down But the stock is about to retest The horizontal support from where We are likely to see a rebound Towards the target above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Now that we've retested the neckline of our H&S which intersects perfectly with the 200 day moving average, the dollar will have found permission from the bulls, who will give up here, to continue it's descent. Follow the VIX in correlation with this downward trend and we will begin to observe still more bullish activity in the stock market. Should the moves be...
NALCAST - Rounding bottom Look at this gap This is probably the strongest Gap up that one can locate in a stock. The stock has potential to give multi fold returns here.
-price inside pivot point 4hr demand -Price above 200MA -looking fro buys -a lot of retail traders have this area on the chart so I would be a little concerned about that and could see price go below. + price has been going nowhere but up for 45 days so a pullback is healthy. -Need to see lower timeframe confirmation.
Alibaba - Short Term - We look to Buy at 87.66 (stop at 79.09) Broken out of the wedge formation to the upside. Broken out of the Head and Shoulders formation to the upside. Neckline support is 85.91. The formation has a measured move target of 113.48. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.66, resulting...
Bias: Bullish Grinder Top Watches: Long - GTLB, SUMO, FREY, UAL. Short - NRG, SI, MRTX, GS Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning! Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52) 175 continues to hold back the bulls. Broken out of the Head and Shoulders formation to the upside. The primary trend remains bearish. Bespoke resistance is located at 173. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance could...
Today I bought some put options on Exxon (before rate hike announcement). Some may say its to late to get in on this play but I believe Exxon will drop to $106 minimum. There are multiple lower targets such as $101.5, .5 fib, GP and bottom of the P channel (mid-long term). LMK what you think!
Fundamentals: Indian Railway Finance Corporation (IRFC) is a wholly owned subsidiary of the Indian Railways. It raises financial resources for expansion and running through capital markets and other borrowings. IRFC started borrowing from the market in 1987–88. Indian Railway Finance Corp (NS:INID) (IRFC) was set up on 12th December 1986 as the dedicated...
The decline in the S&P 500 has been in progress since the start 2022, and is technically still in a decline until indicators prove otherwise. We can see a consistent pattern of lower lows and lower highs, but early signs show that a support level may have disrupted this pattern. In early October 2022, price hit the weekly 200 simple moving average which is...
Will it pull up the AdvisorShares Psychedelics ETF? Strength in the #Biotech sector would also be a friendly situation. here are the top holdings: CMPS COMPASS PATHWAYS PLC 13.12% ATAI ATAI LIFE SCIENCES NV 9.73% CYBN CYBIN INC 7.97% SEEL SEELOS THERAPEUTICS INC 6.90% ITCI INTRA-CELLULAR THERAPIES INC 6.44% HUGE FSD PHARMA INC-CLASS B 5.82% SAGE SAGE...
BOM CMP 28.45 Looks bullish for new high Swing/Positional SL below 25
Indian Hotels CMP 327 Bullish above 329 SL 300 Target 350++ above 350 New high Swing trading : 1-3 months