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Anand Rathi Wealth Ltd Positional Trade Anand Rathi Wealth Ltd is showing a bullish setup with a cup formation on the daily chart. The price has recently broken above a crucial resistance level of 4,286, indicating strong buying interest. With the RSI climbing towards 70, momentum supports further upside potential. A sustained move above 4,297 could propel the stock to higher levels, targeting 4,500 or more in the near term. Stop-loss can be placed below 4,000 for risk management. This setup offers a favorable risk-to-reward ratio for positional traders.
NSE:ANANDRATHILong
by RajputAmarjit
DXY Will Move Higher! Buy! Here is our detailed technical review for DXY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 103.533. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.703 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
GOLD Is Bullish! Long! Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,708.707. The above observations make me that the market will inevitably achieve 2,867.874 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
1
EURUSD Is Very Bearish! Sell! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.086. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.084 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD Will Go Up From Support! Buy! Here is our detailed technical review for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.298. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.302 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario. Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair. From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD. ✅ Please share your thoughts about NZD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/SGD Tests and Rejects Key Demand Area, Bullish Sentiment.Over the past three days, the NZD/SGD pair has retested a previous demand area and shown a clear rejection, signaling potential buying interest at this level. The Commitment of Traders (COT) report adds weight to this scenario, revealing that retail traders remain predominantly short, while "Smart Money"—institutional investors—are beginning to edge higher in their positioning. Large speculators have already turned bullish, reflecting a growing confidence in the New Zealand Dollar (NZD) relative to the Singapore Dollar (SGD). This shift in sentiment could set the stage for a possible long setup, particularly as seasonal trends suggest further upside potential for NZD/SGD. From a technical perspective, the rejection of the demand zone, combined with the bullish shift in institutional positioning, points to a potential upward move. Traders will be closely monitoring price action in the coming days for confirmation of a breakout, which could present an opportunity to enter long positions in alignment with the emerging bullish sentiment. ✅ Please share your thoughts about NZD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/USD Attracts Modest Buying on Friday Amid USD WeaknessThe NZD/USD pair has attracted some buying interest for the second consecutive day on Friday, driven by a modest weakening of the US Dollar (USD). However, the upside momentum lacks strong bullish conviction as the pair continues to hover around the 0.6071 level, close to the one-month low touched earlier this week. Despite the rebound, market sentiment surrounding the pair remains cautious, with traders awaiting further cues from both global economic developments and key technical indicators. US Dollar Weakness Offers Relief The primary driver behind the modest gains in NZD/USD has been the slight pullback in the US Dollar. The greenback has recently shown signs of weakening after a strong rally in previous weeks, largely supported by robust US economic data and hawkish expectations around the Federal Reserve's monetary policy. The recent downtick in the USD has provided some breathing room for risk-sensitive currencies like the New Zealand Dollar, allowing for a temporary recovery in the pair. Technical Outlook: Demand Zone Holds Firm From a technical perspective, the NZD/USD pair appears to have rejected a significant demand zone, suggesting that there is support for the pair at current levels. This demand area has seen increased buying interest, particularly as retail traders remain extremely short on the pair. In contrast, smart money – typically institutional investors with deeper market insights – has started to build long positions, signaling a potential shift in market sentiment. The rejection of the demand zone and the presence of long positions from smart money traders suggest that the NZD/USD pair could be poised for further gains. This technical setup aligns with the broader seasonality patterns that indicate a potential uptrend in the coming weeks. Seasonality and Market Sentiment: Bullish Signs Ahead? Seasonality data, which tracks historical patterns in currency movements, shows a potential uptrend for the NZD/USD pair. This is supported by the current market positioning, where retail traders are overwhelmingly short, creating a contrarian signal for a potential rally. Smart money's shift towards building long positions adds weight to the argument that the pair may be headed for a sustained move higher. Given these factors, we have decided to open a long position on NZD/USD, taking advantage of the technical setup, smart money movements, and favorable seasonality trends. While the overall market sentiment remains cautious, the combination of these signals offers a compelling case for a potential bullish move in the near term. Conclusion: A Cautious Bullish Outlook While the NZD/USD pair has attracted modest buying on the back of USD weakness, the bullish conviction remains limited for now. However, the rejection of a key demand area, coupled with the increasing long positions from smart money and favorable seasonality patterns, suggests that the pair could see further upside in the days ahead. As always, traders should remain cautious and monitor upcoming economic data releases and market developments that could influence the pair's direction. Nonetheless, the technical and fundamental setup currently points to a potential opportunity for upside gains, and we are positioned accordingly with a long trade. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GBPUSD Daily Bias (18th Oct. 2024)It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today. Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA. We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside. We'll keep our arms folded as we await today's delivery. GLGT!!! LloydFx, Trade Monastery.
Short
by LloydFX
2
World gold prices reached record levelsWorld gold prices hit record levels as uncertainties surrounding the US presidential election and geopolitical conflicts in the Middle East sent investors looking for safe haven assets. Along with that, the loose monetary policy environment continues to keep gold prices at high levels. Gold has seen gains of more than 30% this year, surpassing record levels, boosted by expectations the Federal Reserve will cut interest rates further after a 0.5% cut. % points interest rates last month and ongoing geopolitical uncertainties. USD-Index - a measure of the strength of the greenback with a basket of major currencies - currently reaches 103.7 points, down 0.05% compared to before. 💎 TVC:GOLD sell 2710 - 2712💎 ✔️TP1: 2690 ✔️TP2: 2680 ✔️TP3: OPEN 🚫SL: 2720 💎 TVC:GOLD buy 2690 - 2692💎 ✔️TP1: 2710 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2683
TVC:GOLDShort
by TheLeader_WOLF