USD/JPY reaches yearly highs around 150.50Hello dear friends.
As predicted by Karina, the upward momentum of UJ has not diminished, and this currency pair has already traded at a yearly high of 150.40 today.
The USD/JPY pair is showing strength due to improved yields on US Treasury bonds, supplemented by risk aversion stemming from political instability. The statement by Israeli Prime Minister Benjamin Netanyahu about preparing for a ground attack in Gaza.
On the chart analysis: After breaking the sideways trend last week, UJ will continue to rise, but it needs to retest the previous breakout level to officially establish the upward momentum. Furthermore, signals from the EMA line on the 12-hour chart continue to support this price increase.
Uptrend
99 pips to ignition... Please fasten your seatbelts...Gold on a bullish trend for next hours...
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AMBUSDT (AirDAO) Shows Promise with ABC Pattern⚪AMBUSDT is revealing clear indications of an uptrend, marked by higher highs and higher lows. Notably, recent price action appears to mirror an ABC corrective pattern, drawing on the Elliott Wave theory. The reassuring bounce off the 161.8% Fibonacci support level that took place a few days ago is a positive sign.
⚪However, our attention should also gravitate towards the most recent high where price encountered resistance at the uptrend trendline. All things considered, the odds seem to favor the continuation of this uptrend, provided the price maintains its position above the key demand zone. For the bullish scenario to hold, it's crucial that daily closing prices stay above the latest Fibonacci support.
⚪Concerning resistance levels, our focus is on Fibonacci retracement markers, particularly the 38.2%, 61.8%, and 78.6%. Should the price experience a slight dip, it could present a compelling risk-reward proposition, potentially leading us to open a long position. In the event such an opportunity arises, we'll promptly share the AMBUSDT trade setup in our channel. Stay tuned! 🚀📈
ZOMATO - Golden Cross Possible upside of 30%NSE:ZOMATO
After a year of downtrend, Golden crossover has formed indicating possible long upside for 3 to 6 months.
Highly possible that if the market give good rally then the share would break previous high (Rs. 168).
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
Jai Corp at reversal point and continue the positive uptrendJAI CORP
Have been closely following this stock in past. It has given a good breakout from previous resistance level and could possibly continue the uptrend in future.
Currently, showing some reversal signs as the price is at it's previous resistance level back again. Could consolidate for some days before reversing for upside.
if the market stays stable, My target for this stock is Rs.300 by anywhere in the year 2024.
It's losing itOh Bitcoin, apparently is forming a HS and getting ready to test the 20K level that matches with the long term uptrend line. But what I learned about this market is that usually does something different than expected. I think is going to make another push to the upside to 28 or 30K levels and then pull back to the 26K support (neckline). I don't think Bitcoin is going to crash but I expect another test to the uptrend line within a few weeks.
Dont Breath !! (BTC Analysis)Following the previous analysis regarding Bitcoin digital currency and the current countdown for its fall to lower limits, it seems that after the US Securities and Exchange Commission approves Gary Scale's application for ETF funds, we can witness the stabilization of the price of Bitcoin in Be above the $25,000 level and be above this range at the same time as the monthly candle closes. In such a way that even the delay in the approval of the funds of other organizations, which led to the severe correction of Bitcoin and the downward trend of the market, could not penetrate to the bottom of this range.
As mentioned earlier, the $25,000 range in the last 1 year was able to gain a lot of credibility in collecting liquidity from oversold and breaking above it.
In the previous analysis, it was discussed that if the range of $25,000 breaks, we will see bitcoin fall to the areas of 22,000 and 16,500, but if we want to look into the issue in more detail, we will find that if the goal of the trend is to break this area, then for Areas deeper than the mentioned ranges, such as the range between 12,000 and 10,500 dollars, can happen.
CRUDE OIL Wait For Breakout! Buy!
Hello,Traders!
CRUDE OIL is trading in
An uptrend and has made
A bullish rebound from the
Rising support so IF we
See a breakout of the
Horizontal resistance level
Of 88$ then I think Oil
Will go further up
Buy!
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📝 $USDJPY: Watch Potential Breakout and Bounce From Trendline👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍
Scenario 1: Bullish Breakout
Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch (now) and break into resistance for a confirmed breakout. If bulls come in here, they'll reclaim the resistance as support and continue higher. That's the ideal move. A safe trader would buy on break of resistance ONLY AFTER resistance becomes support. Here's a visual:
Scenario 2: Bearish Rejection
Many traders will like to think that this was a bearish rejection on the 4th touch of TL and they hopped in to short it. But wait. Not so fast - that can be a bearish fakeout. Need to be careful here and wait for proper confirmation, which would look something like this:
First, the blue trend gets broken. Next, the resistance holds up well for a violent breakdown. You can start shorting on a lower high after that.
You can play both sides, as long as you wait for confirmation.
Waiting for confirmation is difficult in a fast-paced trading environment. You want to jump on a trade, make some pips right away, and log off. It doesn't work like that. Patience pays off. Wait for confirmation and take safer trades.
Always check the shorter timeframe for the best entry and for trend confirmation!
If you see the wick of the last candle, it bounced PERFECTLY on the high wick from before. Also, what's great is that it confirmed a fakeout under the trendline on a strong, bullish, high-volume candle.
As I always tell my followers, go LIGHT on your trades. Baby gains add up! When you refine your strategy or hit 100 green trades, start making heavier trades.
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AMD Technical analysis - Repeating trend?It looks like currently we're facing two resistances, if trend repeats as the previous one we could enter to another uptrend.
I have pointed out what could be a good entry point after pass both of them as well as possible take profit points based on Fibonacci Extension.
Any feedback is very welcome.
Regards.
Disclaimer: This is not investment advice and is intended for informational purposes only.