UNION BANK 1D TFNSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Weeklymarketsanalysis
PNB 1D TFIn the previous post we saw that NSE:PNB has been for a resistance zone, now the zone has been broken out and the stock is running in profit.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MOTHERSON 1D TFNSE:MOTHERSON has formed a inverted flag and pole pattern. Once it breaks out with good volume and strong candle the stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFAs discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JSW STEEL 1D TFNSE:JSWSTEEL has formed a triangular pattern and is breaking it now. The stock can be traded if there is strong volume and a bullish candle and a Risk reward ratio of 1:1.5 can be made from this trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BANKBARODA 1D TFIn the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PNB 1D TFNSE:PNB has formed a small resistance zone in 1D TF. The chart though is in downtrend has formed a resistance zone which can be used in near future. This stock can be traded with multiple confirmations.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Weekly Market Wrap With Gary Thomson: 25 - 29 NovemberWeekly Market Wrap With Gary Thomson: SP500, US Dollar, Brent Crude Oil, Black Friday
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- S&P 500 Index Hits a New Record
- Dollar Declines Following Weak Macroeconomic Data
- Brent Crude Oil Consolidates Ahead of OPEC+ Meeting
- How Black Friday Could Impact the Stock Market in 2024
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Weekly Forex Forecast Nov. 25-28th: GOLD Resumes Bullish Trend.After three bearish Weekly candles, safehaven seekers pushed the prices past the previous weekly high with a strong close. Will this continue next week? I suspect it will. The Monthly and Weekly TFs show bullishness, and indicate the bearishness was short term.
That said, I am prepared to sell if the entry function presents itself at the current -FVG price is contacting. This price level is in the premium of the trading range, making it a great area to look for a short. But it is counter-trend, so a reasonable profit target is in order.
Check the comments section below for updates regarding this analysis throughout the week.
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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BPCL 1D TFNSE:BPCL has been playing near a support zone and has broken it and is moving downward. But now if we see a little bit into the past we can see a long wick which represents the power of sellers at that point. So going into this trade is little bit risky. If you want to trade this setup kindly use multiple confluences. Do share the confirmations you are looking to trade this setup in the comment section
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Lingrid | GOLD Weekly Market OUTLOOKOANDA:XAUUSD market has been in the bearish trend since the completion of the election. On the daily time frame, we have seen a clear break and a close below the previous support level at 2603, indicating a potential shift in market. However, I anticipate that the market will move sideways for the time being, unless it breaks through the 2470 support area. On Friday, the market rebounded from the 2550 support level, creating a false breakout. This resulted in a long-tailed bar, signaling a rejection at that level.
Looking at the monthly time frame, the price is now approaching the August high, which could serve as significant support. Meanwhile, on the 4H timeframe, price action has formed an ABCD pattern. Typically, after this pattern completes, markets tend to pull back.
Currently, on the daily time frame, the price is slowing as it nears the 2530 support area below. It's worth noting that the market struggled to break this level for over two weeks in August, indicating its importance. Overall, I expect the price to at least bounce back from these zones in the short term unless further price action shows otherwise.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels.
One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone.
An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback.
Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 .
Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
Weekly Market Wrap With Gary Thomson: 28 October - 1 NovemberWeekly Market Wrap With Gary Thomson: NASDAQ 100, US Dollar, GOOGLE, MSFT Shares Price
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- NASDAQ 100 CONSOLIDATES AHEAD OF MAJOR MARKET LEADER EARNINGS REPORT
- DOLLAR CONTINUES AGGRESSIVE RISE AHEAD OF U.S. ELECTIONS
- ALPHABET INC. (GOOGL) SHARES RISE TO $180 FOLLOWING EARNINGS REPORT
- MICROSOFT (MSFT) SHARES DECLINE DESPITE STRONG EARNINGS REPORT
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Weekly Market Wrap With Gary Thomson: 14 - 18 OctoberWeekly Market Wrap With Gary Thomson: GBP, EUR, Natural Gas and NVIDIA (NVDA) Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
— Pound Falls After Inflation Report
— Euro Tests Key Support Levels Ahead of ECB Meeting
— Natural Gas Price Drops Over 8% Since the Start of the Month
— NVIDIA (NVDA) Shares Fall Over 4%, Missing a Record High
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
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XAU/USD 21-25 October 2024 Weekly AnalysisWeekly analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation.
The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line.
Price has continued to rise, bringing CHoCH positioning significantly closer to analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions.
Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materialising.
The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has been brought significantly closer to current price action.
The bearish CHoCH level is denoted by a blue dotted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Since the last analysis, due to illness, price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
Weekly $SPY OptionsAMEX:SPY
Last week our $568 Calls ran over 130%. Here's what we are watching this week. Confirmations are 15-30 minute candle closes above (calls) or below (puts) our pivot.
Range we are watching: $581-$585 (Pivot: $583.50)
Bullish Scenario: $585 Call 10/28
Entry: 15-30 minute confirmation CLOSE ABOVE $583.50
Target: $585
Bearish Scenario: $582 Put 10/28
Entry: 15-30 minute confirmation CLOSE BELOW $583.50
Target: $580.90, $578, $574
Weekly Market Wrap With Gary Thomson: 7 - 11 OctoberWeekly Market Wrap With Gary Thomson: Hang Seng Index, XAU/USD, Microsoft and Netflix Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- Hang Seng Index (HSI) Drops Nearly 10% Today
- Analysis of XAU/USD: Gold Price Drops to a Two-Week Low
- Microsoft (MSFT) Shares Drop Over 3% This Month
- The Netflix (NFLX) Share Price Has Reached an All-Time High
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Weekly Market Wrap With Gary Thomson: Sept 30 - Oct 4Weekly Market Wrap With Gary Thomson: Brent Crude Oil, GBP/CAD, US Dollar, Lockheed Martin Stock
Welcome to the 100th edition of our Weekly Market Wrap video series!
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
– XBR/USD Analysis: Brent Oil Price Soars After Attack on Israel
– Analysis of GBP/CAD: Price Falls Below 1.800 Level
– Dollar Strengthens Ahead of Employment Data Release
– Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
#marketwrap #marketanalysis #forexmarketanalysis #stockmarketanalysis
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EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D