Despite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday. Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level. Previously, NASDAQ printed triple bottom around 10650 where the...
GBPUSD | BULLS READY TO CHARGE GBPUSD is currently standing at the top of short term bearish parallel channel. The price is expected to move in the upward direction as daily and weekly timeframe suggesting strong bullish momentum. We are looking to buy on dip this week as risk rewards ratios become very good. A break of 1.19260 (support level) will bring more...
S&P #SPX is retesting its major breakout level (Falling trendline). We are waiting for strong bullish candle in here as this level hold multiple confluence 1. EMA100 resides here 2. Test of Major falling trendline 3. Test of Tentative rising trendline (dotted) A successful retest means S&P is gearing for new higher high (4120 and 4300). A failure will bring it...
DXY is after being in pressure from 114 level, made the bottom and break from short term falling resistance. Can we say it has changed its trend? Its too early to say trend reversal. We are eying for Lower high to form and from 200EMA. Lets see how the levels play
GOLD #XAUUSD looks like has found support after falling from 1950 area by establishing bearish divergence. Why this is a good support? 1. 100DEMA resides at 1818. This EMA has been reactive in the past. 2. 38% Fib of the last swing high resides at 1829 3. Horizontal Support area seems to be an important one. If bulls manages to take support from here; we will...
NASDAQ after testing 12900 resistance zone is heading back to retest its breakout level of 12150 where 200EMA also resides. Bulls need to show respect and strong reaction on this level to continue its upward journey. Failure to sustain will call for more bearish spell #Nasdaq #Tradingview
DXY has once again approached to its horizontal support of 109 - 109.5 where bulls try to make a comeback. This time around, we have confluence of bearish channel bottom, rising support and 100ema. If bulls manage to rise from here; we might see bull flag pattern in play
DASHUSDT has been holding horizontal level of 39 for a very long time now. We have seen 5 attempts but bears are unable to break it. We expect price to break from here now. The only thing required is breakout from falling resistance and RSI should break above neutral zone. How do you see DASH in coming days?
EURUSD is approaching to its horizontal resistance of 0.98800 where bears once again show some powers. The dominent trend is bearish as clearily defined by bearish parallel channel. EMA55 is also the dynamic resistance for the EURUSD. For bulls, the rising support is added advantage as price is respecting and making higher lows in shorter timeframe. What do...
EURUSD had been trading in a bullish trend, making higher highs and higher lows. Recently it broke the rising trendline support and trade below it. Currently the pair is forming an harmonic ABCD pattern which complete around 0.97700 where buyers must active their positions. Failure to give any bullish sign on mentioned zone, will continue downside momentum and...
Nasdaq (NDx) has been trapping retail investor for multiple time in the past. Case01: In Nov'21 the benchmark index holding 15530 key level of support and with 3rd time, it marked a low at 15162 and retail investor thought "THIS IS A BEAR TRAP" and our stoplosses got it and market is going up. "LET'S LONG" and we saw market going down by 18% Case02: In...
GOLD - The Yellow Metal The precious metal has broken the all important support of $1680 after more than 2 years. On the bigger picture, we have seen forming a cup & handle pattern and was predicting a breakout above Covid high will bring it to $4000 to $5000. However, the pattern failed badly and yellow metal formed a double top at $2070 instead. Trendwise,...
World's Equity Market trumple as Fed continue to raise interest rate and there is no hope to cut the rate in near sight. DXY is the only winner since the second half of the 2021. Oil price moves more downside as recession fear grow and we might have entered in recession way before. This is the analysis of S&P500 which is the major benchmark for the performance...
LITECOINS has broken its bullish trend by the break of rising trendline which is now acting as a resistance. We have identified multiple support level. 1. For Litecoin to continue its downward journey, it must break the horizontal support of 51-52 where recently we saw undercut. 2. The next possible support comes at 46 which can be set as a target for short...
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USDCAD | BEARISH REVERSAL USDCAD has formed a short term top at 1.33084 where daily closing gives a rejection candle indicating a bearish reversal sign. On the shorter timeframe, the USDCAD has shown multiple bearish sign which gives weight for further downside atleast for short term (if not reversal) 1. Formation on Head and Shoulder Pattern Head n Shoulder...