spranav

spranav

Signal: RSI MA Cross This pair is trading just below the monthly central pivot; if it closes above it, it should rise to at least the monthly R1. Profit Target: Monthly R1, about 325 pips Stop Loss: If the price closes below the monthly M2, about 125 pips.

spranav

In the past, NVIDIA stock price action followed its own rules; however, if it followed the technical analysis rules, I think it might go down to $78, which is also the monthly S2.

spranav

Technical Analysis: EURUSD is trading just above the monthly pivot; it is also a significant level or previous area of resistance. I think it might go up around 300 pips from here or it will go down about 90 pips to touch another previous resistance and monthly m2 and then continue going up. Fundamentals: - If the Fed cuts interest rates, the USD should...

spranav

EURUSD is expected to touch the central pivot point and then move upwards.

spranav

The AUDUSD daily time frame gives very good BUY SELL signals using the 8, 21 EMA Cross, Pivot, and RSI MA Cross. Signal: RSI MA Cross Confirmation: The 8, 21 EMA Cross should confirm in the next few candles

spranav

The GBPUSD daily time frame gives very good BUY SELL signals using the 8, 21 EMA Cross, Pivot, and RSI MA Cross. This trade considers support and resistance using the Pivot Points, take profit, and stop loss.

spranav

If NVDA breaks current resistance level, expect a pull back before it goes higher, the pullback might be a good place to buy. If it can't break the resistance level, then expect it to go down towards the bottom of the box.

spranav Updated 

I am surprised and not sure but the technical pattern on NVIDIA is very very clear, it has formed a perfect Head & Shoulder Pattern. As per H&S Pattern the price target is around $314. This does not seem to be true if you look at fundamentals, they are fully sold out for their high end GPUs for this year. But you never know, the technical pattern includes all...

spranav

If the price of crude oil respects weekly pivot points, there is a high probability that it will form a head and shoulder pattern in next few days. If confirmed the target will be around $80 or below

spranav

In past couple of weeks and months there were so many divergences in daily chart of SPX500, one of them is in progress and at the resistance. If the volumes spikes that will be the confirmation of downward movement of SPX500 for couple of days.

spranav Updated 

Copper is in downtrend from the high of March-07-2022, as per elliott wave analysis the copper seems to be in (corrective) 4th wave. If my analysis and wave counts holds good, then the 4th wave should end below the low of wave 1 which is "4.0346". The 4th wave should clearly show the ABC corrective pattern. The trade idea is to SHORT COPPER in the 5th wave, there...

spranav Updated 

As per Elliott wave analysis Crude Oil WTI Futures is in 4th wave, expect it to reverse and go down to $87 area marked in red circle.

spranav

USDINR is in its 5th wave as per my Elliott wave analysis. Wave#3 was extended, so the wave 1 should be = wave 5, with this assumptions I think the USDINR will go upto 81.80 are before deciding further direction.

spranav

If copper price action respects my Elliott wave count in daily timeframe, expect the 5th wave to start sometime sooner. Please refer to my previous analysis of copper in 60 min time frame. Looking at Elliott wave counts, wave#3 was greater than wave#1, so I am expecting wave#5 to be at least equal to wave#1 (see the vertical yellow bars), based on this assumption...

spranav Updated 

Copper is an indicator of world economy, during recession period it goes down along with the stock market. Copper peaked in last few days while the stock market around the world was falling or extremely volatile. However in 2 Days time frame it does clearly shows a pin bar which was a Lower High in series of Lower Lows and Lower Highs. I think copper may continue...

spranav Updated 

Copper weekly chart show it is about to break upper trend line. There are many factors affecting copper price but technically it is going up towards $5.x

spranav Updated 

Russell 2000 is showing a text book example of Up Trend followed by Sideways move and then down trend. It has broken the range and going down. But S&P500 is still sideways, not yet broken the sideway support. So two indices are not in sync. Let us wait to see if S&P breaks supports and follows the Russell 2000 or continues to go sideways?

spranav Updated 

Copper Futures HGU2021 H1 chart shows series of LOWER HIGHS + LOWER LOWS from July 26 2021. Contrarary to fundamentals (strike in copper mine would create shortage in supply, etc) the technical analysis shows there is a room for some more down side towards 4.285. The downtrend would end if the price trades above previous HIGHER HIGH.