The Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the...
It seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high. If this specified resistance area is not completely consumed, we expect a downward trend and the bullish...
gold price dumped in big way on strong nfp number but price mostly came down before news but still you can't ignore 4% ur after long time you have declining trend line tested 5 time while rising rsi price have not even tested 2300 psychology level but sentiment are bad for gold right white first cut shift post election overall white trend line is your big...
Hi guys For now, the trend is fluctuating between the two ranges. If the support area of $3.0488 is completely consumed, the possibility of the continuation of the downward trend and the touching of the medium-term uptrend line will be strengthened. At the moment, it seems that the weight of the downside scenario is more. What do you think?
In this analysis we are focusing on 4H time frame for DXY. Currently price is moving near the support area. Now we look how market price will react in this support area. I'm looking a potential buy today, on the top of the chart we have unmitigated bearish OB. let's delve deeper into these levels and potential out comes. This is just my prediction before any...
The shareholding pattern of a company refers to the distribution of its ownership among different categories of investors, including promoters, Foreign Institutional Investors (FII), Domestic Institutional Investors (DII), and the general public. The ideal shareholding pattern can vary depending on the nature of the company, industry dynamics, and regulatory...
Hi guys Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend. The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
🔍LDO is nearing important support and resistance levels. Here's an analysis to help you navigate potential trading opportunities. 📆Coin of the Day: LDO (Lido DAO) About the Project Lido DAO is a decentralized autonomous organization that provides liquid staking services for various proof-of-stake blockchains. 🧩Technical Analysis 4-Hour Timeframe This analysis is...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...
💥Gold is trading around 2336. Gold prices managed to hold above multi-week lows touched on Monday. The Fed's interest rate cut bet will limit the USD's recovery efforts and support the metal. Traders are now eyeing the US ADP report and ISM Services PMI for fresh impetus. 💥The market is currently waiting for the US jobs report for May, which will be released this...
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. -...
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
Last week marked some of the most unclear price action we've seen. Starting on Tuesday, sellers gradually took control from buyers, but most of the action occurred during extended hours (meaning on VERY low volume). On Friday, sellers finally acted during regular trading hours and attacked the market right from the open. However, it seems buyers were only...
Good Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long...
Gold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing...
🔍Bitcoin (BTC) is approaching a crucial supply zone. Here's an in-depth analysis to guide your trading decisions. 📆Coin of the Day: BTC (Bitcoin) Bitcoin is the pioneering cryptocurrency, known for its decentralized nature and wide acceptance as a store of value and medium of exchange. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on futures...
Okay, This one was requested by @sanketkumbhar88 : Here is all you need to know about NSE:AFFLE : - Affle has been in a volatile 400-point range since 2021 - Currently, It is forming a Descending Triangle formation taking exact rejections from the resistance trendline - We have a game zone to confuse investors - The 1000 psychological mark doesn't seem to...
Okay, This one is #requested by @sakshisehrawat4192 The chart should tell you everything you need to know. But again, for those who like to read our analysis, Here are a few easy pointers: - The script is Forming an ascending triangle on a shorter time length - The ultimate resistance trendline stands strong since 2018 - It is nearing a crucial resistance...