Hello,Friends! EUR-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.658 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Greetings everyone, Today, GBP/USD surged higher to nearly 1.2540 thanks to better-than-expected Gross Domestic Product (GDP) data from the United Kingdom in the first quarter. The upward momentum is further supported by the convergence between the EMA 34, 89, and the current support level. The price target above the resistance level at 1.255 is being aimed for!
Ashok Leyland looks bullish in the hourly chart. there was a correction in the price but the stock has recovered well. i have bought 210 ce as my target in Ashok Leyland is 205 & 210 #educational purpose only
On Thursday, EUR/USD made significant strides, gaining ground for the week as the US Dollar retreated following a surge in US Initial Jobless Claims, reigniting expectations for potential rate cuts by the Federal Reserve.
10-05 There might just be a bullish reversal in the hourly chart of Tata Steel: 1. Candle made in the last hour yesterday looks like a bullish reversal candle so we will keep our SL below the low i.e. below 161.5 2. There is a bullish crossover in the MACD as well. My targets will be around 170. #educational purpose only
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90400 support and resistance area. Trade safe, Joe.
Today, the price of gold is hovering around $2309, showing a downward trend as the US dollar has risen approximately 4% against the basket of six major currencies. Despite the strong global demand for precious metals, particularly in Asian regions such as China, India, and South Korea, the robustness of the USD continues to exert downward pressure on gold...
The Gold price chart on the H1 timeframe shows a precarious situation. Bullish speculators face skepticism after failed attempts to break free from a short-term downtrend. Gold now hovers around the $2300 USD/oz support level. Expectations of a rapid price surge to historical highs above $2400 USD seem distant. Traders await significant catalysts, such as the...
Here is our detailed technical review for SPX500USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5188.9. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.3 level. P.S Please, note that...
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2307.567. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2337.511 level. P.S The term oversold...
Hello everyone, Brian here. Let's take a look at what's special about EURUSD today! Currently, EUR/USD may extend its losses for the third consecutive session, trading around 1.0750 in the Asian trading session on Thursday. The US Dollar (USD) is gaining ground amid expectations that the Federal Reserve will maintain higher interest rates. Additionally, higher US...
Hello,Friends! We are now examining the GBP/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.136 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going long on the GBP/NZD with the target of 2.109 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2325.075...
There is a clear breakout from the downtrend in the hourly chart of JSPL. I am going to take a chance and go long. The SL should be according to the risk taking capacity but I think targets of around 950 / 960 in short term. #Educational purpose only
The hourly chart of National Alum does indicate a change in trend from bearish. The buying started @ 174 after which it breached the resistance @ 178 as well. I am going long with a support at 178 for target of around 190. #Educational purpose only
EURUSD is looking quite bearish right now. Many of our Indicators are showing signs the price may continue to drop for a few days. Our Sell Momentum has yet to end and our Momentum and Fear & Greed Index oscillators are only showing Bearish sell pressure on this current bar. This means that the price could pull back out of this dump and continue upwards; only...
#CHZ/USDT #Analysis Description --------------------------------------------------------------- + Looking at the weekly chart, CHZ is displaying a distinct breakout from the channel, indicating an overall bullish signal. + Examining the higher timeframe reinforces this bullish sentiment. + On the lower timeframe, we might anticipate a price pullback, presenting a...