Technical
GBP/USD technical analysisThe pair is still trading around the EMA50 and is currently testing the support level of the bullish channel. Stability above this level, along with an oversold Stochastic, makes us wait for an upward movement with a target of 1.2490. The expected trading range for today is between support 1.2200 and resistance 1.2370.
Recommendations: Buy.
Support 1.2255 1.2230 1.2210
Resistance 1.2300 1.2320 1.2350
Gold : Intraweek Technical AnalysisThe gold is ripe for an upward move. The price action of gold tested the support of 1815 throughout the week with resistance at 1845 and 1855. My idea is that the fundamentals of gold have gone strong. The supply is getting cut off . the yellow metal will try to break the resistance of 1855 as soon as the market opens. My idea is to take entry below 1830 with a second layer at 1815. My targets for intraweek will be 1855 and 1875.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Gold Is at buying area with very good upside possibility.Gold is trading at 1923 which its multiple time support zone , last few days back gold bounce back from these levels, so this is very good opportunity in gold for going long for very good returns.
The target of gold may be around 1850 to 1860 in few days. The technical analysis is showing gold trading at very discounted price and coming big events like fed rate change and other global instability will also work as fuel for gold price.
Dollar is trading near all time high which is not going to stay there for long time so this will definitely help gold to rise upto the new high in coming weeks.
The global sentiment are still not good and stable so people are going for more safer investment types of assets and gold is number 1 in this area,
SO have a look on gold ...
BTC/USDT 1hr CHART UPDATE!!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the one mentioned chart that BTC is on the way to forming an INVERSE HEAD AND SHOULDER pattern but the right shoulder is still incomplete.
A candle close above the blue MA will lead BTC towards the upper trend line resistance which will be the competition of an inverse head and shoulder pattern.
Once BTC touches the upper trend line it needs to break above to rally towards the upper price levels of $21500.
Candle close below the lower green support will lead BTC to touch the lower price levels of $17500.
Let’s see how BTC performs in the upcoming hours till then stay tuned with us to get the upcoming updates.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Nifty Still in Bearish ModeThere are two resistance or Supply Zone which will work as a hurdle. Two possibilities arises in first nifty hits 15780 level and falls and in second if nifty breaches that level will be tested at upper levels of 16150. in both cases I personally would like to make Bear Call Spread to minimizes loss and count gain in that fall. But be cautious and look for PRICE ACTION first then make position accrding to that.
Bitcoin AnalysisBitcoin Analysis
This is a personal analysis
Please observe the loss limit
Bitcoin reaches the center of its channel and at the same point
It has a strong resistance, in my opinion, because the uptrend is also weakening
We are falling to the point of correction and it returns to its ascending state