As a bearish rally on USDJPY continues, the pair keeps violating key historic support levels, one after another. Here are the next significant supports to pay close attention to. Support 1: 140.2 - 141.0 area Support 2: 137.2 - 138.1 area Support 3: 133.0 - 133.9 area Support 4: 129.6 - 130.8 area Support 5: 127.2 - 128.1 area These supports may indicate the...
Are you ready for some exciting news from the stock market? The S&P500 index is breaking out of a long-term resistance that has been forming since late 2021! That's right, the bulls are charging ahead and the bears are retreating as the market prepares to breach this significant and durable resistance. What makes this breakout even more exciting is that the...
BUY - 24780 SL - 24710 TARGETS - 24850,24900,24960 SELL - 24710 SL - 24780 TARGETS - 24660,24590,24530 NO TRADE ZONE - 24710 to 24780 Previous Day High - 24850 Previous Day Low - 24710 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance,...
Immediate targets of HDFC Bank is mentioned. *investments in equity is subjected to market risk do own research before investing.
Hey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.83100 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83100 support and resistance area. Trade safe, Joe.
Trade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an...
Here is my latest structure analysis, important support and resistance level to trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Gold closed in indecision this week, respecting 2 supply and demand zones. The price went rejected from an expanding supply zone based on a resistance line of a rising parallel channel and a horizontal resistance. The market also respected a horizontal demand zone based on a horizontal support cluster. After the market opening, I will monitor the reaction of...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.38200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.38200 support and resistance area. Trade safe, Joe.
THE TREND IS YOUR FRIEND, until it isn’t. This is literally the easiest trading strategy that even a monkey can figure out. Find the major Trendline, and if it breaks, either A) Sell Your Position B) Open a Short Case in point: Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.656000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65600 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.28400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 128400 support and resistance area. Trade safe, Joe.
Trade setup : Price remains in a downtrend, trading well below 200-day moving average. It had a bearish breakout from Falling Wedge pattern and dipped as low as $0.32, making a new 52-week low. It bounced from very oversold levels (RSI < 25!) near that $0.32 support and is approaching $0.42 resistance now, where it's likely to get rejected and revisit $0.32. It's...
Chambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential...
Jamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity. Reasons are listed below : Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend. A bullish engulfing candle on the weekly timeframe signals a potential...
Amber Enterprises , a leading player in the Indian air conditioning and refrigeration industry, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 4600 Resistance Breakout : The 4600 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish...
Sapphire Foods , a leading player in food and beverage industry, emerges as a potential swing trade candidate. Reasons are listed below : Ascending triangle pattern breakout observed, suggesting potential bullish continuation. Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal. ...
Caplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors. Reasons are listed below : Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its...