On the Visa daily chart, we can see that the ABCDE correction completed Wave (4) at $174.60. Since then, the stock has been moving upwards towards Wave 3. We expect significant gains for Wave 3, but a short-term correction might still be necessary. From November 2023 to March 2024, Visa experienced a strong upward movement. Currently, we are in a correction phase...
Dear traders! GU has been struggling to stay above the 1.2800 resistance level of late, with upside limited by the market focus shifting to key data releases from the US. Speaking of news: ISM Services PMI is forecast to move higher to 50.5 from 49.4. Better-than-expected PMI print could support USD and pressure GBP/USD. On the other hand, the USD could start to...
Bitcoin has consistently remained at the forefront of financial news and market discussions, with its price volatility attracting attention from both experienced traders and newcomers alike. Based on my personal technical analysis, I observe that factors driving the price increase are still present, with both the trend and EMA line favoring the Bullish...
Hello everyone! Let's recap the markets from last week and discuss our new plans for next week. In terms of new prospects: Kitco News' weekly gold survey results show that 60% of Wall Street experts expect gold prices to increase, 20% forecast a decrease and 20% think gold prices will go sideways. Overall last week, Gold prices were pressured by strong economic...
GBPNZD broke and closed below a key horizontal daily support. The broken structure and a trend line compose the contracting supply zone now. I think that the market may drop lower soon. Next support - 2.055 ❤️Please, support my work with like, thank you!❤️
Today, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential...
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry. Reasons are listed below : The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals. Reasons are listed below : Technical strengths : The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects. The formation of a hammer...
With a rich legacy and a strong foothold in the industrial sector, Finolex Industries emerges as an intriguing candidate for swing traders seeking opportunities in the market. Reasons are listed below : Breakthrough Attempt: After multiple tests, the stock is attempting to break through the critical 240 level, signaling a potential bullish breakout. ...
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong...
Traders! As mentioned earlier BTC has confirmed the Bull Wave breaking out of the downtrend resistance and the classic wedge pattern, hence we are waiting for Long BTC's next target of $75,000 for a big strike. The 2% Rule for Risk Management Good luck!
Dear traders! USDJPY Broke the rising channel support Find and pull back to the point The best short order entry would be the structure if there is no pullback, Use a momentum trading strategy look inside the bar or trade the breakout. Targets would be 153.65 and 152.20 at the least. Good luck
💹 Let's fulfill the promise I made this morning and analyze gold for you. This analysis will also be updated next week ✨ New Channel Schedule: In addition to daily analyses, I will provide the following updates every Monday to Wednesday: Monday: Bitcoin and its dominance Tuesday: Ethereum and ETH/BTC Wednesday: Gold 📊 Weekly and Monthly Time Frames: In...
Trade setup : Bullish breakout from Falling Wedge could signal resumption of uptrend, with +25% potential upside to $2.50 thereafter. Breakout was confirmed as price broke above $2.00 horizontal resistance and above 200-day moving average ($2.06). Stacks (STX) is a platform for scaling and building on top of Bitcoin. Read our research report. Patterns : ...
💹 Let's dive into analyzing this Forex pair and update our previous analysis, while also identifying new entry points. 📅 Weekly Schedule: Monday: Bitcoin and its dominance analysis , Tuesday: Ethereum and ETHBTC analysis 🏦, Wednesday: Gold analysis 🏦 Today, being Wednesday, we'll upload the gold analysis later in the evening. This means we're dedicating the...
Greetings to investors and those interested in the gold market, The gold market has experienced some notable fluctuations recently, influenced by factors such as the global economic situation, inflation, and volatility in the financial markets. The world gold price today has generally increased by 0.10% in the past 24 hours, equivalent to an increase of 2.42...
Dear traders! BTCUSD is ready to buy the breakout, with huge buying pressure at around 70,000 USD after the breakout and holding the price until now. Accordingly, the classic cup-with-handle pattern holding the price has been confirmed, theoretically the price will quickly break the resistance level of 72,000 USD and strengthen further. Therefore, we can LONG BTC...
Dear traders! EURUSD is trading in an uptrend and the pair just broke an important horizontal level. The price base is bullish but in the context of forming a peak at 1.0916. Conan personally expects this pair to drop to the 0.618 Fibonacci zone, which is 1.0882, to accumulate liquidity to retest the 34.89 EMA level before rising again with the final target of at...