Gold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to multiple Supply zones - Price action is close to multiple Resistance Trendlines as well - Targeting the 50% Fibo retracement for this trade ...
NZDUSD is in a downward trend channel. This suggests that the New Zealand dollar is weaker than the US dollar. Price has recently showed some rejection at the top of the channel therefore we are looking to sell. The Take Profits target should be 0.58807 .We will set our Stop Loss at 0.60400 to manage risk in case the price reverses. It is important to closely...
Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see...
Hello Traders, Below is my Technical Analysis of EURNZD. EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish...
The audusd pair creates a resistance level at 0.66500. The market touched this zone three times.This resistance is very important because last three to four times price stop it's bullish momentum and moved down side towards the support area. if the market holds this resistance level then the market again goes to downward levels.
price moving near 3 year resistance with high volume, currently stuck in range between 587-592, wherein 587 acting as strong support. High momentum could be expected above 608 and could reach 720 after breakout only. levels based on support and resistance only. personal views, DYOR!
Support and resistance of bank nifty for 09/05/2024 .
Price is in downtrend but it took support from long term trendline support Price is touching a resistance Watch for breakout A safe entry is after 53.3 resistance breakout Trail SL after breakout
Price is nicely moving within Ascending Triangle Entry can be taken now (until triangle top for short gains Trail SL once the price touch the resistance (triangle top) Proper Entry will be taken once the triangle breakout is observed Trail SL below Triangle Top and ride the trend
Series of HH, HL Price has just crossed recent resistance (short term) and touching another resistance level Buy above resistance, keep SL intact at the levels Trail your SL accordingly Manage your risk properly
Hi Traders ! Previously, The AUDNZD Formed a Bullish Double Bottom Pattern. The Price Broke The Resistance Level (1.09557 - 1.09392). This Key Level Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ------------- TARGET: 1.10000🎯
The USD/JPY market is experiencing a notable period of growth, reaching its highest level in decades, driven by significant appreciation of the US Dollar. This increase is attributed to the economic hegemony of the United States, where the USD is regarded as one of the most stable and widely used currencies globally. Additionally, the large-scale selling of US...
The bitcoin price moves in the consolidation zone. The ATH resistance level is 73000-73800 and the support level zone is 60000-61000. If the market breaks this ranging zone and goes further upside then the market creates a new all-time high. but, if the market breaks the support level then go downward to order blocker which is 50500-51500 zone.
OXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.
EURJPY is trading in range bound with 250 PIPS range. some time ranges are the best things to play just buy the support and sell the resistance. as this one is 250 pips range which can deliver fine risk to reward. currently the price is at resistance level and being rejected due to selling pressure. will the pair head back to support area ? what you guys think of...
As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
FX:USDCHF Daily bearish divergence on major and trend line resistance. If u miss early entry wait for pull back. I’ll update so stay tuned.