Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle,...
Overall, the EUR/USD pair continues to maintain a downward trend. News reports of escalating tensions in the Middle East have spurred a flight to the US dollar (USD) as a safe haven, leading to the decline of the EUR/USD pair. However, upon examining the chart, clear signs of correction and recovery are evident. It is anticipated that the price will test the SMA...
The EUR/USD pair has witnessed a notable recovery above the 1.0650 level. Reports of escalating tensions in the Middle East conflict have prompted investors to shift their focus towards the US dollar (USD) as a safe haven, leading to a decline in the EUR/USD pair. From a technical standpoint, although the price is still maintaining a downward trend, signs of a...
Overall, the market has witnessed the continuation of an upward trend as political tensions in the Middle East show no signs of abating entirely. From a technical standpoint, the Relative Strength Index (RSI) is currently in overbought territory. This is seen as a signal that the market may undergo a short-term recovery before resuming a strong upward trajectory.
Hello traders what do you think about US30 give your suggestions in comment.. As the US30 inches towards the critical resistance level at 38,068, traders are on high alert. A successful breach of this threshold could fuel the ongoing bullish trend, propelling the index towards the next target at 38,380. Conversely, should the price stabilize below 37,996, market...
Gold's Epic Battle: Breaking Barriers and Scaling Heights 📈💥 In the volatile realm of trading, where charts morph and indicators pulse with life, gold finds itself at a crossroads. Picture the scene: on the trading canvas, amidst the flurry of candlesticks and the dance of moving averages, gold emerges as a gladiator, grappling with the shackles of "overbought...
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Overall, Bitcoin (BTC) is maintaining a downward trend. Despite showing signs of increase above the $65,000 mark, it experienced a decline during Friday's trading session in the US. It is expected that the price will adjust to the vicinity of the 0.5-0.618 Fibonacci level before continuing its downward journey.
USD/JPY is currently maintaining stability around 154.50 amidst unpredictable market fluctuations. According to Reuters, the currency pair reversed losses after a high-ranking official from Iran stated that there is no immediate plan for retaliation against Israel's missile attack on Iran. This has reduced the likelihood of escalating tensions in the Middle...
Okay, This one was #Requested by @Sensiiiii Here is all you need to know about NSE:POLYPLEX : - Stock depreciated about 60 % from its ATH - It filled the long due Gap and took support from it - Thence, It has been consolidating for 9 Months now - Price trading below 200 EMA a.k.a accumulation phase - The PE was 15 at ATH and after 60% Depreciation, it still...
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Aarti Industries Ltd manufactures and deals in Speciality Chemicals and Pharmaceuticals. Company has 21+ manufacturing units, 100+ products, 700+ domestic customers, 400+ export customers in 60+ countries with major presence in the USA, Europe, Japan, etc. Product Profile: a) Special Chemicals: Benzene, toluene, nitric acid, chlorine, methanol, aniline, sulphur,...
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The USD/CHF pair on the M30 timeframe presents a possible shorting opportunity due to a recent breakout from a pattern. Potential Short Trade: Entry: Below the broken level, ideally around 0.9140 after confirmation of the breakout. Confirmation could involve a retest of the broken level as resistance or a sustained move below the level. Target Levels: 0.9060:...
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken...
Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark. Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
The EUR/CHF pair experienced a sharp decline, yet found resilience at 0.9680, marking a significant support level. This support has sparked a rebound, indicating a reversal in direction. As momentum builds, the trajectory suggests an imminent move upwards towards the target of 0.9801. It's an opportune moment to consider a long position, capitalizing on the upward...
Gold as trading at 2382 with a noteable resistance level observed at 2405 should gold breach this resistance traders may consider pursuing the following targets 2426 to 2445 Alternatively should a sell pattern maniface to indicating a potentail down turm traders may anticipate the following support levels the initail support rests at 2359 followed by potential...