The DAX hourly RSI is above 50 and its stochastic is in its upper quartile. These suggests a short-term positive momentum. Core PCE out later is likely to influence risk sentiment. In that regard keep an eye on the hourly stochastic - if it starts to slip, the short-term momentum will be waning. If it holds, the sentiment will be biased towards risk-on. This...
Hey Rich Friends, Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at: - The market has already rejected a previous supply zone on the weekly time frame - There is an evening star...
AMEX:SPY April 26, 2024 15 Minutes. The expected long was nullified by gap down. But AMEX:SPY managed to close near 502 levels. Now we have all moving averages consolidated together. I have Elliott oscillator green, CCI green and stochastics above 75 with no black bar on top. Now for the rise from 493.86 to 507.37 AMEX:SPY retraced more than 61.8%. Also,...
On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
📊 Script: BANKINDIA 📊 Sector: Banks 📊 Industry: Banks - Public Sector Key highlights: 💡⚡ 📈 Script is giving breakout of Triple Bottom on daily chart. 📈 Stock was facing resistance at 149 level, today it has given breakout and closed at 150, keep an eye on stock it may give good rally. 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈...
Gold has found support and may be charting a swing low. The shorter-term traders look to be positioning for a positive swing. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a...
We can attempt to buy BGL from specified level as it break last LH , also there is bullish divergence indicate that it move upward. SL , TP mention in chart
EUR/USD maintains an upward channel oscillating around the 1.0700 level. The weakening strength of the USD is gradually paving the way for a gentle rise in this currency pair. From a technical standpoint, we observe that EUR/USD continues to hold above the simple moving averages (SMA), while the relative strength index (RSI) remains around the 60 mark, indicating...
Gold remains stable amidst a downward trend, given the backdrop of rising US yields. Reduced tensions in the Middle East contribute to market stability, albeit dampening the demand for gold. Looking at the one-hour chart, it's evident that gold's potential for price appreciation is still constrained. The Relative Strength Index (RSI) has solidified around the 40...
Based off this time frame, where support is being currently held. I based off the chart data believe BTC will rise from this spot, if not it may want to tap the golden ratio 0.618 - 0.65 before regaining its rise. RSI and Stoch RSI is low, oversold, and price is also holding support but i would not be suprised if BTC dropped to the golden ratio before rising...
📊 Script: NETWEB 📊 Sector: IT - Software 📊 Industry: Computers - Software - Medium / Small Key highlights: 💡⚡ 📈 Script is giving Symmetrical Triangle Breakout on 18th April but there was no rally todays candle is giving breakout of that little consolidation so we may see some good rally. 📈 Script is trading at upper band of BB. 📈 MACD & Double Moving...
📊 Script: TEXRAIL 📊 Sector: Capital Goods-Non Electrical Equipment 📊 Industry: Engineering Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 178 🟢 Target 🎯🏆 - 197 ⚠️ Stoploss ☠️🚫 - 170 ⚠️ Important:...
On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) What was said above is also true for the ATA-BTC pair. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk:...
Bitcoin has been trading sideways within a broad range for an extended period, frustrating traders who have been eagerly anticipating a breakout. The current price action suggests that a significant move, either upwards or downwards, is imminent. In this analysis, we will explore two potential bearish scenarios and one bullish breakout scenario, along with key...
The EUR/USD market is stabilizing around the 1.0700 level after a positive day on Tuesday. However, PMI data from the US dampened the value of the US dollar that day, pushing up the EUR/USD price. At the beginning of Wednesday, the market showed more caution and supported the USD, posing challenges to the rise of EUR/USD. However, despite the market's caution,...
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
AUD/USD rises today as inflation data from Australia came in higher than anticipated. March CPI accelerated for the first the first time in months (+3.5% y/y), Q1 rose 1% q/q (from +0.6% prior) and on a yearly basis it came in at 3.6%, which was above forecast. The Reserve Bank of Australia has refrained from raising rates for the past three meetings and has...
📊 Script: SOLARA 📊 Sector: Pharmaceuticals 📊 Industry: Pharmaceuticals - Indian - Bulk Drugs Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already Crossover in Double Moving Averages and MACD. 📈 Right now RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 440 🟢 Target 🎯🏆 - 474 ⚠️ Stoploss ☠️🚫 - 425 ⚠️...