Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and...
The dollar is trying to recover in today's trading from the US Federal Reserve's strike
The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments.
In this regard, the dollar incurred strong daily losses at the end of yesterday’s...
After putting in a bottom in mid-October, T-notes have rallied sharply higher. Patient bulls have been afforded few opportunities to enter the contracts on a pullback, but that may soon change. Pullbacks are a healthy part of any sustained rally, as they allow market participants to take profits from longer held positions, and reallocate capital in the direction...
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/19
This week marks the beginning of the peak of Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers...
DLTR dropped on a mild earnings beat. It is now below a volume shelf at 128.
Indicators including the MACD suggest a reversal as bullish divergence is showing.
The mass index supports a reversal. On the dual time frame RSI, the low TF green line
is above the higher TF black line which is weaker. Overall, DLTR could retrace to 133
based on the Fib retracement...
Hey traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.207 zone, we are looking to short the retrace of the bear flag along with the downtrend is combination with the daily supply and demand zone. we are also expecting some short term USD strength based on the last hawkish fed speech.
Trade safe, Joe.
Thanks to CPI report everything went up but still there is few signs to go down.
1. Taking resistance at 1810
2. In 1D timeframe we could see huge Divergence
3. Forming bullflag pattern
4. Tomorrow Jerome Powell will talk about interest rate increase.
Our target will be 1730, 1690, 1620.
