The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
Hello traders.. Ever Since April 16th we can observe a pullback on Eurusd. We recieved bullish fedspeak on April 16th, as Chairman Powell mentioned the recent interest rate hike intervention is not having it's intended affect. The jobs market is hot but the real issue is 2 consecutive months of increasing inflation. This issue may cause interest rates to remain...
EURAUD tested a solid rising trend line on a daily time frame this morning. After its test, the price formed an ascending triangle formation and successfully violated its neckline. I think that the pair may start growing now. Initial target - 1.6483 ❤️Please, support my work with like, thank you!❤️
Hello traders.. For EurUsd we observed a very nice swing to the upside over the previous day of trading as decent Eur data beat Usd data for services and manufacturing PMI. We saw initial upside with the Eur data shortly after London open and this was followed by a pullback. Only until more data was released during NY session , we were to see another bounce to the...
A potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry. Reasons are listed below : The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength. A hammer candlestick formation on the weekly timeframe signals a...
☀️In today's analysis, we dive into the realm of Fantom (FTM), a coin exhibiting promising potential in the market. Focusing on the daily timeframe, we dissect FTM's price action and chart patterns to uncover strategic entry points for traders seeking bullish opportunities. 📈Since October last year, FTM has delivered remarkable gains, surging approximately 570%...
➡️EURUSD has been accumulating for a long time and is forming a DOW pattern with strong bullish momentum about to form. The 3 DOW accumulation model makes the upward force even stronger if it breaks the trendline and reverses the uptrend. ➡️Before the German Flash Manufacturing PMI data announced that EURUSD had broken through the trendline and traded around...
As you can see in the chart, the price of CAKE has experienced significant growth after a period of decline and volatility. The price bounced back from the $1 support zone and has since experienced another minor increase after a pullback to the $2.50 demand level. The price is currently trading at $3.20. By examining the behavior of candles in the long-term time...
The EUR/USD currency pair is going through a period of volatility as tensions between Israel and Iran do not escalate. This has reduced geopolitical risks and decreased demand for the US Dollar as a safe-haven asset, leading to a slight increase in the pair. However, despite a slight increase in EUR/USD, the overall trend remains bearish. EUR/USD is maintaining a...
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...
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
Risk-On Sentiment has taken over the markets today despite bad manufacturing and services data.. and it began yesterday on Nasdaq with the Daily candle closing back above the Daily Level 17,164. Other confluences for the increase on Nasdaq include 1) Jerome Powell's hawkish comments on April 16th. 2) Dollar Index 5 minutes chart : Here we can observe the Risk on...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428 Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Gold prices are attempting a slight recovery during the Asian session after finding fresh demand near $2,355 once again. Gold prices took advantage of the softer risk tone and sustained weakness in US Treasury yields, despite recent hawkish comments from the Fed. XAUUSD trades above 2370 and the daily chart suggests the slide could continue. Technical indicators...
1) Stock is in uptrend in all major time frames. 2) Weekly is reversing from a pullback. Last week - weekly candle confirms reversal. 3) Daily price action as well confirms reversal, moved out of range. 4) RSI just hitting 60 in daily, RSI in lower timeframes apt for entries. My entry : 520. SL : 493. Target : 613.
During the Asian session on Monday spot gold had a GAP and opened lower, falling to a low of $2,360/ounce. Gold is mainly under pressure because tensions around Israel and Iran seem to have cooled down, which reduces risk aversion, thus putting pressure on gold prices. There are no new points in the developments. geopolitical conflict, all attacks are just in the...
Market rumors tell us that GBP/USD remains guarded, hovering near 1.2350, its lowest fortress since mid-November, when Tuesday's Asian session began. The USD index consolidates its stance above 106.10 while traders bide their time, awaiting S&P Global Purchasing Managers' Index data to be revealed from the US and UK for April, currently leaving GBPUSD in a state...
The stock is poised for a breakout move above it's all time high. Trend and RSI Momentum intact. My SL would be strictly at 624, target - 711.