📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply Key highlights: 💡⚡ 📈 Script is trading near upper band of BB. 📈 Already crossover MACD. 📈 Double Moving Averages are on urge of crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 351 🟢 Target 🎯🏆 - 374 ⚠️ Stoploss ☠️🚫 - 343 ⚠️...
The price of gold has risen to a new record high, closing at the resistance level of $2,400 USD in the Asian trading session on Friday. The escalation in gold prices is driven by political tensions among Middle Eastern countries, despite the Fed's anticipated interest rate cut in September. Currently, the price of gold is facing difficulty in surpassing the...
The price of gold is soaring towards the nearly 2390 mark, with expectations that the Federal Reserve will cut interest rates this year. From a technical perspective, on the 1-hour chart, the upward trend of gold prices remains strong and stable. Gold prices are maintaining above the Simple Moving Average (SMA) lines, suggesting that the upward trend may...
🔍Today, we delve into Telegram Coin, or TON, following our successful previous analysis that led to a remarkable 140% profit on our initial entry. 💥The price continues its upward trajectory with significant momentum, while the RSI indicator signals overbought conditions, nearing 89.92, often indicating an impending correction. There's a possibility of entering a...
In Wednesday's US trading session, the GBP/USD pair plunged to a two-month low at 1.2520 after the release of CPI inflation data. This increased selling pressure and raised concerns about the UK's economy and monetary policy. Despite some signs of short-term adjustment, GBP/USD continues its downward trend, as evidenced by prices declining towards the Simple...
In Thursday's trading session, the EUR/USD pair lost momentum, dropping to around 1.0745 due to the CPI inflation data boosting the value of the US Dollar (USD) and exerting pressure on the EUR/USD pair. The decision on interest rates by the European Central Bank (ECB) is expected to maintain stability at record high levels. From a technical standpoint, on the...
In Thursday's Asian trading session, EUR/USD pair remained around the 1.0740 level. Following the release of CPI inflation data, the US Dollar (USD) strengthened significantly, exerting pressure on this currency pair. On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a...
In Wednesday's US trading session, the sharp decline of Gold after reaching a new peak at $2,365 has rendered the market unstable and caused sudden volatility. This was spurred by the release of US Consumer Price Index (CPI) data, generating uncertain signals in the market. However, upon examining the 4-hour time chart, we can still observe signs of maintaining...
XAU/USD dropped sharply after reaching a new high of 2.365 USD in Wednesday's US trading session following the release of US Consumer Price Index (CPI) data, which unsettled the market and caused sudden volatility. Analysis from the 4-hour chart indicates that XAU/USD is trading below both the simple moving averages (SMA) 20 and 50. This is a clear sign of...
In the past two days, USD/JPY has maintained below 152.00. However, after the release of the United States' Consumer Price Index (CPI) data, this currency pair underwent a sharp increase, surpassing the 152.00 threshold and reaching 152.64. Based on technical indicators, we can observe that the USD/JPY price is experiencing a strong upward trend. This upward...
The S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological...
Nifty opens gap up and traded range bound throughout the session. Nifty made new record high in last trading hour. Index has formed a small body green candle with upper and lower shadows. Currently RSI is trading at 67. Nifty is able to break the resistance of 22720 level so, further resistance can be 22863 level with support of 22518 level. Today’s Advance...
The GBP/USD currency pair has shifted from an upward trend to a sharp downward trend, pushing the decline to the crucial level of 1.2600 during Wednesday's US trading session. This is a result of the strength of the US dollar, particularly following the release of inflation data from the United States. On the 4-hour chart, the Relative Strength Index (RSI) has...
The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially as investors await data on the Consumer Price Index (CPI) of the United States. On the...
In Wednesday's European trading session, we witnessed an expansion of the sideways trend of the EUR/USD currency pair. This occurred as the US Dollar (USD) strengthened its recent losses in response to significant CPI inflation data from the United States. Looking at the 4-hour chart, we observe that the Simple Moving Average (SMA) and the Relative Strength Index...
📊 Script: NMDC 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 Already Crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 57. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 224 🟢 Target 🎯🏆 - 243 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important:...
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...