Weekly Review Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the...
considering the liquidity taking at 1.10484 and the instant bearish fall has negate the demand zone around 1.09378 - 1.09134 hence expect more of bearish sentiment
I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to...
Bears can hold the bulls advance until they settle around 19,300-19,380 levels which is both a support and a crucial resistance for any further rally. The index is currently looking at 19,194 due to weakness in macro and technical levels
Regarding our observations, currently there are more buyers in the market Long-term trend is bullish! There is a bearish move that has started from JUL 18 inside the bullish channel so we could consider the mid-term trend as bearish. There might be a short-term bullish move that we could make profit out of it. 1.0820 and the bottom of bullish channgel are...
In the previous week, the price crossed our target of 1900, and fell to the important support of 1885. As long as the price is involved in the support zone (1902-1885), a definite decision regarding the future cannot be made. The support of 1880 can be the appropriate point for the price to return. Although the price chart has lost important supports, but for the...
DXY react on a strong demand zone expect more buys.
The weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend. Buy at Market, Target at 235, Stop Loss at 218
This is my analysis for the Pair USDCHF, week beginning 24/07/2023. As shown by the change of character on the 4 hour chart, USDCHF is now ready to return to its original point from where it broke, I have drawn out a POI and I expect the price to keep falling and reacting off of it and going to the next significant point. I would suggest to search for longs...
High time frame bearish trend line beside clear HTF key level, could drive GBPUSD lower, forward 1.19.
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First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Very Bullish Gold & Silver:...
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Price has performed a break of Market structure on the 4H timeframe, it created an imbalance in the form of a fair value gap and price tapped into that and the breaker located there. I expect a heavy market to the downside on the open. Several levels of interest have been marked on the chart. Let's see what happens
Last weeks high: $26887.5 Last weeks low: $25836.5 Midpoint: $24785.5 Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend. A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below. The...
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Weekly Outlook (W) Bear bias until price action establishes an uptrend above 1.1092 6/15/23 Still making higher highs and lower highs Last week of May just made the last higher low @ Weekly fib 78.6 level Expectation: IF Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext) If not: Price reactions from levels below: 1) 0.0865 H&S...
Fundamental Backdrop The CB Consumer Confidence, JOLTS Job Openings, Non-Farm Employment Change are expected to drop. The Unemployment Rate is also expected to increase. These news events will cause the DXY to weaken. Technical Confluences Near-term resistance level at 104.800 Near-term support level at 103.800 Next support at 103.200 Idea On...