Hey Traders, in the coming week we are monitoring NASDAQ for a selling opportunity around 18300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18300 support and resistance area. We would also like to consider the current bullish bias on DXY due to the negative correlation that may put extra...
The EGX30 index has shown a shift in trend as it plunged into the Kumo and Elliot Wave (a) territory. The first key support level sits at Senko Span A at 27,207 bars. If this level is breached, the next significant level to watch is at 27,007, a level confirmed by liquidity (based on the smart money concept). Should this support level fail, the index could...
March 28th DXY: Approaching resistance 104.50, needs to break to reach 104.75 NZDUSD: Sell 0.5940 SL 20 TP 70 (Hesitation at 0.59) AUDUSD: Sell 0.65 SL 20 TP 55 USDJPY: Sell 151.75 SL 30 TP 65 GBPUSD: Sell 1.2575 SL 20 TP 55 EURUSD: Sell 1.0785 SL 25 TP 60 USDCHF: Buy 0.9113 SL 20 TP 50 USDCAD: Looking for reaction at 1.3620 resistance Gold:...
Although UK-100 Index Is Near All-time Highs, UK Economy Slips into Recession Technically, a national economic recession is defined as two consecutive quarters of contraction, and yesterday's Office for National Statistics data confirmed that this has happened — UK GDP fell in the third and fourth quarters of 2023 by 0.1% and 0.3% respectively. The Guardian...
Previous two sessions of bank Nifty hits high and low at almost the same matching levels. 4 conditions are going to occur in upcoming sessions: 1st - Price can break the previous 2 days' highs OR lows and move in the respective direction. 2nd - Price can follow the 1st condition with failures. 3rd - Price can remain in the range with multiple failures making...
if the price stays above the 18000 it will move up. i am still bullish. Good Luck.
Date: 28-03-2024. As traders, we're always looking for strategies that can yield profitable outcomes amidst market fluctuations. One such strategy that has recently caught our attention is the short straddle in the Nifty50 April 2024 contract, particularly focusing on the 21700 strike. Let's dive into the details. *Understanding the Setup:* The Nifty50 April...
Short Term Elliott Wave view in S&P 500 (SPX) suggests cycle from 1.6.2024 low is in progress as a 5 waves impulse. Up from 1.6.2024 low, wave ((i)) ended at 4931.09 and pullback in wave ((ii)) ended at 4845.15. Wave ((iii)) higher ended at 5187.78 as the 30 minutes chart below shows and pullback in wave ((iv)) ended at 5095.88. The Index has resumed higher in...
A correction is coming soon. Maybe started this week. How low will it go? Nobody knows. So many Bearish Posts. Permabears predicting cataclysm. The End is Near! Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years. Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...
GER40 Bullish till it shows bearish resistance on weekly. Keep buying.
As We Talked in The Previous Analysis: The US Dollar Index Reached a Support Level. The Resistance Line is Broken! Currently, The Market Broke The Resistance Level, This Key Level Becomes a New Support Level. So I Expect a Bullish Move 📈 TARGET: 104.810🎯
Nifty is near to complete correction or major B and as per price action also price reached at origin LS Kink. this whole up move is just a correction of previous fall (A) already nifty completed it 5th wave with ending diagonal and this whole correction of ABC is due. Now it looks like B is completed and C will start and it will ne sharp fall as A .
Hey Traders, The state of the German Economy, alike other economic zones and economies has seen twists and turns. From hopeful highs, to fearful lows, the transition from confidence to incompetence has been viewed widely. The current retracement above local and historic highs comes about as the US index markets also rise, after inflation reports and comments from...
These the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete. If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
Investing.com - U.S. stocks traded lower on Wednesday, led by falling sectors such as utilities, oil and gas and technology. At the close of trading in New York, the Dow Jones Industrial Average was down 0.08 per cent, while the S&P 500 was down 0.28 per cent and the Nasdaq Composite index was down 0.42 per cent. The best performing stock on the Dow Jones...
Upon further investigation, I have concluded that the current bull trend is similar to the bull trend number 2 from 1942-1965. Both trends are showing a rather flat 43 degrees up movement. A slow and steady trend. It is not as steep as the dot com bull run with its 53 degrees. Bull trend appreciated 970% over the course of 286 months. Using the same criteria...
US stock index futures were a touch weaker this morning. But this follows a particularly strong session yesterday which saw the Dow, S&P 500 and NASDAQ 100 close up 1.2%, 0.9% and 0.5% respectively. But the stand-out performance came from the Russell 2000, the US’s broad-based, domestically-focused mid-cap stock index. It ended the session over 2% higher,...