There is no reprieve for the greenback on Tuesday as all the major factors point to further waning of its attrac-tiveness. The US currency struggles to regain strength after the recent change in the Fed’s tone on tightening prospects. Recent investor optimism over the US-China trade negotiations added to the bearishness as well.
Today, the PBOC has...
The greenback continues to bleed nearly across the board, digesting the unexpectedly “dovish” tone from Pow-ell. The Fed Governor stated that rates were just below neutral range and didn’t mention a future 'gradual path of rate hikes for next year. Such rhetoric made traders worry about the potential pausing hikes in 2019. As a result, the dollar came under...
Maruti right now consolidating between 7250 and 7550 zone in short term . Any break of his level will set its direction for next month series. Close above 7550 will take maruti towards 7900 levels in dec series. On downside it has strong support around 7250 and 7050. At present it is highly unlikely it will trade below 7050. One can go long at present around 7430...
INDUSIND Bank is looking bullish and has given a Breakout on 4 hrs chart. So one can initiate Bu here around 1560 with stoploss of 1500 for tgt of 1660 in coming weeks.
Disclaimer: View shared here are only for educational purpose and are no recommendation to buy , sell or hold any stock/indices
At the start of a new week, the greenback is trading under a mild selling pressure after a steep decline on Friday. The American currency feels uncomfortable after the Fed officials expressed concerns about global growth. Investors took the recent comments as a signal that the central bank could slow down the process of monetary policy normalization, which...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 42.75
• Take Profit Level: 43.75 (100 pips)
If the price...
Tenkan Sen has crossed Kijun Sen it an entry point for investors seeking alpha
CAUTION: Risk averse people you may wanna wait till the candle stick position themselves on top of the kumo but don't expect to achieve over and above ROI