The ethereum is in a sideways trend after rejection from 1800. It is in the second tenant of its downward trend where we are looking at distribution from big whales which will be followed by public selling making a head and shoulders pattern once rejected from 1720 which is the 50 MA resistance for intraday. I only take long term positions in cryptocurrency so my...
The yellow metal is in a choppy trend for the past few days with a high of 1730 with minor breakouts to 1735 and a low of 1700 with breakdowns to 1690. My idea for today is that gold will test its support zone of 1705 to 1690 from where it will make a rally towards 1730 and 1750. The support of 1720 is also playing a key role as it is lying in the golden zone on...
The US30 continued its upward momentum on the first day of the week. The index opened at 32245 and closed at 32450 with an intraday high of 32526 and intraday low of 32139. The index is continuously moving in an upside direction with low volumes in a hope that the US inflation data will continue to improve and maintain the industry expectation. The bears are...
The altcoin mover Ethereum is at a major resistance of 1750. The it succeeds to break the resistance of 1750 then we can see 1900 and 2000 levels other wise the Ethereum can pull back towards the support of 1600 and 1450. My idea for Ethereum is to only accumulate at dips for long term with initial selling target of 3000. If you like this or if you think the...
The Gold tested the support of 1700 multiple times in past two week. The next hurdle which is stopping the gold from making a proper upside move is the FED interest rate announcement at the end of this month. If the interest rate is as per the market expectations then we can see an upside rally towards 1800. Currently gold is in a rangebound zone of 1700 to 1730....
The US30 took support from 31000 after three weeks of downward spree triggered by the Fed powell’s speech at Jackson hole symposium in which he announced that coping with inflation is his top priority ,which signaled a hawkish policy for coming months. The US30 met its initial rejection at 32200 which is the trendline resistance .On daily time frame we are looking...
The aussie has completed its downward correction against the kiwi , My idea for next week is to take long positions at 1.10528 ans 1.10664 with target of resistance of 1.110. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
Dollar gave a bullish closing against the loonie because of the surprising non farm payrolls. My idea for next week is that the USDCAD will test the support of 1.285 and 1.278. My idea is to go long from intraweek support levels. My target for coming week is 1.29 and 1.3 in coming week. If you like this or if you think the opposite of this or if there is any...
US30 Intraweek technical analysis: The lead index of New York stock exchange had a sideways week near the resistance of 33000. My idea for coming week is that the price is going to test the resistance of 33000, and if rejected the price action is going to go in a free fall with neaby support of 32200. My target for coming week on US30 is to go short after...
Gold Intraweek Technical Analysis: Gold withnessed a bullish week. The price took rejection from 1795 twice. This may be the start of a downward movement as the US dollar index DXY is on fire after better than expected non farm payrolls. The weekly support lies at 1750. The two main supports for coming week are 1767 and 1750. My idea is that in coming week gold is...
As mentioned in intraweek analysis that the trend for coming week is down and we are planning short positions above 31000. The price of US30 took resistance from 30250 and it is no testing the support of 30450. My idea for intraday is to book profit of shorts at 30500 and then make an entry again at 30835 and 31000 with targets of 30450. My idea for intraweek is...
Gold Intraday Technical Analysis: Gold found its resistance at 1812 this time. My idea is still accumulate gold below 1800. The entry levels are 1800, 1780 for intraday. My goal for intraday is the resistance of 1800. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of...
As mentioned in previous analysis that I am only looking for long positions in gold. My initial selling target will be 1830 this week with second at 1844 and third at 1855. From where I will be looking to go short. My idea for coming week is to wait for profit taking levels. If you like this or if you think the opposite of this or if there is any other opinion,...
The Dow index took a pull back support from 30400 and it is now testing resistance of 31150. My idea for intraweek is that the price action of US30 will take rejection at somewhere between 31000 and 31150. My goal is to go short on intraweek trades with target of 30450 and 30000. Key levels for entry are 31150 and 31700 in case of a false breakout. If you like...
The downtrend is still strong in the DOW industrial index. My idea is that the price action will take a strong dive if the inflation data is not good which is due today. My goal for today is short with short term and long term . My target is entry at 31000 and 30900 with a small layer at 30700 to avoid fomo. My target for intraday is 30500 and 30300. While in...
Gold Intraday Technical Analysis: The yellow metal is in a downward spree for the past couple of day as per fears of recession in the US markets. I only buy in such market conditions. My idea is to accumulate in small lots on daily supports. Next buying level is 1780. After which I will be looking for 1767. And then 1753 and after that 1726. I am managing my...
Gold has a support at 1830 and 1815. After testing the support of 1815, gold is on its way to take support of 1830 with aggressive volumes. My idea is still long positions with entry at 1830 and layer at 1815. The goal will be 1840. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all...
After getting strong rejection from 31900, the US30 is not on its way to test the main channel support of 29700. The fed chair speech and inflation data being announced today will add fuel to fire. My idea for intraday is to short at strength. The price action of US30 has immediate resistance at 31000. My goal is to take short position at 31000 after confirmation...