From a technical perspective, last week Friday saw a monthly candle close as a bullish candle of a level of support. We closed above the 50-SMA while at the same time maintaining a bullish structure (higher highs and higher lows) on the monthly timeframe. The daily timeframe saw another bullish candle close as we now trade between the 50 and 100-SMA.
Gold price picks up bids inside an eight-day-old bullish channel, recently nearing the resistance line, amid overbought RSI (14). That said, a convergence of the stated channel’s upper line and the 50% Fibonacci retracement (Fibo.) of June-July downside, near $1,780, appears a tough nut to crack for the XAU/USD bulls considering the RSI conditions. Even if the...
Gold is expected to move a further down more as the chart says a low of 1667 is expected
From a technical perspective, the price of gold has struggled to find acceptance below the $1,700 round for the time being. This in turn calls for some caution for bearish traders and before positioning for any further declines. As such, the metal's failure to gain significant traction suggests that the selling trend may not be over in the long term and risks...
EUR / USD remains under pressure around 1.0425-30, fading Friday night's bounce from a 15-day low within a bullish descending wedge chart formation. In doing so, the major currency pair not only retreats from the top line of the indicated wedge, but also moves away from the 50-HMA. However, the bullish MACD points out that the lows reached since May 13 keep...
Gold prices are trading in a descending triangle, which signals volatility control. The downtrend line is projected from a high of $ 16,857.58 on June 16, while horizontal support is placed from a low of $ 1,815.73 on June 16. The golden bulls included a 20-fold exponential moving average (EMA) of $ 1,821.22. The Relative Force Index (RSI) (14), meanwhile, was...
EUR/USD picks up bids to rebound from the intraday lows surrounding 1.0570 to pare daily losses, the first in three days, during Tuesday’s Asian session. That said, the quote rises to 1.585 by the press time. Although a three-day-old support line triggered the EUR/USD pair’s rebound, it stays inside a two-week-long ascending triangle bearish chart pattern. It’s...
On an hourly scale, the gold prices are trading in a symmetrical triangle that signals a slippage in the volatility. The upward sloping trendline is placed from June 14 low at $1,805.11 while the downward sloping trendline is plotted from June 16 high at $1,857.88. The greenback bulls are defending the 50-period Exponential Moving Average (EMA) at $1,828.75....
AUDUSD is forming a bearish Flag pattern and is expected from here a reversal correction.
AEON BHD has expected an potential outbreak because of following points:- Leading supermarket stores with 34 AEON stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so throughout Malaysia. Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform...
AEON BHD has expected an potential outbreak because of following points:- Leading supermarket stores with 34 AEON stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so throughout Malaysia. Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform...
DOW JONES Technical chart over H1 Time frame this expected to make an recovery from the point till the data
DOW JONES is expected in down trend in H4 Time Frame.
SKP RESOURCE BHD:- This Counter having a continue Uptrend from From last 3 days and is expected to do the same ahead. the started the uptrend right from 1.565 and is now at 1.700 and is expected to move up to 1.750 and if i t break the 1.760 mark then a price of 1.850 can be expected. Support:- 1.535,1.485 Relative Strength Index (RSI):- 76.35
$KFIMA / 6491 (KUMPULAN FIMA BERHAD) breakout to all time high.
Kumpulan Jetson Bhd were actively traded in early trade with over 107 million shares done, making it the most active stock on Bursa Malaysia. The counter surged 35.04%, or 20.5 sen to 79 sen, its highest since March 2014. Year-to-date, it has risen some 216%.Kumpulan Jetson has not made any corporate announcements recently. Its last announcement on Bursa...
CAPITAL BHD After a long sideways movement a big move is expected.the market was moving between 0.680-0.720. a buy from the current Market Price is suggested with a target of 0.760. . Support:-0.720, 0.695. Resistance:- 0.760. The Relative Strength Index (RSI) is at 73.53
On an hourly scale, the XAU / USD created a pattern of the double-bottomed chart, suggesting a bullish turnaround amid the loss of high-volume retailers when retesting the critical bottom. Gold prices rose fully after a successful test on Wednesday below $ 1,939.31. The relative strength index (RSI) (14) prevented a fall in the bearish range of 20.00-40.00. The...