Current Market Position The EUR/USD pair is currently trading at 1.05678, positioned at the premium side of its recent trading range. This level represents a significant recovery from the markdown initiated on November 13th, which established the range's parameters. https://www.tradingview.com/x/nSg36k8L/ Recent Price Action Analysis The trading range has been defined by: Upper bound: Current levels around 1.05678 Lower bound: 1.04802 Notable displacement: Liquidity sweep on November 22nd Recovery: Strong positive reaction leading into November 30th https://www.tradingview.com/x/heajnU94/ Technical Structure The price action has demonstrated a clear range-bound behavior with strategic liquidity sweeps. The recent upward movement from the lower displacement suggests accumulation at lower levels, with buyers showing conviction in defending the range's floor. Key Technical Levels Upside targets: Primary resistance: 1.09464 (coinciding with 200 EMA) Extended target: 1.12136 (longer-term projection) https://www.tradingview.com/x/QomIAJ1v/ Correlation Analysis with US Dollar Index The Dollar Index presents a potentially bearish setup: Current resistance: 108.071 Initial support target: 105.970 Critical breakdown level: 105.347 Further DXY support levels on bearish continuation: Major support: 103.376 Extended targets: 101.856 and 100.000 https://www.tradingview.com/x/h1ggNqSZ/ Technical Patterns The US Dollar Index is exhibiting a head and shoulders pattern on the daily timeframe, although Friday's green close suggests some hesitation in the bearish momentum. This pattern, if confirmed, would align with the bullish EUR/USD scenario. https://www.tradingview.com/x/CExVgkJ7/ Outlook and Strategy The technical setup suggests a bullish bias for EUR/USD with the following considerations: The pair has shown resilience at lower levels with strong buying pressure The projected move above the 200 EMA could trigger additional momentum The potential USD weakness, as indicated by the head and shoulders pattern, provides fundamental support for the bullish EUR/USD scenario Risk Considerations Traders should monitor: The 105.347 level on the Dollar Index as a key pivot Any failure to breach the 200 EMA could lead to range continuation Friday's positive close on the Dollar Index might indicate temporary strength Conclusion The technical structure supports a bullish bias for EUR/USD with clear upside targets at 1.09464 and 1.12136. This aligns with the potential bearish structure in the US Dollar Index, although proper risk management should be maintained given the recent dollar strength.
INDUSIND BANK - There is- a high chance of getting support here - best time to start SIP - investors should have a long-term view CMP - 988 Stop Loss - 950 Swing Target - 1250 to 1400 Long-Term Target - All-time high ***I am not SEBI Registered. All my charts and analyses are only for educational purposes and not for trading purposes
This is an update to my previous publication (SEI SHORT IDEA), now as I see the price displacing on the 15min chart I have set my entry on the most recent disp FVG which makes an reasonble entry for me, we could also be using the larger one bit higher but that one might not get tapped.
? DOGEUSDT Technical Analysis and Scalping Long Setup ?? Hey team! Here’s the latest analysis for DOGEUSDT: We are seeing a triangle breakout forming on the 1-hour chart, and DOGE is very close to breaking through a key rectangle pattern! This sets up a fantastic opportunity for scalping long positions. ? Scalping Long Setup: ✅ Entry Levels: - 0.46 - 0.43 - 0.40 ✅ Targets: - 0.505 - 0.54 - 0.58 - 0.62 - 0.66 ? Stop-Loss: - 0.35839 (Make sure to manage your risk carefully!) --- ? Strategy: 1. Look for one of the entry levels to get filled. 2. Monitor price action closely as it approaches the target levels. 3. Adjust your stop-loss to secure profits as the price moves in your favor. Stay vigilant and happy trading! Let’s maximize our gains! ?✨ *Please remember to do your own research and trade responsibly.* #DOGEUSDT #CryptoAnalysis #TradingSignals #SRFXGlobal
Bank Nifty closed the previous week with a strong Bullish candle which has closed comfortably above the 50% zone of the previous fall. For the next week, I have a strong feeling that BN could be range bound to mildly Bullish. The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking. Again, a buy on dip strategy can be applied here. Upside resistance zone is 54,200. So, if there's a big gap up, look for short side reversal. If there's a gap down, look for price action and buy.
The structure at the beginning of the fifth wave we are following was a bit difficult to make out at first but as we got more data it all indicates that we are having a third wave extension within the bigger fifth wave. Assuming I am right about the above reading, I expect the market to rally on Sundays open, again establishing an all-time high and turning around violently either on the same day on sometime during Monday's early hours. WE should get a corrective week if not a couple of weeks before we resume moving higher.
From where we placed the green arrow on the chart, it seems that TIA has entered a bullish diamond diametric, and is currently in the middle of wave D. We expect wave D to complete and wave E to start from the green range. Targets are $10, $12, and $14. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
SOUTH INDIA BANK Now resistance zone price trade, last low price to now 13% move price move, bank nifty move bullish then south Indian stock move bullish plz keep your eye for now invest in south India bank for long term, already moves 200ema cross over price
Gold has been trading sideways with no clear view of the market, making it difficult to trade swing or even intraday, we wanted to share our view early, however, since the price is not clear yet. We waited until today, now we can see price either can move up without taking out sell side liquidity or might take out the sell side liquidity and then moves upwards. Good luck.
So TVC:USOIL continued its fall previous week too. For the upcoming week, my bets are on the upside, these are the keypoints of observation leading to this. 1. Since last 7 weeks, Crudeoil is stuck in a box range, and also the contracting triangle pattern is in the verge or breaking out / breaking down, so we can expect big moves that would possibly take crudeoil out of this box. 2. Nov 11-15 week, Market consolidated in range, grabbed buyside liquidity first, then the sell side liquidity and the week after that, market gave the one-sided move upwards. 3. From 27Nov till last friday, price formed similar structure where it collected buyside liquidity first, then sellside liquidity in the friday fall. 4. Currently the price is trading near a very important demand zone, so a move towards upside is expected. 5. China's inflation rate and PPI data comes out on Monday 7 Asia session, which can be a trigger for monday move. 6. US CPI data comes out this wednesday, which can act as a major trigger in breaking the trendline resistance above and price moving up to take out liquidity near 72.80$ 7. As 25bp rate cut is largely expected in the next Fed meeting, the CPI data will be crucial in taking that decision, and this will weaken the dollar and is bullish for crudeoil, so that could be a major trigger onto breaking the resistance and moving up. Conclusion: So there are some key data coming this week, China PPI data and Inflation data which can signal some bullishness if the economy is strong and there is demand and also US CPI data which will also affect crudeoil price. Technically, we are in a strong demand zone, and as we collected liquidity from buyside and sellside last week, chances are more we head for upside this coming week. Watch out for resistances at 68$, 69$ and 70$, break of which can lead to nice upside rally. What are your thoughts? NB: Not a financial advise, this is just my observation and only for educational purpose.