On this Pair, we are looking for a BUY CONTINUATION, as we expect the DXY to continue with its weakness, also we have a trend shift on this pair on the LTF, we also have a LIQUIDITY AREA below our DEMAND level, so if this Entry setup matches with your idea, you can add to your watch-list. update will be given in the UPDATE SESSION.
Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level. - Bullish Scenario: If the price stabilizes above $2640, we can anticipate further growth with $2660 as the first target. - Bearish Scenario: If it fails to hold above this level, a move toward $2623 is very likely. This analysis will be updated as the situation develops! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
BTCUSD 15 MIN CHART Hello Traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
COT Report - Non Commercials are reducing there position in NZD, showing weakness in NZD. - Non Commercials are much neutral in USD, showing steadiness to strength in USD> Endogenous Factors - NZD score after all indicators moved from +4 to -2 in last three months. - USD score remains stable and mix making it neutral. Exogenous Factors - NZD is looking weaker against USD in exogenous factors as shown.
This analysis is an update of the analysis you see in the "Related publications" section it is only for SPOT and not FUTURES. Do not enter a position without capital management It went near the entry range of the previous analysis but didn't reach it. Now, we can look for BUY positions with this setup Closing a daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Microsoft is showing potential for a bullish move, with volume contraction resembling the 'eye of a needle' pattern around key moving averages. The stock appears to be breaking out of a wedge formation, signaling the possibility of a move toward its previous high.
Golds at a key area now, we had a bullish run breaking above the bearish downtrend that had been held since Nov 22nds high and we are retesting and hovering around the 2640 key level. We also have an ascending trendline from yesterdays lows of 2623 which seems to be holding for now and so a breakout is imminent. Potential trade ideas: Buys: - Break and CLOSE above 2647 on the 30 min could give us the momentum to continue the day bullish with 2655 and 2670 key levels to target. - 2655 break and close would be a safer buy with 2665 a nice 100 pip initial target. Sells: - If we get a bearish close below the intraday range wick so a break below 2633 we could target yesterdays lows of 2623 before reassessing - 2631 would be the safer sell option. Areas of interest highlighted in green, with news coming up later today we could see ranges until then so we could have a start to New York where we are sat on our hands to start with. As always happy trading.
This chart illustrates the technical analysis of Oracle Financial Services Software Limited (OFSS) on a 4-hour timeframe. The price is currently trading around ₹12,510, consolidating near a critical resistance level of ₹12,650. A breakout above this level is required to confirm bullish momentum and unlock the potential upside towards the next target zones at ₹12,885, ₹13,130, and ₹13,450. The Fibonacci retracement levels are plotted to identify significant support and resistance zones. The immediate bullish view remains intact as long as the price holds above ₹12,360 on a closing basis, as marked in red for invalidation. Failure to sustain above this level could trigger a correction or consolidation towards lower support zones, highlighted in yellow. The chart's volume analysis suggests relatively lower trading volumes during the recent consolidation, indicating the need for stronger participation to validate the breakout. The green zone highlights the target range if a breakout occurs, aligning with Fibonacci levels and historical price action. Traders should monitor the price action and volume closely, as any decisive move above ₹12,650 could provide a bullish continuation signal. Conversely, a drop below ₹12,360 may indicate a short-term reversal or pause in the uptrend.
The recent surge in the price of TRON ( CRYPTOCAP:TRX ) has set the digital asset space abuzz, which has now caught the market's eye more than ever following bold statements from its founder, Justin Sun. Sun's comparison of TRX to XRP, especially in the wake of XRP's significant rally, has not only sparked investor interest but also reignited discussions about TRON's potential in the altcoin market. Here, we delve into both the technical and fundamental aspects that are driving TRX's current market dynamics. Fundamental Analysis: Project Vision and Utility: TRON was conceived to revolutionize digital content ownership by empowering creators directly with blockchain technology. Since its inception in 2017, TRON has evolved from an ERC-20 token on Ethereum to its own independent network. This transition underscores its commitment to providing a platform where content creators can earn directly from consumers without intermediaries. This model of direct-to-consumer interaction could be pivotal as digital content consumption grows exponentially. Market Position: With a current market cap hovering around $20 billion, TRX ranks among the top cryptocurrencies, indicating robust investor confidence. The platform's focus on decentralized applications (dApps) and its support for smart contracts places it in competition with giants like Ethereum, yet TRON distinguishes itself by targeting the content creation sector, potentially carving out a unique niche. Leadership Influence: Justin Sun's active engagement on social platforms, where he likened TRX to XRP, plays a significant role in shaping market sentiment. His vision for TRON as the "next XRP" taps into the current narrative where XRP has shown substantial growth due to legal clarifications and market sentiment shifts. Sun's comparison might not just be about price but also about TRX's potential role in the global financial ecosystem. Technical Analysis: Price Movement: TRX has experienced a notable rally, with a 17% increase in a single day, pushing its price to $0.236. This surge has been accompanied by a dramatic rise in trading volume, up 116% to $2.49 billion, demonstrating strong market interest. Over the past week and month, TRX has shown gains of 23% and 44%, respectively, illustrating a consistent upward trajectory. Technical Indicators: Relative Strength Index (RSI): Currently at 80, the RSI suggests that TRX is in overbought territory, which might hint at an impending correction or consolidation. Investors should watch for potential pullbacks to the 38.2% Fibonacci retracement level as a buying opportunity if the selling pressure subsides. Three White Soldiers: The recent chart pattern, known as 'Three White Soldiers', indicates a strong bullish trend, where three consecutive long-bodied candlesticks signal a reversal from a downtrend to an uptrend, reinforcing the current momentum. Market Sentiment: Despite signals of potential overbuying, the market sentiment around TRX remains bullish, fueled by Justin Sun's statements and the general altcoin market dynamics. The increase in futures open interest to $184.82 million suggests that traders are betting on further price increases. Market Reaction and Future Outlook: Speculation and Hype: The market's reaction to Sun's statements has been immediate and positive, with investors jumping on the bandwagon, speculating that TRX could indeed follow XRP's path. However, the sustainability of such a surge depends on more than just hype; it requires continuous development and adoption of TRON's ecosystem. Challenges Ahead: While the comparison with XRP is compelling, TRX must navigate its challenges, including competition from other blockchain platforms, the need for more widespread adoption of its dApps, and maintaining its technological edge. Investor Strategy: Given the technical indicators, short-term traders might look for entry points during any dips or consolidation phases. For long-term holders, the focus should be on TRON's adoption rate, partnerships, and the expansion of its DeFi ecosystem as these will likely be the true drivers of sustained value growth. Conclusion: TRON's recent rally, bolstered by Justin Sun's provocative comparison to XRP, has indeed placed it under the spotlight. While the immediate future might see some volatility due to overbought conditions, the fundamental vision of TRON, coupled with its technical performance, suggests a cryptocurrency with significant growth potential. Investors and traders should keep a close eye on both the technical charts and the broader market trends, as well as TRON's strategic moves in the blockchain space, to make informed decisions. However, as always, the crypto market's unpredictability requires caution and a well-thought-out investment strategy.
Shorting Euros! Previous trade idea was solid but it reached the BE level. Mainly BE due to REQH and NY opening. Re-entry now at M15 OB. Targeting 1:5 RR.