Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/USD Buy. Enjoy the day all. Cheers. Jim
LDOUSD - RSI - Divergence - Bearish Trend Line - Completed " 12345 " Impulsive Waves and " AB " Corrective Wave - Change of Characteristics - POI
Hi friends, Let's get back into analysis after Eid al-Fitr vacations. Today, we pay attention to AVAX in the Daily time frame. As marked on the chart, we have a strong daily resistance trend line and a 4-Hour resistance trend line, which is marked by yellow color. As you can see that we had a great support level of $19.855, which has now turned into resistance. Also, you can see that for AVAX to retain its bullish momentum, it has to close daily candles above $29. Besides that, we have a strong daily and weekly accumulation area between $12 and $15. We have a local 4-Hour support level that is ideal for entering into short positions after having the momentum and confirmations.
The BTC will increase 20k and reach to the top of the wedge in the coming DAYS. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.? _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The current bullish structure of gold has not changed. The key support below is still the 3100 line. The strong bullish thinking remains unchanged above 3100. Short-term operations rely on 3100 for defense, and gradually move up near 3116. Focus on the strength of the European session. If the European session rebounds but does not break the high, then short the US session at highs. Pay attention to the resistance of 3140-45 above.
After Trump announced an additional 20% in tariffs, EURUSD made a relatively surprising move and surged sharply. This marks the second leg of the upward trend that began in early March. However, the sharp rise has now brought EURUSD to the doorstep of a very long-term resistance level. Since testing 1.60 in 2008, EURUSD has been moving lower within a wide descending trend channel that has held for 17 years. Since 2015, the pattern has evolved into a wedge formation within this broader channel. The most recent test of this resistance came last year, but at the time, a weak Eurozone economy, crowded Euro long positions, and a hawkish Fed prevented a breakout. This time, the landscape is different. The Eurozone is showing early signs of recovery, the ECB’s rate cuts appear to be nearing their end, and European countries have started to band together following a decline in confidence in their biggest ally and decide to increase technology, defence spending. Despite these developments, the medium-term effects of the new tariffs and the strength of the long-term resistance level are likely to prevent a clear breakout for now. Still, the long-term outlook is beginning to shift in favor of the euro, and a breakout later this year carries a significant probability.
CRYPTOCAP:BTC RUNNING IS NOT OVER! Bitcoin will enter a new uptrend phase with the support it finds from the weekly uptrend support and the Bollinger Band lower point.
Hi all, as I am super busy with work, I will only be posting this as reference. All the equity markets should be going into wave 3 of 3 also. Stop above wave 2 of 3 high. Sorry for not responding for the rest of the week. Good luck!
Afcons Infrastructure Limited is an India-based infrastructure construction company. It is engaged in construction of marine works, highways, bridges, railways, metro works, hydro and underground, water, tunnels, oil & gas, LNG (liquefied natural gas) tanks. Its business includes Marine and Industrial, Surface Transport, Urban Infrastructure, Oil and Gas, and Hydro and Underground. Marine and industrial segment covers project related to ports and harbors jetties, dry docks, wet basins, breakwaters, outfall and intake structure, LNG tanks and material handling systems. Surface and transport segment which covers project like highways and roads, interchanges, mining-related, infrastructure, railways. Urban infrastructure business focusses on metro works, bridges and flyovers. Oil and gas business focusses on offshore oil and gas and onshore oil and gas segments. Hydro and underground business focusses on the dams and barrages, tunnels and underground works and water and irrigation. Reasons to buy: Trading at the support level PE < 40 FII's increased holding from 8.20% to 18.00% in Dec 2024 qtr. Institutional Investors increased holding from 21.45% to 29.12% in Dec 2024 qtr. Profit is increasing EPS increased from ₹12.06 (2023) to ₹13.20 (2024) despite equity dilution.
The DAX 40 remains in a bearish trend, with recent price action suggesting an oversold bounce rather than a structural reversal. Key Levels & Scenarios Resistance: 22144 (previous intraday consolidation zone) A bearish rejection from this level could resume downside momentum. Support targets: 21544, followed by 21300 and 21000 over a longer timeframe. Bullish Breakout Scenario: A confirmed breakout above 22144 with a daily close above this level would invalidate the bearish outlook. Upside targets: 22385 (next resistance), followed by 22685. Indicators & Market Sentiment RSI suggests the market was oversold, leading to the current bounce. Volume analysis indicates weak bullish momentum, reinforcing the bearish bias unless 22144 is breached. Conclusion The prevailing bearish trend remains intact unless DAX 40 breaks and holds above 22144. Traders should watch for bearish rejection at this level for downside continuation or a daily close above 22144 for a shift to bullish momentum. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.