- NZDUSD reversed from the resistance level 0.5820 - Likely to fall to support level 0.5750 NZDUSD currency pair recently reversed down from the strong resistance level 0.5820 (former strong support from the end of November). The resistance level 0.5820 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse from September. Given the multi-month downtrend, NZDUSD currency pair can be expected to fall to the next support level 0.5750 (former support from February and the start of March).
- EURUSD reversed from resistance level 1.0930 - Likely to fall to support level 1.0830 EURUSD currency pair recently reversed down from the key resistance level 1.0930 (a former monthly high from November, which also stopped the earlier minor impulse wave iii). The downward reversal from resistance level 1.0930 is likely to form the daily Japanese candlesticks reversal pattern Evening Star – a strong sell signal for EURUSD. Given the overbought daily RSI and strongly bullish US dollar sentiment, EURUSD currency pair can be expected to fall to the next support level 1.0830 (low of the previous correction iv).
Hello everyone, once again, I think the aud/usd pair is in an ideal position for a very good trade. I am waiting for the market to give a rejection on our zone and now I am waiting for the market to give a buy position.
https://www.tradingview.com/x/D8s6oISa/ My dear friends, My technical analysis for USDJPY is below: The market is trading on 149.96 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 148.72 Recommended Stop Loss - 150.69 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Ah, Bitcoin—the digital rollercoaster we all love to hate. Currently lounging around $84,000 , but what's next? Let's dive into the crystal ball of crypto predictions, shall we? ? The Bullish Dreamers: Derivatives Delight: Some analysts are giddy over derivatives metrics, suggesting Bitcoin is "poised" to reclaim the $90,000 level in the coming weeks. Because who doesn't love a good gamble? The Bearish Realists: Death Cross Drama: Hold onto your hats! Bitcoin is flirting with a "death cross," where the 50-day moving average dips below the 200-day. Historically, this is like the crypto version of a horror movie—cue the dramatic music. Support Level Shenanigans: If Bitcoin can't muster the strength to stay above $81,000, we might be sliding down to $76,000 faster than you can say "HODL." The Fence-Sitters: FOMC Follies: All eyes are on the upcoming Federal Open Market Committee meeting. Will they hike rates? Will they cut? Will they order pizza for lunch? Their decisions could send Bitcoin on a joyride or a nosedive. So, what's the takeaway? Is Bitcoin gearing up for a moon mission, or are we strapping in for a freefall? As always, keep your wits about you, and maybe a parachute handy. ?? If you want the deeper breakdown (the one nobody’s telling you), drop a comment or DM me. Maybe I’ll let you in on the real insights. ?? Disclaimer: This is not financial advice. Always do your own research before diving into the crypto abyss.
If the stock sustains above 1200 this breakout can give a good move upside wait for volume confirmation i.e volume should be high. although its early to consider soon unless supported by proper volumes. the stock has corrected 40-45% from highs
Nifty saw 3 good days of recovery. Now the real test begins as we are approaching the 3 big daddy resistances. 1) R1 Mother line Resistance (50 days EMA) 22988. 2) R2 Long Term Trend line Resistance 23237. 3) R3 Father Line Resistance 23399. If these 3 are crossed the Nifty has potential to hit 23809 in the medium to short term. If Nifty rally does not have steam it can again fall back to the support levels at 22638, 22334 or even 21974. IT has not contributed to the current rally Infact it has remained laggard. RIL has not contributed. HDFC has remained range bond. If some IT counters or Heavy Weights like RIL or HDFC join the rally we can see Nifty flying otherwise there is a potential for this rally to fizzle out again. Things are in balance right now. Shadow of the candle neutral as I write this. Very important closing weekly closing awaits us on Friday. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
US30 broke through a bearish channel last week and has continued to show bullish pressure. However, as long as the price is under 42,000, the indice may correct a bit, towards the 41,550, 41,200, and 41,000 barriers. Price action is currently oscillating between 42,000 and 40,600. A break of either side, will be the intended direction from a long term perspective.
At present, there is a suppression signal below 3045, but it may take some time to consolidate. It fell back under pressure on Wednesday morning, and stabilized and rose briefly to 3045 after touching the middle track. Then there was a small dive to 3022 in the European session and then rose again. This is obviously a high-level sweep, and the market has begun to fight fiercely for longs and shorts; it may go back and forth in the high range of 3020-3045, and finally wait for the announcement of the interest rate decision to stimulate and guide. If the news of the interest rate cut is implemented, it is still predicted that there will be a wave of "selling facts" decline, and then stabilize and bottom out and rise to counterattack. Then the next operation suggestion is to try to correct the decline at a high level, and continue to go up along the trend after touching 3015 or 3000 or 2980. The decline correction and squat adjustment are all preparations for further historical highs in the future. You can read bottom signals, interpret daily market trends, share real-time strategies, and stop blindly following the trend.
Pattern, Volums, stop-loss defined, Assume the Corrective phase completed, Entry on break of Lower high,