Fundamental Analysis 1. Seasonality shows bullish momentum in EURAUD from 10 Apr to Mid of May 2. COT data shows net positions reduction in AUD while Increasing in EUR 3. Overall score of EUR is bullish and AUD is bearish Technical Analysis 1. EURAUD broke 2 year Rectangular consolidation box 2. strong breakout appear 3. Bulls are in charge 4. 68% fib retracement completed 5. Look for 2 setups i. if breakout above sideways region then buy setup 2 ii. If breakdown, then look for setup 1
The Indian benchmark index Nifty 50 ended the week on a strong note, closing at 24,039, marking a robust gain of nearly 200 points from last week's close. During the week, Nifty made a high of 24,365 and a low of 23,847, trading perfectly within the anticipated range of 24,414 – 23,200, as projected in our previous analysis. Importantly, the index managed to secure a weekly close above the psychological resistance level of 24,000, signaling a possible continuation of bullish momentum. As we head into the next trading week, the bulls are expected to have the upper hand, provided Nifty stays above 23,700. A daily close below 23,700, however, could shift sentiment in favor of the bears, exposing key support zones at 23,400 and 23,200. Looking ahead, traders and investors should watch for price action within the broader range of 24,650 to 23,400. If the bulls manage to break and sustain above the critical Fibonacci resistance level of 24,414, we could see an upside move toward 24,650 and even 24,770. On the global front, the S&P 500 index also delivered a strong performance, closing at 5,525, up a significant 250 points from the previous week. As highlighted earlier, the bullish W pattern on the charts has played out well, driving momentum higher. If the S&P 500 sustains above the key breakout level of 5,551, it could potentially rally further to test resistance at 5,638, 5,670, and 5,715. However, a break below 5,391 may invite selling pressure, dragging the index down to test supports at 5,368, 5,327, or even 5,246, which could trigger a negative ripple effect across global markets. Key Takeaways: Nifty bullish above 24,000; watch 24,414 for breakout confirmation. S&P 500 bullish continuation above 5,551; potential to test 5,715. Bearish reversal levels to monitor: 23,700 for Nifty and 5,391 for S&P 500.
Hello fellow traders , my regular and new friends! Which pairs or instruments should we keep a look out for? For me I am looking at : potentially more pullback (down) on EURUSD and the majors.(stronger USD) SNP might have a day or 2 of upside and pullback (chance for long on the change in daily trend) Potential H&S on EurGbp and Gold. BTC to see potential long if there's decent pullback. NFP this week, BOJ interest rate release as well! Take note! Do check out my recorded video for more insights! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Trend reversal expected around 3328 zone. Then fall back toward 3228 support level. Possibly even lower afterward. Let’s break it down a little: 3328 is a major psychological level (very round number). If it reverses there, the first target is 3228, another clean support. If 3228 breaks, the next lower supports could be around 3200, 3180, maybe even 3155 (depending on the momentum).
fundamental Analysis 1. Overall fundamentals shows bullishness in GBP while NZD is somewhat on weaker side 2. Seasonality shows Bullish trend in GBPNZD from start of May till Mid Technical Analysis 1. Bullish Trend with trendline retest 2. Bullish divergence on 4h 3. consolidation at bottom 4. Buy on breakout above consolidation rectangle 5. SL below rectangle
HOT ~ 1D Analysis #HOT Buy after successfully penetrating this resistant line with a short -term target of at least 10%+ from here.
Today, I’m sharing something in a slightly different format. The points below aren’t problems to solve — they are principles to remember. They aren’t my personal inventions, though I fully agree with them and have made them a part of my trading approach.This is a curated collage of insights, recommendations, and lessons from experienced traders, drawn from books and years of practice. 1. Spreading yourself too thin by entering positions in too many assets at once. For an investor, this is acceptable and even necessary. But not for a trader or speculator. Investors have different behavior patterns in the market and different reasons for buying certain assets. Speculating is a much faster type of trading, and it’s simply impossible to keep track of too many assets in a portfolio. It's better to focus on 3–5 positions. I know one very successful speculator who trades only one asset—and does so quite successfully. For me, he's a great example that if you know how to trade well, you can make decent money even on a single asset. 2. Switching to Other Timeframes. If you entered a position on the 1-hour timeframe, then the entire trade — including stop-losses and take-profits — should be based on the 1-hour chart. 3. Trying to Predict Market Moves. Everything you need to know is already on the chart. The chart is the best insider. Don't try to guess or gamble — that's not how money is made in this business. If you want to gamble, go to a casino. Before news or economic data is released, the market usually already shows patterns signaling a potential rise or fall. The only exception is trading around genuinely major news events, like Trump’s tariffs — but you will usually hear about such events without even following news feeds. These are very powerful moves, and the real danger is not uncertainty about the direction, but extreme volatility. Often the first reaction to the news is false, and you might get stopped out prematurely. It's better to wait for confirmation — for the move to actually start. For example, if you see all the signals on the chart suggesting a decline, but after the news the market shoots up, don't rush. If that entire upward move gets erased by a downward move and the price starts making new lows, _then_ you can open a short position. Even better, wait until the next day. If the move is real, it won’t end in just one or two days. 4. A stock trading at a high price doesn’t mean it can’t go higher — and vice versa. You shouldn't short a rising asset, just as you shouldn't buy a falling one. Just keep that in mind. Success in trading comes not from winning every trade, but from focusing on high-probability setups.
Gold (XAUUSD) | Potential Long Setup Timeframe: 1H (Hourly) Current Price: 3,318 Trade Plan: Buy Zone: 3,306 — 3,318 (Demand Zone) Take Profit 1: 3,408 Take Profit 2: 3,578 Stop Loss: 3,211 (Below the demand zone) Technical Insight: Price is currently reacting from a key demand zone highlighted in green. If the support holds firmly, we may expect a bullish continuation towards the first resistance levels at 3,408 and 3,578. Risk management is crucial — setting a proper stop loss just below the invalidation zone (3,211) is advised. > Note: This idea is shared for educational purposes only. It does not constitute financial advice. Always do your own research and manage your risk properly before trading. #Gold #XAUUSD #TradingSetup #PriceAction #MarketAnalysis
VET ~ 1D Analysis #VET Buy after successfully penetrating this resistant line with a short -term target of at least 10%+ from here.
A clear uptrend is evolving on the chart with a strong base building around the IPO levels. One should look for investing around these levels and sit with patience for a target of around 480/500.