NZDUSD should sell or buy?Hello investors!
Today, it seems that our expectations for the Discount NZD yesterday did not come true when it was traded within 0.5895/0.5920. There are signs that the rising momentum is forming, although only exploration. Currently, as long as the NZD remains over 0.5895 (with a small support level of 0.5910), it can be stronger but overcoming an important resistance at 0.5960 can be difficult. towel.
Intradaytrade
XAU- recovered thanks to USD cooling downToday, gold continues to increase mainly thanks to the decline in the value of the US dollar. The DXY index fell from over 105 points to 104.5 points.
It is likely that the Federal Reserve will keep interest rates steady in the 5.25% - 5.5% range at its upcoming meeting. This partly strengthens gold prices and creates an opportunity for gold to return to 1950 USD.
Gold price finds new peak in ascending trendGold prices were a bit volatile today attracting some buying pressure for the third straight day on Monday and are slowly rising towards the $1938 level. XAU/USD is now looking to build on the recent decent recovery from around $1,900.
Looking at the 4-hour golden frame, the downtrend line has been crossed, clearly showing signs of a change in sentiment, causing us to set our target at a higher level. Gold's next targets will be 1938, 1945 and ultimately 1950 USD.
EURUSD analysis todayCurrently, EUR/USD is trading under pressure below 1.0700 during Tuesday's cautious Asian session. It is speculated that the ECB's completion of the rate hike will weigh on the common currency, while the USD's bearish action could support the pair.
However, the main risk to the EUR outlook is that the ECB turns dovish sooner than expected and/or growth momentum in the Euro area continues to decelerate sharply.
Gold prices have upward momentum in the short termGold prices increased short-term this week but were affected by information about the FED's upcoming interest rate increase. But recent results show a rapid recovery in the US economy in the second half of 2023. We can therefore see the Gold market likely to quickly return below 1900.
Analysis of NZD/USD todayHello friends.
NZD/USD started the new week on a positive note, trading higher around 0.5910 despite weak economic data from New Zealand. This currency pair received support for the US Federal Reserve's (Fed) decision to increase interest rates.
The pair is targeting $0.594.
USDJPY continues to have difficulty increasingHi everybody.
Today, the USDjpy market is still calm with little volatility. Currently, this pair of money is passing and trading around the price of 147.69. It seems that USDJPY is having difficulty seeking opportunities to increase prices when the pressure exceeds strong resistance of 147.80. Despite trying many times but still unable to overcome.
Testing resistance, ahead of XAU/USD declineAlselv hello everyone, let's comment on the Gold price this week.
Currently, today's gold price continues to show strength when trading around the 1933 USD mark.
However, high gold prices and the weakness of the Chinese and Indian currencies against the US dollar will continue to weigh on demand for gold.
Analysis of USDJPY todayLooking at the 4h chart of USDJPY we can see that there is a fluctuation of slight decline in today's trading session but this pair of money is still in the trend of increasing. Therefore, we should still stick to the script and target higher. If that happens, the psychological level will likely reach the psychological level of 148.50 JPY.
EURUSD maintains potential uptrendHello everyone! Today, the pair is receiving bullish support due to improved market sentiment and a broad-based US Dollar pullback thus keeping EUR/USD in a positive trend.
On the downside, any further recovery could encounter resistance near the previous monthly low around 1.0685. This is followed by the psychological level of 1.0700. If that plays out there is a possibility that a short-selling rally could push the EUR/USD pair towards weekly highs around the 1.0765-1.0770 region. Many buyers can be invited to join the market.
#JPPOWER INTRADAY TRADE SETUPGreetings Folks,
today i have prepared a setup of JPPOWER on NSE
the analysis is as follows
- the price made a required retracement
- i have marked SSL which is also very important support because if it gets broken it may indicate the start of a micro bearish trend
- there is also a minor range which is also marked in the chart
- the railway narrative seems to be overrated now so trade with cautious
dont play with fire, always use predefined stoploss
Trend reversal pattern tutorial on $SPY for intraday tradersAMEX:SPY
This is for intraday traders. While doing intraday trades watch out for a trend reversal around 10:15-10:30 AM to see market is showing any signs of trend reversal. If you catch this reversal right and keep your losses small, you can earn lot of money in a short period of time.
You can get entries on a shorter time frame and keep adding if market keeps moving up or scale out taking profit.
Today's trend reversal indicated by the yellow arrow happened around 10:15 printing a huge green candle.
Good Move In KotakKotak Mahindra Bank making higher low each day from April. With strength in bank nifty it will help kotak to break its immediate target of 1999.15. So according to my analysis I would recommend one to go long on kotak with stop loss of 1930 for the target of 2100 if the kotak break 1999.15. Kotak will show strength and go up from now.
This analysis is based for educational purpose this does not guarantee for investment purpose please contact your financial advisor before investing.
Please write me if you see any drawback or any modification in the analysis.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
Bullish Flag pattern breakout in IPCALABIpca laboratories Ltd
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1145+.
✅Can Go Long in this stock by placing a stop loss below 845-.
Falling wedge pattern breakout in COLPALColgate-Palmolive (India) Ltd
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2020+.
✅Can Go Long in this stock by placing a stop loss below 1930-.
#NIFTY Intraday Support and Resistance Levels - 04/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19450 level and then possible upside rally up to 19570 in today's session. in case nifty trades below 19410 level then the downside target can go up to the 19290 level.
Reversal Ascending Triangle pattern in SIEMENSSIEMENS
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
✅ It can give movement upto the Reversal final target of below 3600-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3000-.
Ascending Triangle pattern breakout in LITIMINDTREELITIMINDTREE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5700+.
✅Can Go short in this stock by placing a stop loss below 5110-.
Bulls and Bears in the SpotEver wondered about the intricate tango between bulls and bears in the trading world? 🕺💃 Let's take a peek at the Euro-dollar's current moves on the weekly chart.
While the bullish trend has held its ground, recent weeks have seen the bears making their mark. But, there's a key level – 1.0637 – that holds the secret to shifting the scene. A break below this level could paint a different picture, turning a stronger bull into a weaker one.
Zooming into the daily chart, it's clear that the market is in a delicate balance. A breach below 1.0637 could mark the transition from bullish to bearish.
But it's not just black and white – both the four-hour and one-hour charts show their own stories of bearish movement. 📉📊
In this thrilling scenario, we have two trader groups with differing opinions. This is where the magic happens.
Both buyers and sellers can potentially rake in profits, timing their entries and exits just right.
Aggressive traders might pounce on a shorting opportunity with higher timeframe confirmation, while the conservative ones seek more clues before engaging.
Ready to dive into this intriguing trading universe?
Now, let's return to our weekly chart adventure. The trend line might have been crossed, but the true test lies in 1.0637.
For those braving the bearish waters, a retest at the trend line could be your golden ticket. 🎫🐻
But hey, you can always set your trend line alerts, adapting to your strategy.
If buying is your game, keep an eye on 1.0737 for a possible retest opportunity. On the four-hour chart, our aggressive traders spot a chance in the retest of the trend line.
Stay within those lines, and the shorting opportunity might be just around the corner. And for the one-hour chart enthusiasts, the red and blue lines reveal a potential 40 pips journey.
Got more to discuss? Want to crack the code of profitable trading in just 15 minutes a day? 🕰️
#NIFTY Intraday Support and Resistance Levels - 24/08/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19450 level and then possible upside rally up to 19550 & this rally can extend for another 100-120 points if it gives breakout of 19560 level in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
Timezone Sessions for intraday trading
Here is an examples of most often models for intraday
Asia range - London manipulation - NY reversal
Asia expansion - London consolidation - NY continuation
Asia range - London expansion - NY consolidation
Hunting liquidity stop losses
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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