The FTSE continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a loss of support, potentially setting up for another move lower if resistance holds. Key Level: 10,160This zone, previously a consolidation area, now acts as a significant resistance level.A failed test and rejection at 10,160 would…
Market Overview The crypto market cap has increased by 0.3% over the past 24 hours to $2.43 trillion. The marketās ability to hold at recent highs while maintaining low volatility is a sign of buyer confidence and readiness for a further rally. Conversely, bears may be merely allowing these fluctuations for now, as the market…
Support has been challenged, pierced and tested… It continues to hold. Good morning my fellow Cryptocurrency trader, I hope you are having a wonderful day. Bitcoin looks great. On this chart, we can draw an inverted head and shoulders pattern based on the recent struggle around support. This pattern would be quite pronounced on the…
Gold Analysis: 4-hour chart resistance: 4736, support: 4100. 1-hour chart resistance: 4600, support: 4320. Technically, after ending its continuous decline, gold rebounded yesterday. The daily RSI indicator turned upward after testing below 30. The price found support after breaking through the lower Bollinger Band. On the 4-hour chart, the RSI indicator, after being oversold below…
weāve seen price today break and close above h4 highs 4490 which gave us that shift in short term direction, after that price continued pushing higher with strong momentum and didnāt give any real pullback early so no clean setup was presented on the intraday timeframe price has now left 2 imbalance zones, first one…
The US dollar index is consolidating at high levels, maintaining its strong position and exerting continuous downward pressure on gold prices, diverting funds and limiting the upside potential. MACD (12,26,9): On the 1-hour chart, the upward momentum is slightly increasing, with the two lines crossing the zero line and opening upwards, indicating strong short-term rebound…
š Gold News: ā”ļø Gold prices continue their recovery this week, rising above 4,600 after rebounding from the 4,100 USD level and posting gains for a second consecutive day on Wednesday. Optimism surrounding a potential ceasefire agreement between the US and Iran has eased inflation concerns, leading to lower US bond yields and triggering some…
USD/JPY is trading near 158.650, but the fundamental backdrop is gradually becoming less favorable for the dollar. On March 19, the Bank of Japan kept the short-term rate at around 0.75%, but clearly stated that if the current scenario holds, it will continue raising rates and reducing the degree of monetary stimulus. This confirms that…
Wrap up:- Nifty has completed wave 4 at 23862 and wave 5 is in progress. In wave 5, Nifty is forming a wxy pattern instead of impulse. In which wave w has been completed at 22634, wave x is in progress and is expected to be completed in the range 23187-23261 What Iām Watching forš…
Nifty may opened on positive note as per Sgx Nifty around at 23064 levels . In yesterday trading session nifty opened on gap up then it has fallen upto 22600 levels at these levels bulls had taken charge pushed the Nifty upto 23050 levels but it can’t sustain on days highest level from there bears…
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