Analysis
Sell Gold (Xau/Usd) wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2403
2nd Support – 2388
Stop-Loss: To manage risk, place a stop-loss order above 2440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
Thank you.
AUD/USD BUY RUNNING +30PIPSHi Traders on Thursday we send buy trade on aud/usd we running in deep profits. we had Opinions from people that is going for a sell. based on my trading strategy i knew we going for buy. this should be a learns to focus on your analysis and trust what you doing.
Certified price action king
$BABA | Allocation & Watchlist | Market Exec & Buy Stops |Technical Confluences:
- Price action has been consolidating between a Wedge pattern
- Price action is at a Demand Zone of all-time lows
- Price is starting to slowly break above the 200MA
- A break above the resistance trendline (been a good support/resistance TL) would be a significant move.
Fundamental Confluences:
- Considerably cheap valuations
- Still one of the largest e-commerce players, don't see it dropping it off anytime soon
- China's economy has been weakening and we are seeing efforts by the China government to help boost back the domestic economy. Potential for revenue boost.
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Putting in my first tranche of NYSE:BABA allocation for my Long-Term portfolio.
Gonna be holding this share for years and will continue adding position with Buy Stop orders.
Remember, DYOR.
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
xauusd4h analisis gold prediction.
friday gold just beenup side done in the range, but daily candle close with bullish at (sbr) 2427
strong ressistence but as we still have (bos) 2411,2412 depending on broker chart.
supply: 2444. 2448
demand : 2403. 2405
before gold want to go high will have strong pullback..
or, take supply then pullback and recharge the puel and fly.
i belive the chart is clear to understand. allwe need is patient and right confirmation.
what are your thought let me know in the comment.
SWING IDEA - JBMAMACD is going to cross pretty soon in the coming days.
Once Cross is done, should open new entry levels for next leg up.
Good chance the stock can easily retouch its Swing High.
Try to take entries only after MACD Cross completes successfully.
Stock's fundamentals looks promising too.
Recent Rally in Shrimp Exporters' Stocks I Avanti FeedsStop Loss and Technical plotted on the chart.
Key Drivers Behind the Surge:
1. Record Seafood Exports:
- Indian seafood exports hit an all-time high of 17.81 lakh metric tons worth ₹60,000 crore in FY23-24.
- Frozen shrimp remains the leading export item, with growing demand supporting shrimp farming expansion.
2. Government Support and Budget Announcements:
Sunrise Sector: The fisheries sector is recognized for its potential, with the government aiming to create 55 lakh jobs through new initiatives.
Budget Measures:
- Financial Support: Nucleus breeding centers for shrimp brood stock to reduce reliance on imports and improve hatchery quality.
- Infrastructure Development: NABARD to cover 80% of project costs for aquaculture farmers, with up to 3% interest subvention.
3. Industry Growth Prospects:
- Long-Term Growth: The budget’s emphasis on boosting the aquaculture sector indicates strong growth potential for the industry, benefiting shrimp exporters like Avanti Feeds, Apex Frozen Foods, and Zeal Aqua.
Future Outlook:
- Continued Expansion: With robust government support and a thriving export market, the aquaculture sector is expected to continue growing, driving further interest in stocks of companies involved in shrimp farming and export.
- Investment Consideration: The strong performance and positive outlook make these stocks attractive, but it's essential to stay informed about industry developments and consult with a financial advisor for personalized advice.
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For the latest updates and insights, consult with a qualified financial advisor to tailor your investment strategy.
Kfin Technologies Ltd: Performance Overview and Future OutlookStop loss mentioned on Chart
Kfin Technologies Ltd: Performance Overview and Future Outlook
Recent Stock Performance:
- Stock Surge: Kfin Technologies' stock soared 14% on Friday, reaching a 52-week high of ₹1033.8.
- Recent Trends: Over the last 5 sessions, the stock has risen more than 20%, and it has gained over 45% in the past 12 months.
Trading Activity:
- Volume and Value: On NSE, the stock's trading volume surged to 37.11 lakh shares, with a trade value of ₹372.09 crore, indicating strong investor interest.
Q1FY25 Earnings Report Highlights:
- Revenue: ₹238 crore, up 30.9% YoY.
- Profit After Tax (PAT): ₹68 crore, up 58% YoY.
- EBITDA: ₹100 crore, up 43% YoY, with an EBITDA margin of 42%.
- International Revenue: Surge of 56.6% YoY.
- VAS Revenue: Increase of 49.6% YoY.
Business Development:
- New Contracts: Significant growth in new contract sign-ups, especially in global fund services, alternatives and wealth solutions, fund administration, and technology solutions.
- Market Position: Kfin Technologies is a unique player in India, offering comprehensive services to asset managers, including mutual funds, alternative investment funds, and pension schemes. It is also one of the three central record-keeping agencies for the National Pension System (NPS).
Impact of Union Budget 2024:
- Increased Participation: The budget's push for higher participation in new pension schemes is likely to benefit Kfin Technologies, potentially increasing its business in pension and retirement solutions.
Future Outlook:
- Growth Prospects: The strong financial performance, coupled with increased demand for pension and fund administration solutions, positions Kfin Technologies well for continued growth.
- Investor Sentiment: Positive earnings and strategic positioning in a growing market contribute to the strong buying interest in the stock.
Investment Consideration:
- Strong Performance: Kfin Technologies shows robust financial health and growth prospects.
- Market Position: The company’s unique position in the market and the favorable budgetary environment suggest potential for sustained growth.
Disclaimer: For tailored investment advice, please consult with a qualified financial advisor.
XAUUSD ( BREAKING TURNING LEVEL (1) ) ( 4H )XAUUSD
HELLO TRADERS
as mentioned until the price remain a turning level (2) at 2,391$ , indicates to reach 2,420$ .
yesterday the price sharply rising nearby +450pip , currently stabilizing 2,420$ as long as the price trading above this level directly toward to reach 2,436$
Tendency, the price trading above turning level (1) , this makes the upward direction active .
Upward Zone : currently the price remain turning level (1) , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 2,436$ and resistance level (2) at 2,459$ .
Downward Zone: by breaking turning level (1) around 2,420$ , the price dropping to reach a turning level (2) at 2,391$ , to confirm downward , the price need breaking 2,391$ by open 4h candle below it to reach a support level (1) at 2,364 , then to reach support level (2) at 2,346$.
TARGET LEVEL :
RESISTANCE LEVEL : 2,436$ , 2,459$ , 2,474$ .
SUPPORT LEVEL : 2,364$ , 2,346$ .
Will the 2800 zone act as a strong resistance in the near term?After breaking the 2800 area, we are now approaching it from the other side. Will it act as a strong resistance, or will we break back above it?
For more information, watch the video.
CRYPTO:ETHUSD EASYMARKETS:ETHUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Can EURUSD revisit the psychological 1.1000 zone?With the expectation of rate cuts from the Fed, EURUSD might experience buying interest, at least in the near term. Watch the video for more details.
FX_IDC:EURUSD EASYMARKETS:EURUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTC/USDT CHART UYODATE !!BTC/USDT is currently at a critical juncture, trading just above a crucial support level. A bounce from $58,000 could lead to retesting higher resistance levels, while a break below could result in further declines towards $52,408.76. Traders should watch for volume spikes and RSI signals to gauge market sentiment and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Nifty Consolidating? What's Next?After a turmoil in the US and Japanese market, the ripple effect led the Indian markets to fall on an average 4% on Monday.
This crash has led to correction of an overvalued market, as per analysts.
The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story.
Let us look at Nifty50's chart on Daily Timeframe:
Previous support: 23890
a level where price should stay and give a bullish sign: 24211
Retest of the Lows, Rocket Ride up from Here?Here we are. Just you, me, and a strange serious of price action events with NVDA...
So, how do we read this in the short-term future?
I always start with a Daily Chart (1D). MACD and RSI are overdue for a little pop towards the upside. After a retest of the lows, NVDA bounced off what we can now call Support at 97.
Our initial price targets still stand. In the short-term, 511. After that, the next leg up is 514.
Today, the market manipulators started to release the recovery news. Keep in mind, it's Ms. Market's job to ensure growth and stability in the market. Jobless claims were presumably "not as bad" as they previously stated. Right, okay.
Anyway, who cares? We're not trading feelings, we're trading options.
Moving forward, the market closes higher swinging into Friday as we use volatility as our friend to secure profits with expirations further out. I'd call this phase, "safe swinging".
Let's see how the market reacts EOW. Thanks for tuning in.
Fundamental vs. Technical Analysis in Cryptocurrency TradingHello, Traders!
Today, we'll delve into the ongoing battle 🥊between two mighty opponents: fundamental analysis (FA) and technical analysis (TA). What is the difference between fundamental and technical analysis? What are each's strengths? Do they truly need to compete?
Fighter in the Right Corner — Fundamental Analysis
Introducing the first contender: Fundamental Analysis. What is Fundamental Analysis? This strategy evaluates assets' fair market value and potential for growth and decline by studying business methods, technical documents, roadmaps, competition, network activity, and other indicators.
Types of Fundamental Analysis:
Qualitative Analysis: Subjective judgment based on non-quantifiable information. It includes evaluating the team behind the project, its vision, partnerships, and community support.
Quantitative Analysis: Involves analyzing numerical data and financial metrics. It includes evaluating financial statements, market cap, trading volume, and other measurable data points.
On-Chain Analysis : Involves examining blockchain data to assess network activity, transaction volume, and other on-chain metrics. It helps understand cryptocurrency usage and adoption.
How to Do Fundamental Analysis? Criteria for Evaluating Crypto Projects through Fundamental Analysis:
Reputation and Team Members' Experience: A strong, experienced, and reputable team can significantly influence the project's success.
Level and Volume of Raised Investments: High-profile investors and substantial funding can indicate a project's potential.
Social Media: Audience and activity on social media platforms. Active and engaged communities can drive adoption and success.
Whitepaper: The project’s technical document outlining the vision, technology, and roadmap. A well-drafted whitepaper provides insights into the project's seriousness and feasibility.
Tokenomics: The token’s economic model, including supply, distribution, and utility. Effective tokenomics can ensure sustainable growth and value.
Roadmap: The project implementation plan detailing milestones and timelines. A clear and realistic roadmap can indicate a project's future direction and potential.
Fighter in the Left Corner — Technical Analysis
Here comes the second contender: Technical Analysis. This method analyzes and forecasts asset value based on historical price indicators. In TA, a chart is a crucial tool for tracking price changes.
Tools Employed by Technical Analysis:
Data Collection: Historical price data from various timeframes using platforms like TradingView.
Charts: Informative data through candlestick charts, line charts, or other graphical representations to examine trends.
Indicators: Use tools like Moving Averages (SMA, EMA), Relative Strength Indexes (RSI), and Bollinger Bands.
Patterns: Such as Head and Shoulders, Double Tops and Bottoms, Triangles, Flags, Pennants, Wedges, Cup and Handles, etc.
Backtesting: Use historical data to evaluate past performance and refine your approach.
Psychological Factors: Emotional biases and market sentiment can influence trading decisions. See our article on the Fear and Greed Index.
Practice: Demo accounts or paper trading to hone your skills without risking real money, building experience and confidence before trading with actual funds.
We also invite you to read our detailed article about Technical Analysis.
Intense Duel 🧑⚖️
So, should we even be picking a winner? In conclusion, understanding the nuances of fundamental analysis and technical analysis is paramount to crafting a robust investment strategy. FA in crypto delves into the core aspects of a project. This thorough examination aims to grasp a digital asset's intrinsic value and long-term potential, mitigating risks by assessing its reliability and future prospects.
Conversely, TA leverages market statistics and historical price data to uncover trends, patterns, and potential entry and exit points. This method provides a granular view of market sentiment, enabling traders to make informed decisions based on price movements and trading volumes.
FA and TA serve distinct purposes: FA offers a comprehensive understanding of a project's viability and long-term growth potential, making it ideal for long-term investments. TA, on the other hand, is adept at navigating the immediate market landscape, making it indispensable for short-term trading strategies.
Combining these approaches can significantly amplify investment success. Crypto fundamental analysis provides the foundational knowledge to identify promising projects with solid fundamentals. At the same time, Crypto technical analysis equips traders with the tools to capitalize on market fluctuations and optimize entry and exit points. In essence, FA and TA are not mutually exclusive but rather complementary strategies that, when used together, can yield a more comprehensive and practical approach to cryptocurrency trading and investing. 🤝🏻
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Fundamental Market Analysis for August 8, 2024 EURUSDThe Euro-dollar pair bounced back towards 1.0935, breaking a two-day losing streak during Asian trading on Thursday. A softer US dollar (USD) is providing some support to the major pair. Nevertheless, risk-off sentiment may limit EUR/USD gains amid escalating geopolitical risks. Later in the day, the weekly US initial jobless claims report will be released.
Last week's weak US jobs report for July sparked speculation of deeper interest rate cuts by the Federal Reserve (Fed) this year, which continue to undermine the US Dollar. Financial markets are convinced that the Fed will cut interest rates at its next meeting in September, increasing the rate cut bets by 50 basis points (bps) rather than 25 bps, to nearly 83%, according to the FedWatch tool.
On Wednesday, European Central Bank policymaker Olli Rehn said the ECB could continue cutting interest rates if there is confidence among policymakers that inflation will slow in the near term. The central bank left interest rates unchanged at its July meeting. ECB President Christine Lagarde said during a conference on the coast that any move in September remains an open question.
Meanwhile, rising geopolitical tensions in the Middle East could put pressure on risk assets such as the euro (EUR). The market turned cautious after CNN reported on Wednesday that Iran and its supporters are preparing for a potential retaliatory strike on Israel. According to the latest reports, the retaliation could be delayed until Thursday or Friday.
Trading recommendation: Trade predominantly with Buy orders from the current price level.