Get started

Breakoutsignal

NZDUSD Ascending Triangle Possible BreakHi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market has broken and closed above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 0.61489 Support: 0.61186 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
EURUSD Possible Falling Wedge BreakHi Traders! A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction. Looking at the price action, it looks bullish; we have had multiple tests at the trendline support and have broken above the 20 EMA. The market is currently on the trendline resistance, and we are looking for a break and a close above the trendline. As long as the market stays above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 1.08501 Support: 1.07960 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
SILVER Trendline Resistance BreakHi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20 EMA. The plan here is to buy market dips near the trendline resistance. Preferred Direction: Buy Resistance (FLAG CHANNEL): 23.25 Support (FLAG CHANNEL): 21.874 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
CAPITALCOM:SILVERLong
by BluetonaFX
USDCAD Triangle PatternHi Traders! There is a triangle pattern on the USDCAD 4H chart ahead of the Bank of Canada (BoC) Monetary Policy Report, Rate Decision, and press conference. Here are the details: The price action looks bullish due to US dollar strength, and the market is currently in a consolidation phase in the triangle. Depending on what we get later from the Bank of Canada, we may get a re-test of the monthly high at 1.35420 if the triangle resistance breaks. It is expected that the BoC will hold rates at 5%. Preferred Direction: Buy Resistance: 1.34797 (TRENDLINE RESISTANCE) Resistance: 1.35420 (MONTHLY HIGH) Support: 1.34401 (TRENDLINE SUPPORT) Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑 I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
Short
by ICT_Trader_SB
2
GBPUSD Triangle BreakoutHi Traders! GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance Here are the details: There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has come a long way down in the past couple of days. We are looking for a break and a close above the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
The Phoenix Rising - Reliance CapitalWhat goes Up will come down, What goes down will Rise Up - This is Universal Law Abiding by this law - Reliance Capital - The once sunken stock - declared bankrupt - Resurrected by Hinduja Group (IndusInd International Holdings) which bought Reliance Capital for approx. 9,600 Crore. The effects of these actions are seen on the Charts clearly - The Phoenix Rising from the deep. Recently the stock was removed from ESM Phase II - relieving it from restriction of being traded only on Mondays. From the New year - the stock is hitting 5% UC each day Here are the confirmation of Bullish Reversal The classic HH-HL structure indicating Bullish Reversal on Monthly HH-HL formed at 0.786 FIB Retracement which is a very reliable bounce level A Beautiful Rounding Bottom Structure on Monthly Symmetrical Triangle formation BO is pending both on Rounding Bottom & Symmetrical Triangle - BO above 15 WCB will take to targets of 42, 52, 78 Word of Caution: This is still a Risky bet - The above suggestions are for those beaten down souls already holding the stock for quite long. Hold your breath - Keep up your hope and Patience - good times are ahead. New Entrants - better to stay away from this script until stronger bullish structures are formed Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
RLong
by Stocks-n-Trends
⤵️ EURAUD) ifberakout) bearish) analysis)⤵️⤵️hello trader’s what do you think about Euraud)? The Australian and New Zealand dollars rested near five-month peaks on Friday and bonds extended their blistering rally as a surprisingly soft reading on U.S. inflation stoked wagers for rapid-fire rate cuts globally next year. The Aussie crested at $0.6803 AUDUSD , having climbed 1% the previous session to clear the $0.6800 barrier for the first time since late July. The break opened the way to the next bull target at the double top of $0.6895/6900. The kiwi dollar reached $0.6298 NZDUSD after rising 0.7% on Thursday, taking it closer to the July top of $0.6412. Risk appetite was whetted by an unexpected downward revision to the U.S. third-quarter core personal consumption expenditures (PCE) price index to an annualised 2.0%, matching the Federal Reserve's target. That stirred speculation the November reading of core PCE inflation due later Friday would also surprise on the downside, leading futures to imply an 82% chance the Fed would cut rates as soon as March. (FEDWATCH) Markets, in turn, ramped up expectations for local easing with futures now fully priced for a June rate cut by the Reserve Bank of Australia (RBA), even though the central bank still has a tightening bias. (0#RBAWATCH) The Reserve Bank of New Zealand (RBNZ) is now seen certain to ease in May, when it recently warned that no cuts were possible until 2025. (0#RBNZWATCH) Australia's November consumer price measure is not due until the end of January but again analysts see risks to the downside. "We expect annual growth in the monthly CPI indicator to slow to 4.1% y/y in November from 4.9% y/y in October," said Catherine Birch, a senior economist at ANZ. "This would be the weakest annual inflation on the monthly measure since January 2022." "We expect inflation, on a quarter-on-quarter basis, to be annualising within the RBA's 2-3% target band in the second half of 2024." Bond markets are acting like all this is a done deal and have taken three-year yields (AU3YT=RR) down to its lowest since early June at 3.667%. That breached a major chart barrier at 3.69% and was a world away from a 4.48% top hit in November. Yields on 10-year bonds AU10Y fell to a four-month trough of 4.04%, down from its November peak of 4.999%. In New Zealand, the key two-year swap rate (NZDSM3NB2Y=) hit its lowest since February at 4.680%, opening a huge gap to the overnight cash rate of 5.5%.
Short
by SMC-Trading-Point