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April 22, Weekly Outlook: Navigating DXY and GBPUSD this WeekIn this video, I'll deliver a thorough analysis of the DXY and GBPUSD, providing insights into what to expect throughout this week's trading. We'll delve into the seasonal changes dictated by the quarters of the year, particularly significant as we transition into a new quarter. It's crucial to adjust your trading approach and expectations accordingly. Currently, we're witnessing a sell program with anticipated heavy volatility to the downside. Stay tuned for this week's updates. Kind Regards, The_Architect
by The_Archi-tect
VEDANTA cmp 257, target of 300 ++ in 10-15 trading sessionsVedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE. Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan. Vedanta is the market leader in production of Nickel in India. Below are the revenue-mix details of various businesses: 1. Zinc, Lead & Silver (25% of revenues) It runs its Indian Zinc operations through its subsidiary, Hindustan Zinc Ltd (HZL) in which it owns ~65% stake. HZL is the largest primary zinc producer in India, with an expected 80% market share in 2022.One of the most notable achievements has been the successful commissioning of a 3000 KLD Zero Liquid discharge (RO-ZLD) plant at the Zinc Smelter Debari 2. Oil & Gas (9% of revenues) The Co. is India’s largest private sector crude oil producer. It accounts for ~25% of the total crude oil production of India. 3. Aluminium Business (39% of revenues) Vedanta has the largest aluminium installed capacity in India at 2.3 mtpa. It has a 47% market share in India among primary aluminium producers. Mines - Via BALCO, the company has 2 bauxite mines with capacity of ~2 MnTPA of bauxite and a coal mine to capacity of 1 MnTPA. 4. Power Segment (4% of revenues) Its flagship power project Talwandi Sabo Power Ltd (TSPL) is located in Punjab. The company has 25 years of long-term power purchase agreement with Punjab State Electricity board 5. Iron Ore Segment (5% of revenues) Vedanta is one of the largest merchant iron-ore miners in India. 6. Copper Business (12% of revenues) This includes refinery and rod plant Silvassa consisting of a 133,000 MT of blister/secondary material processing plant, a 216,000 tpa copper refinery plant and a copper rod mill with an installed capacity of 258,000 tpa. Its international copper operations include a copper mine in Tasmania, Australia which remains under care and maintenance. It is evaluating various operations to restart mining operations. 7. Other Businesses (6% of revenues) The Co. is also engaged in the business of steel manufacturing and port operations in India and manufacturing of glass substrate in South Korea and Taiwan. Upcoming Growth & Projects: Vedanta has a strong pipeline of growth projects and is incorporating future enabling businesses in its portfolio. In the Oil & Gas segment, the Co. intends to undertake new growth capex projects worth $687mn. In the Aluminium segment, it intends to incur a $1.4 bn growth capex over 2 years. This includes aluminium capacity expansion to 3 MTPA by Q3 FY24, Alumina capacity expansion to 6 MTPA by FY24 & 100% operationalization of 3 coal mines in a phased manner by Q3 FY24. The company is focused on community development and achieving a greener business model. Vedanta achieved a 5-point improvement in the S&P Global Corporate Sustainability Assessment Index. Current Performance and News: Vedanta reported strong financial results for Q2 FY '24, with highest ever second quarter consolidated revenue, EBITDA, and PAT. Operational performance was strong across all businesses, with healthy production and cost control. The aluminium sector delivered one of its best quarters in terms of production and operational efficiency. Hindustan Zinc remained in the first decile of the cost curve globally, with further cost reductions. The oil and gas business delivered stable production and reduced operating expenses through optimization. The iron ore business saw higher sales and margin expansion. The company received a favourable arbitration award in its oil and gas business, resulting in a positive impact on revenue and EBITDA. The INR4,600 crores gained from the arbitration award will be realized in cash over the next few quarters. Vedanta Limited has upcoming debt maturities of around $1 billion in the next two quarters, but the company feels comfortable in managing refinancing or repayment. Vedanta Limited's Board has approved the proposal to demerge the business into six independent listed entities. Key Ratios: Market Cap - ₹ 95,606 Cr ROCE - 21.2 % ROE - 20.4 % Dividend Yield - 39.2 % Debt to equity - 2.38 Stock P/E - 19.3 Industry PE - 17.5 Conclusion: Technically, the strong price pattern at the bottom and then there is a trendline and price pattern breakout with huge volumes and there is change in price structure from lower highs lower lows to higher highs and higher lows. This itself gives strong conviction to buy at current levels and add more on dips if it comes. Vedanta is the market leader in the commodities segment and looking at the current market scenarios where metal, oil & gas and power sector are doing well due to various macro-environment factors and the company's improvement in profit and profit margins, various growth prospects, debt repayment being taken cared of and demerger benefits, the stock at current market price of 257 is a strong value buy for a minimum target of 300 in 10-15 trading sessions, which gives return of 16% in just 2 weeks .
NSE:VEDLLong
by PrashantDahale
1
GOLD 3 H TIME FRAM Full ? UPDATE READ THE CAPTION)Hello traders what do you think about Gold) Gold pair price All time high Bullish Gold pair price 3H time frame break level of 2270 test 2280+ I think 💭 Gold pair price 2280+ 2290 of break out Next Movie possible 2300+ 2324 Gold pair price technical analysis update 3H Chart Technical analysis update berak above avrege levels📉📈📊👍 ✅ 2124 berak above avrege 2188+ 2208 Done ✅ 2208 berak above avrege 2230+ 2250 Done ✅ 2250 berak above avrege 2263+2280 Done 2290 break above avrege 2300+ 2324 / looking a new Ath ^ Gold Buy. 2270 TP 2280 TP ^. 2290 SL @ 2265 G old sell 2300 TP ^ 2290 TP ^ 2280 SL @ 2305 Follow risk management Don't forget like this analysis
FXOPEN:XAUUSD
by SMC-Trading-Point
EUR USD 3 H TIME FRAM Full ? UPDATE READ THE CAPTION)Hello traders what do you think about EUR USD) EUR USD Technical Analysis 3H time frame update Eurusd break level of big support levels 1.07237 pullback bullish patterns updates 3H time frame break level more above avrege levels Technical analysis update 3H time frame update above avrege levels 📉📈📊 1.7699 Break above avrege 1.08097 Done ✅ 1.08111 Berak above avrege 1.08559 looking now 1.08567 Berak above avrege 1.9330 looking now EUR USD Buy 1.7667 TP ^ 1.08056 TP ^. 1.08567 SL @. 1.07237 Follow risk management Don't forget like this analysis
Long
by SMC-Trading-Point
1
📈UNI Spot Buying Entry Analysis🛒🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying. 📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice. ✨A closer examination reveals a descending triangle formation approaching its apex. Upon breaking the triangle's support line, a short position opportunity may arise. However, caution is warranted as breaking the support enters the golden Fibonacci ratio zone, likely prompting significant reactions. 🛒For spot buying, patience is key, waiting for the trend to break and confirm above $12.964, which would serve as a consolidation trigger for a logical spot purchase. 🐢For those seeking more certainty, waiting for price confirmation above $15.402 before entering a buy position is advisable. A concern arises from declining volume, indicating diminishing interest in UNI. Healthy volume is crucial for sustained price movement, whether upward or downward. ✅As for targets, considering the area around $22.718 could be prudent. Upon reaching this level, decisions regarding profit-taking or holding can be made based on price reaction. 📝Overall, UNI presents potential entry opportunities for spot buying, contingent upon price confirmations and volume considerations. Vigilance and strategic decision-making are essential in navigating UNI's current chart dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
1
Next Gold Target 2090 or 2350? Check Analysis📣Hello Mates! We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2280 or 2300. May then continue to go down and meet our targets of 2150 and 2090. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our resistance levels are spotted at: - 2266.00 📉 And our support levels are set at: - 2150.00 - 2090.00 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
1
AAVE - USDT Update 29/03/2024G-Money's short version analysis based purely on technical analysis only, no nonsense "BS": AAVE/USDT - low volume pair, Stop Loss (SL): @ 107.11 USDT Entry Point: @ 117.40 USDT Take Profit (TP): @ 138.51 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
by G-money2022
Avax Up to 27 % Or Dump to 16% !?Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't always work accurately. Remember, this is solely an analysis, and your profit and loss are your own responsibility.
by Crypto-Oracle1
#OIL Price at profit taking placeHello everyone, I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your engagement motivates me to continue improving the quality of my work. Now, let's delve into the analysis of the Oil price, as it has reached a crucial price level where profit-taking activity may occur, potentially leading the price lower. As shown in the chart, not only has the price reached a bearish trendline that previously held it at lower levels, but we are also currently at the one-to-one price target projection of an inverted head and shoulders pattern , a level where many pattern traders would consider taking profits. It's worth to note that as soon as the price reached this area, it encountered some bearish pressure and failed to sustain its bullish momentum. At present, based on my strategy, I don't have any bearish signals or triggers. However, with a bit more patience, I believe a good opportunity may present itself soon. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_BRENT
by mohemati
1
#USDCAD rising wedge pattern breakoutIn case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
1
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
5
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati