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AUDUSD I Brief correction and more potential downsideWelcome back! Let me know your thoughts in the comments! ** AUDSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
14
Bearish divergence in BANKNIFTY on daily chartBearish divergence refers to a technical pattern that occurs when there is a discrepancy between the price movement of an asset and its relative strength index (RSI) indicator. In the case of Bank Nifty on the daily chart, a bearish divergence on the RSI suggests a potential reversal or weakness in the uptrend of the index. The RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is often used by traders to identify overbought and oversold conditions in an asset. When the RSI moves above 70, it is considered overbought, indicating a potential price correction, while a move below 30 suggests oversold conditions and a possible rebound. In the context of Bank Nifty's daily chart, a bearish divergence occurs when the price of the index forms higher highs while the RSI forms lower highs. This discrepancy suggests that the buying pressure supporting the upward price movement is weakening, signaling a potential reversal or pullback in the near future. Be cautious on upside trades.
NSE:BANKNIFTY
by imkhushal
5
GBPAUD I Correction and continuation to monthly levelWelcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
3
Natural Gas BULLISH DIVERGENCE on DAILY TFThe price trading at Lower level and there is RSI BULLISH DIVERGENCE also on weekly chart which indicating that price has not much momentum and strength to go further downside .On the daily chart, the RSI indicator is also close to crossing below 30, Signaling overbought conditions. 👉 RSI DIVERGENCE does not confirm that the price will reverse but divergence indicates that the price does not have the strength to go down. So for any upside view let the price confirms the strong Reversal for any upside momentum.✅
MCX:NATURALGAS1!Long
by Jha_Nidhi
GBPAUD I Short & long opportunity this week!💰Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
Daily ETH 4HChart - resistance and supportI invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, the price stopped at a very strong support of $1569 equal to 0.618Fib, we have a second support at $1522, while when the price goes lower we can see a drop to $1461. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have first resistance at $1591, next resistance is at $1620, then third resistance at $1643, then we have a strong resistance zone from $1667 to $1700. The CHOP index indicates that the energy has been used. The MACD indicator confirms the local downtrend. On the other hand, on the RSI we see a rebound, and we are moving at the lower part of the range.
by cryptodailyuk
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $23232, if the support is broken then the next support is $23017 and $22752. Now let's move to the resistance line, as you can see the first resistance is $23389, if you manage to break it, the next resistance will be $23505, $23601 and $23694. Looking at the CHOP indicator, we see that there is a lot of energy for movement, the MACD maintains a local downtrend, while the RSI has a strong rebound, which creates room for new increases.
by cryptodailyuk