Harmonic Patterns
GBPJPYThe GBPJPY support is holding buy sentiment at 189.441 due to a combination of technical and fundamental factors.
From a technical perspective, the price has formed a double bottom pattern around the 189.441 level, indicating a potential reversal of the downtrend
Fundamentally, the BOJ's threat of Forex intervention has not had a significant impact for now until we see further break of demand floor like the 189.44 level
our target for gpbjpy will be 200 -202
Zomato Share AnalysisZomato Share Analysis (January 2025)
1. Short-Term Analysis (1-3 months):
Current Trend: Zomato ka share recent mein gir gaya hai. Iska reason market conditions ya company-specific news ho sakta hai.
Entry Point (Short Term - Day Trade): Agar aap short-term mein trade kar rahe hain, toh aap, kal ke green candle par (5 min timeframe) 4 candles ke range mein entry le sakte hain, agar stock thoda aur neeche jata hai.
Exit Point (Short Term - Day Stop Loss):
Profit Target - 2%
Small SL - .5% - Price 226
Medium-Term Analysis (1-3 months):
Current Sentiment: Zomato ki growth potential abhi bhi strong hai, lekin competition aur profitability concerns hai.
Long-Term Analysis (6 months - 1 year):
Growth Potential: Zomato ka long-term growth potential abhi bhi strong hai, especially food delivery aur subscription services mein. Agar company apni profitability improve karti hai, toh stock ka value badh sakta hai.
Long Term Target - 400
Weekly chart The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week.
The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA).
Gold price eyes acceptance above the key static resistance at $2,726 to extend the uptrend toward the $2,750 psychological barrier. The next target is aligned at the record high of $2,790.
If the correction unfolds, Gold price will find initial demand at the previous day’s low of $2,690, below which the January 15 low of $2,670 will be tested.
NZDCAD GARTLEY PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURGBP SHORTAs price continues to follow the bearish channel, currently testing at multiple levels of resistance, followed by an increased HP this trade setup has the potential to overwhelm the bullish correction.
After advanced technical analysis has been completed, the price looks to be aiming for the previous lows for potential breakdowns or complete with the initial setup for a long position.
This market looks to be entering a volatile state and we can expect "major movements" giving the opportunity to benefit greatly overall.
With proper risk management, this trade setup has the potential to be observed and experienced as an investment.
This is not a signal and is not recommended to Leverage or Enter this Trade.
NZDUSD SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
NAS100 Buy Opportunity: Technical and Market AnalysisNAS100 Buy Opportunity: Technical and Market Analysis
Technical Analysis
1. Breakout Above Trend Line:
• The NAS100 has successfully broken out of a long-term descending trend line, signaling a reversal from bearish momentum to bullish strength.
• This breakout is further supported by sustained bullish candles, confirming a shift in market sentiment.
2. Key Resistance Levels Breached:
• The price recently broke above a significant resistance level at 21,500, turning it into a support zone.
• With this key resistance cleared, the next target levels are 21,750 and 22,000 in the short term.
3. Support Levels:
• Strong support is visible around 21,400, which aligns with the trendline retest and consolidation area.
• The 21,150 level provides additional downside protection, serving as a critical pivot.
4. Momentum Indicators:
• Stochastic Divergence: Momentum remains bullish, with no signs of overbought conditions, suggesting room for further upward movement.
• Volume Surge: The breakout was accompanied by increased volume, validating the strength of the upward move.
Market Analysis
1. Trump’s Presidential Inauguration:
• Markets often react positively to pro-business policies, which are historically associated with Trump’s administration.
• Investor sentiment today is driven by expectations of renewed focus on technology growth, infrastructure spending, and potential tax cuts. These policies directly benefit tech-heavy indices like NAS100.
2. Tech Sector Performance:
• The NAS100 heavily relies on major tech companies, which are likely to see increased investment flows due to optimism about innovation and deregulation.
3. Speculative Sentiment:
• Political transitions fuel short-term speculative buying, further adding to the index’s upside momentum.
Buy Opportunity
1. Entry Zone:
• Current price levels around 21,500–21,550 present a strong buying opportunity, as this zone has become a solid support after the breakout.
2. Target Levels:
• Short-term target: 21,750.
• Medium-term target: 22,000, aligning with psychological resistance and historical price zones.
3. Stop Loss:
• Place a stop loss below the support level at 21,400, allowing room for minor pullbacks while limiting downside risk.
Conclusion
The NAS100 is positioned for further upside due to the trendline breakout, strong technical setup, and positive market sentiment fueled by Trump’s inauguration. Buyers should focus on buying dips near support zones to capitalize on the ongoing bullish momentum.