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£INFIBEAM 17 TGT 26 47% Buy Recommended - Rachit SethiaINFIBEAM 17.75 TARGET 26 SL 13 Return 47% RR > 2 TF < 6 Months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:INFIBEAMLong
by Rachit_Sethia
7
SWING IDEA - GSFCTechnically the stock looks good. There are multiple confirmations for the same. The reasons are stated below : stock is in a uptrend and corrected till the 0.618 zone (golden zone) 50EMA support in daily TF created a 'W' pattern a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles) Stock could easily move unto 193-198.65 levels in coming weeks. 198.65 is all the high for this stock. 1st target will be 193-198 2nd target will be 211 SL - daily close below 165
NSE:GSFCLong
by Visionary_Growth_Insights
💡Gold: Rises in Asian Session on Technical CorrectionDuring the early Asian session, gold experienced an increase, signaling a probable technical upward correction following a 1.15% decline in the front-month Comex gold for January delivery on Wednesday. According to Daniel Ghali, senior commodity strategist at TD Securities, robust buying activity in China is bolstering gold prices. In a recent research report, Ghali highlights that the top ten traders on the Shanghai Futures Exchange have augmented their net long positions by nearly 10 tons since the New Year holidays. Currently, spot gold is showing a 0.1% rise, reaching $2,008.75 per ounce.
OANDA:XAUUSDShort
by Stone_Haven
Ethereum can reach resistance line and then rebound down from itHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price a few time ago started to trades in an upward channel, where it at once rebounded from the support line and rose higher than the 2030 support level, which coincided with the buyer zone, breaking this level. After this, ETH in a short time declined to support line of the channel, after which it rebounded and made a strong impulse up to the resistance line, breaking the 2030 level again. Then price turned around from the resistance line and made little correction, after which ETH continued to move up to the current support level, which coincided with the support area. When Ethereum reached this level, it rebounded and made a correction to the support line of the channel, after which the price bounced and made a strong upward impulse to 2720 points, thereby breaking the 2400 support level and exiting from the upward channel. After this, the price in a short time declined below the resistance line, thereby making a fake breakout and now it trades below. In my mind, Ethereum can grow to a resistance line, after which the price will bounce and start to decline to the 2400 support level, therefore I set my target at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Gold Trade ChannelFor the last weeks, Gold has been closely trading in between the diagonal support and resistance. The question now is: Where is it going next? We can expect a good Risk to Reward in both directions. I will wait for a break in a certain direction and wait for the retest afterward. More likely after the Higher inflation data and tensions in the Red Sea with the Hauthi rebels spike up is expected. However, the dollar was showing resistance with the better-than-expected economic data last two weeks so consolidation is also on the table. What is your idea or view? Comment below and lets make a nice and positive discussion.
OANDA:XAUUSD
by Elite_Forex
USDJPY: Get good support for price increasesHello dear friends, do you think USDJPY will increase or decrease today? Currently, the USDJPY currency pair is receiving quite good upward momentum with many factors supporting this recovery. - Regarding the first factor: USDJPY has completely exited the trend and the downtrend line shows that the strong momentum of buyers has returned. - Regarding the second factor: After the price adjustment to the 0.5 Fibonacci zone, the price started to rebound again, this is a perfect DOW sign showing huge buying power from investors. With the above two factors, we will prioritize the Buy USDJPY strategy with favorable conditions to take profits at the two main milestones of 146.55 and then at 148.32. And you, what are your ideas about USDJPY?
by Karina_Bella
GBPUSD | COULD BE A GOOD BUYHey Traders 👋 Quick update on GBPUSD. Remember the trade we rolled out on Monday? It clocked in a cool 30+ pips before taking a bit of a breather. Looks like it's not done yet. I'm seeing a solid chance for a continued push upwards. So, it's a new trade, but sticking with the same setup as before. The 1-hour chart shows a new wedge pattern and looking at institutional data GBP is gaining ground against the dollar, things are looking pretty upbeat for this setup. 🎯📈
Long
by FX-TradingLions
$ALRS is a well-growing company. Idea is here.MOEX:ALRS reached a high of the building. But this is just an intermediate step to jump to the building much higher. To proceed with this plan, it will loose a part of capitalization for a while. Till 75 to prepare an opportunity for getting better impulse to the level of 107. Buy - 80-75 Sell - 100-110 Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
RUS:ALRSLong
by furoreggs
GBPUSD | I BELIEVE COULD BE A GOOD BUYHey Traders! I'm currently eyeing GBPUSD as a solid buy opportunity. Here's why: we're seeing a clear uptrend, and importantly, it's just broken through a key monthly pivot point. What's more convincing is the formation of a 4-hour bullish engulfing candlestick pattern. Also, the 1-hour chart shows a double bottom that's successfully broken its neckline. After a brief pullback, it seems poised to retest its previous top levels. Keep an eye on the 1.28000 mark. It's shaping up to be a strong resistance level, but if it's breached, we could be looking at some serious gains. However, always remember to manage your risks wisely. I'd suggest setting your first take profit target within the 20-40 pips range.
Long
by FX-TradingLions
GBPUSD is trending upAfter a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the widespread expectation that the Fed will begin cutting interest rates in 2024, as well as signals suggesting a potential economic slowdown in the US this year. However, due to the minutes of the meeting showing significant uncertainty about the prospect of a Fed rate cut, the expectations for an early rate cut in March have gradually diminished. This has created resistance to further upward movement in gold prices and made the downside risks more fragile. Bulls need to break the key resistance between $2,052 and $2,058 to initiate new bullish momentum and achieve a stronger recovery. Breaking this range, bulls will face strong resistance at $2,063-$2,066 to strengthen the bullish structure and attempt to break above $2,100 again. However, as the New York session progresses, a series of data releases have not supported this structure, increasing the risk of further downside for gold prices. In this context, the fragility of gold prices needs to adjust downward until testing the upward trend support at $2,009. In terms of trading strategy, it is recommended to go short at highs.
by NicoTradingMaster
Today's GBPUSD trading strategy will be slightly bearishIt’s a wild ride in the world of currency! Recent news about UK inflation is turning heads. The British Retail Consortium (BRC) shared that retail prices climbed by 4.3% in the year leading to December. But wait, there's more! Food prices’ inflation slowed down to 6.7% from 7.8% the previous month. MUFG, the wizards of financial insight, pointed out that this data signals a cool-down in inflation risks. Numbers don’t lie – the 6-month annual rate until November stood at a mere 0.6%, while the core rate was a modest 2.4%. Inflation's coming down as fast as it shot up in the year’s first half. But hold on tight! The GBP/USD seems to be in for a bumpy ride. Why, you ask? Well, the Fed's tough stance on rates is playing its part, giving the pound a bit of a weight to carry. And there's more drama—UK’s economic growth seems to be slowing down. Brace yourself, as experts foresee a possible drop in the GBP/USD, eyeing that support level of 1.2580. Mark your calendar, as the next UK inflation data’s making an entrance on January 17. Hey, it's not all numbers and graphs! Let’s peek into the UK economy’s mood. The Institute of Directors (IoD) had a rollercoaster ride with their confidence index. After a gradual climb since June, it stumbled down to -28 from -21 in November. Costs and wages expectations? They’re sky-high, hinting at some heavy inflation pressures. The IoD’s Policy Director, Roger Parker, spilled the tea on rising interest rates, saying it's been a bit of a downer. According to Parker, improvements in inflation haven’t quite hit the decision-making part of the business.
Short
by carefulLion07pab
1
EURUSD will increase strongly again todayThe EUR/USD, which is like the tag team of the Euro and the US dollar, didn't really do much when the December Fed minutes came out. It kind of shrugged and kept going down, hitting 1.0895, the lowest it's been since December 19th. That's like the slide at the park—it just kept going down. Traders seemed all about taking risks, and that made the EUR/USD pair keep sliding. It's like they're in a mood for adventure, and that's not doing any favors for our Euro/USD duo. Now, imagine this Ichimoku cloud thing and a 50-period moving average as sort of traffic signals on the trading highway. Well, our pair just zoomed past them, going below, and that's usually a signal that things might not be looking so bright. Also, they did this funky move where a price that used to be all supportive at 1.1017 turned into a roadblock. That number was a big deal back in November and December, like a huge "STOP" sign for our Euro and USD buddies. And here's where the Relative Strength Index, or RSI, jumps into the party. It's dropped so low that it's oversold! Sounds like it needs a pick-me-up. So, what does this mean? Well, it's like when you've been on a slide for too long, and you're really low down. For the Euro/USD pair, it means things might keep being a bit gloomy, and the next stop might be at 1.0850. This number's like a checkpoint along a line that connects the lowest points since October.
Long
by carefulLion07pab
GOLD is expected to fluctuate slightly todayGold is poised to mark its first weekly decline in a month on Friday, as the U.S. dollar gains support from fading expectations of an early interest rate cut. Investors are eagerly awaiting a key employment report later in the day to glean further insights into the future of interest rates. The dollar index is on track to register its best weekly performance since July 2023, making the precious metal more expensive for holders of other currencies. The shift reflects the ongoing strength in the U.S. labour market, evidenced by Thursday's data revealing a larger-than-expected decline in new jobless claims and increased private sector hiring in December. Minutes from the Federal Reserve's meeting held on December 12 and 13 indicate a growing sense among policymakers that inflation is under control. However, there remains a high degree of uncertainty regarding expectations for interest rate cuts. This ambiguity has contributed to a cautious approach in the market. The decline in interest rates diminishes the opportunity cost of holding non-yielding assets like gold. According to the CME Group's FedWatch Tool, which monitors trader bets on interest rate movements, market expectations for a rate cut in March have dropped to 65%, compared to 90% the previous week. This shift reflects a reassessment of the economic landscape.
TVC:GOLDShort
by carefulLion07pab
What do you think about my XAUUSD trading strategy today? Let meAh, the glittering world of gold! It's like a treasure hunt in a maze filled with news and whispers. Picture this: a Thursday morning where the gold market is as quiet as a library, all due to that sneaky non-farm payroll announcement peeking around the corner on Friday. It’s like everyone's holding their breath, waiting for that big news to drop, hoping it won't ruffle too many feathers. Why all the hush-hush, you ask? Well, that announcement’s got a hefty influence on the bond market. And guess what? Bonds and gold are like old pals. They often do a little dance together. When interest rates decide to take a dip, gold tends to shine brighter than a disco ball. But flip the script, increase those rates, and suddenly gold's sparkle fades a bit. It's like playing a seesaw with your investments! Speaking of friends, let's not forget geopolitics – that nosy neighbor always sticking its nose where it doesn't belong. Sometimes it causes a stir, boosting the demand for our shiny friend, gold. When people start getting jittery about global affairs, they often turn to gold like it's a security blanket. It's the superhero cape of investments in uncertain times! Now, the US dollar – that's another player in this game. Its strength or weakness can make gold jitterbug or tap dance on the market floor. A weaker dollar usually gives gold a boost, while a strong one might dim its spotlight. But hey, gold's got a bit of a trick up its sleeve – it doesn’t pay out interest. That might sound like a snooze fest in a world where everyone wants a little extra moolah, but in the land of investments, sometimes stability outweighs the allure of a quick buck.
OANDA:XAUUSDShort
by carefulLion07pab
EURO - Price can bounce down from resistance line to $1.0800Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded near support level, which coincided with support area, but soon it declined below to support line of pennant. After this, EUR in a short time rose back, thereby making fake breakout of $1.0775 level and later it made upward impulse. Price reached resistance level, which coincided with resistance area, and at once made correction, after which continued to grow. Euro in a short time rose to resistance line of pennant, but later it bounced and made downward impulse to support line. Also, price broke $1.1000 level, and now EUR trades very near to resistance line of pennant. I think, Euro can rise ot resistance line and then bounce down to $1.0800, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
XAUUSD: Analyze gold price trends todayGold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest rates soon ( Fed). This is underpinned by a further rise in US Treasury yields, which, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.
OANDA:XAUUSDShort
by NicoTradingMaster
💡December Bank of England Survey Reveals Divergent Views The most recent survey from the Bank of England Decision Maker Panel (DMP) in December is likely to maintain a division within the committee regarding the outlook on interest rates. Those leaning towards a more cautious approach will highlight the ongoing decline in inflation expectations. The 1-3 year ahead expectations, calculated on a three-month average basis, dropped by 4.3% and 3.1%, compared to the previous figures of 4.6% and 3.2%, respectively. On the contrary, proponents of a firmer monetary stance will emphasize the persistent lack of advancement in wage growth. Year-ahead expectations for wage growth increased by 0.1 percentage points to reach 5.2%. Additionally, Catherine Mann, a dissenting member with a hawkish stance who advocated for a 25 basis points hike in the December meeting, had previously highlighted concerns about price pressures originating from firms' expectations. This aspect was a crucial factor in her decision to vote in favor of higher interest rates.
Short
by Stone_Haven
Today's gold strategy will increase slowly againSpot Spot Gold's advance from its mid-December $1,974 per troy ounce low has briefly exceeded the 2020, 2022 and May 2023 highs at $2,070 to $2,082 by rising to $2,088 on Thursday before giving back some of its recent gains and slipping to $2,059 on Friday. Earlier today the precious metal resumed its ascent on increasing geopolitical tensions in the Res Sea and is on track to revisit last week's $2,088 peak. Only a fall through Friday's $2,059 low would put the 21 December high at $2,055 and the mid-December high at $2,048 on the map.Spot Spot Silver (5000oz)'s rally off last week's $23.54 per troy ounce low, made between the 200- and 55-day simple moving averages (SMA) at $23.67 to $23.57, is gaining traction with the mid-December high at $24.29 being in focus. Further up sits the 22 December high at $24.60.
TVC:GOLDLong
by carefulLion07pab
XAUUSD trading strategy today will increaseThe $2,050 level stands out as a pivotal point, having demonstrated substantial resistance across multiple instances. This price threshold demands vigilant observation from market participants due to its historical significance. While the market seems to be inching closer to this critical level, it's essential to recognize a notable trend: the market tends to allure buyers when experiencing downward movements. This observation is not limited to the current market scenario but potentially extends to the overarching outlook for 2024. Despite the approaching $2,050 resistance, the market's predisposition to attract buyers during price dips could shape the overall trajectory of gold in the coming year. Delving deeper into price dynamics, the $2,000 level emerges as a sturdy foundational support for the gold market's future movements. Consequently, any market activity near this price point is anticipated to draw significant attention. Adding to its significance, the convergence of the 50-Day Exponential Moving Average (EMA) in this vicinity provides further rationale to consider it an appealing buying opportunity.
OANDA:XAUUSDLong
by carefulLion07pab
The Euro's recent escapades with the US dollar have The Euro's dance with the US dollar last Thursday painted a curious picture - a spirited attempt to soar, only to stumble in the face of market fatigue, as if gravity suddenly remembered its role in the financial theatrics. This weariness isn't a solo act; it has accomplices. The Euro's recent surge stretched its limits, much like a rubber band pulled too far. And the timing? Well, it's the season of not just festivities but also fiscal scarcity. Liquidity tends to play hide-and-seek during this time of the year, leaving the market feeling a bit parched. The market's recent trajectory resembled a rocket's flight path - an upward surge that now seems to be enjoying a pause mid-air. This break isn't just a breather; it's a sigh of relief echoing across the boardrooms and trading floors. Ah, the holiday season! Nestled between the echoes of Christmas and the countdown to New Year's, it's a time when the market dynamics sway to a different tune. Prominent traders, much like eager kids waiting for the last firework to burst before the show's finale, choose to sit this one out. There's a unanimous decision to trade the trading for a while, thanks to the holiday mood casting its spell. It's not just a lull; it's the hush before the year-end storm. Most folks aren't glued to their screens analyzing FX trends; they're too busy contemplating the best roast turkey recipe or debating who'll win the family game of charades. The market, in its current subdued state, seems to be in harmony with the general mood - serene and taking a holiday siesta.
Long
by carefulLion07pab