NZD/USD has failed to sustain the upside above 0.5800. While below 0.6010/0.6060, the downtrend is set to persist, economists at Société Générale report. “NZD/USD recently formed an interim low near the lower limit of a multi-month down sloping channel at 0.5565 which is also a trend line drawn since 2009.” “An initial bounce is taking shape; the 50 DMA near...
CADCHF broke the above trend line that market have been respecting for the last 2 years & 6 months. When a 2+ year trendline have been broken the market is trying to tell us something, if you look close enough you'll see market dropped 680 pips to break that trendline and is currently consolidating that move. When market decides to break the previous low made...
I previously collected -347 pips ( -5%) from AUDUSD, market came and retested my support area ( now resistance area) around 0.65264 signaling more weakness to come. Any retest should be seen as a selling opportunity, I expect market to fall towards 0.61300, a -275 pips (-4.3%) move from market current position. Despite a strong start in July, the Australian Dollar...
NZD/USD retreats from a nearly two-week high set earlier this Thursday amid fresh USD buying. Bets for more aggressive Fed rate hikes and elevated US bond yields continue to boost the buck. Recession fears weigh on investors’ sentiment and also exert pressure on the risk-sensitive kiwi. The NZD/USD pair struggles to find acceptance above the 0.5800 mark for the...
The last EURO trade posted hit my SL, it happens from time to time. However in light of renewed USD strength because of persistent inflation i see EUR/USD continuing the downtrend. "Dollar strength remains the main hindrance to recovery in the pair, but the domestic picture is still far from looking appealing to investors. Despite a smaller-than-expected slump in...
“The dollar remains the main beneficiary of rising US (real) yields in a persistent risk-off context.” “Geopolitical and recessionary risks are bigger for Europe, holding down the single currency as well even as the European Central Bank finally embraced on a tightening cycle.” “Resistance stands at 0.9950/1.0050. The YTD low stands at 0.9536.” EUR/USD is in a...
Silver (XAG/USD) maintains the top. Therefore I expect the precious metal to plunge towards a decisive break below the September 16 low of 18.76, which would indicate that this month’s rebound was a dead-cat bounce, raising the prospect of a retest of the September 1 low of 17.53. Furthermore, a decisive break below 17.53 would be a sign that silver had resumed...
NIFTY we are hitting the resistance areas and is likely to see consolidation and rotation play today. 1. Hold of NF 1255F areas we are likely to see consolidation and rotation to the downside 2. A pullback and test of 11140F areas, and a rotation on the upside from there.
NIFTY Futures key references are at 11320F and 11250F. 1. break and hold below 11250F for a test to 11180F 2. Hold above 11250F for a test to 11320F areas and a rotation from there. 3. Hold above 11370F for a move to 11450F
NIFTY has immediate trend decider at 11490F for a bearish or a range bound view after the late breakdown on friday. Continuing to trade longer below the 11550 areas we will look for more bearish inflections. Immediate swing hurdle lies at 11530-550F areas. 1. Downside potential targets are are 11450 ( Friday Low ) and 11550 2. Hold above 11530 can see a pull...
NIFTY Futures against the backdrop of a gapdown on global cues. We will watch on how it plays and hold above 11550F areas- Hold above for a test of 11585-90 F & Rotation from there. Break above 11 5595F for a move to 11630/11670F Break below 11520F for a test of 11490F and lower
#NF Looking for rotational play until the range 11550-11500F Holds Break out play abv 11560F . Another area of support is the 11435-60F band. Not much crack expected until we hold that zone. core play is long side rotation until 11500F holds. Surprises do pop up when we least expect it. so we will be mindful of intraday play
Here is a multi time frame analaysis view for NF based on price and volume profile. Key swing hurdle at 11510-11550F. Confirmation neede on whether this the pullback retracement is complete. Hold below 11410F will confirm that and will offer a low risk swing pullback trade here. Aggresive entries on LTF can be done at CMP with stops above 11550F. On the...
NIFTY key zones 11340-50F. 1. Hold into that look to test 11420F areas 2. Pullback and hold 11300F for a bounce to 11350F 3. break below 11300F for a test of 11270F/11240F
NIFTY morning spike low is at a potential target zone (11170F). we have to validate a hold or break of this region. 1. look to trade pullbacks to 11320-340 & rotation from those zones. 2. Look for short on break below 11224 for a test of 11175 regions 3. Look for breakout trade for hold above 11340F for a test of 11420F
NIFTY futures, we have a gap opening here . not easy to play big gaps as risks on positions increase. Will look for a pullback to 11430F and a hold there to test the zones and pullback from there. Bears in total control if 11330-320F breaks down for a test of 11180F Bullish only above hold of 11450F for 11520F or for pullbacks from opening lows for the test of...