RELAXO FOOTWEARS HAVE A STRONG GROUND SUPPORT...NSE:RELAXO trade at 820 level. Stocks take a multiple support at 750-780 range. You can watch for an Upside move at 980 level...
Ressistance
BABA Double Top: GAP FILL AHEADLook for BABA to consolidate some more and bounce off the previous resistance. I think we could see some quick price movement through the gap. Look for a bullish bias and for BABA to fill the gap this week.
Gold Market Analysis: Short-Term Targets and Long-Term OutlookIn the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East.
Looking at the chart, we can see that the price of gold is experiencing a slight decline while attempting to maintain above the crucial resistance level of 2,400 USD. However, the upward trend remains intact and is expected to continue into the following week. The short-term target is the 2,400 USD mark, with potential further advancement towards the psychological level of 2,431 USD.
USDCHF shortUSDCHF reaching major resistance area on the 1D chart. Possible bearish movement of about 180 pips.
Technical Analysis: Positive Signals for EUR/USD GrowthEUR/USD is holding steady at 1.0850 at the beginning of Tuesday in Europe. This is explained by the weakening of the US dollar (USD), which has pushed the EUR/USD exchange rate sharply higher, once again bringing it back to the 1.0860 area at the start of the week.
Based on technical indicators, we see positive signs for the rise of EUR/USD. The simple moving average (SMA) is adjusting prices and indicating signs of an upward trend. Additionally, the Relative Strength Index (RSI) is trading above the 50 level, which is also a positive sign. This index shows that buying pressure is increasing, potentially adding to the upward pressure on prices in the market.
However, investors still need to carefully consider risk factors, including the global economic situation and political fluctuations. A thorough evaluation of potential profit and risk is the key to making effective investment decisions.
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market.
🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it.
📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume.
💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend.
❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
Decline in the Yen (UJ) impacts the Dollar (USD)During the past trading week, the USDJPY currency pair closed at 151.342. This signifies that within the market context, the Japanese Yen has maintained its strength against the US Dollar. Based on these developments, the forecast for the upcoming week is for the downward trend to persist.
From a technical standpoint, charts and technical indicators have indicated a significant decline in USDJPY. This occurrence typically arises when concerns regarding the US economy emerge. Additionally, from a fundamental perspective, economic data has also pointed towards some uncertainties surrounding the US economy, leading to an increase in demand for the Yen (UJ). This could potentially result in a depreciation of the Dollar (USD) against the Yen (UJ) in the upcoming period.
📈Bullish on Shiba: Potential for Strong Rally🚀🔥🔍Today's analysis focuses on Shiba Coin (SHIB) in the daily timeframe, where it has recently experienced a remarkable 417% growth, showcasing its significant potential. SHIB is among the most popular meme coins in the market, boasting a large community of loyal holders.
📈Following such a powerful upward movement, a correction is entirely natural and essential for sustaining a healthy trend. A trend line from the weekly timeframe has been broken, indicating the extent of the 417% movement.
🛒Currently, the price is stabilizing, suggesting that considering spot buying within this range could be prudent. If the price begins to correct, waiting for confirmation candles within the range of 0.000015 to 0.000018 could be a strategic entry point.
💎Alternatively, a scenario where the price finds support upon reaching the SMA25 for its next move is plausible. If the market fails to initiate movement upon reaching the SMA, patience for Fibonacci levels may be necessary.
🚀For futures trading, it's advisable to sideline Shiba Coin and explore other options, considering its tendency for volatile movements and potential for easy liquidation.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Bitcoin dont get fooled!!I really like to se this scenario taking place for the rest of the week but it can keep runing higher and se some tipe of retracement friday.
Waiting for poweel speaks 16.35 EST today for confirmation.
NAS100Peace be upon you, traders, today I want to clarify this analysis that I did with the sniper strategy. I determined the order block, the meteorology block, and the Fibonacci, in which I relied on the most important levels, which are 50%, 61%, 75%, and finally 79%, which is the most important point because it is the maximum. A point to correct the wave, which point is the best of all.
rectangle pattern If this rectangle is broken in any direction, Bitcoin can move in that direction
Currently, the momentum of the chart is bullish, if Bitcoin continues to move, the chart will be updated by observing other patterns. Support and resistance ranges are clear in the chart
Good Luck
Wait to buy DogeTo reach the next resistance, Dogecoin can have a small correction to the range of $0.065. The next supports and resistances are clear in the picture and there must be enough momentum to break them. The last resistance identified in the image is related to the support that was broken in the previous analysis and it is important
Ethereum is in a tight price zoneWhat is clearly visible in this picture is that Ethereum has built a resistance in the $1936 area and I expect a drop from this area to the short-term upward trend line. If there is no support in this trend line, it can fall to the next support, which is the $1700 area.
If the $1936 resistance is broken, the next resistance is the $2000 area
BTC dynamic and static LinesBTC dynamic and static Lines in daily time frame. also we have a huge supply zone (10 percent wide). so be careful on your long trades.
BTC down ...?By reaching the end of the leg, you can expect a sharp drop, as we know, Bitcoin is the first time in these eight months that it sees the price above 30 thousand dollars.
WHEAT FUTURES Weekly Technical AnalysisZW1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
SQ - Rising Trend [MIDTERM]- SQ is in a rising trend channel in the medium long term.
- SQ is moving within a rectangle formation between support at 44 and resistance at 90.
- A decisive break through one of these levels indicates the new direction for the stock.
- The price has reacted back after the break of the double bottom formation.
- There is support around 71.5, which now indicates good buying opportunities.
- An established break through this support will neutralize the positive signal.
- SQ has marginally broken up through resistance at 71.5.
- SQ is overall assessed as technically positive for the medium long term.
SQQQ Simple Chart AnalysisSQQQ - Rst 40.17 Supp 33.2
Vice versa of TQQQ, current chart looks supported here. So if Nasdaq retrace, this will rise.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
GOLD, breaking 1870$ possible but not easyThe latest new about the deceasing of the unemployed and the increasing in salary is supporting the inflation ratio, and because of that we may see the gold breaking the 1870$ level, but before of this we will see the gold approach in 1829$ because of the strange resistance in 1870$
