TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential.
Technical Signals:
EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support.
Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence.
RSI : Above 50, supporting bullish momentum.
Levels to Watch:
Support : ₹3,995.45 – Reliable base.
Immediate Resistance : ₹4,411.25
Final Target : ₹4,587.95 – Top of the channel.
Trade Setup:
Entry: On pullbacks or above ₹4,217.30.
Stop Loss : Below ₹3,995.45.
Target : ₹4,411.25 - ₹4,587.95.
Tradingsignals
Gold price analysis November 7Fundamental Analysis
Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election.
Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome.
The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November.
Technical Analysis
After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
Nifty Bank Index Analysis (30-Minute Chart)Key Observations:
1.Fibonacci Retracement Levels:
The chart shows a clear downtrend from around 54,497 to the recent low near 50,279.
Key retracement levels include:
23.6% Retracement : Around 53,497, indicating minor resistance.
38.2% Retracement : Near 52,882, a level that has acted as resistance multiple times.
50% Retracement : Around 52,385, which has been retested recently.
78.6% Retracement is seen at 51,180.8, a key level of support.
2.Moving Averages (MA):
The 30-minute chart shows price movement interacting with multiple MAs.
The 200-period MA is an essential indicator of trend direction and resistance/support.
Shorter MAs like the 20 and 50 periods can highlight entry points during trend reversals.
3.Support and Resistance Levels:
Resistance: 52,389.90 and 53,497.15. Breaking these could signal bullish momentum.
Support: 51,195.90 and a lower support at 50,279.50, which marks the recent low.
4.Trendline Channels:
The index is moving within a channel, with an upward support trendline. The price respecting these levels might suggest range-bound movement with breakout potential.
3.Volume Analysis:
Recent volume spikes align with price testing key resistance levels, hinting at possible rejection or continuation if volume sustains.
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump.
The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%.
“While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar",
“With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.”
This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper
🔥 XAUUSD BUY LIMIT 2649 - 2647🔥
✅TP1: 2660
✅TP2: 2670
✅TP3: OPEN
🚫SL: 2638
🔥 XAUUSD SELL LIMIT 2676 - 2674🔥
✅TP1: 2665
✅TP2: 2655
✅TP3: OPEN
🚫SL: 2685
Bitcoin - Time to buy again!I was just waiting for the elections to be over. Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when two or three candles close above this resistance. If this happens, you know better than I do what will happen next !!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BINANCE:BTCUSDT
Give me some energy !!!Finally, Bitcoin managed to go above the cup and handle resistance in the weekly timeframe, but it hasn't fully broken it yet. We need to wait for the weekly candle to close above this resistance. If that happens, we can anticipate the biggest rally in Bitcoin's history. That's it!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Potential Correction Ahead for Waaree Energies Ltd After Strong Analysis:
1.Price Surge and Overextension: Waaree Energies Ltd has witnessed a sharp upward move, pushing prices significantly higher in a short period. This steep ascent could indicate an overextension, making the stock vulnerable to a pullback or consolidation phase.
2.Resistance Levels:
Immediate resistance is observed around the 3,600 level, with another support/resistance flip level near 3,300. Price nearing these levels might trigger profit-taking or selling pressure from short-term traders.
3.Overbought RSI Indicator: The RSI is currently in overbought territory, signaling an overvalued condition. Historically, an RSI above 70 often suggests a cooling-off period might be near, as buying momentum may slow down.
4.Volume Insights: The recent price rally has been accompanied by high volume, which validates the strength of the trend. However, any decrease in volume while the price stays elevated could indicate waning buying interest, strengthening the case for a correction.
Conclusion: Given the steep rise, overbought RSI, and proximity to resistance, caution is advised. A healthy correction could provide better entry opportunities. Monitor for potential reversal signals and volume changes to gauge the sustainability of this trend.
Trade Idea: Consider waiting for confirmation of a pullback or consolidation before entering new positions. Key support areas for potential retracement include 3,300, 2,625, and 2,280.
PAYTM Ascending triangle PatternPaytm Daily Chart Analysis
This daily chart of ONE 97 Communications Ltd (Paytm) shows a strong uptrend with prices consistently following an ascending trendline, forming a triangle pattern with higher lows. The stock is currently testing the resistance zone around ₹780 - ₹790, which aligns with previous rejections.
Key Observations:
1. Triangle Pattern Formation: A triangle pattern is forming as the price consolidates within narrowing boundaries, indicating a possible breakout soon. The lower trendline has acted as strong support throughout this rally.
2. EMA Support: The price is trading above the 13, 48, and 200 EMA levels, signaling a bullish sentiment. These EMAs have provided reliable support, reinforcing the ongoing uptrend.
3. Volume Analysis: There is steady volume, with spikes on green days, suggesting accumulation. This volume behavior often precedes a breakout, where a significant volume increase can confirm the direction.
4. Resistance Levels: The key resistance levels to watch are ₹790 and ₹803. A breakout above these levels, especially with high volume, could push the stock into new highs.
5. Potential Scenarios:
• Bullish Breakout: If the price closes above ₹790 with strong volume, it may lead to a breakout, targeting ₹850 and higher.
• Reversal Scenario: If it fails to break ₹790 and reverses, it may retest the support around ₹748. A breakdown below this support could lead to further downside toward ₹700 or lower.
RSI: The RSI is around 59, indicating mild bullish momentum. Watch for an RSI break above 60 to confirm strength on a potential breakout.
Summary: Paytm’s price action suggests a high probability of a breakout. Traders should watch for a close above ₹790 for confirmation. Maintain caution around resistance and support levels, as a failed breakout could lead to a pullback.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial or trading advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
USD/CAD Weekly Technical AnalysisTrendline and Support Levels:
The USD/CAD pair is following a long-term uptrend, as highlighted by the purple ascending trendline. This trendline has acted as dynamic support since 2021, with multiple price bounces validating its strength.
Key support levels are marked at 1.33647, 1.31234, and 1.29767. These levels represent potential areas where buyers could re-enter if the price retraces, providing strong zones of interest for long-term traders.
Resistance Levels:
Immediate resistance is observed around 1.38439, which aligns with recent price rejection. This level has historically acted as both support and resistance, making it an important area to watch.
The critical resistance is located at 1.40130. A breakout above this level could signal further bullish momentum, potentially leading to a new high.
Volume Profile Analysis:
The volume profile (visible range) shows a high concentration of trading volume around the 1.33647 level, indicating a significant area of price acceptance. This zone could act as strong support if the price moves down, as traders may view it as a fair value level.
RSI (Relative Strength Index):
The RSI appears to be in a neutral range, hovering near the 50 mark, indicating neither overbought nor oversold conditions. However, it would be prudent to monitor RSI for any breakout above 70 or drop below 30, which could signal potential trend reversals or continuation.
Volume Analysis:
Volume has shown occasional spikes, reflecting heightened activity during key price movements. However, recent weeks have seen average volume levels, suggesting a steady interest from traders without excessive volatility.
Outlook and Strategy:
Bullish Scenario: A breakout above 1.40130 could trigger further upside momentum, making higher levels a target for long-term bulls. Watch for confirmation through strong bullish candlesticks and increased volume.
Bearish Scenario: If the price fails to hold above 1.38439 and closes below the trendline, it could signal a reversal or consolidation phase, with 1.33647 as a key downside target. Traders should watch for bearish signals like a break below the trendline and potential RSI divergence.
Conclusion: USD/CAD is currently trading near a significant resistance level, testing the strength of the ongoing uptrend. Traders should watch for a breakout above 1.40130 to confirm bullish momentum, while a break below the trendline could suggest consolidation or a potential reversal. Patience is advised as the price approaches these key levels.
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis
Price Action
Current Price: GOATUSDT is trading at approximately $0.49876 after a recent downturn of -5.70%.
Trend Analysis: The chart shows a general upward trend that peaked recently, followed by a pullback with the price consolidating near support levels. This could indicate a potential continuation of the uptrend if buyers step in.
Support and Resistance Levels:
Resistance: Near recent high at approximately $0.60.
Support: Established around $0.47 and potentially at the lower level near $0.40 if the downtrend continues.
Volume Analysis
Volume Spikes: High volume accompanies large moves, which suggests strong participation. Current volume is moderately high but shows a mix of buying and selling pressure.
Current Volume: 1.388 million, indicating decent interest and liquidity in the asset.
Indicators Analysis
VMC Cipher B:
The VMC Cipher B indicator suggests possible bullish divergences as highlighted by the green dots at the bottom, which could signal a reversal or strength in the trend.
A recent negative value of -4.44913 may suggest a slight bearish bias, but the divergence could support a potential bounce.
RSI (Relative Strength Index):
Current RSI is around 47.48, near the middle of the range, indicating a neutral position. RSI is neither overbought nor oversold, which could mean room for movement in either direction.
Stochastic:
The Stochastic indicator is showing a reading of 56.67 for the %K line and 47.15 for the %D line, suggesting a neutral to slightly bullish stance. If the Stochastic turns up, it could indicate a buying opportunity.
HMA Histogram:
The HMA (Hull Moving Average) Histogram is slightly negative, at -0.00460, which implies a weak bearish momentum. If it crosses into positive territory, it could confirm a reversal.
Trading Plan
Strategy: Swing Trading
Entry Points:
Bullish Entry: If the price finds support above $0.47 and breaks above $0.52, consider entering long with a target towards the $0.60 resistance.
Bearish Entry: If the price breaks below $0.47 with strong volume, it could signal further downside to the $0.40 support, allowing for a short-term short trade.
Stop Loss:
Long Trades: Place a stop loss below $0.47 to avoid major downside risk if support fails.
Short Trades: For bearish trades, consider a stop loss just above $0.52 to minimize loss if the price reverses.
Profit Targets:
Primary Target: $0.60 for bullish trades, as this has been a recent resistance level.
Secondary Target: In case of a strong breakout above $0.60, look for additional upside targets at $0.70 or higher.
For Short Trades: The target could be around $0.40 if bearish momentum continues.
Risk Management:
Risk-Reward Ratio: Aim for a minimum risk-reward ratio of 1:2 to ensure favorable trade conditions.
Position Sizing: Based on volatility, consider allocating a smaller position size to manage risk effectively, especially given the recent pullbacks.
Monitoring:
Watch for signals from the VMC Cipher B and HMA Histogram. A positive HMA Histogram and bullish divergence on VMC Cipher B would be strong confirmation for a long position.
Keep an eye on the volume; increasing volume on upward moves would reinforce a bullish stance, while high volume on down moves may indicate a need to exit or go short.
Gold price analysis November 4Fundamental Analysis
Gold prices traded in positive territory on Monday. The US presidential election risks and ongoing geopolitical tensions in the Middle East are likely to support the yellow metal, a traditional safe-haven asset, in the near term. However, renewed demand for the greenback and higher US bond yields could limit gold’s upside as higher yields make non-yielding assets such as bullion less attractive by comparison.
Investors will be closely watching the upcoming US presidential election on Tuesday. Attention will turn to the US Federal Reserve’s interest rate decision on Thursday. Uncertainty over the US election outcome is one reason why markets are betting on the Fed cutting interest rates by a conventional 25 basis points (bps) on Thursday, rather than repeating its excessive half-point easing.
Technical Analysis
Gold prices were trading sideways in a narrow range at the start of the week. The 2748 and 2728 borders are still guaranteed in today's Asian and European session. We still have to depend on the market volatility to choose the price border zones to trade. The support zones of interest are 2718, 2709. The upper border is noted around 2760 and 2780. When the price breaks out of the 2728 support zone, the main strategy will be to wait for SELL when the sellers have won the market. Wish you a successful trading day.
EURUSD: Huge Gap Up Opening 🇪🇺🇺🇸
There is a huge gap up on EURUSD after the market opening.
The price reached a strong daily resistance.
I think that the gap will be filled soon.
I already see some signs of strength of the sellers on an hourly
with a formation of a double top pattern.
We can expect a bearish movement at least to 1.087.
❤️Please, support my work with like, thank you!❤️
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market.
Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now.
However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor.
The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely.
Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%.
Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months.
🔥 XAUUSD BUY LIMIT 2733 - 2731🔥
✔️ TP1: 2755
✔️ TP2: 2765
✔️ TP3: OPEN
🚫SL: 2724
🔥 XAUUSD SELL LIMIT 2753 - 2751🔥
✔️ TP1: 2745
✔️ TP2: 2735
✔️ TP3: OPEN
🚫SL: 2760
Bitcoin is going to 63k???!!!Hey guys!
I know it's weekends, but some of the markets are working today and I decide to talk about current BTC position.
So, we're making this cool off, which is also almost full A correctional wave and in 2 days we have US elections, which can be really affective.
Plus the volumes have convergence with the movement RSI is still uncertain, and MA cross on 4H is bearish.
For me, we could easily fulfill the C wave and after we can find the next enter point.
Your thoughts? How elections will influence?
EURUSD analysis 11/1EURUSD is recovering gradually after a long period of weakness. 1.082 is considered the immediate support zone of the pair and the next support zone at 1.077 is the expected two hooks to BUY in today's nonfarm. The uptrend will be limited by the border zone of 1.095 and 1.100. Wish you a favorable trading day with my analysis.
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline.
Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility."
Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%.
Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy.
Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment.
Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.
Nonfarm Trading PlanFundamental Analysis
The Federal Reserve (Fed) meets next week and announces its monetary policy decision on Thursday, November 7. The odds of a 25 basis point (bps) rate cut are 94.5%, down slightly from 95.5% last week. However, market players are still weighing whether a Republican victory in the upcoming presidential election could force the Fed to slow its easing.
Meanwhile, the Bank of Japan (BoJ) decided to keep its interest rate target unchanged at 0.25% on Thursday and reiterated its forecast for inflation to remain near its 2% target. The announcement weighed on the Japanese Yen (JPY), supporting the US Dollar.
Asian and European stock indexes fell sharply, leading Wall Street to a second straight day of declines. Focus now shifts to the US Non-Farm Payrolls (NFP) report, due out on Friday. The economy is expected to add 113,000 new jobs in October, while the unemployment rate is expected to hold steady at 4.1%.
Technical Analysis
After a sharp drop in gold prices last night in the US session, gold recovered from the 2730 area. The 2732 area is considered an important session port area when the market's momentum begins to jump into the market. The Asian breakout zone is also noted around 2744 for scalping around the European session when selling pressure returns. Currently, gold cannot break 2754, so gold will have a push to 44 and 30 before Nonfarm. According to this scenario, Nonfarm gold will continue to sweep down first and it will be difficult to push up after Nonfarm. Pay attention to the 2720 and 2710 zones when nonfarm is announced. If gold breaks to the 2754 zone, it will be pushed back to the 2761 and 2773 zones to execute the SELL plan.
Bitcoin need correction before to break new ATH?Hey guys!
Here is fresh thoughts about current BTC situation.
For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off.
But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that big.
Lmk your thoughts in the comments 👇
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart:
Key Indicators and Signals:
Call Signals:
The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend.
Moving Averages (Orange and Blue Lines):
Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend.
Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact.
Heikin Ashi Candles:
The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend.
Gray Support Zone(ORB):
There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly.
Analysis and Outlook:
Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside.
Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries.
Key Levels to Watch:
Support: Gray zone around 5,719 - 5,720 and the orange moving average.
Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.