AUDNZD potential increase following the channelAUDNZD has recently pulled back to a support area following a strong bullish impulse. Despite the price breaking and closing below the previous range, a bullish divergence is beginning to appear as it approaches the support level. This price action suggests a complex pullback, hinting that the bearish momentum may be losing steam. The market might consolidate around this area before potentially bouncing off the support, as it hovers near a key psychological level. The expectation is for a move toward the resistance zone around 1.1000
Uptrend
EURUSD LONG TRENDHello, good day of your trading...
In the 4-hour period, the trend is completely upward and we expect a correction and then the price will rise again.🚀
I drew the last area that can give us a deep price correction in red, and if it is lost, the price will continue to grow until the liquidity of 1.12768.🔥
good luck friends❤
BUY BTC, and BUY HARD!After breaking the resistance , don't think twice! #btc
✅✅⬆️⬆️ I will Just buy it! ⬆️⬆️✅✅
and the stop-loss will be the red trigger line.
In the case of failure to break it, the price might drop. so the sell trigger is the red line.
❌The charts reveal a volatile landscape. Recent price action has left many investors feeling like they’re caught in a bull trap.
BTC has been consolidating since March, and sooner or later, it will transition into a distribution phase.📈
Pay attention to the red line—the sell trigger. If BTC fails to break resistance, a price drop could follow📉.
🔺On higher time frames, the RSI (Relative Strength Index) suggests an upcoming movement out of the oversold zone, potentially favoring the bullish scenario.
This analysis does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
XAUUSD potential further push towards the 2550XAUUSD surged to a fresh all-time high on Friday, pushing past previous resistance levels. The price hit 2,508 and closed with a strong bullish candle, indicating the ongoing upward trend. This robust momentum suggests that further gains are likely in the coming week.
On the two-week chart, there’s a decisive break and close above the July high, hinting at an extension toward the 2,550 resistance zone, especially since the inside bar formation has been triggered. On the daily timeframe, the market also broke and closed above a triangle pattern, a textbook signal for trend continuation. The price action seems to be developing an AB = CD pattern, with the D point projected around the 2,550 level
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.
Is this what going "parabolic" looks like?Everyone is well aware of the fact that the Fed will soon be cutting interest rates. That's a given. If so, I'll be interested to see just what affect this will have on the market. It's hard to argue that it won't be a positive, but as some would say, there's a reason why the Fed would feel the need to lower rates...a slowing economy! I am not a prognosticator by any stretch, but just a chartist, and as such, it's hard to ignore what is beginning to look like a parabolic feature in the Nasdaq market. How will we know? Once rates are lowered (if and when), we look for either a continuation of the steepest uptrend channel and break of the July high, or down we go with a break of the uptrend channel to support levels.
SWING IDEA - ASHOK LEYLANDThis chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory.
Reasons are stated below :
price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout
0.382 Fibonacci level support
50EMA support on daily tf
formed 2 hammer like candles with a long wick indicating a buy-push
ASHOK LEYLAND is a fundamentally strong stock on which we can rely.
this seems to be a golden opportunity to buy this gem.
TARGETS - 207 // 233 // 260 // 300
SL - 154
thank you.
$KAS keeping itself inside the wedge despite market downtrendAs long the price continue its trend and the floor of the wedge keeps serving as support, price can break up to 0.56 usd delivering 260% from today price
Why not a downward break? Because fundamental analysis signal us of a uptrend throughout crypto market
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
Nvidia Is waaay too hotEven though it is possible for price to go beyond the 3rd STD, It usually doesn't remain there for long before it has to cycle back to test lower levels. However, hype stocks can lead people to keep buying in fear of missing out. We all know that is a rookie mistake. That's why, even though NVIDIA is an awesome company, I would instead prefer to buy at a discount.
No one knows what price will do tomorrow. But it's best to have the odds on our side. And when a situation seems risky, even though it's promising, it's usually the best just to step back. Even if you have to let go a great opportunity where price rises, you will still be better off. Because a strategy consisting of chasing the trend will inevitably end poorly. The correct approach is trying to find opportunities where the price isn't too hot, and you believe in the future of the company.
One must look for ways to determine if a new trend is forming. Not trying to catch the current one. If the price is already in a clear trend, it's best not to jump in right away, but look for a cool off before taking a position. Also, when considering individual stock's it's important to study the related indices as they will give more context to where the stock is in contrast to its pears with similar situations.
By looking at the CME_MINI:ES1! and CME_MINI:ES1! It's noticeable that these indices are also overheating. Just to be clear, I don't believe we are at the peak yet, but we will soon be there. Just be patient, don't tell price what to do, let it hit you about its next move and prepare for all scenarios.
Xauusd up trend XAU/USD is rising from 2397 to 2409 following the U.S. Dallas Fed PCE news. The positive data likely sparked investor optimism, driving the price of gold higher against the US dollar. This uptrend may indicate increased demand for gold as a safe-haven asset in response to market uncertainties stemming from the economic data release. Investors are reacting to the news by flocking towards the precious metal as a hedge against potential risks, pushing its value up in the forex market.
Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings
Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44.
Price Action Nearing Ichimoku Cloud
The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal).
Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends.
Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05.
Price Direction?
In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.