Bullish divergence ( CCI(50)) BTCUSD regained its positive momentum and surged more than $4000 on upbeat market sentiment. Technicals- Major support- $27500. Any break below will take it to the next level at $25000/$23800/$23300 if possible. Bull case- Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of...
Chart pattern- Bearish divergence Gold hits fresh all-time high after less hawkish Fed rate hike.It hits a high of $2081 and is currently trading around $2032.99. It is good to sell on rallies around $2038-40 with SL around $2070 for a TP of $1935.
Chart pattern- Bearish divergence (CCI (50) and RSI(14) GBPJP was one of the best performers this week and jumped more than 500 pips on the strong pound sterling. It hits an intraday high of 180.63 and is currently trading around 180.34. It is good to sell on rallies around 180.58-60 with SL around 182 40 for a TP of 175.55.
Candlestick pattern- Shooting star GBPJPY pared some of its gains made last week on the weak pound. It is good to sell on rallies around 173 with SL around 174.30 for the TP of 170.
GBPJPY trades higher on the weak yen. It holds above 170 and is currently trading around 170.05. The pair is trading above 21,55 and 200- EMA in the 4-hour chart. It is good to buy on dips around 170 with SL around 169.40 for a TP of 172
The pair has broken trend line support after a long consolidation. It is trading well below 21 and 55- 4 Hour EMA. It is good to sell on rallies around 1.09680-70 with SL around 1.09825 for a TP of 1.09310
Chart pattern- Bearish divergence GBPJPY broke the 2022 high of 172.12 and jumped to 172.31 on a weak yen. It hits a high of 172.323 and is currently trading around 172.15. It is good to sell on rallies around 172.28-30 with SL around 1723 for a TP of 168.50.
GBPJPY trades higher for the second consecutive day and holds above significant trend line resistance on the solid yen. It hits an intraday high of 162.46 and is currently trading around 162.451. Major support- 161.70/161. It is good to buy on dips around 162.35-40 with SL around 161.70 for a TP of 164
One hour chart CCI (50)- Buy ADX- showing buy signal The pair is above 21, 55- EMA , and 200-EMA in 15 min. A jump to 164 is possible. It is good to buy on dips around 162.28-30 with SL around 161.70 for a TP of 163.50/164
15 min chart CCI (50)- Buy ADX- showing buy signal the pair is above 21, 55- EMA, and 200-EMA in 15 min. A jump to 1.07610 is possible. It is good to buy on dips around 1.07260-70 with SL around 1.07100 for a TP of 1.07610
One hour chart CCI (50)- Buy ADX- showing buy signal The pair is above 21, 55- EMA, and 200-EMA in 15 min. A jump to 163 is possible. It is good to buy on dips around 161.73-75 with SL around 161.35 for a TP of 163
Ichimoku Analysis (8-Hour chart) Tenken-Sen- $1911.58 Kijun-Sen- $1873.41 Gold prices showed a minor decline after ECB monetary policy. The European Central bank has hiked rates by 50 basis points and said that it is ready to support banks if needed. Gold hit a high of $1933.54 and is currently trading around $1930.15. The number of people who have claimed...
Bitcoin lost its shine after hitting an all-time high of $69000. It hits a low of $15632 and is currently trading around $24889. Reason for huge sell-off in crypto markets- Luna coin collapse FTX fall out Silver gate collapse Interest rate fears US Fed - Since 2022, the US Federal reserve bank raised interest rates by 450 basis points to tackle...
EURUSD showed a nice recovery of more than 130 pips on board-based US dollar selling. The back-to-back collapse of SVB and signature has decreased the chance of further rate hikes by the Fed. It hits an intraday high of 1.07367 and is currently trading around 1.07257. It is good to buy on dips around 1.0720 with SL around 1.0670 for a TP of 1.0850
GBPJPY jumped more than 150 pips yesterday on a strong pullback in the Pound sterling. It hits a high of 164.539 at the time of writing and is currently trading around 164.516. It is good to buy on dips around 164.40-45 with SL around 164 for TP of 166
GBPJPY breaks significant resistance at 162.20 after a long consolidation due to the weak yen. This confirms intraday bullishness, a jump to 163.30/165 is possible. It is good to buy on dips around 162.40-45 with SL around 161.80 for TP of 163.45/165
Gold lost its shine after upbeat US NFP data. The US economy added 517000 jobs in Jan, much higher compared to a forecast of 185000. The unemployment rate came at 3.4% vs . an estimate of 3.6%. Average hourly earnings year-over-year declined to 4.4% below analyst forecast of 4.9%. It is good to sell on rallies around $1888-89 with SL around $1900 for the TP of $1850.
GBPJPY breaks significant resistance at 160.25 after a lot of consolidation. A jump to 132.50/133 is possible. Minor supports are 159.80/159/158.50. It is good to buy on dips around 160.38-40 with SL around 159.80 for TP of 162