traderchamp_

traderchamp_ May 25, 2024

CAD/CHF has once again approached the major resistance level identified on both the hourly and daily timeframes. This level has repeatedly faced selling pressure, causing the price to reverse downward multiple times. Given the price's consistent respect for this level as a major sell zone, another potential sell-off could be imminent. Additionally, the most recent...

traderchamp_ May 25, 2024

AUDUSD has confirmed a breakout of the trend line. Following the breakout, we observed a bullish reversal back towards the key zone. However, we anticipate further downside momentum, with the reversal identified at the key zone. The next target is expected to be near the highlighted bottom support level.

traderchamp_ May 25, 2024

The AUDCAD pair has confirmed a trend breakout, and we are currently observing hourly consolidation forming within a flag pattern. This suggests potential further downside momentum, reinforced by the bearish signals for this pair. We anticipate continued selling pressure, likely bringing the pair back to the highlighted key level.

traderchamp_ May 18, 2024

AUDCHF has been on a significant bullish trend since breaking through a key level. I anticipate this pair will next target the major resistance around 0.61700. The bullish channel that has formed is critical, as the price action continues to hold within its upper and lower boundaries.

traderchamp_ May 18, 2024

Gold has once again surged from the support level near the $2280 - $2290 region. This recent rally has established a robust bullish channel on the daily timeframe, pushing the price back to the significant resistance around $2410. We might observe a minor reversal within the channel before the price resumes its upward movement after the pullback. This continuation...

traderchamp_ May 18, 2024

MUTHOOTFIN has reached a crucial resistance level on the chart. The price has respected this highlighted zone, and we should watch closely for a valid reversal or breakout confirmation. Given that the previous run encountered significant selling pressure at this point, careful attention to price action on lower timeframes is necessary for confirmation. A breakout...

traderchamp_ May 18, 2024

EUR/CHF has confirmed a bullish breakout above the daily resistance level. We anticipate a continuation of this bullish trend towards the next resistance zone identified from previous price action. It is likely we will see a minor retracement before the pair resumes its upward rally.

traderchamp_ May 16, 2024

INFY has formed an ascending triangle pattern on the hourly chart. A bullish candle has closed just above the resistance level, indicating potential upward movement. However, for a confirmed bullish trend, we await a clear breakout above the resistance. It's essential to note that a bearish breakout would invalidate this bullish projection, emphasizing the need...

traderchamp_ May 15, 2024

Bitcoin has formed a descending triangle pattern, with a false breakout occurring earlier at the lower support level. However, we are currently observing a bullish breakout along the trend line, as anticipated last week for BTC. If this breakout garners sufficient bullish sentiment and volume to establish robust momentum, it could signal a continuation of the...

traderchamp_ May 15, 2024

MCD has formed a bearish flag pattern, suggesting a potential decline towards the daily support level. It's prudent to await confirmation of a bearish breakout from the flag pattern before considering any further action.

traderchamp_ May 15, 2024

AXISBANK has broken out bullish from a bearish channel, suggesting a potential rally ahead. Additionally, there's a chance of an inverted head and shoulders pattern forming. However, confirmation of this pattern requires waiting for a bullish breakout at the key level.

traderchamp_ May 14, 2024

The NIFTY50 has indeed followed the projection I made last week, confirming the breakout on the channel we identified. Now, I anticipate a continuation of the bearish trend towards the lower support level. This retracement should provide a significant pullback from the current bullish momentum observed on the hourly timeframe.

traderchamp_ May 14, 2024

The US30 has formed a compelling harmonic pattern, displaying a distinct W pattern that spurred the recent rally. The resistance established at the peak is pivotal, as we anticipate a reversal when the price reaches that level. This is also where we anticipate the completion of the right wing of the harmonic pattern.

traderchamp_ May 13, 2024

PYPL has formed a falling wedge pattern, suggesting a potential bullish breakout. We're currently awaiting confirmation from the price. As long as the price stays above the highlighted support, there's anticipation for a bullish reversal, considering previous price actions.

traderchamp_ May 13, 2024

ICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.

traderchamp_ May 13, 2024

TATAMOTORS might establish a fresh peak provided there's ample volume to breach the highlighted resistance zone. Therefore, it's prudent to monitor this level closely for either a breakout or confirmation of a reversal, which will determine the stock's future trajectory. A decisive breach of the resistance could propel it to a new high, potentially surpassing...

traderchamp_ May 12, 2024

The USDCAD is once more testing a significant key level identified on the daily timeframe, showing signs of a potential reversal based on price action. Repeated rejections around this zone indicate it being respected as a support. There's anticipation for the reversal to revisit the major resistance established on the daily timeframe. Additionally, analysis of the...

traderchamp_ May 12, 2024

The USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.