#IDEA LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis is as follows
- the price broke out of a minor bearish trend
- it has made higher high and higher low
- i am waiting for a deeper retracement because of the last trading day negative outcome
- if the zone also gets broken then i will change my bias
dont play with fire, always use a predefined stoploss
Intradaytrade
Gold prices increased but unstableDear valued readers, at present, we are witnessing a significant recovery in the price of gold. This precious metal continues its journey to recoup the levels it lost before, with stable trading at 1855 - 1856 USD.
Meanwhile, the ongoing conflict in the Middle East may have an impact on major economies in the coming months, including the potential influence on the monetary policies of central banks. This will certainly affect the gold market in the future.
Given this situation, gold traders are aggressively buying, although this recovery is still uncertain, as there may still be declines in the future. What we need to do at this time is to wait for market news on Wednesday and Thursday to assess the upcoming direction of gold.
Gold on the weekend, noted what?Hello traders!
On the 1D chart, the downtrend channel continues to be active, and gold is still developing positively this week with a high price of $1883. However, it has not yet broken out of the prolonged downward trend.
Expectations are that after gold reaches the upper limit of the uptrend channel at $1910, there will be a drop. On the other hand, breaking the trendline at $1910 in the future could open up new highs for gold. However, I still have a strong belief that prices will decline in the near future because EMA and RSI are still supporting discounts
Gold increased higher than 1880 USDHello dear friends, Today, the price of gold is at its highest level in two weeks, reaching nearly $1,880. Gold is trading more firmly thanks to the decrease in the yield of US Treasury bonds due to the latest meeting minutes from the Federal Reserve yesterday.
From a technical analysis perspective, when the Bollinger Band range narrowed around the 1820 mark last Friday, it transitioned into an expanding trend with gold's continuous price increase equivalent to nearly $65.
In my personal opinion, gold will rise to $1,800 today and then experience a slight decrease to around $1,845 - $1,847 before the upward trend continues.
NZDUSD I Potential Buy from Demand ZoneWelcome back! Let me know your thoughts in the comments!
** NZDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTCUSD continues to maintain the downtrendDear beloved friends, currently the BTC has not yet ended its downward trend. After breaking important supports today, BTC on the 1-hour chart is showing a sideways movement with a break of the downward trendline at 26,756 USD. Therefore, there is a possibility of a slight recovery in the short term.
However, the downward momentum is still strong on larger timeframes such as the 4-hour and 1-day charts, so the downward trend of BTC will continue quickly with Karina's target set at 26,000 USD.
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EURUSD discount on the last day of the transactionHello traders, In today's analysis chart, EURUSD has broken out of the uptrend with the current price trading at 1.0544. The price is experiencing a slight recovery, but the overall trend remains bearish. The target for the downward move could potentially be the support level at 1.0460, as shown in the 4-hour analysis chart.
EURUSD- price could break outHello smart traders. What do you think about EURUSD today?
EURUSD is consolidating its upward momentum from yesterday, with the potential for a breakout and price increase today. Currently, the price is fluctuating around 1.062, and the upward trend is still favored by buyers.
Therefore, breaking the 1.064 level would be a strong advancement for this currency pair. Additionally, the expectations and mild comments from the Fed have been driving this pair's strong increase in value.
Pound targets 1.2400? With slight adjustmentHey traders, what are your thoughts on GBPUSD today?
On the 1-hour chart, the GBPUSD pair has confirmed its upward trend by breaking through the previous level of $1,216. It is currently being traded at 1,231 USD.
In terms of the GBPUSD forecast, we still favor the upward trend, with support at 1,227 and a target of 1,233. Alselv's preferred target and outlook for the forecast stands at $1,242.
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USDJPY is not enough to promote 150.00Hello!
On today's analysis chart, we can see that the upward trend of USDJPY has been broken out at the price level of 149.15. USDJPY has failed to reach the expected level of 150.00 as the downward trend is forming, and the price is currently trading at 148.67.
Regarding predictions, there is a possibility that the previous important level of 147.80 will be retested before any new developments from the market are updated and clarify the direction of this currency pair. Alongside that, the target price of 150.00 is still highly regarded by Karina.
What do you think about the market today?
BTCUSD- the beginning of the declineHello dear friends! BTCUSD today continues to decline as predicted after failing to surpass the price level at $28,000. At the time of writing, BTC is currently trading at $26,807.
Let's delve into the analysis a bit. By observing the 4H chart, we can see that BTC is heading towards the nearest support level at 26,530 and the psychological support level at 26,000.
In the near future, Alselv believes that BTC will continue to decline further as the support level at 26,900 has been violated.
GBPUSD continues to increase pricesHello dear friends, What do you think today about GBPUSD, will it rise or fall?
On the 1H chart, after surpassing the resistance level at 1.227, GU has gained momentum to continue moving upwards. The bullish trend is still prioritized, with the current resistance level at 1.233 and support at 1.225. Karina's target for this uptrend is the high level at 1.241.
What about you? What are your thoughts on GBPUSD today?
USD/JPY moves upward towards 149.00Hello dear friends, Currently, USDJPY is continuing to strengthen its price levels after several days of sideways trading within a narrow range of 149.42 - 148.32.
However, in the long-term perspective, USDJPY may still continue to rise as this currency pair is receiving recovery due to the positive risk sentiment amid the conflict in the Middle East. The resistance level at 150.00 is still considered a high target for the upcoming price increase.
Breaking above the 150.00 level will pave the way for further development in USDJPY towards higher levels.
USD JPY: Target 150.00Dear beloved friends, What do you think, will USD JPY rise or fall today?
From observing the 1-hour chart, as predicted by Karina UJ yesterday, it has increased as expected with today's price fluctuating within the range of 149.13.
However, this currency pair has not yet broken through the nearest resistance zone at 149.43. On the other hand, the Bollinger Band is still functioning steadily and no abnormal signs have appeared. In larger time frames such as 4H and 1D, the upward trend is still active.
Therefore, Karina continues to set her target at 150.00 with UJ finding support at 149.0 and surpassing the current resistance.
Gold price stands close to the highest level in two weeksHello dear friends!
Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back.
From a technical analysis perspective:
Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone).
What are your thoughts on the price of gold today and in the near future?
EUR/USD sits near multi-week top above 1.0600Hello dear friends, What do you think, will EURUSD rise or fall today?
From the 1-hour chart, we can observe that the price is consolidating with the possibility of a breakout at any moment. Currently, the price is fluctuating around the level of 1.062, with a continued upward trend being favored.
According to Karina, the price may breakout at 1.064 due to the ongoing bullish trend, coupled with the expectations of a dovish stance from the Fed, which supports the strengthening of the US dollar as a defensive measure for this currency pair.
What about you? What are your thoughts on EURUSD today?
GBP/USD holds at two-week highs near 1.2300Dear friends, Currently, GBP/USD is experiencing a continuous increase and has reached its highest level in nearly three weeks, trading at 1.2292 and preparing to touch the 1.2300 mark.
The reason behind this upward movement may be attributed to the decrease in US bond yields and the positive risk sentiment, which weakens the USD and supports GBP.
Looking at the chart, after receiving support around the 1.205 level, GBP/USD has surged strongly and is currently at a resistance level of 1.227. By breaking through this resistance level combined with Fibonacci retracement, a further price increase could extend to a high level of 1.2455.
Gold consolidates at $1860The price of precious metals remains stable following the Israel-Hamas conflict, with no significant increase in the demand for safe-haven assets like gold. Currently, gold is trading at $1860 per ounce.
The lack of momentum in the USD, following a stronger-than-expected jobs report on Friday, has led many investors to believe that the greenback may have reached its peak. This is seen as a positive signal for the gold market.
It is expected that gold will continue to rise and reach potential resistance levels of around $1885 per ounce, followed by $1900 per ounce. The next potential support level is the highest point from Friday, at $1835 per ounce.
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BTC slides from a high level of 28,000, expected to decreaseHello everyone!
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
EURUSD expands the increase of more than 1,600Hello dear friends, How do you think EURUSD will move today?
Currently, on the 4-hour chart, EURUSD has reached the level of 1.600 and is still trading steadily around this level. From a technical standpoint, the Bollinger Band range has not shown any signs of narrowing, and EURUSD continues to move at the upper limit of the Bollinger Band, indicating that the uptrend is still active.
With the current trend, the main resistance level is set at 1.0655, followed by 1.073, with significant support levels at 1.056 and 1.053.
EURUSD increased despite the USD recoveryEUR/USD is holding steady at 1.0600, losing ground amid a recovery in the US dollar despite dovish Fed expectations. Key focus is on US PPI inflation. The 4H chart shows an established uptrend with strong resistance at 1.0667. Break above this could push pair to new highs of 1.07185.
GBPUSD rebounded strongly when USD fellToday, GBP/USD rose higher during the Asian trading session on Tuesday, despite a lack of follow-through. The decline in US bond yields weakened the USD and provided support for borrowing. On the other hand, the prospects of the Bank of England (BoE) still lean towards pausing interest rates in November, but the upcoming GDP of the United Kingdom (Thursday) could add further hawkish bets as forecasts reveal strong growth.
The US bond market will be closed on Monday to observe Columbus Day. This week, GDP data from the United States and the United Kingdom will play a crucial role in short-term direction as well as developments in the Middle East.
Due to the reasons, buyers of GBP/USD at this time will continue to push prices higher, currently at 1.2235 USD with an expected increase to 1.2380 USD.
USD/JPY capitalizes on modest intraday gains from one-week lowHello everyone, I hope you're all doing well. Today, USDJPY showed a modest recovery during the day after hitting a one-week low at the beginning of this week. The lack of follow-through buying, amid decreasing US bond yields and reduced demand for the USD, contributed to this.
Looking at the technical picture on the 4-hour timeframe of USDJPY, we can see that after breaking the uptrend at the $149.15 level, USD was unable to reach the expected $150.00 level. Currently, it is trading at $148.69.
In terms of predictions, there is a possibility that the significant support level at $147.33 will be retested before any positive developments in the market help push the currency pair higher again. On the other hand, breaking this support level could lead to a significant drop in this currency pair.
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