Volume
EUR/USD continue with the UptrendOn EUR/USD, it's nice to see a strong buying reaction at the price of 1.09920 and 1.09770.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
OILUSD/H4 WTI oil fluctuates in the stable range of $70 - $80.OILUSD forecast on August 13, 2024:
WTI oil is under pressure from the war and DXY is decreasing. Currently, the oil price has risen from the $71 region back to the $80 area. It is likely that oil will experience a correction before continuing its upward trend. The trading trend today is BUY.
Key levels to watch are: 76.5, 78, 80, and 82.
Recommended orders:
Plan 1: BUY OILUSD zone 76-76.5
SL 75.5
TP 78 - 80 - 81.
Plan 2: BUY OILUSD zone 77.60 - 78.10
SL 77.20
TP 79 - 80 - 81.
Plan 3: SELL OILUSD zone 83.30 - 83.50
SL 83.80
TP 82 - 81 - 78.
BTCUSDT. Bitcoin is still in the gameHello traders and investors!
On the daily time frame, Bitcoin's price remains in a sideways movement near the lower boundary at 59,005. Despite three expansions below this boundary—on May 1 (56,552), July 5 (53,485), and August 5 (49,000)—only the May 1 expansion was significant, with the daily candle closing below the previous boundary of 59,005. The candles on July 7 and August 5 closed below 56,552 but failed to close below the wicks of the July 5 candle, which previously expanded the range. If the seller is aiming to push the price lower and has made two attempts on July 5 and August 6, we would expect to see a result with a solid close, not just a wick.
If we continue to think in terms of a sideways movement (which I believe we should), the current relevant vector is the buyer's 10-11. On August 8, a buyer's zone was formed (blue rectangle). The absorbed volume of the seller’s August 5 candle is impressive—the largest volume in a year.
Note that there are two levels formed by two tests: 62745 is the test of the seller's candle from August 2nd, which had increased volume, and 57642 is the test of the buyer's zone at the lower boundary of the range. Currently, the price is squeezed between these levels.
Let's analyze the lower time frames for potential trading ideas.
8H Timeframe Analysis
On the 8-hour time frame, a sideways range has also formed. The lower boundary is at 53,485, and the upper boundary is at 71,997. In the buyer's 5-6 vector, a buyer's zone has formed at the bottom (blue rectangle), and a seller's zone has formed at the top (red rectangle). Both zones have been tested. The buyer's zone was tested at 57,642, and the seller's zone at 60,711. Currently, the price is squeezed between these levels, with a potential target of 70,079 for the buyer's 5-6 vector. Let's study what’s happening in the buyer's vector on a lower time frame.
2H Timeframe Analysis
The price has formed a sideways range, with the lower boundary at 49,000 (daily level too) and the upper boundary at 62,745 (daily level too). The level of 57,642 from the 8-hour time frame is the potential target for the seller’s 6-7 vector, while 60,711 is the potential target for the buyer’s 7-8 vector.
Trading Ideas
Medium-term Buys : Can be considered from the idea of the buyer's 5-6 vector on the 8-hour time frame or the buyer's 10-11 vector on the daily time frame.
Short-term Buys : Can be considered from the idea of the buyer's 7-8 vector on the 2-hour time frame, defending levels at 57,642, 56,552, and 53,485.
Short-term Sells : Can be considered from the idea of the seller's 6-7 or 8-9 vector on the 2-hour time frame, defending levels at 60,711 and 62,745.
Good luck with your trading and investments!
#XAUUSD/H4 CPI today determines the long-term trend of GOLD.Analysis of the European - US session on August 13, 2024:
On the second day, we have seen a strong increase in all sessions. Gold has approached the old peak area.
Today's CPI news will determine whether a triple peak pattern will form and whether there will be a deep correction. A reversal creating a peak has appeared on H4. The trading trend today is mainly BUY. But caution is required in sensitive price zones like this.
Price areas to watch: Zones 2430-2434; 2444-2447 and 2481-2486.
Recommended orders:
Plan 1: BUY XAUUSD zone 2430-2433
SL 2427
TP 2440 - 2450 - 2470.
Plan 2: BUY XAUUSD zone 2444 - 2447
SL 2441
TP 2452 - 2460 -2470.
Plan 3: SELL XAUUSD zone 2483 - 2486
SL 2492
TP 2475 - 2450 - 2430 - open.
Bitcoin idea for the August - Fall 2024pulling fibbs from 222 days box in the bottom, which become fair value area, this is from where bitcoin was pumping hard for 300 days ( till today), there is another fair value area, below the current one. the GP of the fibbs are in confluence with previous zone volume profile, that gives me idea, that if price enters the mid box, it will visit this high node at 42500. which is in confluence with low leverage longs liquidations 1.5X-3X since the beginning of the year. this drop might bring either local bear market for few months, or some crazy V shape bounce and shoot towards new ATH. the market is not in the best condition around the world to make it a nice bull run, the market wants to take money and large liquidity is below. Fundamentals: greed corps will do anything to scare you to take your bitcoins and buy them, remember: you working for currency they print from thin air and they got it so much, that they can buy 21M bitcoins for the price of $1M/BTC, they will not stop buying everything in the world, just to have it and to control it. They are not your friends, M. Saylor is not your friend, bc he own bitoins and knows how to speak, he actually part of the market who buy it from you, when you sell it. the volume profile has two large nodes: 42500 and 27500. Everything can happen, be ready, at the end, bitcoin is a black hole, which will suck in the whole economy and finance.
USD/CHF Day Trading analysisOn USD/CHF, it's nice to see a strong buying reaction at the price of 0.85770.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/USD Day Trading Analysis With Volume ProfileOn AUD/USD, it's nice to see a strong buying reaction at the price of 0.65550 and 0.64840 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
EUR/USD continue with the UptrendOn EUR/USD, it's nice to see a strong buying reaction at the price of 1.08856.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Strong rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
XAUUSD. Trading opportunitiesHello traders and investors!
Let's see what we can trade on gold.
Daily Timeframe Analysis
On the daily time frame (TF), the price has formed a sideways movement that began on April 9th. The upper boundary is 2450.125, and the lower boundary is 2277.345. The seller’s vector 6-7 broke through the upper boundary of the sideways range, but then the seller brought the price back into the range. The current active seller’s vector is 7-8 with a potential target of 2286.83.
The seller couldn't overcome the first obstacle at 2391.520 (the base of the last sub-impulse of the buyer in the buyer’s vector 6-7). As a result, a local sideways range formed near the upper boundary of the range, which is clearly visible on the 8-hour TF. Trading within this range is possible, from the upper boundary to the lower one, and vice versa. To better understand the situation, let’s look at the lower TFs.
8H Timeframe Analysis
The price has formed a sideways range. The upper boundary is 2483.74, and the lower boundary is 2353.195. The current active buyer’s vector is 8-9, with a potential target of 2477.725.
4H Timeframe Analysis
The price has formed a sideways range. The upper boundary is 2477.725 (this level is the target within the range on the 8-hour TF). The lower boundary is 2410.885. The current active buyer’s vector is 8-9, with a potential target of 2458.875. At the base of the 8-9 vector, a buyer’s zone (marked as a blue rectangle on the chart) has formed after engulfing the seller’s candle, which interacted with the boundary of the range on increased ( ! ) volume.
Buying opportunities
Buying opportunities can be considered based on the execution of buyer vectors 8-9 within the sideways movements on the 8-hour and 4-hour time frames. For example, consider buying from the buyer's zone on the 4-hour time frame, above the lower boundary of the sideways movement at 2410.885.
Potential targets include:
• 2458.875 (test of the seller’s zone near the upper boundary of the range on the 4-hour TF),
• 2477.725 (boundary of the range on the 4-hour TF; point 7 of the range on the 8-hour TF),
• 2483.74 (boundary of the range on the 8-hour TF).
Selling opportunities
Selling opportunities can be considered based on the execution of seller vectors 9-10 within the sideways movements on the 8-hour and 4-hour time frames, if the seller defends the 2458.875 - 2483.74 range.
Potential targets include:
• 2423 (test of the buyer’s zone on the 4-hour TF),
• 2410.885 (lower boundary of the range on the 4-hour TF),
• 2364.39 (future point 8 of the range on the 8-hour TF),
• 2353.195 (lower boundary of the range on the 8-hour TF).
IZMO Limited: A Lucrative Investment Opportunity IZMO Limited, a leading software products company, has been making waves in the automotive industry with its innovative solutions. The company's recent financial performance and future outlook make it an attractive investment opportunity for long-term investors.
Financial Performance:
IZMO Limited's Q4 FY '24 results show a 15.18% YoY revenue growth, with EBITDA margin standing at 23.96%. The company's guidance for the current financial year is a 30% to 40% top-line growth, driven by new client additions and increased product sales. FrogData, the company's AI and Data Intelligence platform, is a significant contributor to revenue growth and margin improvement.
Future Outlook:
IZMO Limited is targeting a 500 crore turnover in the next 3-4 years, driven by expansion into new geographies and product offerings. The company is optimistic about market expansion and revenue growth potential, with a focus on enhancing sales and technical capabilities to drive future growth.
Technical Analysis:
The OBV (On Balance Volume) indicator, which measures the volume of buying and selling, is showing a strong bullish trend. The OBV is above the 50-day moving average, indicating a strong buying interest. This indicates that the volume is increasing, and investors are becoming more positive towards the company.
Ratios and Indicators:
IZMO Limited's debt-to-equity ratio is 0.13, indicating a low level of debt. The company's current ratio is 2.13, indicating a strong ability to meet short-term obligations. The return on equity (ROE) is 9%, indicating a moderate level of profitability.
Conclusion:
IZMO Limited presents a lucrative investment opportunity for long-term investors. The company's financial performance, future outlook, and technical analysis all indicate a strong potential for growth. With a focus on expansion into new geographies and product offerings, IZMO Limited is well-positioned to capitalize on the growing demand for automotive solutions.
Risk:
As with any investment, there are risks associated with investing in IZMO Limited. The company's financial performance may be impacted by various factors, including changes in market conditions, competition, and regulatory requirements. Investors should carefully consider these risks before making an investment decision.
Disclaimer:
This report is for informational purposes only and should not be considered as investment advice. Investors should consult with a financial advisor before making any investment decisions.
BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone 56300 - 56600
SL 56000
TP 57700 - 59000 - 60000.
Plan 2: LONG BTCUSD zone 53000-53200
SL 49600
TP 55100 - 57700 - 60000.
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone 56300 - 56600
SL 56000
TP 57700 - 59000 - 60000.
Plan 2: LONG BTCUSD zone 53000-53200
SL 49600
TP 55100 - 57700 - 60000.
BULLS IN THE HOT SEATWe need to close some higher timeframe candles above 61,252 to get BTC back in heavy volume range we've been trading in since February.
If we dont re-claim this value area, its going to get ugly. If the re-claim is successful then we'll shoot for 67k POC, if successful, then we shoot again for the 71k highs , then MAYBE a new ATH.
My personal opinion
If you want to go long, dont get smoked trying to get in early before everyone so you brag about it :) ,wait for btc to be accepted back in the value area, atleast above 61252. This is the only time i can suggest bull have some control, else the short term downtrend will continue until we get another bullish catalyst.
If feds finally cut rates as we the whole market has been drooling for, this is i believe would be the best catalyst for the bulls and we may likely see an ATH if that happens. However short lived it may be.
UNTIL THEN ..I'll be neutral and will only short when the opportunity arises after a rejection.
#XAUUSD/H4 GOLD had good trading on the second dayAsia-Europe session analysis on 12/08/2024:
Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future.
The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order.
Recommended Orders:
Plan 1: BUY XAUUSD zone 2407-2411
SL 2405
TP 2414 - 2430 - 2455.
Plan 2: BUY XAUUSD zone 2403-2405
SL 2399
TP 2410 - 2430 - 2437 - 2455.
Plan 3: SELL XAUUSD zone 2457-2460
SL 2463
TP 2450 - 2437 - 2400 - open.
ADSL: Bounce back from support levelADSL: gave breakout of rs 200 in January 2024, same level is tested again now and Adsl has taken a bounce back from those levels.
Stock can be seen touching 238-250 and we may see a rejection from there or we may see a new leg of rally,
One can keep stop loss of 190 rs here.
Disclaimer: this is only for educational purposes. Please consult with your Fin advisor before making any positions.
Spotting the patternsYou will find in the chart the different patterns that the proce have been following the previous days.
It's hard to predict the next movement in the short time frames, but if it's not a false breakout, I expect the price to go higher to break the previous high at $62,750.
I also expect the movement of Monday to be very strong (generally to the upside).
Let's see if this prediction is good !
SYNGENE - Gearing up for higher MoveThe stock after nearly 10 months of consolidation had come out of the consolidation zone and now it is attempting to take out the previous supply zone as well. As we can see in the weekly chart, the relative strength and the money flow index are positive. In the daily chart as well, you can find the relative strength, the buying pressure are all positive. However, the money flow has not picked up. Given these conditions, once the money flow also picks up, the stock is likely to go up higher after breaking out of the price rejection zone or the supply zone. A positive close above 858 level, will add to the conviction.