Technical Setup: EURCHF is rejecting Asia high, aligning with the two-day anchored VWAP, which reinforces this level as a key area of interest. Fundamental Outlook: Several factors support a bullish bias: CO2 data, retail positioning, seasonality, GDP, and interest rates all indicate strength for EUR. The combination of these factors suggests a continuation of the uptrend. With both technical and fundamental confluence, this setup presents a strong case for a bullish move in EURCHF.
The EUR/CHF currency pair is showing a bullish sentiment, supported by the prevailing long-term uptrend. Recent intraday price action indicates a bullish breakout from a sideways consolidation phase, with the previous resistance now acting as a new support zone. Key Support and Resistance Levels: Support Zone: The critical support level to watch is 0.9530, representing the previous consolidation price range. A corrective pullback toward this level, followed by a bullish rebound, would confirm the continuation of the uptrend. Upside Targets: If the pair sustains a bounce from 0.9530, it may aim for the next resistance at 0.9640, followed by 0.9665 and 0.9690 over the longer timeframe. Bearish Scenario: A confirmed break and daily close below 0.9530 would negate the bullish outlook and increase the likelihood of further retracement. In this scenario, the pair could retest the 0.9500 support level, with further downside potential toward 0.9450. Conclusion: The bullish sentiment for EUR/CHF remains intact as long as the 0.9530 support holds. Traders should monitor the price action at this key level to assess potential buying opportunities. A successful bullish bounce from 0.9530 would favor long positions aiming for the specified upside targets. However, a break below 0.9530 would signal caution and increase the risk of a deeper pullback. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
1. First nifty price has to exit parallel channel to be able to anticipate a bullish move 2. Break of Previous swing high confirms the buyers interest at higher prices. 3. Break above the equal highs lies a Long standing liquidity. sweep of all these sell stops, potentially removes weak bears 4, 5. A short term low is a possibility above which price might move with double the strength of both bulls buyers and sellers covering.
It appears if we can hold 19.24 and price action continues bulish we can see levels of 25.61 being hit. However if we hold below 21 dollars next level down is 18. Let me know what you think love to hear your thoughts below
The chart above explains. Playing with the D is good. If I add in the Golden thingy, they are even better. Good luck.
Chart Setup! Use this setup on your trading view to make sure that the chart looks clear on your end as well, in case of anything leave your comment below.
Technical Setup: GBPUSD is in a strong uptrend but has made an aggressive pullback. Price has now reached a key support/resistance zone and the two-day VWAP, with an anchored VWAP from the low of two days ago providing additional confluence. Fundamental Outlook: The pair remains bullish based on key data points: MPMI, retail sales, inflation, employment change, and unemployment rate all support further strength. Retail positioning is also bullish, adding to the momentum. With both technical and fundamental factors aligned, this setup suggests a potential continuation of the uptrend.
CAMS The stock has come out of the basing formation. The patten looks like a head and shoulder in the making. A move towards 4000 levels can be expected, if the rally sustains in the broader index.
The gold bull market is not over yet. Gold keeps trying to break through the new resistance above. As long as there is no sharp correction, gold will most likely continue to break through the new high after accumulating momentum. Recommended to buy at 2995-3010, stop loss at 2990, target at 3015-3025
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.