This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
Guys, do not short Nifty ! A clear base is forming on Nifty and there is a H&S pattern that is setting up on the 15 min chart. This means that there is an accumulation going on. We can anticipate a breakout from this accumulation to happen in the next week or so. P.S. This is not a recommendation. You are advised to do your due diligence and consult a Financial advisor.
◉ Overview ● Gold prices have risen for eight consecutive weeks, driven by safe-haven demand and a weaker US dollar. ● However, with US inflation data scheduled for release, investors are becoming cautious, leading to a decline in gold prices. ● The US inflation data will provide insight into the Federal Reserve's future monetary policy decisions. ◉ Technical Observations ● After hitting an all-time high near $2,956, the prices are now declining. ● In the weekly chart, a Bearish Engulfing candlestick pattern could be observed, indicating negative market sentiments. ● A support level is expected at $2,790, which is nearly 3% below the current market price.
Let's check what happens after a BTC halving. Look at the chart to see how many days passed from the halving to the peak of the bull run in the last three halvings. The chart will help us understand where we are, although BTC's history does not guarantee future outcomes. However, this data will provide a better probability of determining our current position in the market.
NYSE:TRV Travellers is looking at a continued upside after a mild correction at 27 Nov 24. The double top fails to conclude a 1:1 move and rebounded heavily. Currently, the stock rose above all ichimoku indicators and the stochastic plus the ROC is showing signs of rising bullish momentum. Hence, we are looking at a buy to US$300.00 on a longer-term basis
Looking to close the majority of positions around $2860z. Rolling stops and letting the remainder run… Sorting long profile now.. See what we working with here. LFG ?
Currently lower for a sixth day, bitcoin futures have just tested the 200-day average for the first time this year. This clearly marks a pivotal moment for bulls and bears over the near term, but we also have to factor in the higher timeframes. Matt Simpson, Market Analyst at City Index and Forex.com
I have a gut feeling that Bitcoin is going to have another real capitulation to once and for all wipe out all the scammers from the industry. A massive catastrophic dump is needed to give Trump the justification to bring in heavy regulations of the industry.
Looking at NYSE:IBM and expecting this chart to revert some of its recent price advancements. With the general sentiment of the market and the massive post-earnings gap-up, I am expecting this to fill the gap to the down side and possibly more. This all depends on how the rest of the technology sector behaves, but the recent price action does not make me hopeful that IBM can sustain the price action of the last few months.
Technically: AUDNZD ranging in accumulation box AUDNZD printing bullish divergence