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Technical Analysis

Stock Analysis Report: Aurobindo Pharma Ltd.Overview: The chart presents a technical analysis of Aurobindo Pharma Ltd. on a daily timeframe. The stock shows a recovery pattern with a visible RSI divergence, indicating a potential bullish reversal. Key Observations: 1.RSI Divergence: A bullish divergence is identified as the price made lower lows while the RSI formed higher lows, signaling waning bearish momentum and the likelihood of an upward move. 2.Critical Support Levels: Immediate support is marked at ₹1,273.35, corresponding to the 200-day moving average. A strong base exists at ₹1,199.40 and ₹1,101.55, which acted as previous demand zones. 3.Potential Resistance Zones: Initial resistance levels are observed at ₹1,310.80 and ₹1,346.60. Major resistance is seen at ₹1,403.25 and ₹1,450.35, where the stock could face selling pressure. 4.Buying Strategy: Enter long positions only if the price stabilizes above ₹1,273.35, confirming support. Watch for a breakout above ₹1,310.80 for momentum trades targeting higher resistance levels. 5.Volume Analysis: Increased volume on recent upward moves supports the bullish sentiment. Monitor volume patterns for confirmation of breakouts or trend reversals. Conclusion: Aurobindo Pharma shows signs of a potential bullish reversal. Traders should closely observe the ₹1,273.35 support level and enter only upon confirmation. Targets are placed at ₹1,310.80, ₹1,346.60, and beyond. Implement proper risk management to account for potential volatility.
NSE:AUROPHARMALong
by AngshumanSaikia
BTCUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders! what do you think about this chart. comment on my analysis and provide your feedbacks. current price: 100100 currently market is working above its supporting area 99500 and now market is about to hit a new high. market's retracement momentum was over, but because of news impact btc dropped. now btcusd market is trying to stabilize itself and will be trying reach the position 108000 soon. key points: supporting area: 99500, 102000 resistance area: 105000, 107000 Note: first target: 105000 second target: 108000 stop loss: 98500 kindly like, comment, and follow for more updates on btcusd. thanks for support!
CRYPTO:BTCUSDLong
by Ibrahim_Gold_Traders
1
XAUUSD: Double Top PatternHello everyone! Currently, after a false breakout at the key level of $2721, the price has quickly reverted to a bearish trend. This development bears significant resemblance to the double top pattern, a technical formation that often signals an impending downtrend. Given the current situation, the outlook leans in favor of the bears. If this scenario materializes, we can expect the price to continue moving towards lower support zones. To project potential downside targets, we are utilizing the Fibonacci extension tool, a powerful method for analyzing price momentum. Based on our calculations, two critical levels to watch are $2609 and $2557. These are areas where buying pressure may emerge, potentially testing the trend's continuation. Stay tuned for further updates to fine-tune your trading strategies!
OANDA:XAUUSDShort
by Trader-Briannnn
USDJPY Continues Consolidation Above Key Support!Dear Friends! USD/JPY is trading sideways around 154.00 during the Asian session on Tuesday. The pair was weighed down by Japanese comments and a softer risk-on tone. However, a fresh rally in the US Dollar limited the pair's losses ahead of the US November Retail Sales report. From a technical point of view, USDJPY remains in an uptrend with the trendline, EMAs and price channel still favoring buyers. In the short term, keep an eye on the upper limit of the channel, which could provide fresh upside momentum for USDJPY. Wishing you happy and profitable trading.
Long
by Trader-Briannnn
Prediction of EURUSD price decrease in the near future?Dear Traders, The EUR/USD pair is currently hovering around the 1.0378 mark, extending its bearish momentum for several consecutive days. This persistent decline has been largely driven by the Federal Reserve’s hawkish rate cuts, which have bolstered the US dollar and exerted downward pressure on this major currency pair. Analyzing the 4-hour chart, it’s evident that the pair remains below the 34-period EMA, signaling that the bearish trend is far from over. After failing to sustain the upward momentum near the 1.0450 level, the price resumed its descent, reinforcing the dominance of sellers in the market. Given these factors, my personal analysis suggests that the downtrend is likely to accelerate in the near term. Any potential corrective pullbacks, in this context, could present strategic opportunities for sellers to re-enter the market. What’s your perspective on this outlook? Share your thoughts in the comments below—I’d love to hear your take!
Short
by Trader-Briannnn
GOLD -- Fell below 2650 with negative fundamental driversOANDA:XAUUSD continued its downward trajectory, dipping to $2,648, underpinned by adverse fundamental drivers. The key question now is whether a retracement is on the horizon or if the decline will deepen further. Optimism about Chinese stimulus faded due to growing concerns over the U.S.-China trade war. In a closed report, the Wall Street Journal (WSJ) stated that China has begun retaliating against President-elect Donald Trump’s upcoming tariffs by implementing non-tariff measures. The market now believes that the Fed might send a hawkish signal by indicating a pause in January after the anticipated 25 basis points (bps) rate cut at the December 17-18 policy meeting, especially following the release of higher-than-expected U.S. Producer Price Index (PPI) data. Technically, gold remains confined within its current channel, with the consolidation phase still intact. The primary focus lies on the key support zone between 2636 and 2634, below which a large liquidity cluster could serve as a potential target for prices. The 2636 support level could trigger a retracement, depending on forthcoming market developments. If the retracement appears shallow and prices quickly return to this level, the likelihood of a break below support increases, potentially driving prices down to levels like 2612 and 2580. However, if gold can stabilize above 2682 and consolidate above local highs, it could pave the way for a retest of higher levels. Regards Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Gold --> Bear Market Intensifies, Key Resistance LoomsHello, dear friends! This is Ben. Gold prices rose after a false breakout at 2,650. Fundamentally, the situation remains complex, and technically... The metal's price is being influenced by geopolitical tensions, weaker U.S. bond yields, and a softer USD, which supports the safe-haven appeal of XAU/USD. However, bets on a less dovish Fed warrant caution for bullish markets ahead of this week's FOMC meeting. Theoretically, additional gold price gains could be limited by concerns about China's economy after its industrial production posted a modest rise in November, while retail sales disappointed. Widening gold discounts in India amid subdued wedding season demand due to higher prices may also act as a drag on the metal. China and India remain the largest gold consumers globally. Looking ahead, U.S. PMI data also warrants attention for fresh insights into the Fed's rate trajectory next year, which could heavily influence gold prices—given gold's sensitivity to the USD. From a technical perspective, gold is attempting to break out of a major range, testing critical support. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. If there is a false breakout around the 2,655 level, a minor correction toward resistance could form. However, with prices testing strong support, we may witness a false breakout followed by a corrective move to the 2,660–2,675 region (0.618 Fib retracement) before resuming the downtrend. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
2
EUR/USD → Consolidates Ahead of Key Fed Interest Rate DecisionHello everyone, Ben here! EUR/USD saw a sluggish upward movement on Monday, drifting towards the upper bounds of its short-term consolidation range just north of 1.0500, though lacking any significant conviction. With relatively limited European data this week, Fiber traders are bracing for a heavy U.S. data docket. In the short term, the trend remains neutral, but prices are consolidating near a critical support level that has held firm for two years. Aggressive rate cuts in Europe are putting pressure on the pair, with expectations set for December 17th-18th. The Fed is widely anticipated to cut the benchmark interest rate by 25 basis points (bps). However, any hawkish signals from the Fed aimed at taming inflation would increase the downside potential for EUR/USD. Support levels: 1.045, 1.033 Resistance levels: 1.060, 1.065 From an interest rate perspective, within the context of a broader downtrend, price has yet to reach the key liquidity zone. Ahead of the news, I anticipate that the price will climb towards 1.060. However, based on both technical and fundamental outlooks, bearish momentum is expected to resume, and a break below the 1.045 support level will solidify the downward trend. Best regards, Bentradegold!
Short
by Bentradegold
GOLD --> Correction Before Potential Further DeclineOANDA:XAUUSD transitioning to a Correction Phase After Last Week's Economic Data. Market participants are generally confirming the bearish nature after returning to the channel. The market is broadly prepared for a 25% rate cut, but traders seem cautious about hints regarding the Fed's stance: whether the Fed will cut interest rates, shift to a wait-and-see approach, or imply a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. Gold prices continue to be supported by safe-haven demand amidst ongoing geopolitical risks. Additionally, China's continued gold purchases are providing further momentum for this precious metal. Technically, after a false breakout at the 2721 level, a deep correction is forming, which typically develops into a local downward trend. Prices are approaching the panic zone of 2615-2600. During the Asian trading session, gold maintained its earlier recovery above $2650 as buyers still held control amidst the persistently weak US dollar and sluggish US Treasury yields, with attention on key resistance levels. Prices are heading toward the imbalance zone in the correction process. A swift approach and retest of resistance could trigger a recovery. Traders may enter the profit-taking phase before major news releases. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
2
Gold: Short-Term Fluctuations, Long-Term TriumphsAs a market analyst, I observe that global gold prices currently stand at $2,647 per ounce, with February 2025 gold futures on the Comex New York exchange priced at $2,675 per ounce, reflecting a 0.03% increase from the previous day. Over the past week, gold has shown a solid 0.8% gain. From my perspective, gold has had a remarkable year, and while it is now undergoing a phase of correction, I firmly believe this pullback will not last long. My analysis suggests that gold prices will rise further in the coming months. This outlook is supported by several key factors, including loose monetary policies, strong central bank buying activity, and growing demand for safe-haven assets, all of which are likely to drive gold to new record highs this year. I’m also closely following comments from Federal Reserve Chair Jerome Powell after each meeting, as these are crucial for shaping investor expectations for 2025. Inflation remains a pressing issue, still falling short of the Fed’s 2% target. According to Nicky Shiels, a metals strategist at MKS PAMP SA, gold prices could reach $2,500 per ounce, or even as high as $3,000 per ounce, depending on how effectively the Fed manages inflation. In the short term, my projection is that gold will trade within a range of $2,647 to $2,760 per ounce. For the longer term, I align with Goldman Sachs' forecast that gold could achieve $3,000 per ounce by the end of 2025. This aligns with the broader trends I’m observing, where persistent economic uncertainties and evolving monetary policies continue to shape a favorable environment for gold.
OANDA:XAUUSDLong
by Trader-Briannnn
GOLD → The FED Rate Decision Ahead: What Should You Do?Dear Traders, Gold (XAUUSD) has made a notable move, successfully testing the strong support level at 2633 before traders shifted into buying mode. As a result, the price broke above 2643, sparking new optimism as upcoming discussions around potential rate cuts from the Federal Reserve (FED) take center stage. Currently, there is a 93% probability that the FED will cut rates by 25 basis points. However, the overarching theme is the FED's stance for the future. Hawkish hints regarding 2025 could influence the rate-cutting trajectory, an aspect the market has only partially priced in. This means any indication of a smaller rate cut could fuel strength for the U.S. dollar. Conversely, a deeper cut could act as a bullish catalyst for gold. The spotlight is firmly on FED Chair Jerome Powell's comments, as they will provide crucial insights into the economic outlook for 2024 amidst the backdrop of Trump-era policies that continue to play a pivotal role. That said, downside risks for gold remain elevated, particularly if the FED maintains a hawkish stance in the current climate. Technical Analysis: At the moment, gold prices are consolidating within the range of 2658 - 2633, with a breakout in either direction likely to bring about a strong momentum-driven move. The market is complex and highly volatile right now, which is why traders are advised to hold off on entering positions before the event. Waiting for volatility to subside can offer better clarity on market direction and safer opportunities. Final Advice: Patience is key in such turbulent times. Avoid getting swayed by short-term noise and focus on acting only after a clear trend emerges following the major event.
OANDA:XAUUSDShort
by Bentradegold
TradeCityPro | THETAUSDT Has the Market Turned Bearish?👋 Welcome to TradeCityPro Channel! Let’s analyze a day when the market experienced slight corrections, with some coins recording red candles and traders feeling FOMO, moving away from the market. This is the best time to review triggers. 🌟 Bitcoin Overview As always, let’s start with Bitcoin analysis. In the one-hour timeframe, we are witnessing bearish candles, which are merely rejections of the new ATH. Such corrections are not concerning as they come with reduced volume. Bitcoin dominance has also been ranging, causing slight corrections across all altcoins. Coins bearish in their Bitcoin pairs have seen more significant declines, while those bullish in their Bitcoin pairs are showing better resilience. 📅 Weekly Timeframe In the weekly timeframe, THETA is one of the coins that previously had a strong movement. Earlier in 2024, it hit a new high compared to 2023, bouncing back from the 1.028 support level, which gives it a better edge than many other coins. Recently, after breaking the 1.667 resistance, which was our entry trigger, it has reached the early 2024 resistance level and is now reacting to it. Following the correction and red candles, the declining volume indicates a positive sign for the upward trend. The RSI is pulling back toward the overbought zone. If the RSI climbs back up from this level, we can anticipate another sharp move. If you entered with our trigger, it’s reasonable to hold your position for now as you have a solid entry point. For those looking to enter again, either wait for a correction or buy after breaking the 3.136 level with a large stop loss at 1.667. However, this would be a riskier entry. 🌞 Daily Timeframe In the daily timeframe, after breaking out of the accumulation box between 1.543 and 3.136, THETA has experienced a 100% upward movement, providing an excellent profit opportunity. Throughout this uptrend, we’ve seen an increase in volume, which has subsequently decreased during corrections. Even when red candles appear, the reduction in volume is a positive signal for the coin’s long-term trajectory. Based on Fibonacci levels, potential supports are at 2.349, 2.011, and 1.543. After confirmation at any of these levels, long positions can be entered. For continued momentum, breaking the 3.136 level with a stop loss at 2.349 can be considered a riskier option. ⏰ 4-Hour Timeframe In the four-hour timeframe, the coin is moving within a short-term box between 2.534 and 2.749, accompanied by reduced volume and consolidation. This suggests that a breakout is likely soon. 📈 Long Position Trigger breaking the 2.749 level could trigger a trade, as the 3.136 breakout is expected to be led by whales. However, if you miss the 2.749 breakout, 3.136 can also serve as an entry. 📉 Short Position Trigger they are not currently recommended. However, a break below the 2.534 level could offer a risky short setup. Ensure small stop losses and quick profit-taking, as extended downside seems unlikely. 💡 BTC Pair Insight In the Bitcoin pair, THETA is just starting to show strength. It has recently reached its weekly resistance level and has a long way to go before its ATH. Once it establishes a higher low and breaks the 0.00003042 resistance, it could begin a strong upward movement. Stay patient and avoid FOMO if you’ve missed this move. Many other coins in the channel have not yet triggered their entries. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
17