Raj Technical Analysis: February 2021

Tuesday, February 9, 2021

ANALYSIS 09-FEB-2021

GBPUSD

USDCHF

USDCAD

EURUSD

DXY/USDX

Wednesday, February 3, 2021

ETHBTC ANALYSIS FEBRUARY 2021

PREVIOUS ANALYSIS:

https://rajtechanalysis.blogspot.com/2021/01/ethbtc-analaysis-january-2021.html

ANALYSIS 03-FEB-2021

As long as 0.02275 holds support, BULLISH.

Monday, February 1, 2021

NIFTY50 ANALYSIS FEBRUARY 2021

ANALYSIS 27-FEB-2021

Min target zone for this down move 14502-14328.

Reached min target @ 14502. Is the correction completed?

Other possible downside scenario: please 26-FEB-2021 analysis.

ANALYSIS 26-FEB-2021

As long as 15434 holds resistance, more fall can be seen.

ANALYSIS 25-FEB-2021

Correction completed or more to come?

ANALYSIS 24-FEB-2021

Can we see some upside correction and fall?

ANALYSIS 23-FEB-2021

UPDATE 2: BIGGER PICTURE

UPDATE 1:

Nifty is moving down without making any big corrections to the upside.

As long as 13600 holds support, buy on dips is the strategy and we will see 16/17/18/19k.

Best buy entry 14200-14000 if you get.

ANALYSIS 22-FEB-2021

Nifty is correcting?

ANALYSIS 19-FEB-2021

Nifty moving as per the analysis. More down can be seen as the the upper trendlines resist.

ANALYSIS 18-FEB-2021

ANALYSIS 17-FEB-2021

TOPPING OUT? Upside next 16420.

ANALYSIS 10-FEB-2021

Is NIFTY @ temp/local top?

ANALYSIS 08-FEB-2021

Where NIFTY going to top out for some correction?

ANALYSIS 05-FEB-2021

CMP: 14958; SUP: 13589

As long as 13589 holds support we will see 16138-16382-16735, 18104-18377-18753.

Immediate Resistance zone: 14955-15055.

UPDATE 2:

UPDATE 1:

NOTE: WE COULD SEE NEGATIVE DIVERGENCES in WEEKLY and MONTHLY charts.

Not sure, when we are going to big sharp/big correction and REVERSAL FAST.

ANALYSIS 04-FEB-2021

CMP: 14778

Where are we going?

ANLAYSIS 03-FEB-2021

UPDATE 2:

Upside target for this move is 14813-14977. We can see some resistance around 15K for some time.

If resists, we can see 14600/14400 for next BULL MOVE above 15K.

UDPATE 1:

Will 14800 hold resistance for some correction?

ANALYSIS 02-FEB-2021

Update 2: LONG TERM PROJECTION: Updated wave counts and targets

Update 1:

Min target on the downside completed at 13590. Are we going to 15K+? Will update long term projection soon.

ANALYSIS 01-FEB-2021

UPDATE 2: BULL or BEAR? MULTI TIMEFRAME ANALYSIS

UPDATE 1:

Initial downside target done for this down move tat 13880.

As of now resistances: 14257/14765.

Downside extensions can be 13355-13281-13035, 12910, 12490.

DXY vs. EURUSD February 2021

ANALYSIS 27-FEB-2021

PRIMARY SCENARIO:

As long as 89.66/89.15 holds support, we can see more upside targeting 91.16, 91.38, 91.81, 92.09, 92.67...

NOTE: STRONG RESISTANCE: 92.03

ANALYSIS 26-FEB-2021

As long as 1.2243/1.2357 resists, I expect more fall.

Downside targets: 1.1947, 1.1844, 1.7500, 1.1598-1.1540

ANALYSIS 24-FEB-2021

EURUSD

UPDATE 2:

UPDATE 1:

I could see inverse Head & Shoulder.

Initial break of 1.2187 needed for bulls.

Primary: If 1.2021 holds support, we can see 1.2238-1.2289 before fall to 1.1745.

Alternate: Can break previous high and go to 1.2307-1.2402, 1.2481, 1.2572, 1.2619.

BOTH SCENARIOS points some more upside towards 1.2238-1.2289.

Let us wait n watch how the market proceeds.

NOTE: 1.2555 Will be a big hurdle for EURUSD to break.

As per my view 1.2355 will hold resistance for bigger correction or for new low.

ANALYSIS 22-FEB-2021

ANALYSIS 20-FEB-2021

DXY: BULL or BEAR?

CMP: 90.32; SUP: 89.13; RES: 91.03/91.61.

ANALYSIS 19-FEB-2021

PRIMARY SCENARIO:

DXY: UP; SUP: 89.13

Now, as long as 91.03 resists, we can see 90.

ANALYSIS 17-FEB-2021

My Primary view:

DXY: BULLISH

EURUSD: BEARISH

ANALYSIS 14-FEB-2021

Will the history repeat?

ANALYSIS 12-FEB-2021

More alternatives. Levels to watch: 90.01/1.2177

ANALYSIS 11-FEB-2021

90.01/1.2177

ANALYSIS 10-FEB-2021

DXY vs. EURUSD: Moves are getting more complex. Where are they going?

ANALYSIS 08-FEB-2021

As long as 90 supports, we can see 91.79-92.20, 92.88-93.14...

Alternate Scenario:

DXY: Downside can be 88.19

EU: Upside can be 1.2573.

ANALYSIS 05-FEB-2021

ON TRACK.

ANALYSIS 03-FEB-2021

Till now on track.

ANALYSIS 02-FEB-2021

DXY: CMP: 91.08; SUP: 90.01.

DXY was able to move above 90.93 this time.

As long as 90.01 supports, we can see 91.1, 19.77-92.19, 92.86-93.12

EURUSD: CMP: 1.2035; RES: 1.2191

As long as 1.2191 resists, we can see 1.2006-1.1980, 1.1893-1.1824, 1.1710-1.1667.

ANALYSIS 01-FEB-2021

DXY: 90.49

EURUSD: 1.2131

DXY:

Downside extension can be 88.21.

Strong resistance: 90.93. Any break of this resistance, we can see 91.29. 92.09, 93.

EURUSD: Upside extension can be 1.2573.

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