Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nickel Long Term Cycle Analysis

36 sec read

Nickel Monthly Timeframe
Nickel

Is the long term trend in Nickel Started? To answer this question we can start with monthly nickel charts with predict cycle indicator. You can notice from the MCX nickel monthly charts that Predict cycle had turned positive – we are possibly in the long term uptrend. After 8 months of consolidation on the larger timeframe Nickel is currently trading above 8 month high.

Nickel Weekly Timeframe
Weekly Nickel Charts

On the weekly timeframe Predict Cycle is up for the last 4 weeks (Intermediate trend is up for last 1 month) and also trading above the previous consolidation zone. For the longer term and medium term trend to be intact Nickel maintaining above 630 zone is critical for the cycle to put the price in the next orbital zone 806 and 895.

Nickel Daily Timeframe
Nickel Daily

On the Daily timeframe Predict cycle is up for the last 1 month. Potential we could enter into a period of consolidation for few days or even minor corrections before further trend reversal to happen on the upper side.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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