Get started

Candlestick Analysis

USD/CAD finds support (but 1.40 still beckons)USD/CAD has spent most of the past two weeks stuck on sell mode, after its short-lived rise to the 22-year high of 1.48 came crashing down thanks to tariffs being delayed. Due to bears closing shorts on CAD futures and bulls shying away from long USD bets, my core view is for USD/CAD down to 1.40, just above the 2022 high. But over the near term it shows the potential for a bounce towards 1.43. Last week's low stalled around a weekly VPOC and November high. A small bullish hammer and inside-day doji also formed around the 100-day EMA, while a bullish divergence also formed on the daily RSI (2) in the oversold zone. Bulls could seek dips towards the weekly VPOC in anticipation of a bounce to 1.4250, while prices hold above last week's low. At which point we can revisit its potential to roll over once more, in line with the core bias outlined above. Matt Simpson, Market Analyst at City Index and forex.com
Long
by CityIndex
Bitcoin (BTCUSD) - Whiskers Away From Destruction Perma bulls are screaming $250,000 whilst perma bears are hollering the top is in. Currently, we sit below $100,000 with $98,405 being the key resistance over the last few days. Something BIG is brewing and it could take both buyers and sellers out of the market short term. Whenever price action trades within a tight range like what we have been seeing for several of days, liquidity spikes tend to show its face; whether that’s to the upside or downside, it’s anybody’s guess. But the question I keep asking myself is, where does the most pain lay? Trading back up inside the premium range or sinking down to discounted prices @ $88,000? I guess time will tell…..
COINBASE:BTCUSDShort
by LegendSince
Great 234 point comeback by Nifty from lows of the day. Nifty made a great comeback of 234 points from lows of the day that is 22725 to close at 22959. The momentum has to carry forward tomorrow in order for any rally to sustain. Only when we get a closing above Mother and Father line Bulls can take a sigh of relief. Mother line and Father line are at 23530 and 23587 respectively. Before we reach there there are cyclical resistances 3 months or older at 22984, 23229 and 23435. Supports for Nifty will be at 22725, 22438 and 22159. If we get a weekly closing below 22159 the next supports will be at 21810 and 21302 only. So despite a good closing we are not out of danger zone as of now. Shadow of the candle is neutral as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
EURUSD retracement? I'm watching OANDA:EURUSD today. My bias is bullish and would like to see it swipe some liquidity and reach some buy zones. There's also an imbalance in the Daily timeframe. However being a US holiday today, I don't expect a lot of movement. So I'm also considering the retracement down to those levels, considering its distance from them. Observing and waiting for liquidity to be taken first before taking any trades. Maybe preserving capital is the right trade today?
by CinnamonErreDe
Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices. After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday. In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level. These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820. With this in mind, I will look to sell rallies against the recent 2940 all-time high. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
Gold - Fundamentals And Technicals Are Pointing To The UpsideAnother week of continuation in bullish price action and Gold managed to book new all-time highs @ $2,942 per oz. Many investors and traders are speculating the price of Gold by the end of the year could reach $3,000 but I believe our dreams may come true sooner than expected. Expect short term retracements to immediate imbalances in price action on the daily timeframe but in the grand scheme of things, It's up up and up!
OANDA:XAUUSDLong
by LegendSince
Long trade 1Hr TF Overview Buyside Trade Pair: EURGBP Date: Thursday, 13th February 2025 Time: 5:00 PM (NY Time) Session: London to NY Session PM Trade Details: Entry: 0.83237 Profit Level: 0.83538 (+0.36%) Stop Level: 0.83086 (-0.18%) Risk-Reward Ratio (RR): 1.99 This buyside trade is based on a multi-timeframe approach, aligning structure across the 1H, 4H, and daily timeframes to confirm bullish momentum. Timeframe Breakdown: 1H Timeframe: Entry confirmation based on price action signals, involving a break of structure (BOS)and or retest of a demand zone. 4H Timeframe: Provides higher timeframe context, showing a shift in market structure favouring upside movement. Daily Structure: Ensures that the trade aligns with overall market bias, avoiding counter-trend setups.
Long
by davidjulien369