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Candlestick Analysis

Kiwi in Trouble? Momentum Turns as NZD/USD Tests SupportTraders should be alert to a potential downside break in NZD/USD. Sitting in a descending triangle and having printed a bearish engulfing candle on Tuesday, a clean break below .5930 would generate a setup where shorts could be established with a stop above the level for protection. The 200-day moving average screens as an initial target, with .5854 another after that. Bullish momentum is waning with RSI (14) trending lower while MACD is curling lower. The momentum signal is therefore more neutral than bullish, putting increased emphasis on price action near-term. Good luck! DS
Short
by FOREXcom
How to position the market after gold falls to around 3280Gold began to fall after rebounding to around 3313, and has now fallen below the important support of 3300. Looking at it now, gold is most likely to be a relay of the decline. The rebound of gold will continue to be bearish. The current 1-hour moving average of gold tends to stick together and diverge downward, and the decline is a bit sharp. If it continues to cross downwards to form a dead cross, then there is still room for gold shorts to fall. It is recommended to wait and see the support of the previous low of 3260. If the support is not broken, then consider going long. In the evening, we need to pay attention to the fluctuations that may be caused by ADP and PCE data. Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OShort
by AllenBoswell
GRTUSDT Triangle Coil Tension Builds Bullish Breakout in FocusGRTUSDT is forming a clean symmetrical triangle with price rebounding from the lower trendline which brings an encouraging signal for potential continuation to the upside. As long as the structure holds, we anticipate a breakout above the triangle, which could ignite strong bullish momentum. The external demand zone remains ideal for strategic accumulation, while the internal supply area should be monitored for signs of short-term rejection. If buyers absorb pressure at that level, GRT could rally toward the crucial upper supply zone, which marks the next major area for distribution. Let’s see how this unfolds, feel free to share your perspective.
Long
by weslad
USDCHF short: Sellers Getting Ready to DominateAfter a strong impulse from buyers, we saw exhaustion near the highs. Price retraced to a major support zone, but instead of a strong bounce, we got a tight, controlled accumulation range. the higher timeframe, i.e 4H is in a strong downmove What’s interesting is the structure within that box: the breakout attempts are weak, volatility is contracting, and there’s a noticeable lack of bullish follow-through—just coiling. Smart money doesn’t chase—they trap. This triangle near key support is exactly where larger players hide intentions behind "indecision." But to me, the silence screams. This doesn’t look like preparation for a markup—it feels like a setup for distribution under the disguise of consolidation. I’m anticipating a sellers' takeover. Entry Idea: Short on breakdown of triangle structure or on a faker as shown on the chart Stop: Above false breakout wick Target: Near 0.80408 (based on prior imbalance + clean levels below) Risk-reward speaks for itself. Let’s see if the tape reveals what I believe it’s been hiding in plain sight.
Short
by theeOperator90
The bearish trend is obvious, 3180 is foreseeable!Fundamentals: Focus on US economic data and Fed dynamics; Technical aspects: After gold fell below the recent low support area of ​​3260, the bearish trend became more obvious. Although gold has stopped falling near 3220, there is no obvious sign of bottoming out. From the current structure, gold still has room to fall, and the area near 3180 can be foreseen in the short term. However, after a sharp drop in gold, there may still be repetitions in the short term, so it is not advisable to over-short gold for the time being. Gold still has the possibility of a short-term rebound to the 3245-3255 area. Trading strategy: 1. Consider waiting for gold to rebound to the 3245-3255 area before shorting gold; TP: 3235-3225; 2. Consider trying to go long on gold in small batches in the 2330-2320 area, TP: 3245-3255, and then short gold after reaching the target area.
OShort
by Steffen_Schade
DXY Bearish Forecast for Quarter 2, 20251. Technical analysis The idea is based in ICT's PO3; AMD pattern. We have a rally above the open price of May 2025, to take out BSL above the highs. It also aligns with Daily tf premium arrays to short from. The lowest hanging fruit being the relative equal lows at equilibrium of the dealing range. 2. Fundamental analysis Investor's confidence in the Dollar is low due to POTUS' tariffs. ICT: Inner Circle Trader PO3: Power of 3 AMD: Accumulation, Manipulation & Distribution BSL: Buy side liquidity tf: Timeframe
TShort
by gabrielmike010
Nifty Analysis EOD - April 30, 2025 - Wednesday🟢 Nifty Analysis EOD - April 30, 2025 - Wednesday 🔴 🗓️ One more expiry day ended in suspense, surprise and a last-minute spike! 📊 Nifty Summary Nifty opened slightly green at 24,342, just 6 points above the previous close. A quick dip below the previous day’s low was swiftly recovered, triggering a rally towards 24,400. However, most of the session turned into a slow grind between a narrow 40-point range as both bulls and bears hesitated. As is typical on expiry days, a sudden burst in the last 5 minutes added 198 points to the move — a nightmare for option sellers but a jackpot for Hero-Zero traders. The day’s true intraday close stood at 24,243, while settlement was at 24,334, reflecting a wide 90-point gap traders must factor in. 🕔 Intraday 5 Min Time Frame Chart 🔁 Intraday Walk 🔹 Opened at 24,342 with a quick drop below PDL, then rebounded. 🔹 Rallied to 24,400 within the first 30 minutes. 🔹 Ranged for hours between 24,330–24,370 with no clear breakout. 🔹 A 198-point spike in the final 30 minutes caught most off-guard. 🔹 True intraday close = 24,243 vs. settlement = 24,334 → Huge difference! ⏱ Intraday 75 Min Time Frame Chart 📐 75-Min Chart Analysis / Zone Commentary The last 3 sessions showed repeated failed attempts to close above 24,365 (the previous week's high). A symmetrical triangle was clearly visible and delivered a classic trap: a false breakout, a liquidity grab, and an immediate pullback to meet the pattern’s target. Unfortunately, the real breakout happened around 2:35 PM — just after most had packed up for expiry! 📅 Daily Time Frame Chart 🕯️ Daily Candle Breakdown Today’s Candle Type: Spinning Top (Bearish Tilt) Today’s OHLC: Open: 24,342.05 High: 24,396.15 Low: 24,198.75 Close: 24,334.20 Change: –1.75 (–0.01%) Know How of Candle Type:A Spinning Top reflects indecision — a small body with long shadows shows a battle between buyers and sellers with no clear winner. Key Observation: Real Body = 7.85 points → Minimal net movement Upper Wick = 54.10 pts Lower Wick = 143.30 pts → Stronger buyer defense but weak follow-through What It Implies:Buyers showed strength at lower levels but couldn't close strong. Despite the strong lower wick, the red close tilts sentiment mildly bearish. The breach of previous day’s low confirms weakness unless reversed tomorrow. ⚔️ Gladiator Strategy Update Strategy Parameters: ATR: 313.49 IB Range: 126.40 IB Category: Medium IB Market Structure: Balanced Trade Highlights: 📉 No Trade Triggered Gladiator system remained silent today amidst the choppy expiry behavior. 🔮 What’s Next? / Bias Direction Although the larger bias had been mildly bullish, the breach of the 24,290 low shifts the short-term view to slightly bearish. However, one more session confirmation is needed before taking any aggressive stance. 📌 Support & Resistance Levels 🔺 Resistance Zones: 24,290 (PDL) 24,330 ~ 24,360 (Immediate hurdle) 24,396 (CDH) 24,457 (PDH) 24,480 ~ 24,540 (Incl. 24,500 psych level) 24,800 🔻 Support Zones: 24,190 ~ 24,225 24,120 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 💬 Final Thoughts “Expiry days are for the patient and the prepared. Today was a perfect example of how calm waters can suddenly become tidal waves.”The pattern, structure, and volatility continue to show that structure is key — respect it when it holds, and adapt when it breaks. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
N
by kzatakia
Buy gold, there is a rebound in the short term!Fundamentals: Focus on US economic data and Fed dynamics; Technical aspects: Gold fell below 3290 as expected, and even fell below 3280 beyond expectations. Our short positions also made a lot of money. At present, gold continues to fall to around 3272. Although the short momentum is relatively obvious, it is already close to the recent low support of 3265-3260. I think that before the NFP market, gold may not form a unilateral downward trend, so there are still repeated ups and downs in the short-term trend. Therefore, when approaching the low support area of ​​3265-3260, we might as well consider short-term long gold. Trading strategy: Consider going long gold in the 3275-3265 area, hoping that gold can rebound to the 3285-3295 area.
OLong
by Steffen_Schade
Is Nasdaq still bullish? Steep correction today as expectedIf you look at my last post, you can see where I explained the expectation. As range theory would state, the rejection from the bottom of a range creates a target in the high of the range. I have identified the candle top that I believe is the target for this rally. If the bearish imbalance is stacked with too many orders we will not make it there. We are sitting right around the 50EMA for hourly as well as retesting the break point and bottom of the hourly bearish orderblock as I have marked. It is in my opinion that the Void will act as a magnetic anomaly and assist in pulling price up as many institutional orders will be in that range, but we'll see 🔑 Share with a friend in need of real guidance 🫡
PLong
by HollywooodTrades
USDJPY – Potential Volatility AheadUSDJPY started the week with a 1.3% fall on Monday, where it fell from opening levels around its weekly highs at 143.88, to a low at 141.92 and has since stayed relatively quiet. However, that could all change as we move through towards Friday, as FX markets move into a 3-day period packed with important scheduled events. Risk sentiment towards US assets, and USDJPY in particularly, could be impacted by todays preliminary US Q1 GDP release at 1330 BST, which could indicate whether the US economy experienced a bigger slowdown at the start of 2025 than initially anticipated. Then, later in the day the Fed’s preferred gauge of inflation, the PCE Index is released at 1500 BST, and this is followed by the earnings updates from US technology giants Microsoft and Meta later in the evening. If that wasn’t enough to potentially increase USDJPY volatility, the Bank of Japan (BoJ) will post its interest rate decision early on Thursday morning. Although no change is expected due to the current uncertain tariff impacted climate and on-going trade deal negotiations with the US, the press conference led by BoJ Governor Ueda could contain some market moving commentary. This all culminates on Friday’s US Non-farm Payrolls update at 1330 BST, where all eyes may well be focused on the unemployment rate print, currently 4.2%, to see if the US labour market is weakening, which if it is, could open the possibility of Fed rate cuts. Technical Update: 144.06 Resistance Holds Latest Recovery Having approached 139.58, the September 16th 2024 low trade, USDJPY has seen a recovery in price. However it could be argued, this appears a reaction to what were likely over-extended downside conditions, in place after the 7.50% decline from 151.21, the March 28th 2025 high. Importantly, latest price strength has been held and so far, reversed by 144.06, the 38.2% Fibonacci retracement of March 28th to April 22nd weakness, which traders are likely to continue to focus on, as a potential resistance. The BoJ announcement and data releases this week have potential to be important sentiment drivers for USDJPY, and we must be aware of support and resistance levels that may help us gauge the next direction of future price moves. Resistance Levels: As we have said, so far, recent recovery themes have been unable to break above 144.06 retracement resistance, which will likely be an area that needs to give way on a closing basis to suggest possibilities of a more extended phase of price strength. While much will depend on the market’s reaction to up and coming events and future price trends, 144.06 closing breaks might suggest scope towards 145.43 the higher 50% Fibonacci level, even 146.80, the 62% retracement. Support Levels: Having seen Monday’s decline, price activity is back to what might be a support focus for traders at 142.00, equal to half recent strength. Closing breaks of 142.00 may be an indication of potential for further declines, although it is possible the 139.58 September 16th 2024 low may need to give way on a closing basis to suggest possibilities of increasing downside pressure on price. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone