Get started

Candlestick Analysis

GBPUSD | APRIL 2025 FORECAST | Chopping Block is Hot!GBP/USD is approaching the psychological 1.3000 level, a key battleground for bulls and bears. The pair has been trading within a rising channel, but recent price action suggests momentum could be shifting. 🔹 Trend & Structure: GBP/USD remains in a broader uptrend but is struggling to maintain bullish momentum above 1.3000. A confirmed break could signal continuation, while rejection may trigger a retracement toward 1.2800-1.2750. 🔹 Technical Outlook: Support Levels: 1.2850, 1.2750 Resistance Levels: 1.3050, 1.3150 Indicators: RSI hovers near 65, signaling slight overextension; MACD shows bullish momentum but weakening. 🔹 Fundamental Factors: BOE policy expectations vs. Fed’s stance on rate cuts. US & UK economic data—watch CPI and employment figures. If GBP/USD clears and holds above 1.3000, it could open doors for a rally toward 1.3150. But if sellers defend this level, we might see a pullback toward 1.2850-1.2750 before the next move. Will 1.3000 hold, or is a reversal on the horizon? Drop your predictions below! 📉📈 #GBPUSD #ForexTrading #MarketAnalysis
Short
by TLTurnerTV
1
GBPJPY | APRIL 2025 FORECAST| Will GJ fly to the SKY?GBP/JPY has been riding strong volatility, reacting to both BOE and BOJ policy shifts. As we head into the new month, the pair is testing a critical resistance zone near , with momentum signaling a potential breakout or rejection. 🔹 Trend Analysis: The pair remains in a strong , with price respecting the as dynamic support/resistance. 🔹 Key Levels: Resistance at , support at . A break above could open the door to . 🔹 Technical Outlook: RSI divergence hints at possible exhaustion, while Fibonacci retracements suggest key reaction zones around . Will GBP/JPY continue its bullish momentum, or are we looking at a deeper correction? Share your insights below! 📉📈 #GBPJPY #ForexForecast #MarketAnalysis
Long
by TLTurnerTV
AUDUSD | APRIL 2025 FORECAST| This Next Move will be Massive!AUD/USD is shaping up for a critical month, with price action hovering around a key support zone near . The pair has been reacting to , influencing both bullish and bearish momentum. 🔹 Trend Analysis: The pair remains in a on the higher timeframe, with acting as dynamic support/resistance. 🔹 Key Levels: Support at , resistance at . 🔹 Momentum & Structure: A break above could trigger bullish continuation, while failure to hold may lead to a deeper retracement. With fundamentals aligning with technicals, this month could present solid trading opportunities. Will AUD/USD push higher, or are we in for a reversal? Drop your thoughts below! 🚀📊 #AUDUSD
by TLTurnerTV
The Index to watch next week: FMCG IndexThe index that is trying to break out and one needs to watch the next week seems to be the FMCG Index. The FMCG index is currently facing the Mother line resistance. If the index can overcome the Mother line resistance which is at 53619 there is a chance that this index in the near future can go on to its net resistance levels which are at 54203, 55259 or even 56230. A closing above 56230 or the Father line and the trend line near by in a few weeks or the next quarter can lead the index to gain some previous levels like 57K, 58K or even 59K. The support for FMCG index is currently at 52656, 51508 and 50176. To know more about supports, Resistances, investing in stocks based on sector index, Trend lines Parallel Channels, Mother, Father and small Child Theory, Behavioural finance, Fundamental analysis, Technical analysis, Profit booking etc. Read my book The Happy Candles Way to Wealth creation. It is as on date one of the highest rated books on Amazon. The paperback version and Kindle can be bought through Amazon. You can also contact me to buy the same. Now if this breakout actually happens in the Nifty FMCG index the some of the stocks that composites the FMCG index will be the beneficiaries. Some might benefit more some might benefit less and some might not benefit but for index to move upward the stocks composing it have to perform well. To know which stocks will do better than others we will have to look at their individual charts. The stocks which make the Nifty FMCG index are Tata Consumer, Britannia, Radico Khaitan, Godrej Consumer Products, UBL, Dabur, United Spirits, Nestle, Colgate, Marico, PGHH, Dabur, Balrampur Chini, Hindustan Unilever, Varun Bevreges and ITC. The Index Can Perform if the majority constituents or the stocks with heavy weightage perform. Some of these stocks can perform others might not. Choose wisely after consulting your investment advisor, studying fundamentals and Technicals of each company. 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. No one can guarantee any success in highly volatile market or otherwise. There is also chance of bias in our opinion. The supports and resistances indicated are based on data which has a cycle time of being 3 months or older so it is not necessary that it will work. The author or Smart Investment 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.
NSE:CNXFMCGLong
by Happy_Candles_Investment
US30 Sells Idea for the New York SessionUnless we see some news come out on tariffs, we could see some downside on US30 today. It is falling inside a wedge pattern right now, and I expect the price action to fall within that wedge with a potential to go down during the New York session. I will be waiting for a break of the upper green zone (around 42150), then a pullback and rejection, to take sells down towards the 42000 (and possibly lower) areas. I am not looking for any buys on US30 today, unless I see some really big green candles towards the upside during the 9:30 am EST.
FX:US30Short
by CandleStickGuru
Buy BTC,it still has the potential to reboundBTC experienced a sharp short-term decline, breaking lower; however, the downward momentum has significantly slowed. Importantly, the recent pullback has not disrupted the broader upward consolidation structure, with the 84500-83500 zone continuing to provide strong support. Once the bearish sentiment fully subsides, I anticipate a relief rally or a technical rebound. Therefore, this pullback could present an excellent opportunity to go long on BTC. Consider entering long positions around the 84500-83500 support zone, targeting an initial upside move toward the 86000-86500 range. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Long
by Trader_Marvin
Gold Approaches 3100, Short Opportunity EmergesGold has reached a high of around 3085, now just a step away from the 3100 level. However, for short-term trading, I view the 3085-3105 range as an ideal zone to consider short positions on gold. 📍Short-Term Trading Strategy: Consider scaling into short positions within the 3085-3105 range. Pay close attention to position sizing and risk management when setting up trades. 📍Key Support Levels to Watch: -First target: 3065-3055 -Second target: 3045-3040 The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDShort
by Trader_Marvin
Gold Bulls Again!Following significant buying activity during the Asian session today, spurred by Trump's announcement on auto tariffs, gold prices have begun to cool off and are retracing towards the 3050 region. If the price reaches this level and forms support on the lower timeframes (30-minute to 1-hour charts), there may be an opportunity to take quick buy positions similar to yesterday's trades. At present, selling gold is not advisable, as tariff-related news could trigger volatility at any moment. For buy positions, it is recommended to wait for the price to retrace and confirm that buyers are actively stepping in. This approach minimizes risk and ensures a favorable risk-to-reward ratio. Wishing you a successful trading session and a fantastic Friday ahead!
FX:XAUUSDLong
by CandleStickGuru
Nifty finds a support just above Mother line and Mid-channel.Nifty has today found a good support just above Mother line of the hourly chart and Mid-channel support zone as it bounced from lows of the day near 23412 to close at 23591. Tomorrow being the weekly closing, monthly closing and financial yearly closing it become very important or one of the most important days for investment enthusiasts. A positive closing tomorrow will empower bulls in a lot of ways. The first support for Nifty will be at 23550. A very strong support zone for Nifty right now remains between 23412 and 23380. This zone includes today's low, mid channel support and mother line support. A closing below 23380 will bring bears back into action who can potentially drag Nifty again to 23145, 23003 or levels below 22801. Resistance zone for Nifty remains at 23646 today's high, 23670, 23778 and 23900. A closing above 23900 will empower bulls to take Nifty to higher levels of 24046, 24169 or 24378. As described earlier very important day tomorrow with shadow of the candle being neutral to positive. 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:NIFTYLong
by Happy_Candles_Investment