USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields.
With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated.
After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks.
If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA.
Good luck!
DS
Candlestick Analysis
Antony Waste is certainly not waste.Antony Waste Handling Cell Ltd. engages in the provision of solid waste management services. Its services include waste collection and transportation, mechanized and non-mechanized sweeping, waste processing and treatment, and waste to energy.
Antony Waste Handling Cell Ltd. CMP is 736.75. The positive aspects of the company are Annual Profit Growth higher than Sector Profit Growth, Rising Net Cash Flow and Cash from Operating activity and Company able to generate Net Cash. The Negative aspects of the company are High Valuation (P.E. = 24.5), High promoter stock pledges, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 747 Targets in the stock will be 784 and 821. The long-term target in the stock will be 848 and 900. Stop loss in the stock should be maintained at Closing below 671 or 605 depending upon your risk taking ability.
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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
Alkem looks alrightAlkem Laboratories Ltd. engages in the development, manufacture, and sale of pharmaceutical products. It produces branded generics, generic drugs, active pharmaceutical ingredient, and nutraceuticals.
Alkem Laboratories Ltd. CMP is 6039.55. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter and MFs increased their shareholding last quarter. The Negative aspects of the company are High Valuation (P.E. = 35.2), Declining Net Cash Flow : Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 6105 Targets in the stock will be 6202 and 6315. The long-term target in the stock will be 6442. Stop loss in the stock should be maintained at Closing below 5818 or 5363 depending upon your risk taking ability.
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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
SWING IDEA - ANAND RATHI WEALTH LTDAnand Rathi Wealth Ltd , a leading wealth management company in India offering financial advisory services, is presenting a potential swing trading opportunity.
Reasons are listed below:
4300 Zone Breakout : The 4300 level has been tested multiple times, and the stock is now breaking out, suggesting renewed buying interest.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, indicating strong upward momentum.
Breaking Consolidation Zone of 6 Months : The stock is breaking out of a long consolidation phase, which could lead to a new bullish trend.
Trading Above 50 and 200 EMA : The price is trading above both the 50 and 200-day exponential moving averages, reinforcing the bullish outlook.
Volume Spike : An increase in trading volumes supports the strength of the breakout, indicating robust market participation.
Target - 4850
Stoploss - daily close below 3990
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@visionary.growth.insights
AEROUSD BULL FLAG ON DAILYI am seeing bull flag form. Although it is on the daily chart we know from history and with all the craziness that's going on it may rocket up
Technical bounce in Nifty today, recovery can be a long processToday what we saw can be called as technical recovery by Nifty in the process of bottom formation. Actual recovery can still be a long process. Bulls can be back inn business only if we get a closing above mother line of 50 days EMA that is at 24898. 24898 is a critical level because mid channel resistance for the current parallel channel as well as Mother line. Whether Nifty can weather the storm and move ahead is only a question which time will answer in the short term. Long term investors can see current situation as partial entry zone for large and mid-caps which have given a good result this quarter or are giving a good result.
Supports for Nifty remain at: 23865, 23684, 23464 (Father line Strong support 200 days EMA) and 23626 (Strong Parallel Channel Bottom Support).
Resistances for Nifty Remain at: 24492 (Today's high and strong Trend line resistance), 24679, 24898 (Strong Mid-channel and Mother line resistance of 50 days EMA), 25221 and 25623.
Strong momentum and positive action has potential to take Nifty back to 26K+ levels. As on date even after strong resilience shown by Nifty FIIs are still on the selling side as they were net sellers of Equity worth Rs.3228 Crores. DIIs and Retail investors have been on the buying side at every dip. This is what is not allowing the Nifty to fall currently beyond 200 days EMA. Let us see who given in first. Very interesting tussle going on between FIIs and DIIs + Retail investors combination. Shadow of the candle for tomorrow is neutral to slightly positive but it is hanging by a thin thread. (Approach for long term should be cautious but positive. Approach for short term is still very cautious as we are not out of deep waters).
SUIUSD UPDATEAlthough I am out of the trade, I took my profits I still like to see what else is going on I may Re Enter but not really, I am too into what going on with DOGE right now. But look its following what I think it might do. But that cool too.
DOGE/USDI saw a cup and handle yesterday so I took advantage of the rise up, exiting might try half let it run then get then exit the trade, but this is what it looks like so far, I think there will be more a bigger climb up.
SOLUSD FAKEOUT OR BREAKOUT I'm staring at this chart and I don't want to b that guy that is a negative but bro. I think this is absolutely screaming in my face that its going down
AUDUSD: 4D/4H Curve AnalysisPIVOT HIGH = Resistance @ 0.69348
PIVOT LOW = Support @ 0.64724
⚠️ HIGH RISK SELL ORDER
(with tight stop loss)
FINAL TP @ 0.6565
AUDJPY: 32m Curve AnalysisPIVOT HIGH = Resistance @ 101.662
PIVOT LOW = Support @ 100.037
⚠️ HIGH RISK SELL ORDER
(with tight stop loss)
FINAL TP @ 100.36
AUDCAD: 1D Curve AnalysisPIVOT HIGH = Resistance @ 093771
PIVOT LOW = Support @ 0.90966
⚠️ HIGH RISK SELL ORDER
(with tight stop loss)
FINAL TP @ 0.9138 🤑
S&P sellers kick in, but the market remains strongLast week was marked by some selling activity. As anticipated, sellers took advantage of temporary bullish exhaustion and attempted to push the market down. A strong sell-off occurred on Wednesday, with the market losing 1.2%. However, this sharp decline did not see much follow-through, as the price found strong support at the top of the previous consolidation zone ( 574.7 ). On Friday, buyers even attempted to set a new daily high, but they were unable to maintain it through the close.
All of this leads me to believe that the sellers are not particularly strong, and we remain in a broadly bullish environment. A few key points supporting this bullish outlook include:
1. The weekly uptrend is still intact, and there is ample room for this weekly higher low.
2. There is relative strength in "risk-on" sectors (XLK, XLY), suggesting that bullish sentiment hasn't completely faded.
While we might see some short-term rotation within the 584.5–574.4 range, defined by two daily candle wicks (Wednesday and Friday), the long-term outlook remains decidedly bullish.
This week, important economic data will be released, along with earnings reports from major tech companies. This is likely to cause increased volatility, but unless there are major negative surprises, bullish sentiment should remain solid.
Following lines
interpretation of the patterns
Good evening sirs , today we will be doing analysis of candlesticks with pivot points and cycles.
Please be sitting in your seats to receive it well better!
for further instructions see attached notes
see attached notes for further instructions
see included instructions for notes to further instructions
see further instructions for attached notes regarding further instructions on how to see attached notes (that may or may not contain) further instructions.
CHFJPY: Is That a Bullish Trap?!🇨🇭🇯🇵
CHFJPY may drop after a potential bullish trap:
the price violated a strong horizontal resistance
and returned below that quickly, forming a strong bearish imbalance.
The price may reach 176.0 level soon.
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Tesla on its way to 500NASDAQ:TSLA
Telsa finally entered in the strongest Elliot Wave there is: iii of 3 of (3) ..... almost nothing can stop the stock now (!)
Additional weekly 3 candle pattern made a "Mornign Doji Star" , also a very bullish occurence: normally we see a trend change in 78% of times and according to Bulkowski - And the height of the pattern was huge - So expect a very strong coming Rally ..... last week was only the Start!
Also in weekly Candle pattern we can see a Bullish Engulfing - Strong down after 10/10 Event and this week a rise of 27% - This is a very seldom strong Bullish Engulfing and we can expect many weeks of rise into Year End in my opinion!
Friday we went over the Neckline of the INVERSE HEAD&SHOULDER - The target points to 500, which gives us a new ALLTIME HIGH (!)
And if Elons prediction of 25% to 30% growth will Happen next year, Profit will increase by 50% ….. WHICH GIVES THE TESLA STOCK A RISE OF MINIMUM 100% next year (!)
USDJPY: Classic Gap Opening Trade I see a nice example of a gap up opening on 📈USDJPY
There is a strong likelihood that the gap will be filled, as indicated by the cup and handle pattern on the 30-minute timeframe.
I anticipate the price reaching levels between 152.80 and 152.40 in the near future.
GOLD (XAUUSD): Intraday Bullish Signal ConfirmedGold’s price appears poised to retest its all-time high soon, supported by a strong global bullish trend.
On the 4-hour timeframe, a cup and handle pattern has emerged, providing a solid intraday confirmation. This suggests potential growth towards 2758, in alignment with the all-time high level.
GBPUSD BUY OPPORTUNITYGBPUSD BUY OPPORTUNITY
The downward trendline of GBPUSD
has been broken, and formed a new
supply zone at 1H and 4H chart.
Therefore, buy GBPUSD when the price pull
back around 1.295
SL: Below 1.2935
TP1: 1.299
TP2: 1.203
Significant Bullish Breakout in GBPAUDGBPAUD shows strong potential for further gains after successfully breaking a key resistance level on the intraday/daily timeframe.
The previously breached structure now serves as support, signaling a possible bullish move toward 1.9700.
CADCHF: Classic Gap Trade 🇨🇦🇨🇭
CADCHF is going to fill the gap up opening.
After reaching the intraday resistance, the pair
leaves clear bearish clues.
We can expect a bearish movement at least to 0.624
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Gold buy opportunityGold buy opportunity
Gold formed a double bottom, and re-touched
0.618 then followed a upward trend.
Therefore, buy gold when the price pull back
around 2735
SL: Below 2725
TP1: 2757
TP2: Higher
EurCad could rise 200+ pipsSince late August 2022, EUR/CAD has been in a bullish trend, gaining approximately 1,000 pips. However, after reaching a local high in early August 2024, the pair began trading within a range, encountering clear resistance around the 1.5150–1.5200 zone.
Last Thursday, the pair rebounded from range support, forming a strong bullish engulfing candle on the daily chart, which suggests a promising outlook for continued upward movement. I am looking to buy on dips in EUR/CAD with a target around 1.5200, while the trade setup will be negated if the price falls below last week’s low.
A confirmed bullish signal would be a daily close above 1.5000.
