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Candlestick Analysis

US 10Y Yields - Chasing Lower YieldsAssessing the weekly range, from low to high, it is clear to me that the yields is still trading in a premium and with major liquidity pools attacked to the upside, it's only a matter of time we see a cooldown period. Below 4.469% is regarded as a discount and it might take several of weeks to pan out but I would like to see the weekly bearish consequent encroachment @ 4.735% respected with 4.809% being the last line of defence.
TVC:US10YShort
by LegendSince
ONDO Gearing Up for a Breakout: Will $2 Be the Next Stop?Hello, Traders! After rising 250% since November, ONDO dropped 40% from its top and is currently recovering from that downfall. The ONDO price is approaching its first resistance at the $1.61 level, and if it manages to break through, the road to $2 will be open. A successful breakout above this level could trigger increased buying pressure, pushing the price toward current ATH. There is a high chance that we will see this rise in February, especially if BTC.D drops below 57%, signaling a potential capital rotation into altcoins. Additionally, strong market sentiment and favorable macro conditions could accelerate ONDO growth, making the next few weeks crucial for its price action. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
6
Nifty trying to stage a comeback but important hurdles coming upNifty is trying to stage a comeback but there are important hurdles coming up 23328 and 23883 has a lot of obstacles for the rising Nifty based on the historical data. (Historical meaning the data which is At Least 3 months or older). The important resistances for Nifty here are 23328 (June 24 peak) followed by Father line resistance (200 day's EMA on daily chart at 23623.). The mother line resistance (50 day's EMA) which is at 23687. After we get a closing above this zone the next resistance will be near 23883. Once we get a closing above 23883 we can think of gaining back 24K levels. Supports for Nifty now remain at 22838, 22316 and 21869 which is near the lows of June 4th 2024. Shadow of the candle is currently positive but near the resistances mentioned earlier there can be pressure on Nifty. 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. 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. This is a spot Nifty analysis based on Historical data as mentioned earlier. 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
USD/CAD levels heading into US GDPThe strong rally from the October low has entered a sideways range, and prices have seen failed attempts to break above a prior double-top high ~1.4468. A bearish pinbar also formed yesterday beneath the double top and the daily RSI (2) is also near the overbought zone. The 4-hour chart shows a 2-bar bearish reversal at the range highs, and until we see a breakout accompanied with a worthy headline, the bias is to fade into moves below 1.4470 with for some mean reversion back towards the 2020 weekly-close high at 1.4332 Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
Russell 2000 and 50DMA: The Mix for Explosive MovesWith fresh data on US GDP and inflation arriving over the next two days, Russell 2000 futures look interesting as they close in on the key 50DMA. The index is testing minor resistance at 2312.8 in thin Asian trade, with the 50DMA not far above at 2323.5. The focus on the latter comes from its tendency to spark explosive moves once the price either breaks or bounces from it. Over this week and last, bulls have repeatedly probed the level only to be thwarted by bears, painting a picture of a stalemate that may be eventually be resolved in a similar manner. The string of doji candles since only reinforces this view. If we see a sustained break above the 50DMA, longs could be established above it with a stop either below it or at 2312.8 for protection. 2386.6—which has acted as both support and resistance previously—is one potential target. A break above that would put a retest of record highs on the table. Alternatively, another rejection at the 50DMA would be a strong signal that a bearish bias may be warranted. Mixed signals are emerging from momentum indicators, with MACD pushing higher while RSI (14) sits in a minor downtrend, though it’s threatening to shift higher. Upcoming economic data screens as important for small-cap US stocks given their cyclical characteristics and reliance on capital markets for funding. Good luck DS
CME_MINI:RTY1!Long
by FOREXcom
ASX 200: Why I'm not banking on [an immediate] record highThe ASX 200 cash market is tantalisingly close to retesting its record high set in December. Traders are betting on an RBA cut in February (and 100bp of cuts this year) which is helping to support the market. Yet I doubt the ASX will simply break to a new high without a fresh catalyst. Comparing the ASX 200 cash and futures market and their key levels, I explain why. Matt Simpson, Market Analyst at City Index and Forex.com
ASX24:AP1!
by CityIndex
3
GBPPLN - A Potential Buying Opportunity towards 5.03500OANDA:GBPPLN is in a key support zone, which has multiple times seen strong bullish reversals and notable buyer interest. The recent bearish pressure has brought the price into this critical area, presenting a potential buying opportunity. I expect a move toward 5.03500. However, if this support zone is breached, the bullish outlook would be invalidated, potentially resulting in additional downside movement. -Target Price: 5.03500 -Support Zone Breach: Invalidates bullish outlook, potential decline -Risk Management: Crucial for position sizing and protection
Long
by TrendDiva
2
Bulls Make a major counter attack to Pull Nifty upwards. Today the Bulls fought back very well and against all odds were able to close Nifty much above Mother line of hourly chart. Nifty closed at 23163 and the Mother line support now is at 23108. If Bulls are able to keep Nifty aflot above this level and drive it higher they will have potential to make a come back into the game which was dominated one-sidedly by Bears since a long time. Not only Nifty we saw Mid and Small cap index also fight back today. The negative observation is that there is a trendline resistance just near today's high as you can see in the chart at 23183. So closing much above that level tomorrow will be really helpful. The supports for Nifty now remain at: 23108 (Mother Line Major support), 23032, 22919, 22776 (Major trend line support), 22465 and 22100 will be the channel Bottom support. The Resistances for Nifty now will be at: 23183 (Major Trend line resistance), 23354, 23465 (Major Father line Resistance of 200 hours EMA), 23542, 23726, 23892 (Major Channel top resistance). If channel top resistance is broken in the current rally Bulls will be back in the game and can drag the index further upwards towards 24060 and 24226. Above 24226 monthly closing there is Nifty landing again in Pure Bull territory. Good come back by bulls. Shadow of the candle now is neutral but it can become positive if we get a closing above 23183 tomorrow. 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. 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. I or my clients might have positions in the stocks that we mention in our 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