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Candlestick Analysis

Dollar Plunge To 97.921: Trump’s Tariff Tsunami Erodes DollarDollar Index fell to 97.921, its lowest since April 2025, as Trump’s aggressive tariffs on critical minerals and China trade retaliation spooked investors. Analysts warn the dollar’s status as a reserve currency is under threat, with foreign holdings of U.S. assets declining sharply. However in the short-term, dollar might see appreciation up into premium PD arrays, namely the weekly fair value gap outlined.
TVC:DXYLong
by LegendSince
US10Y - Yield Volatility Amid Fed Policy StanceThe 10-year Treasury yield fluctuated between 4.30% and 4.39% this week, closing at 4.382% on May 9. The Federal Reserve maintained benchmark rates at 4.50%, dismissing pressure from the Trump administration for cuts. Chair Powell emphasised persistent inflationary risks and labor market stability, reinforcing a cautious "higher-for-longer" stance. 4.400% intermediate term buyside liquidity is a point of interest going forward.
TVC:US10YLong
by LegendSince
NEARUSDT Retracement and BuysIf price fails to break the High, then a retracement is sure which will push price to our entries. Let's explain. We have two POI the first from the bottom is a Breaker Block (BB) and the second is a Order block (OB). Now, if the price fails to push below the POI that begins at 2.327, then the BB will serve as an entry for our buy with SL placed below the POI. However, If price invalidates the BB, then there will be a further push to the last POI beginning at 2.151 where our OB will serve as the entry for another buy. However, I am optimistic about the BB serving as the entry after the pushback. NB: This is just an analysis and in now way a prediction of how the market will move.
Long
by Orhis
2
USDJPY Set to Rise as Support Holds and Dollar Finds TailwindsUSDJPY looks poised for further upside following a period of consolidation and a successful retest of strong support around the 140.50 level. The weekly chart reveals a clear triple bottom pattern, reinforcing the strength of this support zone and suggesting renewed bullish momentum. The US Dollar is starting to regain strength after a period of weakness, supported by improving U.S. economic data, sticky inflation, and a less dovish stance from the Federal Reserve. In contrast, Japan is unlikely to change its ultra-loose monetary policy in the near term, keeping rate differentials wide and favoring a stronger Dollar. With the Bank of Japan expected to hold rates steady for the foreseeable future, capital is likely to continue flowing out of the yen. Carry trade flows remain intact, adding to the upward pressure on USDJPY. Momentum indicators are turning higher, and price action is forming a steady base for another leg up. The market could target the 150 zone in the coming weeks, where the 50-week moving average may act as initial resistance. As long as 140.50 holds, dips could offer attractive buying opportunities. A sustained move above 145.00 could trigger fresh bullish momentum and accelerate gains.
Long
by fwalbaum
Nifty Analysis EOD - May 9, 2025 - Thursday🟢 Nifty Analysis EOD - May 9, 2025 - Thursday 🔴 🧨 Gap Down, Rebound & a Triangle Trap – Bulls Show Spine Amid Chaos Opening Mood: Overnight panic from geopolitical tensions shook the market’s foundation—but the bulls weren’t ready to surrender just yet. 🧭 Nifty Summary: Gift Nifty had plunged to 23,760 late last night on news of escalating conflict—marking a 445-point fall. However, as the night wore on without further developments, markets began to stabilize. At the open, Nifty registered a gap-down of 338 points at 23,935, but the first 5-minute candle showed strength, racing to fill the gap. After a brief attempt to break the Previous Day’s Low (PDL), Nifty failed to hold below and slid back to its origin. The rest of the day was a tug-of-war with sharp two-sided moves, eventually forming a descending triangle pattern—a sign of compression and directional indecision. 🕯️ Daily Candle Breakdown: Today’s Candle: Wide-range doji with upper wick—signs of volatility and hesitation Close: 24,008 (▲ Positive) Key Observations: ✅ Above 24,000 Psychological Mark ✅ Held Support Zone: 24,000 ~ 23,950 ✅ Above Recent Swing Low: 23,847.85 ❌ Slightly Below Previous Week’s Low: 24,054.05 ❌ Below Previous Swing Close: 24,036 What It Implies: Buyers are stepping in at key supports, but conviction is still lacking. The market remains reactive to global cues, especially Mission Sindoor ones. ⚔️ Gladiator Strategy Update Strategy Parameters: ATR: 291.20 IB Range: 204.00 (Large IB) Market Structure: ImBalanced Trade Highlights: Total Trades: 1 ✅ Long Trigger @ 10:10 AM → Target 1:1.5 Achieved 📈 Intraday Walk (5-Min View): Strong gap-fill in the first candle signaled bullish intent Failed breakdown below PDL trapped weak shorts Descending triangle emerged as price compressed Market closed near resistance but above key support—neutral to slightly bullish tone 🔮 What’s Next? This market is walking a tightrope between sentiment and structure. On one hand, technical levels are being respected—but on the other, global uncertainty is keeping participants hesitant. “This is a news-driven market. Delivery trades are best avoided. Stay nimble, trade the levels, and protect capital. Remember, sometimes staying out is a profitable strategy.” 🔍 Support & Resistance Levels 🔼 Resistance Zones: 24,036 ~ 24,044 24,150 ~ 24,165 24,188 ~ 24,240 24,290 24,330 ~ 24,365 24,400 ~ 24,420 🔽 Support Zones: 24,000 ~ 23,950 23,935 23,890 ~ 23,870 23,848 23,820 23,710 ~ 23,660 📌 Final Thoughts: “Structure is key. When levels work, respect them. When they break, adapt.” In a market full of noise, discipline and level-based action is your edge. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
ExhaustedThe long red candle indicates an overbought market. Despite the good economic results no new highs could be reached and the week showed beginning profit taking. Most of the market participiants are long and convonced of the good results. They are right and many of them are sitting on good profits. The more profit taking will come in here they will be thinking of taking an increasing part of their profit. f this is true the chart picture will show a double top and a beginning bear market in the shorter time frame.
NASDAQ:PLTRShort
by motleifaul
Ethereum Future: Limited Upside Ahead?Ethereum price dropped roughly 25% since April 2 due to an overall market crash following Trump’s tariffs implementation. Compared to the almost 40% drop back in February after the first tariff announcement, this time the correction wasn’t as harsh or brutal. So what can we expect next from Ethereum in the coming weeks? The main hope for ETH price remains the upcoming Pectra upgrade. Historically, major Ethereum upgrades have acted as bullish catalysts — for example, ETH roughly doubled in price ahead of both the Merge and the Shanghai upgrade. If history rhymes, we could see a similar pre-upgrade pump this time too. However, even if that rally materializes, I expect it to be limited to the $3,000–$3,400 range. The market lacks the kind of momentum or macro tailwinds needed to push ETH beyond 4k in this cycle — unless there’s a major shift in sentiment. Overall, I remain cautious. The broader crypto market seems to be rolling over, and Ethereum hasn't even reclaimed its ATH. With the next bear cycle approaching, long-term bullish targets might need to be revised — at least for now. Short-term bounce possible thanks to Pectra hype, but don’t expect miracles. ETH likely capped below 3.4k unless something big changes.
by Real_CryptoRoy
Bitcoin’s Make-or-Break Moment: Eyes on $70KBitcoin price almost reached the $74k support area, which is critical for the bull run continuation. This zone has acted as a strong resistance in the past, and a clean bounce from here could signal renewed strength and confidence in the market. However, if this support fails to hold and BTC closes the weekly candle below the $70k level, it would likely mark the end of the current bull phase and signal the beginning of a distribution phase or even the early stages of a new bear market. That doesn’t necessarily mean Bitcoin will crash straight to $50k — corrections are rarely that linear. But it would drastically reduce the chances of seeing new all-time highs in this cycle. The next rally, if it happens, would probably be more muted and shorter-lived. Hopefully BTC will manage to avoid this scenario and hold above the support area. On the positive side, if BTC holds above $70k and we see strong demand stepping in, it could set the stage for a healthy bounce and continuation of the uptrend. Still I expect that BTC will test 70k level and if we see strong buying pressure on that level we can expect some recovery.
by Real_CryptoRoy
2
Gold head and shoulders bottom trend, bull market strong?🗞News side: 1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble 2. The situation between India and Pakistan escalates again 📈Technical aspects: At the hourly level, today's Asian session continued the "wash-out" operation characteristics, quickly rising by 20 US dollars at the opening, and then stepped back to 3310 to confirm the top and bottom conversion support level. The two positive lines seemed to form a "yang-enclosing-yin" upward attack pattern, but suddenly reversed, not only breaking the trend support line of 3280, but also falling to 3274 before bottoming out and rebounding. This erratic trend has a significant long-short double kill effect for investors accustomed to trend continuation strategies. However, we can accurately find the right position in the market to trade and make profits. At present, it is expected to form a "head and shoulders bottom" pattern from a morphological perspective, accumulating momentum for subsequent rises, and there is still room for upside in the short term. At present, any pullback is an opportunity for us to go long. Pay attention to the 3360-3370 line suppression on the top. If this resistance area is broken, it may open up a new round of upward space. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSD
by AllenBoswell
2
Gold is in shock again, will the short position continue?🗞News side: 1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble 2. The situation between India and Pakistan escalates again 📈Technical aspects: Gold experienced a big plunge yesterday, and today it bottomed out near 3275 again and then started to rebound. The current gold price is caught in a wide range of fluctuations, with long and short positions frequently alternating to impact the market, making it difficult to form a unilateral trend. At present, the gold price once rebounded to around 3330. If the gold price breaks through the 3336 line, short-term trading in the European market may touch the upper level near 3350, or even the 3365 line. Today's market cannot chase the rise and sell the fall. Overall, it is still a wide range of fluctuations. It should be a violent roller coaster before the subsequent surge. The European session relies on the low point of 3310 to step back as a defense, focusing on the upper 3350-3360, and further close the key resistance of 3370. The short-term focus below is the support of 3280-3290. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell
Start buying goldTechnical aspects: Gold has bottomed out and rebounded after a rapid decline today. It has now stood above 3330. When gold breaks above 3330, it has to some extent broken away from the technical repair structure and began to tend to a bullish pattern in terms of form. Although gold is currently under pressure in the 3350-3360 area, as the center of gravity of gold moves up, the support below has gradually moved up to the 3325-3315 area. So I think there is still room for gold to rise, and it may continue to rebound to the 3345-3365 area. Trading strategy: Consider going long on gold in the 3330-3320 area, TP: 3345-3365
OANDA:XAUUSDLong
by Steffen_Schade
Golden stage low area: 3285-3275！Fundamentals: 1. Focus on Trump's dynamics and tariff-related issues; 2. Pay attention to whether geopolitical conflicts will escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc. The current expectation of interest rate cuts has declined, and the tariff storm has cooled down. At the same time, the market is betting on a further trend correction, which may cause capital outflows from the market, which will further hit gold bulls! Technical aspects: As I expected in my previous article, gold is expected to fall below 3300. Sure enough, gold has shown signs of falling below 3300. In the current structure, gold may further extend to the 3280-3270 area, which is also an important support area of ​​primary concern in the short term; and as gold fell sharply, the market was bearish, and short-term resistance also moved down to the 3315-3325 area. Trading strategy: 1. Consider the shorting opportunity after gold rebounds to the 3315-3325 area, TP: 3300-3290 2. Consider the longing opportunity after gold falls to the 3285-3275 area, TP: 3300-3310
OANDA:XAUUSDShort
by Steffen_Schade