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Candlestick Analysis

GBPCAD Wave Analysis – 26 March 2025 - GBPCAD reversed from resistance zone - Likely to fall to support level 1.8230 GBPCAD recently reversed down from the resistance zone between the resistance level 1.8625 resistance trendline of the weekly up channel from 2023 and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Shooting Star candlesticks reversal pattern – which started the active wave iv. Given the strongly bearish sterling sentiment and the overbought weekly Stochastic, GBPCAD can be expected to fall to the next support level 1.8230.
Short
by FxProGlobal
Nifty Coming back to test its supports.After a proper breakout and a rally which stretched above 1900 points from the March 4 lows, Nifty was clearly overbought on the hourly chart. It might be coming down for one or more of the following reasons: 1) Retesting support from where it can launch fresh move. 2) Correcting the RSI which had gone into the overbought zone. 3) Pressure due to upcoming Monthly and Financial year closing approaching on 28th March 2025. 3) The rally might have fizzled out. 4) Tax harvesting being done by retail investors. 5) Pressure due to upcoming Monthly and Financial The first 4 options seem to be more likely of the 5 points mentioned above. FII was again on the buying side today so DII and Retail were the major selling parties. Nifty Supports currently remain at: 1) Strong support zone of 23398 and 23309 (Hourly Mother Line support). This zone also includes the formidable mid channel support. 2) Next support is at 23145. 3) The next critical support for the rally remains at (Father line of the hourly chart) which is at 22959. 4) Final support for the rally will be at Channel bottom which is at 22801. Nifty Resistance currently are at: 1) 23602 which is now a resistance. 2) 23749 a formidable resistance. 3) Recent rally top at 23869. 4) The zone between 24071 and 24267. (The areas that can be new channel top). If you want to learn more about Mother, Father and the Small child theory designed by me about the stock market, Parallel Channels, charts, Candlestick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand Behavioral Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. More volatility can be expected int the next 2 days due to ongoing Ukraine-US-Russia announcements, Financial year expiry and Trump Tarif updates. Trade with caution. 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.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Futures Short Setup – Targeting 23,561-23,539📉 Nifty Futures Short Setup – Targeting 23,561-23,539 📉 🔹 Trade Setup: Entry Zone: here Target: 23,561 – 23,390 Exit Zone (Invalidation): Above 23,765 Trade Rationale: Rejection from resistance Weak momentum signals further downside Ideal for intraday or short-term traders 🚨 Watch for confirmation before entry! #Nifty #NiftyFutures #StockMarket #TradingSetup #PriceAction #TechnicalAnalysis #IntradayTrading #NSE #MarketAnalysis #OptionsTrading
NSE:NIFTY1!Short
by Anany_shringi
Gold Faces Repeated Rejections, Bearish Outlook RemainsAlthough gold has yet to confirm a significant downtrend, it has faced multiple rejections around the 3030-3040 resistance zone in recent sessions. Notably, after touching 3036 yesterday, gold experienced a sharp pullback, forming a long upper shadow on the candlestick chart. This price action has diminished the supportive effect of the underlying W-bottom structure. If gold continues to struggle to break above the 3030-3040 zone, the current seemingly strong price action may prove to be a false signal, merely a setup for a subsequent decline. Additionally, with geopolitical risks easing and no significant fundamental drivers supporting further upside, I remain optimistic about a bearish continuation in gold. We can consider scaling into short positions within the 3028-3038 range, patiently targeting a retest of the 3010-3000 zone. A confirmed break below 3000 could accelerate further downside toward the 2995-2985 region. I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDShort
by Trader_Marvin
Gold is expected to rise to the 3030-3040 zone againGold encountered a clear rejection signal after reaching around 3036, indicating the presence of resistance and a technical need to retest support. Currently, gold is undergoing this support retest. Within the current structure, gold has established a notable W-bottom pattern, with key support formed around the 3000 and 3003 levels. This structural support remains relatively strong. If gold manages to hold above the 3015-3005 support zone during the retest, a renewed upward move is likely. In that scenario, gold could resume its ascent, potentially retesting the 3030-3040 resistance range. So in terms of short-term trading, if gold pulls back to the 3015-3005 zone, we can consider going long on gold in moderation.I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDLong
by Trader_Marvin
ZB1! - Will Donald Trump Pump The Bond Market? On Wednesday, Trump mentioned the need to lower interest rates as the tariffs will have major effects with the rates being where they are at now. In the last, whenever yields rise, bonds will fall and we have been seeing this from the beginning of September 2024, with minor signs of retracement (factoring Jan 2025 bull run) Overall, when you look at price action over the past few weeks, it seems as though the bull run has slowed down and there could be a chance for bonds to drop to 116 going into next week.
CBOT:ZB1!Short
by LegendSince
US10Y - Will Donald Trumps Lower Interest Rates Come True?President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates, hours after it chose to leave borrowing rates unchanged. He quotes “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy,” Trump said in a post on Truth Social on Wednesday, adding “Do the right thing.” On Thursday, we witnessed manipulation to the downside, indicating that in the short term we could be in for higher yields, with 4.267% being the 1st point of interest. Reference: abcnews.go.com
TVC:US10YLong
by LegendSince
Silver’s Bullish Breakout Raises Stakes for $34.24 RetestSilver delivered a monster bullish candle on Tuesday, completing a morning star pattern while smashing through wedge resistance that had capped gains earlier in the week. With RSI (14) setting higher lows and MACD on the verge of a bullish crossover, price and momentum signals suggest a growing risk of a retest of the March 18 high at $34.24. Silver has a habit of gravitating toward round figures, making any pullback toward $33.50 a potential buying opportunity where longs could be established above with a stop beneath for protection. Resistance may emerge near $34, though $34.24 appears a more meaningful initial target. A break above that could encourage bulls to chase a move toward the October high of $34.87. If silver reverses back beneath former wedge resistance and holds there, the bullish bias would be invalidated. Good luck! DS
FOREXCOM:XAGUSD01Long
by FOREXcom