The_STA

The_STA

It never ceases to amaze how, in times of uncertainty, markets tend to revert to their long-term moving averages. Right now, US stocks are taking a hit, pricing in an expected slowdown. 🔻 Nasdaq has broken key technical levels, closing below its 2023-2025 uptrend and 55-week MA (19,770). A weekly close below this will confirm further downside risk, with major...

01:45

The_STA

The S&P remains fragile below the 55-day moving average (6000), with key support levels in focus: 📌 200-day MA at 5723 📌 Mid-2024 peaks at 5651/70 📌 55-week MA at 5603 If the 55-week MA breaks, there’s little support until the 2022 peak at 4818. Volatility ahead! Disclaimer: The information posted on Trading View is for informative purposes and is not intended...

The_STA

The descending triangle pattern on Diageo’s weekly chart presents a strong bearish signal, suggesting that the stock may be poised for a deeper decline. Historically, descending triangles indicate mounting selling pressure, and with price action nearing critical support levels, the risk of a breakdown is significantly high. Currently, Diageo is approaching key...

01:12

The_STA

The FTSE 100 continues its strong momentum, breaking into new highs this January! 📊🔥 🔹 The five-year uptrend has provided solid support, with successful tests in November & December. 🔹 A symmetrical triangle breakout suggests an upside target of 9120 in the medium term. Disclaimer: The information posted on Trading View is for informative purposes and is not...

The_STA

While the sharp decline in Nvidia's stock price made headlines yesterday, let’s assess the actual technical damage caused by the move. Attached is a weekly chart, displayed with logarithmic scaling. This scaling method is used because Nvidia's share price has grown exponentially over the past few years, making percentage-based changes more meaningful for...

01:58

The_STA

Taking a closer look at Walt Disney's recent performance: 🔹 Recent Correction: The market has been moving lower recently but seems to have found support and recovered just ahead of the 38.2% retracement from the August-to-December rally. 🔹 Partial Gap Closure: A key technical sign of strength as it partially closes an old gap. 🔹 Monthly Chart Perspective: The...

The_STA

Back on Nov 4th, we highlighted a potential triangle pattern on UK 10Y yields. 📈 At the time, we noted that a weekly close above 4.75% would complete the pattern, offering a potential longer-term upside target of 6.6%. Last week, we got a weekly close above 4.75%! While a monthly close would strengthen the case, for now, as long as yields stay above 4.50%, I'm...

01:27

The_STA

I took a look at the longer-term chart for GBP/USD and it looks like the market has recently failed at the top of an eight-year down channel – if this is correct there is a lot more downside pain to come for Sterling. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but...

The_STA

Back in mid-October, I mentioned keeping the US 10Y yield on your radar 📊 as it appeared to be forming a potential falling wedge pattern. This pattern, if completed, would indicate higher interest rates ahead. Well... the time is here! 👀 Should the market close above 4.42% today, this pattern will officially complete. 🔑 Key Levels to Watch: ✅ Ideally, a second...

The_STA

We’re seeing a potential shooting star pattern forming on Bitcoin’s daily chart, combined with RSI divergence. Despite BTC hitting a new high, the RSI hasn’t confirmed it, hinting at fading upside momentum. While these signals are concerning, I’m waiting on further confirmation. Ideally, a bearish candle should follow the shooting star—something we don’t have yet....

01:57

The_STA

The silver market is looking quite interesting right now! Here's a breakdown of the key insights: 📊 Daily Chart Highlights: • Silver is stabilizing above its 200-day moving average at 2918. • It's also holding steady above the 61.8% retracement of the entire move up from August, located at 2971. • The daily RSI shows divergence, signalling a loss of downside...

01:38

The_STA

The 10-year yield has faced mounting pressure over the past month, and we’re now approaching critical support levels—notably, 2.00/2.01, the recent low. 🔍 Key Insights: • The RSI has dipped to 16, suggesting that this zone may hold on the initial test. • However, the broader pattern since 2023 is starting to resemble a potential topping formation. ⚠️ What to Watch...

01:57

The_STA

Today, we’re diving into the Walt Disney (DIS) chart, which has seen a sharp rise over the past few weeks! Here's a closer look at the weekly chart to better understand the move in a long-term context: 📊 Key Observations: • Range-bound since 2022: The stock has oscillated between $125 and $80. Currently, it’s testing the upper boundary of this range. • Resistance...

01:17

The_STA

The gold market has recently experienced a notable correction lower, but here’s why it’s crucial to view this as just a correction: 📊 Chart Highlights • The market held above the base of the cloud on the daily chart and bounced cleanly off it. • The recent low found support at the 20-week moving average. • Gold remains above the 23.6% retracement of the entire...

The_STA

The market's momentum has taken the S&P 500 to fresh highs, but where do we go from here? 🤔 Here are the key resistance points to watch: 🔹 First hurdle: 2-month resistance at 5975 🔹 Psychological level: 6000, a tougher barrier 🔹 2024 resistance: Around 6070-6090 – likely to be a strong test 🔹 Major milestone: The top of a long-term channel on a logarithmic...

The_STA

The UK 10-year gilt yield is showing a potentially interesting setup on the chart! A symmetrical triangle pattern appears to be forming, and a weekly close above 4.75% could confirm this formation, with a longer-term target up to 6.60%. Recently, yields surged to 4.51%, the highest in a year, following reactions to the Labour government’s first budget. Key...

01:01

The_STA

The daily Bitcoin chart just broke through its downtrend line from March 2024 — and it did so with some serious momentum! 📈 Now we’re watching for a continuation of this upward move. The first key resistance level? The March 2024 high at $74,415. Looking at the big picture on the monthly chart, BTC has been in a four-year uptrend channel, with the upper boundary...

02:29

The_STA

Today, we’re analysing the EUR/USD daily chart to see how key technical indicators align to impact trading decisions. Here’s what’s shaping up: ➡️ Current Support: We have an uptrend in place since April which is coinciding with a 78.6% retracement around the 1.0760/75 level (spanning June lows to September peaks). Adding strength to this support zone is the RSI...