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Technical Analysis

Yen Holds Firm as Ishiba Stays in OfficeThe yen hovered around 147.5 per dollar on Tuesday, holding its 1% gain as markets digested Japan’s election outcome. Despite the ruling coalition losing its upper house majority, Prime Minister Shigeru Ishiba is likely to stay in office, easing political concerns. Ishiba confirmed his continued involvement in US trade negotiations. Meanwhile, opposition parties are expected to advocate for fiscal stimulus and tax cuts, which could pressure the yen and push bond yields higher. Trade discussions with the US remain on schedule for the August 1 deadline. Resistance is at 147.75, with major support at 146.15.
by ChartMage
Dollar Index Holds Below 98 as Markets Await Trade Deal ProgressThe dollar index remained below 98 today, extending its two-day decline as investors watched trade negotiations ahead of the August 1 deadline. Treasury Secretary Scott Bessent said deal quality is the priority, suggesting Trump could grant extensions to countries showing real progress. Markets are also focused on Fed Chair Powell’s speech for signals on interest rates. Despite Trump’s push for a cut, traders are not expecting action this month.
MARKETSCOM:DOLLARINDEX
by ChartMage
[INTRADAY] #BANKNIFTY PE & CE Levels(22/07/2025)Bank Nifty is expected to open gap-up today, continuing the momentum seen in yesterday’s session. The index has successfully crossed above the short-term resistance zone near 56,900, showing bullish strength. The next key breakout level is at 57,050, and once crossed decisively, we may see a sharp upward rally. Traders can look to Buy CE option above 57,050, targeting 57,250, 57,350, and 57,450+. The structure indicates that momentum buyers may take over above this zone, with the potential for strong upside if Bank Nifty sustains above the breakout level. On the downside, if the index slips back and breaks 56,950 decisively, then Buy PE option below 56,950 can be considered, with potential downside targets of 56,750, 56,650, and 56,550-. This zone will act as an immediate intraday support and any fall below it can lead to quick profit-booking. Additionally, if Bank Nifty finds support near the 56,550–56,600 zone again, traders may also consider reversal CE buying with upside targets of 56,750, 56,850, and 56,950+.
NSE:BANKNIFTY
by TradZoo
XAUUSD – Strong bullish structure, buyers in control!Gold is trading within a well-defined ascending channel, with each higher low being consistently respected – indicating strong buying pressure. The recent move broke through a fair value gap (FVG) and is approaching short-term resistance. High-probability scenario: a pullback toward the rising trendline, followed by a strong rebound aiming for the previous highs. RSI remains in a positive zone, supporting the bullish bias. If the trendline support holds, the next target is the upper resistance area. Supporting news: The US dollar has stalled after a sharp rally, while persistent inflation concerns and renewed hopes for a mild Fed rate cut are boosting gold’s appeal.
OANDA:XAUUSDLong
by Rocky_trade_
Gold Nears $3,350 as Tariff Risks PersistGold rose to around $3,350 per ounce on Monday, extending its gains for a second session amid concerns over Trump’s tariff strategy. Commerce Secretary Howard Lutnick said a deal with the EU is likely but confirmed the August 1 tariff deadline. He also suggested smaller countries could face at least a 10% tariff, with some rates reaching 40%. Strong US data last week reduced expectations for an immediate Fed rate cut, capping gold’s gains. Markets now await comments from Fed Chair Powell and Governor Bowman for policy signals. Gold faces resistance at 3380, with additional barriers at 3400 and 3430. Support levels are positioned at 3330, followed by 3295 and extending down to 3250.
EIGHTCAP:XAUUSD
by ChartMage
Pound Pressured by Rising UK Jobless RateGBP/USD started the week steady, trading just above 1.3400 during the Asian session and holding near last week’s two-month low. The US Dollar remains soft below Thursday’s monthly peak, as markets weigh the prospects of a Fed rate cut. Although Fed Governor Waller backed a July cut, most investors expect the Fed to keep rates higher for longer due to Trump’s tariffs impacting consumer prices. The British Pound is under pressure as markets price in a potential Bank of England rate cut in August. UK labor data showed unemployment rising to 4.7%, a four-year high, and annual pay growth slowing to 5%, the weakest since Q2 2022. This limits GBP/USD upside despite persistent inflation. For GBP/USD, resistance is seen at 1.3535, with the next levels at 1.3580 and 1.3630. Support stands at 1.3380, followed by 1.3270 and 1.3140.
by ChartMage
EUR/USD Analysis by zForex Research Team - 07.21.2025​EUR/USD Pulls Back Amid Trade Deal Uncertainty EUR/USD edged down to 1.1620 during Monday’s Asian session, after gains in the previous session, as the US Dollar stayed firm and traders remained cautious ahead of the August 1 tariff deadline. US Commerce Secretary Howard Lutnick said the Trump administration expects to finalize trade deals with major partners in the coming weeks, calling the next two weeks “historic.” He expressed optimism about reaching an agreement with the EU but confirmed that August 1 remains a firm deadline for new tariffs. Resistance levels for EUR/USD are set at 1.1670, followed by 1.1700, and extend up to 1.1750. On the downside, support is found at 1.1580, with additional levels at 1.1540 and 1.1500.
by ChartMage
USD/JPY Analysis by zForex Research Team - 07.21.2025​Yen Recovers After Japan’s Upper House Election The Japanese yen rose to around 148.5 per dollar on Monday, recovering some of last week’s losses after the ruling coalition lost its upper house majority. Markets had mostly priced in the result, limiting the reaction. Prime Minister Ishiba is expected to remain in office, which could ease concerns over political instability. The opposition is likely to push for more spending and tax cuts, which could pressure the yen and lift bond yields. The election outcome comes as Tokyo continues trade talks with Washington. US Commerce Secretary Lutnick confirmed the August 1 tariff deadline but said negotiations will continue. For the yen, resistance stands at 149.30, followed by 151.50, with the next key level at 155.00. Support is located at 147.50, with further levels at 146.15 and 145.30.
by ChartMage
Gold (XAUUSD) – 21 July | M15 Pullback Within Bearish Structure🟠 Gold (XAUUSD) – 21 July Analysis | M15 Pullback in Bearish Trend Gold is currently in a pullback phase within a bearish M15 trend . The market structure is defined between the M15 lower high at 3377.650 and the previous low at 3310 . On Friday, price retested the M15 supply zone near the lower boundary, and again today, it has reacted from the same area. This repeated rejection suggests that sellers are still defending this level. 🔍 Trend Context: – M15: Bearish (Lower High → Lower Low structure intact) – H4: Currently in a pullback phase Unless the price breaks above the key 3377.650 level, the bearish structure remains valid. As such, our directional bias continues to favour shorts. 🟥 Key Supply Zone: 3358–3377.650 – Recent rejections seen from this zone – Acts as the active short-term supply zone – Watching for internal M15 bearish shift for possible entry Preferred Scenario: As price has already retested the M15 supply zone, if we now see a downside shift in internal M15 structure (e.g., ChoCH + BoS), we will look for a potential short entry aligned with the dominant M15 trend . No confirmation, no entry. Always follow structure. Alternate Scenario: If the market breaks above the 3377.650 lower high, it would signal a potential bullish structure shift . In that case, we will step back from the short bias and re-evaluate long opportunities accordingly. 📌 Trade Plan: – Wait for M15 internal structure to shift (ChoCh) bearish, followed by a Break of Structure (BoS) – On the retest, mark the Point of Interest (POI) for potential short setup – Only act on confirmation (e.g., M1 ChoCH + BoS) – SL: 40 pips | TP: 120 pips | Risk-Reward: Always 1:3 Summary: – Gold is in a pullback phase within a bearish M15 trend – Key levels to watch: 3377.650 (lower high) and 3310 (previous low) – Bias remains bearish unless structure flips – Watch for internal structure shift for short opportunity – Stay patient and aligned with the dominant trend 📘 Shared by @ChartIsMirror
OANDA:XAUUSDShort
by ChartIsMirror
Weekly $SPY / $SPX Scenarios for July 21–25, 2025🔮 Weekly AMEX:SPY / SP:SPX Scenarios for July 21–25, 2025 🔮 🌍 Market-Moving News 🌍 🏦 Fed Chair Powell Speaks — Markets Key Into Tone Federal Reserve Chair Jay Powell’s Jackson Hole speech is the week’s centerpiece. Markets will be closely listening for clues on inflation strategy, rate-cut timing, and sensitivity to geopolitical inflation drivers like tariffs. 📦 Tariff Deadlines Gain Spotlight Multiple tariff deadlines are set this week for targeted trade partners including the EU, Mexico, Canada, Japan, South Korea, and Thailand. Any new announcements or extensions could trigger volatility in trade-exposed sectors. 🛢️ Oil Market Mixed Signals Brent crude prices have stabilized near mid-$70s, but OPEC+ discussions regarding supply extensions and global growth concerns continue to inject uncertainty into energy-linked equities. 📈 Big Tech Earnings Kick Off The “Magnificent Seven” tech giants begin reporting: Nvidia leads on Tuesday, followed by Microsoft, Amazon, Alphabet, and Meta later in the week. Expect significant sentiment swings based on forward commentary. 📊 Key Data Releases & Events 📊 📅 Monday, July 21 Quiet session ahead of a packed week of speeches and data. 📅 Tuesday, July 22 8:30 AM ET – Existing Home Sales (June): Measures signed contracts on previously owned homes—a key housing indicator. After Market Close – Nvidia Q2 Earnings: Market will watch guidance and China commentary. 📅 Wednesday, July 23 8:30 AM ET – Leading Economic Indicators (June): An early gauge of U.S. economic momentum. 📅 Thursday, July 24 8:30 AM ET – Initial & Continuing Jobless Claims: Labor-market health indicator. 📅 Friday, July 25 8:30 AM ET – Durable Goods Orders (June): Signals demand for long-lasting goods, often driven by business spending. 8:30 AM ET – New Home Sales (June): Follows existing home data for housing sector insight. 4:00 PM ET – Fed Chair Powell Speech at Jackson Hole: Expect commentary on inflation, growth, and rate-path clarity. ⚠️ Disclaimer: This content is for educational and informational purposes only and should not be construed as financial advice. Consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #Fed #earnings #housing #durablegoods #JacksonHole #technicalanalysis
AMEX:SPYShort
by TrendTao
META -- Breakdown? Or Move Higher? Levels To Watch ForHello Traders! Meta has broken down from its ascending trendline. This is bearish. In addition price has formed a major Double Top pattern with Bearish Divergence. Bearish Factors 1) Breakdown of ascending trendline 2) Double top 3) Bearish divergence Two things need to happen if META is going to make a move higher... 1) Price needs to stay above "Support #1" 2) Price needs to break above the descending trendline (connecting the range highs) IF price does breaks lower... where do we start looking for long positions? - Support #2 is a great starting point, however if price makes it to support #2, then I could also see price trading down to fill the gap just below. - This is where you could enter again to average down your position. Thanks everyone and best of luck on your trading journey!
NASDAQ:META
by natef1
NETFLIX -- Price Signaled A Move Lower Prior To EarningsHello Traders! The chart of NFLX is a great example of using clues to decipher a future move. Prior to earnings we had major bearish indicators on the chart that hinted towards a move down on earnings. 1) Break below major trendline 2) Bear flag These two signals by themselves are very bearish however the fact that these signals appeared coming into earnings was an even strong indicator of a potential for negative move. Now that the upward trend is broken NFLX has a long way to fall before reaching the next key support level. Thanks everyone and best of luck on your trading journey!
NASDAQ:NFLX
by natef1
Adani Power (NSE:ADANIPOWER) Technical Analysis July 18th, 2025Current Price : ₹594.65 (as of July 18th, 2025, 02:00PM UTC+4) Target Price: ₹633.67 (+6.56% upside potential) Executive Summary Adani Power is currently showing mixed signals across different timeframes. The stock has broken through key resistance levels but is facing overhead resistance. Multiple technical theories suggest a consolidation phase with potential for upward movement. 1. CANDLESTICK PATTERN ANALYSIS Intraday Patterns (5M-1H) Current Formation: Doji/Spinning top patterns indicating indecision Key Pattern: Inside bar formations suggest consolidation Volume Profile: Moderate volume with no significant breakout confirmation Swing Patterns (4H-Weekly) Primary Pattern: Rectangle/Channel formation identified Support Zone: ₹513-520 (Strong support) Resistance Zone: ₹588-600 (Current testing area) 2. HARMONIC PATTERN ANALYSIS Potential Patterns ABCD Pattern: Incomplete - monitoring for completion around ₹630-650 zone Gartley Pattern: Potential bearish setup if rejection occurs at current levels Fibonacci Levels: Support: ₹450 (S1), ₹300 (S2), ₹200 (S3) Resistance: ₹700 (R1), ₹850 (R2), ₹1,000 (R3) 3. ELLIOTT WAVE THEORY Wave Count Analysis Primary Wave: Currently in Wave 3 of a larger impulse structure Sub-wave: Wave 4 correction potentially completing around ₹580-590 Target: Wave 5 projection towards ₹700-750 zone Invalidation Level: Below ₹513 would negate current count Time Cycles Short-term: 5-8 day correction cycle Medium-term: 21-34 day impulse cycle active 4. WYCKOFF THEORY ANALYSIS Current Phase Assessment Phase: Potential Mark-up Phase (Phase D-E transition) Volume Analysis: Accumulation patterns visible on weekly charts Smart Money: Institutional interest evident from volume profiles Composite Operator: Testing supply around ₹600 levels Key Levels Spring Test: ₹513 level held as key support Supply Line: ₹588-600 acting as resistance Upthrust Potential: Break above ₹605 could trigger mark-up 5. W.D. GANN THEORY ANALYSIS Square of Nine Analysis Current Position: 594° on the wheel Next Resistance: 625° (₹625) - significant Gann angle Support Level: 576° (₹576) - 45-degree angle support Cardinal Points: 600° represents a critical decision point Time Theory Natural Time Cycles: 90-day cycle completion expected by August 2025 Anniversary Dates: Historical significant dates align with current timeframe Time Windows: July 25-30, 2025 represents important time cluster Angle Theory 1x1 Angle: Currently trading above the 1x1 rising angle from ₹513 low 2x1 Angle: Resistance at ₹630 level (steep angle) Price/Time Squares: Next square at ₹625 (25²) Forecasting Price Target: ₹625-650 based on geometric progressions Time Target: 15-20 trading days for next significant move Harmony Level: ₹594 is in harmony with previous swing levels 6. ICHIMOKU KINKO HYO ANALYSIS Cloud (Kumo) Analysis Current Position: Price trading above the cloud (bullish) Cloud Thickness: Thin cloud ahead suggests easier breakout potential Cloud Color: Green cloud in coming periods (bullish bias) Line Analysis Tenkan-sen (9): ₹587 - price above (bullish) Kijun-sen (26): ₹571 - price above (strong bullish) Chikou Span: Clear of price action (no interference) Senkou Span A: ₹579 (support) Senkou Span B: ₹562 (key support) 7. TECHNICAL INDICATORS RSI Analysis Current RSI: 58-62 range (neutral to slightly bullish) Divergence: No major divergences detected Overbought/Oversold: Not in extreme zones Bollinger Bands Position: Price in upper half of bands Squeeze: Bands expanding, indicating increased volatility Signal: Potential for continued upward movement VWAP Analysis Daily VWAP: ₹591 (price above - bullish) Weekly VWAP: ₹584 (strong support) Volume Profile: Heavy volume around ₹570-580 zone Moving Averages SMA 20: ₹583 (bullish crossover) EMA 20: ₹586 (price above) SMA 50: ₹567 (strong support) EMA 50: ₹569 (upward sloping) SMA 200: ₹524 (long-term bull market) 8. MULTI-TIMEFRAME ANALYSIS Intraday Timeframes 5-Minute Chart Trend: Sideways with bullish bias Key Level: ₹592-596 range bound Signal: Wait for breakout above ₹600 15-Minute Chart Trend: Consolidating triangle pattern Volume: Decreasing (typical in consolidation) Target: ₹605-610 on upside breakout 30-Minute Chart Trend: Higher highs and higher lows intact Support: ₹590-592 Resistance: ₹598-602 1-Hour Chart Trend: Bullish flag pattern forming Breakout Level: Above ₹602 Target: ₹625-630 4-Hour Chart Trend: Strong uptrend since ₹513 low Pattern: Bull flag consolidation Key Level: ₹588 as crucial support Swing Timeframes Daily Chart Trend: Primary uptrend intact Pattern: Rectangle between ₹513-588 broken upside Target: Next resistance at ₹700 zone Weekly Chart Trend: Long-term bullish structure Support: ₹450-500 major support zone Resistance: ₹700-750 target area Monthly Chart Trend: Recovery from major lows Long-term View: Potential for ₹850+ targets Time Horizon: 6-12 months for major targets 9. FORECAST & OUTLOOK Intraday Forecast (Next 1-5 Days) Bias: Neutral to Bullish Range: ₹585-610 Breakout Level: Above ₹605 for ₹625 target Stop Loss: Below ₹582 Swing Forecast (Next 2-8 Weeks) Primary Target: ₹633-650 Secondary Target: ₹700-720 Support Zone: ₹570-580 Risk Level: Medium (volatility expected) Key Risk Factors Overall market sentiment and Adani group developments Earnings disappointment (recent -23.91% surprise noted) Broader power sector dynamics Regulatory changes in power sector Trading Strategy Recommendations For Intraday Traders Buy: Above ₹602 with ₹610-615 target Sell: Below ₹590 with ₹582-585 target Risk Management: 1-2% position sizing For Swing Traders Accumulate: ₹580-590 zone Target: ₹633-650 (first target) Stop Loss: Below ₹570 (daily close basis) Time Horizon: 4-8 weeks Confluence Factors Supporting Bullish View Multiple theories align for ₹625-650 targets Strong volume accumulation patterns Technical breakout from rectangle formation Ichimoku cloud support Gann squares and angles alignment Warning Signals to Watch Daily close below ₹580 RSI divergence formation Volume decrease on any upward moves Broader market weakness Disclaimer: This analysis is for educational purposes only. Always consult with financial advisors and conduct your own research before making investment decisions. Past performance does not guarantee future results.
NSE:ADANIPOWER
by shoonya0000
XAUUSD Outlook: Bullish Bias Hi Traders I am a profitable full time trader with 7 Years experience and I would like to share my journey including profits analysis and signal indicators. Attached is the XAUUSD chart showing current areas of interest above and below current price which can used to trade profitably. I still have a bullish bias, but will wait patiently for a retracement into one of the support levels. I will assess price action at lower levels before looking for buy trades. Key support levels 3,335–3,338 3,320–3,324 Key resistance levels 3,352–3,355 3,367–3,371 Price respected last week’s high (3,377) and is pulling back. The moving averages are also proving a confluence to support our bullish outlook. Also, please take into account news releases throughout the week before placing any trades to avoid market volatility. We will share updates throughout the week. Please let me know your bias for gold this week in the comments. If you found this helpful, please drop a like to support my work. Thanks, PrestigeGoldFX
OANDA:XAUUSDLong
by PrestigeGoldFX
Polish zloty in trouble: Swiss franc is sharpening its teethTechnically, CHFPLN has completed a consolidation phase within a narrowing triangle and broke to the upside. The pair is now testing the 4.60 level (the 0.618 Fibonacci retracement) from below — a decisive zone. A breakout and confirmation above this area opens the path toward 4.705, which coincides with the 0.5 Fibo level and a local resistance. A pullback from that zone back to 4.60 is possible, but this time as a support retest. If the level holds, the targets remain: 4.91 and 5.13 - both marked by Fibonacci extensions and major long-term horizontal resistance. The EMAs are aligned in support of further upside, with price consistently trading above them. Fundamentally, the Swiss franc remains a safe-haven currency, especially amidst increasing instability in the Eurozone. Weak growth in Germany, looming ECB policy easing, and rising inflationary pressures are all tilting investor interest toward CHF. Meanwhile, Poland faces political uncertainty, budgetary debates, and volatility in the agricultural and energy sectors. All of this strengthens the case for the franc in this pair. Tactically, the game plan is straightforward: a confirmed breakout above 4.60 signals the start of a bullish impulse. The 4.60–4.705 zone is the key area of interest for buyers. If this zone is reclaimed and held, the next targets - 4.91 and 5.13 - remain valid, where large players may look to take profits. If this scenario plays out, the zloty may soon be tuning into Polish radio to sing nostalgic songs about the golden days of its strength.
Long
by TotoshkaTrades