USDJPY – Sideways Before the Next Big Move?👋Hello everyone, great to see you again in today’s analysis.
USDJPY continues its sideways streak, currently hovering around 148.3, close to the key resistance zone at 148.8 – 149.0, an area where sellers have historically reacted strongly.
📉Technical Analysis:
Price has tested resistance and shown signs of stalling, with another push targeting this zone.
Short-term EMAs still support the price, but if momentum fades, the market could quickly slide to 147.5.
A break below that would open the way for a deeper drop toward the 146.5 Support Zone.
🌎News Context: Markets are waiting for clear signals on whether the Fed will cut rates soon. Meanwhile, the persistently weak Yen raises concerns that the Bank of Japan may intervene to slow its decline. In addition, recent US data (JOLTS, PMI) show a cooling labor market — a trend that could further weigh on the USD.
📍 My view: USDJPY is likely to remain sideways. The strategy: sell near resistance, buy around support.
What about you? How do you see this pair moving next?
Chartanalysis
Microstrategy: Further DeclineAfter a brief consolidation, MSTR continued its decline since our last update, further developing turquoise wave 2, where we still see price positioned. We continue to anticipate the low of this wave above the support at $153.49. In the meantime, we have revised the magenta substructure of wave 2 to a - - formation, with the final (wave- ) leg currently unfolding. Once turquoise wave 2 completes, we expect a strong rally above resistance at $674.18, which should significantly advance the broader upward impulse. However, under our new alternative scenario, a different wave count could prevail: price may currently be forming magenta wave alt. to the upside, developing a blue three-part substructure in the process. In this 25% likely scenario, the next move would be for blue wave alt. (b) to finish within the nearby blue alternative Target Zone between $306.60 and $252.67, before wave alt. (c) pushes up toward the top of magenta wave alt. near $674.18. Within this alternative, the blue zone could offer long entry opportunities, though heightened caution is warranted: since this remains only an alternative scenario, risk is elevated, and we consider strict risk management—such as setting a stop 1% below the lower edge of the zone—absolutely essential.
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PayPal: Stuck in Consolidation—Breakout or Breakdown Ahead?We expect PayPal to eventually break out of its current consolidation to the downside to complete the larger correction of beige wave II below the $50.18 support level. Alternatively, it’s possible that PYPL already finished wave alt.II back in April, which could set the stage for an early upside breakout—first above the $78.86 resistance and then even beyond the higher $94.97 level (probability: 30%).
SUIUSDT Weekly Outlook!! Target $10CRYPTOCAP:SUI has once again bounced strongly from its key support zone, making it the third touch at this level. Each time price defends this area, it reinforces the strength of buyers stepping in, showing that demand remains intact.
On the weekly chart, BINANCE:SUIUSDT is now shaping a clean Ascending Triangle pattern. This is typically a bullish continuation setup, and the structure is becoming clearer with every retest. The longer price consolidates under the resistance, the stronger the breakout move is likely to be once bulls finally push through.
All eyes remain on the $4.4 breakout level. A successful close above this resistance could open the door for a powerful move to the upside. My target remains unchanged at $10, supported by the bullish technical formation and repeated validation of support.
BINANCE:SUIUSDT Currently trading at $3.3
Buy level : Above $3.3
Stop loss : Below $2.62
Target 1: $4
Target 2: $5
Target 3: $7
Target 4: $10
Max leverage 2x
Always keep stop loss
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Gold Continues to Create New HistoryHello, it’s a pleasure to see you again in today’s discussion about OANDA:XAUUSD . In this analysis, I have chosen the D1 chart for evaluation.
At the time of writing, gold continues to rise higher. The metal has reached the highest level in history, trading at 3535 USD. Previously, we had expected the 3500 USD level to be filled, and that target has now been achieved.
After a strong breakout, a clear candle close has made the Bulls even stronger, as gold continues its upward search with no new peak yet established. The previous resistance has now turned into new support. If a correction occurs, I believe that will be the area for buyers to step in. After that, the medium-term target will be in the range of 3600 – 3700 USD.
And you, how do you evaluate the next move of XAUUSD? Leave your thoughts in the comments!
Events to watch this week:
Wednesday, Sep 3: JOLTS Job Openings
Thursday, Sep 4: ADP Non-Farm Employment Change, Unemployment Claims, ISM Services PMI
Friday, Sep 5: Average Hourly Earnings, Non-Farm Employment Change, Unemployment Rate
These are all key U.S. economic data releases with the potential to create strong volatility in gold.
S&P500: Short-Term Pullback Before Next RallyS&P futures initially slipped yesterday but managed to stabilize soon. Our primary outlook is that the ongoing turquoise wave B will continue to move higher, likely topping out just below resistance at 6,675 points. After that, we expect wave C to drive the index directly into the magenta long Target Zone between 6,082 and 5,650 points, where the low of the wave (4) correction should be established. From there, the impulsive wave (5) is expected to begin, pushing the index above the 6,675 points resistance and completing the broader blue wave (III). Alternatively, there is a 35% chance that the index could break out directly above 6,675 points without first reaching the magenta Target Zone. In this scenario, the index would already be forming the alternative wave alt.(5) in magenta.
SUI: Dip and Go?On Monday, SUI dipped into our green Target Zone ($3.12 – $2.54) but quickly rebounded and climbed back above the $3.27 level. While it’s possible that wave 2 has already bottomed, we’re still allowing for potential new lows within this range. Once this interim correction wraps up, we expect an impulsive rally as green wave 3 takes shape, which should push well above the $4.44 resistance.
Momentum building… Canara Bank in the spotlightCanara Bank (CANBK) Technical View
Canara Bank is currently trading within a well-defined parallel channel and has recently bounced strongly from its demand zone near 100–105.
At the same time, the stock is also moving inside a falling channel pattern, which provides important reference levels:
Support is placed around 105–107
Resistance is seen near 115 and 122
Importantly, the stock is sustaining above its daily, weekly, and monthly pivot levels, signaling strong upside potential. In addition, the RSI is holding above 50, which indicates momentum is building and a strong move could emerge at any time.
If the stock manages to hold the support levels, there is a strong possibility of witnessing higher prices in Canara Bank in the coming sessions.
Thank you.
XAUUSD: Ready for the Next Breakout?Hello, let’s take a broader look at OANDA:XAUUSD together.
Last Friday, gold surged strongly. The precious metal is now moving around 3447 USD and has become more attractive than ever.
So, what’s next for gold?
From an economic and market perspective, gold is benefiting from ongoing uncertainties, global conflicts, and speculation about the FED’s upcoming rate cuts. The weakening USD has been the driving force behind gold’s continued rally at this stage.
Technical outlook: Gold has just broken higher and is now facing its all-time highs. The formation of an ascending triangle is approaching its climax, and XAUUSD may break out to test higher levels. The answer is only a matter of time. A candle close above the resistance zone will be something to watch for, with the first psychological target at the 3500 USD round level.
Given the current setup, I’m waiting for XAUUSD to push through resistance.
What about you—what do you think will happen? Share your thoughts in the comments.
Good luck!
Coca-Cola: Uphill Battle Toward Key ResistanceThe climb toward our resistance level at $74.38—and ultimately into our beige Target Zone between $76.58 and $81.51—remains challenging for now. Coca-Cola shares have made little headway over the past two weeks. With the stock swinging both up and down, there’s still no clear direction. We’re maintaining our primary outlook, expecting the stock to move higher and establish the wave III top before a more significant pullback sets in. However, there’s a 38% chance that wave alt.III has already peaked, which could lead to an immediate drop below the $66.05 support level.
EURUSD at a Breakout PointHello my wonderful friends, what do you think about FX:EURUSD ?
Today, the pair is trading around 1.172, approaching both the resistance zone and the trendline cap after several days of consolidating at support. Previously , we had set this level as our target, and now it has been reached.
A breakout above the trendline could pave the way for a stronger rally, with 1.200 eyed as a medium-term target. The EMAs also align with this view, flashing positive signals. As long as support holds, the bulls remain in control.
What do you think? Will EURUSD break out, or continue consolidating around support? Share your thoughts in the comments!
Good luck!
Walmart: On Track for Further DeclinesWalmart shares have recently continued their planned sell-off, further extending magenta wave (C). Although the stock has traded in a narrow sideways range since last Wednesday, a further decline appears likely in the near term. The downward move is expected to bottom out at the low of green wave , within the corresponding Target Zone between $80.18 and $72.42. There is still a 39% chance of a short-term breakout above resistance at $105.68, which would mark a new corrective high.
Gold Keeps Searching for New HighsHello everyone, what are your thoughts on OANDA:XAUUSD ?
Gold continues to surprise us one move after another. As the new week opened, the precious metal recorded a historic breakout, trading near the $3,500 level amid ongoing global economic turbulence.
From a technical perspective, XAUUSD maintains a solid bullish structure, breaking past key resistance levels. The EMA 34 and 89 both confirm that there is still plenty of room for further upside. This rally not only reflects the market’s “gold hunting” sentiment but also opens major opportunities for traders who can catch the right wave.
So, how should we trade? At this sensitive stage, buyers may find it difficult to identify an ideal entry point. For sellers, no new top has yet been confirmed. That’s why it may be safer to wait for clearer signals—whether gold sets a new high or establishes fresh support. For short-term traders, make sure you set both SL and TP with a ratio of 1:1 or 1:2.
In addition, there are several news events this week and in the near future that could further impact gold’s trend. I’ll cover these in upcoming analyses, so stay tuned.
And you—what do you think about XAUUSD’s direction? Leave a like if you agree with my view, and drop a comment if you’d like to share your thoughts.
Good luck!
DIXON Clears ₹17,000! Strong GDP Data Fuels Momentum...DIXON has been consolidating in a bullish structure over the past few weeks, forming an Inverted Head & Shoulders pattern on the daily timeframe – a strong reversal signal that often precedes major trend shifts.
📈 Technical Breakout:
Today, the stock broke above the ₹17,000 neckline resistance with strong volume and closed 5.3% higher intraday. This breakout candle confirms buyer dominance and signals a potential shift into a sustained uptrend.
🔍 Trade Plan:
* Entry Zone: Look for a retest of ₹17,000 for a safer entry.
* Stop-Loss: ₹16,450 (recent swing low & neckline support).
* Target Levels:
* 🎯 ₹18,200 – Near-term resistance based on recent price action.
* 🎯 ₹19,000 – Next significant supply zone.
* 🎯 ₹20,200+ – Medium-term target based on pattern projection.
🌐 Fundamental Tailwind:
India’s strong GDP growth data has boosted investor confidence, providing a macro push that aligns with DIXON’s bullish breakout. The confluence of technical strength and economic optimism increases the probability of a strong follow-through rally.
📊 Takeaway:
This setup combines a clear breakout, defined risk levels, strong volume confirmation, and positive macro sentiment – an ideal scenario for trend-following traders.
XAUUSD 30M – Intraday Plan Around the RangePrice is holding between $3,417.84 (resistance) and $3,403.41 (support). We’re trading around $3,410–$3,411 inside a tight box. Scalps can work, but reversals are quick.
🔼 Bullish Plan (needs confirmation)
Trigger: A clean 30min body close above $3,417.84 (not just a wick).
Targets: $3,419.55 → $3,420.54 → $3,422.10.
Management: Take partials at $3,419.55, move SL to breakeven once $3,418 holds on a retest.
🔽 Bearish Plan (cleaner below support)
Trigger: 30min body close below $3,403.41.
Targets: $3,401.29 → $3,398.36 (trail if sellers stay in control).
Management: Scale partials at $3,401.29, protect the rest at breakeven.
🔄 Range Scalp (higher risk, small size)
Shorts: $3,416–$3,417 on a clear rejection → aim $3,410–$3,412, SL above rejection high / $3,420.
Longs: $3,403–$3,404 on a strong rejection wick → aim mid-range, SL below $3,401.
✅ Break Confirmation
Strong 30min close through the level.
❌ Invalidation
Breakout closes back inside the box on the next candle (trap).
Multiple wick with no momentum.
📌 Bottom Line
Above $3,417.84 → bullish bias to $3,420.54 and $3,422.10.
Below $3,403.41 → bearish bias to $3,401.29 and $3,398.36.
Inside the box = scalp only, keep risk tight.
SpotCrude Short Setup - 4h💎MJTrading
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🔗 View the fixed high-resolution chart here:
🛢️ PEPPERSTONE:SPOTCRUDE Short Setup – Third Tap of Falling Wedge Resistance
Pattern: Falling wedge
Context: Price is testing wedge resistance for the third time, with rejection signs
Bias: Bearish
🟢 Entry Point: 64.5
This aligns with upper boundary of the Falling Wedge (After Rejection).
❌ Stop Loss (SL): 65.5
🎯 Take Profit (TP) Levels
✅ TP1 (RR1) → 63.5
📈 TP2 → 62.5
💰 TP3 → 61.5
🧠 Trade Logic
Price is testing wedge resistance for the third time, with rejection signs
⚠️ Risk Management
Risk:Reward ratio ranges from 1:1 to 1:3, depending on TP level.
Psychology Always Matters:
Gold rises strongly – Flooded in green👋Hello everyone, let’s take a look at what’s special about OANDA:XAUUSD !
Yesterday, gold continued its strong rally, climbing over 300 pips by the end of the session, fully drenched in green and now trading around $3,447.
The bullish momentum gained further support as the Core PCE m/m index—anticipated in our previous analysis —was released yesterday. The result came in at 0.3% , exactly in line with forecasts and the previous reading.
Since the data matched expectations, the market was not surprised. The USD didn’t surge, leaving room for gold’s stability. The main trend remains bullish, and any pullback could present an opportunity to accumulate more gold.
📈From a technical perspective: Gold is repeating last Friday’s strong rally. If the trend continues, upside momentum is still supported, though a correction is expected beforehand. The 3425 retracement level and 3405 USD support are key areas to watch as potential springboards for the next upward move.
📍Risks to note:
Short-term RSI above 70
Profit-taking from investors
Deeper-than-expected corrections (support levels)
I remain optimistic in this analysis. What about you? Share your thoughts in the comments below!
BTCUSDT Under Pressure: Key Levels to WatchIn recent days, BINANCE:BTCUSDT has continued to face selling pressure as the price failed to hold the 113,000 support, turning it into a new resistance level. Currently, the price is fluctuating around 107,800, with sellers still holding the upper hand.
Recent U.S. economic data has kept pressure on risk assets. At the same time, capital inflows into the crypto market have yet to regain strength, as investors await clearer signals from monetary policy and USD movements.
Key technical levels to watch:
-Main Resistance: 113,000 – a level where price has repeatedly failed to break through.
-Major Support: 103,000 – aligned with strong support within the descending channel.
-Current Trend: Bearish. Any short-term recovery is likely just a retest of resistance, with a clear breakout required to reverse the trend.
Traders should monitor price reactions at these zones to identify potential trading opportunities.
👉 What do you think about BTCUSDT’s next move?
Gold Surges Above Expectations, Reaches 5-Week Highs!👋Hello everyone, let’s take a look at OANDA:XAUUSD !
📍Gold continues its impressive rally, even surpassing our previous expectations and reaching the highest levels in 5 weeks. Currently, the bullish momentum is intact, trading around $3412 and surpassing the key psychological level of $3400, gaining over 300 pips from the previous session.
The recent surge in gold is largely driven by concerns over the Fed. Pressure from Trump is fueling speculation that the central bank could cut rates faster and keep them low for a longer period. The CME FedWatch tool shows that investors now expect an 87% chance of a rate cut in September, which is beneficial for gold prices.
📈From a technical perspective: Gold has broken through the $3400 level and closed clearly above the resistance, turning it into new support. The EMA 34 and 89 still favor the bulls, and our strategy will prioritize selling at the top and continuing to buy as long as support holds. The target for the strategy is $3430–3433 USD (D1 resistance).
What do you think💬? How will gold move, and what will the price be at the close today?
✍️ Leave your thoughts in the comments!
How to Read Candlestick Like a Pro Hello everyone, it’s great to see you again.
In the previous analysis, we explored bullish and bearish candlestick patterns. So apart from patterns that show us the next trend, is there anything else that can help us predict future movements?
The answer is yes—it’s the signals from Japanese candlesticks, the exact type of candles we use in trading. In this lesson, I’ll talk about bullish candlesticks. Let’s get started!
1. Hammer Candle:
-Characteristics: A candle with a small body, a lower shadow at least twice the length of the body, and a very short or nonexistent upper shadow.
-Meaning: Indicates weakening selling pressure and the beginning of buying dominance, signaling a potential bullish reversal.
2. Dragonfly Doji:
-Characteristics: A very small or nonexistent body, a long lower shadow, and no or very short upper shadow.
-Position: Usually appears after a strong downtrend or at a support zone.
-Meaning: Suggests selling pressure has weakened, buyers are stepping in, and a bullish reversal may be forming.
3. Bullish Engulfing:
-Characteristics: A two-candle pattern, with a small bearish candle followed by a large bullish candle that completely engulfs the previous one.
-Position: Often seen after a strong downtrend or at major support levels.
-Meaning: Shows weakening selling pressure and strong buying momentum, signaling a potential bullish reversal.
4. Piercing Pattern:
-Characteristics : A long bearish candle followed by a bullish candle that opens below the prior close but closes above 50% of the bearish candle.
-Meaning: Indicates selling pressure has eased and buying momentum is returning.
5. Bullish Harami:
-Characteristics: A large bearish candle followed by a small bullish candle completely contained within the previous candle’s body, forming a “mother and child” pattern.
-Meaning: Suggests weakening selling pressure and the gradual return of buying power.
6. Morning Star:
-Characteristics: A three-candle pattern with a large bearish candle, followed by a small indecisive candle, and then a large bullish candle closing above 50% of the first bearish candle.
-Meaning: A strong reversal signal, showing indecision on the second candle and buyer dominance on the third.
7. Three White Soldiers:
-Characteristics: Three consecutive bullish candles, each opening within the prior candle’s body and closing higher.
-Meaning: Indicates the continuation of an uptrend.
These are some of the most popular candlestick patterns trusted by many traders. Don’t forget to take notes and practice using them often—you’ll surely become an expert.
In the next part, I’ll share about reversal and bearish patterns. Please hit like on this post to let me know you’ve understood today’s lesson and are excited for the next one—it’ll be a great motivation for me.
And don’t forget to leave any questions in the comments if you’re still unsure about something.
Good luck!
EUR/USD: Accumulation Phase with Breakout PotentialHello traders, what do you think about the trend of OANDA:EURUSD ?
The pair is currently trading around 1.1670, entering an accumulation phase after a strong bullish move earlier.
If the price breaks through the 1.1680 resistance, another recovery could push EUR/USD to test the 1.1720 level. Trendlines and EMA support levels continue to favor the buyers, so keep an eye on these levels.
📍Key Levels:
Support: 1.1635 (50% retracement)
Resistance: 1.1680
Target: 1.1725
If the breakout happens (1.172), it could trigger a strong rally, but make sure to manage risk carefully.
Do you think EUR/USD will break upwards or reverse? Share your thoughts in the comments!