The_STA

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...

02:44

The_STA

When markets reach all-time highs or lows, it can be tricky to forecast where they're heading. Today, let’s focus on the gold market and how to approach markets when they hit all-time highs. Here's my method: 1. Use of Historical Channels: In this case, I’m looking at a 13-year channel on the monthly chart. I use the breadth of this channel to measure potential...

01:39

The_STA

After several weeks of rallying, the US Dollar Index is showing signs of potential profit-taking. 📉 Here's why: • Reached the 200-day moving average 📊 • Hit the 61.8% retracement from the June-September drop 🔄 • Daily RSI is overbought at 83 📈 On the weekly chart, the market is also hitting key resistance levels: • 55-week moving average 📅 • Peaks from 2017 and...

02:23

The_STA

The 10-year US Treasury yield, at its highest since July, has mostly moved sideways this year. However, the weekly chart reveals a potential falling wedge pattern. If yields close above 4.53%, it could signal a push towards new highs. Initial resistance is at 4.18% (200-day moving average) and 4.24% (55-week moving average). Markets expect a 25-basis point Fed...

03:42

The_STA

In the world of technical analysis, traders are always searching for tools that provide an edge in the markets. One such tool, which has stood the test of time, is Fibonacci retracement. Derived from a series of numbers discovered by the Italian mathematician Leonardo Fibonacci in the 13th century, the Fibonacci sequence has been applied to various fields, from...

The_STA

Following the Fed rate cut last night, the S&P sold off into the close, forming a shooting star candlestick, which is typically a bearish signal. Coupled with a diverging RSI, this marks the third failed attempt to break above the 5670 July high. These indicators are compelling enough to consider a more cautious, short-term negative stance on the market,...

02:44

The_STA

The Relative Strength Index (RSI) is one of my favourite indicators for gauging market conditions. Most traders learn that an RSI above 70 signals "overbought," while below 30 suggests "oversold." However, these standard levels don’t always give reliable signals, as seen on the USD/JPY daily chart. In situations like this, it's crucial to adjust the parameters....

02:47

The_STA

As a former professional technical analyst at a major bank, I used to write daily reports on the euro vs. the US dollar. Today, I want to share a technique I often used to identify entry points in the market. Looking at the EUR/USD weekly chart, I’ve spotted a large symmetrical triangle that’s completed, with the market breaking higher. A common move in this...

The_STA

Oil prices continue to drop as weak demand in China persists, despite disruptions from Tropical Storm Francine in the Gulf of Mexico. Latest data shows consumer inflation in China rising slower than expected, with crude oil imports rebounding slightly from July but still weak on a seasonal basis. In the Gulf, oil and gas producers are shutting down platforms and...