✅DXY is going up now And will soon retest a Horizontal resistance level Of 104.200 at which point I think the index will be overbought Thus a local bearish correction Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅SPY is trading in an Uptrend and now we are Seeing a bullish breakout Of the key horizontal level Of 479.88$ and the breakout Is confirmed which reinforces Our bullish bias and makes us Expect a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
S&P500 is only a few points away from hitting the HL trendline of the long term Channel Up (started on the October 13 2022 Low). That would be the second time to test the patterns absolute Top. The 1D technical outlook is on standard bullish levels (RSI = 67.767, MACD = 49.570, ADX = 38.770) but the 1D RSI in particular has formed the very same pattern it did...
Attention, trading tacticians: the GER40 index is displaying a textbook Rising Wedge pattern on the hourly chart, a compelling setup that typically precedes a bearish reversal. The pattern, characterized by the converging upward trend lines, signals that the bullish momentum could be losing steam as the highs and lows converge. With the index recently breaking...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
Hello,Traders! DXY broke out of the Bearish wedge pattern Which makes us bearish Biased and I think that We will see a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello friends, I hope you are doing well. You can see the gold chart in the 1-hour time frame. By fixing the candle above the supply area and collecting all the liquidity in this area. Now we have a new supply area (2051-2056) and we have to wait for the reactions in this area. We have the 1-hour demand area (2031-2033), which has caused significant upward...
HELLO TRADERS. As I can see DXY on smaller TF creating H & S pattern we are looking for it to test the downtrend line once in 2024 and then all the way down its just a trade idea has a look on our previous analysis share Ur thoughts with us, we appreciate Ur love and comments. Stay Tuned for more updates!
Nasdaq isn't overbought on the 1D time-frame anymore but technically it remains bullish (RSI = 63.538, MACD = 210.050, ADX = 41.826) and will continue to be as long as the two month Channel Up holds. It may be supported by the 1D MA50 but if the index follows the late July peak formation and crosses under the 0.382 Fibonacci level, then we expect a technical short...
30-min chart, the index has formed a falling wedge, and should target the Resistance line (R) at around 28125. After crossing it, the target will be 28850 extending to 29545 Technical indicator RSI is positive. Below Support line (S) should be a stop loss.
Hello guys, I hope you are doing well Let's review what happened last week You can see the gold chart in 1 hour. As we expected, the resistance zone prevented the growth of the gold price. We have a support level, we have to wait for this level to be broken, if we had a close candle below this level, we can enter sell positions in reversals. There is a...
President Xi Jinping’s New Year address put paid to hopes of much larger stimulus. In his address, President Xi pointed to the consolidation and enhancement of the economic recovery and no signs of a boost from policy coming. Furthermore, China’s economic growth for 2023 came out at 5.2%, above the central government’s 5% forecast, which it boasted it was able to...
The sharp falls in Tokyo inflation for January remind investors of the ending of the BoJ’s YCC and/or NIRP in 2024 are not set in stone. Tokyo inflation is a very good leading indicator for the nationwide inflation data. Tokyo inflation excluding fresh food as well as headline inflation plunged below the BoJ’s 2% target to 1.6% YoY; well below the consensus...
The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
✅DAX is trading in an Uptrend and the index has Formed an opening wedge Pattern so IF we see a Bullish breakout then we Will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! VIX has retested a Horizontal support level Of 12.34$ from where We are seeing a bullish Rebound already and I think that the price Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Given the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides...
Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has...