DowJones is going to be in downtrend in next few days while dollar going to be stronger. Follow To Get More Signals. If you’re trader and looking for professional technical analysis advice for your trades, send us your case and we’ll serve you. Don’t be hesitate to contact us. Best Regards.
US Dollar Index OUTLOOK US Dollar It is still on track for a fifth consecutive week of gains as the resilient US economy signaled that interest rates should be kept higher for longer. Currently, the price of DXY trade at the sensitive zone between 102.71 - 103.23 which is strong resistance area so the price will face two scenarios First scenario and Most...
The Bullish Channel is continuously gaining strength from a strong pullback from the 99.581 zone after a support breakout. Now at the current level, the US Dollar Index at 102.894 is a very important level and a resistance level in H4. As per the channel, the US Dollar will fall to 102.440 to give respect to its Demand zone. With the channel formed and the major...
On the daily time frame, the index shows a bearish momentum. The weakening of the dollar showed from June and became clear from the beginning of July until now. My trading strategy is to sell on the rally. Now is a good time to continue selling on technical charts.
Below the cloud Failed at 103.5 Heading to 101 area
With the dollar index dropping in price There might be a rise in the price of all us indexes If us30 breaks 33204 then we might see a rise to 33800 or possibly 34000
The trend of NASDAQ seems to continue, despite a resistance that is forming around 13250 mark. The instrument had tried few times to breach it, and currently is trading above it, but the breach is still not significant and might revert. The technical indicators, though suggesting that NASDAQ still has steam to continues it upward movement, with RSI above the 50...
Price is below the cloud, below the Kijun and Tenkan lines. The Chinkou line is below the price.
Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty...
On the 4-hour timeframe, the US30 is showing signs of weakness. The stochastic indicator, which measures the momentum of the price, is currently in overbought territory, indicating that the market may be due for a reversal. A reading above 80 on the stochastic indicator is typically seen as a bearish signal. Furthermore, the price has been trading below the...
If we try to follow the trend of the Dollar Index and SP500 in the short term, we can see how as the dollar rises there is consequently a decline in the U.S. Index, but this event is not absolute, in fact there are many variables at play. At the moment, however, many of these variables appear to be in favor of this inversely proportional swing, at least in the...
I have drawn two different support lines (I name it "higher" and "lower" support). One regards the monthly closed as the low point of the support line and another one regards the monthly low as the low point of the support line. The higher support line is clearly broken and is retesting (breakout n retest) while the lower support line still holds and has provided...
Hi everyone! The trend is bullish on S&P 500 (Futures), and if we try to follow US Index on intraday chart, we have two important levels: 4,189.75 and 4,098.50. Potential resistance breakout should develop a harmonic structure with Target around 4,238.50, conversely, 4,098.50 failure should trigger bearish consolidation around 4,048.00 area. Technically, both...
Hi everyone! From a technical point of view, S&P 500 could trigger a bearish consolidation (scalp) on 30 minute chart, let's look at what will happen in the next few hours and if the conditions are met, we will publish some updates on intrady chart. Thanks for your support, like & comments! Trade with care!
On the second of every month we have the S&P500 index updated here, subscribe so you don't miss any entry points. Today I decided to update the most high cyclical and super-cyclical degrees on it - the global picture. We will look at the weekly chart in a month's time. I pay special attention to it and put it in bold - it's a long-term forecast for decades....
The US 100 Index is looking to be buying the low price in order to go up to reach either 11943.00 or 12164.96. This is what I see when n the H1 timeframe.
dxy usd usdollardxy usd usdollardxy usd usdollardxy usd usdollardxy usd usdollardxy usd usdollar
Levels to watch out have been marked in the chart. Expecting a stronger sell off, if market bounces from here !