for me its no clear signal at dx. we have gap at 96.7-8 and really nice range (purple zone) so posible another wave down to fill the gap and then will see if want continue more down to bottom of bigger channel or way up to range from cup and handle.
I will be looking to see how price reacts to 96.60-96.46, if it holds as a support it will create an inverted Head & Shoulders. I will then be looking to go Long on USD/XXX and Short on XXX/USD pairs.
NOTE: DXY UP = USD UP. DXY DOWN = USD DOWN
DOW30 - Intraday - We look to Sell a break of 27325 (stop at 27425)
Price action resulted in a new all-time high at 27403. Momentum is stalling with the posting of new highs and indicates bearish divergence. Prices have reacted from 27400. The overnight rally has been sold into and there is scope for further bearish pressure going into...
ASX200 - Intraday - We look to Sell at 6680 (stop at 6700)
Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary move...
US500 - Intraday - We look to Sell at 3020 (stop at 3030)
Our profit targets will be 2910 and 2900
Resistance: 3022 / 3040 / 3050
Support: 2970 / 2910 / 2900
Weekly – Close to an exhaustion count (trend line resistance at 3032)
Daily chart – Overbought
Intraday chart – Ending wedge. 261.8% lines up with the trend of
higher highs. A break...
US500 - Intraday - We look to Buy at 2954 (stop at 2944)
Previous resistance at 2959 now becomes support. Bespoke support is located at 2954. The 161.8% Fibonacci extension is located at 2946 from 3000 to 2967. The previous swing low is located at 2951. Preferred trade is to buy on dips.
Our profit targets will be 2979 and...
The Bitcoin dominance compared to the Altcoins is looking weak right now.
It tried three times to break through the trend channel the last couple days, but
could not manage to clearly stay outside of it (H4 timeframe). The last 4h candle closed inside
the channel. If the daily candle closes inside the channel today, we can expect a downside
of the BTC ...
DOW30 - Intraday - We look to Buy at 27200 (stop at 27100)
Price action resulted in a new all-time high at 27403. A Morning Star formation has been posted at the low. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A bullish hammer has been posted as prices...
The medium term bias remains bullish.
Bespoke support is located at 7470.
We look for a re-test of the upward trending support.
There is scope for mild selling at the open but losses should be limited.
Preferred trade is to buy on dips.
We look to Buy at 7470
Target 1: 7560
Target 2: 7650
Trade ideas & daily market report July 9th...