The DXY is pulling back ahead of the FOMC statement and the US non-farm payrolls. The key support levels to watch are at 105.11 and 104.77. A failed break below this support range will allow the DXY to climb back to the 2023 high of 107.35. The main drivers behind the DXY pullback are the drop in US 10year yields and the appreciation of the battered Yen.
Hi folks, it's my opinion on S&p500 Candle formation on 4H, 15 min shows signals that price go through 5075 zone for sweeping liquidity , be care that if price go throught 5120 zone strongly and close above it in 15min this analysis would be fail.
DXY Technical Analysis: Bearish Gartley Pattern Signals Short-Term Reversals The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend. The DXY may also test the 106.50 level before resuming its downward movement. Focus on FOMC: Since the pattern’s completion, market attention has...
29th April DXY: Break below 105.50 could trade down to 105.30 level NZDUSD: Buy 0.5960 SL 20 TP 45 AUDUSD: Buy 0.6560 SL 20 TP 60 USDJPY: Sell 154.75 SL 30 TP 105 GBPUSD: Buy 1.2560 SL 40 TP 85 EURUSD: Sell 1.07 SL 30 TP 90 (could consolidated along resistance level for now) USDCHF: Sell 0.9090 SL 15 TP 35 USDCAD: Look for reaction at 1.3610 Gold:...
Test and respect H4 FVG CE. Expect displacement above the short term high then target premium PDAs which are high and also NWOG (New Week Opening Gap)
From its general trend at the 1h tf, which was broken it meaning its more likely to follow through with a triangle set up and that's why the trade was entered.
NASDAQ is showing bullish divergence and it break its Last LH Plus its trendline which shows potential HH buy on CMP As last lower LH Break
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.841. The above observations make me that the market will inevitably achieve 107.241 level. P.S We determine oversold/overbought condition with RSI...
Post Market price action showing some bearishness in upcoming sessions. Previous 2 sessions provided big trendy moves. Keep an eye support thick support zone for reversal and descending trendline. Observe Closely this chart till expiry. Fluctuations can make premiums stuck in a bottle neck!
Looking for a pull back in most of May before we make a new high on the summer time towards end of the year.
I anticipate a short-covering rally in the Nifty50 spot, expecting a recovery as long as the spot doesn't dip below 22323.60. I've taken a long position below 22442.20, with a strict stop loss set at 22323.60.
After sweeping the 17114 level on the daily timeframe, price has broken 17435 which was our Break in Structure. We are looking to go long once price breaks above 17603 (Reclaimed OB) leading us to target 1 coming in at 18029 and price is above our 50 MA. Below the 17435 is a dead zone (Point of no return) More updates to follow.
Previous week was the one where the S & P 500 performed in an excellent manner, increasing its index value by 2.7%. The three-week losing track was finally broken, and the index ended the week at level of 5.124. For one more time, tech companies were the ones that were driving the market to the upside, especially after strong earnings from Microsoft and Alphabet....
While volatility pulled back following a spike earlier this month, this week will put it back to the test with the FOMC meeting (on Tuesday and Wednesday) and economic releases throughout the week, including S&P Global Manufacturing PMI, ISM Manufacturing PMI, JOLTs job openings, S&P Global Composite PMI, S&P Global Services PMI, ISM Services PMI, nonfarm...
SP500 is looking bearish, and i think we will see a major correction in the next weeks. I have my main target at $4.750, were the price could bounce back up. I will enter short with small size and i will add shorts if the price will go up, invalidation above actual highs at $5.300
Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
It is expected that the corrective trend will be formed in the support range, and after the completion of the corrective pattern, the continuation of the upward trend is likely. As long as the price is above the red support zone, the continuation of the upward trend is likely
It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend. If the price crosses the support range, the correction process will continue