Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis.
Seems we have entered a correction on nas100 if we can get a retest on the demand zone which is now supply We’ve broken the last major higher low We can see down side from now possibly
Certainly! The Dollar Index's recent breakthrough past resistance has sparked a wave of positivity among investors. This surge in optimism is likely fueled by a combination of factors such as strong economic data, favorable geopolitical developments, or perhaps shifts in monetary policy expectations. When a market breaks through a resistance level, it typically...
The Nikkei 225 Index (NI225) has been on a massive bull-run since 2008. Total growth goes beyond 470% from bottom to peak. ➖ The bottom hit late October 2008. ➖ The All-Time High (41,087.75) hit March 2024. As the NI225 hits a new All-Time High many bearish signals started to develop. To start, we have multiple weeks of bearish action. The classic rounded top...
➖ Back in May 2018 the UKX produced a peak that led to a major crash a few years later, this was the All-Time High at the time. ➖ The ATH came in May 2018 followed by a long-term lower high January 2020. ➖ The lower high January 2020 signaled the start of the biggest corrective crash since 2008. We have a similar situation when it comes to price action and chart...
As we look at the VIX we note the historical impact the level 20 has had in the past. The last two times the VIX peaked above 20 were October 3rd 2023 and 30th 2023 which were the two bottoms of the SPY in the last 6 months. Using VIX and noting the significance of action above 20 is very important to understanding the psychology of the market. Use 20 as a key...
When the VIX is high, it typically indicates that investors are anticipating increased market volatility and potential downside risk. While this might seem counterintuitive, it can present opportunities for savvy investors. A high VIX often accompanies market sell-offs, which can lead to lower stock prices. For investors with a long-term perspective, high...
Good Evening and I hope you are well. Today nothing moved the markets and I was humble enough to book some early profits and scalps before US open. I left it at that and am very happy with that decision. Days like this are the death for inexperienced traders, so if you lost money today, train on a paper account when market is this choppy. Leave your ego at the...
Not much reaction or manipulation on the part of the market in my opinion following Fed Jerome Powell's speech. Taken a scalp long from 17730 to 17765 Entry 17730 TP 17765 SL 17708 Taken my profits for the day and content with what I've got. Expected more from the market but did not get it and that is alright. Knowing when to take your profits and not...
I'm getting in to this trade now...who ever see's it on time can jump in with me with tell i'll explain to you guys how i trade...for now ill just be post trade setup. Use proper risk Management
Hello Everyone, The AUS200 has recently breached numerous support levels and is now approaching the yearly support and pivot point. However, buyers are beginning to enter the market. Despite this recent drop, the overall sentiment remains bullish, and a turnaround is anticipated shortly. TradeWithTheTrend3344
The US Dollar Index may continue to retrace the decline from the November high (107.11) as it extends the series of higher highs and lows from last week. DXY Outlook Keep in mind, DXY bounced back from the 50-Day SMA (104.13) to stage a five-day rally, with the advance in the index pushing the Relative Strength Index (RSI) into overbought territory for the...
It is in my humble opinion that the Nasdaq appears to have completed its cycle that began at the low in 2002. The projected potential target would be approximately within the zone of the prior wave 4/red dotted line within the symmetrical triangle. At this current time of posting there appears to be an inverse exotic dragon pattern as well. The Head and...
Overall uptrend structure, price was forming a series of higher highs & lows. Price made a new higher high @ 18450, but failed to continue the uptrend impulse stage & sellers push price back underneath the previous all time high zone. Since then, sellers have now pushed price back & is currently invalidating the uptrend today by breaking the last higher low &...
If we break 1.0670 the USD index could see the 109.17 level. We are currently at 88% retrace and 161% ext.
More downside is ahead of us, at least a 10% correction to the downside
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.
Third gap down opening of Nifty50 due to global causes and ended lower for entire trading session. Another 125 points down into third gap down (nearly 624 points drop in last 3 trading session). Nifty has formed small body green candle with upper and lower shadows. MACD is giving Crossdown. Nifty broken the support of 22242 so, further support will be near...