Us30 has dropped below previous month lows and has been bearish since the beginning of the month. This is a great indication markets are very bearish at this moment. First I will liek to see if price could drop, how it would react passing 37849.24. If price begins to fall I will like to see it reach the areas between 37055 & 35975
As I have marked out in one of my previous ideas called "Us midweek idea". Price has held at this level 39147.29 - 39013.54.
Fed Chair Powel announced that the recent readings on both job gains and inflation have come in higher than expected so the Fed has retained a cautious stance towards future rate cuts, suggesting that the U.S. central bank will continue to...
As we can see DXY on the weekly has been in a range since the beginning of 2023. From my observation lows have been taken from Jan-May 2023 in July 2023 and has had a powerful bullish move and even broken structure. If we can pass the 104.96 level clearly then we my see DXY reach 107.34 before the end of the year (big guess). Depending of what the result of the...
Ger40 has been very bullish since November. It has even had a great bullish run in March and the previous week although it has a mixed close on Friday. On the lower timerframes I would like to see it take the high at 18541.6 . German CPI data will be released Tuesday.
After a bullish March. US30 has began the month opening higher. Already breaking out the previous month and week range. As the previous highs have already been taken, I will like to see where price ends up at the release of Non Farm payrolls on Friday
Price has seemed to stall is bearish momentum. It has also taken lows from Monday (during tuesdays session) and broken out from yesterdays highs. This could indicate some bullish momentum entering the market
Ger40 is still having a great bullish run, being that last week it opened and closed out of the previous month high for the first time. Not much high impact news coming from the German markets
Last week Us30 was very bullish with 4 consecutive bullish days and one bearish day on Friday. Price has seemed to open bearish but may seem to be reversing after taking Fridays low out (39421.68). If this is the case. I'd hope to see more highs being taken.
On Friday the Fed are due to make apprences post Core PCE price index release during the NY session. They...
Germany's economic downturn eased slightly in March as business activity in the country’s service sector came close to stabilising. The DAX has been trending bullish since November 2023, could we continue to see the rise in the Germany economy ?
As we can see US30 had broken out of the range to the upside the same day of the announcement that interest rates a to remain steady. As you can see there were a few key moments where price was indicating that it was preparing to break out of the range. Could we see US30 continue to break out higher ?
Following the positive news from the Initial jobless claims, US30 has grabbed liquidity from Wednesdays lows and shot up later in the day. I reckon it we may be seeing some new all time highs since Nas100 has made some.
S&P500 has not reached any all time hgihs just yet so I reckon till then, indexes will see a push towards the upside. also check out the DXY
As we can see, we might be witnessing a failed swing high on the higher timeframe. The only way this will be confirmed is if we break daily/ weekly strurctural lows and continue to fall. DXY seems bullish for the moment
