$DXY -Ballads of Dollar $- Monitoring The Dollar Index TVC:DXY and constantly keeping an eye on its Price Action packed with Stories to Tell ,
is very important in your Trading Journey.
TVC:DXY its ;
The best Strategy,
the best Signal
the best Indicator
Why ?
Because it's a Dollar Story !
As the phrase goes :
'Paper Rules the World'
And so it does,
to the average man working 9-5 having no aspiration to know the dark valleys of this World.
And so it does,
regarding us that are involved in Trading Financial Markets.
While the most valuable of fiat currencies out there is The Mighty Dirty Dollar to whom the whole Economic System is based upon,
it's a must to be diligent and vigilant over The Dollar Index's TVC:DXY
price action stories.
TRADE SAFE
*** This is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking in any trading activity based solely on this idea
America
$DJIA -Awaiting Apex's End *2WBig Move incoming for Dow Jones Industrial Average.
AMEX:DJIA has created Triangle's Apex approaching the end .
Note that this is a Neutral Pattern, it can go each ways ;
Bearish and Bullish.
(depending on TVC:DXY , Geo-Politics & Macro Economics conditions)
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA
AMEX:DJIA is one of the Heaviest Financial Sector for United States.
That being said,
it is very important to always have a lookout of its Price Action
and Trends Directions for further clarification of how other US Financial Sectors
will perform.
A Change of Charachter would definetely bring more clarification of reaching levels
of ATH or LOW
At the time of this idea being released price is finding some support at S/R
zone and 20-50EMA over maintaining their bullish crossover.
For now, it's better to observe and stay sharp and await for further confirmations.
Nothing is clear yet TA speaking for AMEX:DJIA , as well taking in to consideration
The Debt Ceiling decision that is yet to take place.
TRADE SAFE
***
Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before partaking
any trading related activities based soly on this idea.
Apple PeakI used my spread graph formula to analyze Apple's price. Historic prices from as early 1988 to today were considered. Apple recently overtook UK's whole stock market cap. As one of the most important companies in the U.S. (more like in the world) its sole stock price may be a good indicator of the economy's health and world demand. The graph presented is bearish technically. Fundamentally, I believe the upcoming recession will be ruthless for stocks. Apple in particular, potentially losing more market value in relation to U.S. equities. My position arises from America's recent political and economic instability, further projected problems - The changing of world order would see specifically U.S.'s core stocks lose value as quickly as they were gained through debt.
DIXIE showing upside for the green back to 105.66W Formation has formed on the DIXIE.
We had a Sweep of sell side liquidity showing buying from Smart Money.
It looks like they want the US dollar to continue up which is NOT good for developing countries currencies.
7>21
Price>200
RSI>50
Target 105.66
Never the same since 2008, American delusion Since the financial crash of 2008 the stock market has only gone up, will it continue to only go up? How long can America keep living in this delusional illusion.
Have thing only got better since 2008? Is the economy strong then ever?
No I didn't think so.
Not like its the reserve currency of the world. For now.
Don't wanna be political so thats all il say 😅
I'm bearish on America long term.
Imagine hitting the 1.13 fib retracement at $170 🤣
META Showing massive recovery and upside new target!Reverse Cup and Handle formed on Meta Platforms.
Price has once again gapped up on the daily 13% up for the day.
This was after the Earnings report came out strong, and after Mark Zuckerberg said he will be focussing his efforts more on AI this year than the Metaverse.
The indicators are looking sexy.
7>21 Price >200
RSI>50
So my first target for Meta will be at $355.12
SMC:
Below the handle of the Cup and Handle, is a strong Sell Side Liquidity (Order Block). This is where Smart Money comes in sweeps selling (Shorters entry and Longers stops). Then SM sweeps the selling, buys into it and BOOM away and up it goes. Very bullish in my opinion.
MY OPINION
THERE ARE A FEW REASONS Why I think the world isn't ready for Virtual Reality to the extent Meta aims for:
High Cost: VR technology can be expensive, and not everyone can afford it. Looking at the price of Oculus 2 - it's not for the average joe.
Limited Accessibility: While VR technology is becoming more accessible, not everyone has access to the necessary equipment or space to use it.
Motion Sickness: Some people may experience motion sickness or other discomfort while using VR technology.
Time: Right now VR headsets lasts for around 2 hours. Then needs charging. This isn't conducive for learning environments.
Weight: Have you put on an Oculus 2 headset? It's very heavy and cumbersome. We don't all have the strength to wear these things.
PS: I do have an Oculus 2 and I absolutely love and support the movements. Ever since Samsung VR headset came out, I've been obsessed.
Lack of Content: Despite growing interest in VR technology, there is still a limited amount of quality VR content available. Unfortunately, the target is on gaming, fitness and maybe socials. I still think there is a massive opportunity for more educational content, games, apps and learning material that VR can offer. I remember EDUVR - not sure what happened to it.
Limited Realism: While VR technology has come a long way, some people may still find it lacking in terms of realism. Unfortunately, people still have the stigma of wanting to be in the real world versus on a screen. This is the same way they acted when computers came out. Also when the internet came, they were hesitant and only "nerds" went on.
Social Isolation: VR experiences can be isolating, with users often cut off from the real world.
Learning Curve: VR technology can be complex, and some people may be hesitant to invest the time needed to learn how to use it properly. Just like it's difficult to teach older generations how new Smart Phones and Smart TVs work, it is similar to VR technology.
Lack of Compatibility: Different VR systems may not be compatible with each other, which could limit the ability to share experiences across platforms or devices.
Look before you know it, VR and AR will take over the world and everyone will be using it in some way or form. Maybe not in the next couple of years, but DEFINITELY in the future.
TARGET Reached with MC Donalds at $289.50Falling Wedge formed on MC Ds. The reason it's a Falling Wedge, is because it lasted for a few months.
Then the price broke up and within a few weeks, headed straight to the first take profit at $289.50.
Now the price is still showing strong Bullish bias. And we need to wait for the market to consolidate and form the next pattern.
I'll let you know!
In the meantime here are some super interesting facts about Mc Donalds because I'm bored and I loved the movie "The Founder"
McDonald's was founded in 1940 in San Bernardino, California by Richard and Maurice McDonald as a barbecue restaurant.
The first McDonald's franchise was opened in 1955 by Ray Kroc in Des Plaines, Illinois.
The iconic Golden Arches logo was introduced in 1962, replacing the previous Speedee character.
The Big Mac was first introduced in 1968 and quickly became one of the chain's most popular items.
McDonald's is the world's largest restaurant chain, with over 38,000 locations in more than 100 countries.
McDonald's is the world's largest toy distributor, with Happy Meal toys being a popular item for kids.
The Filet-O-Fish sandwich was created in 1962 to cater to Catholic customers who abstain from meat on Fridays during Lent.
McDonald's has its own university, Hamburger University, which trains managers and executives for the company.
The Big Mac Index, created by The Economist, uses the cost of a Big Mac in different countries to compare the relative purchasing power of different currencies.
SVB Crashing and burning to $33 - Here's why SVB Financial group has had a major Inverse Cup and Handle forming over the last few years.
Today it broke below the brim level and has confirmed strong downside to come.
Price<200 - Bearish
RSI<50 - Bearish
Target $33
WHAT HAPPENED?
Silicon Valley Bank's parent company, SVB Financial Group, saw a 60% drop in its shares after launching a $2.25 billion stock sale to recover from declining deposits from tech start-ups.
They admitted to losing about $1.8 billion on the sale of securities, which led to a huge loss in their market capitalization.
This event also caused other financial stocks to decrease in value, highlighting how rising interest rates can affect net interest income at other banks.
On Thursday, the four largest US banks lost a total of $52.4 billion in market value.
it's interestingApparently, the trend line cannot stop the fall because the strength of the candles does not show any sign of growth.
In case of failure and return to the trend line, the intended support is the target
⚠️ This Analysis will be updated ...
👤 Banipal : @hosseinbakrani
📅 02.20.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Does divergence work?Candlesticks indicate the lack of sufficient strength for growth, therefore, according to the strength of the fall and the lower support area, and of course, the divergence, the probability of returning from that area is more likely.
If the line is broken, we can imagine the upward growth trend up to the specified limits
⚠️ This Analysis will be updated ...
👤 Banipal : @hosseinbakrani
📅 02.14.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
good locationDue to the failure of the structure and confirmation of the bearishness of the future target, it is accessible, but due to the long-term upward trend of the regional trend line, it is considered for buying.
⚠️ This Analysis will be updated ...
👤 Banipal : @hosseinbakrani
📅 02.12.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ABC showing mixed signals target $153.16Descending Triangle has clearly formed on Daily.
The price has broken below the neckline (just waiting for confirmation)
RSI<50 (Red)
Target $153.16
Concerns:
The American stock exchanges and the companies are heading up with the January Effect, the weakening dollar (I know it's unusual) and with China's policy with the Covid restrictions easing - bring new hope for the economy.
The Moving Averages are still up and price is above the 200MA.
But as we know, the 200MA acts as an elastic band. So price gravitates usually back to it.
I am cautiously pessimistic with ABC and the short bias is strong than the long bias.
Medium probability trade.
AUD/USD Technical AnalysisWe could see potential upward movement although sellers were stronger.
We have formed fake-breakout on a 4h chart closing below the 4h timeframe and below 1d timeframe resistance. Meaning that shorting in current position wouldn't be a mistake. Waiting for a little pullback and continuation to the downside.
My entry (when markets open)
Entry: .66862
SL: .67372
Entry #2 (in case i get stopped)
Entry:.67947
SL: .68174
Like if you agree
Follow if you wanna see more:)
NVDA Cup and Handle breakout to the upside with target to $215.5Cup and Handle breakout to the upside with target to $215.50.
The breakout to the upside confirmed but is VERY weak.
The other sign of hesitance is the moving averages 7 > 21 <200MA
Either I'd wait for a test to the new support (Brim level) or a Strong candle up for some thought of upside to come.
Target $215.54
Head And Shoulder (NASDAQ) and a few reasons to remain bullish.Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech earnings preview report).
Ahead of the fundamental data dump, it’s worthwhile to revisit the index’s outlook from a sentiment and technical perspective:
Ultimately, the NASDAQ 100’s near-term performance will hinge on how investors interpret the Big Tech earnings season, starting with Netflix’s highly-anticipated report this afternoon. That said, the balance of the positioning, technical, and fundamental forces still suggest the index is in a bear market, and traders are likely to fade any near-term rallies at least until prices can break durably above 13,000.
Also anyone who spent countless hours on trading and analyzing would easily see this Head And Shoulder Pattern.
We see S&P500 is very bullish with recent tech innovations. TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand.
The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August.
President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing
Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion.
The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the biggest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. The Covid-19 pandemic shined a bright light on U.S. dependence on Chinese manufacturers as lockdowns led to a global shortage of the high-tech chips.