Get started

D-DJI

DOW JONES Take profit soon. Pull back expected.Dow Jones is almost on Resistance (1) at 34530 with the top of the dotted Channel Up just over it at 34700. That is a level where the buy profits from the MA50 (1d) buys should be realized and then wait for a break out or pull back in order to continue buying. Trading Plan: 1. Sell within 34600 - 34700. 2. Buy if the (1d) candle closes over 34700. 3. Buy on the MA200 (1d) at 33500. Targets: 1. 33500 (MA200 1d). 2. 35400 (near the top of the yellow long term Channel Up). 3. 34900 (Resistance 2). Tips: 1. The RSI (1d) is posting a sequence similar to the February top. That started a significant medium term correction. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30
by TradingBrokersView
7
DOW JONES: Bullish as long as 1D MA50 holds. Bearish if broken.Dow Jones turned flat following the rebound on the 1D MA50 three days ago with both the 4H and 1D technicals neutral (RSI = 53.777, MACD = 111.180, ADX = 25.084). As long as the 1D candles closes over the 1D MA50, stay bullish and target the R2 (TP = 34,950). A crossing under the 1D MA50 will most likely target the 1D MA200 and possibly even lower at the bottom of the diverging Channel Up, aiming to complete a -5% decline (TP = 33,000). That can be an excellent long term buy entry. However if the RSI rebounds on its HL trendline, then enter the buy earlier regardless of a 1D MA200 hit or not. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
1
Dow Jones globally will fall due to the north node cycleTVC:DJI globally will fall, because the Gann square of 20, built for the New York Stock Exchange indicates the date 2023 (reversal), and since on the monthly chart is now flat, and the market is at high prices, then a fall is more than likely. In 2024, a global strongest crisis is expected in another astrological cycle. There was already a similar crisis in 2008, and then the same cycle worked. The fall may begin both now and by the second half of 2024, as they can still pump money, or at least say everywhere that there is no stronger economy in the world than the American one, and this will delay the fall for some time. It will be possible to speak about the end of the crisis no earlier than the beginning of 2028.
DJ:DJIShort
by Super_Profit_Trade
What is the $VIX showing us?Good Morning SMALL THREAD While we did call the NASDAQ:NDX weakness & top, at that time we didn't think it would be as bad as it got, at least I didn't. Last year we really thought TVC:VIX would break out & the markets would collapse. Our original expectations didn't pan out but we, mostly I, changed as more data came in. We called a bunch of bounces & tops, ALL DOCUMENTED, BUT our best call was becoming BULLISH in late September on DJ:DJI & Bullish on NASDAQ:NDX in October. Since then we've been cautious Bull with a few bearish calls but ultimately, we were/are still bullish. During this time the TVC:VIX was forming a HUGE Symmetrical Triangle that we posted on countless times. We were biased and thought the TVC:VIX would break out and #stocks would be cremated. Obviously, were bullish after Sept 2022 but we thought there would be an eventual harsh crash that made 2022 like a walk in the park. When #VIX broke down we were SHOCKED! That's when we knew that the can was being kicked further down the road. There's a lot more at play that we've been discussing on occasion. SP:SPX has been on a tear but it is currently in a consolidation phase as seen on a daily chart. However, as you can see, RSI can remain overbought on a weekly for long periods of time. TVC:VIX is slowly closing in on a major support level. While it can break through, IMO, don't think it will do it the 1st time. #VIX will likely get a nice bounce. This bounce will likely be strong and could mean possible weakness for #stocks, soon.
CBOE:VIX
by ROYAL_OAK_INC
Dirty BusinessYesterday I threw away all the indicators I have been using. A lot of dirt has cluttered my screen for too long. I have also made many custom ones, I threw them out too. But I kept just one, a moving average. Every* indicator refers to price after all. In the end, price discounts everything. No price indicator can tell us something price doesn't tell. The sayings of price are hard to understand. That is why most of us use indicators to clear the picture. *Well there are indicators that measure stuff that is not directly embedded into price action like volume, inflation etc. RSI is the most used indicator for like, ever... The same story, told by different indicators. I have heard that the best analysts use very few indicators on their charts. Volume and candle pattern/trend analysis is hardcore. These are some of the very few instruments of an experienced analyst. Indicators are there to help us get some perspective on how prices work. Many of them must be thrown away when an analyst is experienced enough. Clear information is power. But all of that, I didn't know all of this time. After abandoning RSI I sought other methods of analysis. Stochastic RSI and KST prove powerful methods of momentum analysis. In the end, most indicators refer closely to the original price action. It is just the perspective that changes. So what does trend analysis tell us about equities right now? I am purposefully hiding price action. Annoyingly simple. Final chart, Bitcoin: I will keep using a Keltner-ish Channel since it provides a pure, automatic way to get a feel of how far above or below trend we are. Clean up.
SP:SPX
by akikostas
12
Daily Market Analysis - WEDNESDAY JUNE 28, 2023US Stocks Rebound As A Result Of Positive Economic Data Key News: USA – Fed Chair Powell Speaks USA – Crude Oil Inventories Tuesday witnessed a notable recovery in US stock indices, signaling a turnaround from a recent string of losses. The resurgence was spurred by positive economic data, easing investor concerns regarding a potential recession triggered by the Federal Reserve's aggressive interest rate hikes. The Dow Jones Industrial Average, comprising esteemed blue-chip stocks, halted its six-day losing streak on Tuesday. Simultaneously, the Nasdaq Composite, predominantly representing technology-related firms, appeared poised to achieve its strongest first-half performance in forty years. Furthermore, the S&P 500 rebounded after enduring declines in five out of the past six trading sessions. DJI indice daily chart NASDAQ indice daily chart SPX indice daily chart In a surprising turn, recent reports unveiled unforeseen growth in new orders for crucial US-manufactured capital goods in May. Furthermore, the month witnessed a substantial surge in sales of new single-family homes, alongside a nearly 1-1/2 year high in US consumer confidence in June. These encouraging economic indicators provided investors with a compelling incentive to reengage in the stock market, following a significant correction in previous sessions. Mark Luschini, the chief investment strategist at Janney Montgomery Scott in Philadelphia, described the recent correction as a "pretty vicious" one. EUR/USD daily chart Yesterday, the euro demonstrated a robust performance in response to the hawkish stance adopted by European Central Bank (ECB) President Christine Lagarde and several other members of the ECB governing council regarding future interest rate increases. This indicates that the central bank has now made a commitment to implement another rate hike in July, with the possibility of a further increase in September. Lagarde has also dismissed the likelihood of a rapid decrease in rates, although her previous reversals on such matters have not been forgotten. A notable example was her statement at the end of 2021, when she declared a low probability of rate hikes in 2022. GBP/USD daily chart The pound has shown a gradual increase in value as traders intensify their expectations for a potential rate hike by the Bank of England. Speculation is mounting that the central bank may consider raising interest rates to a level above 6%, which has sparked renewed interest and confidence in the currency. The market sentiment surrounding the pound has shifted in favor of a more hawkish stance, driven by factors such as improving economic indicators and a belief that the Bank of England may take a proactive approach to control inflationary pressures. As a result, traders are adjusting their positions and positioning themselves to take advantage of a potential rate hike, leading to increased demand for the pound. However, it's important to note that these expectations are based on market speculation, and the actual decision by the Bank of England remains uncertain. USD/JPY daily chart The Japanese yen continues to face significant downward pressure, resulting in a decline against the US dollar, with the exchange rate reaching 144.00. Additionally, the yen has reached an 8-year low against the pound, reflecting the persistent weakness in the currency. The yen's depreciation can be attributed to a combination of factors, including the diverging monetary policies between the Bank of Japan and other major central banks, as well as a general risk-on sentiment in the markets, which has led to increased demand for higher-yielding assets. In contrast, the Canadian dollar (CAD) has displayed remarkable strength among G10 currencies over the past month, and it has managed to maintain most of its gains leading up to the release of the Consumer Price Index (CPI) data today. During the overnight session, the USD/CAD pair reached its lowest level since September 2022, indicating the Canadian dollar's resilience. Although there has been a slight upward correction during European trading, the overall downward trend observed in June remains intact. Market participants are now eagerly awaiting the release of May CPI data in Canada, as it will provide further insights into the country's inflationary pressures. Positive CPI figures could potentially bolster the Canadian dollar further, reaffirming its strength in the forex market. Conversely, weaker-than-expected CPI data may dampen the currency's recent performance. Overall, the Japanese yen faces continued downward pressure, while the Canadian dollar remains strong and closely monitored ahead of the CPI data release, which could have a significant impact on its future trajectory. USD/CAD daily chart According to HSBC economists, there is an expectation of a 0.5% month-on-month increase in price pressures, surpassing the consensus estimate of 0.4%. This anticipated rise in inflation is driven by persistent upward pressure on mortgage interest costs and a seasonal uptick in food prices. If the actual price pressures exceed expectations on the upside, it could reinforce the likelihood of a quarter-point interest rate hike at the Bank of Canada's July meeting. Such a move would further bolster the strength of the Canadian dollar due to the impact of higher interest rates. Currently, swap markets are pricing in a 15-basis point increase in rates. However, it is important to note that the year-on-year inflation rates for both headline and core measures are projected to slow down compared to the levels seen in April. This deceleration is attributed to the increasing influence of base effects, where the comparison is made against higher inflation rates from the previous year. In addition to the upcoming inflation data, market participants are also anticipating other economic indicators and events this week. Of particular importance is a crucial inflation indicator, which will provide further insights into the state of inflationary pressures. Furthermore, a speech by Fed Chair Jerome Powell at the European Central Bank Forum in Sintra, Portugal, is expected to shed light on the future direction of interest rates and the monetary policy outlook. These upcoming events and data releases are likely to play a significant role in shaping market expectations regarding interest rates and could have implications for currency movements, including the Canadian dollar. Traders and investors will closely analyze the outcomes and statements to make informed decisions in response to the evolving economic landscape.
by FOREXN1
11
DJI is likely to enter a major oscillation mode !DJI is likely to enter a major oscillation mode ! This figure shows the weekly candle chart of the Dow in the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the Dow Index in the past six months has shown a large oscillation pattern between the 0.618 and 1.382 positions on the golden section of the graph! In the future, the Dow's probability will first shrink and then enlarge, and then choose a direction to break through. Personal prediction probability will break down! So let's use the 1.382 digit (31700) of the golden section as the long short split for the future!
TVC:DJI
by Think_More
Dow Jones Industrial Average: To 36000 Epic Milestone and BeyondDow 36,000: A New Strategy to Profit from Coming Stock Market Growth is a book published on October 1, 1999 by columnist James C. Glassman and economist Kevin A. Hassett in which they argued that stocks were significantly undervalued in 1999 and came to the conclusion that the market will grow 4 times, and the Dow Jones Industrial Average TVC:DJI will rise to 36,000 by 2002 or 2004. The most important fact about stocks at the dawn of the twenty-first century: they are cheap... -  Glassman and Hasset. 1999. "Introduction". Dow 36000 However, life has made its own adjustments, and the era of "irrational optimism" (as it always happens) - came to its inevitable end. In January 2000, just about three months later the publication of the book, the Dow Jones Index reached a record high of 11,750.28 points, which subsequently remained unbeaten for the next 6 plus years. In the early 2000s, the Index fell steadily after the dot-com technology bubble burst. And after the well-known bang on the American Twin Towers happened on September 11, 2001, the Dow Jones index fell even more, reaching a minimum of 7286.27 points by October 2002. Financial crisis of 2007-09 sent the Dow Jones to even lower levels, which ultimately freed the hands of Congress and the US Treasury to uncover the money bazooka through raising national debt limits. In general, only after the second attempt to fix above DJIA 10-year moving average in the third quarter of 2011, the Dow was able to rise in a half of the predicted path (from about 10,000 to 36,000 points). Just 18 years later to the publication, in October 2017, - Dow reached milestone of 23,000 points, and the final achievement of the desired mark of 36,000 points took place only in December 2021. However, by that time just few people remembered this book and its authors, who were later called "charlatans". Given that over the 22-year period since the publication of the book, consumer spending in the US ( FRED:PCE ) has increased by more than 2.5 times overall; the prices of gasoline, oil, wheat, corn, and sugar have more than tripled, and the prices of metals such as copper and gold have risen 5 to 7 times. Closer to today's reality, the Dow Jones Industrial Average continues to follow the main uptrend trajectory formed by the US recovery from the 2007-09 Housing crisis. Dow stays for nowadays above its 10-year simple moving average that supported the index both in the third quarter of 2011 and at the time of Covid- 19 market collapse in the first quarter of 2020. At the moment Dow is being above the marked moving average by about 36.45%. Technical resistance is considered as a range of 34,000 - 34,500 points, that lost in the first quarter of 2022. Attempts to return above this strong level have been overshadowed for several months - either by a banking collapse, and later by aggravated talk about the crisis of the US national debt ceiling. In such scenarios, coupled with inflation, which remains significantly above the target level of 2 percent, despite repeated attempts to curb it by the Federal Reserve , the 36,000th milestone can for quite a long time, for a decade or even a year and a half, become a growth constraint of the world economy for quite a long time - for a decade or even fifteen years. Key facts about the Dow Jones Industrial Average: 👉 Technical chart provided by ETF AMEX:DIA - SPDR Dow Jones Industrial Average ETF, generally in line with the price and yield of the Dow Jones Industrial Average (100:1 ratio). 👉 Dow Jones Industrial Average ( DJ:DJI ) is made up of 30 price-weighted blue-chip components of US stocks. 👉 DJIA is the oldest barometer of the US stock market, the flag and the logo of capitalism, and the most widely quoted indicator of the activity of the US stock market and world economy.
AMEX:DIA
by Pandorra
1
Unraveling Efficient Market HypothesisMany believe that a well-defined, simple, and robust trading strategy can help a trader acquire gains that outperform the market or purchase undervalued stocks in hopes of outsized returns upon rebound, but is this the case? Students of the Efficient Market Hypothesis (EMH) would argue that fundamental and technical analysis are pointless approaches to the market that are merely a mirage of a self-fulfilling prophecy. EMH is a cornerstone of modern financial theory, which posits that markets are perfectly efficient and always reflect all available information. The influence of EMH is pervasive, guiding investment strategy and shaping financial regulation. There is growing skepticism among academics and traders about the accuracy and efficacy of EMH in modern markets. EMH is a dense topic, but we will do our best to dive into what EMH is, its strengths, and its limitations in modern times. Understanding EMH To understand what EMH is, we need to understand the forms of EMH, of which there are three levels of efficiency: weak, semi-strong, and strong. The weak form of EMH suggests that current prices reflect all past trading information, including past prices. Thus rendering fundamental analysis and technical analysis moot and impossible to beat the market. Semi-strong EMH argues that the current price accounts for all public data and does not include private data. Again, fundamental and technical analysis will not be fruitful in helping traders outpace market returns. The strong form of EMH posits that prices reflect all available information, including insider information. In Support Of and Against EMH Supporters of EMH argue that markets are efficient because of the excess number of rational investors, and the competition among them (bulls vs. bears) ensures that prices are always accurate. The more market participants there are, the more efficient a market becomes as it becomes increasingly competitive and more price information becomes available. The competitive nature and increased liquidity of the market shows that it is difficult, at best, to consistently outperform the markets. Opponents of EMH argue that human biases and irrational behavior can lead to market inefficiencies. Investors often make irrational decisions based on emotions and cognitive biases. This is tough to argue, given the countless articles and books on market psychology. Market anomalies, such as the value and momentum effects, also suggest that markets are not perfectly efficient. Historical market events, such as the 2008 financial crisis or other perceived “bubbles,” further question the assumptions of EMH. Practical Implications and Real-World Observations Despite EMH, some investors have consistently outperformed the market; famously among them is Warren Buffet. Some hedge funds have also been successful in beating market benchmarks. One could argue that though a market is efficient, there are individuals who are statistical anomalies that have outperformed the market under EMH theory. Market inefficiencies and opportunities exist in specific asset classes or regions, such as emerging markets or distressed debt-stricken economies, but an easily observable form of market inefficiency is arbitrage trading. Wherein traders buy and sell to exploit minute price discrepancies of assets between exchanges. Alternative Approaches It is hard to objectively believe that one can not formulate a system that helps a trader make returns that outpace the market. Fundamental analysis and technical analysis are two approaches to investing that challenge the assumptions of EMH. Fundamental analysis involves examining company-specific information and valuations to find undervalued stocks which is entirely conflicting with EMH theory. While technical analysis involves using price patterns and indicators for market timing in hopes of profits in your chosen trade direction. The Future of Market Efficiency The rise of technology, such as high-frequency trading, trading algorithms, and artificial intelligence, is changing the landscape of financial markets. Some argue that technology is making markets more efficient; others would suggest that it is introducing new sources of market inefficiencies. Will the definitive parameters of what EMH need to be adjusted as the markets evolve? Only time and people with significantly larger brains than I will tell. Conclusion EMH remains a principal concept in modern finance, but not without limitations and challenges. It is paramount for traders to understand what EMH is, even if they rely on different analysis theories to make their own trading decisions. Investors should adopt a flexible and adaptive approach to investing, recognizing that markets are not always perfectly efficient and that opportunities for outperformance exist. Ultimately, we believe the key to successful investing is a combination of sound strategy, disciplined execution, and a willingness to learn and adapt. If you like this post, don't forget to drop a boost and follow our page for more educational content!
DJ:DJIEducation
by LeafAlgo
3
DJI - Horizontal Trend Channel🔹Break upwards through 34200 points will be a POSITIVE signal. 🔹RSI curve indicates a rising trend, indicating potential upward trend reversal for the price. 🔹Technically slightly negative for medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
TVC:DJILong
by wavepoint99
Daily Market Analysis - FRIDAY JUNE 23, 2023Events: UK - Manufacturing PMI USA - FOMC Member Mester Speaks USA - FOMC Member Bostic Speaks USA - FOMC Member Bullard Speaks USA - Services PMI (Jun) During Thursday's trading session, the S&P 500 and the Nasdaq displayed upward movement, propelled by the statements made by US Federal Reserve Chairman Jerome Powell. Powell's hawkish stance indicated that the central bank's tightening cycle was not yet complete, instilling confidence in investors. However, he also emphasized the Fed's commitment to exercising caution in its approach to monetary policy. The Nasdaq, known for its heavy concentration of technology stocks, experienced significant gains. This surge in the index was primarily driven by the momentum stocks of prominent companies like Amazon.com (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), and Microsoft Corp (NASDAQ: MSFT). These tech giants showcased impressive performance, contributing to the overall positive sentiment in the market. On the other hand, the progress of the broader S&P 500 index was more modest compared to the Nasdaq's surge. While still displaying positive movement, the gains in the S&P 500 were not as pronounced as those in the technology-driven Nasdaq. In contrast to the S&P 500 and the Nasdaq, the blue-chip Dow Jones Industrial Average (Dow) remained relatively unchanged. The Dow is composed of large, established companies from various sectors, including industrials and financials. However, during this particular trading session, these sectors had a minimal impact on the index's performance. Overall, the market sentiment on Thursday was largely influenced by Powell's statements, which offered a mixed perspective. While indicating a continued tightening of monetary policy, Powell also reassured investors about the Fed's cautious approach. This combination of factors led to varying degrees of upward movement in different indices, with the Nasdaq taking the lead, followed by the S&P 500, while the Dow remained relatively stable. NASDAQ indice daily chart S&P500 indice daily chart DJI indice daily chart During his appearance before the Senate Banking Committee for the semi-annual monetary policy testimony, US Federal Reserve Chairman Jerome Powell reiterated his stance on the likelihood of further interest rate hikes in the near future. This statement reaffirmed his belief in the need for continued tightening of monetary policy to address potential inflationary pressures and maintain economic stability. Powell's perspective on future rate hikes was echoed by Fed Governor Michelle Bowman during the session. The alignment of views between Powell and Bowman highlights the consensus within the Federal Reserve regarding the potential necessity of raising interest rates as part of their ongoing efforts to carefully manage the country's economic growth. The reaffirmation of this belief in further rate hikes signals the Fed's commitment to a proactive approach in addressing economic conditions and maintaining a balanced monetary policy. By emphasizing the likelihood of future interest rate increases, Powell and Bowman are providing transparency to market participants and indicating their intention to address inflationary pressures and promote sustainable economic expansion. As the Federal Reserve's monetary policy plays a crucial role in shaping financial markets and investor sentiment, the reaffirmation of the potential for rate hikes in the coming months will likely influence market dynamics and investor decision-making. Traders and market participants will closely monitor future statements and actions from the Federal Reserve for further insights into the timing and magnitude of potential interest rate adjustments. US initial jobless claims In the economic landscape, the stability of jobless claims at a 20-month high reflects persistent challenges in the labor market. This indicates ongoing difficulties for job seekers and potential concerns about employment conditions. Additionally, the Conference Board's Leading Economic Index, which tracks various indicators to gauge the future direction of the economy, recorded its 14th consecutive monthly decline. This suggests that the Federal Reserve's efforts to moderate economic growth are starting to have the intended impact of slowing down the overall pace of expansion. Meanwhile, the Bank of England (BoE) has made a decision to accelerate the pace of interest rate hikes during its 13th meeting under its tightening policy. This move has received mixed reactions from different stakeholders in the financial markets. Households, bond investors, stock investors, and foreign exchange (FX) traders have expressed their disapproval of the BoE's decision. This dissent stems from concerns about the potential impact of higher interest rates on borrowing costs, investment returns, and currency valuations. These stakeholders are closely monitoring the consequences of the BoE's actions and adjusting their strategies accordingly. The BoE's decision to hasten the pace of interest rate hikes highlights their focus on managing inflationary pressures and ensuring economic stability. However, the varied reactions from market participants reflect the complexity and potential trade-offs associated with monetary policy decisions. As the effects of the BoE's actions unfold, it will be crucial to monitor the implications for different sectors of the economy and assess how market dynamics and investor sentiment are influenced by these policy moves. UK interest rate Despite the stabilization of the 2-year gilt yield above the 5% threshold, it failed to receive a substantial boost. This can be attributed to concerns among market participants regarding the potential negative consequences of the Bank of England's (BoE) proposed additional interest rate hike of one full percentage point. These concerns mainly revolve around the potential impact on the British economy, particularly in the property market. The anticipation of such a significant rate increase has dampened investor sentiment, leading to a cautious approach. In parallel, the 10-year gilt yield has experienced a decline in response to the prevailing gloomy economic outlook. This decline reflects market expectations of a challenging economic environment and a lack of optimism regarding future growth prospects. The declining yield suggests that investors are seeking safer assets amid uncertainty, resulting in increased demand for long-term government bonds. The possibility of Britain avoiding a recession, let alone a property crisis, appears increasingly unlikely in light of these developments. The market sentiment is shaped by concerns about the potential adverse effects of higher interest rates on the property market, which is a key sector of the British economy. This sentiment is further fueled by the prevailing economic uncertainties, both domestically and globally. Turning to the FTSE 100, the index has approached the 7500 level. However, trend and momentum indicators are displaying negative signals, indicating a bearish sentiment in the market. Additionally, the index is nearing oversold conditions, suggesting that it may be due for a potential rebound or period of consolidation. FTSE 100 daily chart The performance of large British companies has been negatively impacted by falling energy and commodity prices, influenced by a relatively weak reopening in China. This year, these factors have contributed to bearish pressure on the companies, and the situation has been further intensified by rising interest rates. Until there is a rebound in global energy prices, which is yet to materialize, the outlook for the FTSE 100 remains neutral to negative. The market will closely monitor any developments that could potentially improve the prospects for energy prices and subsequently impact the performance of the index. Interestingly, in response to the 50 basis point interest rate hike, the pound depreciated instead of appreciating, contrary to the typical expectation. This reaction reflects the sentiment of the market, which believes that the challenges and uncertainties facing Britain outweigh the potential positive effects that higher interest rates could generate. The prevailing concerns and uncertainties surrounding the British economy have outweighed the impact of the rate hike, leading to a depreciation of the pound. Turning to the gold market, prices experienced a slight decline on Friday, signaling a potentially challenging week and heading towards their worst performance since January. This decline can be attributed to the significant rate hike by the Bank of England, coupled with hawkish signals from the Federal Reserve. These developments have raised concerns among investors about the prospect of tighter monetary conditions. Market participants will closely monitor any further signals and actions from central banks, as they have a significant influence on gold prices. XAU/USD daily chart Gold prices have reached a three-month low, breaking out of a narrow trading range observed over the past month, but unfortunately in a downward direction. This decline in gold prices indicates a shift in market sentiment and a potential weakening of demand for the precious metal. Looking ahead to Friday's session, investors will closely monitor the release of preliminary manufacturing and services Purchasing Managers' Index (PMI) data. These indicators provide valuable insights into the health and performance of these sectors, serving as important economic barometers. The PMI data can influence market sentiment and investor confidence, as it offers a glimpse into the overall economic activity and potential growth prospects. In addition to the PMI data, market participants will also pay attention to speeches from several members of the Federal Open Market Committee (FOMC), including Bullard, Bostic, and Mester. These speeches have the potential to shed further light on the monetary policy outlook and provide clarity on the Fed's stance and future actions. The comments made by FOMC members can significantly impact market expectations, especially regarding interest rates and overall monetary policy direction. Overall, Friday's session is expected to be influenced by the release of PMI data and the speeches from FOMC members. These events will shape market sentiment and provide crucial insights into the current economic conditions and the potential future trajectory of monetary policy. Investors will closely analyze these developments to make informed decisions and position themselves accordingly in the market.
by FOREXN1
10
DOW JONES Double buy entry on the MA50 and MA200 (1d).Dow Jones got heavily rejected on Resistance (1) and is pulling back to the MA50 (1d). The index is trading inside a double Channel Up pattern. The MA50 and MA200 (1d) each serve as a Support level and potential buy entry. The pattern so far is much alike the December 20th - January 20th fractal and that dipped much lower after its rejection. Trading Plan: 1. Buy on the MA50 (1d). 2. Sell if the (1d) candle closes under the MA50 (1d). 3. Buy on the MA200 (1d). Targets: 1. 34530 (Resistance 1). 2. 33000 (MA200 1d and bottom of white Channel Up). 3. 34800 (under Resistance 2). Tips: 1. The RSI (1d) is printing an identical pattern to December - January so far. This favors a rebound but from a lower level such as the MA200 (1d). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30
by TradingBrokersView
9
DOW JONES Crossed under the 4hour MA50. Short term sell signal.Dow Jones has crossed under the 4hour MA50 and hit the bottom of the short term Channel Up. Since December, every closing under the 4hour MA50 has been a sell signal (8 times) with a decline ranging from -1.66% to -4.74% from the moment of crossing. As long as the Channel Up holds, buy and target Resistance A at 34900. If the Channel Up breaks, sell and target Support A at 33400. Then since that Support is near the bottom of the long term Channel Up started in March and represents a -2.00% decline from the MA50 breaking moment, buy for the medium term and target again 34900. A very consistent buy signal is when the 4hour RSI enters the green Oversold Zone. That has issued a rebound back to the 4hour MA50 on all 7 occurrences since December. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30
by TheCryptagon
DOW JONES on the 4H MA50 on the Channel UpDow Jones touched the 4H MA50 and bottom of Channel Up 2 that is dominating June's price action. Naturally, the 1D technicals are bullish (RSI = 63.354, MACD = 250.370, ADX = 14.024) and the 4H ones marginally neutral, which indicates a short term buy opportunity. With the 4H STOCH RSI making a Bullish Cross inside the oversold zone, that is technically a buy signal at least on the short term. The next technical Resistance is R2 and that's our target (TP = 34,950), which is also the Top of December 13th 2022. If the candle closes under the 4H MA50 though, which would also mean crossing under Channel Up 2, we will short targeting the 4H MA200 (TP = 33,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
2