FOMC - MARCH 22, 2023 -US30 DOW JONES INDUSTRIAL AVERAGE Hello Traders,
As we approach FOMC and rate decision today, 2pm March 22, 2023
there's a possibility of continued rate hike to curb inflation and that could
send Stock Markets down.
Key Points:
VIX - Volatility Index is bullish for the week
Commodities - Bearish for the week
A rate increase is favourable for USD from an Investor's perspective. Overall economic outlook is bearish considering global world issues i.e: Russia/Ukraine, recession, inflation, etc.
Chart analysis shows clear picture based on trend lines, BOC, CHOC, and imbalance areas from prior week.
Anyways, always trade what you are comfortable with losing.
Until next time!
The Trading Regime.
Dowtheory
MATIC Will be bullish soonDefined the order block between the range of 1.5-1.8.
RSI is also near the oversold region
The trend is decreasing and the volume is not increasing. So it means the seller will not be more interested in the long way. So the market will be pumped soon
Let's see what happens
1InchusdtAssalamualikum friends i hop every is good.
so over all marekt is bearish in a da timeframe but
in a 4 hours or 1 hours market is bullish so you can take a trade as a day trader
GOOD Luck :)
ATOMUSTassalamu alaikum Friends the market is bullish from last 15 days and follow the dow theory and create higher high bullish trent
and here market create also some bullish candle stick like engulfing candle.
and stop loss is previous low
A silver lining amongst all the negativity A relative comparison between the DJI, JNK & DJT is showing some underlying strength building in the market. This is also known as a "risk on" sentiment and that's when high risk assets do very well
Key levels for ANT/USDT if it keeps going upThese key levels have been identified on the weekly timeframe (ichimoku levels) and the next level is a the next higher high in the past.
XAUUSD LONGTaking long Position
making H and HL
Trend in bullish
S&R with great significance
No Divergence
Basics : Silver Daily Timeframe TVC:SILVER
By applying #Dow theory, following observations are noted
Downtrend : From Mar22 till Aug22; almost 34% profit if short position is considered.
Uptrend : From Sep22 till date; almost 32% profit if long position is considered.
Basics : Gold Daily Timeframe TVC:GOLD
Applying #Dowtheory, downward trend is observed from Mar22 till first week of Nov22.
A series of noticeable LLs & LHs identified.
Basics : GBPUSD Weekly Timeframe FX:GBPUSD
By applying Dow theory, series of LLs identified in a downtrend arc.
Basics : EURGBP Weekly Timeframe FX:EURGBP
Using Dow theory, series of LLs, HLs & HHs identified on EURGBP Weekly Timeframe.
Basic : EURUSD Daily TimeframeFX:EURUSD
Using Dow theory, EURUSD made last low at 0.95398 ending downtrend on 28.Sep.22; after which continuous higher lows formed.
latest higher high was made at 15.12.2022, after which, higher low is formed in Jan22.
Basic : Euro Index Weekly TimeframeEURO INDEX
Dow Analysis of Euro Index suggests that it has broken down previous downtrend structure.
Made a low of 95.68 in Sep22, successive higher lows have been made at 102 & 105.
Basic : DXY Weekly Timeframe Dow TheoryTVC:DXY
Weekly analysis of US Dollar Index suggests that lower low of 103 down from 114.8, clearly suggesting downtrend.
Basics : Ethereum Weekly Timeframe BINANCE:ETHUSDT
Weekly analysis of BINANCE:ETHUSDT observed a low, 880, has been made in Jun22.
In Nov22, a higher low has been formed at 1072.
With current formation, no new lower low has been made by BINANCE:ETHUSDT suggesting another higher low after it crosses 1300.
Basic : BTC Daily TimeframeBITSTAMP:BTCUSD
Applied Dow Theory, Downtrend is observed since 27.Mar.22.
Made a high of 48,234, since then, continuously making LLs.
Latest LL of 15,766 in Nov22, after lackluster movement is shown in BITSTAMP:BTCUSD
Basics : Amazon Daily Timeframe NASDAQ:AMZN
Applied Dow Theory, LHs & LLs
Staring from Aug22, NASDAQ:AMZN made a high of 146.58, since then continuously making
lower highs and lower lows till 81.7
XUADUSD LONG POSITIONTrend is Bullish and we know Dow theory is the backbone of trading. Took long position at 2% risk reward hope we will achieve our goal. Finger Crossed
USDJPY LONG PositionAfter Observing first Higher High and Higher Low (according to Dow theory). taking long position at 2% Risk Reward. Divergence is synced as well
USDJPY LONG PositionAfter Observing first Higher High and Higher Low (according to Dow theory). taking long position at 2% Risk Reward.
Getting above its daily cloudGetting above its daily cloud.
We have to wait to see if the price closes above it.
