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NVDA Bullish Pump Incoming?!NVDA had a huge sell off over the past few weeks and looks like the bulls are ready to take over for a 3% pump to the next resistance. If we manage to blast though the Golden Pocket 3% away, my next target will be 11% away at the next Golden Pocket. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:NVDA
by Navitility
$DXY -Resistances to Watch *D (tf)- Upcoming Resistances to watch for TVC:DXY : -104.707 (Last Lower High + confluencing S/R area) -105.883 (Lower High from 114) (aswell being drawn a Range's Ceiling - The Dollar Index TVC:DXY has experienced lots of tremendous vertical upside during these past two-three weeks. From negative economic news of Chinese CCP report ; to US economy on Sticky Inflation and persistent outlook of Interest Rates being Hiked again, seems as investors, smart money and quite of many retail traders are fleeing in to TVC:DXY given safety. Meanwhile TA speaking, TVC:DXY has been broken Resistance Trendline from 114 High after occuring a FAKE-OUT at the Bottom Support of Range (100.8) level. Price went to close to the Weekly 200EMA, which seems to have provided lots of Support for TVC:DXY by pushing the price higher . TRADE SAFE
TVC:DXY
by Mr_J__fx
Swing Buy opportunity in LTIMEntry only when the 30min candle closes above 5113 TARGET: 5336 SL: 5012 NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:LTIMLong
by rkinspiro1
1
$DXY -Middle Range Warzone (105vs100)- TVC:DXY seems to be wanting a break-out from Resistance Trendline coming from 114 Highs, despite failing to do so. A Resistance Trendline that has pushed the price lower each time price has approached it. Wether that break-out and resumption is bound to happen or not in the short term, it is yet to be seen. Currently, TVC:DXY is in the midst of a Middle Range War-Zone, struggling for direction. For now, Price-Action suggest a Lower High being printed at 104.5 , a Lower High from 114 Downtrend. By Breaking Structure(BoS) of the most recent Lower High (LH) 104.5 would validate the Trendline break-out and suggest furthermore uptrend continuation for TVC:DXY , headed for the the Range's Ceiling at 105.8 and testing the broken macro structure Support Trendline Move towards 105.8 range's ceiling would be quite bearish for overall Financial Market's condition. While a move to the range's bottom at 100 level would be quite promising for other Market Sectors to continue performing well. Very interesting week ahead for The Markets, especially TVC:DXY , which dictates Financial Markets Swings *** TRADE SAFE NOTE that this is not Financial Advice . Please do your own Research before partaking on any Trading Activities based solely on this Idea.
TVC:DXY
by Mr_J__fx
A trader’s week ahead playbook – just roll with it Risky assets continue to climb the wall of worry, but the reality is we’ve seen conditions ripe for equity appreciation. Granted, the global central bank balance sheet is falling but the rate of change is contained, and US bank reserves are not falling as fast as feared. Liquidity is currently not the bearish catalyst for equity drawdown that many thought it might be. Economic data continues to frustrate those positioned portfolios for a recession - US consumer confidence, new home sales, and durable goods all come in hotter-than-expected. At the same time, US core PCE inflation was a touch softer at 4.6%, with softer core inflation prints also seen in Japan (Tokyo), Europe and Canada. It seems good economic news is truly good news for stocks and high beta FX – case in point, on the week, we saw the market’s expectations for the peak fed funds rate (currently seen in November) increasing by 7bp to 5.4%. Amid tighter expected Fed policy, US 2yr Treasuries gained 15bp on the week (to 4.89%) and yet despite the rise in bond yields the NAS100 gained 2.2% - closing out the best first half ever, with a remarkable gain of 39%. We’re also seeing bullish breakouts in the US500, and EU equities, with the SPA35 breaking out, while the skew is risk is that the FRA40 retests the 17 April highs. As we see in the calendar below, there is a heavy focus in the week ahead on the labour market. Unlike recent months, as long as the growth and jobs data stay firm and highlights that a US recession is a 2024 story, and with inflation grinding to target, then the equity (and risk) bulls will continue to buy dips. The risk bulls will want a solid nonfarm payrolls report, but any goodwill will be conditional on average hourly earnings (AHE) holding below 4.3% In FX markets, the USD has been frustrating and just when the bulls we’re hoping for a break of 103.38 resistance (in the USD index), the sellers reversed the goodwill. We remain on intervention watch in Japan, notably with the trade-weighted JPY falling 0.5% on the week, and well below levels since in Sept 2022, when the MoF bought Y2.8t. We’ve seen clear signs the PBoC has reached its tolerance level on USDCNY and is pushing back. USDCNH remains central to all USD moves. Let’s see if the new month brings a new trend – but knowing that the NAS100 has rallied in the last 15 consecutive months of July, it feels like the pain trade is still to the upside and the odds are skewed for higher levels – an open mind will always serve us well in trading, but for now, I am happy to just roll with it. Tactical play of the week : Long NAS100 (stop orders) above 15,220. A new month, but nothing changes – Ride the momentum, and the strong get stronger. Rearview alpha plays: • G10 and EM FX play of last week: Long NOKSEK (+1.8% last week), long USDRUB (+5.4%) • Equity indices play of last week: Long SPA35 (+3.5%) – to the highest levels since Feb 2020 • Commodity plays of last week – short corn (-16%), long Cocoa +4.6% (strong uptrend) • Equity plays for the radar – Bega Cheese (BGA.AU) – shares have fallen for 8 days in a row. Apple (eyeing $200 with a market cap over $3t). The key event risks for the week ahead RBA meeting (Tuesday 14:30 AEST) – It's hard to recall a time when making a call on an RBA policy decision was so finely balanced. One could make just as good a case to hike, as they could to hold. The economist community are evenly split (14 of 27 economists are calling for a pause), and Aussie rate futures are pricing a 40% chance of a hike. Given this dynamic, the RBA may lean on the path of least regret and hike. On the week I see AUDUSD trading a 0.6750 to 0.6580 range. AUDNZD is the cleanest play on the RBA meeting and relative policy divergence, and on the week, I would look to sell rallies into 1.0950/60. US ISM manufacturing (Tuesday 00:00 AEST) – the market expects a slight improvement in the pace of decline with the consensus set at 47.2 (vs 46.9 last month). We may need a reading above 50 to get the USD fired up, although a read above 50 would certainly surprise. Good data seems to be a positive for risky assets despite the move higher in bond yields, so expect equity to rally on a stronger-than-expected print. US weekly jobless claims (Thursday 22:30 AEST) – The economist consensus is for 245k weekly claims. Last week, we saw a strong reaction to the lower-than-expected claims print, so we know the market is looking at this data point closely. That said, we’d need a big increase/decrease from last week’s print (of 239,000) to move the dial this time around. JOLTS job openings (Friday 00:00 AEST) – the consensus here is for job openings to fall to 9.98m (from 10.1m). A pullback below 10m openings would be further relief for risky assets. A big upside surprise may see US treasuries rally (yields lower) and USDJPY should find sellers. US ISM services (Friday 00:00 AEST) – the market consensus is for slightly stronger growth in the US service sector at 51.3 (50.3). Again, we look for extreme reads vs consensus, but above 52.0 would really push back on the idea of a near-term economic slowdown. US non-farm payrolls (Friday 22:30 AEST) – the marquee economic data point of the week, where the market consensus is for 225k net jobs (the economist’s range is seen between 263k and 124k). The unemployment rate is eyed to fall back to 3.6% (3.7%), with average hourly earnings seen at 4.2% YoY. The form guide suggests the risk is for a number above 200k, having beaten expectations for 14 straight NFP prints. A big upside surprise should see USDJPY rally hard and push the BoJ/MoF a step closer to JPY intervention. Canada employment report (Friday 22:30 AEST) – the consensus is for 20k jobs to have been created, and the unemployment rate to lift a touch to 5.3%. With 13bp of hikes priced for the 12 July Bank of Canada (BoC) meeting, the outcome of the jobs report could influence that pricing and by extension the CAD. There has clear indecision on the USDCAD daily of late, subsequently, I would look to buy/sell a break of 1.3285 or 1.3116. Mexico CPI (Fri 22:00 AEST) – those that sit in the camp that Banxico cut rates in Nov/Dec will be closely watching the CPI print. The market expects a further dip in headline inflation to 5.07% and core inflation to 6.87% (from 7.39%). Carry traders are still drawn to the MXN and happy to jump on any weakness, subsequently, USDMXN seems likely to test the recent lows of 17.0227. Central bank speakers ECB – Villeroy, Guindos, Lagarde (Sat 02:45 AEST) BoE – Catherine Mann (Sat 00:30 AEST), Bailey (Sunday 17:30 AEST) US – FOMC minutes (Thurs 04:00 AEST), Williams and Logan
PEPPERSTONE:NAS100Long
by Pepperstone
1
$DXY - 'ABC' Waves Completed - The Dollar Index TVC:DXY seems to have completed Wave C of its A-B-C Elliot Waves Correction, today on ECONOMICS:USINTR Fed's announcement. TVC:DXY must hold the lows of Wave C at 102.6 and 1 level of Fibb' Zone, otherwise, its macro downtrend from 114 High will be printing another Bearish Lower High This, however, would be a fantastic opportunity for The Financial Markets to explode more on their uptrend resumptions . TRADE SAFE *** NOTE that 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 .
TVC:DXY
by Mr_J__fx
SPX - Structure & Downside TargetsSPX continues to trend after failing to break resistance at $4200 (floor of H&S market top) - 4 touches on my count. - Environment: Support for banks tricking folk into thinking there is QE. Analysts with Bearish scenarios are being shot down by critics. Waiting for this market to make a decision - Value is to the downside, Bearflag TP would support the following targets - first stop $3300. TA at key Fib @2900, Stretch, $2800 Best, Hard Forky Short Top
OANDA:SPX500USDShort
by hardforky
3