Get started

FOMC

ETH back in the news with Double Top 📈📉After a failed lower time frame Head and Shoulders, ETH is forming a possible Adam & Even Double Top. Although, the V shape (Adam part) is a bit lower than standard. Typically found at market bottoms this pattern can also be found at market tops. It's made up of a rounded left peak, V shape right peak and neckline (support line). Look for a breakdown of the neckline with a possible retest/rejection. When trading patterns, always wait for confirmation of the break out for less risk. Its possible ETH bounces up more before breaking down if this pattern plays out. It feels like Alt & Bitcoin are teetering on the edge of "Bottoms in" or "50% downside inbound!" FOMC Meeting Sept 20-21 could be the catalyst. If your time horizon is not at least 3 years this is a very dangerous area to be in HODL mode IMO. If you are looking for other swing trade set ups, check out my DOT and ALICE set ups linked in recent ideas. 👇🏻👇🏻👇🏻
FTX:ETHUSD
by jlouvierobv
5
DXY: FED Gives $ Wings! 120.000 The Ideal TargetWith DXY having broken a crucial supply zone/resistance @ 110.000, the road to 120.000 seems obstacle free speaking technically. On the other hand, looking at the fundamental picture, we can expect the FED to keep raising rates to tame the inflation. This would in turn as expected give value to the DXY and make it appreciate further thus sending other currencies tumbling. Since the start of FED aggressive tightening cycle, the inflation is yet to come under complete control or plateau. Still running at a record high, it would take some time to bring it back under to the target of 2.4% per year. So as you can imagine during this time the FED would keep raising the rates or do it cautiously not at every meeting, as a result this would give more boost to the USD. So taking both fundamental factors and technical ones into account we can expect a gradual rise in value of the DXY towards the next supply zone/ resistance located at 120.000. Look at the main chart for the trade entry details in order to achieve 1:1 RR. This trade is POSITION trading and will likely take a long time to develop its trend, however both fundamental and technical factors are strongly in favor of the DXY appreciation. Kindly avoid the trade if the target is HIT first as the trade would be invalidated. Trade Cautiously & Safely. Cheers
TVC:DXYLong
by FX618Analysis
5
5 Companies that will be negatively impacted by a strong USDRecently I read a report about some of the serious problems related to a strong USD (represented by DXY). This includes multiple "sovereign debt crisis" (SDC) across multiple currencies whether it is the Yuan, russian ruble (and their default) and in this case the USD. More specifically, USD SDC will likely greatly impact the exports of US-based company as the relative prices of their goods will be increasing. Naturally, some of the questions we should be asking are: 1. "which US company's rely export the most amount of goods?", 2. "out of the top 100, which company have the worst debt ratios?" 3. "out of the top 100, which companies are most like to survive this or face insolvency issues?" With these questions in mind, I decided to start with a simple comparison between DXY and the 5 top US companies that rely on exports for their profits. As you can see, immediately there is some correlation between DXY and the top 5 US exporters and it's a bearish correlation... So now its a matter of due diligence, financial reports, marketing the dates of FOMC minutes and meetings to take advantage of high volatility (represented with the $ symbol) and the inevitable rabbit hole comparing supply/relative cost goods from competitors and doing asymmetric risk/reward profiles based on the all this... That kinda stuff unfortunately I'm not qualified or certified to discuss so DYOR and leave a comment if this made you think at all.
TVC:DXYShort
by livingdracula
Gold PivotsGold caught a massive bid off Bonds and the selloff in the US dollar. We broke several levels above to finally run out of steam exactly at our level of 1670. Although the Kovach OBV picked up, resistance kicked in and we appear to be taking a breather. It is likely that the rally is transient and we will retrace soon. The first level to provide support will be 1658, then after that we have a vacuum zone back to 1640. If we continue to rally, 1683, the base of our levels before using inverse Fibonacci extensions to predict lower levels, will be the next target.
COMEX:GC1!Short
by quantguy
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. Either way, NZDJPY should be a LONG TERM BUY. Anyway, the PRICE can go down again on the NZDJPY MAIN SUPPORT, if the MARKET RISK remains in the OFF state, to the 80.50 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 86.86 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
by benny_marshall
SPX 9/26/22 No new entries so far So far no new entries on anything today and I'll probably leave it that way. We have had a confirmed response to the +OB and the +FVG after opening up the week to the downside. That said, we are still heavy and holding within a range (3704.10-3657.90) for now. 10:00am USD FOMC Member Collins Speaks 4:00pm USD FOMC Member Mester Speaks These two news events are going to likely drive us for the day so I'll likely hold on for those and look for a response to whatever POI we are near at those given times. SPX
BLACKBULL:SPX500
by Cory4rex
Economic calendar for this week is fire. Check it out! 🔥🔥🔥This week is promising to be very interesting from fundamental point of view. It's the end of financial year in USA. On the chart you can see the most important forecoming events that will influence cryptomarket. Legend: CC - Consumer confidence Powell - speaks Chairman of Federal Open Market Comitee Lagarde - speaks President of European Central Bank TB - Trade balance GDP - Gross Domestic Product It's better to not hold any trades during fundamental news as market becomes unpredictable and your stoploss may be taken. If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
by Bikotrading_Academy
1
EURUSD: Gains should be limited!EURUSD Intraday - We look to Sell at 0.9719 (stop at 0.9791) The primary trend remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. A Fibonacci confluence area is located at 0.9740. Preferred trade is to sell into rallies. Our profit targets will be 0.9553 and 0.9525 Resistance: 0.9750 / 1.0200 / 1.1100 Support: 0.9550 / 0.9500 / 0.9400 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
Adam and Eve formation before FOMC?Very tricky to predict how Bitcoin would react to related news yet it has pumped after every hike in interest rate - forecasts point to three quarters of a point this meeting. You could look at the formed pattern as a Cup and Handle or Adam and Eve but I'm leaning towards the latter because it looks more like than it does with the former. -- I'm positioning myself in a trade-the-news long. First target is a safe bet, second is a runner moonshot. I'm using tight SL - hopefully not tight enough to be wicked out right before the news candle. -- Please be aware of the bias in the linked related idea. It is mainly bearish but I have booked targets and trailed my stop so it is risk free.
Long
by xcitedDelirium
2
$DXY: Trend is up, hard to stop the advance...The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary policy itself in the Euro area. Japan benefits from increased competitivity for their exports, and won't be able to stop the advance if they wished to do so on their own. Perhaps at some point we will get coordinated intervention similar to what transpired in 1985 with the Plaza Accord. The rally here in quarterly and yearly scale is potentially of huge scale, so I'll be ready to trade any continuation signal to the upside while the trend variables remain in place. Best of luck, Ivan Labrie.
TVC:DXYLong
by IvanLabrie
2
USDCHF: Rallies capped?USDCHF Intraday - We look to Sell at 0.9856 (stop at 0.9881) The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 0.9795 and 0.9785 Resistance: 0.9800 / 0.9830 / 0.9860 Support: 0.9760 / 0.9730 / 0.9700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets