Products
Community
Markets
News
Brokers
More

Community
Ideas
Fxrenew

Fxrenew

DXY - Position Squaring ahead of NFP and US Mid-Terms Stale USD long positions were killed yesterday after position squaring aheda of NFP and US Mid-Terms forced a series of stop losses to fire off on all the majors. We covered over 200% of the ATR across the board on this move. I suspect things will be choppy until after the US MId-Terms now, as players wait before committing fresh money.

Dow Jones - Short-Term trend pushes higher on Trump/Xi comments The US-China trade war fears have subsided after a positive phone call between Trump and Xi yesterday. THe markets dismissed Apple's worse results and continued bidding up stocks. We're now in full recovery mode as suspected, with retail traders shorting into this rise.

Long

GBPUSD - Biased higher on Brexit News The Times reported that British PM Theresa May has struck a deal with EU that would give UK financial services companies continued access to European markets after Brexit. The Irish border issue is still unresolved, and we have the Bank of England out later. So caution is advised, but for now the bias has flipped and we're short-term positive.

Long

Dow Jones - Short-term momentum shifting higher Positive signs from the Dow as we overtook 25000 yesterday. We still need to clear the 25300/400 zone which is holding the market down still, but we have definitely stabilized now and fears of a crash are gone (for the moment). We may see some consolidation now ahead of the US Mid-Term elections on Nov. 6th.

DXY - Uptrend intact but caution is warranted at 97.00 A round number (97.00) plus month-end flows would suggest a cautious stance right here, right now on the DXY. The uptrend remains intact as we appraoch the November elections.

USDJPY - Busted Breakout triggers Long stance USDJPY has been holding up well despite the drop in global equities. We have observed a busted breakout and are taking a long stance with target up around 114.50-70.

Long

DXY - Tight Consolidation in Asia gives strength to Longs We are still within the broad uptick on the USD. Month-end flows would be supportive also. We expect higher prices today, which would put pressure on Cable and Euro.

Long

Nasdaq - Downtrend intact. Longs require break of 7000 Nasdaq is the canary in the coal mine. It peaked in August and now is showing the strongest rejection of lower prices. Volatility will likely remain elevated ahead of the US elections but we are watching Nasdaq for signs of recovery. First level to overcome is 7000 - that would be the first sign of a change and longs emerging.

Dow Jones - Key levels to watch Investors are showing much nervousness ahead of the US Mid-Term Elections. Sources report the Democrats are so vindictive that they intend to reverse everything and anything that Trump has done, independently from the costs to the economy. Downside remains intact despite the short-term consolidation we're seeing. Only a close above Thursday's high/25040 will release some pressure. We may push lower into the week of Nov 5th, and the next key supports are 24400, 24000, 23100/200.

Short

DXY - Pressure remains to the topside After a further round of risk-aversion overnight, the USD remains favoured. Further gains are likely until/unless we break back below 96.10s.

Long

DXY - Bias still positive The USD broke through 96.14 and is on it's way up the ladder. We remain in favour of further bullishness.

Long

Dow Jones - Negative Bias still in Play US elections are keeping investors nervous. The Dow remains a sell on rallies for now, but volatility will continue to be intense.

Short

EURUSD - Negative Bias in Play EURUSD has some bids in the 1.1430’s but pressure remains to the downside. Italy will submit their 2019 budget to European Commission today. Brussels is widely expected to reject the budget. Also, S&P will likely downgrade Italy this coming Friday.

Short

FTSEMIB - Pressure still to the downside With the EU still poised to reject the Italian budget, there's still room for downside movement in the FTSEMIB, which will also take it's cue from equity markets in Asia and the current risk off sentiment.

FShort

DXY - Uptrend remains intact The USD is back in favour after bouncing the support zone. More gains are likely today.

Long

DXY - 95.50/70 the short-term line in the sand If the USD holds above 95.50/70, we can rally towards 96.14 again. Alternatively, we will test the bottom of the recent range. Choppy conditions prevail ahead of the US Mid-Term Elections, so trade cautiously.

Signs of Caution from Consumer ETFs Consumer Staples (usually a defensive investment) are taking precedence over Consumer Discretionary (usually aggressive posture, when all is well) in October. We are pressing lower and showing the largest drop in a while. This is potentially a leading indicator of some kind of slowdown coming.

Short

BTPs - Italy vs EU Clash Deepens, Bonds under pressure BTPs will continue to remain under pressure as the EU has rejected Italy's budget proposal and Draghi has also issued a warning. Italian spreads are soaring and bonds will come under intense scrutiny.

Short

DXY - Upside still in favour Yesterday's bullish call was proven correct and we are observing the same behaviour into today's London Session. We expect further upside.

Long

BTPs - Lower on the Anticipation of a Clash with Brussles The Italian Government sent the aggressive budget proposal to Brussels, with Finance Minister Tria suggesting he can "explain" things to EU counterparties and receive acceptance. Market participants know it's a long shot, and BTPs should come under more pressure.

Short

Dow Jones - Volatile Action Requires Caution With nervous investors ahead of the US elections, the recovery hasn't been as swift or clean as expected. Caution is warranted.

DXY - Bullish Bias In Play As we suspected, the USD is back in a short-term uptrend and we suspect this move has legs in the near-term.

Long

Dow Jones - Short-Term Trend turns Up Buyers returned in the major equity indices yesterday and we expect higher prices still.

Long

11 22 33 44 55 66 77 88 99 1010 1111 1212 1313 1414 1515 1616 1717 1818 1919 2020

Love in every #TradingView

87M+

Traders and investors use our platform.

#1

Top website in the world when it comes to all things investing.

1.5M+

Mobile reviews with 4.9 average rating. No other fintech apps are more loved.

10M+

Custom scripts and ideas shared by our users.

TradingView Chart on Instagram @miahouse9

@miahouse9

TradingView Chart on Instagram @ketoryfx

@ketoryfx

TradingView Chart on Instagram @trading.is.mylife

@trading.is.mylife

TradingView Chart on Instagram @mytradingsetup

@mytradingsetup

TradingView Chart on Instagram @_jontradercom_

@_jontradercom_

TradingView Chart on Instagram @olka_gadzieva

@olka_gadzieva

TradingView Chart on Instagram @stocktcm

@stocktcm

TradingView Chart on Instagram @sabaisabai_fx

@sabaisabai_fx

TradingView Chart on Instagram @tradinglifestylestore

@tradinglifestylestore

TradingView Chart on Instagram @bright_james1988

@bright_james1988

TradingView Chart on Instagram @chriskane.fx

@chriskane.fx

TradingView Chart on Instagram @shabs.fazl

@shabs.fazl

TradingView Chart on Instagram @ankushbajaj111

@ankushbajaj111

TradingView Chart on Instagram @Trading_Jazz

@Trading_Jazz

TradingView Chart on Instagram @trade_surfer

@trade_surfer

TradingView Chart on Instagram @brybrekoz_

@brybrekoz_

TradingView Chart on Instagram @ trade_with_rosemary_cook

@ trade_with_rosemary_cook

TradingView Chart on Instagram @bradfairbridge

@bradfairbridge

Whatever the trade

Here's why Here's why

Products

Supercharts
Pine Script™
Stock Screener
ETF Screener
Forex Screener
Crypto Coins Screener
Crypto Pairs Screener
DEX Pairs Screener
Stock Heatmap
ETF Heatmap
Crypto Heatmap
Economic Calendar
Earnings Calendar
Sparks
News
TradingView Desktop
Mobile app
CME Group futures
Eurex futures
US stocks bundle

Company

About
Features
Pricing
Social network
Wall of Love
Athletes
Manifesto
Careers
Blog
Security vulnerability
Status page
Terms of use
Disclaimer
Privacy policy
Cookies policy
Media kit
Accessibility statement
Tarot cards for traders

Community

Refer a friend
Ideas
Scripts
House rules
Moderators
Pine Script™ Wizards
Chat

For business

Widgets
Advertising
Charting libraries
Lightweight Charts™
Advanced Charts
Trading Platform
Brokerage integration
Partner program
Education program

Select market data provided by ICE Data Services Select reference data provided by FactSet. Copyright © 2024 FactSet Research Systems Inc. © 2024 TradingView, Inc. US phone number 833 247 1523