U.S Dollar Index (DXY) Rising Wedge Potential Reversal !!U.S. Dollar Index (DXY) on a 2-day timeframe, a rising wedge pattern. Here’s a breakdown of the technical analysis:
Key Observations:
1. Rising Wedge Pattern:
The price has been following an upward trajectory within two converging trendlines.
A rising wedge is typically a bearish reversal pattern, meaning a breakdown could lead to a decline.
2. Recent Price Action:
The index has recently dropped from its recent high near 108.107 and is now trading at 107.807.
This suggests that selling pressure is increasing.
3. 200 EMA Support:
The 200-period Exponential Moving Average (EMA) is currently at 104.510.
This is a key support level—if the price breaks down from the wedge, it may test the 200 EMA.
4. Potential Scenarios:
Bearish Breakdown:
If DXY breaks below the lower wedge trendline, the index could drop toward the 104.5-105.0 level (200 EMA).
A further breakdown may lead to a decline toward 102-100 levels.
Bullish Continuation:
If DXY bounces from current levels and reclaims the upper wedge resistance, it could push toward 110-112.
However, this is less likely given the wedge structure.
Conclusion:
The chart suggests a potential reversal in DXY.
A breakdown from the rising wedge could lead to a decline toward 104-105.
If bulls regain strength, DXY may attempt to push higher, but upside is limited.
Traders should watch for confirmation of a breakdown or bounce before making decisions.
Index
US30 - Make or Break zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 US30 is currently retesting its all-time high at $45,000.
🏹For US30 to enter the price discovery phase and reach new ATHs, an 4H candle close above $45,000 is required.
📉On the other hand, if the last major low marked in red is broken downward, a deep correction towards the orange support would in play.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
Dow Jones 30 is near its all-time high. Can we create a new one?Can the Fed help the MARKETSCOM:US30 move a bit further north and establish a new all-time high? There is a possibility for that, however, we need to wait for the Fed press conference, when market volatility may increase significantly. That said, let the market settle and we can see what we can do. Check the video for more details.
TVC:DJI
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74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
DXY Dollar Index Market Bearish Heist Plan 🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Stop Loss 🛑: Using the 4h period, the recent / nearest high level
Goal 🎯: 105.800 (or) Before escape in the market
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📰🗞️Fundamental, Macro, Sentimental Outlook
The DXY (Dollar Index) market is expected to move in a bearish direction, driven by several key factors.
🔴Fundamental Analysis
The DXY is a geometrically weighted index that tracks the value of the US dollar against a basket of six major currencies: the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). The index is influenced by interest rates, inflation, and economic indicators such as GDP and employment rates.
🟠Macro Analysis
The US Federal Reserve's monetary policy decisions significantly impact the DXY. With the Fed's rate hike cycle, the US dollar has strengthened against other major currencies. However, the recent decline in US Treasury yields has put pressure on the dollar.
🟡Market Sentiment
The market sentiment for the DXY is currently bearish, with 71% of IG client accounts short on this market. However, some analysts believe that the dollar's decline has been overdone and expect a rebound.
🟢Retail Traders' Sentiments
Retail traders' sentiments are mixed, with some expecting a bullish move and others predicting a bearish trend. On TradingView, some analysts have identified a potential bearish pattern, while others see a bullish reversal.
🔵Upcoming Events
The upcoming events that may impact the DXY include:
Federal Reserve Meeting: The Fed's interest rate decision and monetary policy statement may influence the dollar's value.
US GDP and Inflation Data: The release of US GDP and inflation data may impact the dollar's strength.
Trade Developments: Any updates on US trade policies, particularly with China, may affect the dollar's value.
🟣Trading Expectations
Based on the analysis, it's challenging to predict a clear direction for the DXY. However, considering the bearish market sentiment and potential bearish patterns, a neutral to bearish move is possible in the short term. Keep a close eye on upcoming events and market developments to adjust your trading strategy accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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Use trailing stop-loss orders to protect your running positions and lock in profits
🚨Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
🚨Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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DXY - 1H still bearish...While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY .
In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a potential breakdown of the support zone, with the index likely falling below the 107 level.
Let’s see how this plays out! Follow for timely updates and expert insights! 🚀
Head and Shoulders pattern on the 4-H, for DXY US Dollar IndexTVC:DXY This chart shows a clear Head and Shoulders pattern on the 4-hour time frame for DXY (US Dollar Index), which is a bearish reversal pattern. Here's a short analysis:
Key Levels:
The neckline is at approximately 108.000, acting as a crucial support zone.
A breakdown below the neckline would signal further bearish momentum.
Pattern Confirmation:
Wait for a breakout below the neckline, followed by a possible retest, to confirm the pattern.
Bearish Target:
The measured move from the head to the neckline can be projected downward, aligning with the next key support levels around 107.000–106.500.
Invalidation Zone:
If price breaks above the right shoulder high (around 108.800–109.000), the bearish scenario could be invalidated.
Would you like to explore specific trade setups based on this pattern?
Here’s how you can structure trade setups based on the Head and Shoulders pattern visible in the chart:
1. Bearish Setup (Breakout Strategy)
Entry: Enter a short position after a confirmed breakout below the neckline (108.000). Wait for a strong bearish candle close below this level.
Stop Loss: Place the stop loss above the right shoulder high at 108.800–109.000, depending on your risk tolerance.
Take Profit Targets:
1st target: 107.500 (psychological level and near-term support).
2nd target: 107.000 (projected move based on pattern).
3rd target: 106.500 (long-term support zone).
$JPINTR -Japan's Interest Rate (December/2024)ECONOMICS:JPINTR 3.6%
(December/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan jumped to 3.6% in December 2024 from 2.9% in the prior month, marking the highest reading since January 2023.
Food prices rose at the steepest pace in a year (6.4% vs 4.8% in November), with fresh vegetables and fresh food contributing the most to the upturn.
Further, electricity prices (18.7% vs 9.9%) and gas cost (5.6% vs 3.5%) increased at the fastest rate in four months with the absence of energy subsidies since May.
Additional upward pressure also came from housing (0.8% vs 0.9%), clothing (2.9% vs 2.6%), transport (1.1% vs 0.9%), furniture and household utensils (3.0% vs 3.7%), healthcare (1.7% vs 1.6%), recreation (4.0% vs 4.5%), and miscellaneous items (1.1% vs 1.1%).
In contrast, prices continued to fall for communication (-2.1% vs -3.0%) and education (-1.0% vs -1.0%).
The core inflation rate rose to a 16-month high of 3.0%, up from 2.7% in November and matching consensus. Monthly, the CPI increased by 0.6%, the highest figure in 14 months.
$NQ MMSMInitially, we have a bearish outlook for the NQ, given that it has experienced several consecutive weeks of upward movement. Our analysis is based on the change in price action in lower time frames, where recent movements suggest a potential pullback. This correction, if it occurs, could serve as a pause before the continuation of the prevailing bullish trend.
S&P500 - Preparing For The Final Bullrun!S&P500 ( TVC:SPX ) is still heading higher:
Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
NASDAQ You will not be scared to invest in tech after this.Nasdaq / US100 has just started a massively bullish phase long term.
Both on 1month RSI terms and pure monthly candles, the index has entered 2025 the same way it entered 1992.
That was the start of Nasdaq's Internet Bubble, much like today we have established the era of Artificial Intelligence.
A.I. has given us a glimpse of its enormous growth potential in 2023-2024 but that is nothing compared to what's coming.
Eventually it will turn into a Bubble that will pop but we don't know how high it can go before it does.
It it repeats the Internet Bubble, the it should burst by 2031/32 in levels around 10000, no matter how crazy this price may seem now. In fact it shouldn't surprise you as Nasdaq quadrupled in the past 7 years.
In any event, this chart serves as a reminder to long term investors like us, that investing in technology stocks is a 'must' going forward into 2025.
Previous chart:
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Is ASX 200 waiting for a catalyst?Looking at the technical picture of the MARKETSCOM:AUS200 Cash index, we can see that the price remains on an uptrend, while balancing above a medium-term tentative upside support line taken from the lowest point of August 2024. Despite seeing a relatively strong correction lower throughout the whole of December, the index remains resilient to downside pressure. That said, in the short-run, at the time of writing, MARKETSCOM:AUS200 is struggling to break above a key resistance area, around the 8370 barrier.
In order to shift our attention to some higher areas, a break above that key resistance area would be needed. That’s when we may see some more bulls entering the field. If such a move occurs, we might start aiming for the current highest zone, near the 8522 hurdle.
For the downside scenario, we will take a more conservative approach and wait for a break below the previously mentioned upside line. Additionally, a drop below the current lowest point of January, at around 8131 area may invite more bears into the market, potentially opening the door for a move towards the 200-day EMA and the psychological 8000 mark. If that hurdle is unable to withstand the pressure from the sellers, further declines might be possible.
RISK DISCLAIMER
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
US Stocks Surge as Trump Takes Office: Will the Rally Continue?The US stock market is buzzing with excitement as President-elect Donald Trump's inauguration on January 20 approaches. On Friday, January 17, the major indices saw significant gains, with:
● S&P 500 SP:SPX rose 59 points, or 1%
● Dow Jones Industrial Average TVC:DJI increased 335 points, or 0.8%
● Nasdaq composite NASDAQ:IXIC surged 292 points, or 1.5%
◉ Major Sector Driving Gains
The technology sector, particularly the "Magnificent Seven" stocks, has been instrumental in this upward momentum.
◉ Investor Sentiment
Investors are optimistic about Trump's policies, but concerned about potential inflationary pressures. Experts believe Trump's administration could lead to significant growth due to:
1. Increased Government Stimulus: Trump's background as a real estate developer may result in policies designed to stimulate economic growth.
2. Technological Innovation: Rapid advancements in technology are expected to create new industries and opportunities.
3. Lower Interest Rates: There is speculation that Trump may implement lower interest rates to further encourage economic expansion.
Overall, the market is cautiously optimistic, with investors closely monitoring Trump's policies.
Nasdaq - This Can Still Be A Fakeout!Nasdaq ( TVC:NDQ ) is starting to slow down:
Click chart above to see the detailed analysis👆🏻
A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout.
Levels to watch: $20.000, $17.000, $30.000
Keep your long term vision,
Philip (BasicTrading)
DXY STRONG UPTREND|LONG|
✅DXY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 110.289
LONG🚀
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$USIRYYY -U.S Inflation Rate (December/2024)ECONOMICS:USIRYY
December/2024
source: U.S. Bureau of Labor Statistics
-The annual inflation rate in the US accelerated for the third consecutive month to 2.9% in December, as expected.
On a monthly basis, the CPI rose by 0.4%, exceeding expectations of 0.3%.
However, annual core inflation slightly decreased to 3.2% from 3.3%, below the anticipated 3.3%. The monthly core rate also eased to 0.2% from 0.3%, in line with expectations.