Index
DXY ( BREAKOUT AND AGAIN INSIDE CHANNEL ) (4H)DXY
HELLO TRADERS
Tendency, the price inside sensitive area , trading nearly turning level at 103.221 .
Upward Zone : as long as the price should be breaking turning level at 103.221 , refers active upward zone , currently the price trading below turning level at 103.221 , to rising inside resistance zone between 103.690 & 104.477 , first thing for this rising reach of a resistance level (1) at 103.690 , by closing 4h candle above it easily reach next level at 104.477 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
Downward Zone: until the price trading below turning level around 103.221 , indicates dropping to support level (1) around 102.736 , to confirm true decline , the price it will be breaking 102.736 , by closing 4h candle below it to reach support
level (2) at 102.310 , called support zone have been buying increase in this zone before .
TARGET LEVEL :
RESISTANCE LEVEL : 103.690 , 104.477 .
SUPPORT LEVEL : 102.736 , 102.310 .
Japan Nikkei index- just a quick post to show u something.
- As always everything is in the graphic.
- Now look at Japan Index closely.
- So a quick crash happened but look where Nikkei Bounced.
- i always speak in my posts that :
- " Supports are always turning to resistances ".
- " Resistances are always turning as supports ".
- Here you have a perfect exemple with Nikkei225.
- if u can trade Cryptos, u can trade anything else!
Happy Tr4Ding !
NIKKEI Support Ahead! Buy!
Hello,Traders!
NIKKEI is absolutely
Collapsing in an insane
Way and the index is
Super oversold so
After it hits the horizontal
Support of 30,500 we
Will be expecting a
Local bullish correction
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
US500, NASDAQ at KEY level The price is currently at a key level, testing both support and the trendline.
1. Bearish Scenario (Breakdown):
- If the price breaks below the support level, it may indicate the beginning of an ABC correction in the Elliott Wave pattern.
- Action: Open a SHORT position with a smaller lot size.
- If the price then retests the broken support (now acting as resistance), you should open another SHORT position with a larger lot size.
- Target Levels: The price could initially drop to 5300 and potentially further to 4930.
2. Bullish Scenario (Support Holds):
- If the support holds and you observe bullish price action (e.g., long needles at the bottom of the candles), open a LONG position.
- Action: If the price forms a higher high and a higher low, or breaks above the resistance at 5560 and retests it, you can add to your LONG position.
Fundamental:
Recently, a technology crisis impacted Microsoft and several other companies' stocks. However, it appears that they have managed the situation effectively, suggesting a potential price increase. Despite this, the Volatility Index (VIX) keeps increasing, indicating persistent fear among investors. As a result, there is an equal 50/50 chance of prices moving either up or down.
BANKNIFTYHi guys,
In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
US500 - Decision Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
US500 has been overall bullish trading within the rising channel marked in red.
This week, US500 is in a correction phase and it is currently retesting the lower red trendline.
📈As long as the last low marked in red holds, we expect a bullish continuation.
📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 104.51
1st Support: 104.03
1st Resistance: 104.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US100 LongIt looks highly likely the price will reverse from the current daily support zone and test the first daily supply zone at around $20,000.
-If price gets rejected at that area, it will likely mean the price is forming Head and Shoulders pattern and will continue the bearish movement all the way down to $18,500 area.
or
-If price breaks out from the supply zone, then it will continue rising upwards till it tests ATH point.
$EUINTR - Highest Level since 2000The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ;
even as data points to a deepening economic downturn in the 20 countries that use the euro.
The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
GBPUSD H4 - Short SignalGBPUSD H4
We are trading very close to out 1.30 handle, this is our key area of resistance. Similarly we have DXY back down on our 104.00 support price. Our final element of support before a potential break and trend change.
On the basis of the above, I would like to see a rejection of 1.30 as indicated and annotated. With targets of around 1.28500 initially.
Last Time This Happened, Bitcoin Rose Over 60%In a previous post about the weekly chart, I touched upon how we were headed toward 50 on the RSI. From there, it had the potential to range between 50 and 45 (within that yellow box), and it looks like we hit the 49 mark and then pivoted. The trend reversal happened once RSI was within fair-market value since it indicates over-bought and over-sold activity. The stochastic RSI bottomed and crossed upward, meaning we have momentum back in the market. The big question now is, how much will price action be impacted by an upward cross in RSI?
We can see the possibility of the upward cross coming soon. This is definitely something we want to keep our eyes on in the coming weeks - especially since we are just coming out of a stochastic RSI bottom with momentum coming back into the market. For craps and giggles, the last time we had an upward cross in RSI on the weekly chart after bouncing back from around 51.75 (aka fair-market value), Bitcoin's price rose 61.5%, from $30,364 to $49,048 (at an RSI of around 86). I'm using that as the primary example as the last upward cross we had was from an RSI of around 80, however Bitcoin still went on a tear, rising almost 52% from $48,601 to $73,794 (where RSI peaked at 92).
It was the tail end of October 2023 when Bitcoin's price took off once the RSI crossed around the 51.75 mark (aka fair-market value - see why this is important?), and peaked in March 2024, ultimately rising 143%.
To say it may be an interesting couple of weeks to months with the potential price action is an understatement.
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level.
(2) Following that, the price began to decrease, experiencing a drop of nearly 21%.
(3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern.
(4) Subsequently, the price increased and is currently consolidating within a triangle pattern.
(5) If the price successfully breaks out, the potential resistance level will be around 19,650.
Nikkei-Watching levelsTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Will watch levels 41,000 which is about now at 40500 area. bias still on upside but not till i see some change it this near term down move..shall monitor...
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
NIKKEI RISKY LONG|
✅NIKKEI is the main japanese
Stock Index and is has been
Following the Yen in the opposite
Direction. The weaker the Yen
The stronger the Index, so now
Following a sharp correction on
The Yen we are seeing a correction
On Nikkei as well, but we are
Bullish biased mid-terma and
As the index is about to retest
The significant horizontal support
Level of 41,000 we will be
Expecting a local bullish rebound
LONG🚀
✅Like and subscribe to never miss a new idea!✅