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DXY H4 - Long SignalDXY H4 Support price of 105.100 held nicely. We seemed to bounce as we look to continue the bullish trend up towards that next target price of 106.500. Certainly possible, even maybe today if we gear up for more dollar bulls moving into the US session. We need to first sustain this break above the previous high, we have drawn the resistance (black line) marking previous H4 resistance. Possible retest (could offer entries for ***USD or USD*** pairs if they align).
TVC:DXYLong
by Trade_Simple_FX
Is DAX showing something interesting for the bulls?#DAX EASYMARKETS:DAXEUR DAX seems to be showing some positive signs for the bulls, however, we cannot get comfortable with that idea yet until we see a clear breakout. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:DAXEUR
by easyMarkets
SP500 Index Technical AnalysisSP500 Index Technical Analysis The SP500 index appears poised for a retest of the 5320 level. A break below 5320 would likely lead the index to touch 5301. Bullish Scenario: For the bullish trend to continue, the price must stabilize above 5347. If it does, the next target will be 5375. Breaking through 5375 could lead to new record highs. Bearish Scenario: If the price trades below 5347, it indicates a potential drop towards 5320. A breach of 5320 could further lead to 5301. Stabilizing below 5301 would activate the bearish area, with the next target at 5260. Key Levels: - Pivot Line: 5347 - Resistance Levels: 5378, 5400, 5423 - Support Levels: 5320, 5301, 5260 Today's Expected Trading Range: - Support: 5301 - Resistance: 5375 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301.
OANDA:SPX500USD
by SroshMayi
Fed Expected to Hold Rates Amid Mixed Economic IndicatorsFed Expected to Hold Rates Amid Mixed Economic Indicators Focus on CPI Data and Rate Decision: Wednesday's U.S. Consumer Price Index (CPI) data and the Federal Reserve's interest rate decision are in the spotlight. This follows rate cuts by the Bank of Canada and the European Central Bank last week. However, the Fed is not expected to follow suit—at least not immediately. CPI Growth Expectations: U.S. CPI growth for May is anticipated to remain steady at 3.4% year-over-year. Energy prices likely declined in May as oil prices edged lower, while core CPI (excluding food and energy) is expected to decrease slightly to 3.5% from 3.6% in April. This reflects a more normal 0.2% month-over-month increase. Additionally, home rent price growth is projected to slow, alongside a decrease in the core services ex-rent measure that Fed policymakers closely monitor. In April, this measure increased by 0.4%, down from an average of 0.7% per month over the first quarter of the year. Inflation Pressure Measures: The diffusion index, which gauges the breadth of inflation pressures, has shown little improvement recently. Fed policymakers believe the current interest rates are restrictive enough to eventually bring inflation back to the 2% target. Firm U.S. employment numbers in May, including a slight increase in wage growth, indicate no immediate pressure on the Fed to lower rates. Interest Rate Outlook: Our base case scenario suggests that the Fed will not be in a position to cut interest rates until December. This assumption hinges on the expectation that economic growth and inflation will slow in the coming months. Technical Analysis: SP500 Index Outlook Weekly Chart Analysis: The SP500 index recently retested its support line at 5260, stabilizing in a bullish zone. This suggests a continuation of the upward trend towards targets of 5423 and 5500, particularly if the CPI comes in below 3.4%. Bullish Scenario: As long as the price remains above 5260, the bullish trend is expected to continue, targeting 5425 and 5500, potentially reaching a new all-time high. Bearish Scenario: For a bearish trend to emerge, the price must fall below the support line at 5260, which could then lead to targets of 5040 and 4923. Key Levels: Pivot Price: 5320 Support Levels: 5260, 5193, 4930 Resistance Levels: 5423, 5520, 5600 Trading Range: The price is anticipated to fluctuate between the resistance at 5525 and the support at 5260. Overall Tendency: The outlook appears bullish.
OANDA:SPX500USDLong
by SroshMayi
XAUUSD H4 - Long SignalXAUUSD H4 Here is the outlook for XAUUSD as it stands, we are firm believers in trading what you see. We can see the DXY took a slight bounce from that 104.000 mark and therefore the DXY is still in bullish demand. That being said, $2330/oz has been our previous area of support for a while now, and we hold our ground until it breaks. Upon a potential break, we can simply change our bias and start trading in line with the new breakout trend (should it sustain). A simple motto we go by, trade what you see and don't fix it unless it's broken. This is the staple of a zone trading strategy. Learn to love your losses when they can occur, because these losses often lead the a monster of a reversal trade.
FX:XAUUSDLong
by Trade_Simple_FX
Nikkei, bias to look for short...BUTHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias to look for short on Nikkei, but let's see how, the price action seems choppy lately.. 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. *********************************************************************
JShort
by Shadowing_The_Big_Boys
NASDAQ: Perfect pullback execution. Bullish reversal next week.Nasdaq delivered the expected pullback which was validated when it crossed under the 4H MA50. Today it almost reached the 1D MA50, which is also where the 4H MA200 sits, turned momentarily bearish on the 1D technical outlook (now neutral/ RSI = 47.140, MACD = 151.030, ADX = 59.182) and the 1D RSI achieved symmetry with the December 6th 2023 Low. We still expect the 1.5 Fibonacci extension to get reached before the next pullback (TP = 19,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
S&P500: Don't expect any sizeable correction any time soon.The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a consolidation phase similar to August-October 2020. As long as the 1W MA50 is in support, we expect the Channel Up to gradually rise in the same manner as then and by early 2025 possibly hit the 1.618 Fibonacci extension (TP = 6,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
Potential bearish drop?US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could fall to the 1st support. Pivot: 105.11 1st Support: 104.57 1st Resistance: 105.49 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.
TVC:DXYShort
by ICmarkets
DOW JONES: Correction completed. Time for a new High.Dow Jones may have turned red on its 1D technical outlook (RSI = 35.469, MACD = -17.010, ADX = 38.217) but it is only neutral on 1W (RSI = 52.498) suggesting that on the long run, these are strong buy levels from a R/R perspective. Two weeks ago we called the current pullback to 38,550 as a possibility but now it is time to turn bullish again. As you can see, on the 1W timeframe, there are striking resemblances with the Channel Up of March 2023 and in today's terms we are on the May's 2023 corrective wave. We expect at least a +13.67% rise from the recent bottom and our target sits slightly under that level (TP = 42,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DXY - Are You Ready?📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline. 📚 As per my trading style: As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXYLong
by TheSignalyst
3
Commodities on the rise, but can they pull back?Commodities have been in a bull run since 2020, within an uptrend that can resume after the pullback observed in 2022. Analyzing the CRB Commodity Index, I believe that the pullback from that recent 2022 high isn’t over yet. There’s potential for a C wave that could retrace to 38.2% of the 2020 bull run. This may suggests that inflation might cool down, but much depends on the Federal Reserve’s rate decisions. Premature rate cuts could spur demand and drive prices higher, complicating the inflation scenario.
TVC:TRJEFFCRB
by ew-forecast
Market Gets Spooked, FOMC and INterest RatesEASYMARKETS:NDQUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
N
by easyMarkets
SPY (S&P500 ETF) - Weekly - Potential Resistance Price TestSPY (S&P500 ETF) has been in an uptrend since 2023 and is approaching its all-time-high price resistance again. $523.07 is the current all-time-high price resistance. $497.83 is the current support level price, and also the 0.236 fibonacci level. Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575. Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466. Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns. Date created: 05/10/2024
AMEX:SPY
by NoFomoCharts
S&P500: Wait for the ideal level to rebuy.The S&P500 index is neutral on its 1D technical outlook (RSI = 44.135, MACD = 2.270, ADX = 26.567) despite the fact that it made a new All Time High, in fact turning the former R level into S. The uptrend is being supported by the 4H MA50 since the May 2nd breakout and the Channel Up presents a new low risk buy opportunity close to the 4H MA100, ideally when the 4H RSI approaches the 30.000 limit. We will wait for the opportunity to go long and target the top of the Channel Up (TP = 5,400). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope