DXY H4 - Buy SetupDXY H4
The dollar index has been steadily climbing since it last reached the significant support level of 104.000. We have observed higher highs and higher lows until recent trade (Friday). The release of NFP/AE and UE figures on Friday caused market volatility, notably impacting XAUUSD.
Despite breaking through south of the 105.500 level, we have found some support around 105.000. If 105.000 level holds, we could see a rebound, potentially targeting the 106.500 level once again, which has always been our eventual swing target.
Index
NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%.
(2) Following this, the price found solid support near the 10,150 level and started to climb again.
(3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards.
(4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend.
(5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next.
⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (6.0X)
Amount: 6.0%
Current Price:
2374.2
Entry Targets:
1) 2411.5
Take-Profit Targets:
1) 2010.3
Stop Targets:
1) 2612.6
Published By: @Zblaba
BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index
Risk/Reward= 1:2.0
Expected Profit= +99.8%
Possible Loss= -50.0%
HangSeng likely more downside till 17000Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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DJO, Dow Jones in a Triangle - Bullish Continuation expectedHey Guys,
Yearly Chart is very Bullish - Broke above ATH and retesting it with this Q2 Candle.
However the Monthly Chart Doji indicates a Balanced Market ahead into the start of Q3.
A break above the highs would indicate a bullish progression - the Triangle could provide fuel for quite a large move - either up or down. Likely to be a move to the upside - given the higher TF Analysis.
37.800 and 42.000 are the Key Levels for the coming Quarter.
Will we see another Quarter of Gains? Or a little pause Pre-Election with some Profittaking under way as well as a ABC Correction towards 35.500?
Thanks for reading…
NASDAQ - What do I expect?Hey Guys,
the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here.
However, a Fifth Wave extension is not that unlikely because the third has not been extended.
in simple words: We might see a bit of a correction - or we will see a straight continuation -break above and retest the Highs - but I guess many will be happy taking a bit of profit here, thinking about the upcoming election in the USA - a bit of Consolidation would be expected at least thats what I am thinking…
Either Way - I will be cautious during the next week as it might indicate what Q3 will look like.
Thank you for reading…
Harmonics on Tadawul Saudi IndexTADAWUL:TASI
Harmonics pattern drawn on TADAWUL:TASI shows the bullish trend till 11100-11200.
Bearish reversal zone may start from this zone and may correct around 10960-10860.
After taking correction, #tadawul will continue its move towards 11625 as showing strong bullish trend.
MID in Consolidation - Bullish Progression expected
Hey guys,
Yearly Chart is bullish, Quarterly forms an inside Bar at a critical stage -
Since April I can see a Consolidation at the Yearly High of 2021 - between the marked area on the Mid Cap Index - SP400 - thus I have a neutral bias but I am a bit careful with going short from here. For a bearish szenario MID has to break below 2915 and print a bearish Chart Pattern. Everything else is a confirmation pattern for me at the moment.
For a Bullish Progression I would like to see buyers stepping in now and giving a clean and neat entry on the lower time-frames to swing it up to the blue box - which is the most important level for me to watch at the moment…
Ideally I will be buying on the 4h/2h Chart - but I will break it down once more to the hourly because of Risk- Reward.
Thanks for reading.
Plan Your Trade - 6-27-24 : SPY & QQQ ExpectationsThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see over the next two days, leading to what I believe will be a substantial rally phase throughout the week of July 4th.
The next two days will likely represent some huge price swings - first upward, then downward on Friday.
These types of price swings are fantastic for day traders and intraday swing trading.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
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).
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.
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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.
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.
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.
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.
*********************************************************************
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:
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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).
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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
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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.
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:
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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