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DOLLAR INDEX (DXY) FOMC Ahead! What to Look At?💵 Dollar index is approaching a key daily structure support. 103.4 - 103.8 is the zone on focus. Depending on the reaction of the market to that, I see 2 potential scenarios: If the price breaks a resistance of a falling wedge pattern on a daily, a bullish movement will be expected. If the price breaks and closes below a green support though, a bearish movement will be expected. Everything will most likely depend on the FOMC meeting. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
10
Dollar Index (DXY): Waiting For Breakout 💵 Dollar Index is coiling around a solid horizontal supply area on 4H. The price formed a head and shoulders pattern, testing that. The next bearish move will most likely initiate after a breakout of its horizontal neckline. We need a 4H candle close below 104.87 - 105.05 to confirm the breakout. Goals will be 104.18 / 103.8 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
11
S&P500 Index (SPY): Your Trading Plan For Today S&P500 Index is trading within an expanding wedge pattern. The price is currently approaching its support. To buy with a confirmation, watch an hourly time frame. I spotted a double bottom pattern there. 4008 - 4011 is its neckline. Wait for its bullish breakout. You need an hourly candle close above to confirm that. Buy aggressively or on a retest. Goals will be 4041 / 4059 If the price sets a new low, the setup will be invalid. Please, support this idea with a like and comment!
FX:SPX500Long
by VasilyTrader
9
DOLLAR INDEX (DXY) Technical Outlook & Levels to Watch 💵 Here is my latest structure analysis for Dollar Index. Support 1: 103.4 - 103.8 area Support 2: 101.3 - 101.7 area Resistance 1: 104.6 - 105.6 area Resistance 2: 106.8 - 107.2 area Resistance 3: 107.8 - 108.0 area The price broke a very important demand cluster last week, it turned into Resistance 1. Probabilities are high that the index will drop from that area at least to Support 1. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
3
Nasdaq-100 Index (US100) 2 Scenarios Explained Us100 index is approaching a peculiar horizontal support. Depending on the reaction of the price to that structure, I see 2 potential scenarios. Bearish If the price breaks and closes below 11480 - 11550 horizontal support on a daily, I will expect a bearish continuation at least to 11200 level. Bullish The price may also respect the underlined green structure. If the price breaks a falling parallel channel to the upside on a 4H, I will expect a pullback to 11650. Wait for a breakout, that will indicate you the future direction of the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
CAPITALCOM:US100Short
by VasilyTrader
10
Dow Jonex Index (US30): Important Resistance Ahead Hey traders, Dow Jones Index is approaching a key level. The underlined yellow area is based on a historical structure that was respected many times in a row recently. I will expect a pullback from that. Wait for a confirmation on lower time frames to short next week. I will post an update once I spot a decent setup. Have a great weekend! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
9