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Dollar Index (DXY): Trading Plan For Next Week Explained 💲 Dollar Index is coiling around a solid rising trend line. We can see a nice consolidation on a 4H time frame. To buy the market with a confirmation, look for a bulilsh breakout of 104.3 resistance. 4H candle close above that will confirm a violation. A bullish continuation will be anticipated then at least to 104.65 Alternatively, a bearish breakout of a trend line may trigger a bearish continuation. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
7
NASDAQ-Feb 2024 3 Days remaining!Nasdaq seems on a fast track to close Feb 2024 And still a lot can happen in 3 days, which is the remaining time left to close the month. One key point to make: While Price continues to deliver within Bullish structure. Weekly Price has been unable to close above 18071. Current momentum is expected to continue to push price higher, but noting price's inability to close a weekly candle above this price area will open the possibility of repricing down. It is what it is till its not Price is expected to continue its up-close trend until it shows clear indication of weakness. Looking for a possible Bearish Mon-Tues structure, setting the stage for Bullish continuation Wed-Thu.
CME_MINI:NQ1!Long
by JP_Tru
DOW JONES (US30) Trend Following Setup Explained Dow Jones Index is currently retesting a recently broken horizontal resistance. Because the trend in strongly bullish, a buying wave may initiate from the underlined blue area. Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern. A bullish continuation will be anticipated to 39080 / 39200 levels then. If the price drops and sets a new lower low, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
4
Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵 Dollar Index is testing a support of a horizontal range on a daily now. Ahead of the non-farm payrolls report, watch carefully the intraday price action. The price is currently consolidating within a narrow range on an hourly time frame. Its resistance breakout can give us a strong bullish confirmation. Hourly candle close above 103.1 will confirm a violation, a bullish continuation will be expected at least to 103.25 Remember that a bearish violation of a support of the range on a daily will invalidate the setup. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
2
Dollar Index (DXY): Trading Plan Ahead of the FED 💵 Dollar Index keeps consolidating. The market is stuck within a narrow range on a daily. It feels like the market participants are waiting for the FED interest rate decision next week. Pay attention to the boundaries of the range. Its bullish breakout will be a strong bullish confirmation. A bullish continuation will be anticipated at least to 104.15 level then. If the price violates the support of the range and closes below that on a daily, a bearish continuation will be anticipated to 102.22 support. Patiently wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
1
JSE 40 Index | Daily | Speculation Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has been hovering/consolidating on our 8,988 level for the past few days ahead of this weeks CPI, PPI & SARB Interest Rate announcements. Looking further to our right we can expect the JSE to push up from 8,988 to around 9,843 or 10,017 before heading down to 8,229. Else we can expect the JSE to just tumble down to 8,229 if it closes below 8,988. Potential Market Movers: CPI (MoM) - Apr :: 24 May 2023 PPI (MoM) - Apr :: 25 May 2023 SARB Interest Rates :: 25 May 2023
JSE:JSE
by mosa_moshka
BTC EFT Update and US30 Analysis. Today's focus: US30 Pattern – Consolidation / ascending triangle pattern. Support – 37,400 Resistance – 37,770 Hi, and thanks for checking out today's update. Crypto had a mainly higher but, in some cases, muted response to news that BTC ETFs will become a reality. We have run over some of the news and moves since yesterday. The US30 is today's chart, and we are seeing a similar situation to what we discussed in yesterday's ETH update. ETH was one of the better-performing majors after the news hit yesterday. The US30 sits in a continuation pattern that's inside a consolidation pattern. Buyer momentum remains firm today after yesterday's rally, and we are looking at tonight's CPI data. If CPI remains unchanged or surprises the downside, we will look for further upside on the US30. If it comes in hotter than expected, this could turn the price lower from resistance or above, depending on where price is later tonight. US CPI data is due at 12:30 am ADET Friday. Good trading.
EIGHTCAP:US30
by Eightcap
$DXY -Ballads of the Dollar *W (11 Consecutive Green Weeks) Its time for a Dollar Story ! (previous lin echart idea 100-105 Range; before & after to the current spot) The Dollar Index ( TVC:DXY ) has managed to print 11 Consecutive Green Weekly Candlesticks, rallying up as much as 8 % from its July/2023 99.580 Low. A low violating all Technical aspects, which got us into a Short Idea but not for long before changing bias (idea's live chart) TVC:DXY tried to close in Green its 12 Consecutive Candlestick Print, but failed to do so. However, during this up-rally time of Dirty Mighty TVC:DXY for the past 11 Weeks, heavy negatively correlated assets like $EUR/USD and other major FX pair got slapped on the face mercilessly, as well so did the US Major Financial Markets and other Indexes and Equities, but when comparing them with the Fiat Currencies market, their blood shed was less. Is about time for The Dollar Index ( TVC:DXY ) to cool down for a while and correct ? Fundamentally no, as fear and troubles looms for a US Recession being just around the corner. Technically (TA) speaking yes, it is time for a brief correction, would be totally fine for someone looking in to longing the Financial Markets or exchanging their Fiat Dollars for other Major Fiat Currencies. We can see TVC:DXY on line chart having broken the Range's Ceiling of 100-105, as well retesting it (so far). Holding it as Support or finding itself below again facing it as Resistance shall be proven on upcoming week(s)
TVC:DXY
by Mr_J__fx