EURUSD Consolidation BreakoutThe EURUSD is attempting to break out of this period of consolidation. The DXY confirms that the direction of travel this morning for the US dollar is higher, so the EURUSD sell signal on the 'Classic Retest' is valid.
US
SPX - The decisive moment lies aheadThe market remains complacent even though the two-day meeting of the FED is set to commence today, and central bankers are expected to raise interest rates by 75 basis points tomorrow. Despite that, however, we remain bearish and believe the reality will sink in after the FOMC, and the rally will cease. Indeed, we believe the market will progress deeper into the second phase of the bear market, which has been confirmed by the weak earning season for the third quarter of 2022.
Although with that being said, we would not be surprised to see one more push to the upside as an initial reaction to the FED decision, with investors again seeking to buy stocks at a discount and looking for a reversal in monetary policies. Regardless, we do not backtrack on our price targets at 3 500 USD and 3 400 USD.
Illustration 1.01
Illustration 1.01 shows the daily chart of SPX and two simple moving averages. It also depicts previous bear market rallies and the current one. At the moment, the SPX remains down almost 19% from its all-time-high value.
Technical analysis - daily time frame
MACD is bullish; we will pay close attention to whether it can hold above 0 points; if not, it will be very bearish. RSI and Stochastic are bullish. DM+ and DM- are bullish as well. Overall, the daily time frame is bullish.
Technical analysis - weekly time frame
RSI and MACD are neutral. Stochastic is slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
LUNCBUSDMost likely LUNCBUSD remain in Buy for more years or even touch 0.5 or more so, so according to technical analysis i will give very big profit
US100For the method and strategy I used, this was a long trade but still easily manageable and highly profitable. With how this played out, we got to see that US30, US500 & US100 are not the same but have few similar characteristics. They all volatile, influenced heavily by fundamentals and easily misunderstood. My hate of overnight trades wants me to close, but rather I am letting my trade hit one of my exit points. SL has been moved into profit with more than enough breathing room.
Tomorrow we try again.
US Oil is going down as we expected... about $80Hello guys
As we said in the recommendation 4 days before it @usoil is expected to go down, and it will continue to go down... Take advantage of this opportunity
...you won't lose after knowing me
USOIL : OIL ⛽️
STOP LOSE ⛔️ : 88
TP ✅ : 82
TP 2 ✅ : 77
Good luck
Big week ahead Oct 24A brief skim over the markets before Fed week next week. Much of the same really ... Let's see if the dollar can hold on.
SNP500 Short Term Short Idea!Help me keep on posting by clicking on BOOST! (it's like "liking")
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF (IS THE KING)
- ETC
CRUDE OIL TRADE ENTRYIn the crude oil we have strong level of resistance where price close on friday and sort of rejecting from 84.87 level and we also have 200 ema at 87.91 so this zone is very strong and oil need high volume to break this area and after this we have a strong trend line resistance to upside and price rejecting multiple time from this level also so i am looking selling entry from the current price if oil break its support to downside than we expect price come to yellow zone to fill the gap area and if price break to upside than we looking short from the selling close from the trend line for the target of yellow zone becoz crude oil have a very big gap and price need to fill this gap must/
Dizzy Lizzie's demise has not helped the PoundSo, in a week in which dizzy Lizzy resigns and the UK faces its second Tory leadership contest, I find myself starting to yearn for a return by Boris Johnson – I freely admit that I cannot stand him, but surely anybody would be better than nobody? We may have seen a minor rally by the FTSE and pound on her resignation, but this looks to be short lived, let’s take a look what the charts have to say….
With GBP/USD still capped by its 55-day ma at 1.1488, the bearish trend remains firmly entrenched and attention remains on the 1.0923 12th October low and the 1.0356 all-time low charted in September. So the prospect of a new leader has been met with a good dash of sangfroid – it certainly has not done enough to reverse the recent slide of the poor Pound.
Sterling’s weakness cannot be attributed to the mess in Westminster alone, it is of course the mighty US Dollar, which has been the main contributing factor.
While one might think that the US Dollar has not done much over the past 6 weeks but hold sideways, it has in fact been going sideways in a contracting range. This range is easily identifiable as a potential symmetrical triangle…why is this important? Because it looks mature, and the US Dollar Index looks ready to break out of the range bordered by 113.40 and 111.60. While you have to wait for the range break to confirm direction, it is worth pointing out that symmetrical triangles are more likely to be continuation patterns than reversal ones. Above 113.40 lies the 114.75 September peak.
As for EUR/USD, where are we here? Well still in the same old boat – it remains under pressure and fairly subdues below its 2022 downtrend, which offers resistance at 0.9959. Again we can spot a potential symmetrical triangle and this one will break down should .9675 give way. This would leave the recent low at .9536 back under the spotlight.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Euro: How low can you go? USD fired-up?Here I go through an article I wrote for FXStreet about the US dollar, yields, yen and technical analysis on those as well as the threat of Bank of Japan intervention.
US 10Y yield convergence of resistance levels around 4.19/20We have a convergence of levels around the 4.19/4.20 zone of the chart, it is a long term double Fibonacci retracement and represents significant lows seen in 1998 and 2001.
Will be quite interested to see if the market pauses here in order to consolidate sharp gains that have been pretty relentless since August.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
EURUSD forecast Dollar continue bullish moves started in 2008. Positive year for USD. Let's see how fundamentals helps to continue this trend.
DXY USD dollar going down to 110.05 or 108.30USD ELLIOTT WAVE FORECAST... : This X wave (yellow) had reached the golden fib and the intermediate C (pink) reached the 123%.. only one more possible target at 113.57. If the $ is reversing here, we most expect a retracement at least around 110.045, but 108.29, 107.25 and 105.51 are also possible. Other possible targets are 107.25 and 105.51.
Phase 3 For OIL PirceThis is the seconded biggest update for oil this month !
You need a big pocket to go with the flow on this one, money management will be your biggest enemy and greed your second.
We have 85$ is the mid road for oil and 120$ the highest it can get !
Target Is 68$ for our next idea and politics is our enemy !
i recommend to open a position after an update or after the correction ! (WE can see 90$ before a drop)
Don't be greedy or you will swim in red and cry a river of poorness !
This an update to help you see the path only, I don't recommend anything
For Low And greedy People (75% Loser - 25% Winner) :
SL : 88$
-------------------------
Tp1 : 78$
Tp2 : 77$
Long Term And Big pocket user + Low Risk :
SL1 : 88$
SL2 : 112$
------------------------
TP1 : 75$
TP2 : 64$
DXY POSSIBLE CORRECTION from the daily perspective we are still in a downtrend and we are most likely to see a correction before a downward continuation.
SP-500 : We are already in a recession!We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C.
A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail.
Best regards,
EXCAVO
NY session recap: +2R for the dayThis video is a recap of the trading session over the equities hours in NY. Made 2R for the day. Keeping an eye on USD and yields and looking for renewed strength for explosive trade setups later in the week.
FED EMERGENCY ANNOUNCEMENT - WHAT TO EXPECTAfter being criticized for being slow to recognize inflation, the Fed has embarked on its most aggressive series of rate hikes since the 1980s. From near-zero in March, the Fed has pushed its benchmark rate to a target of at least 3%. At the same time, the plan to unwind its $8.8 trillion balance sheet in a process called “quantitative tightening,” or QT — allowing proceeds from securities the Fed has on its books to roll off each month instead of being reinvested — has removed the largest buyer of Treasurys and mortgage securities from the marketplace.
“The Fed is breaking things,” said Benjamin Dunn, a former hedge fund chief risk officer who now runs consultancy Alpha Theory Advisors. “There’s really nothing historical you can point to for what’s going on in markets today; we are seeing multiple standard deviation moves in things like the Swedish krona, in Treasurys, in oil, in silver, like every other day. These aren’t healthy moves.”
For now, it is the once-in-a-generation rise in the dollar that has captivated market observers. Global investors are flocking to higher-yielding U.S. assets thanks to the Fed’s actions, and the dollar has gained in strength while rival currencies wilt, pushing the ICE Dollar Index to the best year since its inception in 1985.
“Such U.S. dollar strength has historically led to some kind of financial or economic crisis,” Morgan Stanley chief equity strategist Michael Wilson said Monday in a note. Past peaks in the dollar have coincided with the the Mexican debt crisis of the early 1990s, the U.S. tech stock bubble of the late 90s, the housing mania that preceded the 2008 financial crisis and the 2012 sovereign debt crisis, according to the investment bank.
The dollar is helping to destabilize overseas economies because it increases inflationary pressures outside the U.S., Barclays global head of FX and emerging markets strategy Themistoklis Fiotakis said Thursday in a note.
The “Fed is now in overdrive and this is supercharging the dollar in a way which, to us at least, was hard to envisage” earlier, he wrote. “Markets may be underestimating the inflationary effect of a rising dollar on the rest of the world.”
In this video we analyse the two possible outcomes from the FED.
Source: Bloomberg
NASDAQ 4 HOUR : buystop on high is best action for nowif nasdaq can break yesterday high ..it is powerfull buy signal and it can fly up
personaly i belkive nasdaq will see 13000 area soon if low not break
good luck
Joe Gun2Head Trade - Selling the weakest of the US indicesTrade Idea: Selling US30
Reasoning: Selling the weakest of the US indices
Entry Level: 29352
Take Profit Level: 28585
Stop Loss: 29675
Risk/Reward: 2.37:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Mathon Digital - Quick Market Update - BTCThis is a quick update on my position with Marathon Digial - MARA.
I am continuing to be bullish on the position and can see it reaching as high as $15 - $ 18 in the next 4 - 8 weeks.
I am currently swing trading MARA so I will sell my position at between 11.50 and 14.00.
Currently if you see the price dip to below $10 I would place STRONG BUY for this stock.
I hope you enjoy this content and feel free to leave a comment.
I look forward to sharing my experience as a retail investment trader.
