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Will the USD rally continue?At the moment the USD is significantly overbought and could roll over at any moment. For now however what is more likely is a simple pullback and then continuation higher. As the Fed is determined to raise rates and inflation seems to be pretty high, the USD could appreciate even more and the US is very dominant. Maybe a stock market correction or a change in direction by major central banks do have an impact on the DXY, but the current trend is still up, although the USD could fall to as low as 93.9 before continuing higher. Maybe we get a pullback as rates have gone up significantly without the Fed having even started to raise rates yet. Maybe the rally we've gotten up until now is already overdone as the market has priced in the rate hikes. Maybe the market hasn't priced in some of the rate hikes, but the reality is that it is already ahead. The US 10Y yield had lost all its gains relative to other countries since mid 2013, from end of Nov 2018 until the huge oil crash in Apr 2020. Then rebounded all the way up to the point where its collapse hard started in Feb 2020 and then pulled back again. Now consolidating but with no clear direction yet. A lot will be determined on rates in my opinion, however that isn't the only reason the USD could go up or down. At the same time we have a lot of people chasing safe US liquid assets while USD denominated debt is sky high, and higher inflation that isn't caused money printing is doing a lot of damaged to those that hold a lot of USD debt.
TVC:DXY
by BitcoinMacro
US 100 AnalysisMy TA analysis for next week. Daily Timeframes : BULLISH. Current Direction of market is BEARISH. (short term) Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY) On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT. For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support. Continuation or Reversal. If the price Succesfully Break the H1 Support it will retest and Target TP 2 Zone. Always watch on lower timeframe when the price reach SNR / Fresh previous BASE. Hope this would help. May this 2022 give you a lot of blessing, new adventures and good fortunes . HAPPY NEW YEAR Boisss .. :D
U
by RiqqiRider96
Tesla, more bullish than everElon Musk said he's done selling Tesla stock for now and look at the market reaction. It seems the perfect entry for Tesla and all indices. Once again if you trust Elon, you will be right in the market. From the technical analysis perspective, we can clearly see that the uptrend is resuming and ready to make new highs once again. Tesla is one of the best examples of buy and hold strategy. We bought it back in 2020 and we've been adding positions ever since.
NASDAQ:TSLALong
by alvaromroo
2
PALANTIR - Wait For The Trigger!PALANTIR is approaching a strong support zone in green we will be looking for buy setups on lower timeframes. on M30: PLTR formed a valid trendline in red but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. Trigger => Waiting for a momentum candle close above the last major high and 20.0 to buy. Meanwhile, until the buy is activated, PALANTIR would be overall bearish and can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
PLong
by TheSignalyst
9
The 3 CHARTS to make me Bullish These 3 charts are bullish for Bitcoin and extremely Bullish for Alts. 1. The US INDEX hit Resistance and stochastic RSI pressure is down, good for Bitcoin. The weekly and Daily has the Dollar going down. With the extra money being printed now, holding Crypto is a good bet. 2. This one is the Bitcoin Dominance, The daily time frame shows resistance hit and stochastic RSI momentum pressure is down. The weekly looks worse. Extremely good for Alts. 3. The Last chart here is theTotal Crypto Marketcap without Bitcoin. It is sitting on the bottom on the Linear Regression channel and Stochastic RSI and Support formed shows that a beautiful run is about to take place.
CRYPTOCAP:TOTAL2Long
by GlobalTrader_
4
Bearish on Bank Of America (BAC)This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great. That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs to be hit before BAC rebounds. My other reasoning is the the 50 day and 100 day moving averages are crossing. The third reasoning shown in my analysis is the "Bearish Cup and Handle Pattern." Also not drawn in what I believe to be a bearish pennant pattern. These reasons are why I have a bearish bias on BAC. As I said before, I am new to this, so any feedback would be MUCH appreciated. (Not Financial Advice)
NYSE:BACShort
by inactiveaccountdontfollow
1
QQQ - Nasdaq heading to find support on 100 MAHi All, my main 3 take-outs from this analysis are the following: 1- Price might be trying to find support at around 15400 where the 100 MA stands 2- In case the 100 MA will be broken, we always have a static ascending trendline at around 15100 which might reject the price as it happened several times in the past 3- Last support might be the dynamic support of the 200 MA, at around 14500, which I personally do not believe we'll be reaching Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:NDXShort
by FrancescoMerlettini
US30 SCENARIOUS30 Outlook. - Weekly: US30 is bouncing further in the channel, we had a nice downmove to the lower border of the channel, where we also caught good liquidity currently it might be up for a move to the higher border. Weekly chart we are bullish. - Daily: We had a perfect retest at the lower border and we can see the liquidity spike. We are below the equal librium, we see a nice tweezer candle and created a higher low indicating a shift of trend possibly. - 4H: There is a nice H&S pattern, we are up trending and the neckline hasn't been broken yet. I would like to see a nice breakout of the neckzone combined with a (weak) pullback correlating with the fib before making a further decision. - Let me know your thoughts, link your outlooks below.
OANDA:US30USDLong
by Nas-Prince