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What about the DXY? Potential Retracement + ImpulseGood morning traders, today we bring you our analysis on the DXY index, along with an analysis of the potential behavior based on the short and long term zones. 🔸For most of 2020, the price was in a downtrend after bouncing off the Resistance Zone. 🔸The movement was so strong that it managed to penetrate the Bullish Channel that had been active for almost 10 years to the downside. 🔸At this time, the price is approaching the Support Zone, where we will most likely see a reaction/consolidation for a few days/weeks. 🔸If the price does not make a strong reversal, we may see a breakout to the downside of this correction. 🔸In case this happens, the next support area is around $80, which would imply an interesting price drop.
TVC:DXYShort
by ThinkingAntsOk
1
Gold - Taking a run at $2,000?Gold has had a great start to the year after enduring a difficult final few months of 2020. The yellow metal smashed through $1,900 and hasn't looked back, seeing some resistance around $1,950 but not pulling back in any significant way. The backdrop of a softer dollar is continuing to be supportive for gold, although that could be tested in the coming days depending on the outcome of the Senate re-run election in Georgia. Should the Democrats take effective control of the Senate, it could be bullish for the greenback and stall gold's progress. From a technical perspective, gold is testing an interesting level around the 61.8% fib of the summer highs to November lows. This coincides roughly with the top of the rising channel on the four hour chart which could make it an interesting level of resistance in the near term. A break above here could open the doors to a run at $2,000 which would be very interesting, indeed.
OANDA:XAUUSD
by OANDA
2
POR - PORTLAND ELECTRIC- US STOCK MARKETFinancials not bad but need more volume to go up.. I wish you good profit! Thanks Important Notice - The index, stock, commodity, etc. I share here should not mean that I personally take a position. - It is important that my shares are not interpreted as buy-hold-sell advice in any way. -Please process according to your own risk appetite -You can send me a direct message for your financial, technical or training requests. - Liking the shares and following the account is an important indicator for the continuation of the shares. - All the works I have shared; all the information, drawings, graphics and comments, the notes I have taken for myself and / or my experiments on technical analysis , my training notes. Legal Notice Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service: It is offered within the framework of an investment consultancy agreement to be signed between brokerage houses, portfolio management companies, banks that do not accept deposits and the customer. The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations. Nevertheless, I cannot be held responsible for any direct and / or indirect damages, loss of profit, moral damages and damages that may be incurred by third parties, which may be incurred by investors as a result of the use of the information on the site and the resources used for the site
NYSE:POR
by BistTrader
BIDU - BAIDU INC SPON - NASDAQ Financials well! It's not expensive comparing to its industry. It may wanna rest after touching the up line. I wish you good profit! Thanks Important Notice - The index, stock, commodity, etc. I share here should not mean that I personally take a position. - It is important that my shares are not interpreted as buy-hold-sell advice in any way. -Please process according to your own risk appetite -You can send me a direct message for your financial, technical or training requests. - Liking the shares and following the account is an important indicator for the continuation of the shares. - All the works I have shared; all the information, drawings, graphics and comments, the notes I have taken for myself and / or my experiments on technical analysis , my training notes. Legal Notice Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service: It is offered within the framework of an investment consultancy agreement to be signed between brokerage houses, portfolio management companies, banks that do not accept deposits and the customer. The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations. Nevertheless, I cannot be held responsible for any direct and / or indirect damages, loss of profit, moral damages and damages that may be incurred by third parties, which may be incurred by investors as a result of the use of the information on the site and the resources used for the site
NASDAQ:BIDU
by BistTrader
EURUSD: Bullish Wave Continues! Where is the STOP?! EURUSD remains sharply bullish. The price keeps growing setting new structure highs. On a weekly we can see where bulls are aiming at: during the last 5 years, the price is trading within a gigantic horizontal trading range. 1.04 is the support of this range and 1.25 is its resistance. Right now the price is very close to the upper boundary of the range. It looks like bulls are willing to reach that soon. Only then we can expect a strong pullback and potential reversal, but for now, let it run.
Short
by VasilyTrader
10
WTI Crude - Time for a correction?Oil prices have been tearing higher since the start of November, rising more than 40% to return to far healthier levels. The rally has started to slow though and with so much good news - vaccines, OPEC+ deal, US stimulus deal (almost) - now priced in, I wonder whether we're about to see a bit of a corrective move. WTI has trended higher nicely, following the 55/89 period SMAs on the 4-hour chart and a break of this may be the first clue that it's run its course. WTI peaked just above $49 today, entering what has been a major area of support over the last couple of years before becoming resistance in early 2020. While a US stimulus deal would be positive for oil demand in the coming months, I wonder how much it is already priced in. It may give crude a small bump but would profit taking then kick in?
OANDA:WTICOUSD
by OANDA