DXY - Dollar New Week MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
According to the Long Time Frame #LTF
EXPANDING DIAGONAL and it has almost completed the " 3rd " wave After Reaching the Upper Trend Line #UTL it will Reject
In Short Time Frame #STF we have Bullish Channel and its Rejecting to the Lower Trend Line to Reach its "3rd Impulsive wave"
We have Strong #Selling_Divergence in RSI
Wait until it Rejects or Breakout with Strong Price Action
USA
BTC - Economic data will be released today. Watch out👀Today important economic data will be released:
🇺🇸 Non-Farm payrolls
🇺🇸 Unemployment rate
This is important as during such days market loses volatility as everyone fears to open trades before they know for sure what happens in #1 world economy.
If you look at the charts, we can see clearly that morning should have been bullish.
1. Volume at bottom as a sign of strength from buyers
2. Broke the trandline after long accumulation.
However, after trendline breakout there no significant bullish movement, meaning that players are not ready to enter the game yet.
It's better to wait until 08:30 GMT-4 and trade volatility.
Not having a position is also a position☝️
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Here's the move. US30 DJI LongWe'll drop to that 1M/1H FVG zone marked at the 31550-31500 Levels. Then off we go. It might dip slightly below 31500 to trap more bears.
AUD / USD Next Move 30- AugustTechnical Analysis Chart Update
AUD / USD ( Australian Dollar / U.S Dollar )
Time Frame - M30
We have BULLISH CHANNEL Pattern in Both Short Time Frame #STF and Long Time Frame #LTF as well
It has Breakout the Lower Trend Line #LTL and completed its Retest
We Need Strong Bearish Price Action for Sell
USDCNH breakoutPrice broke up this triangle📐 and I think there is chance for run to 6.92 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Resistances along the way
ENTRY : local high @ 6.735
STOPLOSS (SL) : local low @ 6.668
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 6.92
REWARD RISK RATIO (RRR) : 2.8
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Ever wonder what’s preventing the market from a massive crash?The answer is DEBT
Real GDP (Green) US Public Debt(yellow).
Look at how aggressively debt has grown from 1970 till today.
Just to bring this a bit closer home. It’s like constantly getting yourself in financial trouble yet the bank keeps giving you more and more credit.
If the government was an individual, it’s credit score would be less than 500. And even with a shitty score like that, they keep getting more and more into debt.
This is NOT capitalism. This is the part where gamesmanship applies.
The question becomes, what happens to our economy if the government didn’t bail out or print any NEW money for 10 years?
In other words, Be slightly paranoid when it comes to your investment philosophy.
Play offense, but stay alert.
BTC Daily - What to expect from GDP data today?As always, BTC is very stale on the days when fundamental news have to be released.
Today USA GDP data will be released to public which will provoke volatility across all financial markets
We can see that BTC accumulates power for more than 6 days, meaning that we have strength for an impulse up or down. Locally we are in triangle and trading near the upper level, seducing bulls to enter longs .
I advice you to wait until data, so you won't get trapped in unpredictable market. If you want to enter long positions, think twice as market already showed us a movement up in the morning
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DXY - Dollar Next Move 25 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - M30
According to Long Time Frame #LTF it is Following BEARISH CHANNEL and Rejecting the Bullish Trend and Heading Towards its Lower Trend Line #UTL
If we Look Short Time Frame #STF we have SYMMETRICAL TRIANGLE with the Breakout of the Lower Trend Line #LTL and completed its Retest and Following Bearish Trend
Pairs Like XAUUSD , GBPUSD , EURUSD . ABCUSD can Follow Buy Trend
Pairs Like USDJPY , USDCAD , USDCHF , USDABC can Follow Sell Trend
ECONOMIC UNITED STATES GDP compared with Other NationsThis chart illustrates the GNP of the USA compared with others over a period
of several decades. The USA is on a much slower trajectory of growth than
all the other countries on the chart except Russia and Ukraine. This
includes the Eurozone, China, India, Mexico, and others. This trend
has been in place for decades. It makes for a poor prognosis for
the future of the US economically, no matter how much our politicians
and other influencers try to hide this.
MSFT Short position Much to the surprise of many investors, this month has seen stocks continuing to rally. A bullish rally can be identified using swing high and low underlying price points since the start of July. The golden dotted line presents this, indicating upward underlying price movements. During this period MSFT saw lows of $243 and highs of $293.
Currently trading above 20, 50, 100 and 200 day ranged EMA levels, the underlying valuation of the stock is suggested to be overvalued given that it’s trading above these averages. When trading above all EMA levels, investors should anticipate a correction, back in line with these moving averages.
When using a 1-week ranged Fibonacci investors can see that the stock is currently trading in line with its weaker 0.382 resistance level: a price of $293. Based on bullish momentum, we anticipate this resistance level to strengthen. We anticipate the stock to reach it’s stronger 0.786 resistance level: a price of $298. The investor should look to buy around this price. Once the underlying price of the stock reaches this point, it is reasonable to anticipate a correction towards its support.
Therefore, we have set a sell price in line with the 100-day ranged EMA and stronger 0.786 Fibonacci support level. The buyer should sell at $275.
DXY - Dollar New Week Forecast DXY - Dollar Technical Analysis Chart Update
Time Frame - H4
According to the Pattern it is Following #Bearish Channel it is Possible that it can Follow Buy Trend Because it is rejecting from the Good Lowe Trend Line #LTL Area and if breaks out and Retest it will Follow Buy Trend till it Daily #Resistance Level
USD/JPY Next Possible Movement USD ( U.S Dollar ) / JPY ( Japanese Yen ) Technical Analysis Chart Update
Time Frame - H1
According to Long Time Frame - LTF
H-4 It is following the Elliot waves in Bearish Trend and Has completed Impulsion and its Correction
H-1 It is following the Rising Wedge Pattern and Rejecting from the Lower Trend Line ( LTL )
According to Short Time Frame - STF
Its is following the Elliot waves and it will complete its 5th wave at Fibonacci Level - 78.60%
It is also Following Bearish Channel for correction and can Follow Short Buy Trend
DXY - DOLLAR Technical Analysis Chart According to the Long Time Frame - LTF its following Impulse Correction and Flag Pattern
and in Short Time Frame - STF it is following Bearish Channel we need strong Retracement and Rejection for Buy
According to Elliot Waves it can Reach Fibonacci Level 61.80 - 78.60 %
DXY: will we have more fresh highs?Hey traders, Above is a technical overview on DXY and the most important zone to watch, i highly recommend to take a look at DXY at the beginning of every trading week if not everyday, that will help you to Spot the direction of USD pairs and allow you to trade them in a more professional way.
in the coming week we are monitoring USD INDEX for buying opportunity around 106.4 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Alphabet Inc - Short PositionWith an underlying share value equal to $117, Alphabet Inc has seen bullish movements since our last position published on 28/07/22. When reassessing Alphabet Inc using a 4hr range, investors can see that it’s now trading above its central Fibonacci PP level. In fact, the stock is trading above its PP 0.382 1st level resistance. The underlying price of Alphabet is in line with it's PP 0.5 resistance level. This is a bearish signal, investors should anticipate bullish trends to begin to correct and for stock prices to bear towards their support. Whilst it would be reasonable to anticipate the bullish resistance trend to continue to strengthen, this signal tells us to begin to anticipate a bare and profit off a short. This notion is further supported by the 20-day ranged Bollinger Band. The underlying stock price is currently trading close to the Bollinger’s upper bound which suggests a correction toward it’s lower bound, close to the Fibonacci’s central PP level. It would be justified to set a buy price in line with the Fibonacci’s P 0.5 resistance pivot. We anticipate the underlying stock price of Alphabet to reach this resistance point before bareish corrections occur.
Therefore, we have set a buy price in line with the PP 0.5 resistance pivot, our investors will look to buy at a price of $118. Based buy and sell trends since the start of the year, we anticipate a strengthening bareish trend. We anticipate bareish trends to strengthen over bullish trends and for the underlying stock price to reach it’s Fibonacci support level. We have set a target price in line with the Fibonacci’s PP 0.5 support level. The buyer should sell at around $105.
Why isn't the US officially in a recession? The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on whether the economy is in a recession has yet to declare that the US is in fact in an economic downturn.
Slowdown in private and public spending
In the April-June period, GDP shrank for the second straight quarter, which the US Department of Commerce attributed to the drag in private inventory and residential fixed investments, reduced federal government spending and a drop in non-residential fixed investment.
General merchandise stores and motor vehicle dealers in the US eased their inventory build-up in the recent quarter, leading to the drop in private inventory investment, while the government’s move to cut down on its non-defense spending resulted in lower federal government spending.
These factors offset the increase in exports and personal consumption spending in the second quarter.
While the second consecutive drop in GDP reached the widely accepted definition of a recession, the US, according to a body that gets to say when the country is already in one, has yet to make a call.
Who makes the call?
The National Bureau of Economic Research, a nonprofit organization founded in 1920, serves as the “official” arbiter of whether the US, the world’s largest economy, is in a recession or not. The NBER’s Business Cycle Dating Committee consists of eight members who are among the country’s top economists working at leading academic institutions.
The committee keeps track of the dates of peaks and troughs that frame economic recessions and expansions and its decision is based on a wider set of indicators including income, spending and employment.
The NBER defines a recession as a period that involves a “significant decline in economic activity that is spread across the economy and lasts more than a few months.”
Growth slowing
While the US is not in an official recession, many analysts acknowledged that the country’s economic growth is slowing. Even US President Joe Biden said “it’s no surprise that the economy is slowing down” as the economy came off of last year’s historic growth, regaining all the private sector jobs lost during the COVID-10 pandemic.
“But even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure,” Biden said in a statement last week following the release of the quarterly GDP report.
Federal Reserve Chairman Jerome Powell also remains optimistic on the economy, telling reporters in a recent press conference: “I do not think the US is currently in a recession and the reason is there are too many areas of the economy that are performing too well.”
Strong jobs data
“This is a very strong labor market ... it doesn’t make sense that the economy would be in a recession with this kind of thing happening,” Powell said.
In June, non-farm payrolls rose by 372,000 month over month, topping the 250,000 market estimate, with the unemployment rate unchanged at 3.6%, according to the US Bureau of Labor Statistics.
“The strong 372,000 gain in non-farm payrolls in June appears to make a mockery of claims the economy is heading into, let alone already in, a recession,” Andrew Hunter, senior US economist at Capital Economics, was quoted by CNBC as saying.
The strength in US consumption and employment are still providing support to the economy, but some analysts are warning that it is only a matter of time before the US succumbs to a recession as soaring inflation continues to dampen consumer appetite, while the volatility in financial markets linger due to uncertainties surrounding the COVID-19 pandemic, stagflation concerns and other factors.
The International Monetary Fund last week lowered its outlook on the US economy, now expecting a 2.3% growth this year, down from its previous 3.7% expansion forecast, while it expects the world economy to rise 4.2%, slower than its anticipated 3.6% growth forecast.
Possible next move in SPXHi everyone.
Today I'm gonna talk about SPX. In this moments the price have 2 posibilitties:
Option A: We have a double bottom pattern and the price will go to the level of pattern and then we need to wait a intentional canddle who confirms the change pattern. In this point it's good enter to long (more risk)
Option B: The price will go to te resistance and then will fall to the support (here we can enter with a short). In the support we need to wait if the price will go down or bounce to the resistance again
(good opportunity to enter long)
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