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DJ FXCM Index

EURUSD Volatility ahead but bearish on a 1-month horizon.The EURUSD pair is pulling back as per our last week's trading plan (July 16, see chart below) and reached the bottom of the (dashed) Bullish Leg: The long-term pattern remains a Channel Up but as mentioned last week, the current Bullish Leg is about to get exhausted. On the previous Bullish Leg it did on a Double Top. Regardless if that takes place or not eventually and creates volatility for the next 7 days, we expect a new Bearish Leg to start and lead to and end-of-August Higher Low. Our Target remains 1.07250. On a side-note, the 1D RSI got rejected exactly before hitting the 70.00 overbought barrier, and the last 2 times that took place in 2024, it turned out to be the most optimal medium-term Sell Signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
GBPUSD Sell signal targeting the 1D MA200The GBPUSD pair almost hit the top of its 10-month Channel Up and immediatelly got rejected. The subsequent pull-back is so far restrained within the (dotted) Channel Up that uses the 1D MA50 (blue trend-line) as its Support. The previous such Channel Up, essentially the first Bullish Leg of the (blue) Channel Up, topped at +6.00% (which is where the current rally sits as well) and a 6 week pull-back saw it test the 1D MA200 (orange trend-line) on the 0.382 Fibonacci retracement level. As a result, the R/R favors heavily going short at the moment. Our Target is 1.2790 (exactly on the 0.382 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
EUR/USD Daily Chart - Triangle BreakoutThe EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900. Target Levels: 1st Resistance – 1.1083 2nd Resistance – 1.1210 Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly. Thank you
Long
by KABHI_TA_TRADING
9
We Buy Stocks In Bull MarketsThe Dow Jones Industrial Average just had its highest weekly closing price in history. Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market. Do you know how many times we saw a new 52-week high for the Dow in 2021 along with these breadth readings also hitting new cycle highs? Zero. It didn’t even happen once. That’s because back in 2021, market breadth was deteriorating, not expanding. See the difference? These are the biggest and most important companies in this country. But what about the companies down the cap-scale? Small-cap Indexes have not been participating during this bull market, although plenty of small-cap stocks and sectors have. But now the indexes are joining the party as well. We just saw new bull market highs for the Small-cap Russell2000 Index. And when you break down what’s happening within that index, we just saw new 30-month highs for both Small-cap Value AND Small-cap Growth. There are so many opportunities right now in the market, but how do you know which are the best ones? Funny, you’re in luck. We’ve been working on something BIG behind the scenes. And we’re not just looking for base hits. We are ONLY looking for huge winners. This is a bull market. So we’re not messing around. If it can’t be at least a double, then I’m not interested. We’re going for multi-baggers.
BLACKBULL:US30Long
by USDSZL
Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2425 2nd Support – 2403 Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
35
USDJPY But signal when the 1D MA50 breaks.Last time we looked at the USDJPY pair (May 22, see chart below), it gave us a solid buy signal at the bottom of its Channel Up: Since then the price got rejected on Resistance 1 (161.950), forming a Diverging Higher Highs trend-line and pulled back below the 1D MA50 (blue trend-line) and at the bottom of the (blue) 7-month Channel Up. Once the price breaks above the 1D MA50 and better yet the 1D RSI breaks above its MA period (yellow), we will have a new buy opportunity at our hands as in the past 4 occasions that has taken place, it was the absolute bullish break-out confirmation. If it does again, we will buy and target 163.000 (contact with Diverging Higher Highs trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDCAD - A MEGA Drop Inbound!Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis. To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag. We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction. Trade Idea: - Watch for subwave 2 to complete - Once at the top of the structure, watch for rejection - Enter when reversal signs appear - Targets: 1.34 (400pips), 1.31 (700pips) Goodluck and as always, trade safe!
by WicktatorFX
5
USD - a potential turn around from current level..Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could be seeing a reversal here, mixed 'feeling' on USD for now...haha Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
DXY - 4H bullish soonDXY is currently consolidating under a support zone, but from my perspective, this is just a stop-hunting trap. The bottom of the channel is likely to provide strong support for the index. Historically, such setups often lead to a reversal, and the current price action suggests a similar outcome. Additionally, with the US government likely to support their currency before the upcoming election, this could be a critical time to watch for a bounce. It's essential to consider the broader economic and political context, which may drive the dollar index higher, especially if the support holds and the consolidation phase concludes.
TVC:DXYLong
by Sober_Trading
DXY US Dollar Dominance Long-term forecastCurrent consolidation is coming to its end in the end of July 2024. US Dollar buying (= opening short positions) opportunity is open now. August 2024 will mark a major breakout and fast ascend of DXY topping at no higher than 112. Retest will follow bottoming at 105 (possible plunge down to 104) in January 2025. Next move up will happen in the first half of 2025 making Lower high compared to previous high of 112. Super-important month for all markets will not happen before August 2025. This time the world will decide wether it will go into the dark times of Greatest Financial Depression or it will abandon USD. If my forecast of August 2025 - March 2026 takes place, then USD will first nuke the world in 2026-2027 and then in 2027 USD will cease to exist.
INDEX:DXY
by discarding
4
DXY Buy opportunity approaching at the bottom of this Channel.The U.S. Dollar Index (DXY) has been trading within a Channel Down pattern since the May 01 High, which is a technical Bearish Leg inside the long-term Channel Up structure. The price is already very close to the bottom of the Channel Down and with the previous Bearish Leg completing a -2.36% decline, we believe this is the right time to buy again on the short-term. The last mini-rally completed a +2.14% rise so, expecting a similar development, we will target 105.800 (top of the Channel Up on a +2.14% Bullish Leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
Sell GBP/USD Triangle FormationThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970. Target Levels: 1st Support – 1.2910 2nd Support – 1.2874 Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Short
by KABHI_TA_TRADING
1