Dow Jones outlookPrice is now at a strong support level, good for looking at reversals to the upside on smaller time frames. If the level holds and forms a pattern, it is an easy buy.
Good Luck and Stay Healthy!
Usindex
S&P-500 - megaphone still can be in playQuite incredible, that despite recent rally in stocks, megaphone setup still remains valid and could be in play for TVC:SPX
For almost two months now index is moving allong resistance and having hard time to break it out to the upside.
Higher levels definetely possible, but I would be more concerned with taking profits and buying protection right now.
US IndexAs I told before, the number of US index is falling very strong and in some weeks later I believe that it will touch the support zone, which created by the last HL in 2018 and changing zone in 2010.
Because of Corona virus and economical issue I believe that if price can not break the support, it will do a time retracement.
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NAS100 - PREDICTIOAgain, a weak dollar has seen tech stocks break the key resistance and once again break the All Time Highs!!
In theory we should now see 13k.
USD/CHF - Bullish Reversal soonElliott Wave Theory suggests that USD/CHF could be completing its major correction soon.
This corrects the entire bullish impulse dated back to Mid 2011.
It is primed for Wave 3 bullish impulse through the next few years, if no corrective combination plays out .
US Index analysis WEEKLYSince the price could break the weekly bearish trend line and now is retesting the zone, we have a demand zone which is respected yet.
So you can long USD pairs as long as this area is respected! One pip below the orange rectangle and the analyze goes poof.
Lucks.
DXY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of DXY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 48 - Nov 23
M > Price dropped till monthly support, faced rejection and started bullish move. After a huge bearish dump we expect price to retrace for correction till at least 0.382 Fib level on month bearish impulse. Price is yet to reach this level. We can also see an M formation, its neck coincides with 0.5 Fib level on monthly bearish impulse.
W > After rejection at monthly support price moved up till 0.5 Fib level on weekly bearish impulse to dropped again. Price has faced rejection at weekly support again creating double bottom. We can also see bullish divergence from W and lower time-frame charts.
D > Price is respecting downward resistance trend-line. We saw an M formation created during US election drop and as expected price moved up to test its neck last week before dropping to test daily support again. We can now expect price to rise up to test resistance trend-line again. An upward move will also create an inverted H & S. We can see an M formation and can expect price to move up to test its neck in Long Term.
As per COT DXY has added both Long and Short, reducing net positions (still in -ve). DXY gained strength during the period however it dropped last week.
4H > Price has faced rejection at daily support and created double bottom. We can expect an upward move.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
US index -DXY analysis 06 Nov 2020Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of DXY
US index -DXY analysis 06 Nov 2020
I hope my analysis will help you in your trading best of luck
share your point of view about DXY in Comment Section , Thanks
TVC:DXY
ICEUS:DXY
INDEX:DXY
USDMXN IDEAUSDMXN pulled back with @20.84508 which we could consider this level as a critical zone , for now my expectation for that pair is rising @21.85864
S&P500 ready to go down down?After the corona recovery we topped back out above previous highs with a small shack off on new price discovery.
As ridiculous of a move as it was it had back bone and was a pretty consistent or strong growth trend, but that shake out broke trend and the second recovery has failed to make a higher high.
So now im purely looking at market structure change and looking at this current short term trend to create a lower low on the daily giving me confidence that the market may finally be starting to shift.
Are we getting ready for a big hit?
DOW JONES - US30 video top-down AnalysisHello everyone, here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DAX-DE30 video top-down AnalysisHello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DXY (USINDEX) buying from Support Level !!!!DXY is ready to fly now @ a string support zone we are expecting more upside move till it achieve our tp
with a small risk and higher rewards it will be great thanks that u push like our idea & follow us for more updates
DXY (USINDEX) SELL MORE ON CONFIRMED BREAK!!! as we see even a mixed data cant help $ its dipping in the sea and will dip more as we expected on this bearish trend continues to big support zone
friends if you like our idea push like and for more updates u can follow us keep supporting and stay up to date with new analysis
DXY (USINDEX) buying from Support Level !!!!Hello traders as we know the DXY has move toward testing a strong support on this retrace after a successful breakout from consolidations mode
bulls are doing great for moving DXY more upside so we decided we will enter on buying orders from the given support level on confirmation and
aiming for higher rewards with low risk push like if you like our idea
consolidation & rejection setup acutely we still on the rote of prevues analysis , we have consolidation area we expect that price will rejection by support level and will rise to break the triangle to reach the resistance level as shown on the chart
