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Market indices

Dollar index remains under 105.00The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July. From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the support is not enough, the index could continue up to 102.00. Maybe this pullback will be short-lived, and we will see a return to the bullish side again. We will be looking at a jump from 105.00 to a new four-month high.
TVC:DXY
by Aleksin_Aleksandar
DOW 41k, YOU'RE GONNA WANNA PAY ATTENTION TO THIS PRICE TARGET41k is a massive resistance price target meaning, it is likely to hit allowing exits at profit. If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets. If it were to do that sooner rather than later, it allows for a more natural growth in the price. Meaning, there is a lot of potential to see the price melt up from 41k and then keep going. OR more likely, there is a lot of potential to see a drop, possibly even a steep drop from 41k. Either way, the downside takes us around 20% and then as high as 40% down from 41k. I included 9k as a potential target, but I don't think we see baring a nuclear bomb being set off on the moon, but anything is possible. All in Mark Cuban, Sold stake in Mavs Jeff Bezos, Sold Amazon stock Warren Buffet, Sold Apple Ryan and Carl, Buying BBBY Multiple sports teams for sale, sold or being shopped Massive deals everywhere If you need any more signs that a top is near, with potential to crash hard allowing for a buy the dip scenario. Here is a small sample of it.
DJ:DJI
by nicktussing77
1
WHYKOFF SCHEMATICSMarket is accumulating get ready for the uptrend. The Wyckoff market cycle phases are accumulation, markup, distribution, and markdown. Essentially, the phases represent the behavior of traders and can reveal the direction of a stock’s future price movement. Generally speaking, the accumulation phase forms as institutional investors increase their buying and drive demand. As more interest develops, the trading range displays higher lows as prices position themselves to move higher. With buyers gaining power, prices push through the upper level of the trading range. At this markup phase, a chart will show a consistent upward trend.
NSE:NIFTYLong
by bhashyandchenoth
1
Indices Surge Following Trump's VictoryIndices Surge Following Trump's Victory Today the US100 rose by almost +1.80% from 20230 to 20600. This upward movement started by Trump's victory. Donald Trump was elected president, marking a remarkable comeback four years after being voted into the White House and bringing to the fore a new American leadership that is likely to test democratic institutions at home and relations abroad - as reported by Reuters Investors are betting that a Trump presidency could bring tax cuts. Indices rose to their highest levels and the US100 could do the same soon. If the price manages to rise above it's higher price level near 20759 then US100 should rise further as shown on the chart. Targets: 🎯 20875 🎯 21215 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CAPITALCOM:US100Long
by KlejdiCuni
6
Hellena | SPX500 (4H): Long to area 5915 (Wave 5).Dear colleagues, I believe that the upward movement is not over yet and the end of the movement in wave “5” is ahead. At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915. Then we will look for a short trade entry, but for now all my thoughts are only on long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
31
Nasdaq Outlook: 07-NOV-2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills. #Nasdaq #StockMarket #Trading #Investing #DayTrading #SwingTrading #TechnicalAnalysis #MarketAnalysis #FinancialNews #WallStreet #NasdaqToday #NasdaqAnalysis #NasdaqTrading #StockMarketNews #MarketTrends #InvestmentStrategies #FinancialMarkets #TradingTips #NasdaqForecast #MarketInsights #Nasdaq100 #TechStocks #GrowthStocks #IndexFunds #ETFs #StockMarketAnalysis #TradingStrategies #RiskManagement #InvestorEducation #FinancialLiteracy #EarningsSeason #FederalReserve #EconomicIndicators #MarketVolatility #GlobalMarkets
PEPPERSTONE:NAS100
by DrBtgar
Nifty Bank Index Analysis (30-Minute Chart)Key Observations: 1.Fibonacci Retracement Levels: The chart shows a clear downtrend from around 54,497 to the recent low near 50,279. Key retracement levels include: 23.6% Retracement : Around 53,497, indicating minor resistance. 38.2% Retracement : Near 52,882, a level that has acted as resistance multiple times. 50% Retracement : Around 52,385, which has been retested recently. 78.6% Retracement is seen at 51,180.8, a key level of support. 2.Moving Averages (MA): The 30-minute chart shows price movement interacting with multiple MAs. The 200-period MA is an essential indicator of trend direction and resistance/support. Shorter MAs like the 20 and 50 periods can highlight entry points during trend reversals. 3.Support and Resistance Levels: Resistance: 52,389.90 and 53,497.15. Breaking these could signal bullish momentum. Support: 51,195.90 and a lower support at 50,279.50, which marks the recent low. 4.Trendline Channels: The index is moving within a channel, with an upward support trendline. The price respecting these levels might suggest range-bound movement with breakout potential. 3.Volume Analysis: Recent volume spikes align with price testing key resistance levels, hinting at possible rejection or continuation if volume sustains.
NSE:BANKNIFTY
by AngshumanSaikia
Bearish drop?DAX40 (DE40) has reacted off the pivot and could drop to the 1st support. Pivot: 19,127.24 1st Support: 18,954.73 1st Resistance: 19,280.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DShort
by ICmarkets
1
BNF SPOT- Blue Print for 07-NOV-2024Pivots Analysis. l Monthly Pivot - LV Relationship l Weekly Pivot - HV relationship l Daily Pivot - LV Relationship - l Pivot Width Analysis - Trending day - 0.35 Key levels. l PDH/PDL - Done. l PD Turning Points - Done l PD Supply and Demand Zone (1HR TF) - Done l Swing High/Low - Done l Gaps - Done l Virgin CPR - None SUMMARY Trading Plan 1. Bullish trade if there is a positive price action above 52230 level, stop at 52130 with target at 52380 2. Bullish trade is there is a positive price action above 52400 level, stop at 52300 with target at 52550 3. Bearish trade if there is a negative price action below 52400 level, stop at 52500 with target at 52250 4. Bearish trade if there is a negative price action below 52230 level, stop at 52330 with target at 51090 (51100) Two rules that I follow religiously while trading ► Don’t trade until 9:30, unless it’s a trending day. ► Once you Reach 1:1 RR ratio move your SL to cost and book 50% if you are a conservative trader. This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise. Bonne chance!! FoxStox Wealth Management (Abhishek)
NSE:BANKNIFTY
by FoxstoxWealth
Nifty could form an Open = High Daily Candle todayIf Nifty forms an Open = High Daily candle today by EOD, i.e. a totally Bearish Red candle, this means the sentiment on Nifty is pretty clear for further downside to be taken on a Swing basis. The criteria is that by 15:20 or so Nifty should be around 24,300 or below that level. If that happens, a Swing / Positional short trade can be taken for November monthly Expiry for a Target to 23,550 zone. Entry should be preferably made in the closing 5 minutes of the day subject to above conditions being fulfilled.
NSE:NIFTYShort
by Sky_Tracer
NIFTY 50 & BANKNIFTY Prediction: 07 November 2024Nifty shows the confirmation of a bullish piercing candle. Banknifty forms the like of a doji candle. It is on the trendline from where rejection may be possible. Nifty has big resistance at 24500 and 24800 and it didn't have any strong support nearby ATM. Banknifty has resistance at 52500 and 53000 and support at 52000. Option Chain: Nifty has resistance at 24500 around 100 Cr contracts exist. Even after yesterday's rally a large amount of contracts have been added in call side at 24500. Which shows bearishness in the market. Banknifty has some resistance at 52500 and 53000. The new fresh contract has also been added at this level. PCR: The overall PCR of Nifty is 0.85 and the nearby ATM is 0.59 --> Bearish view Banknifty overall PCR is 0.83 and nearby ATM is 0.73. --> Neutral OI Data: FII betting on a neutral market. Pro shorts calls of 4.75 L and shorts puts 3.6 L. Client shorts put 7.5 L and shorts call of 1.6 L. Future Data: FII sold 482 Cr future which shows a bearish view. FII Stock data: Even aftermarket shows a rally, FIIs still sell the future 4450 Cr future which shows that the market may go down. --> Bearish Trade: A bearish move may be possible and it may be continued.
NSE:BANKNIFTYShort
by mayankkumar8520