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Macro View Shows 2-4 Month Max And Then It Starts!Traders, Some rather ominous signs are showing in various markets not least of which includes the U.S. housing market. As you know, we have been periodically tracking the USHMI as a key leading indicator to show us where and when our coming U.S. (perhaps global) recession begins. We are close if we have not already begun, but I imagine there will be no ability for denial in about 2-4 months time. Before then, markets may continue to blow off and I still expect Bitcoin to hit our 85k target. Today we'll review our USHMI chart along with other key charts for further clues mapping future trajectory.
ECONOMICS:USHMIShort
by stewdamus
R2F Weekly Analysis - 8th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! My short-term bias for DXY has switched to bearish. I am looking for a possible lower move on the Dollar Index this week, which should offer some shorts on EURUSD and GBPUSD, the pairs I usually trade. Check out my analysis in the video. I hope you found it insightful. - R2F
Short
by Road_2_Funded
Is It End Road for the BEARS...?Hey Guys! On the larger timeframe of the Monthly, Weekly and Daily, we see this market is bearish. Over the past few days leading into weeks, we have seen the market gravitate to the north to reach higher prices. We are tempted to believe that all of that bullishness was to drive the market into our expected bullish reversal zone. Market price is currently inside our Daily zone. We are looking to see reversals. Where that happens, we will look to trade bearish. In the unlikely event that the market breaks our zone and clears our protected high, we will deem come to the conclusion that the bearish of the daily chart is over, and we will look to trade Bullish on the Daily. Until then, we will hold on to our bearish perspective.
by PanzyPips
DXY H8 - Bullish Signal DXY H8 Not a huge amount of movement during the trading sessions yesterday to start the week. We have seen some big, big moves across the likes of XAUUSD and US30, but not much in the FX space. Really hoping to see something pick up off this 105.000 support region. We have drawn this horizontal black line to highlight this 105.000 handle, and what we would like to see to warrant bullish continuations. The bearish play was instigated last week from the US cluster data, I think this week we shake it off and continue upside towards that 106.500 price.
TVC:DXYLong
by Trade_Simple_FX
XAUUSD analysis for the week 1/07/2024 to 05/07/2024 After touching just above the $2,290 support level on Wednesday, gold prices surged higher intraday. This level has proven to be a formidable support barrier since April, consistently reinforcing itself as the lower boundary of a sideways trading range. This range has encompassed the majority of price action since April, indicating a neutral mid-term outlook. In the short term, gold is likely to continue oscillating within this established range. Momentum indicators provide promising signals: RSI (Relative Strength Index): The RSI has broken above the neutral 50 level, suggesting an increase in buying pressure. MACD (Moving Average Convergence Divergence): The MACD has made a bullish crossover, indicating a potential shift in momentum towards the upside. Analysis Summary: Trend : The recent intraday movement above the $2,290 support level points to a clear upward trend. Momentum: Bullish signals from the RSI and MACD suggest a positive shift in momentum. Strategic Recommendation: Primary Strategy: Buying the dips is recommended, as the strong support level and bullish momentum indicators signal further price increases. Target Levels: First resistance target: $2,337 Subsequent resistance target: $2,348 2362 2377-85 Conclusion: With a clear upward trend, a robust support level at $2,290, and bullish momentum indicators, gold prices are poised to rise. Investors should consider buying on dips, targeting the resistance levels at $2,337 , 2347, 2362, 2377 and 2385.
OANDA:XAUUSDLong
by realmillionairefx
DXY H4 - Buy SetupDXY H4 The dollar index has been steadily climbing since it last reached the significant support level of 104.000. We have observed higher highs and higher lows until recent trade (Friday). The release of NFP/AE and UE figures on Friday caused market volatility, notably impacting XAUUSD. Despite breaking through south of the 105.500 level, we have found some support around 105.000. If 105.000 level holds, we could see a rebound, potentially targeting the 106.500 level once again, which has always been our eventual swing target.
TVC:DXYLong
by Trade_Simple_FX
DXY Seems to be going sideways with a upward biasCurrently, the DXY is touching the 25MA. Usually, price tends to bounce off this line or cross it and test the price action, determining if price should go lower or higher. Here we can see this test play out. With quite a bit of support, it's possible that price will continue to move along this sideways trend. Since the sideways movement is indeed going upward, we want to follow the trend, therefore we are long. Furthermore, the stop loss is set exactly after some lower lows, since breaking below this level would mean that the current sideways uptrend is over and a downtrend has begun.
TVC:DXYLong
by DarkMessiah777
Is Biden quitting the biggest market risk right now? Bloomberg reports that dozens of U.S. House Democratic lawmakers are considering sending President Biden a letter urging him to withdraw from the race. The New York Times confirms this, citing a key Biden ally who reveals that the president understands the fragility of his candidacy following a lackluster debate performance last week. Despite the speculation, White House Press Secretary Karine Jean-Pierre has dismissed these claims as "absolutely false," asserting, "The president said it is absolutely false. That is coming directly from him." President Biden, at least publicly, remains steadfast, confident in his mental sharpness, and in another concerning sign, seemingly perplexed by the ongoing doubts about his capabilities. However, a recent Reuters/Ipsos poll highlights one in three Democrats think Biden should step aside. When potential replacements were considered, former First Lady Michelle Obama strangely emerged as the leading candidate in a hypothetical matchup against former President Trump, with a 50% to 39% lead. Meanwhile, Vice President Kamala Harris trails Trump by a narrow margin of 42% to 43%, indicating her competitive standing is comparable to Biden's. Rep. Lloyd Doggett of Texas has become the first Democratic lawmaker to publicly call for Biden's withdrawal, expressing hope that the president will make the "painful and difficult decision" to step down.
TVC:DXY
by BlackBull_Markets
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
Long
by ArturoL
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