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Optimal US30 Entry: Capitalizing on Weak USD Amid Soft InflationHello Traders, In today's trading session, we are closely monitoring the US30 (Dow Jones Industrial Average) for a potential buying opportunity around the 38200 zone. The Dow Jones is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 38200. This level has historically acted as a significant pivot point, making it a strategic entry point for long positions. From a fundamental perspective, we are considering the negative correlation between the USD and the Dow Jones. The USD has been weakening following a series of soft inflation data. Yesterday's CPI report came in lower than expected, and the Federal Reserve adopted a dovish stance during the FOMC meeting, further easing monetary policy. Additionally, today's PPI data also came in softer than anticipated, reinforcing the trend of easing inflation. This series of soft inflation readings is expected to weigh heavily on the USD, as lower inflation reduces the need for aggressive monetary tightening by the Federal Reserve. A weaker USD is generally bullish for equities, including indices like the US30, as it enhances the appeal of US assets to foreign investors. Given these fundamental factors, the 38200 zone presents a decent support zone for the US30. Trade safely, Joe
BLACKBULL:US30Long
by JoeChampion
5
DOW JONES Bottom next week. 42k long-term Target.Dow Jones (DJI) is about to close a red 1W candle, staying flat basically for the 3rd week in a row. May's Double Top on Resistance 1 (40075) technically calls for an approach attempt on Support 1 (37250) but that doesn't invalidate the long-term bullish technicals as the pattern is a 1.5 year Channel Up. As a result, with the 1W MA50 (blue trend-line) supporting since the week of October 30 2023, closing in towards Support 1, we expect a bottom to be formed next week when the 1W RSI makes a Lower Low. As you can see, the last 3 long-term buy opportunities have been when a 1W RSI Channel Down (blue) made a Lower Low. Our long-term Target for Q4 is 42000 (just above the 0.786 Fibonacci Channel level). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
XAUUSD NFP ANALYSIS AND TRADE LEVEL 7-6-24 (2)XAUUSD NFP DAY ANALYSIS 7-6-24: Spot Gold Prices and Market Movements Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed. Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024, is highly anticipated. Gold trading is expected to be cautious, with high trade volumes and significant numbers. Market Closures: On Monday, the markets in China and Australia, which have a substantial influence on gold prices, will be closed due to holidays. Influencing Factors US Dollar and Treasury Yields: Several factors, such as hawkish Federal Reserve expectations, have revived the demand for the US Dollar across the market. Treasury bond yields have rallied to multi-week highs. GDP Data and Jobless Claims: Thursday’s revision of GDP data from 1.3% to an estimated 1.6% suggests that jobless claims might increase, which could put pressure on the Dollar. This could affect gold values, potentially pushing them back to the $2,380-$2,400 range. Heading towards NFP show as of writing XAUUSD SPOT GOLD Prices are crashing to $2338.45 cmp now and as mentioned in our last NFP the factors influencing gold on NFP day This helped gold price attempt a modest comeback, having incurred steep losses on Wednesday. A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing gold price. Fundamental Which Might Affect XAUUSD:7-6-24 NFP Scenarios Friday: • 150,000 or Less: Could trigger USD selloff, boosting gold. • 200,000 to 250,000: May keep focus on inflation without major USD impact. • 250,000 or More: Could lead to Fed rate cut, driving USD rally and gold drop • Crucial jobs report for May. April’s NFP increase led to USD selling pressure. Upcoming Influences: The future of gold prices hinges on the forthcoming US Core PCE inflation data, due later in the American trading session on Friday. The Core PCE Price Index is anticipated to rise by 2.8% year-over-year in April, maintaining the same pace as observed in March. If the Core PCE price index exceeds expectations, it could delay anticipated aggressive Federal Reserve rate cuts. This situation tends to strengthen the US dollar while exerting downward pressure on gold prices. Conversely, if the Core PCE price index shows unexpected softness, it may increase the likelihood of a Federal Reserve rate cut in September, potentially driving a further increase in gold prices. Depending on forthcoming economic indicators, US inflation data might propel XAUUSD into the $2288-$2250 Range or $2400-$2450 range Technical Level and Analysis: Buy at:$2323.69-$2306.23-$2286.23-$2261.91 Sell at :$2388.31-$2400.67-$2425.41-$2447.34 ⚠️Warning: Do not risk more than 5% of your capital, you might lose your money 🔴Technical Status: XAUUSD: 📌 D1 SMA100-P (2260.90) Buy 🔺 H4 SMA100-P (2368.74) Sell 🔻 H1 SMA100-P (2347.88) Sell🔻 H4 SMA200-P(2351.01) Buy🔺 RSI(14): Status: Oversold STOCHRSI(14): Status: Oversold ROC: Status: Buy William%R: Status: Buy ATR(14): Status: Buy SOC: Status: Neutral ⚠️Ongoing Geo-political Tensions: ‼️ Israel – Iran Russia - Ukraine US-China Relations Middle East Instability Taiwan-China Relations
OANDA:XAUUSD
by sagaahhelite
TSLA : First Bearish Target Reached , What's Next ? (Fall More?)Upon reviewing Tesla's stock chart, we see that the price hit its initial target of $168 and even corrected down to $167. Following the release of yesterday's CPI data, the stock saw renewed demand and is currently trading around $177. Prediction : After a brief upward movement, I anticipate the stock will face another decline. Note : All other assumptions from the previous analysis remain valid. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
3
US30 / DJ30 / DJI Market Robbery Plan to heist moneyMy Dear Robbers / Traders, This is our master plan to Heist (US30 / DowJones30) based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought & Oversold / Consolidation / Trend Reversal at the level Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:US30
by Thief_Trader
DOWJONES US30 Multitimeframe analysisUS100 and 500 are almost completely the same with this analysis ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
CAPITALCOM:US30Long
by Yelli_trades
5
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone. The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further. Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
CAPITALCOM:US30Short
by Sober_Trading
NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC NASDAQ Index is currently consolidating within a horizontal range. Most likely, the market participants are waiting for the FOMC tomorrow. Depending on the reaction of the market to the boundaries of the range, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 19115 the resistance of the range, with a high probability, a bullish rally will continue. Bearish Scenario If the Index breaks and closes below 18880 the support of the range, it may initiate a correctional movement. I think that US100 may keep being weak before the news release. Let's see what direction the market will choose tomorrow. ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
1
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279
OANDA:US30USD
by RojBarwari
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index is currently exhibiting a range-bound behavior on the four-hour time frame. Essentially, it has been oscillating within a specific price range. Now, the interesting part is that this range-bound condition opens up potential trading opportunities in either direction. The movement of the US30 is closely tied to the strength of the US dollar (represented by the DXY index). Here’s how it breaks down: If the US dollar gains further strength, we might witness a bearish move in the Dow Jones. Conversely, if the US dollar retraces significantly (especially considering its current overextended bullish state), strength could flow back into the US30. Our primary focus right now is on a breakout from this range. Keep an eye on two critical levels: High of the Range: A decisive break above the upper boundary of the range could signal a bullish move. Low of the Range: Conversely, a breakdown below the lower boundary might trigger a bearish move. Remember, this analysis serves informational purposes only. As a trader, always make independent decisions based on your risk management strategy. Happy trading! 🚀📈 And, of course, keep in mind that this content does not constitute financial advice. 🛡️🌟
FOREXCOM:US30
by fxtraderanthony
XAU/USD : Possible of Growth ? Let's See ! By analyzing the #gold chart in the 2-hour time frame, we can see that the price has finally dropped below the $2,300 level and reached the demand zone at $2,288. As you can see, the initial reaction to this level has been positive. Only if the price stabilizes above the $2,277 to $2,288 range can we expect further short-term growth in gold. With the significant drop in gold, a large FVG (Fair Value Gap) and LV (Liquidity Void) have been created, which I expect will be filled in the medium term. The expected return of this analysis is a minimum of 40 to 100 pips, and in the best-case scenario, up to 700 pips. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
9
US30 (Sensitive movements)Technical Analysis The price movement will be influenced by the Non-Farm Payroll (NFP) and Unemployment rates. Based on current expectations, the price is likely to exhibit a downtrend, though the market may experience random fluctuations. There is a possibility for a retest up to 38,790, followed by an upward push towards 39,050. Bearish Scenario: If the price breaks below the support level at 38790, it could decline to 38580. Sustained trading below this level may lead to a further drop to 38400. Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050. Pivot Line: 38790 Resistance Levels: 39050, 39350, 39700 Support Levels: 38580, 38400, 38290 Today's expected movement range is between the support level at 38400 and the resistance level at 39350 Summary: Downtrend Expected: Market influenced by NFP and Unemployment rates. Potential Retest: Price may rise to 38,790. Upward Movement : Post-retest, the price could push up to 39,050. previous idea:
OANDA:US30USDShort
by SroshMayi
Trade Like A Sniper - Episode 20 - DJI - (6th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing the Dow Jones Industrial Average Index (DJI), starting from the 6-Month chart.
TVC:DJI
by Road_2_Funded
APPLE (AAPL)Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment 40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too Apple price showed a good reaction to 135 support and now heading to 149, for Scalpers breaking 150 resistance can be a good long opportunity and for investors AAPL still can back to 125$ levels so there is no reason to fomo
NASDAQ:AAPLLong
by moonypto
2
Dow Jones - All time high and 20% rally?Hello Traders and Investors, today I will take a look at the Dow Jones . -------- Explanation of my video analysis: For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel. -------- Keep your long term vision, Philip (BasicTrading)
DJ:DJILong
by basictradingtv
7
DowJones US30 / DJ30 Bullish Money heist planMy Dear Robbers / Traders, This is our master plan to Heist US30 Dow Jones Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Resistance & Order Block, So the Market is overbought / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:US30USDLong
by Thief_Trader
How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session. I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades. Still, both were tradable and produced some good scalps although the action had to be recognised early. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
2
DOW JONES The bleeding may not be over. How low will it go?On our last Dow Jones (DJI) analysis (May 24, see chart below), we called for the high probability of a bearish break-out below the Channel Down, following the 1D MACD Bearish Cross (similar to April 02): As you can see, Dow delivered, so our 38350 Target got hit, with minimum losses on the buy position at the bottom of the Channel Up. Yesterday's rejection on the 1D MA50 (blue trend-line) though, is far from ideal and opens the way for more downside. The chart shows DJI's long-term pattern, which has been a Channel Up since the October 03 2022 market bottom. The periodic corrections through Bearish Legs have both declined by -9.25%, a striking resemblance indeed. Yesterday's 1D MA50 rejection basically resembles those of the past Bearish Legs on March 06 2023 and October 17 2023. Ahead of the 1D MA50/ 100 Bearish Cross, which could be completed by tomorrow, there is high probability for a deeper Low, at least as Low as Support 1 (37250). This would be ideal as it would also make contact with the 1D MA200 (orange trend-line) for the first time in 7 months (since November 03 2023)! After that though, we will turn into long-term buyers again, even though that wouldn't complete the -9.25% decline of the previous Bearish Legs, but in terms of R/R would be acceptable enough to aim for 40000 before the Channel Up goes for a Higher High. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot