Dow Jones ready to jump read the caption Dow Jones The index is drifting lower from its record high seen on Monday, but with no sign yet of a more significant move lower.The continued barrage of earnings may act to drive the price downwards, in which case last week’s lows around 37,200 may provide support. Below this, the 50-day simple moving average (SMA) becomes the next area to watch.
A close back above 38,001 leaves the index on course to hit new highs.
Forex-trading
Btc confirm analysis read the caption Btc The technical picture now is more bearish as the decline from the 20-month high reached two weeks ago has continued, with the price trading above the big round number at $40,000 and breaking above some resistance levels which have now likely flipped to become resistance.
Despite this bearishness, over the past couple of days the price has firmed up and established a couple of higher lows and support levels. However, the price chart below shows that the price is well within a bearish price channel, although the lack of symmetry in the channel suggests that it may not be very reliable. Nevertheless, there is a confluence of the upper trend line of this channel with a zone of resistance stretching from $40,423 to $40,667. This looks likely to be a great place to enter a short trade if we get a bearish reversal rejecting that area.
Eurusd expected move read the caption Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data.
The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies complained about inflation and supply chain issues. In Europe, the manufacturing PMI rose to 46.5, better than the expected 44.7. Despite the improvement, it remained below 51, meaning that the contraction phase continued.
Gbpusd confirm buy pattern read the caption Gbpusd pulled back slightly after the flash UK and US manufacturing and services PMI numbers. The pair retreated to a low of 1.2729, a few points below Wednesday's high of 1.2777.
S&P Global published strong economic numbers from the United States and the UK, signaling that the two countries started the year well.
In the UK, the manufacturing PMI rose from 46.3 in December to 47.2 in January, higher than the median estimate of 46.7. Similarly, the services PMI jumped from 53.5 to 53.7 in January while the composite PMI rose to 52.4. These numbers came a few days after the Office of National Statistics released higher inflation but weak retail sales data.
Dollar Index (DXY): Bullish Price Action 💵
Dollar Index retested a recently broken horizontal structure on a daily.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.
We can expect growth today.
Next resistance: 103.5
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Usoil follow the trendline read the caption It has been an unpleasant month for oil traders. Crude oil has risen $3 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading.
Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain high.
However when you back it out, the chart starts to look promising. A series of higher lows began on December 14 and oil is now trading at a five-week high. If $76.16 breaks, it will be an six-week high.
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD.
Resistance 1: 1.0898 - 1.0922 area
Resistance 2: 1.0973 - 1.1000 area
Resistance 3: 1.1106 - 1.1140 area
Support 1: 1.0793 - 1.0848 area
Support 2: 1.0724 - 1.0760 area
Consider these structures for pullback/breakout trading.
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eurusd rainfall coming read the caption eurusd downtrend
The 50-period EMA at 1.0895 acts as an immediate resistance level for the major pair. The crucial upside barrier will emerge at 1.0915, portraying the confluence of the upper boundary of the Bollinger Band and the 100-period EMA. The next hurdle is located near a high of January 15 at 1.0967, and finally at the 1.1000 psychological round figure.
The major support
eurusd lower and more lower
Dxy waiting for confirmation read the caption Dollar Update: sideways if break this area then go down otherwise go up wait for confirmation
Now This Is Decision Area ANd YOu Can See Down Below Both Price Action
If Dollar Make 2 Consolidation With Slow price action ups than down it could be good for bullish Other See Type Of Correction If Get decent Correction it will drop again
key Point: If Rise With Volume It
WIll Also Good For rise
Eth bouncing area read the caption U.Today - Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 100-day Exponential Moving Average (EMA), a key indicator of uptrend momentum, is under threat. If this level fails to hold, Ethereum could see its value dump to the $2,447 mark, a scenario that may well trigger a more pronounced decline.
Btc ready to jump read the caption The 4H chart shows that the BTC/USD pair has been in a strong bullish trend in the past few days. It remains below the 50-period and 25–period Exponential Moving Averages (EMA). The pair has also dropped below the Ichimoku cloud and the lower side of the Donchian channels. Also, the Relative Strength Index (RSI) has moved below the oversold point.
Therefore, the pair will likely have a dead cat bounce and retest the resistance at 45.000 and then resume the uptrend trend.
Gold soon on the moon read the caption Gold price (XAU/USD) attracts some buying during the early European session and turns positive for the second more expected buy when European session active successive day on Wednesday, albeit lacks follow-through and remains in a multi-day-old trading range above the $2,040-$2,052 zone. Traders pushed back their expectations for the first interest rate cut by the Federal Reserve (Fed) to May from March in the wake of a still-resilient US economy. This, along with the underlying bullish tone around the equity markets, turns out to be a key factor acting as a headwind for the non-yielding yellow metal.
s&p fall then bounce read the caption s&pTurning to technical analysis, the S&P 500 established a fresh record in late December, only to retrench and lose its grip on the gains in the days that followed. Last week, the equity index staged a moderate rebound and tried to rally back to its recent highs but was quickly slammed unexpected lower, it's more lower expected then rise forging in the process what appears to be a double top, a bearish technical configuration.
Gold struggle to selling read the caption Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
XAUUSD BULLISH Biased on 23-01-2024🏦 Signal 2:
✅ XAUUSD/GOLD BUY STOP NOW @ 2027.25-2026.25❗️
Sl : 2025-2023.5
Tp1 : 2033
Tp2 : 2035
🏦 Signal 3:
✅ XAUUSD/GOLD BUY NOW @ 2025-2022❗️
Sl : 2022-2020 , -30/-20 pips
Tp1 : 2030, +75 pips
Tp2 : 2033, +85 pips
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Crude oil target read the caption Crude oil WTI) expensive prices hit a one-month high of $75.42 on Monday after it was reported that Ukraine attacked a Russian fuel terminal drones, according to reporting by the BBC and the Journal.
Global energy markets continue to get unnerved by the increasing potential for supply constraints as a successful Ukraine attack on Russian oil infrastructure highlights how easy it is to topple wide-reaching energy supply chains.
GBPUSD Top Down Analysis January 23, 2024Top-down Analysis.
In this video, we take a close look at the GBPUSD to find out where it is going. Using a top-down analysis, we have examined all possible directions of price movement in the short term and long term, respectively.
We are expecting to catch a down move that will give us a potential of 147 pips in profit if it goes our way.
EURUSD follow the bearish trend read the caption EURUSD 1 hour
On the 1 hour chart, we can see more closely the recent price action at the support zone and we can see that in the APAC session the price don't broke through the trendline, which might be a good omen for the sellers. In fact, if the price were to break further through the support, then the breakout would be confirmed, and the seller will likely pile in more aggressively to extend the rally into the 1.10 level. On the other hand, if the price were to erase the entire rally and break below the counter-trendline, then a fakeout would be confirmed and that’s generally a reversal pattern.