easyMarkets DXY Daily - Quick Technical OverviewLooking at the recent technical picture of the US Dollar index, we can see that from around the beginning of March, the index is trading within a falling wedge pattern. According to the Technical Analysis (TA) rules, such patterns tend to be bullish indications. However, in order to get comfortable with that idea, a break of the upper side of that formation would be needed. If that happens, more buyers could join in and possibly push DXY towards the 50-, 100-, or even the 200-day EMA.
That said, as long as the upper side of the falling wedge remains intact, the trend could remain to the downside.
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Index
US30(Dow Jones) : Short Trade , 4hUS30 sell Entry : 32459
Stop : 33209 , Target1 : 31724 , Target2 : 30960
Risk/Reward Ratio : 2
NAS100$NAS100USD After looking at QQQ and it breaking through the "Gap Fill" to the upside and the DXY being weak i'm looking for NAS100 to also continue to move to the upside.
My bias is long.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
NAS100: Short Trading Opportunity
NAS100
- Classic bearish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Short NAS100
Entry - 12504.35
Stop - 12682.75
Take - 12201.49
Our Risk - 1%
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DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index.
A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward.
A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards.
These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively.
Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence.
When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low.
If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support.
Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance.
It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques.
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JPN225 Index: Long Entry Opportunity after Touching ResistanceGreetings, fellow traders! Today, we'll take a closer look at the JPN225 index . On the four-hour timeframe, we can see that the index has recently touched its resistance level and is now retracing. This presents a potential opportunity to enter a long position in anticipation of a bullish move. My analysis suggests that the index is likely to continue its upward trend soon, providing a profitable trading opportunity.
As always, we remind our readers that this view is for educational purposes only and should not be taken as trading or investing advice. We recommend consulting with a financial advisor before making any investment decisions. Remember, in trading, price is the king of the market.
Thank you, and happy trading!
Regards,
Alpha Trading Station
SPX: Growth & Bullish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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Gold Spot (XAUUSD) Likely To Break Below Support... ($1690)Gold Spot (XAUUSD) is now testing the ~$1850 support level... This level is likely to fail.
Our focus goes to cryptocurrency, Bitcoin but mainly Altcoins...
We are seeing Gold, BTC, and the SPX moving in many similar ways.
Here XAUUSD is testing a support level that is likely to break.
On this correction/drop, we are likely to see $1690 as the final support level before more up...
We have chances of seeing higher prices right away but I don't think this is how things will go.
We will have a very nice/strong correction for a few months and then Gold, Cryptocurrency, Bitcoin, and the Altcoins will again move up strong.
Namaste.
US30: Long Trading Opportunity
US30
- Classic bullish setup
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy US30
Entry Point - 31826
Stop Loss - 31193
Take Profit - 32777
Our Risk - 1%
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SPX: Bulls Will Push :
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SPX pair which is likely to be pushed up by the bulls so we will buy!
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ROKU ROKU - Where Are You? 🔍 Analysis #32/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
ROKU is stuck inside a range around support and round number 50.0 so we will be looking for buy setups on lower timeframes.
on DAILY: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray around 75.0
Meanwhile, until the buy is activated, ROKU can still trade lower till the 50 support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US30: Short Trade Explained
US30
- Classic bearish pattern
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Sell US30
Entry - 31963
Stop - 32647
Take - 30935
Our Risk - 1%
Start protection of your profits from higher levels.
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NAS100$NAS100USD/QQQ are relatively the same pair and since that's the case i'm basing my bias off of the movement of the DXY which was bullish and is now becoming bearish.
When one goes up the other goes down and vice-versa.
I'm looking for NAS100 to move to the upside.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
SPX500USD: Will Keep Falling! The Next Goal is:3791.1
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPX500USD pair price action which suggests a high likelihood of a coming move down.
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Quick Market Scan with some Trade ideasGood evening fellow ones
We have been having an interesting start to the week, with precious metals and crypto pumping to new higher highs. In this quick scan, I will be talking about the current market shape and what my thoughts are on market development in the coming days or weeks.
We will be covering the following assets:
- Gold with an analysis
- SP500 with an analysis
- Bitcoin input
Please make sure to leave a like or comment if you enjoyed this vid. Would be greatly appreciated!
All the best
CH