US500: Will Keep Falling! The Next Target is:
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 US500 pair which is likely to be pushed down by the bears so we will sell!
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Index
US100: Long Trade Explained
US100
- Classic bullish formation
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long US100
Entry - 13223.9
Stop - 13139.6
Take - 13350.3
Our Risk - 1%
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Nasdaq -> Short Squeeze ComingHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 just recently perfectly broke above and with last week's candle already retested and rejected a quite obvious previous weekly resistance area at the HKEX:12 ,800 level.
You can also see that as we are speaking, Nas100 is approaching the next major weekly structure area at the HKEX:13 ,600 level which was acting as quite strong resistance in the past, so from a weekly perspective I am now just waiting for another rally to retest the next resistance before I then do expect a short term correction towards the downside.
On the daily timeframe you can see that with Friday's candle, the Nasdaq perfectly broke and closed above a previous daily resistance area at the HKEX:13 ,100 level - all of this previous resistance is now turned support so I am just waiting for a retest and bullish confirmation before I then do expect another impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
DXY Will Go Down! Sell!
Hello,Traders!
DXY is trading below the
Falling resistance line and
After another retest
We are seeing a bearish
Reaction so I am locally
Bearish biased and I think
That the price will go
Further down
Sell!
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Check out other forecasts below too!
DAX Will Go Up! Buy!
Hello,Traders!
DAX is trading in a strong
Uptrend and the price
Broke a key level of 15,700
Then consolidated above it
For a while and it seems that
It is ready to go further up
So IF we see a breakout
From the consolidation
Then a strong move up
Will follow
Buy!
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Check out other forecasts below too!
DXY: Long Trading Opportunity
DXY
- Classic bullish formation
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Buy DXY
Entry Point - 101.873
Stop Loss - 101.380
Take Profit - 102.608
Our Risk - 1%
Start protection of your profits from lower levels.
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DXY - US Dollar should riseWe've just had a decent pullback and now we could get the bounce.
The US fiscal flows have gone into surplus. What does that mean? It means the US Treasury is taking more out of the system than they put in. This means they are taxing more than they are spending.
When a government taxes they destroy the currency. This means there are fewer dollars in the system than in March and we could go back to the Late September levels. Fewer greenbacks in the system could mean the scarcity effect increases what people are willing to pay. There is also the coming rate hike in a couple of weeks' time.
DXY: Short Trading Opportunity
DXY
- Classic bearish pattern
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Sell DXY
Entry - 101.341
Stop - 101.694
Take - 100.810
Our Risk - 1%
Start protection of your profits from higher levels.
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