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Dow Jones (US30): Very Bullish Forecast For Next Week Hey traders, As I predicted, US30 bounced nicely. The price formed an inverted head and shoulders pattern (classic reversal pattern) and broke its neckline on Friday. It looks like it's time for a correctional movement. I expect a bullish continuation to 32400. Have a great and wonderful weekend, traders! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
6
MarketBreakdown | Dow Jones (US30), BTCUSD, EURGBP, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ Dow Jones (US30) - Monthly time frame 📈 After a sharp bearish rally, the market reached a solid monthly demand area. 28600 - 30000 is a very important historical zone. I assume that soon we will see a correctional movement and the index may retrace. 2️⃣ Bitcoin (BTCUSD) - Monthly time frame ₿ It looks like the market finally found a strong support. The market stopped falling once it reached the high of 2017 and it looks like we will see a correctional move soon. 3️⃣ EURGBP - Daily time frame 🇪🇺🇬🇧 The pair is steadily growing within a rising wedge pattern. For now, its support serves as the resort for buyers to buy from. However, wedge pattern by itself is a bearish pattern, so I am waiting for its breakout to short. 4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭 As I predicted, the pair dropped nicely. Ahead is a major monthly demand area. 1.16 - 1.1745 is the area from where I will expect a retracement. ❤️ If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
1
Learn What is U.S. Dollar Index (DXY) 💵💲 Hey traders, I share my analysis, signals and forecasts on Dollar Index occasionally. Quite often I receive questions from you asking me to explain what exactly that index means and why it is so important. Dollar Index (DXY) is a measure of the value of the United States Dollar against a weighted basket of major currencies. This basket consists of 6 following currencies: 🇪🇺Euro (EUR) - 57.6% share 🇯🇵Japanese yen (JPY) - 13.6% share 🇬🇧Pound sterling (GBP) - 11.9% share 🇨🇦Canadian dollar (CAD) - 9.1% share 🇸🇪Swedish krona (SEK) - 4.2% share 🇨🇭Swiss franc (CHF) - 3.6% share The selection of the following basket of currencies and their weight is determined by the significance of a trading partnership between the countries. The index value is calculated with the formula: USDX = 50.14348112 × EURUSD ^ -0.576 × USDJPY ^ 0.136 × GBPUSD ^ -0.119 × USDCAD ^ 0.091 × USDSEK ^ 0.042 × USDCHF ^ 0.036 The index was launched in 1973 and had an initial value of 100. When the U.S.D is gaining strength against the above-mentioned currencies, the index is growing, while its weakness against them leads to a decline of the index value. To conclude, the Dollar Index reflects a fair value of the Dollar and its dominance in global markets. Its analysis may help to make more accurate predictions of the future direction of the dollar related instruments. Do you analyze DXY? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
12
DAX Index: Be Prepared For a Breakout Trade What a bearish rally on Dax Index: for the 4 consecutive days, the market is falling sharply. Ahead is key horizontal support. I will be waiting for its bearish breakout to short the index. Next support will be 12550. Remember that you need a daily candle close below a blue support to confirm a breakout. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
XETR:DAXShort
by VasilyTrader
3
Dow Jones Index (US30): Key Levels to Watch Next Week 📈 What a bearish week for Dow Jones. After a long-lasting consolidation, the index dropped again. Here are key levels for you to watch next week: Support 1: 30564 - 30742 area. Support 2: 2945 - 29864 area. Resistance 1: 33275 - 33475 area. Resistance 2: 35263 - 35530 area. Look for breakout/pullback trade from these levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
8
Dow Jones Index (US30): Important Structure to Watch Next Week Hey traders, If you are looking for shorting opportunities on US30, definitely watch 32500 - 32800 structure next week. It looks like the price is preparing for the second test of that area. If bears break that to the downside and we close below that on a daily, the index will most likely fall sharply to 31260. Wait for a breakout and then trade. Good luck and have a great weekend. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
6
DOW JONES MOON ENERGY??Hi Traders, I'm taking a look at US30 (Dow Jones) Price has broken into a new range on the 27th of May and has been able to remain above. We can also see that price has been respecting the support this far. If the support is able to hold we could find long positions on the pair. I would like to see more rejection of newfound support before I will be entering a buy. If price is able to push above and start showing strong bullish signs I will be long till 33465. at that point, I will secure 90 % of my positions and leave 10% to run. Remember, Price does not have to do anything, We can only react to what price has done. Happy Trading Renaldo Philander
ULong
by Tradebudz