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DJI will have some hurdles next week.Hello Friends! I believe DJI has more downside. Currently, it’s trading in the channel that was developed in 2009 to current. Week of June 13th it tested the bottom of the channel at 29653. Now it’s approaching strong resistance at 31533. Going into next week I think any negative news can push this out of this channel and on its way to test the 28495-28902 gap. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
DJ:DJIShort
by MoneyFishing
DXY pushing down all other assets.Hello, dear TradingView members. This idea is a DXY analysis. As we can see on the chart: U.S. Dollar Currency Index broke resistance a little after The Federal Open Market Committee. We are about to see an ascending move in the USD value and a fall in any other known asset in pairs of dollars. For example, USOIL went under $100, and BTC and EUR are both experiencing a downtrend. I have shown you two PRZs on the chart, each of which can be our short-term and mid-term targets. Here is how it affected the USOIL price: Here is how it affected the EUR price: We expect to see the same effect on the cryptocurrency market as well. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
TVC:DXY
by ShawnMCR
19
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