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US30 trendline breakout retest | 8th April 2022Prices have broken out of the descending trendline resistance. We see the potential for further bullish continuation from our buy entry at 34015.8 in line with 38.2% Fibonacci retracement towards our Take Profit at 35865.9. MacD is on bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:US30USDLong
by FXCM
Dow Jones Index (US30): Important Decision Ahead 📈 Hey traders, This week Dow Jones was trading within a narrow horizontal trading range on a daily. The market was stuck between two horizontal structures. Next week wait for a breakout. Bearish breakout will lead to a bearish continuation to 32600 level while bullish breakout will lead to a bullish continuation to 35800. Let the market participants decide, then follow the market. ❤️Please, support this idea with like and comment!❤️
UShort
by VasilyTrader
7
Correctional Recovery on US30/DJIThese days have brought Major Suffering to the Markets, with even the US Indexes failing numerous times to make a comeback for a prolonged amount of time. The level of confusion in investor's perception is very high, with proper direction only seen in Pockets of AfterHours trading, and rarely in normal Normal Market Hours. Both swing trading, and scalping have become rough. Corrections are known to last for some time, however there is hope to see proper March Rallying, and a gradual climb back up to ATH in the coming weeks, as long as fundamentals can clear up (Russia, Energy Prices, Inflation, etc...). - Here is a likely analysis for the coming weeks / midterm. A possible retest of the correctional point may occur, as well as waterfall/reversal movement along any point of major resistance. Weakness may last, however Volume is sure to pick up at random times of positive fundamentals. Patience for the real Rallying will last!
ULong
by UnknownUnicorn22065023
1
MarketBreakdown | WTI Crude Oil, AUDUSD, Silver, Dollar Index Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ WTI Crude Oil - Daily time frame 🛢️ The market is sharply bullish. The price is growing within an expanding wedge pattern. Try to catch a trend-following movement from a support of the wedge and look for scalp shorting from its resistance. 2️⃣ Dollar Index - 3 days time frame 🇦🇺🇺🇸 For the last three months the pair is consolidating. The market is stuck within a horizontal trading range. 0.70 is its support. 0.73 - 0.731 is its resistance. The market is currently approaching the upper boundary of the range. Look for shorting opportunities from that or if you are bullish biased, consider a bull breakout trade. 3️⃣ Silver - Weekly time frame 🪙 The market recently broke a major falling trend line. Now we see its retest. I expect a bullish continuation at least to 25.6 level and then potentially to 26.4. 4️⃣ Dollar Index (DXY) - 3 days time frame 💵 Current geopolitical situation pushes the index to new highs. The market is growing within an expanding wedge pattern and for now I expect a bullish trend continuation within its boundaries till the situation is not resolved. (something tells me that it won't be fast) ❤️Please, support this idea with a like and comment!❤️
TVC:USOILLong
by VasilyTrader
27
2 Possibilities for the SP500There was some strong buying at the recent lows that is reflected in the RSI divergence. There is a possibility of move up to 4530 level if this strength continues. However, the SP500 is also at the top it's steep downward channel and may just move south from here to the bottom of the channel. The market fundamentals are worse than when we saw the January lows so breaking those lows is more likely than a new high. With the war in Ukraine and fears of escalation across the region and the possibility of China seizing Taiwan on the table, keep your positions small and as technicals will not overrule a major news event.
CME_MINI:ES1!Short
by Lazy_Investing
NDX Crash Last ReminderThis is the last of all 3 major US indexes that we are tracking... Let's see what the chart has to say. We've been following the correction that started a few weeks back. Looks like bearish momentum can start to pick up. We can see that lasts weeks candle closed below EMA50 and this week we have red. With a bearish RSI, trending lower and lower and the MACD going below zero, it is only a matter of time before the next support level is tested. You can check my previous trade ideas on this index for all the details, the support levels, the chart signals & more. 7-Feb. 28-Jan. 26-Jan. 19-Jan. Leave a comment and please choose to follow my work. Your support is always appreciated. Namaste.
NASDAQ:NDXShort
by AlanSantana
7