Get started

Indexes

MarketBreakdown | NZDUSD, USDCHF, S&P500, CADJPY Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list: 1️⃣ NZDUSD - Weekly time frame 🇳🇿🇺🇸 The pair has recently broken and closed below a key weekly level. Bias remains bearish and a further decline is expected. Consider intraday time frames for occasional short entries. 2️⃣ USDCHF - Weekly time frame 🇺🇸🇨🇭 The market is trading in a global bearish trend. Currently, the pair is in a correction cycle: the price is steadily recovering within a bearish flag pattern. To catch the next bearish wave, wait for a bearish breakout of its support. You need at least a weekly candle close below that to confirm the breakout. 3️⃣ S&P500 Index - Daily time frame 📈 Again the market is approaching the all-time's structure high. I will expect a bullish breakout and bullish trend continuation. 4️⃣ CADJPY - Daily time frame 🇨🇦🇯🇵 The pair is trading in a global bullish trend. Reaching 93.0 level the market retraced. The market is currently falling within an expanding wedge pattern. To catch the next swing up wait for its bullish violation. You will need at least a daily candle close above its resistance to confirm the breakout. ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
15
USD Retracement Incoming!! Must Watch Hello traders! Please see our breakdown and opinion of the current Usd index. Breakdown - Price has been respecting this bullish dynamic support since late October and we have seen multiple tests of this area as it ascends. We have identified what we think is some 4hr exhaustion in the orange box. It is also apparent from the daily time frame that may have ran out of steam and at the very least a correction is about to be forthcoming. We have a bearish bias for the Usd Index for W/C 06/12. There is some additional confluence factors we however would like to see : - : - we would like to see price break and close below our ascending trend line. : - we would like to see price retest our trend or our structure area. Note the analyses from this index will be used to add confluence to any Usd currency pairs that we are monitoring next week. Let me know in the comments below what your thoughts are on the Us Dollar just now and if you like the content and want to see more like this hit the follow button and give me a thumbs up! The Fx Charist
FX:USDOLLARShort
by TheFxChartist_
DOLLAR INDEX (DXY) Important Decision Ahead! 💵 Hey traders, Dollar index is approaching a key weekly resistance cluster. 94.6 - 95.0 is the decision zone. Depending on the reaction of the price to that I see two potential scenarios: In case of a bullish breakout of the yellow zone, a strong bullish continuation will be expected. Next resistance will be 96.0 level In case of a bearish breakout of a support line of a rising wedge pattern, a strong bearish movement will be expected. Next support will be 92.0 level Wait for the reaction first, then follow the market. ❤️Please, support this idea with like and comment!❤️
TVC:DXYShort
by VasilyTrader
22
MarketBreakdown | GOLD (XAUUSD), US30 Index, DXY, USDJPY Hey traders, please, check a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ GOLD (XAUUSD) - Daily time frame 🥇 Gold remains very indecisive. The price formed an inside bar candlestick pattern formation: the candles are trading within the 8th September daily candle (mother's bar) and remain relatively weak. Looks like the market participants are waiting for some fundamental trigger to decide the direction to push. Daily breakout of the mother's bar range will be your trigger. 2️⃣ US30 Index - 3 days time frame 📈 We must admit that bulls look quite exhausted. Bullish legs become weaker and weaker. Analyzing the price action, the higher lows are respecting a major rising trend line. While the market is trading above that, it still remains reasonable to expect growth. Its bearish breakout, however, will signify the initiation of an extended correction giving us a potential opportunity to buy the index at a nice discount. Remember, that trading indexes, it is highly recommendable to avoid shorting and focus on trend-following setups. 3️⃣ Dollar Index (DXY) - 3 days time frame 💵 The market remains bullish. The index is currently trading within an expanding wedge pattern. Reaching its support recently, the greenback will most likely keep growing. 4️⃣ USDJPY - 12H time frame 🇺🇸🇯🇵 The pair is currently ranging and trades within a horizontal consolidation area. 110.45 is its resistance. 109.58 is its support. For intraday trading/scalping consider the boundaries of the range. Alternatively, wait for a range breakout as your signal to buy/sell. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
DXY (Dollar Index): Important Decision Ahead Many dollar pairs are standing on key levels today. With a coming CPI report, the market participants are waiting for the trigger to either push the greenback higher or to finally start shorting it. DXY is testing a historical resistance at the moment. Bearish movement will initiate only after a bearish breakout of a rising channel on 1H. That will be a decent confirmation. For bullish scenario, consider a daily candle close above the underlined daily resistance as the confirmation for a further bullish continuation. ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by VasilyTrader
11