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MarketBreakdown | GBPUSD, USDJPY, AUDUSD, S&P500 1️⃣ GBPUSD - 18H time frame 🇬🇧🇺🇸 GBPUSD is currently one of the most boring major forex pairs. The price remains stuck within a horizontal trading range trading in a global bullish trend. Recently the support of the range has been reached, now it looks like buyers will try to retest it again. For intraday scalping consider the boundaries of the range: Resistance: 1.42 - 1425 Support: 1.408 - 1.41 For swing trading, wait for its bullish breakout. 2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵 The market remains bullish. The price is trading within a rising wedge pattern. The pair is quite close to its support. I will look for trend-following buying opportunities from there. Being short-biased, look for a wedge breakout. 3️⃣ AUDUSD - 12H time frame 🇦🇺🇺🇸 The pair is trading within a wide falling parallel channel. Now the price is testing its resistance. For now, bias remains bearish and the price is forming a head and shoulders pattern on an hourly time frame confirming that. Closest strong support - 0.765 For buying opportunities let the price break and close above the channel's resistance first. 4️⃣ S&P500 - Daily time frame The price is close to all times market high. With a sequence of higher lows, we see a clear sign of a bullish accumulation. I will be not surprised if the price will break that to the upside. Pumping continues. ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
17
NASDAQ NEEDS BREAKOUTNasdaq100 is currently ranging between 12900-13800. We have had the longest consolidation in the history, probably traders are all bored and need break out of this consolidation. Experts expects to get some very high volume after London market closed yesterday. Their targets for the bulls will be 13823, where the price will come to the trend line. A break of this trend line and price 13823 can expect more bull taking price to 13930-14055. Support is around 13400 and analysts predict if price drops it might be wise to set buy limits around 13400-13550. There is bullish scenario on bigger time frames and NAS100 still in the rectangle bullish channel.
NASDAQ:NDX
by legacyFXofficial
4-digit Dow (DJIA) - SHORT; Let the (long!!) descent begin!As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're in luck. Just (continue to) SHORT the DJIA/Gold Ratio that is already well on it's way, still with miles and miles to go (down), with no end in sight. Here is that post;
CBOT_MINI:YM1!Short
by Nemo_Confidat
10
If you don't know the difference ...... you are in trouble! - Howard Marx In the late '60s and early '70s if you didn't own the Nifty-Fifty, there was something indescribably wrong with your portfolio - or you. The Nifty 50 stocks got their notoriety in the bull markets of the 1960s and early 1970s. They became known as "one-decision" stocks because investors were told by individuals such as University of Pennsylvania professor Jeremy Siegel that "they could buy and hold them forever." In case anyone is interested how the "Nifty 50" fared during the bear markets of 1973-1974; Blue Chip Performance: 1973-1974 Du Pont -58.4% Eastman Kodak -62.1% Exxon -46.9% Ford Motor -64.8% General Electric -60.5% General Motors -71.2% Goodyear -63.0% IBM -58.8% McDonalds -72.4% Mobil -59.8% Motorola -54.3% PepsiCo -67.0% Philip Morris -50.3% Polaroid -90.2% Sears -66.2% Sony -80.9% Westinghouse -83.1% Just to recap; ... as well as; U.S. Market Capitalization / U.S. GDP exceeded 2.75 while the Historic Norm (not the low) remains 0.78 - i.e. ~70% below current levels(!!) www.hussmanfunds.com U.S. Margin Debt / U.S. GDP has surpassed all previous records (by a very wide margin!), not only by nominal measures but also in relative terms! www.hussmanfunds.com
TVC:DJIEducation
by Nemo_Confidat
DOLLAR INDEX (DXY) Key Zone to Watch 💵 Bears keep pushing US dollar. Since April the index lost almost 4% of its value. Ahead is a current year's low. 89.2 - 89.7 is a historical demand area. I believe that the index may bounce from that structure. Your confirmation will be a bullish breakout of a falling wedge pattern. It will signify the willingness of buyers to buy. In case of a bearish breakout of the yellow cluster, the further decline will be expected though.
TVC:DXYLong
by VasilyTrader
5
DJIA/Gold Ratio & 30-year Bonds/Russell2000 in Phase Transition!The Dow Jones (IA) / Gold Ratio and the U.S. 30-year Treasury Bonds / Russell2000 Index Ratio are coinciding at key levels. Both ratios are at historic turning points, foreshadowing their respective Phase Transitions! (and as such, indicating highly volatile, multi-standard deviation moves in the global equity indexes.) The title chart is an extended (120 years) view of the ongoing DJIA / Gold analysis, this time applying the same metric as used in the earlier US 30-year Treasuries / Russell2000 Ratio analysis; ... For easy comparisons. U.S. Market Capitalization / U.S. GDP now having exceeded 2.75 while the Historic Norm (not the low) remains 0.78 - i.e. ~70% below current levels(!!) - , it is rather self-evident that these phase transitions are likely to result in major (equity) market declines, and on a global scale. U.S. Margin Debt / U.S. GDP has also surpassed all previous, historic records (by a very wide margin!), not only in nominal measures but also in relative terms! I.e. Once this trap door opens (forced liquidations??... The most likely, least resistance path, catalyst) an initial 20%-25% decline in the SP500 would be well within the minimum expected.
TVC:DJI
by Nemo_Confidat
22
BTC to $40K by the SummerMost people in the #cryptocurrencies chat witnessed me call out BTC's drop from $59K to $49K.. Based on what I've analyzed on these charts, if there's no hard bounce at $46K-$48K, then BTC will plunge to $40K by the summer (or sooner). If we begin to close under $40K, then institutions will likely short off their BTC in order to buy at a more stable bottom. BTC and U.S. indexes are positively correlated. Most average American consumers are not yet aware of the power of BTC and crypto. I don't see consumers rushing to purchase BTC in the event that their 401Ks are tanking with the indexes. The only people who will own BTC at the apex of an inevitable crash of U.S. indexes, real estate, and thus cryptocurrencies -- will be those who were educated enough to SELL HIGH & BUY LOW. -Ri$ky
BITSTAMP:BTCUSDShort
by risktrader95
6
Stochastic OscillatorA stochastic oscillator is a momentum indicator. Trading Strategy: ✔ Recognise the trend: 👉 In a trendy market only open position in the direction of trend. 👉In a range market you can use both buy and sell signals. ✔ Upper band and lower band indicating different things in different market conditions: 👉In a trendy market upper and lower bands show the momentum in the market for example in an uptrend if the indicator is above 80 it means that buyers have the momentum. 👉In a range market, however upper and lower bands showing the overbought and over-sold areas. So, we may go long if we see oversold in a range market and go short if we see a over-bought situation. ✔ Divergence is another important strategy to adopt when using stochastic indicator as a divergence may indicate a trend reversal.
Education
by apadanaforex