DXY: Dollar Keeps Falling
This week the index broke and closed below the rising correctional movement
and we see a new lower low lower close.
Now bears will keep pushing the market lower.
The first zone from where we can expect a pullback is 96.4 - 96.8.
Pay close attention to this zone and watch the market reaction.
Indexes
DXY: Dollar Keeps Falling
This week the index broke and closed below the rising correctional movement
and we see a new lower low lower close.
Now bears will keep pushing the market lower.
The first zone from where we can expect a pullback is 96.4 - 96.8.
Pay close attention to this zone and watch the market reaction.
NATGAS: Buying Volumes Accumulate BUT ...
Natural gas is on its way to a major structure resistance area.
For many days bulls keep pushing the market without any pullback and
I believe that we will see a retracement from the identified area.
I will be looking for a reversal formation on a lower timeframe to sell the market.
Target level will be 2.5
GOLD: Important Warning!!!
this is my weekly update for gold .
currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.
Analyzing structure on the left, we can easily notice that gold has reached a key support level .
+we see a formation of a dodji candle and multiple rejections.
For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.
*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
DXY: Good days for dollar!
hey traders,
weekly update for dollar index .
the market has started a correction cycle and for the last two weeks, we see a steady bullish movement.
I still believe that bulls have much space to push the index even higher before we see a bearish continuation.
The first supply zone that I will pay my attention to is between 98.0 - 98.4 levels.
as always, our confirmation is the bearish violation of a rising channel.
DXY: Good days for dollar!
hey traders,
weekly update for dollar index.
the market has started a correction cycle and for the last two weeks, we see a steady bullish movement.
I still believe that bulls have much space to push the index even higher before we see a bearish continuation.
The first supply zone that I will pay my attention to is between 98.0 - 98.4 levels.
as always, our confirmation is the bearish violation of a rising channel.
S&P 500: Market High Short
hey traders,
though I have already shorted S&P from lower structure levels,
we see that bulls still keep pushing the market to higher levels.
On Friday the market has closed approaching all-time market's high.
There is a very very high chance to see a retracement from this level,
for this reason, be focused on a rising parallel channel.
Bearish breakout of it will be a perfect confirmation for you to open short trade.
Target level will be 2960.
Stop will be above the highest point of the channel.
*if the market sets new higher high within the channel, setup will be invalid.
DXY: Dollar Keeps Losing Value
after a very strong bearish wave, we see a correctional movement on DXY .
I believe that bears still have much space for one more leg down to major structure support .
I don't know how long the correctional movement will last but
our trigger is a bearish violation of a support of a rising channel .
DXY: Dollar Keeps Losing Value
after a very strong bearish wave, we see a correctional movement on DXY.
I believe that bears still have much space for one more leg down to major structure support.
I don't know how long the correctional movement will last but
our trigger is a bearish violation of a support of a rising channel.
#SP500, Great movement on the way? Serious resistance at $ 3030 that succeeded in 3 attempts.
At the moment in H4, a double top template was created
Stochastic at maximum level with the intersection of lines.
For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.
GOLD: Complete Indecision
hey traders,
although I have an active selling position on gold ,
many traders hesitate to enter right now and don't know what to do.
Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.
Breakout of it will be a good trigger and you can base your trading plan on that.
symmetrical triangle can be broken to both sides,
however, my suggestion is to trade only in case of bearish breakout,
because a profit potential for bullish breakout is quite limited.
S&P 500 Index Might Test Support Next (Lower Highs)The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.
On the chart above I've marked the different support levels as well as the different potential scenarios.
We believe the SPX will move lower based on chart signals and past history.
Feel free to leave a question and share your thoughts.
Previous analysis:
Thanks a lot for reading.
Namaste.
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THIS IS NOT FINANCIAL ADVICE
"EuroStoxx: at an important Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price bounced from the Support Zone and went towards the Resistance Zone where it is now.
- Bearish Divergence on MACD.
- If price starts its down move from here, it has potential to go towards the Support Zone one more time.
- We are looking for sell setups on lower timefremes.
Weekly Vision:
Updates coming soon!
S&P 500 Index Might Test Support Next (Lower Highs)The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.
On the chart above I've marked the different support levels as well as the different potential scenarios.
We believe the SPX will move lower based on chart signals and past history.
Feel free to leave a question and share your thoughts.
Previous analysis:
Thanks a lot for reading.
Namaste.
----
THIS IS NOT FINANCIAL ADVICE
DOLLAR KEEPS FALLING!!! WHERE IS SUPPORT???
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel .
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a pullback.
Please, support the idea with like! thank you :)
DOLLAR KEEPS FALLING!!! WHERE IS SUPPORT???
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel.
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a pullback.
Please, support the idea with like! thank you :)
S&P 500 outlook still positive until channel breakToday's dip will scare a lot of investors out of the market, but keep in mind that it's a Friday and Fridays tend to sell off. The S&P 500 is still in its upward channel. If market sentiment truly turns negative, then we'll see the channel break next week.