Indexes
Dollar Index (DXY): Important Breakout 💵
As we discussed on the yesterday's live stream,
Dollar Index broke and closed below a key daily structure support
after a consolidation
Retesting the broken support, we see a positive bearish reaction to that.
It makes me think that the market will drop lower.
Next support - 105.2
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S&P 500 set to advance after a bout of selling on FridayEfforts are underway to head off a full-blown Middle East war.
What’s Happening Now:
A tense calm prevailed in the Middle East after Iran’s missile and drone attack on Israel. Global markets showed signs of stability on speculation the conflict will remain contained.
Iran said there wouldn’t be further attacks as long as Israel didn’t react aggressively, but Benjamin Netanyahu warned, “Whoever strikes Israel, we will strike him.”
A diplomatic race is underway to help ensure any retaliation doesn’t raise the stakes too high.
“It’s right to price more geopolitical risk premia into assets, but at the end of the day equity markets are still only about 2% off all-time highs,” said Timothy Graf, head of EMEA macro strategy at State Street. “This was a well-telegraphed geopolitical development. A lot of the bad news is in the price already.”
As we can see on the chart, the index is still trading in the tight diagonal canal which once broken a higher liquidity impulse can be expected. With the current situation of repricing rate cuts, higher inflation, and war tensions rising I am strongly expecting a quick 3-7% test to the previous lows.
$DXY - Next Resistances to Watch *W & *D (tf) TVC:DXY *D (tf)
Previous Ideas of Resistance to Watch (before & after 'play button' )
(before & after 'play button' )
Next decent Resistances for TVC:DXY to face will be the 0.5 Macro Fibb Level @107.7 level .
Surpassing that via decent breakout, correction may be anticipated as a retest and
confirmation for TVC:DXY to continue Higher.
Meanwhile on the *W (tf),
TVC:DXY managed not to close its 12 Consecutive Green Weekly Candlestick.
Whats worrying is that the last Weekly Close was very Bearish in Price Action,
printing whats called ' A Topping Tail '
Dollar Index (DXY): Potential Scenarios Explained 💵
That was quite a boring week for Dollar Index.
The market was stuck within a narrow horizontal range on a daily.
Next week, wait for a breakout of the range.
Bullish breakout of its resistance will be a strong trend following signal,
while a bearish violation of its support will initiate a correctional
movement on the market.
Next key resistance - 106.85
Next key support - 105.20
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$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. )
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view.
Dollar Index (DXY): Bullish Trend Continues 💵
Dollar Index may continue growing.
The market reacts positively to a recently broken resistance
and we see a strong bullish reaction.
I believe that the index may easily reach 106.4 level today
and potentially go higher.
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Dollar Index (DXY): Multiple Time Frame Analysis & Plan 💵
After a breakout of a key daily structure resistance yesterday,
Dollar Index is consolidating within a horizontal range on an hourly time frame.
For those, who are looking for an intraday signal to buy,
a bullish violation of the resistance of the range -
an hourly candle close above 105.32, will give a strong bullish confirmation.
A bullish continuation will be expected at least to 105.6 level then.
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CAC40 #HVF for a doubleBig Pattern = Big Moves
Long consolidations = Fast Breakouts
The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market.
The French stock market - along much Europe hasn't done much for over two years
But we are quickly approaching Target 1 of a large --- non conventional HVF
Is it monetary stimulus or economic growth that causes the CAC to double?
Don't know ...
One is more desirable of course.
But the same boys
cheering the US stock market screaming higher after a decade plus of stimulus. zero rates and buybacks, does it matter?
@TheCryptoSniper
Dollar Index (DXY): Bullish Outlook For Next Week 💲
Dollar Index is trading in a bullish trend.
The price formed a nice bullish triangle on a 4h time frame,
its resistance breakout is a strong bullish signal.
The market will most likely keep growing next week.
Next resistance - 104.5
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Dow Jones Index (US30): Classic Bullish Pattern
As we discussed on a live stream today,
US30 index tested a recently broken horizontal resistance
that turned into a solid support.
The market formed a double bottom formation and successfully violated its neckline.
We can anticipate a bullish continuation at least to 39744 now.
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Dollar Index (DXY): Breakout & Demand Zone 💵
Dollar Index broke and closed above a solid horizontal daily resistance cluster
and a major falling trend line.
The broken vertical and horizontal structures compose an expanding demand zone now.
I believe that we will see a bullish movement from the underlined blue area.
Goal - 104.85
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Dollar Index (DXY): Important Breakout & Bearish Outlook 💲
We see 2 important breakouts on Dollar Index.
The market broke and closed below a solid rising trend line
and a key horizontal structure support.
The broken structures compose an expanding supply area now.
We can anticipate a bearish continuation to 103.0 level.
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Dollar Index (DXY): Trading Plan For Next Week Explained 💲
Dollar Index is coiling around a solid rising trend line.
We can see a nice consolidation on a 4H time frame.
To buy the market with a confirmation,
look for a bulilsh breakout of 104.3 resistance.
4H candle close above that will confirm a violation.
A bullish continuation will be anticipated then at least to 104.65
Alternatively, a bearish breakout of a trend line may trigger a bearish continuation.
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