DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Indices
DOW JONES: Crossed above the monthly Channel Down. Buy signal.Dow Jones turned bullish again on its 1D technical outlook (RSI = 57.829, MACD = -79.310, ADX = 34.732) as it crossed over the Channel Down that is the bearish wave of the long term bullish trend. The 1W MA50 held and we have to go back to October 30th 2023 to find the last time that the index was under it. If the 1W RSI crosses above the MA trendline, we will confirm that most likely we are going to have a November 6th 2023 type of bullish breakout. The major rallies of the past years have been at least +20%. Buy and TP = 50,500.
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FRA40 at Critical Resistance Zone: Bearish Move Ahead?FX:FRA40 is currently trading within a significant resistance zone. This area has previously acted as a turning point, suggesting the potential for a bearish reversal if sellers regain control.
The current price action indicates that the market is testing this resistance zone, and any signs of rejection, such as bearish candlestick patterns or wicks signaling supply absorption, could confirm a potential move to the downside.
If the resistance holds, I anticipate a downward move toward the 7,573.08 level, which is a logical target for potential profit-taking.
S&P 500 Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook:
During the recent trading session, the S&P 500 attained our designated downside target of Mean Support at 5775, which initiated a robust rally. This rally enabled the index to reach our target of Mean Resistance at 5920 and advance further to the newly identified Mean Resistance at 6035. The market is currently exhibiting strong and consistent upward movement. The bullish trend appears poised to continue towards our subsequent target, the Outer Index Rally at 6123, which will be approached via Key Resistance at 6090. Following that, additional targets of 6233 and 6418 are also anticipated. However, it is essential to acknowledge that reaching the initial rally level and the subsequent targets will result in a price pullback. Such a pullback is expected to prepare the market for the next phase of the bullish trend.
Dow Jones - Trading 2025 Is Pretty Clear!Dow Jones ( TVC:DJI ) will create another green year:
Click chart above to see the detailed analysis👆🏻
For the past 15 years, the Dow Jones has been respecting two significant rising trendlines. With each of the previous cycles being around +80% and corrections always starting with the new year, everything is pointing towards another phenomenal stock market year.
Levels to watch: $50.000
Keep your long term vision,
Philip (BasicTrading)
DAX: Healthy Channel Up aiming at 21,350DAX is on excellent bullish levels on its 1D technical outlook (RSI = 66.832, MACD = 222.700, ADX = 20.758) as it just crossed the previous Resistance of the 5 month Channel Up. This is technically the new bullish wave of the pattern which got further confirmed after Monday's bounce on the 4H MA200. Both 1D MACD wise and relative price structure, it looks much like the previous two bullish waves. The recent HH was on the 2.0 Fibonacci extension, thus we're aiming for the top of the pattern (TP = 21,350) yet again.
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US30 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 42900 zone, Dow Jones was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area 42900 support and resistance zone.
Trade safe, Joe.
S&P500: Every January same rally starting. Target = 6,950.S&P500 is neutral on its 1D technical outlook (RSI = 48.738, MACD = -35.090, ADX = 24.753) but just turned marginally bullish on 1W (RSI = 55.182) today. This technically signifies the market's enormous upside potential on the long term. The 2 year pattern is a Channel Up after all and every January since 2023, a new rally starts which exceeds +20% in gains. As long as the 1W MA50 supports, the bullish trend will be dominant. We are aiming for another +21% rise like the previous Jan 2024 rally (TP = 6,950).
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DAX H4 | Rising into multi-swing-high resistanceDAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,510.80 which is a multi-swing-high resistance.
Stop loss is at 20,800.00 which is a level that sits above the 127.2% Fibonacci extension.
Take profit is at 19,831.69 which is a pullback support that aligns with the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
MNQ Continued Bearish Bias OutlookMy directional Bias for MNQ remains Bearish with the expectation on price to trade lower into the D BISI and take the SSL from the double bottom around 20640.00 I also like how price wicked the CE level of the D BISI that could indicate lower prices since price cant even make it through the inefficiencies 50% CE level. Now price may not make the move lower all the way and could just trade as low as the D Discount Wick 50% level which is also conveniently placed in CP to the D BISI CE level as well but lets see what price gives us.
This China A50 bounce could have legsThe China A50 futures market topped in October after a near 50% surge in just three weeks. Yet as price action since appears to have been corrective, I'm seeking evidence that its retracement has ended. And that is why Tuesday's bounce from the 200-day SMA has grabbed my attention.
MS
NASDAQ: First 4H Death Cross since September is a Buy Signal!Nasdaq is bearish on its 1D technical outlook (RSI = 39.062, MACD = -70.200, ADX = 29.762) as it is on a downtrend since December 16th, almost 1 month. Technically this downtrend is the bearish wave of the medium term Channel Up. Last Wednesday the index formed its first 4H Death Cross since September 10th 2024 and interestingly enough, instead of bullish, it was a buy signal then. As the current bearish wave is now almost at the bottom of the Channel Up, this is technically a HL, thus the most efficient buy entry on the short term. The September bullish wave peaked on the 1.236 Fibonacci extension before a pullback under the 4H MA50 again, so we now turn bullish on Nasdaq, aiming again for the 1.236 Fib (TP = 22,500).
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Sentiment Cycle Indicator Performance (PAID)Every bold move captured by my sentiment cycle indicator.. I have designed few indicators which are unique and powerful. Sentiment indicator is also one of them. It is particularly created for every type of traded (be it beginner, intermediate or pro) and any type of chart (be it crypto, forex, indices, commodities, oil trading). It act as your friend gives you confidence while you are in trade and holding for bigger profits.
as you can see green background is buy, red is sell and no color or charting color is no sentiment zone, it is identification as no trading zone.
Happy Trading!!
Thanks,
TradeTech Analysis
Russell 2000 H1 | Pullback resistance at 38.2% FibonacciRussell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,216.27 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 2,250.00 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 2,161.49 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
DOW JONES: contact with the 4 month Support Zone. Strong hold.Dow Jones approached the oversold limit today on its 1D technical outlook (RSI = 38.566, MACD = -404.260, ADX = 33.712) as it hit the S1 Zone, which is in effect since late September 2024. The last test of this Zone (November 4th 2024) also coincided with the 4H RSI getting oversold (under 30.000) and the price was also trading inside a Channel Down. By early next week, we expect the index to initiate a similar rebound, aiming at the 0.786 Fibonacci level (TP = 44,300).
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FTSE 100 H4 | Potential bearish breakoutFTSE 100 (UK100) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 8,217.99 which is a potential breakout level.
Stop loss is at 8,285.00 which is a level that sits above a pullback resistance.
Take profit is at 8,117.18 which is an overlap support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
DAX H4 | Bullish bounce off overlap support?DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 20,069.07 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,800.00 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 20,418.50 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NAS100/USTEC - 4hr| Descending TriangleSimple Trading: Descending Triangle
Nas100 has been trailing down for the past week. if the price breaks below 20,700, then the bullish momentum may be loss. Expect Nas100 to continue to bounce from one end of the triangle to the other end. Once the Triangle is broken, we can reveal the exact target area. Keep in mind that the last 4hr candle has closed below the previous candle low. Price could be preparing for a pullback before continuing to make a lower low. This will either be a break and retest with continued bearish pressure or a complete fakeout.