I can only see more buys on NASHello everyone, hope we're all having a good day !.
There's not much to be said here, price keeps breaking highs but where price is right now, it needs to do a short pullback to the order block there in my buy tool before it continues the buy...that's pretty much what I'm seeing, nothing much to do.
Use proper risk and money management...kindly wait for NYSE open tomorrow before you start looking for buys around that order block i placed my buy tool and make sure you have your own confirmations as extra confluences !.
Indices
US30 ( UNDER BULLISH PRESSURE ) - 4H US30
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 40,680
Upward Condition :The price is currently experiencing bullish momentum. As long as it remains above the 40,680 turning level , it is likely to move upward toward the resistance levels of 41,040 and then 41,401.
Downward Condition :To reach the 40,239 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 40,680. If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 41,040 .
RESISTANCE LEVEL (2) : 41,401 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 40,239 .
SUPPORT LEVEL (2) : 39,812 .
TURNING LEVEL : 40,680 .
Could price reverse from here?Dow Jones (US30) is rising towards the pivot which acts as a pullback resistance and could revers to the 23.6% Fibonacci support.
Pivot: 41,036.40
1st Support: 40,643.17
1st Resistance: 41,405.66
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DJIA H4 | Heading into swing-high resistanceDJIA (US30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 41,032.64 which is a swing-high resistance.
Stop loss is at 41,523.00 which is a level that sits above a swing-high resistance at the all-time high.
Take profit is at 40,417.18 which is a pullback support.
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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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
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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.
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Bullish momentum to extend?DJ30 is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 40,513.44
Why we like it:
There is a pullback support that lines up with the 23.6% Fibonacci retracement.
Stop loss: 40,044.69
Why we like it:
There is a support level which aligns with the 50% Fibonacci retracement.
Take profit: 41,097.91
Why we like it:
There is a pullback resistance.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
DXY => Recession Risks and Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring DXY for a buying opportunity around 102.150 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.150 support and resistance area.
Trade safe, Joe.
ASX futures snap 9-day streak, further downside loomsYesterday I outlined why I was suspicious of the ASX 200 rally, and today I see it has now retraced. The ASX 200 futures market snapped an 11-day streak after forming a bearish pinbar perfectly at a 78.6% Fibonacci level, below the 8,000 handle. Volumes have been declining during the entire ‘rally’ which shows a lack of bullish enthusiasm, and potentially points to a deeper pullback.
A bearish trend has developed on the 1-hour chart, and the support zone ~7917/25 has now been respected as resistance. The bias is to fade into rallies towards that resistance zone in anticipation of a move down to 7860.
GER30 H1 | Potential bullish bounceGER30 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,367.33 which is a pullback support.
Stop loss is at 18,200.00 which is a level that lies underneath a pullback support.
Take profit is at 18,582.14 which is a pullback 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
ASX 200 mimics Wall Street's 'risk-on' rally into Jackson HoleOverbought indicators are of little use when markets are obsessed with rate cuts ahead of a key fed speech. Jerome Powell will speak at the Jackson hole symposium and Friday, and expectations for a dovish show are high. And that's helped Wall Street indices extend gains and the allowed the ASX 200 to tag along for the ride. But if this turns out to be a classic 'buy the rumour, sell the fact' tale, traders may need to factor in some of the overbought clues on the daily chart.
NAS100USD ( TRADING BELLOW TURNING LEVEL ) ( 4H )NAS100USD
Yesterday, we reached our target of +450 pips. The current price is trading below the turning level at 19,547. As long as it remains below this level, it’s likely to continue declining towards the first support level.
Tendency , the price is under bearish pressure , until trading below turning level at 19,547 .
Turning Level: The price is currently trading below this level around 19,547 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 20,080 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 19,547. If the price reaches 20,080 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 20,538 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 20,969 .
Support Level (1): As long as the price remains below the turning point of 19,547, it suggests a drop towards 19,115 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 18,696 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 18,315 .
Channel Trend: the trading rate within the ascending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 20,080 ,20,538 , 20,969 .
SUPPORT LEVEL : 19,547 , 18,696 , 18,315 .
Time Frame : 4H
Dow jones Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring US30 for a buying opportunity around 40050 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 40050 support and resistance area.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook:
The S&P 500 Index demonstrated significant resiliency during this week's trading session, surpassing the Inner Interim Index Rally 5443 target. Following a springy rebound, the current market price action is positioned below the newly established significant Mean Res 5564. Anticipated interim downward pressure toward the Mean Support at 5445 is probable before the index resumes its upward trajectory. The prevailing price action indicates a sustained uptrend towards the Inner Interim Index Rally at 5666, with the achieved targets expected to exert considerable downward pressure.
US30 ( TRADING BELOW RESISTANCE TRENDLINE ) ( 4H )US30
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below resistance trendline .
Turning Level: The price is currently trading below this level around 40,671 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 41,016 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 40,671. If the price reaches 41,016 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 41,348 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 41,718 .
Support Level (1): As long as the price remains below the turning level of 40,671, it suggests a drop towards 40,208 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 39,932 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 39,606 .
Channel Trend: the trading rate within the ascending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 41,016 ,41,348 , 41,718.
SUPPORT LEVEL : 40,208 , 39,932 , 39,606 .
Time Frame : 4H
NAS100USD ( UNDER UPWARD PRESSURE ) ( 4H )NAS100USD
HELLO TRADERS
The price is currently under upward pressure as long as trading continues above the support level of 18,696. For today, staying below 18,085 indicates a decline towards 18,696, but breaking this level supports a rise towards 19,522.
Tendency , the price is under bullish pressure , until trading above turning level around 19,085 .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 19,085 , leading to rise that could reach the resistance level (1) at 19,522 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 20,082 and 20,475 .
Downward Zone: as long as the price remain below the turning level at 19,085 , it may drop towards the support level (1) at 18,696 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 17,772 and 17,270 .
CORRECTIVE : currently price it will be attempt to retest to reach a support level (1) at18,696 before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 19,522 ,20,082 , 20,475 .
SUPPORT LEVEL : 18,696 , 17,772 , 17,270 .
Turning level : 19,085 , Time frame 4H
S&P500 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5460 zone, US500 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 at 5460 support and resistance zone.
Trade safe, Joe.
US30 H4 | Overlap resistance at 78.6% Fibonacci retracementUS30 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 40,516.27 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 41,280.00 which is a level that sits above a swing-high resistance.
Take profit is at 39,974.82 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
US small cap bounce unconvincing despite risk revival The recovery in US small caps has been unconvincing over the past fortnight, struggling for upside unlike mega-cap rivals. Russell 2000 futures have been capped below the 50-day moving average for much of this period, running into sellers constantly above this level. Wednesday’s rejection above 2132.6 warns of building reversal risk, putting a potential break of uptrend support on the cards should US slowdown fears return.
If the price were to break the uptrend, traders could enter shorts with a tight stop either above the level or the 50-day moving average for protection, depending on your target. On that subject, the 200-day moving average or 1920 are levels to consider. If the price were to hold the uptrend, a close above the 50-day moving average would negate the bearish setup.
MACD and RSI continue to generate bearish signals on momentum, making selling rallies the preferred strategy near-term. Good luck!
DS
ASX 200 futures test their luck below resistanceI see a common connection when looking across Wall Street futures, ASX 200 and the Nikkei. They're all retracing higher after a large drop and grinding their way towards resistance levels. And that could appeal to bearish swing traders.
ASX 200 futures (SPI) are within their 8th day higher. And as they have only recouped around 2/3rds of the drop rom the fall the record high (and over a longer timeframe than the drop) I suspect a swing high is due. Note Tuesday's doji, and subsequent price action has traded in the upper wick of that doj.
A resistance cluster hovers around 7873 - 7900, and we favour fading into any moves towards it with a stop above 7700. Bears could target just above 7700 for a downside target.
US30 ( UNDER CPI PRESSURE ) ( 4H )US30
HELLO TRADERS
Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level.
Tendency , the price is under bearish pressure , until trading below turning level around 39,951
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 .
Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 .
SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .