J-DXY
Wednesday is decision day - spx bonds wheat gold dxy btcSPX is bullish over 3750, bonds I can't tell what is going on there but under 125 would be bad for bulls, Wheat, looks good still in channel, Gold also looks good although the dollar may rally again to 116, BTC could drop hard but it would be a buy for me. GOod luck
A general market updateHey friends. So far everything I shared in my previous video is working out and this video is a just an update on that, plus additional thoughts and opinions on future trajectories.
Please feel free to post your thoughts whether contrary or not.
Have a great week, stay safe. <3
Some Monday Notes - SPX500 USOIL GOLD BONDS BTCI expect SPX to get to around 3750 and from there we make one more low to around 3500. USOIL looks good for 96 as the destination, Gold looks great for a ride up to 1770's which means the USD should continue falling. Bonds also look good here and I think yields are topping out (or at least we're close). BTC rally and then pullback but ultimately I think everything is a buy after a pullback. Rally hats first for a few days. Good luck!
Trendmaster Market Update - Monday October 3rd -Welcome to Monday October 3rd
The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to problems in Deutsche Bank and several other institutions across the European continent. That being said everyone is bearish and expecting more downside and historically Q4 is the strongest quarter.
*Breaking* - hastily announced emergency FED meeting (US) has been called for today at 17.30 UTC
-Markets
Both the Nasdaq and the SP500 are at critical support. The Nasdaq closed the quarterly under 11k signaling the lowest close in 2 years however still holding above it’s 9.7k pre covid dump high. A gain of 11.5k is the only thing that matters to the upside -
The SP500 also closed the Quarter under 3.6k another 2 year low with only the pre covid dump high at 3.4k to offer any levels of importance to the downside. -
The VIX is still hovering around the low 30s and at a potential failure point. A loss of 29.5 and the major support there could see some bullish relief as markets have been generally crushed and fear and panic are reaching 2008 levels. Anything above 35 and the bearish markets should accelerate to the downside. -
-Crypto
BTC is still hovering near its main resistance as 20k which is the September, July, and Q3 open. This is the main area to break out from which upon its gain should see a test of 21.2k at the least. To the downside 18.6k has remained an important swing in price action and between that and 18.4k there any major losses or level there should flush the price back into the 17k zone. -
ETH although retracing more than BTC following the highs from the summer rally, ETH continues to hold above the June/July range high at 1.27k. Any loss of level around 1.22k should see a retest of the previous range levels at the low 1100s. To the upside a regain of the floor of 1.4k could see ETH rally to its September open levels of 1.55k. -
BTC1! - BTC trading on the CME is opened up monday with a slight gap just above 19.2k at that is the Daily, Weekly, Monthly, and Quarterly open. The CME Report showed nothing significant other than Exchanges/Brokers being extremely short as of last Tuesday. Asset Managers/Institutions are still completely out of position on their longs that were added in November ‘21, and April, August of this year are severely under water. CME traders want the regain of 20.4k to test up into the 22k zone. There is also a very old CME gap from 17.6k to 17k which is still untouched from the 2020 runup. Any fill of that gap would be critical in the overall price and a buy back or continued loss of that zone would dictate BTC’s direction for the coming quarter. -
Spotlight
NFLX - Netflix has been playing out a beautiful 17%+ range for the past 6 weeks with major support at 215 and resistance at 250. Buying higher lows from the support and Selling lower highs from the resistance is still viable until proven otherwise. A loss of the 215 low should see a retest of it’s June monthly open at 198 while conversely a breakout of 250 could see the gigantic gap between 252 and 330 finally filled. A breakout however, is only likely in a general market rally. -
Financial Events
The emergency FED meeting today at 17.30 UTC is of critical importance to the markets as the financial system is showing signs of cracking. The only item listed under Matters to be Considered is “Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
Other important items this week:
Wednesday Oct 5th - Crude Oil Inventories
Thursday Oct 6th - Initial Jobless Claims
Friday Oct 7th - Unemployment Rate - Forecast 3.7%
Chart to Watch
The DXY Dollar Currency Index is generally the canary for market Bullishness or Bearishness as it has an inverse relationship with the general markets. The fact that we are at the midpoint of the “Dot Com Bubble” high structure is a frightening wake up call. It has continued its fully parabolic move since the double bottom back in May 2021 and shows no signs of slowing. The important swing low at 111.3 needs to be broken and retested bearishly which would signal a general correction in the DXY and see much needed relief flood into the markets. It has currently only tested structure at 111.6 in the past few days of retracement and looks primed to send off to new highs. The eventual parabolic break of the DXY will be a catalyst for a significant bear market rally. -
THE US DOLLAR VS THE EURO DOLLARI am once again revisiting these currencies with a new approach.
You can now come along for the ride in understanding exactly what patterns that are mentioned in this video.
In this video I discuss the potential scenarios that could play out over the coming weeks, months and years.
I am making my analysis more transparent as time goes on and you will see how and why.
Right now, it appears that we are most likely in the middle of a slow grind down in the Euro.
Once this slow grind down is over, this will signal the start of a great bull market.
But for now, we need to understand exactly where we are in this corrective process and how to take advantage of the moves that are coming.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long-term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Best of all, it's now free!
DXY TO REJECT AND PUSH HIGHER?!?Just monitoring price at the moment to see if this is going to reject off support to also support my other trade ideas or are we going to push lower. Pick bottoms or tops is hard so sometimes its best to just wait for confirmation off some candle stick reversal patterns.
FED EMERGENCY ANNOUNCEMENT - WHAT TO EXPECTAfter being criticized for being slow to recognize inflation, the Fed has embarked on its most aggressive series of rate hikes since the 1980s. From near-zero in March, the Fed has pushed its benchmark rate to a target of at least 3%. At the same time, the plan to unwind its $8.8 trillion balance sheet in a process called “quantitative tightening,” or QT — allowing proceeds from securities the Fed has on its books to roll off each month instead of being reinvested — has removed the largest buyer of Treasurys and mortgage securities from the marketplace.
“The Fed is breaking things,” said Benjamin Dunn, a former hedge fund chief risk officer who now runs consultancy Alpha Theory Advisors. “There’s really nothing historical you can point to for what’s going on in markets today; we are seeing multiple standard deviation moves in things like the Swedish krona, in Treasurys, in oil, in silver, like every other day. These aren’t healthy moves.”
For now, it is the once-in-a-generation rise in the dollar that has captivated market observers. Global investors are flocking to higher-yielding U.S. assets thanks to the Fed’s actions, and the dollar has gained in strength while rival currencies wilt, pushing the ICE Dollar Index to the best year since its inception in 1985.
“Such U.S. dollar strength has historically led to some kind of financial or economic crisis,” Morgan Stanley chief equity strategist Michael Wilson said Monday in a note. Past peaks in the dollar have coincided with the the Mexican debt crisis of the early 1990s, the U.S. tech stock bubble of the late 90s, the housing mania that preceded the 2008 financial crisis and the 2012 sovereign debt crisis, according to the investment bank.
The dollar is helping to destabilize overseas economies because it increases inflationary pressures outside the U.S., Barclays global head of FX and emerging markets strategy Themistoklis Fiotakis said Thursday in a note.
The “Fed is now in overdrive and this is supercharging the dollar in a way which, to us at least, was hard to envisage” earlier, he wrote. “Markets may be underestimating the inflationary effect of a rising dollar on the rest of the world.”
In this video we analyse the two possible outcomes from the FED.
Source: Bloomberg
GOLD SPOT / U.S. DOLLAR XAUUSD - Continuation or Breakdown?GOLD SPOT / U.S. DOLLAR
XAUUSD
Daily 20ema Resistance at 1677/Daily 200ema 1690/Monthly 50ema 1670
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
US500, DXY, USDT.D, BTC Analysis To Feel The Market!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500, DXY, USDT.D and BTC.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Wednesday notes - SPX Wheat Gold DXY DAX Bonds etc.Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities) but it doesn't have to go down that far. Dax has broken monthly trendline, expect a retest over the coming weeks.
I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.
OK good luck!
[DXY] WHAT IS THE MARKETS SHOWING USdisplaying how dxy is controlling the markets at the moment anything that has to do with the dollar is at a key level just like the dollar so lets let the dollar show us the next move ..... trend continuation or a retrace we just be patient and wait for it to talk to us but be ready for the call
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DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.