Dollar Index (DXY): Important Support & Resistance Levels
As the bull run continue on Dollar Index,
here are the significant resistance zones to pay attention to.
Resistance 1: 104.45 - 105.12 area
Resistance 2: 106.05 - 106.14 area
Resistance 3: 106.37 - 106.52 area
Support 1: 101.65 - 101.92 area
Support 2: 100.14 - 100.56 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Pivot Points
Breakout on EURUSDThe bearish pressure in EURUSD continues, and yesterday it broke the previous low.
The next support levels are 1,0783 and 1,0745.
Meanwhile, EURJPY has broken the resistance of its sideways movement.
If the rise continues, the target will be 167,35!
GBP is performing better than EUR, which adds extra strength to GBPJPY.
These are the opportunities we review daily in the premium channel!
SPX 500: Support Tests and Potential Upside AheadHello,
VANTAGE:SP500 may experience some support tests near the 1M pivot point. However, market sentiment remains largely overbought and anticipates further upside. If the price manages to break and hold above the 1W pivot point, we could see more upward movement. Stay tuned!
TradeWithTheTrend3344
NAS100: Resistance Test at 20,325.442Hello,
PEPPERSTONE:NAS100 is currently testing resistance at 20,325.442, where the price is lingering. If this level holds as support, we may observe additional upward movement. Conversely, if it breaks, we could see further tests of support levels, potentially heading toward the 1-month pivot point.
TradeWithTheTrend3344
XRPUSD Faces Potential Downswing Towards Key Support at 0.5216Hello,
BITSTAMP:XRPUSD has experienced some recent declines, and the overall sentiment is neutral, leaning slightly bearish. There is a potential for a further downswing toward the strong monthly support level at 0.5216. We'll need to observe how this support holds up; if it proves robust, a bullish upswing could follow.
TradeWithTheTrend3344
LTCUSD: Testing Key Support LevelsHello,
COINBASE:LTCUSD has recently rallied to a peak of 76.755 and is currently testing the support levels on both 1W/1D. The strong weekly support level at 67.456 is approaching, along with daily support levels at 69.245 and 68.634. There is optimism that these key support levels will hold, potentially leading to further upward movement. However, if they fail, we may see a pullback towards the monthly pivot point.
TradeWithTheTrend3344
DASHUSD: Key Levels and Bearish OutlookHello,
COINBASE:DASHUSD has been in a neutral phase for some time now, and it remains uncertain if it will experience any upward movement. Key support levels to watch are 6M/3M at 19.00 and 1 month at 22.19000. Currently, further bearish movement seems likely unless the price can rise above and hold above the 1M pivot point.
TradeWithTheTrend3344
BCHUSD Poised for Bullish Breakout Pending Support TestHello,
COINBASE:BCHUSD is approaching a test of the 1D support structure, and if the support holds strong, we could see further upward movement. Gradually, the price is climbing, positioning itself for more bullish momentum. As long as the 1M pivot point (PP) holds as support, the bullish trend remains intact!
TradeWithTheTrend3344
ETHUSD Testing Key Support for Bullish ContinuationHello,
BITSTAMP:ETHUSD is currently testing both the weekly and daily pivot points. If these levels hold as support, we could see an immediate upward movement. In the longer term, the price remains positioned for a bullish continuation, though there might be a retest of support around 2602.496 before the bulls take control again.
For deeper insights into pivot points and technical analysis, you might want to explore more advanced resources on market trends and price action strategies. "Technical Analysis of the Financial Markets" by John Murphy could be an excellent place to start!
TradeWithTheTrend3344
BTCUSD Bullish Continuation Amid Support TestsHello,
BITSTAMP:BTCUSD price has found support at the 1W pivot point, while the 1D pivot point has acted as resistance so far. Despite this, the overall outlook remains bullish, suggesting a continuation of the trend. The 1Y-1D trend, confirmed by the 5-200 SMA/EMA, indicates that while we may see further support tests, the long-term bullish momentum is expected to persist.
TradeWithTheTrend3344
NZD/JPY Break Above 92.293 Signals Bullish ContinuationHello,
OANDA:NZDJPY is nearing its recent 3-month/1-month high of 92.293. A decisive break and hold above this level is crucial to confirm further upside momentum. The current price action remains well-positioned for a bullish continuation, as long as it stays above the 1-month pivot point (PP), supporting continued upward movement.
TradeWithTheTrend3344
USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been looking at various markets recently, and USOIL really stood out to me. I want to share how I analyze markets using a mechanical top-down approach across all timeframes to form my trading bias.
Top-Down Analysis:
This method is crucial in my trading strategy. It helps me stay objective by focusing on what the market is indicating regarding trends and key levels, rather than letting my personal opinions cloud my judgment.
By adopting a systematic approach, I've been able to reduce doubts and fears in my trading decisions.
Now, let's dive into the top-down analysis process.
12M:
2W:
6H:
FSLR may be ready to fly!NASDAQ:FSLR received an upgrade to Buy from Neutral by Citi Bank…..while approaching the 200MA and previous area of support…..undervalued on all time frames……with plenty of headway to retest All Time highs. Given the election supports further funding for Solar Projects to assist with our energy demand we could see a significant move to the upside into year end……Let’s see how this one plays out!
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Market is Holding above the Resistance , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts