US Dollar - Extremely Bullish Looking The US Dollar Index is looking extremely bullish with clear markets on the chart :
- Breakout since it went past 99/100
- Clear Cup and Handle formation on the Weekly and Monthly time frames
- Bullish W formation from 2018-2022
Are we looking towards 120 and 134 as medium to longer term targets?
What does this mean for the other currencies? EUR and GBP are already collapsing against USD....
US
Daily US Volatility Forecast 25 May 22 SPY,SPX, QQQ, NDXSPX/ES/SPY 26 May 2022
The current volatility is expected with close to 85% chance to be below 1.85%
In this case, our channel for today is going to be
TOP 4045
BOT 3900
From fundamental point of view, today we are going to have US GDP release, which it may affect with a high probability
the price of this asset
Since the expected GDP is going to be negative/bearish compared to the previous values, I believe once we are close to 30k
we can enter in a short trade before the release of the data.
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NDX/NQ/QQQ 26 May 2022
The current volatility is expected with close to 85% chance to be below 2.28%
In this case, our channel for today is going to be
TOP 12150
BOT 11600
From fundamental point of view, today we are going to have US GDP release, which it may affect with a high probability
the price of this asset
Since the expected GDP is going to be negative/bearish compared to the previous values, I believe once we are close to 30k
we can enter in a short trade before the release of the data.
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Daily US Volatility Forecast 23 May 22 SPY,SPX, QQQ, NDX, IWMSPX/ES/SPY 25 May 2022
The current expected volatility movement for today, with around 85% chance, is that is going be below 1.85%
In this case the channel for this asset is going to be:
TOP ~4025
BOT ~3875
For SPY, you can take the current opening price of the asset and to make the top/bot you should add or rest 7.2 points
Lets imagine the price will open on 394
TOP 394 + 7.2
BOT 394 - 7.2
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Lastly, we can see that the point of concentration of the volume is around 3950
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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NDX/NQ/QQQ 25 May 2022
The current expected volatility movement for today, with around 85% chance, is that is going be below 2.2%
In this case the channel for this asset is going to be:
TOP ~12070
BOT ~11550
For QQQ, you can take the current opening price of the asset and to make the top/bot you should add or rest 6.7 points
Lets imagine the price will open on 288
TOP 288 + 6.7
BOT 288 - 6.7
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Lastly, we can see that the point of concentration of the volume is around 11800
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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Russel 2000 25 May 2022
The current expected volatility movement for today, with around 80% chance, is that is going be below 2.22%
In this case the channel for this asset is going to be:
TOP ~180
BOT ~171
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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Bearish Divergence on DXY could be good for Bitcoin and CryptoThe daily chart of the US dollar (DXY) shows bearish divergence. This occurs when there is a higher high in the price and a lower high on the RSI over the same time period. The blue MACD line also crossed below the red signal line, indicating a change in trend to negative for the dollar. This set up indicates that the price of the dollar could fall further to an oversold condition. A fall in the dollar would likely drive a rise in Bitcoin, Ethereum and other crypto as they tend to have an inverse relationship. It is important to note that crypto has been trading closely with the stock market. I recently posted about how the SPY has a bullish divergence on the daily chart with RSI. This could lead to a stock market rally in the near term, which would mostly likely result in a Bitcoin and crypto rally.
Let me know your thoughts in the comment section.
David Zanoni
US30 NDSThere is no buyers moving in after fake rally against the market direction and I personally confused about the reaction of price to H+ levels but I think this H+ will fail finally and price goes to the end of symmetrical leg 3
Happy trading <3
US30 SELLUS30 Sell,
using the same strategy as in forex I am see how I translates
FVG + Order Block into FVG 1H
Joe Gun2Head Trade - More downside for S&P500Trade Idea: More downside for S&P500
Reasoning: Downward sloping head and shoulders top pattern
Entry Level: 3989
Take Profit Level: 3860
Stop Loss: 4047
Risk/Reward: 2.24:1
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US 100 more down trend still Still trading below the pattern and will hit the target 🎯 shows in the chart
Make it simple make easy
Direxion Daily Small Cap Bear 3X Short. Is The US market crash?Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ?
Sincereley L.E.D In Spain 14/05/2022
Oil Next Move Before Summer This my idea about the current movement on oil
we have seen a big chart aiming at 120$+
But for the moment and in the present situation things need to chill out and gain power and clear path.
we will see increase in prices very soon but this is a time to take the chance of an exploit and benefice from it.
Never trust a candle use your risk and money management very well, you can get money but you can lose it to (don't risk with what you can't lose)
USDCAD - BEARISH HEAD AND SHOULDERS 📉the USDCAD price is in bearish head and shoulders pattern, and is in daily resistance level .
i predict a bearish move 📉 i'm waiting for breakout and retest in the key level 🚀
TARGET: 1.27243 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
US dollar and DXYThe US dollar still maintains some strength after the DXY recorded the last peak at 103.78, before the results of the Job Openings and Labor Turnover Survey (JOLTS) were released today.
Also this week, the US dollar is awaiting many important indicators that affect its trading, starting from tomorrow, Wednesday
The 1.4% decline in first-quarter GDP released last week may catch the eye of the FOMC with high inflation readings and waning positivity labor market data support prospects for a follow-up rate hike
104 to 104.70 a very possible target in the coming period and we may see more
Sidemarket SPX 2 May 2022With the daily close of 1 May, with 80% confidence, we can assume that
SPX TOP is going to be around 4200
SPX BOTTOM is going to be around 4065
From Volume point, we can see that the POC is around 4150 area
From volatility point, we are in the 75th Percentile of HV, with an aprox daily movement of 1.46%, while current VIX is around 33 / sqrt(252) an aprox 2% implied daily movement.
So currently IV > HV, good moment to be a seller to benefit from overvalued option selling.
From the fundamental POV, news that can affect it
ISM Manufacturing PMI (Apr) , where the current forecast is bullish.
From the intraday mode, we can see as well we are in the middle ground(sidemarket)
I believe currently since is the beginning of the month, the overall sentiment that I have is sidemarket So an IC 4200/4050 can be a very safe bet with a very positive R:R
US02Y-US10Y 🎯Wells Fargo Chart of the Week 🎯💰🤔Hey Fam. 😊🙏Just wanted to share this information with you all.. I found it very interesting.. This was a chart of week that Wells Fargo shared on there site. I thought it was interesting how they saw a 4 week inversion roughly 43 weeks on average in regards to our last seven Recessions before they happened (Shaded Areas on chart) Before a US recession officially started.. which is roughly about 10 months..🎯💰🤔👌🙏😊