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US30

US30 Analysis: Eyes on USD Strength Amid CPI DataHey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows. The recent release of CPI data showing a higher-than-expected increase in inflation has bolstered expectations for USD strength. With inflationary pressures mounting, there's growing speculation that the Federal Reserve may adopt a more hawkish stance, potentially leading to a stronger USD. Furthermore, the negative correlation between USD and US30 suggests that a strengthening USD could weigh on the performance of US30.
BLACKBULL:US30Short
by JoeChampion
US30 imminent shorts down towards 37700.0Last week, the US30 exhibited significant potential for a more favourable market environment, offering several promising trading opportunities. Following the completion of a Wyckoff distribution on a higher time frame, validated by a CHOCH, I anticipate a selling opportunity as the price retraces into a distinct 16-hour supply zone. Although the price closed within the zone, it underwent a redistribution phase on a lower time frame, signalling a selling position. Presently, I am awaiting the breach of the upcoming Asian high to access a clean Order Block (OB) for initiating my sell position. Confluences for US30 Sells are as follows: - Price has completed a Wyckoff distribution on a higher time frame confirmed with a CHOCH. - Clean unmitigated 16hr supply zone that caused market shift has been tapped into. - Wyckoff re-distribution has taken place within the lower time frames. - Lots of liquidity to the downside in the form of Asian lows, trendlines and equal lows. - Price has been moving very bearish and it's getting exhausted hence why we got that bearish drop recently. - For price to keep going up it must go down so we can expect temporary sells maybe down to a better demand. P.S. While the market remains predominantly bullish, the recent downward movement was anticipated, signaling exhaustion of bullish momentum. This could mark the beginning of a bearish trend, presenting potential opportunities for short-term selling positions. HAVE A GREAT TRADING WEEK AHEAD GUYS!
OANDA:US30USDShort
by Hassan_fx
2
US30 Is Bullish! Buy! Please, check our technical outlook for US30. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 37667.71. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 38367.61 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
EIGHTCAP:US30Long
by SignalProvider
1
TARGET REACHED - And ongoing to Target 2 - 40,0042The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell. So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week. But it looks like the next target is set for 40,0042. I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.
DJ:DJILong
by Timonrosso
us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins. Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts). TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out * What do I like about this trade ? My entry was good & stayed calm when price retraced up * What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis * On a scale of 1 to 10, where would I rate this Trade now? 8/10 * If I were not in a trade now, would I take the opposite trade ? No
CAPITALCOM:US30Short
by mrachaw
10 Daily Outlooks. D3. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
by Yelli_trades
US30 4H : Upward US30 New forecast Yesterday, the index price achieved new historical gains by touching the level of 38124, then it was forced to form a temporary sideways fluctuation by settling near 38000. However, this will not affect the main upward path due to the repeated stability above the stable support at 37814. The price may currently continue offering sideways trades until it gathers additional positive momentum to enable it to renew upward attempts, which may soon target the 38460 level, reaching the historical resistance extending towards 38850. The expect range trading for today it will be between the resistance line 38460 and support line 37814 until stabilized . support line : 37814 , 37645 resistance line : 38124 , 38460 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like❤️
OANDA:US30USDLong
by Arazmajeed
8
DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100. If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
1
US30 Longs from 38380.0 back upMy bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable. My focus shifts to the 12-hour demand zone near 38380.0, where an engulfing candle triggered the latest break in structure. This zone, lining up with the 0.78 Fibonacci range, offers a chance for a Wyckoff accumulation to formulate so we can ultimately buy back up. Confluences for US30 buys are as follows. - Price broke structure to the upside once again leaving a clean 12hr demand. - POI also sits within the 0.78 fib range as well. - Trendline liquidity is left on top of the zone, so once it gets swept we can then hopefully see a nice reaction off our zone. - Overall trend and the current trend still remain to be very bullish. - Candlestick anatomy also shows that bulls remain stronger than bears. - Liquidity left at the new high in the form of a wick. P.S. While buys are currently preferable, we mustn't solely fixate on one bias. It's essential to remain open to alternatives that could unfold. For instance, if bullish pressure weakens, price might sharply decline, signalling a shift in momentum to the downside. I hope you guys found this post insightful, have a great trading week everyone!
OANDA:US30USDLong
by Hassan_fx
2
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
SKILLING:US30Short
by ShahedZare
US30 SELLUS30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure. Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking 40points) TP1: 38590.00. TP2: 38550.000 TP3: 38500.000 Approach where Possible & respond to Price is to take Partials profits from TP2 onwards. * Where has the market moved since I entered my trade? Slight Profits * If I looked at the market now, would I take the same trade?Yes * How do I feel about my trade? Feel neutral and slightly optimistic * What do I like about this trade ? patiently waited for more confluence and good Entry * What do I dis-like about this trade now? Choppy & slow * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ?No
CAPITALCOM:US30Short
by mrachaw
4
DOW JONES: Overbought and at the top of the Channel Up. Bearish Dow Jones is on a bullish 1D technical outlook (RSI = 59.534, MACD = 196.180, ADX = 37.569) that up to last week was overbought but now the momentum shows weakness on losing steam as the price is at the top of the Channel Up pattern. The 1D CCI is showing the same decline from overbought levels that it showed before the three major declines in 2023. This keeps us bearish on Dow, targeting the 0.382 Fibonacci level (TP = 36,500) which was the first target of the two prior HH of the Channel Up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
US30 Intra-Week Analysis Feb 8th, 2024In the past 2 weeks, us30 has strictly been rallying, printing new All-Time-Highs weekly. Last week we finally saw an almost 500 point correction after FED Powells FOMC speech where he indicated that they don't plan to cut rates any time soon, ending the rate cuts narrative driving the market. Despite that, this correction was short lived as we continued to print more ATHs due to excellent jobs data later in the week and stock market greed driving investors to squeeze more profits. This week we can expect some consolidation and signs of exhaustion at these ATHs with another potential correction before more bullish momentum. Otherwise, if price breaks above 38600 we can adapt to buys sooner.
CAPITALCOM:US30
by Itskaleel
Dowjones under the weight of a strong DollarHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38600 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38600 support and resistance zone. Fundamentally we would like to consider the current strong macro context of the dollar as the top performer of the week. noticing also that Dowjones is often in a negative correlation with the dollar so a strong dollar should be heavy on US30. Trade safe, Joe.
BLACKBULL:US30Short
by JoeChampion
US500 M15 / Expecting a rise until the price of 5000 💲Hello traders! This is my idea related to the US500 M15. The sellers' sentiment is still strong, and I expect a new ATH until the price of 5000 after that, I will look for a shot trade entry. It represents a good opportunity to look for a long trade entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
CAPITALCOM:US500Long
by GoodTradeST
A Traders’ Week Ahead Playbook: Don’t fight the USD trend We move past an important week for markets, one where a one-two punch from Jay Powell’s FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut. With US economic exceptionalism coming back into the narrative, we see this play out in the bond market with the US 2-year Treasury pushing back to the top of the range at 4.36%, with yield rising faster than its G10 counterparts. The USD has found some fine form in a backdrop of US rate expectations repricing and US yield premium working in its favour, and we see the DXY closing higher for a fifth consecutive week. We have seen some big technical breaks in the USD pairs and the upside would likely have been even more pronounced had we not seen the S&P500 push to new highs and the VIX index remain below 14%. With the yield premium commanded for US 2yr Treasury over German 2yr bonds rising to 180bp we’ve seen EURUSD close at new run lows in the trend that started on 11 Jan – we see price testing the channel lows, subsequently longs need a bounce here or we risk testing the 8 Dec pivot low of 1.0723. While much of the USD flow has been driven by US rates repricing (notably with SOFR futures Dec23 – Dec 24) rising to -131bp, the prospect of a further widening of US-GE yields spreads seems likely and therefore further downside in EURUSD could be a theme this week. The NOK was the weakest play in G10 FX last week, with a weaker Brent tape part impacting here – flick to the daily chart of SpotBrent and we see the series of higher lows from the 13 Dec breaking down and price pulling into the heavy congestion zone – consolidation may be on the cards but further weakness in crude would likely weigh on the NOK. NZDUSD is also of note having completed a bear flag pattern, with the flow arguing for a continuation towards 0.5900. AUDUSD has completed a head and shoulders reversal, offering a target towards 0.6250. USDJPY eyes a test of the January highs, where a break of 148.81 would suggest a move to 150 is on the cards. Gold ended a run of consecutive days higher on Friday but the set-up on the higher timeframes remains choppy – that said, a renewed push higher in both the USD and US real rates this week and $2k could easily be on the cards. We can look at US 10yr real rates (i.e. the 10yr US Treasury minus 10yr expected inflation) on TradingView (code: TVC:US10Y-FRED:T10YIE), and a break of 1.90% should put 2% back on the table. On the equity front, the ASX200 was a stellar performer last week and will be a key focal point this week with ASX200 1H24 earnings starting to trickle in and the RBA statement also in focus. The US500 and US30 also performed well and pushed to new highs – pullbacks are tight in this bull market and while it remains hard to put new money to work on the long side up here, shorting for those who are not scalpers or day traders remains a low probability outcome at this stage. Good luck to all. The marquee event risks for traders to navigate: Tuesday US ISM services report (02:00 AEDT) – The market looks for the services index to come in at 52.0 (from 50.6), once again showing resilience in the US service sector. Solid expansion (i.e. a reading above 50 shows expansion from the prior month) should further price out the chance of a 25bp cut in the March FOMC and support USD upside. The ‘SLOOS’ report - US Senior Loan Officers Survey on bank lending practices (06:00 AEDT) – with US regional bank concerns in the spotlight this report on bank lending standards may get some focus from the market. Japan nominal and real cash earnings (10:30 AEDT) – After a weak read in the November data, economists expect some improvement in real wages. Although should it come out as expected at -1.5%, it will further delay calls for the BoJ to move away from negative rates. RBA meeting & Statement on Monetary policy (both 14:30 AEDT) – The start of a new regime of communication for the RBA with the bank releasing its quarterly economic projections and Gov Bullock following the statement with a press conference. The RBA won’t cut interest rates at this meeting but should move to a move balanced statement. The move in the AUD will come from the tone of the statement relative to pricing in the interest rates curve. See my preview here - pepperstone.com RBA Gov Bullock speaks (15:30 AEDT) – Following on from the RBA statement Gov Bullock’s comments could impact AUD, especially given she will be probed on some key issue in the presser – a clear risk event for AUD exposures. ECB 1- & 3-year CPI expectations (20:00 AEDT) – there is no consensus to work off here, but there should be downside risks to the prior estimate of 3.2% (1yr) and 2.2% (3yr). Notably, look for the 1-year CPI expectations to be revised to 3.1%, possibly even 3%. Wednesday NZ Q4 employment report & wages (08:45 AEDT) – the market looks for the Q4 U/E rate to rise to 4.3% (from 3.9%) – a higher unemployment rate will solidify the case for the RBNZ to cut at the May meeting. Favour NZDUSD downside this week given the current technical set-up. Thursday Mexico CPI (23:00 AEDT) – The consensus is we see headline CPI at 0.90% MoM, taking the year-on-year pace to 4.89% yoy (from 4.66%). Core CPI is eyed lower though with calls for 4.72% from 5.09%), but perhaps not substantial enough to see Banxico cut the overnight rate from 11.25%. No firm bias on USDMXN, but I look for EURMXN downside. China CPI/PPI (12:30 AEDT) – The market looks for China’s consumer prices to fall 0.5% in January marking the fourth consecutive month of deflation. Producer price inflation is expected to fall 2.6% (from -2.5%). It’s unlikely to be a volatility event for markets but it could reinforce the notion that internal demand is soft and that the PBoC has scope to do more. Friday Banxico meeting (06:00 AEDT) – the Mex CPI print (due on Thursday) may alter expectations for a cut, but the core view from economists is that rates should remain at 11.25%, although there is a small risk of a 25bp cut. Mexican forward rates price 181bp of cuts over the coming 12 months, with March the likely date of a cut. China new yuan loans and aggregate financing (no set time through the week) – this data can be important for Chinese markets, and notably this time around we see expectations for a big increase in credit extension in January. The market looks for new yuan loans to come in at RMB4.5t in Jan, which if correct would be the second largest monthly credit extension ever. US CPI revisions – Each year the Bureau of Labor Statistics tweak the weightings of the inputs that feed into the CPI calculation, which can affect prior seasonally adjusted prints. It won’t be a volatility event, but economists will be looking out to see how the new weights impact the future trajectory for inflation expectations. Canada employment report (Sat 00:30 AEDT) – the market looks for 15k net jobs to have been created in January, with the unemployment rate eyed to tick up to 5.9%. The market has pared back expectations of imminent easing with June now seen as the most likely month for a 25bp cut from the BoC – a weak employment report could see that pricing brought forward. The CAD has been a solid performer in G10 FX of late, notably vs the AUD and NZD, and I am seeing a higher probability of further downside momentum in NZDCAD. Other event risks that could impact sentiment: China Lunar New Year (Friday) Fed speakers – this week we hear from 14 Fed members. BoE speakers – Huw Pill (6 Feb 04:30 AEDT), Breedon (7 Feb 19:40 AEDT), Catherine Mann (9 Feb 02:00 AEDT). ECB speakers – Wunsch, Lane (9 Feb 02:30 AEDT), Nagel (9 Feb 21:30 AEDT), Cipollone (10 Feb 01:15 AEDT) US earnings – we move past the marquee week for US earnings, and the big market cap names have hit us with numbers, so bottom-up factors will fade, and the macro will fully dictate sentiment once again. 46% of S&P500 companies have now reported, 78% of beaten on the EPS line (by an average of 7.1%), with 53% beating consensus sales expectations. We’ve seen 4% aggregate EPS growth. This week 10% of the S&P500 market report – McDonald’s and Caterpillar are a couple that may get a focus from traders. ASX200 earnings – ASX200 1H24 earnings start to trickle in with names like Amcor, Mirvac, Transurban, AGL and REA due to report. CBA report on 14 Feb.
CME:SR3Z2023Long
by Pepperstone
Strong Bullish Momentum in US30 "📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently waiting for a potential 1% price pullback. Subsequently, I would seek opportunities to go long, placing my stops below the previous low to target a gain of around 2%. Your support for my channel through likes, comments, shares, reposts, and cheers is sincerely valued. Thank you. 🙌🚀"
DJ:DJI
by Districtfx
5
US30 Longs from 38200.0 or 37600.0 back upMy bias for US30 this week remains bullish, especially after it broke structure to the upside following the NFP release. This breakout formed a new demand zone, providing potential buying opportunities. Alternatively, if price doesn't respect this zone, it may decline further to breach the trendline near Point (A) POI and then reach the 3hr demand zone beneath it. Currently, I anticipate a correction and pullback to facilitate the formation of a Wyckoff accumulation pattern within these zones. Once price shows signs of slowing down and demonstrates a clear change of character to the upside on lower time frames, I will start considering buy positions. Confluences fro US30 buys are as follows: - Price broke structure to the upside once again to the upside leaving a new 6hr demand zone. - Liquidity left in the form of a wick above and price looks like it will undergo a retracement. - Overall market structure on the lower and higher time frame still remains bullish as well. - Sentiment analysis also shows US30 to be VERY bullish. - Candlestick anatomy still shows how strong the bulls are in this market. P.S. It's intriguing to observe the strong bullish momentum in US30. However, I remain cautious not to solely concentrate on buying opportunities, as I acknowledge the possibility of the bullish pressure waning and US30 transitioning into a possible bearish trend. REMEMBER TO ALWAYS BE ADAPTIVE! Have a great trading week guys and lets catch these pips!
OANDA:US30USDLong
by Hassan_fx
DOW JONES (US30) - Potential long ✅Hello traders! ‼️ This is my perspective on DOW JONES. Technical analysis: Here we are in a strong bullish market structure, so I look only for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
CAPITALCOM:US30Long
by Snick3rSD