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US30 SHORT/LONG NON FARM PAYROLLAs traders, we constantly seek opportunities to capitalize on market movements driven by fundamental events. One such event that significantly influences the financial markets, particularly the US30 index, is the release of the Non-Farm Payroll (NFP) report. This monthly economic indicator published by the U.S. Bureau of Labor Statistics provides insight into the overall health of the U.S. labor market, making it a crucial piece of data for traders and investors alike. Our trading strategy revolves around the premise that the US30 index tends to react strongly to deviations from expectations in the NFP report. Specifically, we have devised a clear approach for trading US30 based on the outcome of the NFP report: Low NFP Figures (Below Expectations): When the NFP report reveals figures that fall below market expectations, indicating a potential weakness in the labor market, we anticipate a negative sentiment in the market. Historically, disappointing NFP figures have led to downward pressure on the US30 index as investors interpret such data as a sign of economic sluggishness. Consequently, we will be actively seeking short positions on the US30 index in anticipation of a bearish trend. Positive NFP Figures (Above Expectations): Conversely, if the NFP report exceeds consensus forecasts, signaling robust job growth and economic vitality, we expect a positive reaction in the market. In such scenarios, traders typically interpret strong NFP figures as a bullish signal for the U.S. economy and, consequently, for the US30 index. As a result, we will be inclined to pursue long positions on the US30 index, anticipating an uptrend fueled by optimistic market sentiment. By adhering to this trading strategy, we aim to capitalize on the volatility and directional bias triggered by the release of the NFP report. It's important to note that while this strategy provides a framework for decision-making, prudent risk management and thorough analysis of market conditions should always accompany any trading approach. Additionally, it's crucial to monitor other economic indicators, geopolitical developments, and market sentiment to refine our trading decisions and adapt to changing market dynamics.
BLACKBULL:US30
by Thabokrad17
US30 M30 | Bearish Drop Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 39342, which is a pullback resistance that is close to 23.6% Fibo retracement. Our take profit will be at 38953.69, a pullback support level. The stop loss will be placed at 39760, a pullback esistance level 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. 66% 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. 70% 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.
FX:US30Short
by FXCM
US30: Dow Jones Retreats After Double Top FormationThe Dow Jones Industrial Average has shifted into negative territory, experiencing a notable downturn following a double top formation around the $40,000 mark on April 1st. As of the time of writing, the price has descended to $39,179, exhibiting a reaction near the neckline of the price pattern. This development prompts a strategic approach based on Fibonacci levels, indicating potential pullback zones where sell limits have been set to capitalize on retracement opportunities. The recent softness in US services activity data has provided a degree of respite for investors, who have been increasingly apprehensive about the implications of robust US macroeconomic indicators on Federal Reserve monetary policy. Specifically, the US ISM Services Purchasing Managers' Index (PMI) dipped to 51.4 in March from 52.6 in February, contrary to market expectations of a marginal uptick to 52.7. Furthermore, the Prices Paid sub-index receded to 53.4 from 58.6, marking its lowest reading in years and indicating a disinflationary trend in the economy. These figures have somewhat counterbalanced the impact of strong ADP employment data and hawkish remarks from Federal Reserve Chair Powell and Atlanta Fed President Bostic. In light of these developments, our strategy revolves around anticipating a pullback from the previous zone area, followed by a renewed downward movement. This tactical approach aims to capitalize on market dynamics and potential retracement opportunities, aligning with broader market sentiments and macroeconomic indicators. As market conditions evolve, continued monitoring and adjustment of strategies will be essential to adapt to changing dynamics and capitalize on emerging opportunities in the Dow Jones Industrial Average.
BLACKBULL:US30
by FOREXN1
1
its possible to test te highs again This technical analysis sounds promising! Here's a breakdown: Support Line Test: The price reached a level (support line) where previous buying pressure halted the decline. This suggests demand for the asset at that price point. Retest of Support: The price dipped back towards the support line but didn't break through. This retest can be seen as a confirmation of the support level's validity. Together, these pattern suggests a potential reversal: The price might be bouncing off the support, indicating a possible upswing.
CAPITALCOM:US30Long
by Mohamudfx29
4
US30Daily The beginning of a reversal (to the upside) the completion of todays candlestick will help confirm that. It looks to be forming an evening star right at the top of the resistance which adds to our confirmation. 4H We definitely are still on the right track but we are still just slightly early. Got the test of the previous resistance (39620) correct just days later 1H Expanding wedge during a bear channel, yet it is a bullish trend. So we either anticipate this as a reversal (to continue the bear run) or we see this as a reversal to bring back the bulls in the market. 15Min Wait and watch
PEPPERSTONE:US30
by Mhangwane1
DOW JONES Sell the MA50 (1d) break out.Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection. If it crosses under the MA50 (1d), the strongest short term sell signal emerges. Trading Plan: 1. Sell if the price crosses under the MA50 (1d). Targets: 1. 38050 (Support A). Tips: 1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided with MA50 (1d) break outs, so use it as an additional sell signal. 2. The strongest long term buy entry has been when the RSI (1d) breaks under the 30.00 oversold limit. Please like, follow and comment!!
CAPITALCOM:US30Short
by TradingBrokersView
Bearish momentum to extend?Could the DJIA (US30) extend its current downturn beyond the pivot point and drop toward a support level at 38,693.81? Pivot: 39,078.84 Support: 38,693.81 Resistance: 39,329.55 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US30Short
by ICmarkets