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DJ FXCM Index

DXY topped on the 1-year Channel Down. Strong downside potentialThe U.S. Dollar index (DXY) has been trading within a Channel Down pattern since the October 03 2023 High (13 months) and yesterday got the first red 1D candle after almost touching the pattern's top (Lower Highs trend-line) the day before. As the 1D RSI has dropped significantly after being overbought 2 weeks ago, this is a very similar top formation to the Highs of April 16 2024 and October 03 2023. As a result this is the earliest possible sell entry we can take to target long-term the new Lower Low of the Channel Down. The previous two Bearish Legs priced their Lows after roughly a -6.00% to -6.25% decline, just above the 1.1 Fibonacci extension. As a result, our Target is 99.800. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
EURUSD giving a buy signal on amazing symmetry.EURUSD is under heavy selling pressure since the elections result. Still, today's 1day candle is the 3rd in a row that doesn't cross Support A. As you can see the pair displays an uncanny symmetry, having respected all symmetrical Resistance and Support levels since the Double Top of September 25th. This is a buy signal that is aiming at 1.09000 (June 4th High). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
USDCHF Short-term Channel Up targeting 0.88120The USDCHF pair is following very accurately our September 17 projection (see chart below) and is already half-way through our 0.90500 Target: As mentioned then that was a long-term bottom buy opportunity, but that doesn't mean shorter ones don't exist on the lower time-frames. On this chart, we've identified one on the 4H time-frame where the price got rejected at the top of the October Channel Up and pulled back to the 0.382 Fibonacci retracement level. This resembles the October 08 0.382 Fib rejection, which was also contained above the 4H MA50 (blue trend-line) and resumed the uptrend all the way to the -0.236 Fib extension. As a result, our short-term Target is 0.88120. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
$USINTR -Feds Cuts RatesECONOMICS:USINTR (November/2024) source: Federal Reserve -The Fed lowered the federal funds target range by 25 basis points to 4.5%-4.75% at its November 2024 meeting, following a jumbo 50 basis point cut in September, in line with expectations. Policymakers reiterated their previous message that they will carefully assess incoming data, the evolving outlook, and the balance of risks when considering additional adjustments to borrowing costs. On the economic front, the Fed noted that recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the 2% objective but remains somewhat elevated. However, officials removed a reference they had “gained greater confidence” that inflation is moving toward the target.
ECONOMICS:USINTR
by Mr_J__fx
EURUSD MA50 (4h) rejection gives one more buy opportunity.EURUSD got rejected today on the MA50 (4h), after the price bottomed yesterday near the lows of the Channel Down. The rejection could technically be a final buy opportunity similar to the October 25th rejection, which lated resumed the uptrend and completed a +1.64% bullish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08550 (+1.64% from the low). Tips: 1. The RSI (4h) crossed above the MA trend line, confirming that this is indeed a bullish wave. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
1
GOLD REACHES NEW HEIGHTS AMID RISING SAFE-HAVEN DEMANDUS economic data   Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy. ECB rate cut   ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach. US dollar index-   The US dollar index showed a minor decline due to profit booking.  A break above 104 would confirm a continuation of the bullish trend.   Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
OANDA:XAUUSDLong
by DCFX-TA
Weekly FOREX Forecast: USD Is Strong Vs EUR, GBP, AUD NZDThis is an outlook for the week of Nov 4 - 8th. In this video, we will analyze the following FX markets: USD Index, EUR, GBP, AUD, and NZD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Editors' picks
CME:6N1!
by RT_Money
4
DXY bulls are enjoying the moment. But for how long?Yes, the positivity is coming in for DXY bulls, but is it just an illusion? Stick around and let's take a quick look. TVC:DXY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:USXUSD
by easyMarkets
GBPUSD: Updated Support & Resistance Analysis 🇬🇧🇺🇸 Here is my latest structure analysis for GBPUSD. Horizontal Structures Resistance 1: 1.304 - 1.310 area Resistance 2: 1.331 - 1.332 area Resistance 3: 1.341 - 1.343 area Support 1: 1.284 - 1.286 area Support 2: 1.277 - 1.280 area Support 3: 1.266 - 1.269 area Vertical Structures Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48 Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF GEOPOLITICS As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price US ELECTIONs As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
OANDA:XAUUSDShort
by Wakeel_Saab
EURUSD: Get ready for a fast short.EURUSD is neutral on its 1D technical outlook (RSI = 53.619, MACD = -0.004, ADX = 44.229) as it has started the new bullish wave following the test of the 1 year HL trendline but on 1H it got overbought (RSI = 76.034) rebounding very aggressively on its 1H MA50. That is fairly similar to the October 30th rebound of the bullish wave that topped upon a +1.15% rise. We are approaching that % increase so get ready to short. So far we have had two pullbacks of -0.56% each, an amazing display of symmetry inside the Channel Up. That is our target on the short term (TP = 1.08950). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD VOLATILITY TRADEOn the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44. On the daily chart, price continues to form new highs. On the short term (daily), we are looking at a bearish price correction fueled by the US election volatility. Price is expected to correct towards the 1.35-1.32 range thereafter resuming the original long term bullish price correction.
by morrisgitau
GPBUSD Bearish Megaphone starting new wave.GBPUSD is trading inside a Bearish Megaphone for the past 30 trading days. The price may now be supported by the 1hour MA50 but has formed the bearish formation it had on all prior tops under the Falling Resistance. The 1hour RSI has formed a similar topping pattern. As a result, this is a standard sell signal for the Bearish Megaphone. All declines reached the 1.5 Fibonacci extension, so we can target at least the previous Low at 1.2850. Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot