USDJPY Double BottomUSDJPY seems quite ready to push up, though it could be early to buy but not a bad idea to take the risk to get an early entry. Use proper risk management.
Usindex
AUDUSD small push to the downsideAUDUSD will still continue to drop to the downside with a reversal candle. Don't short without proper confirmation because it might push up a bit further before dropping.
DOW JONES INDEX Analysis .TVC:DJI was strong enough to considerably bounce off the red strong trendline , it's actually quite a good first sign that it is strong enough to stay above the red trendline and/or the red rectangle area (24500-25250).
In fact as long as it stays above the red rectangle area , Dow will be trying to break above the Major line (Green Line) .
The longer price remains above the white trendline , the better the chance for a break above the Major Line .
But if it fails to stay above the red rectangle and breaks below it , it would have a considerable probability to continue down , first, to the blue line (around 22500) .
DXY (USINDEX) BUY FROM MAJOR SUPPORT !!!We are start buying USDollar Index from this strong support zone
with low risk and high reward
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DOW JONES INDEX Analysis .This is going to be a general overview on the Dow Jones from a weekly perspective.More details are to be found on the analysis I will be posting from the daily perspective .
TVC:DJI has lost yesterday almost 7 percent in one day which has probably made many people panick .This was quite expectable because the up trend that officially started the week of March 23rd wasn't sustainable which made the market weaken as it went up.That's why as soon as the white line (resistance) was hit the market fell right away .
Actually in the long term this is healthy for the market as long as no major levels are broken below .
dxyUS dollar index: possible great buy opportunity ahead,!
do not trades based on someone else idea, learn how to trade the right way, plan your trade and trade your plan !!!
Pls comment below your feedback , this will help me to help you finding great setup like this one!!!
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Ali Dib
The Chart Trader
USD INDEX MAY BULLISHUSD may getting stronger as the price currently hitting strong demand zone. As we know, NFP result was great for currency. But we cannot take this for overall USD pair.
Take fundamental analysis for trading too for other pair. But for now, the price may bear until it hit demand zone for bullish. I currently trading eurusd sell for now.
S&P500 outlookPrice found resistance and broke the uptrend line, now consolidating at 50SMA, a break lower is a sell signal.
Target 2920 area. Big support below that as the previous low could be the neckline to DT and 200SMA is slowly getting to that level.
If we go back above the red resistance it is a potential buy signal.
Let's see the sentiment for today.
Please support the idea and share your thought on S&P500!
Good Luck and Stay Healthy!
ENTRY - 2 WEEKS ONLY TO ANALYSE DX1! - US DOLLAR - DAILYThank you for your likes! Please share to benefit our community! Very appreciated!
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Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month.
The probability is increased when we see that there is a pressurized triangle shape with a strong resistance and an uptrend support which can be broken because of its angle.
Keep in mind that the market has top and bottom pic s which are still strongly in the memory of the investors.
What to do ?
- 2 weeks to analyse the market
- Prepare to enter in 2 weeks or 3 ready to make profits.
Probability:
- Higher probability to observe a market reversal trend
- Market have still chances to break the resistance line. If this case happen, wait for the uptrend to vanish to enter short. Short entry stays still more interesting.
SP500 short outlook 🦐The market after a rise to the upside can't make new fresh highs.
Covid instability on USA company make the future outlook not clear and the market start to lose the positive momentum.
Price hit and EMA 200 and got rejected and now if the price will manage to break the structure in blue we could look for a nice short position according with our signal with the target to the next strong support level around 2600 area.
DOW JONES INDEX Analysis .I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .
KO - Eyes open - Idea coca-colaAnother good opportunity
If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle.
61.8% fibo range is the sweet spot to enter long if the above scenario happens.
In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.
EURUSD UpdateThis pair is pushing up exactly as we wanted it too. We will hold and see how far it will go. Don't sleep on this pair, still major peeps to be caught.
S&P500 outlookA rising channel formed. S&P500 had trouble making new highs overall, showing potential bullish exhaustion.
Waiting for the break of the channel and 50SMA on a 4 hour time frame to target 2800.
So far the week started on a risk off mood.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
EURUSD Potential LongEURUSD has started moving to the upside, so now is a matter of catching up with it and getting an entry to the upside for the long. The target would be to the blue highlighted area as the first one ad we would decide from there what happens after.
GBPUSD Potential Drop.Patience is needed on this pair, we can only consider to sell if the prices pushes to the red box. If it doesn't reac it, just disregard it and move on. You don't have to risk too muvh on your stoploss for a little bit of profit. Fib level of 168 will be a perfect target. Trade with care.
GBPUSD Potential DownsideGBPUSD depending on the daily close and price action, it will confirm if the pair should push down to the previous support.
XAUUSD (GOLD) Potential drop.This pair has been confusing and has been giving us proper patterns but just not going with the patterns but going against them. Hopefully now is the time to sell after the retest of the trendline. Be patient, if we won't get the retest, do not sell, YOU WILL GET BURNT.
AUDUSD Potential SELLThe Sell off has already began if you are a risk taker, the price action is clear on what it has to fofom. The target is an obvious supply & demand to the low. Watch this pair go down without you if you are not gonna trade it.
NZDUSD ShortThis pair is not invalidated to the downside yet, it is still valid for a sell off, Do not risk what you do not want to risk. That level has been tested more than three times.
USDJPY Trend ContinuationUSDJPY short confirmed by a classic third bounce from the trendline for a continuation short to the downside target at Fib Extension level of 138. Price action also agrees for the short. Use proper risk management.
