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US30USD Will Go Higher From Support! Long! Here is our detailed technical review for US30USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 42,119.2. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
2
NIFTY50.....Note the open targets!Hello traders, The hammer candle on Friday the 24th turned out to be a "failed" buy signal. The price touched the declining trend line on Monday's open and reversed (1 on our chart). In the following hours, the price fell below the support line and dropped to 24073.90 on Friday the 24th! A possible wave a of 2 has been established here. There is still another open target area. As I wrote on the 16th, 23893 is a price area to reach! This area is marked with the rectangle. It needs a break of the high at 25234 to give a fresh buy signal! The weekly total is also valid. The NIFTY50 has risen since the 18837 area without a major correction. Sooner or later one will come. The longer it takes, the steeper the correction will be! For short term trading, we focus on the possible levels on the downside as well as the upside. For now, it looks more corrective and in case of the upcoming election @US the market will move with more patience and caution. One note! A "fresh (new)" update does not invalidate the older updates. Note the timeframes within the update. Goals and possibilities are still valid and need to be eliminated, so I welcome and wish your comments and remarks. I may not be able to answer them "just in time", sometimes I forget! I apologize for that! But I am an "after work" trader and analyst. My family also needs some time. Thanks for your understanding! Have a great week ..... Ruebennase Please ask or comment if necessary. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Bank Nifty Index (1H) – Price Channel Analysis and Key LevelsOn the 1-hour timeframe, the Bank Nifty Index has been trading within a well-defined descending channel pattern. With Bank Nifty currently around 50,854 and down by 1.44%, the price movement within this channel provides crucial insights for potential trading setups. Here’s a detailed look at the technical setup and possible scenarios for traders. Key Observations: 1. Descending Channel Pattern: The price has been consistently respecting the boundaries of this descending channel, with the upper boundary acting as resistance and the lower boundary as support. The descending channel suggests a steady downtrend with clear pullbacks and retests at the channel boundaries, showing a balanced interaction between buyers and sellers. 2. Support and Resistance Levels: Immediate support is near the lower boundary around 50,500. A rebound from this level could offer a short-term buying opportunity within the channel. Resistance levels are located at 51,200 (the midline of the channel) and 51,500 at the upper boundary. A breakout above the channel could signal a trend reversal. 3. Volume Insights: Recent spikes in volume near the support level suggest some buying interest, although the overall trend remains bearish. For a strong move to either side, a significant increase in volume would provide better confirmation, especially if price approaches the upper boundary of the channel. 4. Trend Analysis: The descending channel pattern is indicative of a bearish trend, with potential for short-term pullbacks to the upper boundary. Traders can look to trade within this channel, capitalizing on price movements between the support and resistance boundaries. Potential Trade Scenarios: 1. Bullish Scenario: Entry: If price rebounds from the lower boundary of the channel (around 50,500), consider a long position within the channel. Take-profit levels: First target at the midline, around 51,200. Second target at the upper boundary near 51,500. Stop-loss: Below 50,400, to protect against a breakdown from the channel. 2. Bearish Scenario: Entry: If price approaches and is rejected at the upper boundary (around 51,500), consider a short position back towards the lower boundary. Downside targets: First target at 51,000 (midline support). Second target near the lower boundary around 50,500. Stop-loss: Slightly above 51,600, to avoid being caught in a breakout. 3. Breakout Scenario: A breakout above the upper boundary of the channel, especially with high volume, could signal a reversal from the downtrend to a potential uptrend. For a breakout trade, consider an entry above 51,600 with a target towards 52,000 and further upside. Trading Plan: For Long Trades: Watch for a rebound from the lower boundary or a breakout above the channel, entering positions accordingly and setting stops near recent lows. For Short Trades: Look for rejections at the upper boundary to enter short positions and ride the downtrend within the channel. --- In Summary: The Bank Nifty is moving in a descending channel pattern, offering both bullish and bearish trading opportunities within its boundaries. Traders should monitor volume and price action closely, especially near the channel limits, to confirm entries and exits. --- Tags: #BankNifty #TechnicalAnalysis #PriceChannel #SupportAndResistance #VolumeAnalysis #StockMarket #NSE #StockTrading #TradingView #BankingSector #IndianMarket #PriceAction
NSE:BANKNIFTY
by TradeAXN
#Nifty50 outlook for upcoming week 28-1st Nov 2024. Nifty Nosedives! This week, the Nifty took a dramatic plunge, closing a hefty 700 points down from the previous week at 24,180. The bulls fought valiantly, pushing the index to a high of 24,978, but the bears ultimately prevailed, dragging it down to a low of 24,073. Key Levels Breached and Tested: My predicted range for the Nifty this week (25,550 - 24,350) was unfortunately shattered on the downside. Furthermore, the critical support level of WEMA21 was breached for the first time since October 2023, a potentially bearish sign. Is a Short Squeeze Brewing? With many retail investors now anticipating a continued downtrend, a counter-intuitive uptrend might be on the horizon. This could be a strategic move by the bulls to trap those who are shorting the market. Next Week's Crucial Levels: Buckle up, because next week is a pivotal one for the Nifty. If the index can defend the crucial support zone of 23,900-24,000, we might witness a surge testing resistance levels around 24,500-24,600. However, a breach below 23,900 opens the door for a further decline towards 23,600 and even the psychologically important 200-day moving average (23,500). This is where I, for one, will be getting "greedy" by considering adding Niftybees and some fundamentally strong stocks with favorable risk-reward ratios. Remember the age-old wisdom: "Be fearful when others are greedy, and be greedy when others are fearful." The time to be greedy for value might be just around the corner! S&P 500: Holding the Line (for Now): Across the pond, the S&P 500 failed to surpass its previous week's high of 5,878 and experienced a correction of more than 1.5% from its weekly peak of 5,866. The silver lining? It managed to hold above the crucial support level of 5,762. The upcoming week will be critical as well. If the S&P 500 can maintain a position above 5,863, it could potentially surge towards a significant Fibonacci retracement level of 6,013, which could also provide a positive tailwind for the Indian markets. However, a dip below 5,700 could trigger a correction ranging from 1.6% to 3.3%, potentially dragging the Nifty down with it. Wishing everyone a very happy & prosperous Diwali. Enjoy
NSE:NIFTY
by ssudhirsharma11
Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD Daily Chart Current Price: 5,812.8 Analysis: Falling Broadening Wedge: Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels. Support Levels: • 5,703.1 • 5,625.0 Resistance Levels: • 5,937.5 • 6,015.6 • 6,097.0 Happy Trading! Stay tuned for further updates and insights.
OANDA:SPX500USDLong
by SpicyPips
😱 COLLAPSE OF THE DOLLAR 2022 - 2045 - END OF EMPIREHello ladies and gentlemen! I bring to your attention my very global view of the US dollar solely from the point of view of technical analysis, namely the Elliot wave theory. The graph shows the projection of the missing waves in the impulse of the supercycle - I-II-III-IV-V, the impulse is fully completed and ended back in 1985. In my opinion, from the point of view of technical analysis and the Elliot wave theory itself, a zigzag has been forming globally on the US dollar index in the corrective phase since 1985, with a triangle in wave-(b). The ultimate goal of this zigzag is a collapse of the dollar index by minus -80% from ATH. Ultimately, the Fed will lose in the fight against inflation, after the triangle is fully formed, a descending impulse five will begin in wave-(c) of the zigzag, I believe around 2030 plus or minus the triangle will be broken down, this will be a distress signal and confirmation I'm right, from now on, save your savings, because after the dollar index finds a bottom in the region of 20-30 points, for 100 dollars you can only buy a roll of toilet paper. BRENT oil will be $300-400 per barrel, and gold $5,000-6,000 a troy ounce, and that's even better. Naturally, after this collapse, the dollar will lose its status as the world's main reserve currency, the economy will stagnate amid hyperinflation, it will be many times worse than the Great Depression, and the markets will remember this apocalypse for a long time. After the collapse of the US dollar, a new world order will be established, there will be a new leader and a new major world reserve currency. I believe this will end the approximately 250 year dollar cycle and the US Dollar Index will never again update its ATH. ❌ This trade idea should be reconsidered if DXY exceeds the 121 level, which is unlikely in my opinion. In this case, it will definitely not be a triangle. This is my purely personal author's opinion, whether you share it with me or not is your own business, always think with your own head - I wish you good luck!
INDEX:DXY
by AnonymousTraderAcademy
2
$spx going to 11k over the next 3 to 4 yearsIm expecting the current bull to continue for another few years, with a deep correction in between now and the expected target of 11 k, by 2028/29... From there I expect SP:SPX to enter a sideways bear market such as the ones of 68/75 and 2000/2009 in order to form the 4th base of the secular run since 1929 (shown the comments). Bears always get it wrong, because of their self-delusions about the world and often also themselves! It's bulls who - due to their prescience and foresight - actually get to foresee tops in the market. Bears never catch a top, if they do it's either by coincidence, luck or something a four year old could have seen, like the covid top... anyway... we see so much madness in the ideas section, it's even fun!
SP:SPX
by LotusTrading20
China A50, riding the PBOC stimulus IF the monetary stimulus keep pushing Chinese stocks, we could be building a new impulse to retest the 16,500 area. If broken, it could speed up to 20,500 points. What I find positive: lots of shorts still pressing the price to the downside, that could be gone if the price squeezed to the upside. What I find negative: movement has been too fast, no rise-consolidation-rise patterns. For confirmation, breakout above 14,500 (upper Mogalef band)
FOREXCOM:CHINA50Long
by j_arrieta
SPX 500 I Two areas of potential long opportunity Welcome back! Let me know your thoughts in the comments! ** SPX500 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SP:SPXLong
by BKTradingAcademy
2
US100 Looking bearishFor a bearish prediction on US100 (Nasdaq) with a target of 1923 pips and a stop loss of 550 pips, consider the following: Market Analysis: Look for key resistance levels that could indicate a reversal. Analyze recent price action, moving averages, and any relevant economic indicators. Entry Point: Identify an optimal entry point based on technical analysis, such as a breakout below a support level or a bearish candlestick pattern. Risk Management: With a stop loss of 550 pips, ensure that your position size aligns with your risk tolerance. It's crucial to manage your capital wisely. Confirmation: Use additional indicators (like RSI, MACD, or volume) to confirm the bearish sentiment before entering the trade. Monitor News: Keep an eye on economic news that could impact the tech sector, such as earnings reports or interest rate announcements.
CAPITALCOM:US100Short
by LORDOFTHETRADERS
2
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments! ** US30 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
CAPITALCOM:US30Long
by BKTradingAcademy
2