Bearish reversal?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support.
Pivot: 100.51
1st Support: 97.85
1st Resistance: 101.83
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Market indices
PineScript v6: Conditional Expressions from Libraries
I thought it appropriate to make some quick notes on calling conditional expressions from PineScript v6 libraries, seeing as I have recently updated all of my libraries to v6 and most of my function exports output booleans or values that are ultimately derived from other functions that output booleans.
When calling functions in v6 that output booleans or values derived from other functions that output booleans, it is best practice to first declare the function return globally before you use said output as input for anything else.
For example, instead of calling my swing low and uptrend functions (which both return booleans) as part of a broader conditional expression:
//@version=6
indicator('Example Conditional Expression 1')
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
uptrend = sw.sl() and tr.ut()
plotshape(uptrend)
I would first declare the function returns as global variables and then call the broader conditional expression using said variables:
//@version=6
indicator('Example Conditional Expression 2')
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
sl = sw.sl()
ut = tr.ut()
uptrend = sl and ut
plotshape(uptrend)
This demonstrates different behaviour from v5, where you could combine functions that output booleans in conditional expressions without error or warning.
The same also applies to functions that output values derived from other functions that output booleans. In the example below, my swing low price and bar index functions output float and integer values, respectively, but these values are derived from the swing low function, which is a function that returns a boolean. So these return values should also be first declared globally for later use, just like the swing low and uptrend functions:
//@version=6
indicator('Example Conditional Expression 3', overlay = true)
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
sl = sw.sl()
ut = tr.ut()
slp_0 = sw.slp(0)
slpbi_0 = sw.slpbi(0)
slp_1 = sw.slp(1)
slpbi_1 = sw.slpbi(1)
if sl and ut
line.new(slpbi_1, slp_1, slpbi_0, slp_0, color = color.green)
DAX Correction Ahead! Sell!
Hello,Traders!
DAX is trading in a strong
Uptrend but the index is
Locally overbought so after
The retest we will be expecting
A local pullback and a
Bearish correction
Sell!
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EGX30 Chart AnalysisEGX30 stock has shifted gradually to a higher zone, reaching the 32,291.751 resistance line, the 32,344.197 resistance line, and the 32,422.866 resistance line, showing the buyers' dominance over the sellers. Additionally, the upward trend is because Egypt's blue-chip index EGX30 closed 0.7% higher, which led to a 1.6% increase in TMGH, which strengthened the fundamental analysis about the CBE's decision about cutting the interest rate and the advanced massive ads and negotiations initiated by TMGH with different aspects.
US30 Eyes 41,300: Bullish Momentum Builds for Major BreakoutTechnical Analysis: The US30 has established a strong support base at 40500, with major support at 40000 serving as a safety net. Price action shows an upward channel formation on the 4-hour chart, indicating potential trend reversal. The risk-reward ratio of 1.60 (500 points risk for 800 points potential reward) provides favorable trading conditions. Recent price action demonstrates higher lows, suggesting accumulation phase and bullish momentum building.
Sentiment Analysis: Market sentiment shows cautious optimism despite recent volatility. Institutional investors maintain bullish positions, particularly in technology and energy sectors. The AAII Investor Sentiment Survey indicates decreased bullish sentiment, which often serves as a contrarian indicator suggesting potential upside movement. Economic forecasts pointing toward a soft landing rather than hard recession support continued equity market strength.
Support and Resistance Levels: Entry zone established around 40500, supported by historical price action and recent consolidation patterns. Major support at 40000 provides clear stop loss level, limiting downside risk. Target of 41300 aligns with previous resistance zone, offering realistic profit objective before encountering major resistance at 41500. Multiple tests of support levels have created strong foundation for upward movement.
Trade Management: Entry: 40500 Stop Loss: 40000 (500 points risk) Target: 41300 (800 points reward) Risk/Reward: 1.60
Additional Considerations: Recent market correction has created oversold conditions, suggesting potential mean reversion toward higher levels. Institutional buying pressure remains strong, with increased volume on upward movements. Technical indicators suggest room for upside before reaching overbought conditions. The 2024 performance showing 12.88% gain supports continued bullish momentum.
The combination of strong technical setup, positive institutional sentiment, and clearly defined support/resistance levels presents a compelling case for longing US30 with 41300 target. The favorable risk-reward ratio and multiple confirmation factors enhance the probability of successful trade execution.
DXY Outlook: FVG Retest Complete — Is 105 the Next Sweep?DXY Weekly Forecast
In recent weeks, DXY dropped to the extreme demand zone, sweeping the lows around 98–99, before launching a bullish reversal and breaking through multiple minor highs.
Last Friday, price retested a daily Fair Value Gap — perfectly aligned with the NFP release — and held. Now, we may see some sideways consolidation at this level before continuation higher toward the 105.000 zone, where key liquidity sits above prior highs.
Bias: Bullish
Key Zones:
• Support: 102.000 (FVG / demand area)
• Resistance: 105.000 (liquidity target)
The structure is clean: bulls in control, as long as the FVG zone holds.
—
Weekly forecast by Sphinx Trading
Drop your thoughts in the comments.
#DXY #DollarIndex #USD #ForexAnalysis #LiquiditySweep #SphinxWeekly #FairValueGap #NFP #SmartMoney
NASDAQ YEARLY CHART Chart done on 03.05.2025
Nasdaq market conditions are very similar to the 2020 market conditions
as we can see for both years we had a drop in market price for the first few month, then the recovery happened as markets started to stabilize.
this looks to be the same with 2025 as trumps appointment into the white house has caused a similar effect
for the next year nasdaq looks to be bullish so that the US economy can adapt to the new changes.
this is a very basic analysis. if a more in depth analysis is needed. Please feel free to comment
US100 Locking as Bullish directionUS00 Structure Looking as strong Bullish Pattern,
Forecast from Mr Martin Date 02 May 2025,
US100 Price will looking as buy side recently price will break and catch the support after push to buy side the bullish structure continue to play out the next project would be a clean rally toward the top of the channel US100 is holding its bullish structure well,
Key Level to watch
Resistance level 20,500 / 21,000
Support Levels 19,500
you can find more details in the chart of you find this idea help or learned something new then leave comments Thanks for Regarding.
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DXY Expected to Decline TomorrowDXY is expected to decline tomorrow, with potential for a maximum rise to the 101 resistance area accompanied by upper shadow formation.
A rising wedge pattern has formed, with stochastic in the overbought region, and there's a possibility of rejection at the dynamic resistance level.
Approaching 200SMA and long-term uptrend line, pullback expected(The following is a personal opinion and not investment advice. Please exercise independent judgment before making any decisions.)
Last week, the market remained in a consolidation phase near recent highs. The current price has broken through and is approaching the 200-day moving average, while also nearing a retest of the uptrend line that began in 2023. Considering the price has been on a 9-day upward streak, there is a high probability of a significant pullback upon reaching these key resistance levels.
At present, it is difficult to categorize the overall market trend as either bullish or bearish. With ongoing uncertainty around tariff-related policies, the market appears to be in a consolidation phase rather than a sustained uptrend, lacking fundamental support for further rallies. As such, there is a higher probability that the price will fill the lower gap at 18,264.
Next week, special attention should be given to the FOMC rate decision and the press conference on Wednesday. Recent employment data has been strong, and inflation has shown signs of rising. The Fed is expected to maintain its current stance, which could trigger a market sell off. It's also possible the pullback may begin as early as Monday or Tuesday, offering opportunities for early positioning.
From a technical perspective, if the price continues to rise, it may test the area around the 200-day moving average and previous trend resistance, roughly between 20,226 and 20,400. Should this area be tested early in the week (Monday or Tuesday), I would consider initiating short positions. Light positions can be considered above the 20,000 level, as the current price range offers a relatively favorable risk-to-reward.
To the downside, a break below the 19,000 level is required first, after which there's a higher probability of filling the price gap between 18,264 and 18,583. If supported by macro news, the market may further test lower levels in the coming weeks, including 17,589, 17,278–16,946, and potentially 16,108–16,589. These levels will require further observation as developments unfold.
US100 BEST PLACE TO SELL FROM|SHORT
US100 SIGNAL
Trade Direction: short
Entry Level: 20,101.6
Target Level: 18,779.9
Stop Loss: 20,975.6
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Could this be DXY's fate amidst the dovish tentions? #FEDS📈 Most Likely Probability: Neutral-to-Slightly Bullish Bias
🔍 Supporting Fundamentals:
Stronger-than-expected NFP: Suggests economic resilience → supports dollar strength.
Fed holding rates steady (but no dovish pivot): Keeps real yields relatively attractive → supports demand for USD.
Tariff/trade calm: Reduces tail risk, but also reduces safe-haven flow → slightly neutral.
📉 Limiting Fundamentals:
Calmer global risk sentiment and improved outlook in emerging markets may reduce dollar inflows.
No fresh hawkish push from the Fed = limited fuel for strong breakout.
📊 Technical Outlook (DXY near 100.00):
Key Support: ~99.70–100.00 (9-day EMA + psychological support)
Key Resistance: ~100.50–101.00 zone
Momentum: Slight recovery attempts with weakening bearish momentum
If the DXY holds above 99.70 and breaks above 100.50, a move toward 101.00 is likely next week. Failing to hold 99.70 could open a pullback toward 99.00.
DXY Will Go Up! Buy!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 100.036.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 100.899 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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JPYBASKET 2WYen Basket – 2-Week Timeframe
Let’s take a look at this chart.
Since 2019, the trend has been strongly bearish.
Now, what’s important is that the price has managed to break the long-term downtrend line, but it’s still facing a strong resistance zone (that blue area). It’s tried to break through a few times, but hasn’t been able to so far.
If the price can hold above the 7,200 level, we might say there’s a good chance the trend could shift and a bullish move could begin. But if it gets rejected again, it might drop back down and even retest previous lows.
Summary: For now, we need to keep a close eye on this key resistance. Until it’s clearly broken, we can’t confidently talk about a bullish reversal.