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TOP DOWN ANALYSIS OF US DOLLAR - Watch n´Learn Hi everyone! So If you were to look back at my previous education video on the DXY you would have seen that we have continued to go higher. And right we are in the third zone without a pullback. What does it mean? Well for me, it means its definitely time for a serious pullback, where I would make back all my sell losses. This a little bit too manipulatory for me, and it does not make much sense, but gotta keep going and make that living. Thanks for watching!
TVC:DXYEducation
by ChameleonInvestments
USNAS100 Bearish Pressure Below 20,330 with Bullish Reversal Futures under pressure as earnings loom; yields rise USNAS100 Technical Analyse The price looks stabilizing at the bearish zone while below 20330 However, it should reverse and stabilize above the channel to be a bullish trend to get 20540 As long as the price trades below 20,330, it is likely to reach 20,180, with sustained movement below this level potentially extending to 19,990. Key Levels: Pivot Point: 20290 Resistance Levels: 20480, 20540, 20710 Support Levels: 20180, 19990, 19860 Trend: - Bullish above 20420 - Bearish below 20330
OANDA:NAS100USDShort
by SroshMayi
1
DYX Monthly vs Crypto & Stocks: The Most Bullish Ever!The DXY is at its most bullish since June 2021. Here we can see it bouncing strongly from EMA55 as support. We looked at the DXY and how it is related to Bitcoin ( see here ). Now we want to consider the DXY on its own. ➖ How far up can the DXY go and for how long? To start, we can see that the last time the DXY went bullish it closed green for four consecutive months. This would be the first green month, so we have another three of potential bullish action. The bounce in July 2023 also produced four months of growth. Now, the action in the last bounce and back in 2023 were part of a consolidation pattern, what we are seeing now is the start of a bullish wave. ➢ First, within several months, or weeks, the DXY is set to hit 109. Long-term, it can go higher and hit a new All-Time High. ➢ The first long-term resistance will be around 114, which is the September 2022 peak. 111.1 would be an intermediate target. ➢ The new ATH can settle around 124/5. The last ATH was hit around 121. This is all based on the long-term. This is the monthly timeframe. The DXY going bullish can have a very strong negative effect on the stock market and even Cryptocurrency but this is only initially, after several months of the DXY being strongly bullish, the Cryptocurrency market can recover and do great. I don't know about the stock market, it can be different but Crypto will be fine. Thank you for reading. Namaste.
TVC:DXYLong
by AlanSantana
5
Analysis Dollar / DXYAs I mentioned in yesterday's analysis, the Dollar has a strong potential to continue its bullish movement on the weekly (W) chart to capture liquidity (LQY) in the upper zones. Also, let me remind you again that the Dollar is in consolidation on the weekly (W) chart. Tomorrow, we have very strong news at the opening of the New York Stock Exchange, so I will most likely take the day off and wait to see what happens. On the hourly (H) charts, we see strong bullish momentum, but we also see a lot of liquidity below. Therefore, I believe that tomorrow's news impact will push the price down and create a pullback for the price to collect buy orders.
TVC:DXY
by andricstrahinja95
NASDAQ: Approaching lower supports. Two levels you can enter.Nasdaq has turned neutral on its 1D technical outlook (RSI = 52.116, MACD = 179.950, ADX = 45.004) as it failed to make a new High above the LH trendline and is being pulled down towards the 4H MA200 and 1D MA50. Those two are the major support zone and buy entry. But before that, the first is where the price is right now, at the bottom of the dotted Channel Up. The 4H RSI is almost on the S1 level (33.50), which has been the buy signal for October. So the first buy entry is now, aiming at a +4.50% increase (TP = 20,950). If it fails, add another just over the 1D MA50 and take profit on both after again a +4.50% price increase (TP = 20,650). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
BANKNIFTY : Trading Levels and Plan for 24-Oct-2024Bank Nifty Trading Plan for 24th October 2024 In the previous session, Bank Nifty traded in a volatile range between 51,305 resistance and 51,200 support, forming a consolidation zone. Buyers showed interest at lower levels but failed to push beyond key resistances. This pattern suggests that a breakout or breakdown could occur soon, and traders should closely monitor key levels on 24th October to capitalize on the potential movement. Gap-Up Opening (200+ Points): If Bank Nifty opens above 51,786, wait for a confirmed breakout and sustained price action. A strong move above this level could lead to further gains toward the Choch resistance zone at 52,363. For long positions, target 52,363, where sellers might step in, and set a stop-loss below 51,786 to protect against a false breakout. In case of a reversal after the initial gap-up, expect a pullback toward 51,382. If price action breaks below 51,382, it could re-enter the consolidation zone. Monitor price behavior near the 51,786 resistance zone, as a failure to hold above may lead to increased volatility and a test of lower supports. Flat Opening: If the market opens flat near 51,305, focus on the immediate range between 51,382 (upside resistance) and 51,124 (downside support). A breakout above 51,382 may trigger a move toward the next resistance level of 51,786, while a breakdown below 51,124 could lead to a bearish trend toward 50,817. For long positions, use 51,124 as the risk level and target 51,786. For short trades, a breakdown below 51,124 should have a target of 50,817 with a stop-loss above 51,305. Be cautious of choppy price action within the "No Trade Zone" (51,305 - 51,124), as this area may see reduced volatility and indecision. Gap-Down Opening (200+ Points): If Bank Nifty opens below 51,124, expect selling pressure to increase, with immediate downside targets at 50,817 and 50,705. If the price holds above 50,817, a reversal trade might be considered for long positions, but ensure confirmation before entering. A bounce above 50,817 could lead to a retest of 51,124. A break below 50,705 could result in further declines toward 50,517, where buyers may attempt to regain control. Keep a stop-loss below 50,817 for longs, and manage short trades with a stop above 51,124 in case of sharp reversals. Risk Management Tips for Options Trading: In a gap-up scenario, consider using call spreads as Bank Nifty approaches key resistance zones like 51,786 and 52,363 to limit risk and capture upside potential. In case of a gap-down, put spreads or long puts could be effective strategies to benefit from increased volatility and downside movement. Avoid naked positions, especially near high-volatility zones, as sudden reversals can erode premium values quickly. Opt for safer strategies like vertical spreads or iron condors to limit exposure. Set defined stop-losses and stick to your trading plan, especially if Bank Nifty approaches key support or resistance levels, as these areas are prone to sharp movements. Summary & Conclusion: For 24th October 2024, Bank Nifty’s key levels to watch are the resistance at 51,786 and support at 51,124. A gap-up could test 52,363, while a gap-down may lead to 50,705. Volatility is expected around these levels, and maintaining strict stop-losses is crucial to managing risk effectively. In options trading, using spreads or defined-risk strategies is advisable to navigate high volatility and sudden price reversals. Disclaimer: I am not a SEBI registered analyst. This trading plan is based on my personal analysis using technical parameters. Traders are advised to conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
NIFTY : TRADING PLAN AND LEVELS FOR 24-Oct-2024Nifty Trading Plan for 24th October 2024 In the previous session, Nifty traded within a narrow range, showing slight weakness towards the end but holding support at 24,358. Resistance was tested near 24,611, but no significant breakout occurred. This suggests that the market is consolidating, and a decisive move might happen soon. Let's prepare for all opening scenarios on 24th October 2024. Gap-Up Opening (100+ Points): If Nifty opens above 24,611, watch for confirmation of a breakout above the 24,650 level, which is a key resistance zone. If 24,650 is broken and sustained, the next target would be 24,696, where we could see sellers stepping in. Set a stop-loss below 24,611 for long trades to manage risk effectively. If the breakout fails, Nifty could retest 24,501 support. In case of a false breakout, expect a retracement to the 24,501 zone, where price action can be monitored for possible reversal. Flat Opening: If Nifty opens flat around 24,436, monitor the range between 24,442 and 24,501 for any breakouts. A move above 24,501 could trigger a rally toward the 24,611 resistance level. Watch for price action around this zone for either a continuation or a reversal. On the downside, a break below 24,442 could lead to a move toward the 24,358 support level, and a further break could push prices down to the 24,298 support zone. Set stop-losses below 24,358 for long trades and above 24,501 for shorts to protect against sudden reversals. Gap-Down Opening (100+ Points): If Nifty opens with a gap down below 24,358, expect increased selling pressure, with an immediate target of 24,298. If 24,298 holds as support, a reversal trade could be initiated, but it's crucial to wait for a confirmed bounce before entering long positions. If the gap-down results in a break below 24,298, further declines towards 24,164 are possible, where buyers may look to defend. Maintain a stop-loss below 24,298 for long positions and above 24,358 for short trades to manage risk in case of sharp movements. Risk Management Tips for Options Trading: For a gap-up scenario, consider call spreads to limit risk as Nifty approaches resistance zones like 24,650 and 24,696. In case of a gap-down, consider put spreads or long puts to capitalize on increased downside volatility. Avoid holding naked positions in high-volatility areas. Opt for limited-risk strategies like iron condors or vertical spreads to minimize losses. Be prepared to exit quickly if Nifty approaches key support or resistance zones, as sudden reversals can cause options premiums to decay rapidly. Summary & Conclusion: For 24th October 2024, the key levels to watch are 24,611 on the upside and 24,358 on the downside. A gap-up could see a move toward 24,696, while a gap-down might bring Nifty closer to 24,298 or 24,164. Volatility is expected, and it's crucial to maintain strict stop-losses to minimize risk. In options trading, consider spread strategies to manage volatility and protect against sharp reversals. Disclaimer: I am not a SEBI registered analyst. This trading plan is based on my personal analysis using technical parameters. Traders are advised to conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
US100 TRADING SETUP Weekly Chart Analysis: Key Price Levels: Current price: 20,095, hovering near the 20 SMA at 19,609, acting as immediate dynamic support. Volume Profile Point of Control (POC) sits at 18,403, previously serving as support during significant pullbacks. Price trading within the Bollinger Bands, indicating possible consolidation or slight correction before a stronger move. Price Condition: The weekly chart remains in a strong uptrend, with price holding above key moving averages (50, 100, and 200 SMAs). Recent candlesticks show indecision as price approaches resistance at 20,400. Volume Profile highlights an HVN around 19,700, reinforcing support at that level. RSI: RSI at 59, near neutral, with a slight downward slope, indicating weakening bullish momentum without overbought signals. MACD: MACD remains positive but shows a slight downward cross, signaling potential short-term correction or slowdown in the uptrend. ADX: ADX at 13.36 reflects weak trend strength, suggesting a consolidation phase. A stronger ADX reading is needed for a renewed upward move. Daily Chart Analysis: Key Price Levels: Immediate support at 20,111 (20 SMA) and further support at 19,695 (50 SMA), with a high volume node around 19,582 suggesting strong support. Resistance at 20,513, aligning with previous highs. Price Condition: Recent price action shows a pullback from highs, with tightening Bollinger Bands, potentially indicating an upcoming breakout. Supertrend has switched to a sell signal, warranting caution for bullish positions. RSI: RSI at 52.95, indicating neither overbought nor oversold conditions, with weaker momentum after declining from recent highs. MACD: Daily MACD has crossed downward, with both the signal and MACD lines below zero, signaling increasing bearish momentum. MFI: MFI at 72.82 indicates strong capital inflow but is approaching overbought levels. Watch for a sharp correction if MFI turns down. Chaikin Oscillator: Chaikin Oscillator remains flat, showing no significant accumulation or distribution. Neutral signal for now. ADX: ADX at 24.93 suggests moderate trend strength. The market is likely to pick a more decisive direction soon. Summary of Setup: Weekly Chart: Bullish trend remains intact, but momentum is slowing. Key support lies at 19,600 (20 and 50 SMAs), with major support at 18,400. Resistance is at 20,400. Daily Chart: Short-term weakness is evident, with a potential pullback to the 20 SMA (20,111) or 50 SMA (19,695) offering better long entry points. Volume profile suggests strong support near 19,700. A breakdown below this level could lead to deeper correction toward 18,500. Trade Idea: Bullish Scenario: Look for a bounce around 20,100–19,700, supported by the 20/50 SMAs and volume profile. A bullish turn in RSI and MACD could confirm a re-entry for long positions. Bearish Scenario: A break below 19,700 could signal a deeper correction toward 18,400, with further downside potential if support fails.
CAPITALCOM:US100Long
by Shivsaransh1
Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue Today Nifty also reversed near "Reaction Area", we can consider that area as resistance. Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty. Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520. If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
BankNifty 24-OCT-2024 Intraday Levels, Sell Trend in BankNifty BankNifty tried to go upside and respected that resistance level which we identified yesterday as per the price movement. It reversed, and keep trading near bottom level. BankNifty took pause today in daily time frame and can continue tomorrow and become trending. We can sell when 5 min candle close below 51150 price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
NAS100USD / TRADING ABOVE DEMAND ZONE / 1H NAS100USD / 1H TIME FRAME HELLO TRADERS Prices Declined to Target ,As mentioned that the prices have already declined and reached a previously set target. This likely indicates that the price moved lower to a level anticipated by prior analysis. Trading Above Demand Zone , Prices are currently above a “demand zone,” which is an area where buying interest is expected to be strong enough to support the price from declining further. Being above this zone indicates some stability and that the asset is holding its ground. Stabilizing Above the Demand Zone , If prices stabilize above this zone, it could suggest an upward trend. This signals that the demand is strong enough to prevent further decline, encouraging buyers. Targeting Supply Zone , The text suggests that if prices continue to remain above the demand zone, they may increase to reach the supply zone between 20,361 and 20,405. A supply zone is an area where selling pressure might start, potentially capping price gains. This range is likely a price target where sellers might step in. Risk of Breaking the Demand Zone , If prices break below the demand zone, a decline could occur, with the next demand zone between 20,084 and 20,041 being the likely target. This suggests that the asset could continue its downtrend if buyers fail to defend the current demand zone. Confirmation of Downtrend , The downtrend would be confirmed if the price breaks through the lower demand zone, meaning the asset could continue to fall if it fails to find support at these levels.
OANDA:NAS100USDLong
by ArinaKarayi
FBMKLCI index going to challenge 1676 in short period With the very volatile market condition, KLSE index looks trending up to the MA20 of 1650, and next target 1576 at the resistance zone of the DC channel Based on the 2 trend lines, long term and short term, both have well supported With the RSI closing to value 50 with trending up could see the momentum is ready become stronger in the near term Since 7 Oct it has been moving horizontally around neckline zone of M shape chart pattern form in mid term, this zone is also lower part of DC channel
FTSEMYX:FBMKLCI
by SASSA39