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Nikkei 225 Index Resumes Its Decline?Nikkei 225 Index Resumes Its Decline? In mid-October, the Nikkei 225 index attempted to break through the psychological barrier of 40,000 points but ultimately reversed direction. This week, the index has continued its downward trend, driven by concerns surrounding the upcoming elections for Japan's House of Representatives scheduled for October 27. According to Reuters, the ruling Liberal Democratic Party (LDP) and its coalition partner, Komeito, may lose their majority in the elections. Meanwhile, technical analysis of the Nikkei 225 chart reveals several bearish indicators: → The lower bounds of both the previously active blue and purple ascending channels have acted as resistance, along with the noted 40,000 level. → The price has broken below the ascending trend line (marked in red) around 39,000, suggesting that bears have gained enough strength to push through. Consequently, the 39,000 level may now serve as resistance. Overall, the situation appears increasingly concerning. Could the rise from point V to C be merely a corrective move following the downward impulse from A to B? If so, a downward reversal from 40,000, coupled with a bearish breach of the trend line, could signal a resumption of the downtrend, potentially leading to a decline towards the 37,000 level, which has previously interacted with the price on multiple occasions. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:J225
by FXOpen
1
DXY Weekly In Relation To Bitcoin: MA200 & Price DynamicsHello my cherished reader, it is my pleasure to write and be of service to you again today. We are going to be looking at the DXY long-term, weekly timeframe. We will consider how the action is happening in relation to MA200 and then reach some conclusions in relation to Bitcoin, are you ready? Good! In June 2018 the DXY moves above MA200, the black line on the chart. It grows above MA200 but challenges this level continually as support. Eventually, after trying many times, MA200 fails as support in July 2020 and this produces the lowest levels in years. The DXY turned bearish for a long-term when it lost this major support line. (#1) In November 2021 the DXY moves above MA200 (the same date when Bitcoin peaked). This break above MA200 opened the doors for massive bullish growth. There was a retest of this level in January 2022 and then the DXY entered full bullish mode. (#2) Above MA200, the DXY reached a new All-Time High. This All-Time High was hit in September 2022, close to when Bitcoin hit its bear-market bottom. After hitting a new ATH the DXY went bearish; the start of a corrective phase. And we would wonder, how low will it go? (#3) The DXY finds support exactly at the MA200 line and turns bullish. It produced one full green candle and then closed green again. ➖ The DXY in relation to Bitcoin: Comparing Price Action After the DXY hit a new All-Time High, it was trading high up, MA200 was the main level that needed to be tested for the correction to find support. This same scenario can be considered for Bitcoin. Bitcoin moved above MA200 weekly in October 2023 and turned hyper-bullish. After reaching a new All-Time High a new corrective phase developed and is now underway. Coming from this new high, Bitcoin is set to test MA200 as support, just as the DXY did. (Bitcoin's weekly MA200 line now reads $39,960, but prices can go lower.) When the DXY goes bullish, Bitcoin turns bearish. When Bitcoin turns bearish, the DXY goes bullish. The short-term charts, hourly and daily, can be misleading, they can easily confuse. Focus on the long-term and you can easily find the truth. The DXY is bullish after years of going down, it is preparing to go up. Bitcoin is about to end a major correction, coming from a new All-Time High, it is set to test MA200 as support. This can be seen on the weekly chart. There you have it, the DXY in relation to Bitcoin. Thanks a lot for your continued support. Namaste.
TVC:DXYLong
by AlanSantana
DreamAnalysis | SPX500 at a Crossroads Key Trading Strategies✨ Today’s Focus: SPX500 (US500) – A Key Market Driver We dive into recent price movements and analyze critical market levels to identify potential trends. 📊 Current Market Overview: The price is currently consolidating within the Previous Weekly Range, showing little movement for now. However, it's important to note that the Previous Month's High (PMH) has already been taken, and the market needs to accumulate more liquidity before making a decisive move—hence the consolidation. 🔴 What to Expect: Short-Term vs. Long-Term Scenarios We'll explore both short-term and long-term outlooks, offering insights into bullish and bearish possibilities for day traders. 🗣 Short-Term Outlook: In the short term, we may see a retracement into the Fair Value Zone or the Equilibrium (50% of the range). However, without significant information from higher timeframes, it's best to wait for lower timeframe confirmations before entering a trade. 🗣 Long-Term Outlook: From a long-term perspective, the price may dip lower to absorb sell-side liquidity before continuing its upward trend. 🕓 Key Levels to Watch: Keep an eye on these levels, which could impact price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance Zone) These levels highlight potential liquidity absorption points and areas where price might rebalance. Fair Value Gaps (FVGs) are key zones for potential retracement before the market resumes its trend. 🔔 1Hour Outlook: 📈 Bullish Scenario: For a bullish setup, we need the Previous Week Low (PWL) to be taken out, or we can use the lower timeframes to identify Sell-Side Liquidity (SSL) levels. Once price sweeps these liquidity levels, we can look for an entry model to target the Buy-Side Liquidity, such as the Previous Week High (PWH). 📉 Bearish Scenario: On the bearish side, lower timeframes are already offering potential entry models. With the monthly high (PMH) taken and a Smart Money Technique (SMT) divergence with the NASDAQ (US100), there’s a strong confluence for bearish continuation. 📝 Conclusion: Stay flexible as market conditions shift. Monitor these key levels and setups closely to fine-tune your strategy and seize high-probability trading opportunities. 🔮 Looking Ahead: Keep following as we track developments in NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will be provided as trends unfold. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US500
by DreamAnalysis
US30USD Will Move Higher! Long! Take a look at our analysis for US30USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 42,851.2. The above observations make me that the market will inevitably achieve 43,893.3 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
1
S&P500 Has it topped?The S&P500 index (SPX) is ahead of critical crossroads for the short-term as the Bullish Megaphone pattern that is in effect since April 01, is showing strong signs of topping. Even though the price isn't on the top (Higher Highs trend-line) of the Megaphone, the 1D MACD formed a Bearish Cross today and practically is repeating the sequence of the index' previous Leg from April 19 to July 17, which ended also on a MACD Bearish Cross. As you can see besides the Bearish Cross, even the price action between the two fractals has gone through very similar phases. The current Bullish Leg is in the form of a Rising Wedge. Despite the Bearish Cross, the trend remains bullish within this pattern until the Wedge's bottom breaks. As a result, it is more likely to see at least 6000 next. If however the price breaks below the 1D MA50 (blue trend-line), we will have a confirmed sell signal at hand, based on which we will short and target 5600. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
EuroStoxx 50: Sideways StrategiesMarket Context Recent trading sessions have been marked by expectations regarding the US Federal Reserve 's monetary policies. The market anticipates that the US central bank will adopt a less aggressive stance in its interest rate cuts. This backdrop has boosted the dollar, which has gained nearly 4% from last month's lows, as reflected in the Dollar Index, which measures the currency's performance against a basket of international currencies. This more consolidated environment has impacted both the Ibex 35 and the EuroStoxx 50, with both indices coming dangerously close to their technical supports. For the Ibex 35, key support lies between 11,560 and 11,600 points, the break of which would indicate a bullish exhaustion. EuroStoxx Analysis The EuroStoxx 50 (Ticker AT:EURO50), one of Europe's benchmark indices, is less than 1% away from its first key support, located around 4,900 points, coinciding with the delta buying pressure zones and the checkpoint zone (POC) of the price bell. The proximity to this technical level has generated concern among investors, as a possible breakout could trigger a more prolonged consolidation phase in the European market. Given that the shift of the sideways range will be pronounced for a longer period. Currently the movement between the highs of 5,310.41 and the support marked in February and reinforced in August in the area of 4,669 points. If we follow the current movement, everything seems to indicate that the crossing of the 50-average over the 200-average that began in the last week of September is losing strength. And if we accompany it with the Bollinger bands support the idea that the market seems to be highly lateralized. Outlook for the EuroStoxx 50 In the case of the EuroStoxx 50, a drop below 4,840 points could lead to a broader price retracement confirmation, and would take the index to the September lows at 4,700 points, which coincides with the lower zone of the sideways range. However, this drop is not necessarily perceived as a negative signal, but as a possible buying opportunity in the European market. As long as the index does not break the September lows, the bias will remain bullish, offering opportunities for investors looking for re-entries in the European market. Ion Jauregui - Activtrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ELong
by ActivTrades
3