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Bullish rise off 50% Fibonacci support?DAX40 (DE40) is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance. Pivot: 19,665.45 1st Support: 18,980.32 1st Resistance: 20,494.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:DE40Long
by ICmarkets
Potential bullish rise?S&P500 is reacting off the pivot and could rise to the 1st resistance. Pivot: 5,869.57 1st Support: 5,707.08 1st Resistance: 6,093.53 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US500Long
by ICmarkets
idea on a chart US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes. USD continues to trade near its 2-year high “Daily momentum is mild bullish while RSI rose into overbought conditions. Resistance at 108.50, 109 levels. Support at 107.20, 106.70 (21 DMA). Day ahead watch US data – core PCE, personal income/spending and Uni of Michigan sentiment. Market liquidity is increasingly thinner and fluid pricing can exacerbate FX moves. A softer than expected print may provide a breather for risk proxies and tame USD bulls.”
TVC:DXY
by EZIO-FX
#Nifty50 outlook for upcoming week 23-27th Dec 2024The Nifty experienced a tumultuous week, plummeting roughly 1200 points to close at 23587 after reaching a high of 24781 and a low of 23537. This sharp decline was largely attributed to a hawkish stance from the US Federal Reserve, triggering a sell-off in the US market and prompting significant Foreign Institutional Investor (FII) selling in India. The 5% correction from its peak has brought the Nifty dangerously close to the crucial WEMA50 support level at 23426. However, there are signs of a potential bullish reversal forming a 'W' pattern. Sustaining above 23426 will be critical for a market turnaround. Next week, I expect a volatile trading range between 24100 and 23000 . A breach of these levels could lead to significant market moves. The monthly Nifty chart also indicates weakness, suggesting further downside potential towards the 22250 support level, representing a 5.7% decline from current levels. This presents a valuable opportunity for investors to prepare a watchlist of their preferred stocks and strategically accumulate positions during any further market correction
NSE:NIFTY
by ssudhirsharma11
NDX positive move for the next two days.Riding the Nasdaq Wave: Navigating Market Swells and Dips Let’s dive into the Nasdaq 100 Index. Flashback to a year ago, and you'll remember a 4.05% dip from December 28, 2023, to January 4, 2024. Technology stocks took a hit, shaken by rising interest rates. The market trembled under hawkish whispers from Federal Reserve officials, who hinted that rates might stay elevated to tame inflation. This stirred up volatility, causing a sell-off in high-growth tech stocks — notoriously sensitive to interest rate ripples. Fast forward to today, and we’re staring down a similar barrel: fewer interest rate cuts in 2025 and pesky inflation hanging around. Technically, the NDX boasts solid support at around 21,000. It would take some seriously bad macro-news to dip below the 50-day moving average. Expect some range trading between 21,000 and 22,000 this week. For traders, the game plan mirrors that of the S&P 500 Index. Pocket some profits during market highs and keep some cash handy for snagging better deals in 2025. Stay sharp, and ride the wave!
NASDAQ:NDX
by IrinaTK
SPX Ascending Wedge BreakSPX had a clean break and retest of its ascending wedge last week. It was a strong move back up off of 5850, but it rejected on the retest. Range is now from 5,850 to ATH. Looking to see if bulls can reclaim that trendline or not. For now I'd be bullish above 5,850 and bearish below. Downside target would be the election gap fill and/or the previous ATH around 5,669. We're still near ATH so that will continue to be the upside target. Long confirmation would come if it reclaimed the wedge + the descending trendline above.
SP:SPXShort
by AdvancedPlays
USD$ is set to rise. On Monday I said the opposite: Falling I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time. I don't know but both the Daily and Weekly chart of the USDX have a very bullish W/Bottom. For those who don't know these patterns, they are basically a double/bottom or bottom1 & a bottom 2 and a W is formed as price is written up to a Neckline which is the yellow lines on the daily and weekly charts here. I initially thought and stated that the USD$ may run up to 1.11 /1.12 and from a technical standpoint of these W/bottoms that is exactly where price may end up. But lots can happen in the meantime. Briefly on Gold and Silver: The Gold price has turned around bullishly after turning down in a Double/Top for many days. This turnaround also coincides with the bottom trend-line which is also the bottom line of a Triangle formation on the daily. Next trading day I would expect Gold to continue to climb for a couple of sessions before turning back down to the trend line and bottom of Daily-triangle which is all but complete and price would then either breakdown or breakout from triangle. I think that despite the USD$ continuing to climb, the Gold price will do the same thing and climb but probably won't go to an ATH just yet. Silver has a bearish Head n Shoulders on the Daily. Price will retest the sell area next session on the daily which means the Silver price will get a false Long rally and selling will resume into the daily H n S pattern. The Silver price is right on the daily 200ema and back in January and February 2024 price got a little below the 200ema and then took off on a Long rally. Same thing expected, the HnS will play out and price will fall back a little more and then a buying spree and rally upwards will commence in Silver, possible just before the New Year.
PEPPERSTONE:USDXLong
by Easy_Explosive_Trading
Nifty Upside and downside predictionRecently, Nifty has performed poorly, causing the markets to move downward, which doesn't correlate with others. I believe this is an opportunity to grab as many stocks as possible and find the better-looking ones for the long term. Levels to watch: 23,250: If Nifty reaches this level, it could form a double bottom and continuously move upward. We can expect an upward trend until the budget and a rate cut of about 0.25 basis points, possibly even 0.50 basis points. This could shock the markets and potentially cause a downward reaction if it happens too late. This is my optimistic prediction. 22,150: If Nifty doesn't form a double bottom and continues downward, it could reach this level. 21,250: This level is almost 9% down from today. Additionally, there's a CME gap around the 20,500 to 20250 level on the weekly chart. While I don't expect such a severe drop, it's important to note. You never know about markets; they could severely go down that path. If it does, prepare yourself and get your bags ready to fulfill your dreams because it couldn't get better than this. This is a once-in-a-lifetime opportunity, so make sure to use it wisely and change your life for the better. NSE:NIFTY
NSE:NIFTY
by Mayanksinghrader
Testing //@version=5 indicator("Range Filter with Support and Resistance", overlay=true) // Inputs for Range Filter length = input(10, title="Range Length") multiplier = input.float(1.5, title="Multiplier") // Calculate Range Filter src = close basis = ta.sma(src, length) range = ta.stdev(src, length) * multiplier upper = basis + range lower = basis - range // Trend Detection trendUp = src > upper ? 1 : na trendDown = src < lower ? -1 : na trend = ta.valuewhen(trendUp or trendDown, trendUp ? 1 : -1, 0) // Support and Resistance Levels lookback = input(20, title="Lookback Period for Support/Resistance") support = ta.lowest(low, lookback) resistance = ta.highest(high, lookback) // Plotting plot(upper, color=color.new(color.green, 70), linewidth=1, title="Upper Range") plot(lower, color=color.new(color.red, 70), linewidth=1, title="Lower Range") hline(support, "Support", color=color.blue, linestyle=hline.style_dotted, linewidth=2) hline(resistance, "Resistance", color=color.orange, linestyle=hline.style_dotted, linewidth=2) // Background Color for Trends bgcolor(trend == 1 ? color.new(color.green, 90) : trend == -1 ? color.new(color.red, 90) : na) // Alerts for Breakouts alertcondition(src > resistance, title="Price Above Resistance", message="Price broke above resistance!") alertcondition(src < support, title="Price Below Support", message="Price broke below support!")
NSE:NIFTY
by Vasudevfor
Bank Nifty | Pre-Market Report | 23 Dec ~ 27 Dec 2024Bank Nifty too has been massacred by the brutal selling last week! If we look at the weekly chart, the weekly candle close has wiped out almost the last one month of Buying in a single blow! However, Bank Nifty still seems the stronger of the two indices when compared to Nifty. For the upcoming week, Bank Nifty seems likely to trade between 52,900 & 49,700 The sentiment would be Sideways to Bearish. Option sellers could benefit from Straddles on a Weekly Expiry basis. Option buyers should look for reversals at boundaries for best risk reward opportunities. Presently Bank Nifty is at the crucial strong support zone line a Weekly Charting basis which is also the 50-Week Moving Average zone. For now, it is advisable to trade these boundaries and see how Bank Nifty plays out in the coming weeks.
NSE:BANKNIFTYShort
by Sky_Tracer