Sell below the broken neckline at 11,600, reaching support at 10,700
Selling on the condition that the flag pattern is broken and the stability below it
The Dow Jones index rebounded to the double top at 34300 after trying to breach it unsuccessfully, forming a reversal flag pattern, and the index reversed to reach the pivotal support at 33300, breaking it well and trading below it, reaching the trend of the upper line of the price channel at 32700, and rebounded to 33000 - the current technical idea is waiting...
EURUSD - The EURUSD pair rebounded from the supply area between 1.0630 and 1.0775, but it is still trading above the trend of the downtrend line - the idea of selling from the current areas or selling after breaking the flag pattern shown on the chart at 1.0530, and the stability of trading below it, to reach the pivotal support at 1.000‼️
The outlook is buying after breaching the flag pattern shown near 105, to be the first target at 107: - As we can see on the chart, the dollar index rebounded from the demand and support area 103.20 - I expect the continuation of the rise, provided the flag pattern is breached and the above trading remains stable
The Eurodollar rose to 1.0590, to form an obstacle for it to rise further, due to the supply area between 1.0630 and 1.0500, and the trend of the main descending trend line, which pushed the pair to fall to 1.0450, and I expect the continuation of the decline to retest the first support at 1.000, which may support a rebound upwards!! ️ Note: breaking the support ...
Gold reached the supply area without any significant correction, so the supply area pushed it for a corrective decline to face the support 1740, then 1710, 1690, then 1680, then 1645, then 1615, all of which are retracement areas for gold.
The dollar index rebounded from the pivotal support from the demand areas near 104, as we explained in the previous analysis - now, in the event of a breach of 106, I expect a visit to 109, 110, and 111 as a re-test, from which the next will be
Clear respect for the supply and resistance area at 34300, which pushes the index to retest the support at 33300 - note: breaking the support opens the door to further declines that may reach 31000
The Dow Jones Index respected the double top area at 34300 and started to drop
Continue buying with a target of 145, and in the event of penetration and stability, the target may be 152 on the medium and long term
The Euro-dollar has reached a strong supply area that may push the pair to bounce down to retest the support 1,000 - Note: breaking the support will pressure the pair to fall to further levels
Short hhen buy after Price Action confirmation from the demand areas shown on the chart
The SPI previously talked about it with the rest of the analyzes in the market opening seminar on Sunday, and it has reached a target area that allows selling the indicator, aiming to re-test the previously breached trend.
The Dow Jones index has reached strong supply areas that may push the index to reverse to visit the levels of 33300, then 31700, then 31400, then 31000, then it may reach 30,000 in a row - with the appearance of a clear negative diver - the call for selling with the commitment to capital management - it is necessary to break the support 33300 to reach the levels...
The dollar index reached a strong demand area that could support the rise to retest the previously broken trend SHORT AFTER RETESTING THE TREND