The outlook for CL (Crude Oil) in intraday trading is somewhat mixed, with a few bullish factors and technical indicators to consider. Recent analysis shows that while technical signals point to a bearish trend in the short term, there are elements suggesting potential price support. For instance, the strength of the crude crack spread has risen to a 5¾-month...
This could be a strong opportunity to take a short position. If the price continues to test this resistance and fails, we anticipate a move lower towards the next support zone with a possible gap close on this 4H chart in the coming weeks.
Recent price action indicates an upward bias, suggesting that buying pressure could continue if the price breaks above nearby resistance. Traders may look for a breakout above resistance for a potential continuation of the uptrend. Key targets would be higher resistance levels, with a stop placed below the most recent low to manage risk.
Yen futures are gaining traction as risk-off sentiment takes hold following the Federal Reserve's rate cut and ongoing global economic uncertainty. With the U.S. dollar showing signs of weakness, the yen is poised to strengthen as investors seek safer assets.
Gold is showing signs of bullish momentum following the Federal Reserve's 0.25% rate cut, which has softened the U.S. dollar and increased demand for safe-haven assets. On the intraday charts, gold is consolidating near key support levels, setting up for a potential breakout.
The intraday charts for DXY suggest a potential pullback as the index struggles to maintain its recent highs following the Federal Reserve’s 0.25% rate cut. With mixed U.S. economic data and profit-taking likely, short-term bearish momentum could dominate.
The Euro futures market is showing signs of short-term bullish momentum, supported by a recent uptick in buying pressure. With the Federal Reserve's 0.25% rate cut, market sentiment appears to favor a weaker dollar in the near term, providing an opportunity for scalping long positions. Looking to capitalize on quick intraday moves, the plan is to buy into minor...
With the U.S. dollar showing signs of a potential high-timeframe trend reversal, a bearish outlook on DXY may be forming as broader macroeconomic factors weigh on the dollar’s strength. The 0.25% rate cut, combined with slightly softer economic data, could erode the dollar's current resilience and encourage further selling pressure.
DXY surged this week, bolstered by strong U.S. economic data. Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady. On the downside, the housing...
On the current chart, Yen futures are showing early signs of strength, supported by a weaker dollar environment and potential risk-off sentiment. After consolidating at a key support level, bullish momentum appears to be building, suggesting a possible continuation toward the next resistance zones.
Based on recent price action, I anticipate the market will move to close this gap. The gap close would align with typical liquidity-seeking behavior, as the market tests previous levels to confirm sentiment. Watching for confirmation near key intraday levels before positioning further.
Looking to fade the gap up in Euro futures on today’s open, betting on a bearish continuation following the initial upward move. This trade plan anticipates the recent gap filling down toward prior support, assuming no significant change in fundamentals
Looking for upside in yen futures as safe-haven demand increases. Persistent global uncertainties, alongside moderating U.S. economic momentum, could drive buyers into the yen, positioning it for gains
DXY is showing signs of continued bearish momentum, likely to extend further as selling pressure builds. Following recent economic data, sentiment remains weak for the dollar, pushing it toward key support levels.
Expecting yen futures to push higher as market sentiment shifts toward safe-haven assets. Current global uncertainties and yen strength indicate potential gains, with targets set at recent resistance levels. Stops are set below nearby support to manage risk on this move.
Expecting DXY to open with a gap down, looking for an initial fill back up before a potential continuation lower. This setup aims to capture the downside momentum post-fill, as bearish sentiment remains in play. Stops are placed above recent highs to manage risk, with targets aligned to key support levels.
Anticipating a potential pullback in USD/JPY, driven by signs of yen strength and possible profit-taking in the dollar. Slowing U.S. momentum and global risk aversion could boost the yen, creating a path for USD/JPY to dip toward recent support levels.
Oddly enough, the lower it goes, the more I like it.. However, having the patience to wait on price action to find a solid market structure level to call support is another game entirely. bullish DXY in general so watching UJ at "support" levels