4 HOUR Prices at strong resistance area, looking for a turn shortly!
DAILY Prices to high right now, we need a pullback and bearish price action!
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FOREX SETUP SELL EURNZD ENTRY @ 1.74320 SL @ 1.75720 (140 Pips) TP @ 1.71940 (240 Pips) RR: 1.70 Use 1%-2% risk per Position! (Remember to add a few pips to all levels - different Brokers!)
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Hi DACT, thanks for the great analysis. I have been waiting to enter this trade, but it keeps going higher. Is your analysis still valid - we are still within the SL.
Ltd
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Hi DACT, the SL has been hit. Is this a triple top and is it nearing final collapse or do we need to exit completely?
smart4trader
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ye
Dave-FX-Hunter
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God view!
DACapitalTrading
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@DaweFXHunter, Thanks
smart4trader
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The results after US interest rates
Market Review on September 19, 2019
#SP500
September 18, 2019 it was announced reduction of interest rates in the US and in fact had to support the US stock market and to provoke the movement of stock indices, but nothing happened except for a small splash. The interest rate was reduced by 0.25 basis points from the level of 2.25% to 2%, by the way, and said in previous articles. However, it is important to remember that the Fed easing monetary policy is not short-term speculation and the task of the central bank in terms of reducing interest rates - this increase in lending for business development. And on how much it will happen quickly, needless to say. Also worth noting that the negative reports PMI and NMI set the tone in the assessment of US GDP, and large amounts of capital still refrain from investing until the publication of the report, which will happen September 26, 2019.
From technical point of view, the SP500 index is on a monthly volatility resistance zone in the area (3004)
Daily volatility support - 2988
Weekly volatility support - 2953
Daily volatility support - 2910
On Wednesday, after the opening of the stock market volume on the NYSE and NASDAQ markets were declining trend, but futures on indices received a strong infusion in the form of market purchases, as shown in the graph of the cumulative delta.
Trading Recommendations for September 19 will be searching for sales after the opening of US stock market and a confirmation NYSE & NASDAQ EXCHANGE DELTA VOLUME with the objectives
Daily volatility support - 2988
Weekly volatility support - 2953
Daily volatility support - 2910