Good Morning! Trying to get an idea of where #stocks may go. IMO bias is up BUT we cannot be deterred by biases, can we? TVC:DXY 4Hr is showing weakness. Circles = moving avg bear crossovers. We see the quick drops BUT they RECUPERATE hours later. The 2nd chart shows DAILY vs 4Hr. Makes it easy to see how decent the drops are. TVC:DJI TVC:NDQ SP:SPX
Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar. I follow the price in 2 scenarios. The first scenario (which I follow): I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity. Second scenario: The previous High...
Price action analysis. Important key levels. Detailed technical outlook ahead of Employment data. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
NZDUSD formed an inverted h&s pattern on a key horizontal structure support. Its neckline breakout is a strong bullish signal for us. I expect a pullback to 0.5987 with a potential continuation to 0.603 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed weak Bearish around 1821.300 as price consolidate within the No Trade Zone identified on the most recent Analysis posted for Wednesday 4th October 2023. – Buys on close above 1829.200 targeting 1h Resistance around 1833.700, Leaving Runners to the next Hourly Resistance formed around 1838.000. – Sells on close below 1817.200...
The DXY (U.S. Dollar Index) is on a strong 3 month rally that has taken the market by surprise. However if we look on the (much) larger time-frames such as today's 1M (monthly), we see that this move wasn't so unexpected. First of all, the price rebounded just before it hit the 1M MA50 (blue trend-line). On a large scale, DXY is simply extending the Channel Up...
TVC:DXY on left in all charts (only DJI shown here) DJ:DJI & CBOE:SPX & TVC:TNX on right. Short term we are badly due for some sort of relief rally, we nibbled in this area AMEX:UDOW AMEX:SPXL Not sure how high this can go so we have been nibbling and will sell in tranches. #stocks TVC:NDQ AMEX:DIA AMEX:SPY NASDAQ:QQQ
Historically, the YELLOW support area NEVER holds when TVC:DXY is on its way back down. HOWEVER, the US #Dollar is showing strength. (this is vs a basket of currencies that are also weak.) 1st time it bounced back this hard. This looks like it wants to keep going, longer term. We'll see. This is NOT good for #stocks (longer term). TVC:TNX has been trading closely.
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 105.900 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.900 support and resistance area. Trade safe, Joe.
As I predicted, USDCAD bounced nicely. After a test of a significant daily resistance, the market violated that and closed above, setting a new higher high higher close. It feels like the market may go even higher now. Next resistance - 1.376 ❤️Please, support my work with like, thank you!❤️
Ethereum, alongside Bitcoin and Dogecoin, is one of those cryptocurrencies that are well-known even outside of the crypto community. And it is for a good reason — Ethereum is one of the most feature-rich and interesting blockchains out there. Ethereum ETH/USD ends the trading week at 1623 and continues to move within the correction and bullish channel. Moving...
FX:USDCAD is forming an impulse from the base of the ascending price channel. When breaking through the resistance mentioned earlier, we see active strengthening, which is also supported by the fundamental component The TVC:DXY is in a bullish trend, as evidenced by the weekly chart on the left. The price is chasing a rise towards 107.5, which will make the...
-- On the 30-minute chart, GBP/USD is trading in a downtrend. The pair has broken below its key support level at 1.2100, and is now targeting the 1.2000 level. -- On the 4-hour chart, GBP/USD is also trading in a downtrend. The pair has broken below its key support level at 1.2200, and is now targeting the 1.2050 level. -- On the daily chart, GBP/USD is also...
– Previous Daily candle closed small Bearish around 1822.900 as price started to range on the Hourly timeframe. – Buys on close above 1829.200 targeting 1h Resistance around 1833.700, Leaving Runners to the next Hourly Resistance formed around 1838.000. – Sells on close below 1817.200 targeting Weekly Support formed around 1810.800, Leaving Runners to the Daily...
I bring you fantastic news that will surely make your day even brighter. The upcoming job report expect to have an impressive addition of 150,000 new jobs, coupled with a lower unemployment rate. This remarkable achievement will set the stage for an exciting journey ahead for the US dollar! The US economy continues to demonstrate its resilience and strength, and...
Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head...
Important update for USDJPY. Multiple time frame analysis. Price action. Trading recommendations. Thoughts. ❤️Please, support this video with like and comment!❤️
We've made a stink about the TVC:TNX & the TVC:DXY for a VERY long time now. WAY OVER 1 year. They're trading congruent & it's a danger. Short term #interestrates have been stuck for a while. Keep looking for a normalization of the #yield curve! = Long term rates higher than short term (getting closer). #dollar #stocks