According to my analysis, the movement of the gold index will be like this. This is not a signal.
Clear and straight forward analysis, just watching the monthly levels to reduce the noise within the markets. Green horizontal ray shows previous cycle all time highs and possible new support zones. Red horizontal ray shows intermediate resistance which was now flipped. Let's follow up on this view in a few weeks time.
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
Possible scenario for a dull data next week for US30, NAS100 and US500
S&P500 hit our TP = 4,315 (see chart at the bottom) even earlier than we expected and finally turned bullish on its 1D technical outlook (RSI = 56.977, MACD = -34.150, ADX = 40.157). In the process, it broke above the 1D MA50 for the first time since September 15th. The wider pattern is a Channel Down now. If the price gets rejected inside the pattern. e.g the R1...
Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel...
Hey there! In the 4-hour time frame, the S&P index, as observed, has shown positive reactions after a decline, starting from the range of 4100, and is currently trading around 4157. The expectation we can have in the 4-hour time frame is that, following this consolidation, we may witness growth towards the ranges of 4180 / 4220 / 4240. To better understand the...
I am cautiously optimistic that the the correction that started since mid July could be finally over and we could begin to see more ups rather than downs going into the final 2 months of this year. SPX did come very close to its H&S target while NQ was 4% shy of its H&S "target" (close enough though!) before we had a bullish reversal this week. One could still...
The China A50 index reached today the LH trendline of the August 1st top and turned neutral on the 1D technical outlook (RSI = 50.831, MACD = -120.000, ADX = 25.828). The 1D MACD Bullish Cross that was just formed on such a low level, makes the third time this year but we need further confirmation to buy for an extension as the March 23rd Bullish Cross failed to...
Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue...
Nasdaq is trading inside a Channel Down since the July High and is naturally on bearish 1D technicals (RSI = 39.169, MACD = -233.06, ADX = 37.454). This is a buy opportunity though as the price is rebounding today after making a LL bottom almost on the 1D MA200. That is a long term Support level, being unbroken since March 13th. The second bottom indication is...
Nifty 50 turned oversold last Thursday on the 1D technical outlook and that attracted investors which restored the timeframe from oversold to just bearish (RSI = 38.950, MACD = -141.600, ADX = 34.223). This shows considerable buying strength, a little over the 1D MA200, a support level that is holding since April. The price action look very much like...
Most indexes are looking to be short right now, this Index is overbought and has multiple tops with divergence. There is no pattern on this trade, but this is with the trend so it should fall to the bottom and bounce back up. Stop loss is 50 pips and the aim is around 10.
We see that the Nasdaq index has left its upward channel and is correcting yesterday's movement, and we can follow it on the upward path.
Tesla could continue its correction up to $168 and after hat can be again to the top
DXY D1 Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks. Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can...
hi traders as i can see a very simple view on Dxy chart that the bullish move is still going to complete the given level if we watch deeply in the chart the DXY holding a strong support zone with a strong data of CPI & NFP with FOMC meeting minutes then its an easy target for incoming days Kindly share ur thoughts via comment session... stay tuned for new updates
S&P500 is almost technically oversold on the 1D timeframe (RSI = 30.205, MACD = -54.210, ADX = 37.499) with the price reaching the 0.618 Fibonacci level from the March 13th Low. The last time the RSI was at 30.000 was on October 3rd, the previous LL of the Bearish Megaphone pattern. The two bullish sequences of this pattern have been around +4.60%. Since this is a...