- DJI is currently encountering strong resistance at 34500. - The psychological significance of this resistance level adds to its importance. - This could be one of those, Go Big or Go home scenerios - In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level. What is...
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements. Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
Hey traders Congratulations.. "Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead" In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for...
As of daily chart, DXY is showing bullish momentum and next resistance will be around 107.
By the morning and open of regular market friday we should have a new gap down in indices due to futures pullback according to ai projection
✅DXY is going up now And the index broke the Key horizontal level of 105.000 Which is a support now and After the pullback and retest Of the new support we will Be expecting a bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Overview: The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively. Key Levels: 1. Support Levels: - Notable support lies at , representing a significant area where buying pressure has...
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✅DAX is trading in an uptrend Along the rising support line Which makes me bullish biased And the index is about to retest the rising support Thus, a rebound and a move up is expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! DAX broke out of the Long-term rising wedge And the breakout is confirmed So we are bearish biased now And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Im using this algo strategy to commit to a bars pattern from history in the Nasdaq. It seems that theres a high chance for continued pullback in the broader index led by tech and risk equities as bear volume picks up. these are the levels im watching for short opportunities.
ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM,...
Hello,Traders! SPY broke out of the rising Wedge pattern and is now Retesting the broken support So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Buy index when breaking out the 28662.327 on daily chart
The S&P500 remains bullish on its 1D technical outlook (RSI = 60.356, MACD = 47.470, ADX = 36.597) but today is having so far the strongest bearish 1D candle since December 15th 2022. Having hit the 0.786 Fibonacci level of the Channel Up at the start of the week, this can be a technical correction to at least the 1D MA100 if the 1D MA50 breaks. Consequently we...
DAX is almost overbought on the 1D timeframe (RSI = 69.159, MACD = 322.400, ADX = 30.730) and heavily on the 1W (RSI = 76.198), which suggests that the long term trend is massively bullish but on the short term a pull back below the 1D MA50 is needed in order to harmonize the supply and demand equilibrium. The index has already been rejected at the top of the HH...
Big Pattern = Big Moves Long consolidations = Fast Breakouts The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market. The French stock market - along much Europe hasn't done much for over two years But we are quickly approaching Target 1 of a large --- non conventional HVF Is it monetary stimulus or economic...