DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
the...
So far we have resistance at 50 ema, there is positive momentum on the higher time frames, which might lead us to test the top of triangle target level around 271$ , but we must break 50 ema first, and failure to break,will bring us back to 200 ema area and retest of the bottom of trend line.,258$-260$
SPX yesterday had a really good short setup as two bearish pin was formed and subsequently broke the uptrendline.
Overall the market is still pretty volatile and would avoid taking mid term positions during earnings announcement period
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Long SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK
In dollar index printed a bearish pin bar on daily time frame. now it stand major registrant label. So in my view it's again will go to short to next support zone.
I see US dollar index (DXY) bullish for next weeks.
When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June)
Technical Analysis details:
-I see divergence in squeeze indicator for trend reversal.(on weekly chart)
-Wave trend analysis shows that we are at the bottom...
DXY Dollar Index
The dollar has been been on a tearaway move ever since
breaking its longer term downtrend at the 90.42 level. By
'tearaway' in DXY terms that means 2%. Huge ! Over 11
calendar days or so. The same as Bitcoin moves in 45 minutes.
This is as exciting as DXY gets. And people seriously trade this
for a living. Some have to but in a world of...
We should look at the development in China stock market.
When many people are still in denial stage, we have hit our first TP.
It is due for a decent continuous sell down.
For now, it may rebound back up to 13,221 level but it shall go down a lot further.
I am looking for short only at this moment.
Trade Safe
s0nic
Disclaimer:
The information contained in...
Welcome to live trading. I will be making calls throughout the day on the index. Like the post and follow me to tune in and get notifications of my calls.
Lets go boys,
Ya boy
Darklord
Verwachting van AEX:
Eerst testen van Highs op 565-580 om vervolgens te dalen richting:
1. 520; daarna richting
2. 480; en als de vlam in de pan slaat dan naar:
3. 375-385
Potential reversal at weakness at 90.98 (LT 61.8% Fibonacci extension, LT 38.2% Fibonacci retracement, 100% Fibonacci extension, multiple swing high resistance) where price could potentially drop to its support at 90.18 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97%...
DJI Hourly Chart:
Looking at DJI hourly chart, there was a good shorting opportunity once the trendline has been broken..
The risk vs reward ratio is pretty good as well
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The Nifty 50 Price Index has already formed the Left Shoulder and the Head completely. Now to confirm this patter just wait for the price to form and complete the Right Shoulder as well. If this pattern fully completes, then there will be a huge sell off in the market and the 9000 price mark might be tested thereafter. The price did also break the Trendline and...
DJI had a slight pullback yesterday but is still above the 50MA so we are still optimistic to see a short term bull run
We would suggest to avoid going into positions as earning season can be quite volatile
The market will have big swings depending on the earning results of the major companies
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SPX formed a doji candle yesterday but still looking healthy at the moment.
There might be resistance ahead from the larger down trendline.
This will be an important area to take note. Hopefully the earnings season would help to lift the whole market higher
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