DJI has crossed below the MA(20) for the first time since late March. 1D has turned neutral (RSI = 50.457) calling for attention. Since the aggressive bull market took a pause in January 2018, Dow Jones crossed below the MA(20) 12 times. The dynamics of each break out vary but on average the price dropped -4.94% before the next sustainable rise. The highest...
DXY found resistance at the 98.34 level after the release of the US GDP (Gross Domestic Product) Q1. *Chicago PMI *CB Confidence * ADP Non-farm Employment Change and THe ISM Manufacturing PMI four Report looks better then ever . Until date 1, these three market mover data. last week's GDP growth and was solid. These reports are better then the ones that are...
there is no risk to go for short here, just look at the pink area and wait for a big crash in long term!
4H CHART EXPLANATION As we explained on the Daily/Weekly Analysis, price is on a Strong Bearish Zone, a confluence of: -Daily Resistance zone (Possible Triple top). -Wedge Pattern showing weakness of the Ascending movement. -Pullback to the broken Daily Ascending Trendline . -Bearish Divergence MACD . We expect a Break out of the Ascending Wedge Pattern...
EL DOLAR A PESAR DE TODO SE SIGUE FORTALENCIENDO, Y SE VE REFLEJADA SU FUERZA SIEMPRE PRIMERO EN EL DXY ASI QUE TENEMOS ESTE IMPULSO HACIA NIVEL DE FIBONACCI DE 61.8% UN TARGET MUY IMPORTANTE. CONFIRMADO CON CRUCE DE MEDIAS MOVILES PODEMOS ENTRAR A ESTA OPERACION CON UN BAJO RIESGO DE 3-1 TRADE SET GL HF
Trade setup for Natural Gas Confluence - Daily Mid range entry - Demand Block
Rally broken from below followed by a selloff cypher pattern formation, bull trap it looks too much like 1937... Hopefully we have some more room to go... Good Luck
Hello traders, today we take a look @ the DXY We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar. A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs. A solid High TF close above 97.25 and we can expect the...
Fed desicion to abandon its rate hike program, giving new sentiment to the markets, welcome to the stability!
DXY, US Dollar currency index: Forecast on H4.
Descending broadening wedge formation observed, or what I like to call it as- Muh Tasty Megaphone Price should blow out of it tomorrow, keep an eye for breakout :)
Buy Stop if it breaks 96.8 it goes to 98.75 and then after 99.15 breaks it goes to 102.8
Dow Jones alongside all US equity indices is in a strong uptrend despite the recent price action. All eyes on todays' FED press conference. It looks like the markets have already priced in another i/r hike of 25 b.p. IF fed will change its tone and the comments will be more Dovish, there is clearly the risk that the US equities will fly and continue reaching...