This weekly candle can be the death of crypto as we know it. Major correction, dxy could pump causing crypto to dump. It's alot of red news this month that can send dxy to the mf sky and crypto to the floor. Let's see if dxy continues its uptrend. Sheesh .. 106.952 SMASH, JP ain't playing
I'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders.
Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level...
The US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea:
Entry: Sell short at the current resistance level.
Stop-Loss: Place a stop-loss order above the recent high.
Target: Aim for the previous support/imbalance zone established at a prior low.
Rationale: The US30's...
Price is reacting off an overlap resistance level and could reverse from this level to our take profit
Entry: 5247.64
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement
Stop loss: 5265.25
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement
Take profit: 5220.30
Why we...
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US Nas 100 X RIGHT PRICES FOR QUARTER 2, 2024:
LETS BREAKDOWN!
First support = $18,371.2 follow by $18,373.9
Accumulation price = $18,399.3 , may touch $18,406.5.
Retest = $18,300.9
First support for April, 2024 = $18,425.1.
I will revisit during the week.
Check previous idea from the bottom projecting DXY back to 102.
This is looking good and the upwards targets are now 105.5 range near at the current yearly high. The 101.5 resistance was blasted through and the initial arrow up is playing out as a trend line nicely.
Once the next level around 102 hits the last level gained needs to hold on a retrace for...
Similar to bonds, Monday was the day that printed a bullish order block whilst the following days leading into the close for this week @ 104.672.
We have been bullish from the 8th March 2024 with the psychological number 105 being in the cards.
I will not be fading the possibility of a minor retracement to the daily fair value gap located at...
Nifty in a mild resistance zone after making a new ATH. After making a new ATH at 22529.95. As it did not close successfully above the previous all time high that is 22526 it has become a mild resistance. Momentum is good for it to make a new ATH tomorrow but the resistance may act again if it is not a gap up opening above the same level. In case of Nifty not able...
Nifty Short, Medium & Long Term View- 02-Apr-24 to 05-Apr-24
Nifty closed at 22462 on 01-Apr-24 (22096 on 22-Mar-24) and touched low & high of 21893 & 22517
RSI and stochastics levels have improved last week (61% & 92% Respectively).
Market was volatile in the month of March and in the end of the month started to increase.
Market touched new high on 01-Apr-24...
Good evening everyone! Don't forget to put your thumbs up and write comment if you like the idea.
And if on Friday our technique coincides with fundamental analysis, we should receive a very strong decline in the dollar index
Target: 103.800
I want to try this buy, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
US30 will correct as it should after the long sell today but it dropped before the NYS but it didnt move much during NYS but we should expect a long sell after the correction we should expect a 500 points sell opportunity
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Day late lol but here is the Weekly breakdown on DXY, US30, Gold and of course my favorite Forex. News to look out for this week is ADP Non Farm and of course Friday NFP ( Non Farm Payroll) Give a breakdown and analysis of all above.
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
