The DXY's recent sharp uptick fell short of breaking past the previous downtrend pivot, suggesting a potential pullback to retest lower levels. Watch for possible fall.
DXY is trading under the declining trendline . The price is reacting well the support and resistance of falling trendline.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 104.3 followed by 104.6
What you guys...
Trading the US30 index amidst changing liquidity conditions demands strategic foresight. Despite external challenges, long positions hold promise for savvy investors. By staying focused, analyzing market dynamics, and fostering resilience, traders can turn volatility into opportunity.
There seems little reason to be bearish on the greenback right now, particularly as markets continue to hawkisly reprice the policy outlook, and with the Fed’s March ‘dot plot’ again likely to point to just 75bp of cuts this year, around 15bp more than markets currently price, which should continue to see Treasuries sell-off, naturally led by the front-end of the...
The US30 has enjoyed a robust bullish run, but recent price action on the 1D and 4H charts indicates potential weakness. I'm anticipating a **sell opportunity** should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior 1D accumulation range...
The market is not in its favourable session, NEW YORK SESSION.
Hence the two possiblities.
Stay Alert.
Be Patient and you'll be profitable.
P.S Its against my initial analysis due to market changes.
During the previous week the S&P 500 reached its new all time highest values by hitting 5.100. Tech companies were again the ones which were driving equity markets to the higher grounds. NVDA was the most discussed stock during the previous week, as its results show continuously strong performance. As per latest published results for Q4, Nvidia`s revenues were...
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We are currently in the range of the trading range, after the successive rises, the price is tired and resting, and we can be a seller in the ceilings and a buyer in the floors. specified to move
Do not log in without getting confirmation and be careful not...
Nifty 50 is seen completing 50% retracement of the prior leg i of 3 with today's dip.
The wave ii has achieved a 50% retracement of the wave i.
wave iii of 3 should now take off by today after noon.
the target for wave iii would be approx 22500 from here.
Today's intraday low of 22075 should most probably be a crucial bottom.
22000-22100 currently is the strong...
It is expected that the index will change its trend in the current support range and start an upward trend. Otherwise, the correction process will continue according to the blue color path
*Levels may work best for Future -
If BANKNIFTY sustain above 46886 then 46961 then 47024 then 47102 bullish above this then 47149 to 47178 then 47237 strong level then 47318 more bullish above this, then 47396 to 47421 positional bullish above this.
If BANKNIFTY sustain below 46769 or 46745 then 46672 below this bearish then 46620 then 46529 then 46457...
S&P 500 and the Nasdaq recorded fresh all-time highs last week. Again, is it necessary for the Fed to cut rates given the strong performance in US indices and steady US data as of late? There is however strong divergence on the RSI which could be an early sign for a pull back on to the 50-day MA of $4,850.
The US GDP results for the 4Q2023 is expected to show a...
Considering that the index has entered the resistance range, it is expected that the current upward trend will end in the specified resistance ranges and we will see the beginning of the correction process
The DXY recorded its first weekly loss for the year last week as the major red downward trendline and the 61.8 Fibo retracement rate of 104.80 held its ground. The DXY is currently sitting on the 200-day MA level of 103.73 and it will most likely test levels below this rate this week with the US GDP and US PCE prints on the schedule for this week. A failed break...
Today I have Long expectations for DXY. On previous week price deeply swept SSL and left a lot of liq. above. It would be great to rebalance during this week.
NAS100 could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 18,035.07 which is a pullback resistance.
Stop loss is at 18,200.00 which is a level that sits above the 127.2% Fibonacci extension level and the all-time high resistance.
Take profit is at 17,652.31 which is an overlap support that aligns...
