Nifty pattern same in 1 htf It appears that the Nifty may be waiting to cross the 23,500 mark before beginning a downtrend. Same wedge pattern in 1hout timeframe Shortby k3103delhi1
US DOLLAR INDEX (DXY): Very Bullish Setup ExplainedThe Dollar Index is showing strong bullish momentum after breaking through a significant intraday resistance level. This level has now become a support area. With the market experiencing a continued bullish trend since last week, we could see further upward movement. The next resistance level to watch for is at 106.40.Longby linofx12
Nasdaq in potential area of interest for sell opportunity?Hi Guys, As of this writing the US !00 is at a potential area where we may get opportunity for LTF sell setups with opportunity to buy into a dip thereafter. Price is currently at the 3.0 fib retracement of the two points that form the channel that Ive drawn. Within the channel the clear impulsive trend move which is more obvious on a weekly timeframe is A to B to C, which result in a 0.618 fib trend based extension at this current price level. Lastly the third fib level is a 2.0 retracement of the latest pullback/consolidation from 23/5 to 31/5, which is pretty much at this current price level. Often the breach of the upper channel line can lead to a pullback back within the channel and a strong move back out of it or a deeper correction. I think in this case if there is some form of pullback from this level it will be very minor and we will see a more forceful move back up. The 4 hr RSI is showing divergence heading into this area. In saying all this the chart has printed a 4 hr double bottom breakout so we may just smash through this level like so many others before and continue on our merry way up. Will need to see a solid bearish pattern on 15 min or 1 hour to enter short around this level though and focus will be to add long position at any of the demand zones below. Safe trading all Shortby elyask1203
US30We looking for buying opportunities as we are still inside a bullish trendline and the market is still respecting the support zoneLongby officialpotego_fx8
S&P 500: All-Time Highs and Potential DeclineS&P 500 (SPX) Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated the previous week, successfully reaching the projected target of 5450. However, it now appears poised for a potential decline. This Week's Outlook: The price is likely to experience a strong bearish correction as long as it trades below 5450, potentially reaching 5310 and 5260. However, the SPX is expected to consolidate between 5450 and 5260. Bullish Scenario: To initiate a new bullish trend, the price must close at least a 4-hour candle above 5450, targeting 5485. Sustained stability above 5450 would be required to confirm a bullish move towards 5550. Bearish Scenario: As long as the price remains below 5450, it is expected to drop towards 5345 and 5310. A further decline could see the price reaching 5260. Key Levels: - Pivot Line: 5450 - Resistance Levels: 5484, 5525, 5550 - Support Levels: 5372, 5320, 5261 Weekly Expected Trading Range: The anticipated movement range for this week is between the resistance at 5460 and the support at 5260. In summary, maintaining a position below 5450 suggests a bearish outlook with lower support targets in focus. Conversely, closing above 5450 could indicate a bullish reversal, aiming for higher resistance levels. Our Previous Weekly Idea: Fundamental Analysis:: Market Analysis: S&P 500 at All-Time Highs Amid Overbought Conditions Overbought Conditions Aren't a Sell Signal: A low VIX indicates an overbought condition, but it does not serve as a sell signal. Bullish Momentum in the S&P 500: The S&P 500 (SPX) is once again at all-time highs, with bullish momentum accelerating. Following a favorable interpretation of the consumer price index figures on Wednesday, the S&P 500 surged to new intraday and closing all-time highs. Fed's Impact and Market Reaction: Despite a somewhat lukewarm outcome from the Federal Reserve's FOMC meeting later that day, which triggered some sell programs, the overall buying momentum remained strong. Positive Indicators Amid Overbought Conditions: Our indicators have largely remained positive throughout this phase and continue to signal bullishness. However, overbought conditions are starting to appear, which is expected given the strength of the rally. Shortby SroshMayi6
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100 The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940. Bullish Scenario: For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact. Bearish Scenario: Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600. Key Levels: - Pivot Line: 19,100 - Resistance Levels: 19200, 19300, 19450 - Support Levels: 18940, 18820, 18710 Today's Expected Range: The price is expected to move between the support at 18,820 and the resistance at 19,450. Longby SroshMayiUpdated 19
Nifty is following a pattern in monthly time frameIf nifty continues with this pattern we could have a good range by the end of July, will provide the pattern range and other important points shortly in comment section by omvats1Updated 101063
Trust me, you'll need this analysis!Hello, trader. The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 19.400 to 19.380 Important Demand Zone: Identified between 19.400 to 19.380, serving as a low-risk buy. 19.460: Possible retracement area. 19.500: Possible retracement area. 19.560: Possible retracement area. 19.625: Possible retracement area. Ultimate Target: 19.667- Liquidity area.by JellytianUpdated 1
There's a storm on my chartHi everyone, I see two possibilities. Blue or Brown ? (we have to see!) Technical Section: The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally. Wave 5 = 2.618 x length of Wave 1 Wave 3 = 2 x length of Wave 1 Target = 5790 The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally. Wave 3 = 4.236 x length of Wave 1 Target = 6440Longby BTC-XLMUpdated 101017
Hellena | SPX500 (4H): Long to 5549 area (Wave "3").Dear Colleagues, I believe that price will continue its upward movement to the 5549 area. I think that now the wave "3" of the higher order continues its active development. Possible correction in wave "2" to the area of 5369.9. Manage your capital correctly and competently! Only enter trades based on reliable patterns! Longby Hellena_TradeUpdated 3310
USNAS100 ( ATTEMPT TO BEARESH ) ( 4H )USNAS100 HELLO TRADERS Tendency the price is a short pressure in 19,700 Turning level : The turning level 19,700, so as long as the price above this level, there will be a new historical peaks resistance level : braking turning level 19,700, the price will rise to 19,950 and 20,140 support level : trading above turning level 19,700 , the price will reach the support level of 19,400 and 19,110 , stable this level reach to 18,935 corrective level : price will 19,700 , correct itself before dropping I HOPE YOU A PROFITABLE DAYShortby ArinaKarayi4
RUSSELL - Looking Bullish..OANDA:US2000USD Completed a major pattern yesterday so its set up nice for more upside. We do have the big data days coming up on Wednesday/Thursday which can change things but this is where we are for now.. Enjoy the day. Longby L_FUpdated 6
SPX500 Local Short!SPX500 went up to Retest the horizontal Resistance level of 5436 From where we will be Expecting a local Move down!Shortby kacim_elloittUpdated 5
GERMANY40 / 30 Bearish Robbery Plan To make moneyMy Dear Robbers / Traders, This is our master plan to Heist GERMANY 40 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Shortby Thief_TraderUpdated 2
UK100 ShortI'm considering a short position on the UK100. I anticipate a retest of the current resistance, which aligns with the trendline. - 1:1.5 RR - SL above the previous weekly high - TP current support levelUShortby TradebyRossUpdated 3
Nifty making wedgeNIFTY is forming a wedge; it remains to be seen whether it will break on the upside or downside. Typically, this trend indicates a potential fall in prices in the coming days.by k3103delhi1
SPX500USD ( BEARISH PRESSURE ) ( 4H )SPX500USD HELLO TRADERS Tendency the price is a short pressure in 5,438 Turning level : The turning level 5,438 , so as long as the price above this level, there will be a new historical peaks resistance level : breaking turning level 5,438 , the price will rise to 5,475 and 5,519 support level : braking a turning level 5,438 the price will reach the support level of 5,372 and 5,326 supply zone : below 5,438 demand zone : 5,372 and 5,326 I HOPE YOU A PTOFITABLE DAY Shortby ArinaKarayi3
SP500: Buy A Dip Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal Reserve might be one step closer to potential rate cuts later this year, although I think this is still a distant possibility. However, the markets are definitely positioning for this move later this year. Examining US Treasury yields, we have seen a strong reversal on the 10-year note, indicating that the dollar could continue its downward pressure. When looking at the S&P 500, which typically trades inversely to the US dollar, we see a strong upward move. In fact, several breakaway gaps in the cash market suggest a very strong uptrend. From an Elliott wave perspective, you need five waves up before looking for a potential completion of the uptrend. If we examine the rise from April, we can clearly see that this is not yet a five-wave movement. In fact, the strong middle move up from 5,000 typically represents an impulse within an ongoing trend. I would argue that there is room for more upside, especially after the next retracement, which I believe could be wave four. Given the extended move in wave three, we should see some pullbacks as markets do not move in a straight line. The first potential and interesting support area could be between 5,250 and 5,270, which was the previous high and the recent gap that occurred after the latest CPI figures. This certainly appears to be a key area for the next dip. If you want to play the long side, you will likely want to see the pullback first. The invalidation level of the whole recovery would be around 5,124. If we believe we are in an impulsive sequence and expect more upside, then wave four must not intrude into the territory of wave one or wave two. If this happens, it means that the trend is most likely changing to bearish or maybe just moving sideways. Gregaby ew-forecastUpdated 5
NASDAQ ANALYSISChart : 1Hour Overall Trend : Bullish Current Market Structure : Uptrend Scenario 1 : Market continues to create new all time highs . Market is currently ranging will wait for a break above or below our consolidation area for use to see if we are due for a pull back or will price continue towards the upside . Creating new highs Longby Brehayne_Updated 2
S&P500 - Possible Short Term Top in. OANDA:SPX500USD is looking like its in the end of the move higher. Thursday/Friday were very slow after the early week rally even with NFPs giving things a spike. now we look for Monday to give us some clues for the next move. Option 1 - We get a move down to 5320 before one more high up to 5400 area. Option 2 - The top is in on this run from the April low and we get a deeper PB down towards 5200 followed by another ATH around 5500. Option 3 - But less likely, it holds Fridays lows and we get one more run up to 5400 then a deeper correction. Things to watch going into this week with Inflation data Wednesday/Thursday and the next Interest rate decision out of the US Wednesday were they are expected to keep things at the same level. I will also post expected intra-day movements throughout the week. Enjoy the week, watch for Monday clues. by L_FUpdated 2
Hang Seng Tries to Hold Key Support Amidst Mixed Chinese DataThe relief rally of the past four-months fades as HKG33 concluded a four-week losing streak, leading to a challenge of pivotal support levels. The Hong Kong index tests the 38.2% Fibonacci of this year’s low/high advance, creating risk for a deeper correction towards the 61.8% level. China’s post pandemic recovery is bumpy, underscored by distressed property sector, subdued factory activity and weak domestic demand, with CPI hovering around zero for the past year. Today’s data showed a deceleration in industrial production to 5.6% y/y and another drop in house prices. Retail sales grew 3.7% y/y though, offering reasons for optimism. Furthermore, China’s real estate market may be in poor shape, but Beijing has found new growth pillars in electric vehicles, car batteries and solar cells. Adding to hopes for better days ahead, both the IMF and the World Bank recently upgraded their China GDP forecasts. HKG33 finds reprieve today and tries to hold the pivotal 38.2% Fibonacci and the 200 Days EMA (blue line. Successful effort will give it the opportunity to retake 18,736 and the chance to push for higher highs (19,794), but the latter has a higher degree of difficulty. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. Hby FXCM1
CAC 40 struggles to reverse higher after worst week in over two The CAC 40 suffered its worst performance in over two years last week. The political turmoil stemming from the European elections caused the French stock index to drop over 6.5% from the open last Monday as French president Emmanuel Macron called a snap election after the bad results in Sunday’s polls. The index fell 2.7% on Friday alone as polls showed Marine Le Pen’s far-right Rassemblement National or a left-wing coalition could leave Macron’s centrist alliance out of the running. It seems like the surge in right-wing support has left Macron’s party without most of its centre-left and centre-right support. Current ministers have warned that if Rassemblement National were to win it could lead to a debt crisis like the one seen in the UK under Liz Truss, with a lack of fiscal responsibility and a clash with Brussels. But even if Le Pen’s party doesn’t win, there is likely to be political instability up ahead, which has led to turmoil in markets. Yields on French bonds spiked last week with the 10-year yield spread with German bonds shooting up to 0.82%, the highest level in over a decade. But yields on French bonds had already been rising as the S&P S&P Global rating agency downgraded French debt at the close of markets on May 31. The spread between German and French bonds recovered slightly the following week as markets focused on the ECB cutting rates, but Macron’s announced snap legislative elections caused the spread to spike. The timing has been unfortunate as the rating downgrade has added to the perception of financial risks in the French economy. Concerns about the levels of French corporate debt are starting to come to light and markets are worrying about the impact this can have on the French economy and the Euro bloc as a whole. Stock markets in Spain, Italy and Germany all took a tumble last week as a knock-on effect as the Eurozone debt crisis just over a decade ago no longer seems so far away. For now, European stocks are attempting a rebound on Monday morning. The DAX 40, EURO STOXX 50 and CAC 40 are all attempting a rebound after bouncing off Friday’s lows, but the momentum seems fragile. Banks, which hold substantial government debt, have been among the worst-performing French stocks. Last week’s moves have pushed the CAC 40 into oversold territory but it doesn’t seem like this will be enough to stop the bearish momentum. In the last four weeks, the index has dropped below its four key moving averages and therefore there is a lack of immediate support. If the selloff continues, the 7,400 mark has provided support in the past and could offer a chance for new buyers to come in if we see some profit taking this week. by CapitalcomUpdated 1
Nikkei Stops (Mixed Long and Short)Probably too ideal to come to fruition, this scenario is considering a rebound from the bullish forces in case of a descent towards the X zone, after encountering resistance near the red plank zone. If the bullish scenario manifests triggering an incursion towards the Z, this spot would be almost perfect for considering a bearish correction, considering that the retest of the grey slightly curved trendline would coincide with a revisiting of the previous record High. Will be watching closely the price action near the green marked price level for any signs of potential bullish sentiment as the bearish forces haven't looked decisive or important enough since the low near 36700.Nby nenUpdated 7