EURUSD has finally completed its long correction upside. The ending diagonal is also completing and price reversal is expected from this level. For adding shorts, the stop loss can be used at the previous high (wick).
We can see impulsive move downwards in the coming week to finish its bearish sequence.
BUY : 152 TO 123
TARGET : 274
Reason For Buying This Script :
In this stock it has broken the double bottom neck line. Once price close above 274 and the next target up to 396.
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
Weekly analysis for,
DXY - It may see correction of 3rd of the 3rd wave
Gold - It may give correction of the uptrend
Bitcoin - Does the new rally begun?
S&P500 - ABC Correction is unfolding.
#dxy #gold #bitcoin #SNP500
On Weekly Basis:
Dollar Index (DXY) reversed from high of 114.77 There is a support at 102 on weekly charts. DXY entered into bear cycle as there is a Death Cross where 50 DMA crossed over 200 DMA downwards. One can be cautious and it may provide a good chance of pullback in bear cycle. It is a sell from long term point of view. There is a death cross over at 200...
Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
dxy monthly and weekly looks bearish, indicating an end to a 16 months up-trending chart. This could mean a great year for cryptocurrency and /usd pairs ( posted a swing gu chart analysis earlier )
i'll be taking most trades in confluence with my macro bias for dxy hence mostly playing longs on crypto and /usd pairs in forex from now unless my idea (as pictured)...
Here we can see DXY has completed ABC on a higher degree and is moving inside triangle at the bottom. Though the wave count looks complete we cannot decide yet and in looking for a 3 wave drive upside which is being supported by the triangle forming ABC correction.
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My analysis today deals with how the further course of our most popular stock index "S&P500" could look like.
The DXY / USD has a non-negligible impact on the S&P500, as the whole economy depends on its behavior.
> Meanwhile, this seems to take run-up, for a final upswing, which could bring the S&P500 under massive selling pressure.
> Regardless of this...
Falcon Wave D is a 5 wave pattern unfolding, and looks like we are in wave 3 completion, the current one up looks like an internal 4th wave of blue 3rd wave.
Now, we can expect last leg down to complete 3rd wave and then it should go up in 4th wave (blue) as shown above and in the chart.
More on this in next few days.
DXY has a 5 wave decline on Weekly charts & Wave 5 have formed a ending diagonal today's push could mean end of Wave A so now a 3 wave or 7 wave pullback can take us back to 110 levels confirmation will be Weekly close above 105.35 (40 WEMA Red Line) & this bounce in $ should see some selloff in Commodity & Equity.