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DJ FXCM Index

Focus on USD and gold: DXY bearish signal and market dynamics🔍 Technical Observations On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal. Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly. Correlation with Gold: Gold returned to its all-time high zone last week and reacted with a pullback of nearly 20 points, demonstrating the inverse relationship between the two assets. 📊 Technical Analysis DXY: Support at FVG Zone: Following a sharp rally fueled by FOMO over Trump’s election victory, DXY reached a high liquidity void and has since reversed. Head and Shoulders Pattern: The failure to break the nearest resistance level on H4 triggered a significant sell-off. Gold: Correction After Rally: Gold appears to have completed its bullish wave at a critical resistance zone, indicating a potential start of a corrective phase. 💡 Key Factors Impacting DXY Monetary Policy: Decisions by the Federal Reserve (Fed) on interest rates continue to have a major influence on DXY. If the Fed signals a dovish stance, further pressure on DXY is expected. Economic Data: Indicators such as unemployment rates, GDP growth, and inflation will shape investor expectations for USD strength. Weak data may contribute to a downward trend in DXY. Political Climate: Trump’s election victory initially created FOMO-driven momentum. However, upcoming trade and fiscal policies could significantly shift the market direction. 🔮 Outlook for the Coming Week Based on recent developments: Technical Trends: DXY remains in a corrective downtrend, with further downside likely unless key resistance levels on H4 are breached. Market Sentiment: Weak economic data or dovish Fed signals may add downward pressure. Positive surprises from economic or political factors could lead to a swift reversal. 📢 Share Your Thoughts! How do you think DXY and gold will perform in the coming week? 👉 Follow KevinNguyen-SimpleTrade for more insights, strategies, and updates! 🚀
TVC:DXY
by KevinNguyen-SimpleTrade
TRADE IDEA ON SHORT SIDE - US DOLLAR INDEX (DXY)Symbol - DXY DXY is currently trading at 109.16 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 109.16 I will add more position if 109.65 comes & will hold with SL 110.05 Targets I'm expecting are 108.00 - 107.30 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
Dow Jones: Ready for a Bull Run?! Dow Jones is testing critical levels as it approaches a descending trendline. With strong support below and bullish momentum building, the question remains—will it break out for a rally or face resistance again? Key levels: 1. Resistance Zones: - 43,400.00 - 43,346.03 - 43,063.60 2. Support Levels: - 42,815.04 - 42,450.00 - 42,229.91 3. Current Setup: - The price is moving within a defined structure and testing the trendline resistance. - A successful breakout above the trendline could signal the start of a bullish run. - On the flip side, rejection at the resistance might lead to a retest of lower support zones. How to Trade This: - Bullish Strategy: - Watch for a breakout above 43,063.60 with strong volume. - Targets: 43,346.03 and 43,400.00. - Stop Loss: Below 42,815.04. - Bearish Strategy: - If the price gets rejected near 43,063.60, consider short positions. - Targets: 42,815.04 and 42,450.00. - Stop Loss: Above 43,063.60. Bottom Line: Dow Jones is at a critical juncture. A breakout could lead to a significant upward rally, while failure to clear the trendline resistance may bring the price back into its support range. Stay alert and trade the breakout or rejection based on confirmation! 📈📉 DJ:DJI BLACKBULL:US30 DJ:DJI TVC:DJI
DJ:DJILong
by thetradeforecast
1
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY DXY is currently trading at 105.57 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 105.57 I will add more position if 106.00 comes & will hold with SL 106.30 Targets I'm expecting are 104.75 - 104.30 - 103.73 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
A comparison of US Economy under Trump Vs Joe Biden PresidencyIt is debatable whether any sitting US President can exert much control over an economy that is as large and as complex as that of the U.S. But Stock Markets are a fair indicator of the overall state of the US economy based on investor sentiment in the markets. So let's have a look at the various factors that affected how the Dow Jones (as an illustrative example) and the US economy in general fared under Trump Vs Biden-Harris. 1. The DJI gained an impressive approx +12337 points (+67.22%) during the Presidency of Donald Trump, whereas it gained an equally impressive +11,868 points (+38.70%) under Biden-Harris. 2. Yet, the markets stumbled in the Second year of each Presidency - due to COVID lock downs, rising interest rates, Government shutdowns, Trade friction with China (under Trump), and rise in Inflation and interest rates (under Biden). 3. Year-3 was best under each Presidency, with impressive returns and dividends partly driven by reduction in interest rates (under Trump), Billions of Dollars in Stimulus packages, and reopening of economy post COVID and burgeoning AI driven boom (under Biden) and also lowering of interest rates (late into Biden Presidency). 4. Americans enjoyed relatively low Inflation under Trump, whereas resurgence of Inflation has been the biggest problem of Biden-Harris administration. The COVID induced supply chain snarls, geopolitical pressures, unleashing of pent-up demand, all pushed prices sharply higher under Biden-Harris. 5. Inflation has since cooled, most supply chains have normalised, Aggressive Fed rates have helped bring down price growth, still Inflation has increased by +20% during Biden-Harris Presidency and Americans are grappling under it's debilitating effects. 6. The US economy added 6.8 million jobs in the first three years under Trump, it then lost 9.8 million jobs in 2020 producing a Net Loss in employment under Trump. The US added 16.4 million jobs under Biden-Harris. 7. Americans ability to spend is usually their view of the economy. It is no surprise that most Americans feel they did better under Trump, when although wages were lower, but so was Inflation, with average hourly earnings rising +6.4% under Trump. While a tight labour market brought significant wage growth for most Americans under Biden-Harris, high Inflation has restricted purchasing power. The REAL Inflation adjusted wage growth under Biden-Harris is only +1.4%. 8. Notwithstanding a strong job market and economy under Biden-Harris, consumers aren't pleased with economic the conditions. But the Biden-Harris administration inherited a country suffering from the COVID pandemic fallout and soon Inflation added to the woes. Considering these factors Biden-Harris has done a fair job of keeping it together despite the added presuure of global geopolitical challenges. Even as the US markets are at All Time High levels, confidence in the trajectory of the economy is very low. The Gallup's Global Life Evaluation Index for US is registering low levels of confidence typically seen during recession. So, which Presidential candidate Trump or Harris, do you think will be better for the US economy in General and US and global markets in particular? Please let us know in the comments below. And we will have to wait and see who wins the elections this time and how the markets react.
TVC:DJI
by Jay_Maan
5
Bitcoin: BTCUSD bulls struggle amid overbought RSI, $70,100 eyedOn Monday morning, Bitcoin (BTCUSD) experienced slight losses after reaching a three-month high. This movement highlights overbought RSI conditions, indicating weak upside momentum beneath the horizontal resistance area established since early June. Buyers remain hopeful Despite overbought RSI conditions and facing key resistance, Bitcoin (BTCUSD) buyers remain optimistic. The pair is holding above last week’s breakout from a descending resistance line, which is now acting as support around $67,700. Additionally, bullish MACD signals suggest strong buyer momentum. Key technical levels to watch The horizontal resistance around $70,100 is a key barrier for Bitcoin bulls. They should also monitor the $70,000 threshold and recent highs near $72,000 as additional hurdles. If BTCUSD breaks through, the yearly peak near $73,800 and the $75,000 mark will attract buyers' attention. If Bitcoin (BTCUSD) breaks below the former support at around $67,700, it could trigger a short-term decline. Key levels to watch include the previous monthly high near $66,500 and the 200-SMA support around $63,300. If prices fall below $63,300, the next significant support is at $62,500. A move past that could lead to a drop towards the psychological level of $60,000 and potentially a monthly low of around $58,870. Upside potential remains intact Overall, Bitcoin (BTCUSD) buyers are likely to remain in control despite the challenges at key resistance. However, a price pullback is possible if the US Dollar strengthens from this week’s PMIs and Durable Goods Orders data.
BITSTAMP:BTCUSD
by MTradingGlobal
SHREE RENUKA SUGARAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:RENUKALong
by sreekumars
5
CNXIT BULLISH ! 1. Resistance Breakout: - The index has historically faced selling pressure at 38,653 - 38,405 Zone, causing it to reverse or pause its upward movement. - When a stock breaks above a strong resistance level, it means that buying demand has overwhelmed the selling pressure at that price point. This breakout is a positive sign, indicating that the chart may move higher, especially if it is a clean break (i.e., it closes significantly above the resistance level). - The **strength of the breakout** is often measured by the volume of trading activity. If the breakout occurs on **high volume*, it indicates that a large number of market participants are involved, adding credibility to the When a stock breaks through a strong resistance level and retests that level with good volume, it can signal a strong bullish move. Here's a detailed breakdown: 2. Retest of the Resistance Level: - After the breakout, it’s common to see a retest of the previous resistance level, which now acts as a support level. This retest occurs as some traders may take profits, or there may be some temporary selling pressure as the market re-evaluates the new price. - If the stock successfully holds above the previous resistance (now support) on the retest, it confirms that the breakout was valid. This gives bulls (buyers) more confidence that the level will hold and that the stock has further upside potential. 3. Volume Confirmation: - A retest with good volume is essential. If the stock holds the new support on strong volume, it signals that buyers are stepping in to defend the level, further reinforcing the idea that the stock is in a bullish phase. - Conversely, if the retest occurs on low volume, it may indicate a lack of conviction from buyers, and the breakout may be prone to failure. 4. Bullish Expectations: - When a stock breaks out of resistance and successfully retests it with strong volume, the expectation is that the stock will enter a new bullish trend. The prior resistance has now been transformed into a solid base of support, and the stock may experience momentum buying, pushing prices higher. - Traders often see this scenario as a low-risk, high-reward setup. Their stop-loss would typically be placed just below the new support level, while the upside target could be based on previous price patterns, such as Fibonacci extensions or previous highs. 5.Target : - it is on its all-time high targets on fib zones,pivots 0r based on future price action basis. # Summary: - **Breakout of strong resistance Indicates potential for higher prices. - **Retest of resistance as support Confirms strength of the move if support holds. - **Good volume on retest: Adds confidence in the bullish move. - **Bullish expectation Likely continuation of the upward trend. This combination forms a high-probability bullish setup in technical analysis. #cnxit #itsector #nifty
NSE:CNXITLong
by Sateesh07
XAUUSD - Prices decrease according to the trendGold fell to around $2,325 per ounce on Tuesday as investors await this week’s US economic reports for clarity on the Federal Reserve’s timeline for interest rate cuts. Key focal points include the core PCE index data, the Fed’s preferred inflation measure, alongside consumer spending and income, the third estimate for Q1 GDP growth, and the goods trade balance. Meanwhile, San Francisco Fed Bank President Mary Daly stated on Monday that she does not think the US central bank should lower rates until policymakers are confident that inflation is moving towards 2%. 🔴SELL GOLD: 2341 - 2343, SL: 246 🟢BUY GOLD: 2302- 2300, SL: 2296 ⛔️Breakout: top border 2334 - below 2323 - 2316 - 2312 🔼Support: 2316 - 2312- 2306 - 2300 🔽Resistance: 2337 - 2341 - 2345 - 2349 - 2354 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda