DOW JONES 1D UPDATE - Wait for the price to react from the zones.
- Do not attempt longs blindly
- Wait for the origin to get mitigated.
DJ FXCM Index
Tight Liquidity Globally as well as locally pulls Equities downRising US Yields are attracting liquidity from all assets. Also, in the domestic markets the yield curve has become flat.
From being normal sloping during height of Covid to flat today; the shape and level of the yield curve have repercussions on investors.
This video examines the liquidity situation globally as well as locally and tracks leading indicators to get a sense of whether the trend is reversing any time soon.
These fundamental factors lead to technical charts being formed which are now looking more and more bearish.
Finally this video puts it all together to convert all the analysis into action. The script which i have shared is a simple indicator ewhich checks if the low of the current candle is lower than the previous one, and if so, it triggers a buy alert.
Simple as it sounds, is also very effective in pulling the buying average down as we increase the quantity of our holding.
📊 Forex Currency Technical Analysis - XAUUSD 📈📉Currency Pair: XAUUSD ( GOLD )
Time Frame: 1 DAILY TF
Analysis Summary: 📝
As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's worth noting that some technical indicators are in contrast to the moving average, indicating a potential strong sell signal.
Key Technical Indicators: 📈📉
Moving Averages:
MA5 : 1969 (S) | 1963 (E)
MA10 : 1936 (S) | 1938 (E)
MA20 : 1889 (S) | 1919 (E)
MA50 : 1922 (S) | 1912 (E)
MA100 : 1922 (S) | 1918 (E)
Relative Strength Index (RSI):
RSI value is 68.223 and it is in BUY zone
Support and Resistance Levels: 1964.96 & 1978.40
Chart Patterns:
THREE INSIDE DOWN : Bearish Reversal ( Indication ), High ( Reliabilty),This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal (Description).
THREE INSIDE UP : Bearish reversal ( Indication ), MEDIUM ( Reliabilty ), During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle ( Description ).
Price Analysis: 📈📉
The current market price of XAU/USD is $1,975, and it is indicating an uptrend. This upward movement is supported by technical indicators such as the RSI, moving averages (MA), and ATR (Average True Range), all of which are showing positive trends.
Trade Recommendations: 📊📈
Consider taking a long position if the price breaks above the resistance level of 1978, with confirmation from the RSI.
Educational Purpose
This information is for educational purposes only, and you should conduct your research and consider seeking advice from financial professionals when making real investment decisions.
Long-term CHF trading strategyAUD/USD continues to recover from the 0.6285 area, gradually forming a double bottom pattern with the neckline at 0.6435. On frame D1, the recovery momentum has weakened after touching the 20-day MA at 0.6380.
On the H4 frame, the currency pair is still maintaining an uptrend. The RSI and MACD indicators signal that the upward momentum is still maintained. The price can still gain momentum if it maintains above the MA 20 line at 0.6330.
Immediate resistance will be at 0.6390 and 0.6435. If the price retraces below 0.6330, the next important support levels will be 0.6310, 0.6285 and 0.6255.v
XAGUSD (Silver/US Dollar)XAGUSD Technical Analysis : As of 17th October 2023, silver (XAG) against the US Dollar (USD) is showing signs of a bullish trend. The Relative Strength Index (RSI) is 53.57, indicating neutral conditions, while the Moving Average Convergence Divergence (MACD) is showing a Selling crossover. The silver price has also formed an ascending triangle pattern, suggesting potential upward momentum.
Key Resistance: 22.74
Key Support: 22.46
Traders should closely monitor price movements around these levels. A break above the resistance could signal further gains, while a drop below support may indicate a reversal. Consider your risk management strategy before entering any trade.
On the Basis of TF are :
Minute TF : "Moving Average" & Technical Indicator" are showing bullish movementum
Hourly TF : "Moving Average" & Technical Indicator" are showing bullish movementum
Daily TF : "Moving Average" is neutral but the "Technical Indicator" is showing bullish movementum
Weekly TF : "Moving Average" & Technical Indicator" are showing bearish movementum
XAUUSD : Inverted Hammer Formation MAJOR TECHNICAL LEVEL
R1 : 1873.47 | R2 : 1875.09 | R3 : 1878.05
S1 : 1864.31 | S2 : 1865.93 | S3 : 1868.89
CANDLESTICK FORMATION
Inverted hammer candle formation in intraday time frame. There are major technical indicators show strong buy zone in hourly, daily and weekly time frame.
DXY on the edge of trend reversal?With resistance between 106.811 to 106.45, Dollar is on a deciding stage where it will target eithe 108 as upside target on breach of the resistance or will change the trend for a while to pull back till 105.50, 105.10 as initial support range.
TECHNICAL VIEW ON XAUUSD ( ON DAILY TIME FRAME )1) Pivot point IS 1820.50
_R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_
_S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _
2) Moving average ( 5, 10, 20, 50, 100, 200)
_MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E)
| MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_
3) Trend analysis (MIN, HOURLY, DAILY, WEEKLY, MONTHLY )
15MIN : DOWNTREND | HOURLY : SIDEWAY | DAILY : DOWNTREND | WEEKLY : DOWNTREND | MONTHLY : NEUTRAL
4) Technical analysis (ON DAILY TF)
_RSI(14) 20.354 (Oversold) | MACD(12,26) -27.050 (Sell) | ADX(14) 49.810 (Sell) | ATR(14) 17.9862 (High Volatility)_
usdjpy long setup usdjpy long setup after liquidity breach
if we can find internal liquidity between
NZDUSD SELLFOREXCOM:NZDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Usdcad future price predictionsUsd cad seems to be bearish soon .
It can be rejected from the major supply zone after grabbing the liquidity
DOLLAR INDEXHello & welcome to this analysis
In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern.
A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered negated above 103.90
U.S. Dollar Index (DXY)The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies.
This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely, there is an inverse correlation.
The DXY or USDX measures the exchange rate of the US dollar against 6 currencies. The currency with the most weight in its composition is the euro.
It is a key indicator in analyzing the value of the dollar to determine its trend. Additionally, it can be used to study the global macroeconomic situation, as well as to gauge the level of economic and financial uncertainty at a particular moment. (🇮🇳)
USD INR Weekly Brackout 🙄The USD INR brackout is negative for the import company & also the Fiscal Deficit increse, but this is good for exporting company: my view this brackout is not good for the indian economic.
Diagonal ended. A new raise of Walt DisneyExplained in a chart clearly.
An impulse wave was over with an ending diagonal. We may expect an impulse up side move.
But it may also give a little low .
NZDUSD 5RR Trading Setup1) Uptrend
2) Price is above EMA
3) Moving up From their Strong support
4) Fundamentally NZDUSD Is looking LONG
70% Technical 30% Fundamental
USDCHF 5RR Setup1) Downtrend
2) Price is Below EMA
3) Moving Down From their Strong Resistance
4) Fundamentally USDCHF Is looking Short
70% Technical 30% Fundamental
USDCAD 4RR Setup1) Downtrend
2) Price is Below EMA
3) Moving Down From their Strong Resistance
4) Fundamentally USDCAD Is looking Short
70% Technical 30% Fundamental
GBPUSD 1:4 Trade Personally,
I am Thinking of Going Short on GBP/USD
Because GBP is looking Bearish Fundamentally
and USD is also Looking Bullish Fundamentally
BEARISH IDEA📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Wedge
📌 Symbol/Asset: USD/INR
🔍 Description: Strong resistance.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
GOLD BUY IDEAGOLD ANALYSIS:
GOLD has been one of the most considered safe haven against the fall of USD.
Most investors turned to consider GOLD as a safe haven due to following factors:
The CORE PCE fall as expected on Friday where this indicates that FED will not out more efforts for tightening since the stubborn inflation is coming close to target.
FED may pause rate hikes this year (2023) because inflation is on hand and coming closely to target which is 2%.
Technically and for longer term GOLD is bearish however the current bullish waves gave room for us to closely look at important zones where we have 1893.
The price has bounced from the area level now 1893 and 1911.722 because traders found the area as 61.8 Retracement of current high around 1922.689, hence there may be correction from this level back to 1904.293 which will definitely be our entry zone.
Technically GOLD turns bullish for the short term where an inverted H&S formed and its neckline was broken above, our entry for the broken neckline of inverted H&S will exactly be the same level of 61.8 Retracement level of the current high which is 1904.770.
#AudjpyAlways take entry after multi. confirmation.
This is a smc & multi confirmation based entry.
You are requested to take full care of your risk management.
If I can be of any use to you, please dm me.
BTC’s price hit $38624.14The price of BTC/USDT has been dumped by -1.05% in the last 24 hours. Bitcoin is shown in the bearish mode & it will touch $24000 in 2023 and in bullish mode it will touch the $38600 in 2023. The previous All Time High was on 10th November 2021 where BTC was priced at $69,045.
It has moved by 17.54% in the past week and it currently at $30000 approximately. There is slight bearish sentiment shown in the crypto market But in the long term it will hit the $34900 approximately in 2024. The current market cap of Bitcoin is $582,490,336,788.
