- The US Index is currently trading on its All-Time High
- From a Trade Perspective, I would like to wait and watch out what the FED delivers in the FOMC statement
- The rate-cut bets are now fading away and making it look tough for traders that the FED will cut rates
- Inflation is currently sitting at 3.4%
- Cutting rates fundamentally doesn't look feasible...
Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high.
During last OPEC meet on Wednesday OPEC decided in its first...
DJ:DJI
Head and shoulder pattern with lower low formation trading in downtrend. DJI seems to fall further in case of breaching below 30800 expecting a target of 30350, 29600 and then 28450, Stoploss should be 32100. As the time frame used in this chart is 1day, target should be achieved in 2-4 weeks.
S&P 500 is looking extremely dicey, we have formed a lower low on weekly and the drive up is most likely to trap retail traders and form a lower high. Watch how this plays out in the coming weeks.
US Dollar Index Buy Setup found
accoring to elliott wave analysis,
market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all.
i will be in buy as i analysed us index.
Best of luck
Traders Trusted Academy
Hello guys i had find this setup in 4h timeframe which is taken support at trendline and also broken descending trendline and might go and test above channel so we have a good opportunity to go for buying setup in usd pairs and also plzz do your own analysis before taking any trading decision if you like my analysis hit like and do share and follow me for more...
Hello guys i had find this setup in 1h timeframe which is on double top and broken structure we will wait for channel breakout and retest and will open position and will put our sl at swing high with target near trendline and plzz before opening any position do your won analysis if you like my analysis do like share and follow thank you
