Usindex
DXYMy view on DXY (us dollar index) we have entered the buy as there possibilty for turning piont at this area, with keeping in mind there can be more to down side as shown on chart,
always plan your trade before enter any trade
Trade with care !
Regards, Ali Dib
The Chart Trader
check the attached chart for dxy at the bottom to see how we been able to forecast this pair from two years with high accuracy
US INDEX STILL UNDER PRESSURE ( BEARISH LEAD )price almost reach support level also we have another monthly up trend support line at the same level of support area
we expect retest the resistance area before drop down to support levels and cross the monthly uptrend
as shown on the chart
note \ just we will wait to see Monday reaction on the market
NASDAQ Divergence on the Daily chartTake a look at the divergence that happened in February 2020. Well that same divergence has happened once again in a similar scale so we can expect a similar type of sell off. Not to mention how overbought the Nasdaq is doing, many will take this as a sign to take their profits.
Dow Jones: Channel Up on 1H with MACD crossing.Dow Jones is trading within a Channel Up on the 1H chart (RSI = 41.064, MACD = -20.100, ADX = 30.196), currently on the bearish leg towards the Higher Low trend-line. The MACD is about to make a green cross, which is a bullsh signal. It can still take a few hours until the formation prices the Higher Low (even sideways) so there is still time to enter. Our TP is 26,500.
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DOW JONES INDEX Analysis .TVC:DJI was strong enough to considerably bounce off the red strong trendline , it's actually quite a good first sign that it is strong enough to stay above the red trendline and/or the red rectangle area (24500-25250).
In fact as long as it stays above the red rectangle area , Dow will be trying to break above the Major line (Green Line) .
The longer price remains above the white trendline , the better the chance for a break above the Major Line .
But if it fails to stay above the red rectangle and breaks below it , it would have a considerable probability to continue down , first, to the blue line (around 22500) .
DOW JONES INDEX Analysis .This is going to be a general overview on the Dow Jones from a weekly perspective.More details are to be found on the analysis I will be posting from the daily perspective .
TVC:DJI has lost yesterday almost 7 percent in one day which has probably made many people panick .This was quite expectable because the up trend that officially started the week of March 23rd wasn't sustainable which made the market weaken as it went up.That's why as soon as the white line (resistance) was hit the market fell right away .
Actually in the long term this is healthy for the market as long as no major levels are broken below .
dxyUS dollar index: possible great buy opportunity ahead,!
do not trades based on someone else idea, learn how to trade the right way, plan your trade and trade your plan !!!
Pls comment below your feedback , this will help me to help you finding great setup like this one!!!
Regards,
Ali Dib
The Chart Trader
USD INDEX MAY BULLISHUSD may getting stronger as the price currently hitting strong demand zone. As we know, NFP result was great for currency. But we cannot take this for overall USD pair.
Take fundamental analysis for trading too for other pair. But for now, the price may bear until it hit demand zone for bullish. I currently trading eurusd sell for now.
S&P500 outlookPrice found resistance and broke the uptrend line, now consolidating at 50SMA, a break lower is a sell signal.
Target 2920 area. Big support below that as the previous low could be the neckline to DT and 200SMA is slowly getting to that level.
If we go back above the red resistance it is a potential buy signal.
Let's see the sentiment for today.
Please support the idea and share your thought on S&P500!
Good Luck and Stay Healthy!
ENTRY - 2 WEEKS ONLY TO ANALYSE DX1! - US DOLLAR - DAILYThank you for your likes! Please share to benefit our community! Very appreciated!
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Historical trend tell us that at the moment the DX1! US DOLLAR INDEX FUTURE is evolving above his past long range and might return to it from next month.
The probability is increased when we see that there is a pressurized triangle shape with a strong resistance and an uptrend support which can be broken because of its angle.
Keep in mind that the market has top and bottom pic s which are still strongly in the memory of the investors.
What to do ?
- 2 weeks to analyse the market
- Prepare to enter in 2 weeks or 3 ready to make profits.
Probability:
- Higher probability to observe a market reversal trend
- Market have still chances to break the resistance line. If this case happen, wait for the uptrend to vanish to enter short. Short entry stays still more interesting.






















