SPX500 H4 | Bearish downtrendSPX500 is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,564.57 which is a pullback resistance.
Stop loss is at 5,640.00 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 5,460.19 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Indices
Bullish bounce off pullback support?S&P500 (US500) is currently on the pivot which is a pullback support and could potentially bounce to the 1st resistance level which is also a pullback resistance.
Pivot: 5,505.68
1st Support: 5,450.16
1st Resistance: 5,578.02
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Dow Jones is approaching an important supportHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 39600 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 39600 support and resistance area.
Trade safe, Joe.
DAX (GER40) Is Still BrearishDax has taken a little different route. It has been consolidating but last week, it created a massive bearish engulfing candle. Which can push the price to the FCP zones below. If the first one fails we have an M pattern completion at the second FCP zone. Beware of a gap around 17200 level.
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Before:
Bearish on GER30 Dax, read the texts following the numeric orderThe chart itself is self explanatory.
German Dax is due for a correction and it has already created a:
1. Triple Top on the weekly time frame
2. H&S on the weekly time frame
The price is expected to retrace down to the monthly/weekly fibonacci golden zone level (0.5 to 0.618), which also coincides with a strong support (formerly resistance) area.
#DAX #GER30 #GER40
S&P 500 Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook:
The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.
DXY:Will Fed Cut Rates in September?Hey Traders,
In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600.
From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate cut might be on the horizon in September. This dovish environment could weaken the dollar further.
Stay cautious and trade safe,
Joe
Nasdaq Futures Slip as Global IT Outage Weighs on SentimentTechnical Analysis: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
Next Outlook:
Following a decline due to adverse conditions on Wall Street, the Nasdaq is expected to consolidate between 19,625 and 19,845 until a breakout occurs. The bearish trend remains in play, particularly if the price stabilizes below 19,525, potentially driving it down to 19,100. Conversely, a bullish trend may begin if the price stabilizes above 19,625, targeting 19,845.
Bullish Scenario:
Stability above 19,625, confirmed by a 4-hour candle with volume, will support a bullish trend towards 19,845.
Bearish Scenario:
The price should close a 15-minute candle below 19,625 to target 19,520. Subsequently, a 4-hour candle with a volume below 19,520 would confirm a downtrend towards 19,100.
Key Levels:
- Pivot Line: 19625
- Resistance Levels: 19845, 20085, 20385
- Support Levels: 19530, 19100, 18930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
Previous Idea:
Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
September Nasdaq 100 E-Mini futures (NQU2024) are down -0.37% this morning due to a widespread cyber outage affecting banks, airlines, and broadcasters, which has dampened investor sentiment.
On Friday, computer systems failed globally, disrupting services at airlines, banks, and the London Stock Exchange. This was attributed to the crash of a widely used cybersecurity program, compounded by separate issues reported by Microsoft with its cloud services. CrowdStrike Holdings alerted customers that its Falcon Sensor threat-monitoring product was causing crashes in Microsoft’s Windows operating system. Concurrently, Microsoft experienced disruptions in its Azure cloud and 365 services, though the exact cause of the issues remained unclear.
Potential bullish bounce?GER40 is falling towards a support level which is a pullback support. A bounce from this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit.
Entry: 18,249.40
Why we like it:
There is a pullback support level.
Stop loss: 18,064.57
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Take profit: 18,484.02
Why we like it:
There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
US100 - reached at support? holding or not??#US100 - market streight drop after breakout in yesterday and now market just near his supporting area around 19780.
keep close that supporting guys because its final supporting area for US100 and if market clear that supporting area then a new era can start below that.
keep close and dont be lazy here,
good luck
trade wisely
Dow Jones: Bearish DXY And Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40800 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 40800 support area.
We would also like to consider the current bearish bias on DXY, due to the negative correlation US30 can benefit from that.
Trade safe, Joe.
US30 / Historical Resistance Reached and New All-Time HighTechnical Analysis: Historical Resistance Reached and New All-Time High
As mentioned in the previous analysis, the price has reached the historical resistance level of 41,030, stabilized above it, and recorded a new all-time high of 41,390, continuing its run towards 42,100.
Current Outlook:
The price is expected to correct to 41,030. Stability below this level would indicate a bearish trend. However, as long as the price remains above 41,030, the bullish trend will likely continue towards 42,100, especially with the strong impact of earnings on the market.
Bullish Scenario:
Stability above 41,030 suggests a continuation of the bullish trend towards 41,400 and 41,830. There is also the possibility of a retest of the 41,030 level.
Bearish Scenario:
The bearish trend will be activated if the price stabilizes below 41,030 and closes a 4-hour candle under this level. This would confirm a bearish move towards 40,420 and 40,005.
Key Levels:
- Pivot Line: 41,030
- Resistance Levels: 41,390, 41,500, 41,830
- Support Levels: 40,750, 40,450, 40,080
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40,080 and the resistance at 41,830.
Previous Daily chart:
previous weekly chart :
DAX H4 | Pullback resistance at 50% Fibonacci retracementDAX (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 18,593.36 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 18,660.00 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 18,352.60 which is a swing-low support that aligns close to the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SPX500 H4 | Approaching pullback supportSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,586.45 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 5,530.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 5,675.99 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NASDAQ Strong Bullish MomentumHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20200 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20200 support and resistance area.
We would also like to consider the current bearish bias on stocks, due to the negative correlation NASDAQ can benefit from that.
Trade safe, Joe.
S&P500 Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5500 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5500 support and resistance area.
We would also like to consider the current bearish bias in DXY, due to the negative correlation SPX can continue pushing higher.
Trade safe, Joe.
US30 /Critical Levels & Volume Signal Potential Bullish Breakout Technical Weekly Analysis: US30 (Dow Jones Industrial Average)
A Short Outlook on the Previous Movement:
The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks. Recently, the price has been trading within a defined range, testing both support and resistance zones.
Current Outlook:
The current price of US30 is around 39,218.5, positioned near a critical pivot zone. The market is showing mixed signals, with potential for both bullish and bearish movements depending on the price action around key levels.
Bullish Scenario:
Key Trigger: A break and sustained move above 40,005.0.
Targets: The immediate target would be the yearly resistance zone at 43,040.0.
Confirmation: The breakout above 39,575, along with strong buying volume, would confirm the bullish continuation towards 40,005 and potentially higher.
Bearish Scenario:
Key Trigger: A failure to break above the pivot zone and a decline below the demand zone at 38,700.0.
Targets: The price could drop towards the strong support zone at 36,460.0, and further down to 34,430.0 if bearish momentum continues.
Confirmation: Sustained selling pressure and a close below 38,700 would confirm the bearish outlook.
Key Levels:
Pivot Line: 39,218.5
Resistance Levels: 40,005.0, 40,970.0, 43,040.0 (Yearly Resistance Zone)
Support Levels: 38,700.0 (Demand Zone), 36,460.0 (Strong Support Zone & Breakout), 34,430.0
Expecting Weekly Range Movement:
- The anticipated weekly range is between the support at 38,700.0 and the resistance at 40,970.0. A breakout in either direction would define the next significant move.
Preferred Direction:
- Given the strong historical bullish trend and the proximity to the pivot zone, the preferred direction leans towards bullish if the price can break and sustain above 40,005.0. However, caution is advised as the market could still face significant resistance.
Summary:
The US30 is currently at a critical juncture. A breakout above 40,005.0 would confirm a bullish continuation towards the yearly resistance zone at 43,040.0, while a failure to break this level and a decline below 38,700.0 would signal a bearish move towards 36,460.0 and potentially 34,430.0. Traders should closely monitor the price action around these key levels to determine the next major trend.
S&P 500 Analysis: Reversal from All-Time HighS&P 500 Analysis: Reversal from All-Time High
The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum.
Bullish Scenario:
To maintain a bullish trend, the price should stabilize above 5639, aiming for 5672 and 5688. For a sustained uptrend, the price must stabilize above 5688, potentially reaching 5750.
Bearish Scenario:
For a downtrend, the price should stabilize below 5620, targeting 5584 and 5550, especially if a 4-hour candle closes below 5620.
Key Levels:
- Pivot Line: 5620
- Resistance Levels: 5639, 5672, 5688, 5750
- Support Levels: 5584, 5550, 5525
Today's Expected Trading Range:
The expected trading range is between the resistance at 5672 and the support at 5550.
previous idea:
SPX500 H4 | Potential Bullish ReversalSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,623.61 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 5,570.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 5,675.99 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD H4 - Short SignalGBPUSD H4
We are trading very close to out 1.30 handle, this is our key area of resistance. Similarly we have DXY back down on our 104.00 support price. Our final element of support before a potential break and trend change.
On the basis of the above, I would like to see a rejection of 1.30 as indicated and annotated. With targets of around 1.28500 initially.
WallStreet Steady as Markets Await Retail Sales Data and EarningTechnical Analysis: Sustained Bullish Momentum Amid Earnings Season
Next Outlook:
The Nasdaq has reached its first resistance level at 20545 and has since reversed to its support line at 20385. It is expected to consolidate between 20385 and 20545 until a breakout occurs.
Bullish Scenario:
As long as the price remains above 20385, the targets are set at 20540 and 20725.
Bearish Scenario:
For a bearish trend to be confirmed, the price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level, targeting 20085. A break below 20085 would open the path to a bearish zone, with further targets at 19845 and 19625.
Key Levels:
- Pivot Line: 20385
- Resistance Levels: 20540, 20725, 20900
- Support Levels: 20085, 19845, 19625
Today's Expected Range:
The price is anticipated to fluctuate between the support at 20085 and the resistance at 20725.
Previous idea:
Wall Street Futures Steady Amid Awaited Retail Sales Data and Corporate Earnings
Wall Street futures remained steady on Tuesday following a strong rally in the main U.S. indexes during the previous session. The market's focus now shifts to retail sales numbers and a series of corporate earnings reports.
Attention is particularly directed towards retail sales data to gauge consumer response to persistent inflation in the United States. Economists polled by Reuters expect June retail sales to decline by 0.3% on a monthly basis. However, core retail prices are anticipated to remain unchanged.
This data will provide crucial insights into consumer behavior and economic resilience amid inflationary pressures, potentially influencing market movements and investor sentiment in the near term.