DXY STRUCTUREUsing correlation analysis DXY has a negative correlation with EURUSD, this is the inverse of EURUSD and we will sit on our hands and wait for this to play out before we can commit to the market, allow the market to commit to you before you commit to the market.by Dr_Trade11
NIFTYBANK: U turn Zone or the V Zone!It is near six months of upward sloping zone that the NIFTYBANK has been roaming around. For those who read our understanding, clearly this one change trend around the extremes without any warning and hence, this time may not be different. What is different is the boundary of this extreme is squeeing and hence the inevitable move this space has to carve out. U turn is the normal one V is it the Victory Zone that can push the boundaries to breach and move higher, or the Voting Day zone depending on the outcome. The double-sided arrow shows, the Three black Crow formation, this unfolded after the first and second phase of the voting, market expectation was not that euphoric, subsequent to the fourth phase markets broke and moved higher. Clearly markets may not break either side, but who knows the way the bounce unfolded in two weeks to reach near 50 K. The graph today is of the Volume Candle and that is more or less negating the large Green Candle followed by the 3 black Crows and the current up move the size of the volume candles are not significant. Caution any days is the welcome, more so ahead of the big event. Despite this caution, markets have carved higher base and that is the test one has to wait and watch. 48800-49800 is the new range to keep an eye, Selective PSU spaces, looking making one more attempt to the ATH, though not all will achieve that with the same speed. Support 49150-48970-48810-48700 Supply 49480-49620-49880by sreebhashyam1
NIFTY: Exit Countdown! Suddenly market lack cues for direction, hopes and fear remain on the table. FII huge shorts, which otherwise were powder for short covering vanish, they are reported as minor longs. No one knows for sure, what they have in mind. The broader price is the wisdom print. Couple of days more to negotiate and then there is a month expiry. Overseas were on holiday and hence no cues to start with. US GDP on Wednesday is of some importance, start of the summer usually volumes fall. Then there is election noise to surface. Intra-day volatility continues to baffle the markets participants, sight the profits book the profit remains the only mantra if any. While the price action shows previous high breach and thus the hopes, attached graphs clearly suggests this has happened before and the markets took U turn from there. No way suggestive of such an impending move in store, but caution helps one to avoid the fall if any. End of 5 waves, ideally the corrective ABC, however, within this larger diagonal range, one ideally expects just the five ways without any ABC. Supply 22980-23108-23202-23280 Support 22880-22817-22788by sreebhashyam0
Nifty Opportunity Trade range to Buy & ShortNIFTY Oppurtunity Trade Trade Range at Top & Bottom SHORTY FROM TOP & BUY FROM BOTTOM WITH Shortby SK_20210
Banknifty expected to bearish from Top Trend LineGood Oppurtunity to Short Bankinifty from Top of Trend Line & Buy from bottom of Trend Line to easily capture atleast 100 points & above Shortby SK_20210
Dollar Loses Shine as US Economy Shows Signs of CoolingThe tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first time in six weeks. Signs of a Cooling US Economy Several factors are contributing to the cooling sentiment on the dollar. Recent economic reports have indicated a potential slowdown in the US. Growth may be decelerating after a strong 2023, with factors like inflation and rising interest rates potentially impacting consumer spending and business investment. The Federal Open Market Committee (FOMC) has embarked on a series of interest rate hikes to combat inflation. While these hikes are intended to curb inflation, they can also have a dampening effect on economic activity. Businesses may be hesitant to borrow and invest, and consumers may tighten their belts as borrowing costs rise. CFTC Data Reveals Shift in Investor Positioning The CFTC data provides valuable insights into investor sentiment on the foreign exchange market. The data tracks the net long or short positions held by leveraged funds, which include hedge funds and other large speculators, and asset managers. According to the latest CFTC data, leveraged funds still held some net long positions on the dollar last week. However, this bullishness was outweighed by a significant increase in net short positions held by asset managers. This shift in positioning resulted in a combined net short position of $5.36 billion as of May 21st, compared to a net long position of $2.02 billion just a week earlier. Market Implications of the Dollar's Decline A weaker dollar can have several implications for the global economy. It can make US exports more competitive, as they become cheaper for foreign buyers. Conversely, imports into the US become more expensive. This can potentially lead to higher inflation in the US as the cost of imported goods increases. A weaker dollar can also impact other currencies. If investors lose confidence in the US economy, they may seek refuge in other safe-haven assets, such as the Japanese yen or the Swiss franc. This could lead to a strengthening of these currencies relative to the dollar. The Road Ahead: Volatility and Data Dependence Analysts expect currency positioning to remain volatile in the near term. The direction of the dollar will likely hinge on incoming US economic data. Strong economic data could reignite bullish sentiment on the dollar, while further signs of a slowdown could exacerbate the recent decline. The FOMC's monetary policy decisions will also be closely watched. If the Fed signals a more aggressive pace of rate hikes to combat inflation, the dollar could find support. However, if the Fed slows down the pace of hikes or even starts cutting rates in the future, as some analysts predict, the dollar could weaken further. Conclusion The recent decline in bullish sentiment on the dollar reflects growing concerns about the health of the US economy. The CFTC data highlights a shift in investor positioning, with a net short position emerging for the first time in six weeks. The future direction of the dollar remains uncertain and will depend on the trajectory of the US economy and the Fed's monetary policy decisions. Shortby bryandowningqln0
Have DXY gone bearish?Dxy have been going down hill in recent days, what look like a retracement now shaping up to be a continuation. I be looking for any 4 hr or 1 hr bearish fvg to trade off. That's means any US currency pair will be bullish. Shortby youngneil0
Price can easily drop to the previous weeks lowsAlthough I was bullish in the last two weeks. But by re-analyzing COT data and price action. I think it will go lower now. Which is bullish for the XXXUSD pairs. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Shortby Dave-FX-Hunter1
Not much room to grow for Nifty unless it breaks the channel. Nifty hit the channel top today and immediately receded as there is not much space left of it to grow. Either it has to break the parallel channel and go above it or it has to fall to cool down the RSI and then come and fight to make a new high. It is obvious that as we hit levels above 23K there will be bout or bouts of profit booking too. With election results around keep expecting such volatile ralles and snap rallies. Supports for Nifty on the lower side are at 22877, 22775, 22716 and 22457. Below 22457 Nifty becomes a little weak. Resistances on the upper side for Nifty are at 22999, 23053, 23110 and finally 23150. Shadow of the candles is absolutely neutral. by Happy_Candles_Investment2
AU200AUD short term RSI has turned positive.ASX200 - 24h expiry The correction lower is assessed as being complete. Short term RSI has turned positive. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7825 will confirm the bullish momentum. We look to Buy at 7775 (stop at 7735) Our profit targets will be 7875 and 7895 Resistance: 7825 / 7850 / 7875 Support: 7800 / 7775 / 7750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Longby OANDA2
Swing UpwardsThis market is getting back on it's continuous upward trend since the year 2020. Now is the best time to swing trade, invest, look for the lowest entry and continue to buy. Longby PJM1996223
S&P500 INDEX: More Growth is Coming S&P500 index recently updated the all-time high. After a violation, the previous ATH turned into support. The market retested that and positively reacted. I believe that a bullish trend will continue. The market may keep growing to 5380. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader118
Which Fed speaker moves the market the most? We have another eventful week ahead with numerous Federal Reserve officials scheduled to speak publicly. Anecdotally, I seem to recall Mester and Kashkari are two of the most impactful speakers, and this week provides an excellent opportunity to see if this holds true. Kashkari recently left The Federal Open Market Committee (FOMC), so his impact might be lessened these days though. Here is the lineup of Fed speakers for the week, in order of appearance: Tuesday: Loretta J. Mester Neel Kashkari Lisa D. Cook Wednesday: John C. Williams Dr. Raphael W. Bostic Thursday: John C. Williams (second appearance) Lorie K. Logan Friday: Dr. Raphael W. Bostic (second appearance) Their speeches might offer valuable insights into the Fed's future actions and the overall economic outlook. It seems that these speeches can occasionally be more impactful than major Fed decision days. It's almost as if the market perceives these talks as a glimpse behind the curtain, potentially providing an insider perspective that may be less tightly controlled than those of Fed Chair Jerome Powell. by BlackBull_Markets1
CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!🎯Trade Update: US30 We have some great news on our recent US30 trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s.by TTradessss7
BANK NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 49480 SL - 49290 TARGETS - 49670,49850,50000 SELL BELOW - 49290 SL - 49480 TARGETS - 49050,48800,48620 NO TRADE ZONE - 49050 to 49670 Previous Day High - 49670 Previous Day Low - 49050 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP15
NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 22960 SL - 22910 TARGETS - 23020,23100,23180 SELL BELOW - 22910 SL - 22960 TARGETS - 22850,22780,22780 NO TRADE ZONE - 22910 to 22960 Previous Day High - 23100 Previous Day Low - 22910 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP10
US 10-Year Yields: The Domino Effect on Global MarketsHey traders! 🌟 Let's dive into the fascinating world of the US 10-year Treasury yields and their ripple effects across the financial markets. Buckle up! 🚀 The Bond-Yield Symphony 🎻 US 10-year yields are like the heartbeat of the financial markets. 💓 When they move, everything else follows. Here's a quick rundown on how these mighty yields impact commodities, stocks, and the United States dollar: Commodities 🛢️💰: Higher yields often lead to a stronger dollar, making commodities priced in USD more expensive for foreign buyers. This usually puts downward pressure on commodity prices. Stocks 📈💼: Rising yields can spell trouble for stocks, especially high-growth tech stocks. Why? Higher yields mean higher borrowing costs and potentially lower profits. Investors might shift from equities to bonds, seeking safer returns. United States Dollar 💵📊: When US yields climb, the dollar tends to strengthen. Investors flock to the higher returns offered by US assets, boosting demand for the greenback. What Rising Yields Mean 📈🔥 We’ve got some interesting levels on our radar. Demand is spotted between 4.032% and 4.233%, while supply looms large at 5.115% to 5.306%. With expectations pointing towards more rising yields, let's break down what this could mean: Commodities 🛢️💔: Brace for potential downside. As yields rise, the stronger dollar could weigh heavily on commodities like gold, oil, and silver. Watch for key support levels to gauge buying opportunities. Stocks 📉🚨: High-flying growth stocks might feel the pinch as investors rotate into safer, yield-bearing assets. Look out for increased volatility in the stock markets, especially in tech-heavy indices like the NASDAQ. United States Dollar 💵🚀: The USD could see a significant boost, attracting global capital. A strong dollar might also impact US exports, making them more expensive on the international market. The Fun Part: Chart Watching! 📊🔍 We’re keeping a close eye on those critical levels. If yields push through the 5.115% to 5.306% supply zone, we could be in for a wild ride. 📉 Conversely, if yields find support within the 4.032% to 4.233% demand zone and we see a bullish reversal on the daily chart, a rally up to the supply zone could be on the cards. 📈 In essence, buying at demand and selling at supply remains a classic strategy. Should bond yields enter the demand zone and reverse back bullishly, we might witness a significant run up to the supply levels. 🚀 Keep those charts handy, and let’s ride these waves together! 🌊📈 Happy trading, and may the pips be ever in your favor! 🤑✨ #Trading #Finance #Investing #US10YearYields #Commodities #Stocks #USD #MarketTrends #TechnicalAnalysis #Bonds #Yields #InvestSmartLongby Mike_SnD0
I stay BULLI still think we first need to hit 1900 first before any long retracementLongby MthobisiNtseleUpdated 113
BANKNIFTY Trading Plan and Levels for 28-May-2024 After meeting the target of 48333, BANKNIFTY traded up to 49667, sustaining that level for a considerable time. However, profit booking towards the end of the session led to a close below the day's target of 49333, establishing a fresh resistance at 49634. Here's the trading plan for Tuesday: Gap Up Opening Scenario: If BANKNIFTY opens above 49450 and sustains. Expectations: Prices may face rejection near 49552 and drop back for a swing correction. Downside Targets: 49000 – 48958 and 48824. Upside Potential: If prices sustain above 49552 and break 49634, expect a sharp move towards 49994 – 50000 – 50150. Flat Opening Scenario: If BANKNIFTY opens flat. Expectations: Initial movement towards 49372 – 49426, facing potential rejection. Downside Targets: A drop back to 49000 – 48824, from where a recovery can be expected. Gap Down Opening Scenario: If BANKNIFTY opens below 49000. Expectations: Initial recovery to 49336 and 49426. Risk: If prices fail to find support and trade below 48900, expect further downside to 48826, followed by muted direction. Conclusion: The anticipated trading pattern involves a possible initial drop for a correction followed by a recovery. Traders should watch for key levels to confirm the trading direction and manage their positions accordingly. Disclaimer: This analysis is based on technical indicators and past market performance. Market conditions are subject to change, and traders should use this information as part of a broader risk management strategy.by LiveTradingBox117
NIFTY Trading Plan and Levels for 28-May-2024 On Monday, NIFTY showed a recovery from its initial dip, sustaining above 23059 for some time. However, it experienced a drop before reaching our target of 23142 and managed to hold the lower band of the profit booking zone at 22915 in the last hour. For Tuesday, we anticipate a continuation of the correction structure followed by a recovery. Let's discuss various opening scenarios and the associated levels: Gap Up Opening Scenario: If NIFTY opens above 23000 and sustains above 23075 for the first trading hour. Expectations: Prices can trend towards 23139 – 23175. Risk: If prices fail to sustain and start trading below 22980, a follow-on correction is likely. Downside Targets: 22890 – 22800 and 22794. Flat Opening Scenario: If NIFTY opens flat and faces rejection near 23000. Expectations: A follow-up drop towards the correction target of 22890 – 22800 – 22794. Buying Opportunity: Only if prices sustain above 23075 without breaking the previous session's low. Gap Down Opening Scenario: If NIFTY opens below 22890 and faces rejection near 22890 – 22900. Expectations: Initial downside targets are 22800 – 22794, followed by a potential bounce. Risk: If prices fail to sustain at 22790, further downside to 22688 is possible. Conclusion: The expected trading pattern suggests an initial follow-up drop to complete the correction structure, followed by a recovery. Traders should monitor the key levels for confirmation and manage risk accordingly. Disclaimer: This analysis is based on technical patterns and market behavior. Market conditions can change rapidly, and traders should use this information in conjunction with other analyses and risk management practices. Shortby LiveTradingBox116
US30 flying alreadyFirst idea played out within seconds. Timeframe TopDown Analysis on H1. If you miss the floor take zone to zone. 150 pip Stop Loss on less volatile days, like today. BOS M15 is your confirmation. Be careful at reversal points from sellers...DLongby Underlayer0
DJ30 breaking into new zone.Take the first pullback, stay in Entry Zone, and save BE after Exit 1. Unfortunately, my latest ideas from Saturday were not published.. They all reached at least Exit 1. But I will repost my Top Down Analysis and share the eBook I was working on very soon (!), so you can jump right in. It's ok if you just want to watch for now, I am testing this channel to go public. Stay tuned :) I might share another idea today.DLongby Underlayer0