Weekly Forex Outlook Sun.Jan.12.2025 - Fri.Jan.17.2025Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 trade ideas
Some Hints for investing; #DJI you not to lose your capital in the trading game. This war has only one winner and that is not you as retail traders. What causes capital growth in financial markets is the focus on investment, persistence in it and the use of compound interest. So, what I am giving you on this page will help you invest and trade in the right markets. At the same time, financial markets are full of risks. If you like gambling, the best place for you is the casino.
Three paths for DJI are shown in the chart in daily timeframe. Actually perhaps.
Long Biased Market -> Wait for CorrectionPrice is moving towards a weak low. This should be ignored and we should wait until we reach the stronger level of demand formed via double bottom + absorption pattern.
Bullish Order Flow, but we need to wait until we reach a fair value to enter this market.
US30 Will Grow! Long!
Please, check our technical outlook for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 42,645.7.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,102.7 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Analyzing Symmetrical Triangle Breakouts: A Bearish Setup for USUS30, representing the Dow Jones Industrial Average index, is currently trading at 42,500 with a target price of 41,500, indicating a bearish outlook. The price action is forming a symmetrical triangle pattern, a technical setup that reflects market indecision as it consolidates within converging trendlines. This pattern typically precedes a breakout, which could occur in either direction, though in this case, traders are anticipating a bearish breakout. A decisive move below the triangle's lower trendline would confirm the breakout, signaling a continuation of the downward trend. Once the breakout is validated, the price is expected to head toward the target of 41,500, offering a potential opportunity for short positions. Confirmation of the breakout is essential to avoid false signals, and traders should watch for strong momentum and volume supporting the move. This setup highlights the importance of monitoring key technical levels to capitalize on market movements.
Dow Jones Reactivates: What Will the Employment Data Bring?The Dow Jones index is back in the spotlight on Friday, marking the return of Wall Street after Thursday's pause for the Day of Mourning in honor of former President Jimmy Carter. The day is loaded with key data, with the U.S. jobs report being the main catalyst for the market.
Positive Opening: Moderate Recovery
The Dow Jones is up 0.25% in early trading, driven by cautious investor optimism. This advance reflects an initial favorable response to the market reopening, although the ultimate direction will depend on economic data released during the day.
Employment Report: A Decisive Factor
The main focus of the day is on the December employment report, which is expected to show the creation of 154,000 nonfarm payrolls and a steady unemployment rate at 4.2%.
• Impact on the Dow Jones:
o Better-than-expected data: If the numbers beat expectations, they could stoke fears of further rate hikes, pressuring the index lower. They could boost cyclical sectors such as financials and industrials, strengthening the index.
o Worse-than-expected data: A lower-than-expected result could reinforce the idea of a less aggressive Fed, benefiting rate-sensitive sectors such as technology and consumer discretionary.
o Disappointing data: Could generate downward pressure, especially in stocks sensitive to economic growth.
Dow Jones Technical Outlook
- Key resistance: 42,605.55 points, a level that could be reached if the data surprises to the upside.
- Immediate Support: 42,361.31 points being the second support zone at lows of 42,290.51 points, which would act as a floor in case of a weak employment report.
- Check Point (POC) / RSI: Currently around 42,506 points and the RSI at 54.16% indicating balance around the check point.
- Average crossover: Currently the long term average crossover made a bearish turn crossing the 50 average below the 100 average consolidating the fall to the low of 42,290.51 (the current strong support zone).
- Range: 42,605.55 and 42,290.51
Conclusion
The Dow Jones faces a crucial day, with the jobs report as the main driver of movement. Investors will be watching closely how the jobs data influences the economic outlook and monetary policy, which will determine the direction of the index in the near term.
Ion Jauregui - Analyst ActivTrades
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DJIA H4 | Swing-high resistance at 61.8% Fibonacci retracementDJIA (US30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 42,953.75 which is a swing-high resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 43,370.00 which is a level that sits above the 38.2% Fibonacci retracement and an overlap resistance.
Take profit is at 42,139.85 which is a multi-swing-low support.
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The Party Is EndingAnother year, another pumped and manipulated charade.
Some observers called a melt up move for 2024, instead, we got a rally of around 10%...too much weed being smoked.
The 18th of Dec witnessed a 1500 point decline, that was your big guns spitting the dummy. The first wave one down and subsequent wave two ABC up either finished or another small move up to position more shorts.
Now we sell the rallies, confidence will grow as the the December lows are smashed, the Fed is NOT in control of rates, cheap debt is not coming back.
The Fed's numbers are lies, inflation and the economy is way worse than the fudged data...now the chickens are coming home to roost.
The odds of a market crash on any given day is approximately 1000/1...basically a nothing. The true odds of a market crash or collapse in the next few months is around 65%, almost two thirds. A market condition named "Hindenburg Omen" has had multiple instances the past few weeks and months...warning of much higher than random probability of dangerous conditions in a grossly overvalued markets.
Such multiple signals occur rarely, this party is coming to the end.
Gold and silver are trading sideways, the coming upside breakout will be huge once this triangle completes.
Appreciate a thumbs up, God Bless you all and good trading!
US30Here are some daily Scenarios.
Trend is UP.
Consolidating at the bottom of the channel.
Tapped into demand zone 3 times.
Might get a manipulation in the demand zone and go higher.
Might also get a breakout from the channel, that will accumulate Short positions, but probably the breakout will fail and we'll resume the uptrend.
Potential bullish rise?Dow Jones (US30) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 42,239.75
1st Support: 41,800.58
1st Resistance: 42,858.37
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US30 Update - Continuation building? Thanks for checking out our latest update. Today, we are looking at the US30 daily chart.
After some heavy selling to end 2024, have we started to find a new point of support? If we see further confirmation price-wise with a new break higher and a new higher low, this could line up with a continuation pattern.
We have run over a few scenarios price-wise that we are watching moving forward. The key to the continuation is a hold of 42,260 support.
Will Trump taking office on the 20th have any influence? We will wait and see, but a break of support and trendline could be a warning sellers have further to go.
Happy New Year, good trading from Eightcap.
US30 in ConsolidationRecent market movements have been influenced by various factors, including economic data releases, corporate earnings reports, and geopolitical events. Notably, the index reached an all-time high of 45,091.30 on December 4, 2024.
Analysts have mixed projections for the US30 in 2025. Some forecasts suggest a potential rise to approximately 46,600 points by year-end, driven by anticipated U.S. interest rate cuts and potential economic growth.
Others are more conservative, citing concerns over inflation, monetary policy, and geopolitical tensions that could impact market performance.
Technical analysis indicates that the index has recently broken through support levels, which may signal a further decline.
However, some technical indicators, such as the Relative Strength Index (RSI), suggest neutral momentum at this time.
Given these varying factors, it's essential to monitor economic indicators, corporate earnings, and geopolitical developments closely, as they will significantly influence the US30's trajectory in the coming months.
US30: A Thrilling Ride to New Heights or a Deep Dive?Morning everyone, here's what we're looking at with the US30:
If it goes above 43,257, we could see it climb to:
-44,000
-45,000
-Maybe even hit new highs at 47,000
But if it falls below 42,000, expect:
-A drop back to 41,500-41,600
-If that support fails, it might go to 40,740
-And could further dip to 38,606
I know trading can throw some curveballs, and if you're feeling the pressure, I want to help.
I'm doing a webinar this Sunday where we'll talk about:
How to become a more sustainable and profitable trader in a way that's good for your health and happiness, not just your bank account.
If you're interested, hit me up with a message or check my profile for more info. Let's navigate these trading waters together for a more balanced approach.
Kris/ Mindbloome Exchange
Trade What You See
