Bearish reversal?NAS100 is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 18,747.67
Why we like it:
A pullback resistance level aligns with the 61.8% Fibonacci retracement.
Stop loss: 19,237.14
Why we kike it:
A pullback resistance level lines up with the 88% Fibonacci retracement.
Take profit: 17,953.85
Why we like it:
There is a pullback support level which aligns with the 61.8% 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.
Indices
Potential bullish rise?DAX40 has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 17,627.71
Why we like it:
There is a pullback support level.
Stop loss: 17,347.26
Why we like it:
There is a pullback support level.
Take profit: 17,964.37
Why we like it:
A pullback resistance level aligns with the 61.8% 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.
US30 ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) ( 1D )US30
HELLO TRADERS
U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Telecoms sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.13% .
currently price inside two turning level in way , breaking each side determine our direction , thus breaking turning level (1) it is mean active up trading ,if the price breaking turning level (2) by close 1d candle or 4h candle below it , indicates to reach support level .
Tendency, the price inside sensitive are between two turning level around 40,031 and 38,509
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 40,031 , to confirm up trading , the price will be breaking turning level (1) to reach resistance zone around 40,990 and 42,268 .
Downward Zone: by breaking turning level (2) at 38,509 , the price should be trying to reach support level (1) 37,550 , after stabilizing below this level could further support to reach of as next level at 36,235 .
TARGET LEVEL :
RESISTANCE LEVEL : 40,990 , 42,268 .
SUPPORT LEVEL : 37,550 , 36,235 .
S&P 500 Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook:
The S&P 500 Index displayed severe downward movement during the current week's trading session as we blasted through Key Sup 5238 and completed our long-time flagged target, Inner Index Dip 5131. The resilient rebound occurs, and the current market price action rests at Mean Res 5345. The likelihood of interim downward pressure toward the Mean Support at 5280 exists before the index resumes its upward trajectory. However, the prevailing price action suggests a sustained uptrend toward the Inner Interim Index Rally 5443, possibly extending to Mean Res 5525. However, these attained targets are likely to exert downward pressure.
Heading into 61.8% Fibonacci resistance?US100 is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 18,747.67
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 19,237.14
Why we like it:
There is a pullback resistance level which lines up with the 88% Fibonacci retracement.
Take profit: 17,758.38
Why we like it:
There is a pullback support level.
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.
Nasdaq finds support from 200 MA - for nowFinancial markets are significantly more stable today. Major indices have rebounded, with all posting gains, especially the Japanese Nikkei, thanks to reassuring remarks from the Deputy Governor of the Bank of Japan yesterday. This optimism has spread across global equity markets, Bitcoin, and metal prices. Furthermore, better-than-anticipated US jobless claims data has eased concerns about a potential economic slowdown in the US. This comes on the heels of a strong ISM services PMI report on Monday, which has offset some of the weaker economic signals from last week.
The Nasdaq 100 has for now stabilised around its 200-day average. But we need to see some more bullish price action to provide a stronger bullish signal. For example, a move above the 18,460 - 18,700 area could further reduce the bears' control. However, if instead the 200 MA breaks on a closing basis, then that could pave the way for fresh selling activity. So we are not out of the woods yet, but today's price action has certainly been constructive if it can be sustained into the close.
By Fawad Razaqzada, market analyst at FOREX.com
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30
HELLO TRADERS
Tendency, the price is under down ward pressure, until trade below 40,025 .
Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 .
Corrective level :Price may make a correction before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 .
SUPPORT LEVEL : 39,071 , 38,099 .
NAS100 H1 | Falling to pullback supportNAS100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 17,441.70 which is a pullback support.
Stop loss is at 17,100.00 which is a level that lies underneath a pullback support.
Take profit is at 18,427.26 which is a pullback resistance that aligns with the 50.0% 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.
ASX 200 hints at Turnaround TuesdayStock markets took quite the beating on Monday on fears of a US recession, and speculation that the Fed may be forced to cut rates as soon as next week. A stronger-than-expected ISM services report slowed the bleeding before Wall Street indices recouped some of their pre-session losses. Nikkei futures have since risen 10% from Monday's low, which could bode well for the ASX 200.
SPI 200 futures saw a false break of the April low and held above the Feb low. A bullish divergence has formed on the 1-hour chart and prices are trying to hold above the weekly S3 pivot. Dips towards 7500 could appeal to countertrend trend for a move up towards 7700.
ASX 200 futures hints at another leg higherThe sharp fall from its record high remains the dominant feature on the daily ASX 200 futures chart. Whilst this is likely to suppress appetite for risk for some time, Tuesday's bullish hammer suggests bears are in need of a break.
The false break of the April low has been followed by a higher low and higher high on the 1-hour chart. Prices are now trying to form another higher low, so dips look appealing for bullish setups down to 7555.
7700 is the next upside target near the 38.2% Fibonacci ratio, although there is also a resistance cluster between 7767 to 7794 which also seems reachable. Whether it can extend such a move really depends on appetite for risk elsewhere.
Bearish drop?NAS100 has rejected off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially drop to our take profit.
Entry: 18,292.33
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 18,736.57
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 17,445.52
Why we like it:
There is a pullback support level.
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.
NASDAQ Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 17500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 17500 support and resistance area.
Trade safe, Joe.
SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )SPX500USD
HELLO TRADERS
Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .
Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .
Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 5,344 , 5,411 .
SUPPORT LEVEL : 5,206 , 5,124 .
NAS100USD ( INSIDE DESCINDING CHANNEL ) ( 4H) NAS100USD
HELLO TRADERS
in recent days , prices have fallen sharply , with the issuance of shares of several companies and losses .
Tendency, the price is under bullish pressure , until the price trading above turning level at 18,244 .
RESISTANCE ZONE : in order to see an increase , as long as trading and stabilizing above turning level at 18,244 , to support rising to reach of a resistance level (1) at 18,698 , to confirm a rising trading , price should be closing 1h or 4h candle above resistance level (1) to reach a resistance level (2) at 19,112 , this two level called resistance zone , there have been many sales in this zone before , may be the price reserve descending channel before rising .
SUPPORT ZONE : should the price reserve and breaking turning level , indicates dropping to support level (1) around 17,435 , to confirm downward , the price it will be breaking 17,435 , by closing 4h candle below it to reach support level (2) at 17,047 , to reach support level (3) at 16,232 , the price should be stabilizing below 17,047 , there have been many buying in this zone before .
Corrective level :Price may make a correction at 18,244 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 18,698 ,19,112 , 19,546 .
SUPPORT LEVEL : 17,435 , 17,047 , 16,232 .
SPX500 H4 | Bullish retracement to continue?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,214.93 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,080.00 which is a level that lies underneath a pullback support.
Take profit is at 5,403.46 which is a pullback resistance that sits above the 61.8% 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.
S&P500 Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
Trade safe, Joe.
NAS100USD ( BREAKOUT DESCINDING & ASCENDING CHANNEL ) ( 4H )NAS100USD
Tendency , the price is under bearish pressure , until trading below 18,244 .
TURNING LEVEL : the price of this level at 18,244 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE LEVEL (1) : this level around 18,698 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 19,112 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 17,435, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 17,047 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE : the price corrective at 18,244 , before dropping .
PRICE MOVEMENT : currently price 18.037 , my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,244 , it will be trying to reach support level (1) , then breaking by open 4h or 1h candle below this level , indicates to reach a support level (1) , if the price breaking turning level by open 4h or 1h candle easily to reach of resistance level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 18,698 , 19,112 .
SUPPORT LEVEL :17,435 ,18,239 .
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades
Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets.
Current Outlook:
The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement.
Bullish Scenario:
- Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510.
Bearish Scenario:
- A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800.
Key Levels:
- Pivot Line: 38,770
- Resistance Levels: 39,130, 39,350, 39,550
- Support Levels: 38,450, 38,100, 37,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
DXY: Recessionary Environment And Potential UpsidesHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 102.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.200 support and resistance area.
Trade safe, Joe.
Bearish reversal?NAS100 is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 18,292.33
Why we like it:
There is a pullback resistance level which is slightly above the 38.2% Fibonacci retracement.
Stop loss: 18,736.57
Why we like it:
There is a pullback resistance that aligns with the 61.88% Fibonacci retracement.
Take profit: 17,445.52
Why we like it:
There is a pullback support.
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.
NAS100USD ( FALLING 600 POINT AND BREAKOUT TWO CHANNEL ) (4H) NAS100USD
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below 17,806 .
Upward zone : In order to see an increase, the price needs to break the turning level at 17,806 , to reach resistance levels (1) around 18,694 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 19,536 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 17,320, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 16,996 .
Corrective level :Price may make a correction at 17,806 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 18,694 , 19,536 .
SUPPORT LEVEL : 17,320 , 16,996 .