Jump to content

Probability of Nasdaq 100 and Dollar Breakdowns


Recommended Posts

The opening week of the trading year proved a significant deviation of the historical norm as the US indices took a dive – with the QQQs on the verge of a serious breakdown. For drive in the week ahead, my attention will remain with Fed rate forecasting along with the Dollar and USDJPY specifically.

 

DailyFX and IG.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, ChianLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave C May be complete and the price increase again in Wave A or I. ChianLink/ U.S. dollar(LINKUSD)Trading Strategy: It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level. ChianLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.   Elliott Wave Analysis TradingLounge H4 Chart, ChianLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave C May be complete and the price increase again in Wave A or I ChianLink/ U.S. dollar(LINKUSD)Trading Strategy: It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level. ChianLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • Would love to grab at a little lower!
×
×
  • Create New...
us