Price is near to the key pivot and we see that ichimoku cloud indicator is trying to push the price up. Therefore, we can expect the price to potentially bounce from the buy entry level of 34636 in line with 61.8% fibonacci retracement and 61.8% fibonacci projection towards the take profit level of 35368 which is a previous horizontal swing high resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
I take your icimoku cloud indicator and I raise you a PowellFed rate indicator, which is distinctly bearish at the moment :) Let's watch what happens with interest ;)
poulan9
⋅
You would have lost money on this trade. This article is from a bank and they are not on your side.
zzaudd
⋅
Don’t count on it.
CryptoAndy85
⋅
The biggest bubble ever will get burst soon.
heavy_assault
⋅
@CryptoAndy85, dow is not a bubble, its the mega cap tech. yes biggest tech bubble ever, worse than dotcom.
WorldEconomics
⋅
@heavy_assault, - If you are delusional without the slightest clue on valuation, Fed moves, economy, data, trends, TA, demographics... sure, you won't see that the Dow is in a bubble. But the rest who see ALL the data know it's a massive bubble. Everything is going to get taken out.
heavy_assault
⋅
@WorldEconomics, ok, i won't argue. to me the bubble is mostly in mega cap tech, used to be most of all tech but small/mid/large cap tech bubbles have all popped in succession starting with small cap from February last year, mid cap popping in may, large cap in november. just mega cap tech left now.