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The possibility of creating a new trend is increasing(long-term)

TVC:DXY   Valutaindex för U.S. dollar
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(DXY chart)
The question is whether DXY can move sideways below 102.034.

This is because if DXY falls below 102.034 and moves sideways, the investment market is expected to pick up.

Therefore, it is necessary to check whether it is sideways in the 97.401-102.034 section.

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(SPX500USD chart)
The next period of volatility is around July 24th.

Therefore, it is necessary to see which direction the 4419.8-4447.7 section will be heading through this period of volatility.


If it rises above 4447.7, it is expected to rise around 4588.6-4654.0.


A decline below 4419.8 would expect a decline around 4310.8-4351.1.


(1M chart)
It rose above the HA-High indicator on the 1M chart as it rose along the upward trend line at the bottom.

A rise from support on the HA-High indicator increases the likelihood of a break from the previous high.

So, the question is whether it can rise above 4588.6.


If you do not receive support at the HA-High indicator, there is a high possibility that it will fall to the vicinity of the HA-Low indicator, so you need to think about countermeasures.

Currently, the HA-Low indicator on the 1M chart is located at 909.3.

Therefore, as the SPX500 Index falls, the HA-Low indicator on the 1M chart is expected to rise and be created.

When the HA-Low indicator is touched, it is expected to create a new trend.


(1W chart)
It rose above the HA-High indicator on the 1W chart, showing a rise above the first previous peak.

We need to see if we can break the 2 previous highs in the future.

So, the question is whether it can rise above 4447.7.

If it doesn't and falls below 4351.1, you should check for support near 4116.0-4169.6.


Since a sharp rise channel has been formed, I think the important point to watch is whether it can rise along this channel or break out.

In that sense, the 4351.1-4447.7 section is an important support and resistance section.

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(NAS100USD chart)

(1M chart)
Unlike the SPX500USD chart, the NAS100USD chart is formed with the HA-Low indicator of the 1M chart rising.

Therefore, it is important to be supported and able to rise near the HA-High indicator on the 1M chart.

If not and it is resisted by the HA-High indicator, it is expected to create a new wave.

Therefore, the point to watch is whether it is rising or falling based on the 14710.6 point.


This is because the current HA-Low and HA-High indicators are for the beginning of a downward wave.


(1W chart)
As it rose above the HA-High indicator on the 1W chart, it is showing a sideways trend near the second previous peak.

Therefore, the key is whether it can show a rise above 15448.6.


Since the StochRSI indicator is trending lower, the possibility of entering the oversold zone is increasing.

If it enters and exits the oversold zone and shows support around 14328.9-14743.2, it is expected to rise above 15448.6.


(1D chart)
It is showing a steady upward trend while raising the HA-High indicator on the 1D chart.

It is currently moving sideways around the 15090.3 point of the HA-High indicator on the 1M chart.

The next period of volatility passes around July 26th and we need to see if it can rise above 15448.8 or if it falls around 14710.6.

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as a result,

1. It is important that the DXY chart stays below 102.034.

The DXY Dollar Index chart shows the correlation between the US dollar and six other currencies (EUR, JPY, GBP, CAD, SEK, CHF), so if it moves sideways in the appropriate range (97.401-102.034), the international investment market will Because it's expected to be lively.


2. If you look at the SPX500USD and NAS100USD charts, they are located in an important section (HA-High on the 1M chart).

I think the possibility of renewing a new declared price (ATH) is increasing.

However, if there is no support in this critical area, the possibility of a new downtrend is also increasing, so careful and quick judgment is needed in trading.

Therefore, it is important to check whether there is support or resistance at the point or section mentioned in the chart description of SPX500USD and NAS100USD.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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[Example of exchange chart setup]

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www.tradingview.com/x/S94aDxa8

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www.tradingview.com/x/DF6cGh3G/
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