Key Events to Monitor

WEF Annual Meetings (Jan 20–24 Whole Week)

⦁Any unexpected global economic policy announcements could impact market sentiment and cause sudden volatility.

Unemployment Claims - Jan 23 (High Impact) Previous: 217K | Forecast: 220K

⦁A lower-than-expected value may signal economic strength, likely pushing US30 higher. A higher-than-expected value could lead to a downside move.

Crude Oil Inventories Previous: 2.0m

⦁Impacts energy and manufacturing sectors. A significant deviation from forecasts may cause volatility, indirectly affecting US30.

Flash Manufacturing PMI (Forecast: 49.4) Friday, Jan 24 (High Impact)

⦁Below 50 signals contraction, which could pressure US30 lower.

Flash Services PMI (Forecast: 56.8)

⦁A strong reading here can offset manufacturing weakness, supporting bullish sentiment.

Existing Home Sales

⦁Measures consumer confidence and spending; a significant miss may lead to bearish moves.

Revised UoM Consumer Sentiment (Previous: 73.2)

⦁Strong consumer sentiment is bullish for US30.

Tips for Events and Levels Interaction

⦁During Unemployment Claims and PMIs, watch for false breakouts around key levels like 43,375 and 43,700.
⦁Pay attention to consumer sentiment data: Strong data could cause a surge to resistance; weak data might lead to sell-offs.
⦁Adjust stop-losses wider during high-impact news to avoid being stopped out by volatility.


Technical Analysis: Levels and Structure

Resistance Zones

43,250 – 43,700 (Scalping/Day trading Resistance Levels)
⦁Price faced rejection at this resistance Level 43,250 after the Break above, forming a key short-term supply area.
⦁IF its holds above, More buys to next resistance @ 43700.

44,025 – 44350 (Swing Resistance Levels)
⦁A breakout above 43,700 would likely aim for this region as the next target.

Support Zones

43,250 - 43200
⦁Immediate minor support. A break below could see a test of lower levels.

43025 -42980
⦁Stronger support region where buyers might step in.

42815 - 42775
⦁Critical support to watch if selling pressure intensifies.


Trend and Indicators
⦁Short-Term Trend: Bullish after breaking out of the downtrend line, but price now shows consolidation near resistance.
⦁RSI: Approaching overbought territory, indicating potential short-term pullbacks.
Moving Averages
⦁20 & 40 MA: Positioned bullishly, signaling continued upside momentum unless the price falls below 43,015.

Trading Scenario's

Bullish Scenario
1. If price Rejects Above 43300 - 43250 - (Current Resistance that broke)
Look for bullish reversal signals.
Entry: 43315 - 43325.
StopLoss: 43200.
Targets: 43700 and then 44025.

2. If price pull back to 43025 - 42980 and reject above.
Entry: 43015 - 43025.
StopLoss: 42900.
Target: 43325 and then 43700.


Bearish Scenario
1. If price breaks below 43325 - 43250 and reject below.(Current Support after break out)
Entry: 43250 - 43225.
StopLoss: 43325.
Target: 43025 and then 42775

2. If price Price breaks 42815 - 42775 with and reject below.
Entry: 42775 - 42750
StopLoss: 42815.
Target: 42600 and then 42450 (Supply Zone).




أغلقت الصفقة: تم الوصول للهدف
Both Bullish Scenario's was entered and reached targets
Fundamental AnalysisTechnical IndicatorsSupply and Demand

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