Last Summer Day Trade Ideas

Last Summer Day Trade Ideas

2021-08-31 • Updated

On the last summer day, we would like to offer you to watch these significant upcoming moves.

Asian market finally enters recovery stage as Chinese (HK50) and Japanese (JP225) indexes demonstrate bit pump on Tuesday, August 31.

Let’s check the charts and set targets for this move!

HK50

4H chart

HK50H4.png

Hang Seng 50 came to the 25.880 resistance level which matches with the 100-period moving average. It looks like buyers are taking it seriously and ready to push it higher. As soon as the price breaks this resistance level, we will get two targets of 26.100 and 26.800 levels respectively.

JP225

Daily chart

JP225Daily.png

JP225 has formed a falling wedge pattern on the daily chart. The price is heading towards the 28.500 resistance level, which matches with 100 and 200-day moving averages. After the breakthrough, the price will move towards the previous high at the 30.500 level. The main support is 26.900, which is the bottom line of the wedge.

Ethereum

4H chart

ETHUSDDaily.png

Ethereum price has formed big resistance and support levels. The only way to trade this crypto asset is to wait until the battle between bulls and bears will be finished and join the winners. If the price breaks the upper line of the rising wedge, Ethereum will pump to $3550 and $3800. Otherwise, we might see a big correction to the $2850 and $2630 support levels.

US dollar index

4H chart

UsDollarH4.png

It looks like the US dollar index is not going to give up so easily. At the moment, it is consolidating around 92.5. Combining with the RSI close to the oversold area we might suggest that the pullback is coming soon. The main target of that movement is 92.77. Unfortunately, if the US dollar index breaks through the 92.5 support level it will immediately drop to the next support, which is 92.3.

  • When the US dollar index rises currency pairs with USD in the first place (USD/JPY) also go up and currency pairs with USD in the second place (AUD/USD) go down.
  • When the US dollar index drops currency pairs with USD in the first place (USD/JPY) also go down and currency pairs with USD in the second place (AUD/USD) rise.

TRADE NOW

Similar

Jingle Bulls: How Will The Santa Rally Impact Amazon And Apple?
Jingle Bulls: How Will The Santa Rally Impact Amazon And Apple?

As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.

Stock Market Rally. How Far Can It Go?
Stock Market Rally. How Far Can It Go?

Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...

Latest news

What To Trade In March
What To Trade In March

The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.

CHF: Key Zone Could Yield Strong Reactions
CHF: Key Zone Could Yield Strong Reactions

USD/CHF saw a rebound after declining for two days straight, climbing towards the important psychological level of 0.8800 during Wednesday's early Asian trading session. There's some pressure on the Swiss Franc (CHF) as traders await the Swiss ZEW Survey – Expectations report scheduled for later today. Moreover, investors are keeping...

USD Expected To Recover Some Strength
USD Expected To Recover Some Strength

In the early hours of Tuesday, the US Dollar faces challenges in maintaining its strength against major currencies, with the US Dollar Index struggling to surpass the 104.00 mark. Investors are eagerly anticipating the release of key economic data, including January Durable Goods Orders and the Conference Board's Consumer Confidence Index for February. Additionally, the economic calendar includes reports...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera