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Weeklyanalysis

GBPUSD - Weekly Analysis - H1 - Bullish Continuation TrendGBPUSD - Weekly Analysis - H1 - Bullish Continuation Trend We have a bullish Trend on the H4 & H1 chart and price have made a bullish breakout above 1.2600. Until this level is not broken we will be looking for long entries until we have a solid Bearish reverse signal. To consider entering long, only when we have a bullish breakout above the 0.236 Fibonacci Level and price makes a pullback and this level hold as Support then we can enter Long. Our First target will be the 0.786 Fibonacci Extension Level and Second target the 1.272 Fiboacci Extension Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 1.2687 | Stoploss: 1.2662 | Takeprofit1: 1.2747 | Takeprofit2: 1.2800 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Long
by Sami_Derti
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 25250 before to enter Long. Our first target will be the 1.618 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 25250.00 | Stoploss: 25100.00 | Takeprofit1: 26100.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:US30USDLong
by Sami_Derti
Was This A Giant Pullback Or Bullish Momentum?Will the lower low stay intact or will the USD take over and make this pair keep dropping? If the USD takes over, it'll have to break the trendline to confirm the bearish momentum is still intact. So if we return to the trendline, this is what I'll be looking for: a continued drop to the monthly 1.18937 zone. BULL TPS: • 1.24148 • 1.25035 • 1.26229 BEAR TPS: • 1.23033 • 1.22306 • 1.21150 • 1.19224 (this is a stretch TP)
by NikaJourney
1
Have The Bulls Taken Back Over...Completely?Last week, Gold broke the overall downtrend to begin another bull run. So now we gotta see will this bull trend Continue back up to the weekly zone around 1757.72 area. I'm actually wondering if we can break that zone if we make it back up there. Right now, I wanna see if we will retest at the daily 1722.97 zone for continuation, or will take another plunge. So we are trendline trading this week again ladies and gentlemen. Let's enjoy the ride. BULL TPS: • 1733.84 • 1754.14 • 1779.64 BEAR TPS: • 1722.97 • 1701.69 • 1686.70
FX:XAUUSD
by NikaJourney
1
What Goes Up May Be Getting Ready To Come DownIf you have a little patience with this pair, it's actually forming still forming the W second leg. The bonus? When it's done, we will have a possible bearish harmonic setup for the short. The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone. As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone. It should be an interesting trade this week. BULL TPS: • 1.53790 • 1.54582 • 1.56354 BEAR TPS: • 1.51820 • 1.49809 • 1.49015
by NikaJourney
Week in a glance: negative oil prices and sad stat dataThe main event of the past week, without a doubt, was the epic failure in the oil market on Monday and the drop of May oil futures quotes into a deeply negative zone (up to - $ 50 per barrel). We wrote about the reasons for this in our reviews. The bloodbath continued on Tuesday when the world's largest oil futures ETF fund decided to reposition itself from June futures contracts into longer terms contracts. These events spread panic not only in the oil market, but also in the financial markets in general. At the same time, our confidence in the medium-term oil purchases is still here. Given that both crashes on Monday and Tuesday were related to technical issues, our global argument did not suffer from them. It is difficult to worsen the current fundamental background for oil. But it is to improve it. So we stay in buy position. After the shock in the oil market subsided somewhat, economic data came to the fore. Which turned out to be worse than the most pessimistic forecasts. Indices of business activity in the Eurozone, the UK and the US came out just disgusting. As well as jobless claims figures in the United States (+ another 4.4 million). In this regard, we definitely keep on recommend to sell in the US and EU stock markets. An additional motivation for sales is the potential second wave of the pandemic, which, apparently, even without partial removal of restrictions, begins in Germany and Spain. In any case, a sharp jump in disease after weeks of declining is a very bad signal. After retail sales in the UK demonstrate record drop in the entire history of observations, we recommend to sell the pound not only in the EURGBP pair, but also in the GBPUSD pair. That is, this week we buy EURGBP and sell GBPUSD. EURUSD sales also seem like a good idea in light of extremely weak data on the Eurozone and Germany in particular. Bank of Russia cut the rate by 0.5% on Friday. The event, although expected, is definitely negative for the Russian ruble. And the fact that it has not yet dropped does not cancel its inner weakness and general doom to decline. So this week we will actively buy USDRUB. With the worst outcome, this will be a good hedge for our oil purchases. In 2020, the correlation coefficient between the Russian ruble and oil is 0.98, that is, with a probability of 98% a decrease in oil prices will provoke a decrease in the ruble. The upcoming week does not promise to be simple. The publication of US GDP for the first quarter, meetings of key global central banks (the Fed, the ECB and the Bank of Japan), as well as a bunch of other macroeconomic statistics guarantee a surge in volatility.
Short
by Trade24Fx
2