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Weeklymarketsanalysis

0207 USOIL Wkly PlanHello traders, USOIL might not follow us to test new low next week. But at least we got part of that right, it made a support by reaching 104-105. On weekly right chart, I would see a possible ABC "Z" pattern is ongoing. Price could reack wkly resistance zone agian. On 6h left chart, ABC wave on this timeframe chart is ongoing. It could reack fibo 1.27 117.22 first . So for next week, I would say a new swing up first, then think about how it will run before reaching wkly resistance zone. When it up there, think about how it will breakout after. GOOD LUCK !!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
0207 GOLD Wkly pLan new chance to sell later?Hello traders, Lets have a quick review on GOLD for last week. Gold continue down to reack last low to finish a ABC wave on 4h chart. And it rallied up on the 1st day of July. It could go back to 1828 before making a new swing down. On wkly chart, I would prefer to see sideways price action before making a new leg down. So from next Tuesday, you should follow how far the swing from 1789 can go up to, and check selling signal again from there to follow a sidways price action for GOLD. GOOD LUCK!!! LESS IS MORE!
FOREXCOM:XAUUSDShort
by FUNTRADER-Vera
0207 GBPJPY wkly plan sidways bfore new highHello traders, GBPJPY made a good trade for us last week with Reward to risk rate higher than 4. 2906 GBPJPY broken channel for sellers with RR>4 Just a simple broken channel strategy. Now taking back wkly chart to review, this pair's price action just a simple sideways movement above wkly EMAS. It would finish sideways on wkly chart soon to make a wkly breakout to new high, up to 173.30. The big pic ABC wave (orange) on wkly chart and the purple ABC wave on 4H chart are different. They provide different idea to trade. On wkly chart, you should wait for a breakout signal to follow buy. On 4H chart, you can buy when price pull down to make a correction, and target resistance zone . After breaking the resistance zone , you can follow the idea on wkly breakout strategy to trade. So your trading timeframe will define your trading timing. Anyway, I would prefer to buy this pair next week and make 4H plan first. Good luck!!! LESS IS MORE!
Long
by FUNTRADER-Vera
1
⭐️GOLD: forecast for Jun 27 -Jul 1News background: G7 embargo to ban Russian gold imports On June 26, US President Joe Biden announced that the G7 countries (USA, UK, Germany, Canada, France, Italy and Japan) would impose a ban on the import of Russian gold. According to US Secretary of State Anthony Blinken, the refusal of the G7 countries to import gold from Russia will deprive it of about $19 billion. The EU has said it is ready to consider joining the G7 in a ban on Russian gold imports. The head of the European Council, Charles Michel, stressed that the restrictions should be studied for damage to the EU economy. This news background is expected to slightly support metal prices, but one should not expect strong growth due to such sanctions. With or without this news, precious metals are expected to rise in the medium range. Technical Analysis: BUY-priority The price of the instrument is in a large corridor of 1810$ - 1875$ . Gold is more tended to grow, however, at the beginning of the week, a rollback down to around 1820$ should be expected. Apparently, the mood of buyers will increase, but in the event of a rollback to 1810$ and a "long pause" for at this level, such a scenario would result in a drop below 1800$ . For further growth (priority scenario), buyers need to overcome the level of 1855$ , which acts as a small obstacle on the way to 1875$ . Upside potential is now limited by the level of 1900$ . 🔥 GOLD Forecast Results 🔥 ⭐️GOLD: forecast for May 30-Jun 3 👉 +1900 points ✅: ⭐️GOLD: forecast for Jun 6-Jun 10 👉 +2900 points ✅: ⭐️GOLD: forecast for Jun 20-Jun 24 👉 +1800 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
OANDA:XAUUSDLong
by TradePlus-Fx
6
YING AND YANG Concept The DXY is a Sniper's ISR (RSI in REVERSE) We know that makes the yang most US BASE PAIRS. Therefore we leverage this objective wisdom in the markets as we formulate strategies and formulas to trap price and ride the TREND$ into the promise land of PIP$. These pip$ are only reserved for Snipers and BIG MONEY. So the narrative for this set up is when yang goes short YING goes long. All of the parameters have been set. Price is FALLING INTO OUR SET UP not VICE VERSA ... looking for the trade or chasing the trade* The key is patience and TRUSTING your OBJECTIVE set ups. Price will fall into your trap. When you see your opportunity confidently snipe the trade. Our threshold strategy will always protect our trading accounts. Thus giving us a very small risk ratio compared to the 337 pip Weekly Range Reward. This is the Weekly TF so this is a HOLD until price reaches your profit level. Only you know what you want to extract from the market any given day or trading session. Never over leverage. Trust your trade set up. Have Fun. I AM:PRO TRADING MADE SIMPLE Have a Great Week of Profits SNIPERS! PREPARE TO SNIPE!!!!!!!!!!!!!!!!!!!!!!!!!
by Master-Jedi-Trader
Possiblity For A New Lower Low. BULL: • 110.315 • 114.740 • 119.304 BEAR: • 101.326 • 95.518 • 89.848 I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer. The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
FX:USOILShort
by NikaJourney
1
#SPX - Market Analysis#SPX - After seeing over a week of consolidation we finally broke out to the downside. Selling continuation fueled by bad CPI Data on Friday saw us quickly drop back to our 3900 Target. For this week if we can not hold above 3900 we can see continued downside. Under 3900 we should see 3877, 3853, 3817 areas next before a 3800 test. We will have Feds this week as our major catalyst on Wednesday. I wouldn't consider the upside until SPX can reclaim 3975. #weeklymarketanalysis #watchlist #spx500
SP:SPXShort
by MoneyFlow_Options_Community
Weekly NIFTY Outlook From 06th June to 10th June 2022After struggling to cross 50 EMA resistance Nifty on Friday crossed it finally and the momentum helped it to cross 200 days EMA too. But the joy was short lived and 200 days pushed NIFTY downwards so hard that end of Friday the indices where reeling under both 200 and 50 EMA as you can see in the chart. Now NIFTY will look to find a support again. Only after finding a proper support, Nifty will rise again and try to conquer both 50 and 200 EMA Resistances which are close to one another and a formidable resistance to conquer. The Support Zones: 16531, 16442, 16228, 16086, 15904 (Very strong support) and finally 15756. Below 15756 bears will have full control of the market. The Resistance Zones: 16674, 16746 (Very strong resistance), 16793 and finally 16951. Above 167953 we can see the rally consolidate towards 17300 levels.
NSE:NIFTY
by Happy_Candles_Investment
XRP it's moving to this crash to $0.24 centsIn this quickly analysis. I'm shorting XRP right now and I see that the price it's make a descending the price in these days that we have it. So, I use the Astroforex, similar that I use in Forex Daily analysis and work better to identify entries in the trend. Also to share, in weekly timeframe we keep bearish in this trend and I'm bearish in XRP I'm shorting XRP until $0.24 cents. And I keep the SL to 40.46 cents. Good luck if you're going to short XRP!!!
BITSTAMP:XRPUSDShort
by harisonhbn9718
2
SPY Channels in your Weekly Game Plan$SPY bottomed on FOMC week and established the immediate trend's lower channel. The bounce off the lows moved SPY to the upper channel & a continuation wedge formation (stair-stepping downward). Friday's bottom wick attacked the intermediate trend that was established near the Jan lows. We have an "impingement" upcoming in the SPY Wedge Formation this week...does the larger, intermediate channel dominate the April/May channel? If so, expect a move back over 395 and possibly a run at the 405 level which is the 20DMA & the weekly low set on May 1st. If the move up towards 395 fails, expect the intermediate channel to be re-tested (should be under 380 by then) and then continue the Wedge Formation down towards the 374 area which might spark high volume selling and take SPY under 370. Dotted horizontal lines are key weekly lows since February and placed for your visual reference of potential Profit Taker areas. Key SPY levels for the upcoming 2 weeks: 360/ 368 / 374 / 377 / 380 / 385.15 / 405 / 411 / 420
AMEX:SPY
by VeteranWS
2
XRP could to hit $0.24 cents in shortly periodIn this Daily analysis, I will share my thoughts about my perspective in this cryptocurrency. I see a bearish movement that XRP could to hit $0.24 cents soon. And also, analyzing the 3 Daily chart, still bearish in this way And to share in this weekly timeframe, have 2 possible perspective to watch. 1) XRP could to reach $0.22 cents. In that point, I thinking to buy amount of XRP to make trading in my broker and get 200% yearly to accumulate XRP by long term. For that, I'm interested in XRP. 2) XRP could to go to low like $0.14 cents. In that point, it's a good opportunity to accumulate it. Also, I will share you more later a good plan to setup if you want to accumulate XRP as I want to do it just find up 200% yearly ROI in the compound interest year to year. I hope that this idea support you!!!
BITSTAMP:XRPUSDLong
by harisonhbn9718
1
Litecoin it's in the bear marketIn this overview, Litecoin it's in the bear market and we see that this cryptocurrency it's leading to the previosuly minimum historical price on 2020 and part of them see on 2018 and 2019. So, in this weekly timeframe, Litecoin forming a bearish descending triangle and retest of this chartist pattern indicating a bearish trend. And now, in the monthly timeframe it's extremely bearish in Litecoin and the trend it's very clearly that this cryptocurrency it's dominate by bears in this market.
COINBASE:LTCUSDShort
by harisonhbn9718
5
ADA/USD: UpdateAs Cardano price crash during these days. I get over 178% in profit. A huge earns just shorting Cardano in my broker. Now to update, I keep in short position with the same target profit at $0.40 cents as my broker doesn't take my profit for just 2 cents of difference. So, in H4 it's look bearish and to update here, I put a break even to cut loss in my entry price that was around $0.66 cents. To remain, Cardano it's almost to get this target profit of $0.40 cents as we see a good perspective that my analysis was correct in what I have this perspective to shorting ADA Good luck!!!
BINANCE:ADAUSDShort
by harisonhbn9718
3