AUDUSD Weekly ForcastThis week I see AUDUSD rising at least to the upper side of the daily channel.
We had a nice stong bounce and momentium seems to be on our side. We also had divergence on the last leg down to confirm the weakness in the bears.
My idea will be invalidated if price breaks below the weekly support and continues lower
Weeklymarketsanalysis
USD/CHF multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
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This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Weekly Watchlist 22 August [Stock]In this video, I break down my stock watchlist for this week. I think that markets look a little shaky but there are definitely still some good setups to watch. If you found this helpful, please like and follow :) Also please note that this is not financial advice in any way. Good Luck!
My Watchlist:
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XRP it's leading to $3.62 USD soonMy weekly perspective!!!
It's beautiful.
As today I sold my 10,087 XRP for Cardano coins and I hold 13,867 ADA coins + 1,788 ADA in profit in my trading app. So, I thinking one thing now!!! XRP explosion will be so volatile. And this way, this could to put XRP so fast to reach the $3.62 USD inminent!!! If XRP it's the next cryptocurrency to pumping!!! Now, XRP will leading to the bull market. Now, another data that we would to know it's the XRP Dominance & XRP Market Cap. Because they are exploding now!!! The only what I thinking it's to sell all my Cardano to get XRP for this smart exit strategy!!! But, now, I will going to analyze it very well, becuase Cardano it's pumping too.
If Silver Closes the Weekly below 22.6 Then This Will Rise.Silver is looking to Bearishly close the weekly below $22.6 and if it does then i will be buying call options expiring in a few months for this inverse ETF of Silver.
However if silver can get a bullish weekly HA candle Close above $22.6 then i will look to trade silver bullishly.
For now i have only lightly gone into the bearish trade for silver but will get in more if i get candle close confirmation below $22.6.
bitcoin looks too bullish, weekly closed above the 21 weekly MA✓#BTC (weekly Update)
4th in a Row Weekly Green Candle Closed ✅
Weekly Candle Closed Above 50% Fib & 45k Resistance turned into Support to
Give momentum to going Bitcoin to 55k ✍️
may be bitcoin get pullback to 21 MA in weekly bases but overall bulls are here to full in control to take btc another ATH
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Weekly Markets Analysis GBPUSD,EURUSD,USDJPY and NZDUSDIn this week analysis, I looked at the index and we have the following weekly ranking:
Dollar Index: Negative
Euro Index: Positive
Australian: Neutral
Canadian Negative
British Pound: Positive
Japanese yen: Positive
Swiss: Negative
This analysis allows us to have the following pairings:
BUY PAIRS: EURUSD, EURCAD, GBPUSD, GBPCAD, NZDUSD, GBPCHF
SELL PAIRS: USDJPY, CADJPY
--------------------------------------
I will be analyzing these pairs during the week as things start to develop.
Have a blessed trading week.
Ethereum may to reach these prices leve in mid-termThis it's just my weekly perspective in Ethereum. I'm super-bullish on Ethereum. Maybe, I can to consider this analysis for my plan on Cardano or XRP. One of these prices, I will deciding to sell my Ethereum to another altcoin to invest like Cardano, XRP, and also, I will going to put in my eyes in another cryptocurrency that could to have a big potentail that it's Chainlink, because Chainlink it's showing us an interesting movement to invest in this altcoin.
Now, I look these perspectives:
1. Ethereum may to reach the mark of $5,500 USD aprox. in the -0.273% FIBO
2. Ethereum may to reach the mark near of $7,000 USD aproxi. in the -0.618%
I'm super bullish in Ethereum!!!
Weekly Watchlist! 8/2 - 8/6Here are the stocks we are watching for this week!
NASDAQ:AMZN
Looking for a relief bounce on AMZN here off of trend resistance, watching for a break of $3370
NASDAQ:AMAT
Nice accumulation forming here on AMAT under resistance, looking primed for a test of all time highs soon. On this we are looking for a a break of the $142 level
NYSE:CAT
Nice hammer candle right off the 200sma. Sentiment into this week should be good with the expected passing of the Infrastructure bill. Looking for a move over $209
NYSE:KSS
Picture perfect falling wedge forming here on KSS, expect some more bullish moves as the economy opens up further and heading into the holiday months ahead. Looking for a move over $52
NASDAQ:TSLA
Great break and hold of trend resistance last week. Will look for continuation with a break of the $700 level
ES Weekly Analysis (Buy with Caution)The current market conditions is giving me cause to pause as it relates to putting in buy orders. To me it seems as if the market is poised for a steep correction over the next week or so. My current thesis is based on the fact that the ES-Mini for the better part of this week was priced well above the weekly 3 ATR. What was particularly alarming for me was that nearly every time we have that type of run to those prices we've seen a steep pull back in the coming weeks. Currently I have a "No Buy Zone" of any contracts priced above 4400 all the way up to 4504 (also want to note that for the better part of this week my "No Buy Zone" ranged from 4380-4453). In my view we are seeing buyers like myself shy away from those higher priced contracts in fear of having the algos pulling the carpet on us for 100-130 points.
The daily chart also is resonating the weekly sentiment in that we are seeing a decline in V-Score which is indicative of buyer exhaustion. (See Chart link for more details)
Even more alarming is the weekly VIX chart which illustrates that the VIX is currently in a squeeze which could spell trouble for buyers if they get caught reaching for expensive contracts in the "No Buy Zone." (See Chart link for more details)
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
Weekly Watchlist! 7/26 - 7/30Here is what stocks we are going to be keeping an eye on this week!
NASDAQ:WDAY
We are looking for a move here over $242 with target levels of $243.50, $246, and $248
NASDAQ:ATVI
Like how we are holding the 200sma just under trend resistance, we are looking for a move here over $92 for a run into earnings with a target of $93, $94, and $95
NASDAQ:NVDA
Looking for a break of resistance here over $197 with targets of $198, $199, and $200
NYSE:SQ
Looking for another break of trend resistance here for a move over $268 with targets of $270, $272, and $276
NATURAL GAS Weekly Bearish Pattern Greetings Folks,
NATURAL GAS has made a very strong bull run in the past few months, the current price is forming an AB=CD pattern (Bearish) on this Weekly Chart.
Of Course, we have to say that the price might go higher.
However, we need to take note that it is a strong opportunity to sell (PRZ)
Watch out for rejection at this level to finding good risk-reward for trend reversal entries as well.
All the details are on the chart.
Have a nice week. Good Luck.!!
ETH/USD: Ethereum could to make support above of $1,900 USDThis it's my weekly perspective how I see Ethereum in this timeframe. If the weekly timeframe still bullish , Ethereum could to valided this key support above of $1,900 USD to invest. At the moment, I will need, becuase in Daily it's look bullish . But weekly timeframe it's very important to know if Ethereum make a bullish reversal.
EURUSD looking for the 1.16? 🦐EURUSD on the weekly chart got rejected at the top by an extremely strong trendline.
The market created almost a double top and now is approaching a weekly support level at the 1.17400.
According to Plancton's strategy if the price will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USD/CAD 1W analysis Looking Bullish Hello everyone , as we all know the market action discounts everything :)
The USD/CAD pair looking to be bullish with the completion of a cup and handle with confirmation last week where the market price jumped up the resistance level at 1.24788,The USD/CAD jumped on Monday rising 1.2% after increasing 1.3% last week .The trend seems to be getting move momentum as time goes by at least for the next week or 2.
The US Dollar Index (DXY) was able to cross above the resistance at 92.80. The next step would be the resistance at 93.10. If the US Dollar Index gets to cross that, we will see the USD/CAD getting more support.
by using different indicators we were able to confirm this bullish movement where we see that :
1_The market price at 1.27411 trending above both the MA (1.23675) and the EMA (1.24432) (bullish sign)
2_The RSI at 59.70 showing strength in the market as it gains more momentum and no divergences were found (bullish sign)
3_The ADX at 35.79 showing that the market is trending with a positive cross over between DI+ and DI- , where DI+ at 25.48804 and DI- at 16.30824 (bullish sign)
Support & Resistance points :
support Resistance
1_ 1.2486 1_1.2679
2_ 1.2361 2_1.2747
3_ 1.2293 3_1.2872
Fundamental point of view :
The USD/CAD rallied on Monday breaking out and hitting highs not seen since February. The dollar was broadly higher against most major currencies as fears of the Delta variant of the COVID virus weighed on riskier assets. U.S. yields declined sharply and stocks fell, which gave the greenback a safe haven bid. The economic highlight of the week for Canada is the May retail sales report on Friday, which is expected to be weak. On Monday, the National Association of Home Builders reported a dip in their July index to 80. The index hit a record high of 90 in November of last year. Of the index’s three components, current sales conditions fell 1 point to 86. Buyer traffic declined 6 points to 65, and sales expectations in the next six months rose 2 points to 81.( According to FXEMPIRE )
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Weekly Outlook! 7/19 - 7/23Here is what we are watching for this next week!
NYSE:DASH
Dash we are seeing a nice bounce at the .382 FIB level.
We'll be looking to take a position on a move over $170 or under $164
NASDAQ:EA
Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is trending upwards
NASDAQ:FB
FB we are looking to play some continued momentum to the down side and look for a move under $340
NASDAQ:ZM
Very similar to DASH in that we've bounced off of previous resistance and the .382 FIB level. We are looking to take a move over $366 and under $354
NASDAQ:CRWD
CRWD is also sitting at long term trend support, we are looking to take a move over $254 and under $247
No surprises yet EUR/USD still Bearish Hello everyone , as we all know the market action discounts everything :)
I've posted a couple of ideas about the EUR/USD analysis and today we see that the market moved exactly how we thought it was gonna move .
first one on jun 25th :
second on july 6th
we are still waiting on the breakout of the neckline of the head and shoulders around the 1.17635 area , no reversal sign to be found yet on the chart and the major trend still seems to be in the hands of the bears .
indicators confirming this where :
1_The market price moving below the MA and the EMA (bearish sign)
2_Stochastic oscillator is in oversold zone with %D at 20.55 above %K at 5.96 (bearish sign)
3_Williams %R is in oversold zone at -94.06 showing the weakness of the market (bearish sign)
Support & Resistance points :
support Resistance
1_ 1.1835 1_ 1.1919
2_ 1.1763 2_ 1.2005
3_ 1.1695 3_ 1.2032
Fundamental point of view :
According to DailyFX:
Following Tuesday’s sharp selloff to the sub-1.1800 levels, EUR/USD now looks to attract dip-buyers and retake, initially, the 1.1800 hurdle amidst some cautious mood ahead of Powell’s semiannual testimony to the Congress.
Spot lost nearly a cent on Tuesday after US inflation figures surprised to the upside in June, noting that headline consumer prices rose 5.4% YoY (highest since 2008) and the core CPI gained 4.5% YoY (highest since 1991).
In addition, pressure for an earlier-than-expected tapering of the US QE programme continue to build up , in stark contrast to the ECB stance. On the latter, ECB’s De Guindos said earlier in the week that the Council will discuss the bank’s forward guidance next week. It is worth recalling that the ECB event is due on July 22.
In the euro data space, Industrial Production in the broader Euroland contracted 1.0% MoM in May and expanded at an annualized 20.5%, both prints coming in short of estimates. In addition, final Spanish CPI rose 0.5% MoM in June and 2.7% over the last twelve months.
EUR/USD returns to the area of recent lows near 1.1780, just above the key 2020-2021 support line. Price action around spot, in the meantime, is expected to exclusively hinge on dollar dynamics, particularly as investors continue to adjust to the Fed’s hawkish message, prospects of higher inflation in the US and potential QE tapering earlier than anticipated. On the euro side of the equation, support for the European currency in the form of auspicious results from fundamentals in the bloc now appears somewhat mitigated considering recent data, although the investors’ morale remains high amidst the persistent optimism surrounding a strong rebound in the economic activity in the second half of the year.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask
Thank you for reading.
GBPNZD testing the channel 🦐GBPNZD on the weekly chart is testing the resistance area near to the upper trendline of the channel.
The market closes the week with a nice bullish candle and according to Plancton's strategy if the price will flip the resistance during next week we will be ready to set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Gold: Weekly Forecast 20210711Gold has climbed for the 3rd consecutive week since it rebounded off from the neckline of a previous double bottom.
Resistance is currently seen at 1815 as gold kept getting rejected multiple times and ranged for 4 days already.
This could very well bring about another pullback based on the volume and the duration of the current bullish wave.
However, given the fact that it was able to close and stay supported at the resistance turned support level 1795, we shall adopt a more bullish view and look for buying opportunities.
We are expecting pullbacks at the beginning and will be looking to buy from 1803.
And if the gold is able to trend and break 1820, we see a potential of reaching 1860 as there won't be much resistance in between.