Weeklymarketsanalysis
EUR/CAD Analysis Welcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your entry criteria rules. If you trade KiSS 2.0, keep your eyes on major technical levels for the best potential trades.
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Brian Kenya Horton, BK Forex Academy
Important week for GBPMy favorite pair has an important week on it's way. it reached the same High level as March 2018 and now has shown bearish Divergence on daily and Weekly Time frames.
In addition to these parameters shown we have a Bearish Trend line (Purple Color Coded) in place since 2014.
For the Time being my view is short, till further price action proves otherwise.
Weekly-Montly EUR/USD chart analysis FX:EURUSD
There is a Reversal-Level spotted in 25 feb 2021 and now its creating the second Reversal-Level again
From the trend line and fibo , The Market would make a short Reversal-Level before continuing the previous Bullish Trend
But if the Market move down below 0.786 fibo level, it might create a new Bearish Trend
just in case If the price move as expected in the chart
This is my set-up
Entry Point = 1.22894
Take Profit 1
43.6 pips = 1.23330
Take Profit 2
118 pips = 1.24074
Take Profit 3
155.1 pips = 1.24445
Stop Loss
-119.9 pips = 1.21695
Risk Reduction Entry = 1.22950
DXY to new LOWsOn the Weekly chart, DXY is nearly touching the old low of 89.200 potentially reaching a historical low of 88.250. In this chart, the DXY beautifully rejected from the 78.6% level on the fib, creating a strong momentum to the downside. I expect to reach new lows as inflation in the US is still rising and the FED policy has not yet been changed. We should look on the EU and GU but also at the other dollar related FX pairs for future upward movements.
What do you think DXY is going to do?
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THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. USE RISK MANAGEMENT AND STOP LOSS.
SPX's weekly up date . Third week of May 2021.- P/E : @ 45 .54 . Third highest reading since "1875"!!! Tops land. 2% from becoming the 2ed since 1875 .
" Usually bottom of crashes not tops". I guess P/E is becoming "Irrelevant" to investors with M2 getting fatter ;-) .
- SPX's Dividend Yield: @ 1.37 Possible target is 1.10 2000's bottom !!! US10Y @ 1.63 "consolidation Mood !!"
-Historically 10y note has a side way movement relative to SPX in May.
- Insiders: 205 Sell, 65 Buy nothing Out of the usual.
- Seasonality: May Max 5.3 % Min (-8.1%) past 20 Years. With Q2 of post presidential election, since 1950, gain
of 5% (already 3.5 % in the first 10 days LoL !!!
- Deviation : Daily - @12.83 % (64 % single pullback) weekly - @40.97 % (46% single pullback/54 % double pullback !!!)
Weekly is in favor of a pullback with 54 % chance.
- Candles Auto recognition : Bearish Long upper shadow is our last 36 % success rate. Monthly Nothing 7 months for monthly.
- Putt/Call composite @.702 Still holding Higher Highs/Higher low. Golden Cross "Achieved !!!".
-Total Option Volume: 478888 keep hitting this resistance again and again.
- VIX : In our safe green zone, we hit 18 " We spiked above our green safe zone but we tracked back within days'.
- VWAP: @ 67.5 = No man's land, closer to troughs and up swings..
- DIX : 42% No man's land .
- GEX : @ 7 M. 55% tops land, 35 % up swing 10% false signal.
- SPX : Above averages . Nothing here to mention.
- NYSE: Above average : 50D broke 50 line down then up signaling bottom has been achieved. Will it go back down ?
not good at all to break down the 50 line.
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Key for this week :
1/ Golden Cross on PC.
2/ Higher Deviation on weekly favoring 54 % double pullback.
3/ NYSE 50D broke 50 line then bounced back keep an eye on this if it break below 50 again.
Weekly-Montly AUD/USD chart analysis FX:AUDUSD
There is a strong Bullish Trend on the chart, However, its been tested several times on the support and resistance zone which makes it looks like gonna make a new trend
If the price move below the support zone, it would make the Bearish Trend
And if the price move above the resistance zone, it would continue the previous Bullish Trend
im aiming the price to go bearish and here my future setup
Entry Point = 0.74810
Take Profit 1
162.3 pips = 0.73187
Take Profit 2
273.4 pips = 0.72076
Take Profit 3
380.3 pips = 0.71007
Stop Loss
122.2 pips = 0.76032
Possible Retest For A Swing Sell Happening This WeekLast week, GJ showed fatigue at a weekly level and took a nosedive for the week. It actually created a bearish engulfing on the weekly chart, so I', looking for a retest of last week's move before a continuation down. I have my BULL TPs a little too high this week because I don't really know how long the pullback will last before we continue dropping. Always good to play both sides of the field until you get what you want.
BEAR TPS:
149.837
149.334
148.296
147.442
BULL TPS:
150.834
151.260
151.633
152.091
NASDAQ 100 analysis. Get ready for next week!!!Nasdaq 100 expanded on Thursday engulfing Monday, Tuesday and Wednesday trading ranges. On Friday index expanded on the 15-minute chart as shown above. This can certainly create a big move of more than 100 points in either direction. Yet uptrend is more likely to hold.
Risk Management
If the price moves 100 points how much do you want to risk? 20/30 points?
How much margin do you need to execute a trade? $20 per standard lot?
How much % risk do you want to take? 2%, 10% on this trade?
Trade efficiently, Trade safe!!!