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Weeklymarketsanalysis

DXY has a DECISION to make!Hey tradomaniacs, tough week ahead with a lot of risky events which will drive the market crazy! Election debate, further stimulus packages and Non-Farm-Payrolls... uff! "Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum. Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November." "The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth." Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart! Bearish: Cycle-Analysis Double-Top-Pattern Breakout of Channel Potential Wave-Continuation (c) Breakout & Retest-Scenario Bullish: Previous close above Resistance-Zone Strong momentum to the upside SPX500 in downtrend and TL Wave (c) could be finished FAN-LINE holding No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXY
by Trading2ez
9
BNBBTC bounced on 0.786 Fibonacci Level 🦐BNBBTC bounced on 0.786 Fibonacci Level and now is testing a weekly resistance. IF the price will break weekly resistance According to Plancton's strategy, we can set a nice 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
8
BTC on the retest of a weekly support 🦐BTC on the weekly chart is retesting a very important weekly structure. The market after the break and test of the highs retraced back till the 10k level. Being a strong support we can expect the price to bounce over the structure and respect the mid line of the channel for new move up. On the other hand if the price will break below the weekly structure we can look 9k level. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
8
GOLD - WEEKLY ANALYSIS.GOLD- It's looking bearing on a bigger time frame, Approach should be finding a short sell opportunity. Levels to take action on ; Go for short sell in the range of 1945 - 1950 with a stop loss of 1966 for a downside potential up to 1900 - 1883. Keep trailing stop always to secure your profits. There is a possibility of a bounce back which I have mentioned from 1883 so have an eye on it to grab a buying opportunity as well. In case if it triggers stop loss level of 1966 and sustaining above 1970 it can jump till 2012 level, but chances for an upside is little less for now based on technical charts but do keep this in mind too. Follow the levels properly and maintain proper risk reward. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDShort
by Professor_GS
1
GOLD Weekly, Daily analysis 🦐Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level. On the weekly chart (left) we can see that market found support on a weekly structure and price retrace till the 0.618 fib level and went back up at the 0.5. On the daily chart (right) the market testing the discending trendline and creating a triangle pattern. We can expect the price to break above the discending trendline and the upper daily structure to test the recent highs. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
OANDA:XAUUSD
by InkyGrip
11
XRP testing a discending trendlineXRPUSD on the weekly chart hit a descending trend line and got rejected for a 3rd time on the 0.30 level. Market hit on the move back the 0.618 on the support structure. If the price will break above the weekly resistance and consequently break the trend line we can set a nice long order according with Plancton’s strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
12
Key Level Trade Setup -- Major Resistance Level May Be RespectedFirst, this is nice that it's sitting on a weekly key level. Second, where price stopped also looks to respecting a major level of structure according to the daily. I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too. BEAR TPS: • 139.698 • 139.164 • 138.236 • 137.708 • 136.542 BULL TPS: • 141.621 • 142.320 • 142.768 • 143.718
Short
by NikaJourney
XRPBTC is inside a descending channel 🦐XRPBTC is inside a descending channel after price bounced twice on 0.618 Fibonacci level as you can see on weekly chart (right chart). Now the price need to have a breakout from channel and weekly resistance. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
9
Depends If The Bearish Trend Can Be Broken This WeekThis pair actually has been fun. It's spent multiple weeks in consolidation just to do it up massive uptick that made me so proud. Then it pulled off this beautiful short, that actually looks like a giant pullback at first glance on the higher timeframes (daily, weekly). When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down. This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way. BEAR TPS: • 1.54812 • 1.54058 • 1.52947 BULL TPS: • 1.56837 • 1.58161 • 1.59955 • 1.61280
by NikaJourney
2
GBP/USD and a POSSIBLE BUY#PreparationHey tradomaniacs, looking at GBP/USD I can see a possible long-scenario in order to continue the trend. Technicals: The previous fakeout by DXY caused a sell-off in GBP/USD which has resulted in a fakeout and close above the key-support,trendline and 61,8% Retracement-Level. GBP/USD recently broke out of its consolidation and has now retested the area of possible bullish confluence. It is likely to see another UP-WAVE which would be the third and so extended wave to trade (Very attractive to trade). Fundamentals: The previous NFP-Data were overall bearish for DXY as the positive Figures were a confirmation for the current low monetary policy of the FED. The market will probably price in more liquidity for the market and so more inflation in the USA which will probably boost EUR as it has a weight of 57,5% in the US-DOLLAR-BASKET. The only concern I have is a previous post from London saying that the economy does not recover as good as expected and that a further easing is likely to happen. This is a dovish sign for the POUND and could so may give us a nice chance to buy EUR/GBP as I expect a better performance by EURO against DXY. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
Overview of Ethereum: What never see in Ethereum is a bullrun!!!In this analysis on weekly, I detect a long opportunity, now this correction show a good opportunity to buy, buy and buy Ethereum for long-term and accumulate Ethereum. So, guys I show you the targets to reach based in the Fibonacci's Trend: 0.382% = $408 USD 0.618% = $471 USD 0.786% = $516 USD 1.273% = $647 USD 1.618% = $739 USD That is a good investment for Ethereum and great opportunity for longer while we see a Altseasoon soon. Also, in weekly timeframe we detect the buy at 0.618% of Fiboancci. That is amazing to invest in Ethereum for long-term!!!
COINBASE:ETHUSDLong
by harisonhbn9718
1
NIFTY COMMENTARY by Kiran WEEK 2Hello friends, Last week I started the commentary with five conditions, they are listed below. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. We might be in the middle of trend reversal. So, here both bulls and bears should take care. If NIFTY cannot able to close above the red trend line then it signals the correction is underway. It will be confirmed this week. Any dare people can short the NIFTY at red line which can act as resistance line. my view about the NIFTY 3.Wait for trend confirmation When it will confirm the down trend? Simple, new lower low will confirm it. it is now at 11150-11300 range and not able to go above 11500 -11600 range. Thats it Have a nice weekend. SEE YOU NEXT WEEK. Your humble trader, Kiran
NSE:NIFTY
by KiranSunku2016
BTC Re-Post From July 11 coming true!! Re-test Weekly 21 EMA No One is Talking About this...Re- Post I was Correct, just missed it by one week! BTC has always retraced to the Weekly 21EMA to test support... in both previous post-halvings. The Weekly 21 EMA was tested between the 12th and 16th week...BTC is in week 17 Post-Halving 2020. Weekly 21EMA is currently 9940...today's candle wick low was 9987 week-to-date... that's close enough for me! Now to stay bullish...the BTC weekly close, should not CLOSE below the Weekly 21EMA. Wicks below are fine, that could even mean a daily close below the Weekly 21EMA, but NOT the Weekly Sunday night close at 8pm Eastern.. No-one would listen to me...got this one right... I am lead to believe that the market cycles are getting longer so the 17th week after the Halving makes sense to me...
BITSTAMP:BTCUSDLong
by Chefrusty
4