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$SPY - Weekly Chart Analysis Heading Into Easter Long Weekend$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy longs, we would like to see a slight pullback to $285-$290 level of consolidation to let the market catch it's breath and overbought sentiment. Main focus for day trades have been day 2 continuation plays off highly correlated news-based plays moving irrelevant to the market conditions. Other focus setups have been on the earnings reports and pre-market gappers that also tend to more irrelevant to the market conditions. Still keeping a mindful approach to how the $SPY is acting in conjunction with my watch-list. On gap up days, market tends to give less opportunities at the open and for longs. Key is to be patient, let the pullback/dip take place and base out, then look to attack the healthy long setups that have bullish support from the overall market. If we do hit doomsday mode where media and major names start to tank during earnings season, will look to focus my watch-list on the inverse ETF's (UVXY, TVIX) as they are my bread and butter during volatile market dips. Have a great long-weekend everyone and I will see you all Monday!
AMEX:SPY
by BullsOnWallStreet
Look!Outstanding Bitcoin Evening Star Doji Setup on The Week!Here on the week by week graph, we can see that cost has printed half of a tremendous night star doji example, and it's a course book development up to this point. Since the start of February, cost has been in an uptrend (pink channel) on the week after week graph. Be that as it may, we printed a gigantic bullish flame after we detonated over the week by week 200 EMA (in purple.) Price hit a roof however, directly at the week by week 50 EMA (in orange.) As you can see, the present light is as a doji star. Thus, I figure this week by week flame will close tomorrow night, and we will start the following week by week light. Along these lines, on the off chance that we close this flame as a doji star, it will have mostly finished a course book evening star design on the week after week time period. A significant number of you are most likely pondering what that implies. All things considered, a night star is a bearish inversion development. Normally, the bullish flame that ascents before the doji star, is totally deleted on the opposite side of the doji . At the end of the day, if this example happens, one week from now could totally eradicate the additions that we have seen, since the breakout over the week by week 200 EMA . I've appeared different investigations how we were simply dismissed at the highest point of an enormous uptrend channel , and I've indicated how we could come back to the base of that channel. For illumination, see the past BTC examination connected beneath. This example is proposing that we could see a tumble to the base of that channel, and conceivably even lower. As I have highlighted in different examinations, you can see that there is a major frightful red bolt on the graph, demonstrating how BTC could clear out a gigantic measure of significant worth one week from now. That is on the grounds that for this example to finish itself, we would need to see a ground-breaking bearish finish on the inversion. Remember, this example isn't finished. Be that as it may, it is set up splendidly to satisfy itself. The energizing part, is that in the event that we do see a dangerous retracement back to the 200 EMA (in purple) one week from now, that probably won't be the finish of the selling. Actually, evening stars frequently produce a few candles of drawback continuation on the back of the example. Along these lines, we should perceive how this plays out. I simply needed to draw it out into the open, with the goal that all of you comprehend the potential drawback hazard. The week by week 50 EMA has ceased BTC dead in it's tracks. Starting here, the undoubtedly heading we will cross, is to the drawback in the coming weeks. To anybody out there who is a candle design addict, considering how this is a "course book" evening star setup, without a hole up to the doji , I just make them thing to state — this is Bitcoin . It's a 24 hour market. There is anything but a solitary hole on this diagram. Subsequently, I have rejected that course book prerequisite. This data isn't a suggestion to purchase or sell. It is to be utilized for instructive purposes only.***
BNC:BLX
by BestFxNews
2
US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
INDEX:DXY
by FuturesForexClasses
HANG SENG: Weekly OUTLOOK!#OpportunityHey tradomaniacs, welcome to my analysis for HANG SENG HSI. Everything I want to say is shown in the chart. Since this market is political-driven we should still wait for the outcome of the tradewar, especially for China and USA. Every good news seems to be enough for the market to buy.. but still with a very low volume! ----------------------------- 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:HSI
by Trading2ez
Gold - Weekly Forecast 15th - 19th AprilThe gold has climbed for the first 3 trading days of last week which it found resistance at a falling trendline. The resistance has translated into a very bearish movement and broke through the bottom of a rising channel in the H4 chart. On the last trading day, gold fell into a range and there's one hour where buyers did try to push up the price but failed miserably, leaving a long upper shadow (H1 chart). The price went on to inch lower and finally closed right at the previous low. Therefore, we are expecting that the sellers will continue to take control and this time it may finally break through the neckline of the head n shoulder. Once the break happens, we hope to see that the price, with strong demand at the bottom, will retrace back to the neckline to retest and that's where we want to get ready to sell.
FX:XAUUSDShort
by AlgoVenture
1
EURUSD - Weekly Forecast 15th - 19th AprilEURUSD started off last week with a strong bullish candle that broke above a 1-week range. On the 3rd day, it retested the range but buyers are strong enough to hold off the sellers thus leaving a long lower shadow. on the 4th day, the price attempts to fall again but it was obviously one without commitment. The buyers came in strong as sellers are worn off and the price closed higher with a strong bullish candle. Therefore, we are strongly expecting EURUSD to continue its bullish trend and thus we will be waiting for levels to long along the way.
Long
by AlgoVenture
Dollar - Weekly Forecast 15th - 19th AprilAfter more than a week of ranging near the top, the dollar has broken below the range. On the first day of the breakout, the price pulled back strongly the following day back into the supply zone. However, on the last trading day last week, the dollar fell through the floor, showing that the sellers are now in control. Therefore in this week, we are clearly expecting the dollar to display more bearish movement towards the bottom of a 7-month ascending triangle
TVC:DXYShort
by AlgoVenture
Confirmed! BTC closed above the forever downtrend! What now?Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion. Alright now that's over with, let's start with a quick reminder, this chart has combined 6 of the world's largest exchanges together to get an average of the world volume and data. This is a follow up to my previous article, last time I said we're very bullish if we close above the forever downtrend, and a bull run could potentially start. So let's fast forward 1 week later, and what do we have? An actual huge green candle that closed above the downtrend, that means we went from bearish to bullish. However, that doesn't mean the bull run starts now. It still needs time to consolidate, I'll talk more about that in my next article, with a much more in depth analysis. Let's focus on what's happening now. Everything still looks good on the weekly, only thing that's changed is an open red candle on the weekly, this tells me that its simply a pullback from the massive pump last week. If you look on the RSI, we can clearly see that the volume pump vertically, and is now followed by a pullback. This is very normal, for every push there's always a pullback. Our most recent correction was at 4922 USD (29,532 USD) with the candle just wicking the mini, weakish support line. This is considered a bullish sign if you're an Elliot waves guy (I'm happy to explain Elliot waves in another article, let me know what you think in the comments section) because it means that we have a truncated wave. For every push there's a pullback, what goes up must come down. In other words, If we're going up, the price needs to cool-down before it can go further up again. There's a lot of drama and commotion about the market sentiment right now, people are saying things like "we're going to 4,200 USD." If you think 4,200 USD (25,200 USD) is bad wait until you see what the whales have installed for you, there's a much larger picture than what we see now, I'll explain the whale's secret plan in my next article. Back to the 4,200 USD debate, we don't actually have solid evidence to make that claim, we'll have to leave it as pure speculation for now. However, it doesn't mean it can't happen, and that's the funny thing about these markets, you always have to consider every single possibility. A dump to 4,650 USD (27900 USD) is what dictates the direction of the price. There are certain things that must be required before making a viable predication, if it qualifies then it's believable. Just remember, price pumps or dumps in crypto markets must be severe enough to define whether something can turn bullish or bearish. If you look on the 4 hour chart, I've spotted a heads and shoulders, and its still at play right now as we speak. Let's take a step back and have a detailed look. The chart is trying to tell us that the bulls seemed to correct before we hit the neckline, it looks like we might be creating a new higher high or what might be the right shoulder. The size and shape of our right shoulder will determine how much the price will retrace to. I know this article was short, but I wanted to follow up with that recent pump that happened last week. I also wanted point out a few things to look for afterwards. Please stay tuned for my next article, I have some big, crazy, and interesting news to share. Thank you everyone for your time, have a great weekend! P.S. I've decided to accept donations. I'm trying to build a brand and business for my trading career. If you would like to donate, all funds would directly support my mission and vision. I still appreciate each and every one of you whether you choose to donate or not. BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
BITFINEX:BTCUSD
by CyberStocks
4
#USDJPY, long and short in Week 15, remain bullish in Week 16?USDJPY moved as expected for the first half of Week 15, completing a 3 level bearish move. That move was quite fast as it completed in just half a week. Following the completion of the bearish move, it then makes a bullish movement that took back the bearish move made during the first half of the week. What a strong bull we are seeing! Traders who took short positions would have made a good profit, before getting out, and traders taking long trade would have made a good profit as well. Week 15 is indeed profitable for both sides of the market. While a strong bull came in and made a new bullish level, the analysis pointed us to expect some form of consolidation before the price continues its upward trend. For that matter, I am placing a neutral outlook for USDJPY as some form of consolidation is expected before the bullish upward move. In addition, it is quite a big range between the low and the high of bullish level 1, so being cautious and wait for a good entry to long might be the better option now. If my analysis helped you in any way, I hope you can like and follow me on Tradingview! =)
by xunnobi
2
#EURUSD, expected bull in Week 15, turning bearish in Week 16?EURUSD moved as expected from Week 15's analysis. It made a bullish move and break into bullish level 3 ending the week with a full bullish move. Traders going long would be rewarded, however, short sellers who caught the dip in the middle of the week would be rewarded as well. In this week's analysis, we see that the pair has gone up to bullish level 3, where potential reversal usually occurs. While it is still premature to say that a complete reversal shape has been formed, it pays to be prudent and avoid the pair till the next signal comes along. So for the lack of any price pattern and just the fact that it is currently in bullish level 3, I am going to place a neutral outlook on EURUSD. For traders who want to trade the EURUSD, it pays to monitor and look for long or short signals. If my analysis helped you in any way, I hope you can like and follow me on TV! =)
by xunnobi
1
#USDCHF, bullish in Week 15, bearish for Week 16?USDCHF continued its upwards movement in Week 15, dashing all dreams and hopes for traders with a short view of the pair (Including me). I took a couple of losing trade with USDCHF and understand that it will no longer stay bearish and I exited with some losses. While the movement isn't earth-shattering, it is good to minimize floating losses. The pair continued to break upwards to bullish level 4 and it formed a reversal pattern, H&S, which made this week's analysis a bearish one. While the analysis showed a potential bearish move in Week 16, for traders taking short, it is good to set stop loss of some sort to prevent unexpected upward move again. For Week 16, I am in line with the analysis to take a short view on USDCHF, thus I would be entering short again in stages. If my analysis helped you in any way, I hope you can like and follow me on TV! =)
Short
by xunnobi
GBPUSD, ranging in Week 15, ready for Week 16GBPUSD did not make much of a move in Week 15, instead, it spent most of its time ranging. This is a perfect market for day traders and traders who go for 30 to pips each trade. In Week 14, the analysis pointed GBPUSD to make a bullish move in Week 15, while it did rise a little, it is doing in a ranging fashion. For all the long traders in Week 15, profits could be made. The same goes for short traders in Week 15. Week 15 was generally less risky and had good opportunities for traders on both sides. In Week 15's analysis, it continues to point to the possibility of a bullish movement of the GBPUSD. Since it is still at the same level as Week 15, I will continue to take a long position in Week 16, waiting for the bullish move to be made by GBPUSD. I hope all traders continue to make a good profit in the coming Week 16! If my analysis helped you in any way, I hope you can like and follow me on TV! =)
Long
by xunnobi
2
Gold- Weekly Forecast 8th - 12th AprilGold has ranged throughout last week and still maintained above the demand zone at 1282 but also below 1300. The bearish bat pattern has already taken effect as the gold did fall, and at the same time, a head and shoulder was formed too. Since the price failed an attempt to break the neckline, it leaves a possibility for the price to pull back and climb into the supply zone just above 1300. Should gold choose to pull back, it should happen in the first 2 trading days this week. If it doesn't, the price should have no issue with breaking through the neckline and head towards the 4-month demand zone below 1250.
FX:XAUUSDShort
by AlgoVenture
Dollar - Weekly Forecast 8th - 12th AprilThe dollar was little changed last week as ranges between 97 and 97.6. By the end of last week, the price was seen closing below 97.4 within the supply zone which may lead the dollar to start another short-term bearish trend. However, we do not exclude the possibility where the price breaks new high immediately on the first trading day this week. Therefore, I would personally recommend to adopt a 'wait and see' for a clear reversal signal rather than jumping into conclusion to sell the dollar right away.
TVC:DXYShort
by AlgoVenture
GBPUSD, ranging for week 14, expected rise in Week 15GBPUSD moved into bullish level 1 in Week 14, however, it went back down to create a new low for the bullish level 1 towards the end of Week 14, which would have flushed all the profit that long traders made early in Week 14. Week 14 would be a good week for traders who take both long and short positions, largely the day and swing traders. The moves are quite substantial with each rise and drop about 150 pips. I believe many traders would have profited from the range of GBPUSD in Week 14. In Week 15, I would be going in long, and looking for GBPUSD to rise up to a bullish level 3! I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
EURUSD, Ranging in Week 14, lets rise in Week 15.EURUSD largely contained itself within the range in Week 14. Even though in Week 14, we expected it to drop, which it did, however, it went back up to the range at the end of the week. Traders who went short would have netted some profit, traders who went long in the middle of the week will be in profit as well. In Week 14, both long and short traders can be profitable. In the analysis, it shows that the price has gone up to a bullish level 1, and we are expecting the price to continue its movement upwards. The NFP on Friday was not earth-shaking as the price still went back to the range after the initial move. For Week 15, I will be going in for a long and would be expecting a big bullish move in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
USDCHF, no reset in Week 14, what to expect in Week 15?In Week 13, we expected the pair to make a Trend Reset and have an outlook of neutral/bearish. However, in Week 14, the pair made a sharp rise and moved to a bullish level 3 zone. Personally, I did not engage USDCHF in week 14, because I am unsure of the general trend, so even if I take a side, I might not be able to have a reasonable conclusion of the pair. USDCHF did not make much of a move even though it went on to create a bullish level 3. Traders shorting the pair might incur some losses and traders who long the pair would be able to net some profit with some big swing at bullish level 3 zone. From the analysis, it seems like a reversal pattern has been formed with a double top lying in the bullish level 3 zone. I will be looking out for a short opportunity in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi
USDJPY, straight rise week 14, looking for change in week 15USDJPY made an unapologetic bullish move for the whole of week 14. Traders like me who are looking for short and have entered short for the pair would like to suffer a bad week if no change in outlook. The analysis showed a strong upward movement in Week 14, however, it is also showing the pair has overextended the move. Currently, we are seeing 7 levels of rise and JPY pairs usually have extended move as compared to other pairs. (We can count it as 6 levels). The extended move usually throws a lucrative signal for reversal trades but would have ended up a false reversal pattern. I am definitely one of those traders being caught by the extended movement of the pair. The analysis would be now pointing towards a bearish week for Week 15, which I will be monitoring and take a short position if signals are available. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi