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Gold weekly roadmapHello guys, I hope you are doing great, let's go for the weekly gold view. Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation. Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation. In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips. Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade. There is a possibility that it will go up to the range of 2080. you can look for a sales position there. This week, look for scalp positions in smaller time frames, even though gold is very bullish this week, I don't see buy positions on the chart, I only see high-risk scalp sell positions.
OANDA:XAUUSD
by Golden_Star1994
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I like to receive feedback from viewers! Thank you. May profits be upon you.
ICEUS:DX1!Short
by RT_Money
Elliott wave on "GRTUSDT" Weekly time frameHi Guys, You can see my prediction of the future price for GRT USDT. At this stage, we cannot definitively say that we are in wave 3 or wave c. That's why I labeled it with 3orc wave. In this case, the minimum target number for wave C is 0.344$. If the movement has a good acceleration and after reactions to the Wave C zone, a decision can be made regarding wave 3. Also be informed that normal targe for wave 3 is 0.88$ up to 1.57$
Long
by Amirreza_Pourrajab
1
XAUUSD|Examining possible scenarios for this week's transactionsHello friends, let's go to the first weekly outlook of 2024 for gold. In the last week, gold moved according to our view and managed to get the prices we wanted. My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend. In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small. With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970). Thank you for following and supporting me, I hope it was useful for you. I wish you a profitable week.
OANDA:XAUUSDShort
by Golden_Star1994
1
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News Introduction: The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum. Market News and Restructuring Delay: The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock. Technical Analysis - Bullish Momentum: Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely. Key Price Levels to Watch: Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum. Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock. Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation. Conclusion: In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
RUS:YDEXLong
by wikitrades
3
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this important ETH update. Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price. On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH. So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600) What do you think about this? Share your thoughts in the comments section. if you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
Tata Motors on Weekly Chart Looking Good for Mid Term InvestmentAre you looking for a Breakout Stock? It's right here. What - Tata Motors on Weekly Chart Why - Just Broke Out of Resistance. How - I used Fibonacci Retracement to spot Exact Levels. What's your view on this? Please share. Contact 8130724243 for Stock Market Courses from NSE Academy. We are affiliated with Empirical F&M Academy and NSE Academy. Hope this post adds valuable insights to your trading/investment journey. Don't forget to share with your friends. (*Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.*) *** Disclaimer: Please note that this is only for Study Purpose and not a recommendation. So please do your own research before investing in market. #BreakoutStock #TradingStrategies #StockMarket #Nifty #chartpatterns #indicators
NSE:TATAMOTORSLong
by Trendx2
CDSL Weekly chart breakoutCompany Overview: Central Depository Services Limited (CDSL) is one of the two central securities depositories in India, facilitating the holding and transfer of securities in electronic form. As a key player in the financial infrastructure sector, CDSL plays a crucial role in supporting the efficiency and transparency of the Indian capital market. Market Position: CDSL holds a significant position in India's securities depository landscape, providing depository services to a diverse range of market participants, including investors, issuers, and intermediaries. The company's robust technology infrastructure and commitment to service quality contribute to its leadership in the depository services industry. Key Investment Themes: Dematerialization Trend: With the ongoing trend toward dematerialization of securities, CDSL is poised to benefit from the increasing preference for electronic holding and trading of financial instruments. The shift from physical to electronic securities aligns with global market trends. Growing Capital Markets: As India's capital markets continue to expand, driven by economic growth and increased investor participation, the demand for depository services is expected to rise. CDSL, being a key infrastructure provider, stands to gain from the growth in the securities market. Technology and Innovation: CDSL's focus on technology and innovation, including the implementation of blockchain technology, enhances the efficiency and security of its depository services. Continued technological advancements contribute to the company's competitiveness and adaptability. Diverse Product Offerings: CDSL offers a range of depository and related services, including dematerialization, pledge creation, and electronic voting. The diversity of its product offerings allows the company to cater to the evolving needs of market participants and broaden its revenue streams. Regulatory Support: As a regulated entity, CDSL operates under the oversight of regulatory bodies like SEBI. The supportive regulatory environment ensures adherence to best practices, fosters investor confidence, and contributes to the stability of the depository services industry. Risks and Mitigation: Market Competition: The depository services sector is characterized by competition. CDSL mitigates this risk through continuous improvement in service quality, innovation, and maintaining strong relationships with market participants. Technological Risks: Dependence on technology exposes CDSL to risks such as system failures and cybersecurity threats. The company addresses these risks through robust technology infrastructure, regular audits, and investments in cybersecurity measures. Regulatory Changes: Changes in regulations or the introduction of new market practices can impact the depository services industry. CDSL actively engages with regulatory authorities to stay abreast of changes and ensure compliance. Long-Term Outlook: Central Depository Services Limited presents a compelling investment opportunity as a key player in India's evolving capital market infrastructure. With the ongoing digitization of securities and the growth of the financial markets, CDSL is well-positioned to play a vital role in shaping the future of the Indian securities depository landscape. Investors seeking exposure to the financial infrastructure sector in India may consider including CDSL in their portfolio. However, it's crucial to stay informed about regulatory developments, technological advancements, and market dynamics while maintaining a long-term investment horizon. Conducting thorough research and periodic reassessment of the investment thesis is advisable to adapt to changing market conditions.
NSE:CDSL
by RajputAmarjit
Gold weekly forecast 23-27.10After two strong weeks, gold may slow down, starting with a retracement. The most likely scenario is that the price will go down, break the channel and fool the traders with a false breakout. But the price broke very strong reaction are, which we will observe later. I do not think gold will break the 4H manipulation that I have marked, but most likely it will use this area as support to continue higher. We will take a closer look at the price action to see what we can expect. Macroeconomics J.P. delivered a hawkish speech, warning of higher interest rates. This could lead to at least temporary bearish movements in gold. The war with Israel is still very active. We have seen gold rally aggressively with the start of this war. Employment is falling, or more accurately, it is not moving. Last reading of unemployment rate was unchanged. Which gives room for the FED to go further with IR. The latest CPI showed that inflation is still high, most likely because of oil prices. Although the core CPI showed a significant drop in inflation, it seems to me that this was not enough evidence for the FED. There are definitely bearish factors with the hawkish stance, but the war is a geopolitical risk, that does not happen very often. In my opinion, this risk will push the "safe haven" metal higher. Top-Down Analysis Monthly Gold is forming a very strong bullish manipulation. If this month closes as such a strong FU, we can be sure that the all-time high will be broken. Weekly Gold has just broken through a strong weekly manipulation area. Most likely, the price will come back for a retracement and continue on its bullish path. Daily I would say that gold is now in the daily reaction area where it has often ranged in the past. That makes, this week we may see a sideways price action. Benchmark Although the price action has been very strong and gold has been strong against other currencies, the benchmark indices are showing underlying weakness. This should give us a clue that we may see sideways price action this week. COT Reports Last week the pros were bearish, but it seems they have already sync with the banks. US Yields Yields are rising, but so is gold. It tells us that the big players are probably buying because of the war. XAUUSD vs GDX I do not like this divergence. History has shown that we should be cautious when there is such a divergence. BUT last year, during the strong rally in Gold I, such phenomena also happened. Gold vs Silver Silver is also very bullish but has failed to break through the highs. These two could form a SMT divergence, suggesting at least a slowdown in the current rally. Elliot Wave I am not sure if this is the right count as the extension is larger than normal, but for now I will focus on the bullish count. Volume Spread Analysis - Wyckoff patterns The volume on the recent low was large and did not suggest a reversal. Nevertheless, the war came and the economic events pushed gold higher. The current price action appears to be an accumulation - a classic Wyckoff pattern. Momentum We saw what happened last time when the price reached the band and became oversold. Right now gold is at the top of the band. The RSI has entered the overbought zone.
FOREXCOM:XAUUSDLong
by SerpentForexClub
2
USD/JPY Weekly Analysis - Potential SellWelcome to our weekly USD/JPY analysis on TradingView! In this post, we'll provide you with a comprehensive overview of the USD/JPY currency pair's current situation. It's currently trading within a channel, and we'll also discuss the possibility of a double top formation. Let's dive into the analysis! 📈 Key Weekly Analysis Points: Inside the Channel: Explore the implications of USD/JPY trading within the channel and its potential impact on future price movements. Double Top Potential: Discuss the formation of a potential double top pattern and its significance for traders. Support and Resistance: Analyze the crucial support and resistance levels within the channel and their importance. Trade Strategies: Discover potential trading strategies for a scenario involving both a channel and a double top pattern. If you're a trader or investor interested in USD/JPY, this post offers valuable insights to help you navigate the markets effectively on TradingView. Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. Your feedback and interaction are highly appreciated! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
Short
by Forex_Int
Nifty 50 Weekly Market OutlookWeekly Review Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the week. Week Ahead : On Daily charts, the Nifty 50 index seems to form a falling wedge which shouldn’t go unoticed as we have seen a euphoric rally in past mid week. This indicates a strong push by bulls to regain their fort but that’s a conditional outlook if the index is breached beyond the falling trendline (downward sloping-upper trendline) with sustained move till 19,300-19,375. A break above 19,600 is a crucial resistance for any rally beyond that level and given the fact that market still holds 19,494 as crucial level. On the lower side if the selling pressure weighs heavy, a possibility of 19,194 , 19,076 and 18,977 can’t be ignored.
NSE:NIFTY
by chandakpulkit
EURUSD Full Chart AnalysisWeekly: From November 2022 to the present, the weekly chart of the euro against the U.S. dollar presents an "Uptrend Channel" , and the past five weeks have happened to be in a downward trend. The current price is looking for strong support. It is estimated that the integer around 1.08 is the key support from the graphical observation. Thinking from the weekly chart: we should have long positions near the support of 1.0800, and expect the price to rise to around 1.1300. Daily: Also like the weekly chart, from November 2022 to the present, the EUR/USD has clearly shown an "Uptrend Channel". At present, the price has fallen to the relatively lower position of the "Uptrend Channel", and the same as the weekly chart, it should be have long positions around the integer of 1.0800. H4: Observation from the chart: The three moving averages present a "short arrangement", and it is recommended to short on rallies. However, since the weekly and daily charts have fallen to relatively low levels, the price is likely to rise in the medium and long term. Therefore, according to the operation on the H4 chart: if the price falls to around 1.0800, investors who currently hold short-position should first Close the position and exit with profit. H1: Because the current price presents a "Descending Wedge", it is recommended to establish a short position at a high position in the short-term. Short positions should be stop loss when the price rises above the upper edge of the "Descending Wedge". In the medium or long term (or refer to the operation of the daily chart), we can try to do have long-position around the 1.0800 integer. Trading straregy: Short-Term (H1 or H4) Sell Limit: 1.0870 -1.0890 SL: 1.0930 TP 1: 1.0840 TP 2: 1.0800 Long-Term (Daily or Weekly) Buy Limit: 1.0780 - 1.0800 SL: 1.0740 -1.0760 TP 1: 1.0880 TP 2: 1.0940 TP 3: 1.1000 TP 4: 1.1060 Full Vision 4K Pic
Long
by HyperAlphaPro
SasanSeifi 💁‍♂️MASK/USDT 👉1W🔻 LONGTERMHey there! When we take a look at the weekly timeframe, we can see that the price has taken a dip from the $4.80 range and has now reached the $3 support level due to some selling pressure. At the moment, it's trading within the range of $3.56, showing a period of consolidation with a positive response to the support level. Looking ahead, there's a possibility of further price correction in the long term. Let's explore a scenario in the weekly timeframe: The price could Potentially continue correcting toward the price targets of $2.80 and the Fair Value Gap (FVG) range of $2.60, accompanied by price fluctuations. By Keeping an eye on the support levels and observing positive price movements on lower timeframes, we'll gain better insights into The continuation of the price trend. To better understand how the price will move in the future, it's important to pay attention to how it reacts to the support levels. On the other hand, if the price breaks below the significant support level of $2.60 and remains stable below it, we might see a further price correction. Just remember that the key resistance levels in the weekly Timeframe are $4.20 and $5. If you have any more questions or need further clarification, please feel free to ask. ❎ (DYOR)...⚠️⚜️ If you like my analysis, please Like and comment.🙏✌️
by SasanSeifi
8
BluetonaFX - Forex Weekly RecapHi Traders! Forex Weekly Recap for 14–18 August, 2023: Fundamentals The Reserve Bank of Australia (RBA) released the minutes of the August 2023 policy meeting, where the central bank kept the interest rate unchanged at 4.1%. The key notes from the meeting were: The board considered raising rates by 25 basis points, although they saw a more credible path back to the inflation target with cash rates at the current 4.1%. The need for further hikes would depend on data and the assessment of risks. The board agreed it was possible some further tightening might be needed. Inflation is heading in the right direction, though service inflation is still too high. The Federal Reserve's Kashkari noted the steady progress on inflation in the US due to the positive inflation readings but stated that inflation is still too high and that he remains wary of the risks of letting go too early, as they do not want to make the same mistakes as they did in the 19070s when they stopped hiking interest rates too early. He did also note, however, that at some point next year, the Federal Reserve may need to lower rates and that the economy is currently exceeding expectations. The Reserve Bank of New Zealand (RBNZ) kept the interest rate unchanged at 5.5%, as expected. Key notes from their policy statement were: New Zealand's economy is progressing as anticipated. Headline inflation and inflation expectations have declined, but measures of core inflation are still too high. The Committee is confident that with interest rates remaining at a restrictive level for some time, consumer price inflation will return to within its target range of 1 to 3% per year. In the following press conference, RBNZ Governor Orr noted that he is encouraged to see inflation fall, although it is still too high. He also noted that they are very comfortable with where the current interest rate is and that there was not much discussion of a rate cut; therefore, it was easy to reach consensus on the unchanged decision. The Federal Reserve released the minutes of the July FOMC meeting. The key notes were: Most participants said inflation risks could require further interest rate hikes. A number of participants warned of the risks of accidentally tightening policy too much. A couple of participants favoured holding interest rates steady at the July meeting. Most participants said inflation was still 'unacceptably high,' and more evidence is needed to be confident that price pressures are diminishing. They no longer see the economy entering a mild recession this year. A number of participants said the labour market is still 'very tight,' although signs are emerging that labour demand is in better balance. Key Data Australian wage data for Q2 came in worse across the board: The Wage Price Index Y/Y came in worse at 3.6% vs. 3.7% expected and 3.7% prior. The Wage Price Index Q/Q came in worse at 0.8% vs. 1.0% expected and 0.8% prior. The UK July Jobs Report showed another increase in wage growth, with the unemployment rate rising again. The unemployment rate came in worse at 4.2% vs. 4.0% expected and 4.0% prior. Average weekly earnings came in better at 8.2% vs. 7.3% and 7.2% prior (revised from 6.9%). The US July retail sales came in better across the board: Retail sales M/M came in better at 0.7% vs. 0.4% expected and 0.3% prior (revised from 0.2%). Retail sales Y/Y came in better at 3.17% vs. 1.5% expected and 1.6% prior (revised from 1.49%). The UK July CPI figures were mixed across the board: CPI Y/Y came in expected at 6.8% and 7.9% prior. CPI M/M came in worse at -0.4% vs. -0.5% expected and 0.1% prior. Core CPI Y/Y came in better at 6.9% vs. 6.8% expected and 6.9% prior. Core CPI M/M came in better at 0.3% vs. 0.2% expected and 0.2% prior. The Australian Jobs Report figures came in worse across the board: Employment change came in worse at -14.6K vs. 15.0K expected and 32.6K prior. Full-time Employment came in worse at -24.2K vs. 39.3K prior. The unemployment rate came in worse at 3.7% vs. 3.5% expected and 3.5% prior. The US initial jobless claims came in better, while continuing claims came in worse. Initial jobless claims came in better at 239K vs. 240K expected and 250K prior (revised from 248K). Continuing jobless claims came in worse at 1716K vs. 1700K expected and 1684K prior. Japan's CPI Y/Y came in better at 3.3% vs. 2.5% expected and 3.3% prior. The UK retail sales came in worse across the board: Retail sales M/M came in worse at -1.2% vs. -0.5% expected and 0.6% prior (revised from 0.7%). Retail Sales Y/Y came in worse at -3.2% vs. -2.1% expected and -1.6% prior (revised from -1.0%). Technicals The US dollar had gained some ground against its major counterparts across the board this week. AUDUSD 1W Chart AUDUSD has broken its 2023 low at 0.64583 and is approaching its 2022 low at 0.61702. The symmetrical triangle on the 1W chart was broken to the downside, and if the 2022 low of 0.61702 is also broken, then the long-term target level will be the psychological level of 0.60000. USDJPY 1W Chart A strong start to the week for USDJPY as the pair broke the 145.073 resistance level and also broke 146 before finding resistance at 146.564. The market is now on a pullback and is trading back in the 145 area; 145.073 will most likely be support now. EURUSD 1W Chart EURUSD is approaching the bottom support line of the rising wedge. We are looking for swings with less momentum and for them to have lower highs and lower lows to show signs of possible reversal and break the wedge. GBPUSD 1W Chart GBPUSD's potential head and shoulders pattern is still forming on the 1W chart; the head and left shoulder have been formed, and the right shoulder is now forming very well. The market has now reached the 20 EMA support; therefore, the reversal of the bullish trend may come quicker than expected. The 1.26800 support has not had a close under it for 2 months, so for the potential reversal to occur, there must be a break and close under 1.26800. The key focus for the upcoming trading week will be: Wednesday: New Zealand Retail Sales, Global PMIs, Canada Retail Sales Thursday: US Jobless Claims We will be back with another Forex Weekly Recap report next week. Best of luck for the upcoming trading week ahead. Trade safely and responsibly. BluetonaFX
by BluetonaFX
6
USDCHF WEEKLY FORECAST - WB: 24/07/2023This is my analysis for the Pair USDCHF, week beginning 24/07/2023. As shown by the change of character on the 4 hour chart, USDCHF is now ready to return to its original point from where it broke, I have drawn out a POI and I expect the price to keep falling and reacting off of it and going to the next significant point. I would suggest to search for longs this coming week on the USDCHF especially where breaks towards the up occur. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Long
by saintprincevvs