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Trend-analysis

XAUUSD (Gold)- Price Analysis Last week we saw that price didn't trend hard in one direction but with all the major fundamental events that occurred price action ranged between 1265 area and 1280 with a brief stop hunt at 1285 to clear the board of sellers and grab liquidity for the push down at NFP last Friday. Even negative NFP numbers were not enough to push Gold prices higher, with a future rate hike for USD in December already being priced in Gold moved lower. This week fundamentals are a lot lighter with just a few central banker speeches (could see price swings during these speeches) and a USD bank holiday on Friday for Veterans day. This could possibly give us some trending price action with continued movement in the current direction. Contracts look like they have been accumulated during last week so possibly we could see a breakout of this range with the bias being to the downside. First target would be the 1260 area and a break of that could take it lower to 1250 support. If price breaks the 1280 cleanly I would stop looking for sells. The two scenarios that price could play would be (A) go for a retest of the broken support just above 1270 then down to the major support at 1260 or (B) a continued move down to 1260 zone, accumulate contracts and then bounce or break. Watch the correlations with other USD pairs to determine the strength of the dollar.
OANDA:XAUUSD
by nick.trader4
XAUUSD (GOLD) MARKET ANALYSIS- Major Fundamentals This Week Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend. This week could be somewhat unpredictable with the amount of fundamental events on the calendar to end this month and start November, we could see some volatility. The major areas for this week to watch for me would be 1280 as resistance and 1260 as a major support which was made off a bounce from last month NFP results if I'm not mistaken. So to determine further price direction a clean break of one of these areas would be confirmation. Surely its possible for it to happen this week as there are many high impact fundamental events including interest rate decisions by the FED (USD) and BoJ (JPY) which will have a huge impact on Gold. Also its NFP on Nov 3 which again will rock the USD and then there are other major events for CAD, GBP and AUD. Trade Safe!
OANDA:XAUUSD
by nick.trader4
ARK/BTC Cheat AnalysisOh Arky Arky Arky.... What a horrible downtrend. Honestly, one of the most manipulated coins, next to OKCash. This coin can absolutely crush your nerves, and put you in loss after loss if you are not careful. Fortunately, I've developed a pretty sound method for making money off this dirty little ****. The trick I found is to draw a support line that is a bit above the average support on the downtrend. As you can see, I have already drawn it to show you. Now after drawing this support line, just buy underneath, and sell above at around 5-10% or when they throw the sell wall back on to manipulate it. That's it. No more guessing. Another good rule to keep in mind with Ark is that if you are near the 24 hour low, it is definitely a great time to buy, because this coin likes to bounce back after reaching new lows. However after bouncing back a bit, whales like to manipulate again after selling off their cheap ark that they purchased whilst manipulating it down. At this time, a great buy on Ark would be around 57,500-58,000 Satoshis, sell price 60,000-62,000. Anymore and you are playing with fire. Tbh I am not hodling for the long term on Ark myself, however I know that lots of traders are hodling it long term in hopes of it pumping again. I don't really see that happening for a while, but I do see it consolidating around 55,000 satoshis especially if the whales keep manipulating it. Long as you buy under the support line of the downtrend, then you should be able to make some nice profits with Ark.
by goneviralnetwork
18
Bitcoin Litecoin Ethereum to dump this weekend? I am not suggesting it will happen, but I am seeing some of the leading cryptos (Bitcoin, Litecoin, and Ethereum) poised to dump this weekend. In addition to all remaining in bearish chart patterns: -Ethereum has fallen below .618 fib retracement and the $275-$280 support level. -Bitcoin has dropped below it's longer term bullish channel yesterday evening -Litecoin has dropped below it's 6 month bullish channel yesterday evening They all seem to want to move down and touch our 200 MA. And while Ethereum and Bitcoin have some big supports to work through until they get there, Litecoin has easier work of it and very well could get there in the next days/weeks. Whether they dump or not this weekend, I think the downward trend has definitely been validated on my charts and until we escape these bearish wedges/channels, I, for one, will not be looking to reposition just yet. Greater discounts are on their way!
COINBASE:LTCUSD
by stewdamus
4
LONG TERM ANALYSIS - GBPUSDHi All, Been away from the charts for a while, but back with with an analysis on GBPUSD. As you can see from the chart my bias is pretty bullish on this pair. We're currently within a bullish channel, where price has broken an ascending wedge and printed a new higher low at the channel resistance (1.28 region), which is where I entered long on this pair using a setup on a lower time frame. Following that, we have now just broken above the psychological level of resistance at 1.3 and closed fairly convincingly on the daily giving the pair free reign to the upside. For upside targets I'm hoping to see this pair hit the recent highs around 1.32700 and then given that the -27 fib extension at 1.34500. Not really short on this pair unless it melts through the channel and even if it does I shall be prepared :) Hope this analysis proved useful to anyone reading, feedback is always appreciated..
Long
by akv93
USD/JPY Breakout Season! Didn't get to post an analysis last week as I was gone on vacation and wasn't very active in the markets. The analysis from two weeks ago called for a period of consolidation for USD after a long downtrend. The consolidation occurred between two major zones. Now that orders are present in the market the trend still looks to be down based on the higher timeframes (daily,weekly). This week I could see a breakout occurring either up or down (most likely). I have plotted my zones based off daily/ 4hr charts based on price action. Safe haven assets are on the rise as well as equities have dropped fairly recently, this has caused bullish momentum in Gold and the Yen. That being said I expect the negative correlations of USD/JPY drop for a rise in Gold; 1300 seems a fair target to the upside if all goes bad for USD expect price to break this level after it was tested earlier last week. Also a stronger yen will cause GBP/JPY to continue its trend after a brief consolidation period on the way down. However we could see price rise for liquidity before these moves take place. Fundamentally the USD has been weaker due to the recent FOMC reports and Fed decisions also geopolitical issues as well as civil issues.This week on Friday we will have the NFP report, last months NFP was positive and USD went up nicely and showed a bit of life in what was the continuation of a downtrend. This weeks NFP could be positive or negative based on the data. USD could melt possibly as everything seems stacked against it right now but we still have a weeks worth of price action to play out so it all depends on order flow. We will get a really good idea of where price is heading once this week is over as we should have a breakout direction with the added volatility of NFP week fundamentals.
by nick.trader4