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Weeklyanalysis

Bears May Still Run Strong This Week....The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish. As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with JPY news happening. So we'll play this trade out in this little area to see which zone it will break out of first: the daily 76.058 zone at the top, or the weekly 73.711 zone at the bottom. BULL TPS: • 74.936 • 75.460 • 75.960 BEAR TPS: • 74.025 • 73.757 • 73.131
by NikaJourney
Will We Make It And Bounce From The Daily Level Again?UC looks like it's making a move to the daily 1.30357 zone one more time to see if it can get through or bounce up once again. Got a strong trendline crossing through the weekly 1.32539 zone, so not sure if price will be strong enough to get through it this week. As always, I left TPs if something in the news jukes it up. For now, I'm trading with the overall trend. BEAR TPS: • 1.31621 • 1.31090 • 1.30446 BULL TPS: • 1.32403 • 1.32808 - if it can break up and through the weekly zone • 1.33264
by NikaJourney
Bullish Slant May Be Just A Large FlagThis move is a large slant, which is hinting this can possibly flag. So the bullish continuation may only move just to the monthly zone then continue to take a dip. If not, we'll keep ticking on up to the target BULL TP. For the bearish, looking for the break of the trendline to play out for those TPS and keep going all the way down to the daily 1841.89 level. BULL TPS: • 1911.36 • 1924.42 (if TP2 is passed and retested as support) • 1931.37 • 1945.68 BEAR TPS: • 1888.42 • 1867.66 • 1848.82
FX:XAUUSD
by NikaJourney
6
GOLD - WEEKLY ANALYSISGOLD - On daily candles it is expected to go down at the moment, based on triangular pattern and price action it's in a SELL ON RISE condition. My approach will be a short sell here at current price 1888, If it's moving up 1895 around I will sell more Maintain Stop loss around 1907 Potential downside target 1865 - 1845 Follow the levels as mentioned. 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
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
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
Consolidating Getting Ready For A Bull Run?This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 • 1.79466 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
Bearish Harmonic May Resume to Complete A Bigger Formation....I actually took this trade last week when I saw a harmonic setup while cruising the charts. This harmonic may still be respected this week. Scaled up to the daily and saw what looks like a giant inverse head, neck, and shoulders forming. So TPS are based on both the harmonic and when the move may be complete. BEAR TPS: • 1.72928 • 1.71914 • 1.70498 BULL TPS: • 1.73973 • 1.74797 • 1.76834 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
GBP AUD - Long activatedHello traders and analysts; What can we see? On the Commodity currency side 0.740x targets in AUDUSD were hit- but then after a new high, the Dollar came into play during new york to provide some fresh liquidity. The GBP also saw some pullbacks against the Dollar and Yen alike to create some discounted buys for bulls. The order flow is in effect. The concern surrounding GBP Brexit is ever closer to forming - where highs of 1.40 could be in swingers favour, but keep in mind the structural low when the dollar becomes stronger over the winter months as markets in the US begin to shake over the election. GBP can be shallow losses to buy dips at present but longer term - anticipating discounted dollar vs pound. Technicals: What can we see technically? - Daily bearish but breaking momentum short in the channel - price has been ranging alot between 1.805 - 1.84 highs. - weekly range formed to created a new structure high and price has now tested the 38.2% fibonacci retracement to show signs of bullish price flows against the Aussie. - Price trapped all the sellers yesterday dipping to 1.81, but retracement aside - price is now adding longs. - strong Aussie and Strong GBP - bounce from the demand zone - this has now been completed - we can see the trend beginning to add long positions to correct - this has now occurred. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed and a reversal to the upside - this has been boosted by GBP Tuesday as of writing. -AUD USD ranging market looking to break 0.74+ for upside strength in the middle channel. - COT report in favour of GBP now with longs added and shorts closed in the past few weeks however, risk off will shift sentiment to immediate bias. Fundamentals Aussie is a commodity currency so is highly affected with exports of natural resources, Gold , Oil , Grains, Copper etc. Victoria lockdown has caused issues for the restart of the border openings - premiers still in talks to resolve border openings USD outlook affects the progress of strength for Australia. Coronavirus within the US sees an affect on the economy for the US as a result affects directly Australia where the index correlates. USD sees 1Trillion package for stimulus package - but no agreement - COVID update still lacking. GBP - lacking a trade deal can affect the GBP on the world stage - but positions are being added so this is good for the GBP gaining strength against majors, however with the Aussie struggling with Dollar correction and GBP strength in orders, the Aussie will be unfavourable in the pair. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Many thanks for your support to our existing and new followers. Much appreciated Thanks, Team Lupa.
Long
by LupaCapital
1
Weekly Analysis Resumes This WeekHey all! Been a bit under the weather recovering from injury. I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week. Here's how I view the charts: I'm looking to see if I can find the price's overall move for the week with each pair. TPs will be posted based on how far I think price will move before it does a pullback or continuation. I don't pick one direction since market and world news can be unpredictable. The sole focus as a trader is to get in front of the move by using the zones I mark for entry and exits. Need more help? Leave a comment or direct message and I'll respond to messages each day. Let's Make Some Money Traders! Much Heart
by NikaJourney
6
BTCUSD Overvalued Measured In Gold + Retracement To Fill GapBTCUSD looks overvalued when measured against Gold XAUUSD. Divergence can be seen on the weekly chart from two different points in the past. There is also a gap that has formed in the BTC futures market that also needs to be filled. So i'm hoping these two factors combined will offer a pullback in BTC to at least fill the gap somewhere between $9,500 - $10,000. Note we need the weekly candle to close bearish to confirm this divergence.
BITSTAMP:BTCUSDShort
by jaepayne