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Weeklyanalysis

Week Results: Virus, NFP, Pound & Investor ConcernsA week in the financial markets was held in the chronicles of the coronavirus. The epidemic is still under development. The number of deaths exceeded 700, and the number of deaths approached 40,000. A number of quarantined cities in China, many plants are idle, are already starting to disrupt the functioning of the global economy: some companies outside of China cannot continue the production process, since components from China do not arrive, some ( like Toyota and Honda) temporarily shut down their Chinese capacities and sharply lose in production volumes, some (like Apple) close their stores in China. And if on Monday and Tuesday last week, the markets still tried to pretend that they did not notice this, then towards the end of the week even excellent NFP figures could not inspire American investors to buy on the stock market. And although the VIX Fear Index fell by 15% over the week, there is a feeling that the time of unbridled euphoria in financial markets is coming to an end. And this means that now is the time to start opening short against risky assets. Moreover, the markets marked the highs, respectively, the points for placing stops are obvious, and the stops themselves are small especially with respect to the goals that can and should be set. The week as a whole turned out to be very successful for the dollar and ended on a major note: NFP figures came out well above market expectations (+225K with a forecast of +165K). In principle, employment data from ADP (+291K) were prepared by the markets for good numbers, but until the very last it was difficult to believe in them. The overall view was somewhat spoiled by weaker than expected growth rates of hourly wages, as well as unemployment, which went above forecasts. The main losers in the foreign exchange market were the euro and the pound. Traditionally, the reason for the sale of the euro was the weak macroeconomic statistics from the Eurozone. So German industrial production in December literally collapsed by 3.5% during a month, recalling that the recession is not just an economic term, but also one of the aspects of reality. As for the pound, the pressure on it was due to growing fears that the UK and the EU would not be able to agree on a trade agreement until the end of 2020. Our trading plan for this week is next. We continue to look for points for purchases of gold and the Japanese yen anyway (unless an ultra-effective vaccine is found and the epidemic of coronavirus is quickly over). We will wait until the euphoria around the dollar subsides, and we will look for points for its sales. The pound is not bad, the Canadian dollar looks interesting. We won’t touch the euro - the single European currency seems too toxic in the light of the latest data from Germany. While oil is below 51.20 (WTI benchmark) - we sell it with stop-flips above 52. In general, the situation with oil looks rather uncertain. OPEC +’s decision to expand the decline in oil production by 600K bd is, under normal conditions, the strongest bullish signal.
Short
by Trade24Fx
GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
TSX:GWOLong
by Zacmando
1
EURJPY – Price is at waiting bullish momentWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. EURJPY – Price is at waiting bullish moment Trend : Strong Buy Support/Resistance: R5: 124.680 R4: 123.517 R3: 123.392 R2: 122.526 R1: 121.751 S1: 121.354 S2: 119.996 Price action: This currency pair is at the moment on very strong bullish edge. Because we can't decide yet, it is better to wait for finnal Elite strategy sign. For everyone who is not yet Elite member we recomend that price broke First resistance level and then test Second resistance level. If Buyers are able to break second important resistance level which is marked as last daily higher high, then price is expected to see following targets. Potencial trade idea: Bulls targets: T1: 122.526 T2: 123.392 T3: 123.517 T4: 124.680 Bears targets: T1: 121.751 NOTE – We are trading EURJPY via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
#EURUSD Top Down Fibonacci Confluence Weekly AnalysisHi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen. Hit the like button and leave a comment if you find a value in this analysis or have any query.
Long
by vikinsa
#GBPUSD - Watch 38.2 Fib For Short & Long - Weekly AnalysisHi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking profits on short trade and going long. Please like, follow and share if you find value in this analysis video
Short
by vikinsa
#EURUSD Positioning For Huge Rally - Top Down Weekly AnalysisHi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on multiple time frame for accurate entry, stop and exits. Please like, follow and share if you find value in this analysis video.
Long
by vikinsa
BTCUSD Bearish FormationBitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) . The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and fake the breakage. 2D Stochs are rejected by the Bullish Control Zone: The VPVR on the $6000 horizontal has the last node of the populated area: Hidden Bearish Divergence on 2D RSI(14) is present: Although the Divergence is present in the Bearish control zone and it's a Hidden . So I don't put too much weigh on that. But it can drive the price to the bottom of the range and the horizontal support which is approx. $6800 . So after all, if BTC Close a 2D candle below $6900 , the downside chain reaction would be started and could bring it the low $6000 . From there probably a bounce and ranging ( and even downside continuation ). But before all this BTC could pump from here to the upside of the channel but if this happens nothing will change all of this because the Weekly is on a DownTrend . when a Weekly candle closes above $9600 it would make a Higher High on the Weekly scale, but until then the Weekly and higher time frames are bearish . -Hashem
COINBASE:BTCUSDShort
by rhawshemi
2