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Weeklyanalysis

#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
#eurusd - Weekly outlook I have been asked many times now if I can have a look at EURUSD on a long-term base and give my opinion. Here we go. Within a strong correcture, EURUSD has made quite a way down the last two years. At the moment the currency pair is in the middle of a range and found so far good support on the Yearly S1- Pivot and has managed to come back above the Quarterly Pivot. To give this a shape: 1. The big support is the Yearly S1 Pivot (1.09), if broken down, 1.04 comes into reach as a low target. 2. The big resistance sits around 1.11, if broken 1.16 and then 1.19 are the high targets 1 and 2. Watch those levels carefully, at the moment there is some space upwards shortterm. Got you in two important trendlines. Have a very good day. Neru
by Gl4diator
NZDCAD – Buyers might go furtherNZDCAD – Buyers might go further Trend : Buy/ Neutral Support/Resistance: R2: 0.85569 R1: 0.84961 S1: 0.84298 S2: 0.83689 Price action: Buyers reacted very strong from the last news announcement, but still they have to break R1 level, to prove their dominance. Price might reach first R1, and then we'll see how sellers will react back on lower timeframe. We need more answers, because news is not always number one fact we get in this game. Potencial trade idea: Bulls targets: T1 = 0.84961 Bears targets: T1 = 0.85569 NOTE – We are trading NZDCAD via the preferred trading setups. ELITEFXACADEMY Disclaimer2: 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.
Education
by EliteFxAcademy
AUDCHF – Previous week was crazy, from both price action and newAUDCHF – Previous week was crazy, from both price action and news announcement Trend: Buy Neutral Support/Resistance: R3: 0.68363 R2: 0.67923 R1: 0.67621 S1: 0.67227 S2: 0.66872 Price action: Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers can handle above R1 then next potencial Sell is at R2 to test again R1. This trade is a very tricky, but good for education. Potencial trade idea: Bulls targets: T1 = 0.67227 T2 = 0.66872 Bears targets: T1 = 0.67923 T1 = 0.68363 NOTE – We are trading AUDCHF via the preferred trading setups ELITEFXACADEMY Disclaimer2: 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.
Education
by EliteFxAcademy
[b]GBPJPY – trending depends on breaking this range and Gbp perfGBPJPY – trending depends on breaking this range and Gbp performance. Trend: Strong Buy Price action: Buyers still didn't show any power. If we compare lower timegrame, then sellers are in much better position in compare to buyers. Overall market is still in buyers trending, but in any chance be aware of any break that wil happen. Potencial trade idea: Bulls targets: T1 = 140.699 T2 = 143.270 T3 = 145.741 Bears targets: T1 = 137.227 NOTE – We are trading GBPJPY via the preferred trading setups Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: 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. ELITEFXACADEMY
Education
by EliteFxAcademy
[b]USDJPY – USD potenicial buy[/b]USDJPY – USD potenicial buy Trend: Strong Buy Support/Resistance: R3: 111.068 R2: 110.240 R1: 109.718 S1: 108.969 S2: 108.647 S3: 108.325 Price action: We've been same in this trade from previous week because of buyers good momentum. The end of week end up at great position for potencial buy side. If something will change then follow risk management rules from elite strategy lessons. Potencial trade idea: Bulls targets: T1 = 109.718 T2 = 110.240 T3 = 111.068 Bears targets: 108.325 NOTE – We are trading USDJPY via the preferred trading setups Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: 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. ELITEFXACADEMY
Education
by EliteFxAcademy
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
Education
by MP4
1
BTCUSD Weekly Candle Close| EMA's Crossing | Weekly Higher Low?Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major structural support at $6000 level - Local resistance at .236 Fibonacci - Stochastics projected downwards - RSI testing support - Volume declining - EMA’s crossing Trend is still bullish on weekly until trend line is broken, price did fail to make a higher high on first attempt due to local resistance at the .236 Fibonacci level. Bitcoin needs to break this level to put in a higher high to continue this trend. However, there are a few bearish signs that need to be considered, Bitcoin is currently forming an indecision candle at a very critical point, and it is below the EMA’s and at the psychological level of $8000. Major structural support will be tested if the .618 Fibonacci level does not hold, it is probable for a bounce to come to fruition here due to its historical significance. The stochastics is projecting downwards momentum, it can stay here for an extended period of time if this bearish scenario was to play out. The RSI is testing a key support area, where a bounce will dictate a bullish scenario playing out and vice versa for the bearish scenario. Volume is well below average, this usually means that a volatile move in any direction is highly probable. The EMA’s are crossing bearish, this is a very bad sign for the bulls as the EMA’s has held BTC support throughout the whole bull market. A cross will be very bearish and will most likely push Bitcoin to lower levels… What are your thoughts on Bitcoin’s current price action? Will we break bearish or bullish from this psychological level of $8000? Please leave a like and comment And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
BITFINEX:BTCUSDShort
by AzizKhanZamani