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US Dollar Currency Index / W / Weekly Forex Analysis / 6.2.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 2nd, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, overall the structure still remains pretty bullish as long as were above the 97.465 support and resistance area. We also had the talk of additional tariffs going against Mexico, which could certainly trigger this to move upwards towards the 98.687 resistance area. If we break above the 98.6 area look for the next target area which would be 99.451 support and Resistance zone. If the DXY starts to lose momentum and turn bearish by losing the 97.465 area, we would be looking for a retrace back to the 96.493 region.
INDEX:DXY
by FuturesForexClasses
Long Term Direction GBP/USD? Weekly Head & Shoulders Fib RetraceI have mapped out this clear head and shoulders pattern on the GBP/USD Weekly timeframe. We can see I have placed the neckline in so we know what sort of area we want price to break to confirm this new downtrend. I have also placed a fibonacci retracement in from a significant high & siginificant low. We can see price has been rejecting the 38.2% level which suggests that when this price moves it will be aggressive to the downside. Very interesting also that the target level for the Fibonnaci is also bang on a key are of monthly support (1.20000) I will be personally monitoring how this pair reacts in the up coming weeks to key areas.
Short
by FXEntries
GOLD: Preparation for the week! Looks very BULLISH!OpportunityHey tradomaniacs, welcome to the weekly outlook of GOLD. Overall we still see a correction between two very important price-levels. We can consider that the market does continue the rally unless the stock-market climbs aswell. Sentiment: What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low. This almost flat-type-correction in form of a falling wedge which retraced almost 38,2% of the impulse is actually a joke compared the price-run of indicies such as SPX500. But still... we see very low volume and probably a fake-rally. Anything else I want to say is shown in the chart! What do you think will happen? Have a great start into the week! :-) ----------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:GOLDLong
by Trading2ez
BTCOIN and WHAT we NEED for a BULL-RUN!#OverviewHey cryptoheads, welcome to antother analysis of Bitcoin. In this chart we keep it very simple and look at the price-action, time-cycles and commin indicators. All I want is to make sure that you guys don`t freak the hell out and buy the peaks. Stay calm and rational in order to make good decisions. In order to see a wealthy uptrend we need to see the folowing things: 1. S&R-Flips of Trendline and FAN. 2. A cross above the respected 50 M/A. 3. A strong bullish Time-Cycle 4. Higher Highs and Higher Lows Everything else I wanna say is indicated in the chart. Good Luck everyone. Let`s hope the King is Cryptomaniac has recovered. :-) ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
COINBASE:BTCUSD
by Trading2ez
1
BTCUSD Weekly Analysis @ 24 June '18 | 2018-2022Idea becomes valid once weekly closes below ~$5845 with a confirmation on the monthly. Ath will not be breached this year, I cannot see it. Probably also not for coming years, because after bear market comes accumulation, before a very slow bullrun. Bitcoin is going to rush for the next bottom it seems. Sharp selloffs, very weaks pullbacks and faster than I've expected (which doesn't forebode well - because I can foresee many new crypto traders think 5k will probably be the bottom for ever, then does good dead bounce before dumping harder), hence the need for a new chart, despite the older one was on track going to target, but I've changed my mind that the real bottom is not 4.8k, not 3.3k, but most likely close to or lower than 2k, because the chart is showing that, the structure has changed. If close above, than there is still possibility for 13k once break 7.6k, then 8.3k, then 10k, Else there can be a bounce at ~5k to around 7.6k or even up to 12k (this probably is last sell opportunity and exit before market collapse) + expectation 1.6k to 2k. Ideal place to buy and add to inventory probably at 1.3k, if it's in accumulation zone (tight/flat price action). Possibility for 3 digits exists. I think the big sell off has not started yet, because the triangle is still intact. We didn't made a newer low and did not reached market failure at $5925 on exchanges other than bitfinex and bitmex. I see more people use bitstamp chart instead of bitfinex and bitstamp retained the higher low. If that is breached, I expect a lot of stop losses being triggered, longs from months ago up till now being liquidated and a sharp fall followed by a pump, then more dump for many months to come. Companies will sell their inventory and bagholders will panic sell, it will bleed for another year until it finds a bottom. Again, this idea is not valid and activated if the triangle holds, important to remember. Just follow the lines and trend. Please do not comment about fundamentals, I'm well aware of it probably before you even heard about bitcoin. The speculation about big money is already factored in the price and since bureaucrats are slow and many exchanges have problems of their own, I don't expect anything big coming in for coming years to break all time high.
BNC:BLX
by CryptoSwindle
73
Weekly prediction for AUDCAD My analysis are based mostly in H4. This week I'll be looking to take a sell on AUDCAD, let me explain why: Monthly: Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more. Weekly: The same as monthly, it's looking really bearish, respecting the triangle. Daily: For more bearish signal, in the daily chart we can see clearly the bullish trendline is broken. H4: Like the daily chart in the H4 the bullish trendline is broken is ranging in the 0.99000 monthly S/R line. I think is more probable for it to go down path B because of break + retest and rejection of the trendline + triangle on the monthly and weekly, but still, anything can happen and it could go up, we'll see.
by arocha.daniel3
GDX WEEKLY CHART -- MINERS BREAKOUT, CASH WONT BE KING FOR LONGWith all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) My target area Short Term is 25-28: - We have the 23% fib retracement from our move down from our All Time Highs in 2011. - Weekly 200 ma - Solid price action (horizontal black lines) - Broke out of our channel to the upside that start in June 2013 -- If tomorrow (April 12th) holds above this channel, that's when I shoot my final bullet - The top of our bigger channel is in this area Feel free to comment with questions or ideas :) Happy Trading!
AMEX:GDXLong
by AwareBear
GBP/USD MONTHLY/WEEKLY ANALYSIS. LONGOverall analysis. The current movement of this pair would suggestion a continuation in the downward direction, coming extremely close to the pairs historical bottom (1.35000). If this level breaks i'm not too sure as to where it will stop. At this point I believe the fundamentals will play a bigger part in predicting or suggesting a new bottom. Britain's decision to either stay or leave the EU will be a big mover. Monthly/Weekly Analysis ( I will attach the monthly chart) With a break of the WeeklyTrendLine we can look towards a push up to our current level of weekly resistance (1.46194) sitting just above the 0.236fib level (1.46060). On a break of the 0.236fib level the pair will be looking bullish with a confirmation being a break of the MonthlyTrendLine. With that break the pair will be looking to push just past the 0.5fib level (1.54831) to about (1.55739). If we don't get that initial break of the WeeklyTrendLine then look for the pair to continue to follow the trend down towards the MonthlyBottom (1.34983) Entry: (Monthly/Weekly) Break of the WeeklyTrendLine around (1.42000 - 1.42500) Exit : (Monthly/Weekly) First exit at 0.236fib level (1.46060) to weekly resistance (1.46194). Following strong bullish movement, we have second exit levels at the 0.50fib (1.54831) to (1.55800) Risk: (Monthly/Weekly) A return to the daily level sitting on (1.40702)
Long
by NathanSaunders
WEEKLY ANALYSIS (2nd Nov 2015) - UsdChfHonestly, this setup can or cannot happen this week. But none-the-less its very good setup to keep an eye on this. There are three harmonic patterns namely Bearish Bat & Bearish Butterfly & AB=CD is in making. And just above the termination of this patterns, we can find supply zone. With my beliefs from what I see in USD index, I m speculating idea that USD will get weaker soon or later. Keeping all this in mind, my speculative position is UsdChf short in coming days. =)
by FxSaint