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Weeklychart

EUR/CAD: Bearish trend!!! Plan to trade!!!Euro/Canadian Dollar it's continue downtrend and we see that we can to get a big opportunity to trade this par. As we break down this simetric triangle of distribution, EUR/CAD it's going to down and we hope that going to end the formation of this ascendent triangle that we formed in monthly timeframe. Another possibility it's into this ascendent triangle, we can to see a bullish channel, that it's so interesting to trade in short position in this par. I will selected this par to trade in Prime XTB for the next week becuase the trend in weekly chart it's so claearly to sell.
Short
by harisonhbn9718
Australia [ASX 200] - 2021 weekly chartPurple = weekly Blue = Monthly Orange = Daily Hello Traders and Analysts, The following analysis will be in depth to explain the out look of the Index and Based on what merit? Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials. The Australian economy is commodity based but also well suited to self-sufficiency in some aspects from raw material production, construction but relies on Tourism and exports to keep the Aussie afloat. With the ASX correlated with the S&P500 - we expect the ASX to over extend the Fibonacci targets to the upside into 2021 upon the global recovery. XAG We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities . However, this produced a demand zone to hold from so we have a buying opportunity. This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. The long term wider chart is available below; XAU Daily longs are still in play after Weekly longs Monthly long Retrace is occurring on the weekly time frame - but can this be building up Fibonacci level aligns of 50% around 1939 and 61.8% at 1907.00 USD. This retracement zone will show a great long identification Retrace needed to to confirm liquidity from the strong demand. Current market at play for XAU USD S&P500 from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low. Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect. The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line. The current bullish momentum will be created from the stimulus coming further into 2021, presidential change and USD index or DXY being suppressed. This projection offers the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations . 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 through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand. If you like our work, please leave a like or comment. Many thanks, Team LVPA.
ASX:XJOLong
by LupaCapital
1
ETHUSD within $100 of retesting its athThe next resistance for ethereum is the retest of its alltime high (marked here with this horizontal yellow line). It may blow quickly past this resistance in a similar fashion to how bitcoin did after retesting its 20k all time high but there's also a more probable possibility that it would be rejected here and start to form a handle to complete this picture perfect cup that it will have completed upon the ath retest. I plan on buying whatever dip comes out of the ath retest and am hoping to see at least a 20% retracement but hopefully even more. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
2
Overview Market Analysis: Great Britain Pound still bullish!!!In this macroanalysis, we see that Pound still bullish against the U.S. Dollar and then, the inflation of the U.S. Dollar it's another siganl that FED ccontinue unstable the U.S. policy market. That it's a big warning to invest in United States, as the correlation on Bitcoin it's the same of Great Britain Pound that continue bullish. So, we are in the bearish cycle for the U.S Dollar and bullish cycle for the Great Britain Pound. Now, looking in weekly update, I put a new important key trend line support that Pound still bullish. My next target will be the $1.43 USD. That it's so amazing to know it and put a long position in GBP/USD with good lots to make near of 800 pips. But,if you're looking in monthly chart, the trend on Pound it's so bullish and I have a forecast that Pound could reach up toward the $1.62 USD. What do you think about this overview? Could Pound continue agains the rival U.S. Dollar, and America could to have an issue to collapse the economy based in the more inflation?
Long
by harisonhbn9718
1
BTC retests ATH on several exchanges; completes cup of C&H.even though we could have still completed the cup of this weekly chart cup and handle at the previous high around 19.6k or so btc has made it an even more text book cup by retest the ath on several exchanges. Technically the highest we went in 2017 was 20k here on the gemini exchange and while we haven't yet retested that we have retested the ath that was reached on exchanges such as bitstamp and bitmex. We could still retest 20k first but as it sits currently it is a textbook cup so I anticipate we could very likely see a big correction here in the coming week or 2 if we do that correction could go deep enough to fill the cme futures gap around 9.6k however i will start laddering in longs around a 35% correction or so laddering in much more if we reach 40% and from the will ladder in a little more for each additional 5% we drop from there. I don't anticipate it dipping lower than 9.5k but it may rebound well before that and prevent me from opening any longs at all...this is just my personal strategy and not financial advice. Also, even though I anticipate a retrace/ significant correction here I will not be shorting myself as it is a bit of a dice roll to try and shot btc during a bull market. I instead will wait for an opportunity for a good risk to reward ratio on a long. One last thing to note: we just had the highest monthly candle close in btc history...a very bullish development indeed.
GEMINI:BTCUSD
by DrDovetail
2
BTC can begin its big correction here & still form Cup & HandleA lot of people are anticipating a retest of the ATH which is why we could very well reverse trend and see the massive correction we've been anticipating without going above our current yearly high of 19.5k we can see on the chart that this level still allows us to complete a very valid looking cup. I'm thinking the lowest point of the handle could potentially drop far enough to fill the cme futures gap all the way down at 9.7k but I will start to ladder in long positions well before that probably once we've corrected over 35%. Most bull market corrections are no greater than 30-42% but with as parabolic a run up as we just had the probability favors potentially correcting as much as 50 or even 60%....I will be laddering in well before that on my longs though so that way I don't miss the opportunity if it rebounds much sooner than that. I don't anticipate the handle lasting more than 3-4 months so I expect a petty fast plummet to find our bottom rebound support. For now this is all hypothetical we still very well may see one more rebound to retest the ath before the big correction in which case I'm thinking December 15th would be a good day for that to occur...but the good news is we don't have to retest to complete this c&h pattern. Once we break the Cup and Handle the breakout target is $36,000! I'm guessing we will have an extremely bullish Q2 in 2021.
GEMINI:BTCUSD
by DrDovetail
2