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Weeklyforecast

Bitcoin Highest closed on weekly chart!! what could next? Technical Analysis: #BTC Update(Weekly Chart):- Another Highest Weekly Close ✅ 5th Consecutive Weekly Candle Closed above the 60k Crucial S/R Level.. Currently #BTC is facing resistance at $66000-$66500 Once It closes above $67000K on daily time-frame we can expect a new mega rally soon The weekly candle also managed to close bullish ✈️ Bulls are really more powerful than bears at the moment. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #weeklyclosed
by Bitking786
WTI: Weekly Forecast 7th November 2021WTI turned bearish last week as it broke below the bottom of a range at 81. Although the break-below did not cause the drop to continue and the price has rebounded off strongly on last Friday, the structure of both lower highs and lows is still favouring a bearish market this week. The oil market could still be in a major correction and more downside can be seen still. This week, we will be looking for a selling opportunity at the beginning of the week since it is already very near the supply level at 82. We will be targeting the key demand level at 76.3.
TVC:USOILShort
by AlgoVenture
Gold: Weekly Forecast 7th November 2021Despite the dollar has strengthened, the gold marked a strong weekly gain and breaks towards the upside. This could certainly help the gold to climb further but it will face strong resistance at the top of the symmetrical triangle and a strong supply level at 1828 which could provide a good short-term sell opportunity. After which, we will look for a buying opportunity again as the price pulls back towards 1807, follow by 1790 which is near the bottom of a newly formed rising channel. As such, we will have both buying and selling opportunities and this week's movement will give us a better idea whether the gold is ready for another bullish run or remain range-bound within the symmetrical triangle.
FX_IDC:XAUUSD
by AlgoVenture
1
EURUSD: Weekly Forecast 7th November 2021EURUSD was ranging and attempting a recovery but was dismissed by a strong NFP, causing the price to break towards the downside. However, the price was able to find support at a previous low at 1.1527 and may climb a little further before resuming falling. As the Fed has started tapering while the ECB is still holding to a low rate stance, following a strong NFP and even lower unemployment rate is going to help push the price even lower substantially. This week, we will be looking to sell as the price pulls back a little towards 1.1580, followed by 1.1590, targeting the previous low again and eventually breaking lower and towards the 16-month demand level at 1.1450.
Short
by AlgoVenture
EURUSD: Weekly Forecast 24th October 2021Following a strong rebound from a 15-month low, EURUSD continued to climb last week and found constant support at 1.1620 before the market closes. Apart from the demand level, the price is also climbing within a rising channel and is moving towards the top of a falling wedge. As such, we expect EURUSD to continue its recovery this week and will be looking to buy at the beginning of the week. However, we do expect a probable fake-out and will also aim to buy at 1.1610 area.
by AlgoVenture
Gold: Weekly Forecast 17th October 2021Gold climbed further just as forecast last week, except that it plunged on the last day and wiped out most gains. Despite so, both the high and closing prices are higher than the previous week and there's no change in the entire market structure. In fact, the price fell just enough to stay supported at a newly formed rising channel. This week, we may attempt to buy at the beginning of the week at the current price, or perhaps a further drawback towards the 1754 demand level. The target will be 1830 supply level and the top of the current symmetrical triangle.
FX_IDC:XAUUSDLong
by AlgoVenture
1
EURUSD: Weekly Forecast 17th October2021EURUSD broke above the top of a falling channel and a supply zone at 1.1590, marking an end of the current short-term bearish trend. The market may falling into a ranging market or reverse into a short-term bullish trend towards the top of a 5-month falling wedge. At the same time, the dollar is retreating from its high amid the market has already priced in a Fed tapering and needs more clue towards rate hike before dollar will strengthen again. This week, we will be focusing on buying the bullish reversal, awaiting a pullback towards 1.1570 demand level.
Long
by AlgoVenture
1
Gold: Weekly Forecast 10th October 2021The gold is still in a huge consolidation phase since it peaked at 2075 an ounce. It is notable that the closing prices are getting higher and that the price should be able to make another bull run towards the top of the consolidation. In recent weeks, gold has broken above a falling trendline with a strong rebound and has now pulled back downwards significantly for another buying opportunity. This week, we will first focus on buying at 1747 - 1742 demand level, targeting 1790, followed by 1810. Stay tuned for more daily trading ideas!
FX_IDC:XAUUSDLong
by AlgoVenture
7
EURUSD: Weekly Forecast 10th October2021It's been close to 5 months since EURUSD embarked on a downtrend. The current market conditions favour a bear market both fundamentally and technically. On the technical aspect, the price is trading well below all moving averages where all of the fast MAs are below their slow MAs respectively. The price is now less than a hundred pips from the FR50% level and right underneath is a 15-month demand zone, followed by the golden ratio. Therefore, the current trading plan should be more accommodative towards selling, with 1.1680 - 1.1710 as the best supply level for entry. Stay tuned for more daily trading ideas on EURUSD in the coming week!
Short
by AlgoVenture
1
Btc nicely closed on weeklychart but Don't be FOMO in!!Technical Analysis: #Bitcoin(weekly closed) In weekly time frame, btc trade above the both MA's( 21 and 50) and did nice bounce from 21WMA and Bitcoin did really nice closed on weekly chart but need break downtrend on weekly basis as well as RSI at resistance now, so Do not let your emotions make you FOMO. Keep a hold, look at this chart again and again until you understand that the momentum is fading while the price is increasing. I don’t know. Just my thoughts. DYOR REMEMBER what I said, close above 52.5k means moon. Until then everything is a trap, at least for me. You can make your own choice. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
by Bitking786
4
Gold: Weekly Forecast 3rd October 2021Gold was trending downwards at first but managed to rebound strongly at 1720. It was managed to break above a falling trendline and created a higher high against two previous lower highs. This is a strong sign that the gold will be able to recover further this week and therefore we can look to buy again if the price does pulls back lower before another jump. This week, we will wait for a pullback towards 1750 demand level to look for buying opportunities.
FX_IDC:XAUUSDLong
by AlgoVenture
1
EURUSD: Weekly Forecast 3rd October2021EURUSD has broken below yet another important demand level at 1.1630 and closed with a very bearish weekly candle. The dollar is clearly strengthening amid tightening expectation from the Fed grew stronger. The trend is clearly bearish and thus we will continue to wait for selling opportunities. If the market continues to find support at the beginning of the week, we could expect a pullback towards 1.1670 to sell, targeting 1.1520, then 1.1440.
Short
by AlgoVenture
AUDJPY Bearish Weekly DirectionDespite Headlines showing traders sentiment stating traders (retail) are net Long on AUD/JPY . As a trader that can be misleading especial to the newbie traders coming into the industry , i find it easier to follow currently weekly structures and let the market lead me . Structure leaves clues, on a weeks perspective AUDJPY is bearish , it even started the week super bullish and that was my clue to wait for the break of structure and trade than on a retest . though its obvious now since its already friday. My point is if you follow structure and learn to see the market structure for the week let it develop then you will know around mid week the overall direction to trade. One good trade on each pair with a few scale ins were applicable is really all you need to be consisent. A consistent i picked up from ICT and added to my own trading
Short
by thabangditlhabi
GOLDEN NEO WEEKLY TRAGET!!!Neo/BTC will buy two or three points on the weekly chart. In bitcoin modification, it is the best place to buy altcoins. I have no idea how much you want to buy or where to buy. Why? Because at this moment, Neo is falling apart and with patience, you will earn a good profit. Now look at the chart. Our distance to weekly MA200 is more than 180% profit. Will we get this benefit? Look at the past of the market. Neo had already reached MA200 and hastily broke the roof. So the market is likely to repeat itself. We have to wait for the meeting.I will complete my point. Also, this is not a financial Advise for you. And I draw this chart based on my own experience as well as my own trading spirit. Be in profit!
Long
by seyedalimiri
Gold Weekly Forecast: September 27 to October 1st What happened last week? : Last week was fantastic for the USD. USD became strong against all of the major currencies. FOMC was hawkish as FED announced that if the U.S. upcoming economic data comes positive, they will start tapering very soon. I mean, every high-impact positive report will help the USD and gold will drop. What is not clear for the future? Alternative scenarios, if the U.S. comes negative, FED's tapering chance will fade for this year. So, it will help the gold to push up. But what my research says, as china injected al tons of money into their economy, that means they are trying to overcome the economic crisis. That may push down gold below the 1700 price zone. FED also said, if the economic data support, they will also start the tapering. I mean, the U.S government will also start injection money to support their economy. From my view, if the pandemic doesn't rise faster, till December, Gold will drop by impulse and correction way. I mean, gold's overall trend may be down. What About the next week? There are several high and medium pact reports due to publish. Core Durable Goods Orders Durable Goods Orders Some FOMC members Speech Crude Oil Inventories ( It will impact on Crude Price) FED Chair Powell Speech Final GDP Core PCE inflation report ISM manufacturing PMI GDP, Powell Speech, Core PCE inflation report, and ISM manufacturing PMI report are very high impact and most market mover data. The final GDP report expected positive, but the other two reports expected bit negative. Hopefully, these reports will bit supportive for the USD. But numbers of FED members the cautious. If they hint, economic conditions are not good enough as they are expected. Investors will take it harmful for the USD. Because that will indirectly hint, FED will wait for the subsequent tapering. That means gold also has a chance to go up again. But I don't think most of the FED members will play with tapering issues. If you play, it will be bad luck. Technical View: Gold's downtrend is still caped. Gold's current market price is in the 1757 price zone. (while I am writing this analysis) I think it's an excellent place to sell. And stop-loss should be above the 1784 price. First target 1740 price zone. Breaking below 1740, our 2nd target should be at the 1720 price zone. Finally, breaking below 1720 will open the door for the 1680/1685 price zone. On the other hand, the U.S economic data comes than forecast. Gold price may go up above 1784/1785 price zone. Our first upward target would be the 1830/1835 zone. I don't think the market will be able to go above the 1835 price. It's critical resistance. So, it needs robust economic reports.
TVC:GOLDShort
by Gold_Trading_Expert