NZDUSD ForecastNZDUSD Weekly Forecast
- look for down move after higher pullback correction
- target level at least towards 0.68500
- potential further deeper towards 0.66200 and lower during end of month
Weeklyforecast
EURGBP ForecastEURGBP Weekly Forecast
- look for one last down move before reversal
- target level at least towards 0.84700
- potential further deeper towards 0.84500 and lower
GBPUSD ForecastGBP Weekly Forecast
- one more up move to at least 1.38800
- then expect a pullback correction or sharp impulse to total down
- aim for target level 1.40200 and above if the pullback correction given
EURUSD ForecastEURUSD Weekly Forecast
- confirmed up move to at least level 1.18200
- potentially further up towards 1.18500 or above
SPX's weekly update first week of April. Historically A+ month.
- P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last "
- Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
- Deviation : Daily - @13% (64% single pullback) weekly - @35% (76% single pullback)
- Candles Auto recognition : Nothing found 4 weeks in a row weekly, 7 months in a row for monthly.
- Putt/Call composite @.597 Vs. .764 Vs. last week = Less puts bought last week than the weeks before.
Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 378667 Vs 295309 big increase 30% up from last week.
- VIX : In our safe green zone, we hit 17.40 Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 65 = No man's land, closer to up swing..
- DIX : 40 No man's land.
- GEX : @ 5,857,000,000 "No man's land".
- SPX : Above averages . They had us going last week the break down of 50d MA. Was a Bottom !!!!
- NYSE: Above average nothing to mention.
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DXY ForecastDXY Weekly Forecast
- look for down move after the correction
- target level at least towards 92.500
- potential further deeper towards 92.000 and lower
Weekly Outlook! 3/29 - 4/2Here we go over last weeks video as well as some set ups we are watching in the coming week!
SPX's Weekly update "Last week of March"/"Flash signal popping "- P/E : @39.73 Tops land " Usually bottom of crashes not tops"
- SPX's Dividend Yield: @ 1.49 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " a bit lower "
- Insiders: 113 Sell, 43 Buy. Selling is down from 179, nothing of significant here. " Both look come"
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
- Deviation : Daily - @12.52 (64% single pullback) weekly - @34.79 (76% single pullback)
- Candles Auto recognition : Nothing found three weeks in a row.
- Putt/Call composite @.764 Vs. .66 last week = More puts bought last week than the weeks before.
Higher Highs/Higher low Golden Cross coming soon every day passes it becomes closer = Pullback.
-Total Option Volume: 295309 big drop of 25 % from 400476
- VIX : In our safe green zone, we hit 18.68 Lowest seen # since last years crash=No volatility @ all!!!
- VWAP: @ 69.99 = 78% @ a bottom or up swing..
- DIX : 43.6 No man's land.
- GEX : @ 1,800,000,000 "No man's land".
- SPX : Above 50D MA average . *****FLASH SIGNAL OF A PROBABLE BIG PULLBACK.******** STAY NIMBLE COMING TWO WEEKS !!!!
- NYSE: Above average nothing to mention.
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DXY on a Major Resistance The US dollar has upside in the last month however we are reaching a major weekly resistance at 92.9 level
this level will be quite interesting to watch and my result in massive gains for Dollar pairs
at the moment DXY is struggling to pass it. will see what the market decides
hit the like button if you agree and comment below your questions.
note: this is not an entry advice please contact your financial advisor for position management.
EURUSD Bearish FlagEURUSD has consolidated for the past 2 weeks amid a strengthening dollar.
Throughout the consolidation, constant rejections near 1.20 psychological level were seen even as the lows were getting higher.
It then led to stronger selling pressure in the last 2 trading days and the low was finally lower this time.
A bearish flag was then formed as a result and we can continue to sell.
This week, we expect EURUSD to reach 1.18 and then beyond 1.17 in the next 2 weeks.
Dollar Gain Bullish MomentumThe dollar fell into a consolidation after hitting at 4-month high at 92.5.
However, it was able to find constant support at the demand zone at around 91.4 amid a rising treasury yield which sparks demand for safe-haven assets.
Last week, the Fed has reiterated its commitment to keep interest rate low for a prolonged period of time until employment market and inflation reach stability.
The Fed is not worried about a surge in inflation even as rising yield prompted a risk of high inflation.
Therefore, treasury yield continued to rise after FOMC and dollar gain new bullish momentum.
This week, we plan to long the dollar as we expect the dollar to continue to break new 2021 high in the coming weeks.
We expect the dollar to retest its previous high at 92.5, and probably climb beyond 93 in the next 2 weeks.
Dollar Supported at NecklineThe dollar pulled back from a 3-month high and found support at neckline 91.44 after erasing the week's gain.
The dollar was under pressure as the US bond yield rally halted. However, the pullback was shallow and it soon returned to 1.6% and a little breakthrough took place before the market closed.
Therefore, the dollar may continue to climb on technical support together with a persistently rising yield.
This week, we can continue to buy the dollar around 91.5 demand zone, targeting the supply zone above 93.
AUDSGD ShortMonthly is in downtrend.
Weekly price is reacting at key level.
Daily shows a weak rejection sign.
GOLD Short with 3 Confluences (Zero Indicators)Confluence:
1. Weekly Chart Trendline breakout.
2. Price is trending bearish with lower highs and new Lows being created.
3: Key low has been broken in the region of 1787 and 1765.
Entry: We will be waiting for a lower high to get formed before looking for any entries on Gold. We are expecting some dollar weakness into the start of this week. With that being said, we are expecting a pull back before we see price settle towards the end of the week and then we should see a push to the downside. This will as well give us time to reassess the risk reward of the trade and to determine whether or not the setup is still valid.
REEF/USDT$REEF/USDT is bouncing on it's support and has the potential to moon in march. Be prepared for the rocket to moon and don't get left behind
Has Dow Jones PeakIf we just based on this technical chart, I think we do have a case of a very overbought stock market.
Dow Jones was seen rejected at the peak of a 3-year expanding triangle and, at the same time, the peak of a 12-month rising wedge.
This phenomenon is very similar to last year's mid-February where the market peaked technically and plunged amid the coronavirus outbreak.
So fundamentally, we are still missing a catalyst like this pandemic and since the government is not going to stop printing money any sooner, we probably won't see another crash like last year.
However, a sharp pullback can still be expected as many investors might want to liquidate some positions at this point.
Therefore, this week we will give it a try to short when the price climbs a little higher and reach 31900.
Gold Buy Opportunity at Great DiscountThe gold has extended its fall on rising yields which has continued to strengthen the dollar.
Interestingly, the gold has also reached and found support at the bottom of a 6-month falling channel.
The major correction has now reached the 61.8% of the Fibonacci level while indicators are showing strong signs of oversold.
However, the current bearish momentum, together with a strengthening dollar, might cause the price to inch lower before it truly bottoms out.
Therefore, we can start to buy with very small positions around 1700, and continue to build position all the way to 1640.
All you need to do is to decide how much risk to take out of your entire portfolio, divide it into segments and open positions accordingly within your calculated risk.
EURUSD Strong Bearish Momentum but LIMITEDIt was just as forecast last week that EURUSD continued to drop further.
While the bearish momentum seems strong (and definitely sellable in the short-term), it will face very strong demand in this coming week.
The first thing we should always bear in mind is that EURUSD already has a strong reversal signal since it broke above a 12-year falling trendline (as seen in the monthly timeframe).
There's also a successful retest of the 12-month falling trendline before EURUSD continued to climb.
Other than that, we can see strong confluence at the 200ma on this chart with a strong demand zone and indicator an overbought market.
Therefore, we can continue to sell int he smaller timeframe but exit as soon as a wave of trend is completed.
Otherwise, wait patiently for signs of reversal as it reaches 1.18 region to long EURUSD while an ABC correction is completed.
SPX's weekly update. First week of March 2021In coming months Puts will be bought, with "Golden Cross" on PC.
wish you all the best.
EURUSD: Major Correction ContinuesSince EURUSD has ended the final Elliott wave, it has been moving sideways simply because it's in the process of a major correction.
By now, it seems clear that an ABC correction is in the process and we are probably in the BC section since the price has broken below a rising channel which consists of 2 bullish waves.
This week, we will wait for an upward pullback towards 1.2120 -1.2150 to sell, targeting 1.89 and beyond.
Dollar Remains StrongerAbout 2 months have passed since the dollar reaches the lowest at 89.2.
Since then, we have seen the dollar making a significant rebound and the recent downtrend was breakaway after last Friday's strong bull.
In fact, the dollar hasn't pulled back enough for another wave of bear strong enough to take over the market trend again.
We expect the dollar to continue its uptrend for the next 2-3 weeks until it reaches 92.
If the dollar pulls back from the recent rebound at first, look for a buying opportunity at 90.5 - 90.2.
GBPUSD: Approaching Strong SupportGBPUSD is about to face very strong support at the 1.39 demand zone.
This is strong support made up of the middle band, the bottom of a rising channel, and a rising trendline of the KD indicator.
We expect some significant rebound to occur as it pierce deeper into the demand zone at about 1.3850.
However, the plunge from last week was caused by strong rejection from a 5.5-year resistance level and the KD indicator is showing an overbought sign.
Therefore, we can also expect more selling pressure as it climbs back to about 1.4070.
If continuous support or a fakeout is seen at the demand zone after a retest, we can expect GBPUSD to resume an upward trend and eventually break higher.
Otherwise, if the demand zone fails to hold and the price closed below 1.38, we can start to look for a selling opportunity towards the demand zone at 1.33.
SPX's weekly update. Last week of February 20211/ No auto-candle found, still MW in control
2/P/E 38.42 and rising, rare seen with our a crash
3/ Dividend Yield 1.54 VS. US10Y 1.36 !!!
4/ Daily Deviation 14% = 64 Single Pullback
5/ Weekly Deviation 33.5% = 76 Single Pullback
6/PC, we've had lower # 2009/2010/2007 .
7/ Vix still in our study's Green zone.
8/VWAP ,no man's land.
9/ Stock above MAs, nothing noticeable.
10/GEX's reading +1.000.000 No man's land
11/ DIX 41 %, No man's land
