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EURUSD - WEEKLY ANALYSIS.EURUSD - is trading just above flat after struggling after the NFP data. Next week the market braces itself for the ECB rate and monetary policy decisions, and there could be more talk that the EUR is overvalued. Trading at this range will be more interesting now as inflation and deflation in the EU was confirmed. There is also a support trend line that is working very well at the moment, but the indicators and momentum is still BEARISH. Any bounce back will be a SHORT SELL opportunity. Follow the levels : Sell Range : 1.18500 - 1.18700 Stop Loss : 1.19270 Target : 1.17600 - 1.15500 Traders, If you like this idea hit the like button & Write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks for your better understanding Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
NIFTY COMMENTARY by Kiran WEEK 2Hello friends, Last week I started the commentary with five conditions, they are listed below. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. We might be in the middle of trend reversal. So, here both bulls and bears should take care. If NIFTY cannot able to close above the red trend line then it signals the correction is underway. It will be confirmed this week. Any dare people can short the NIFTY at red line which can act as resistance line. my view about the NIFTY 3.Wait for trend confirmation When it will confirm the down trend? Simple, new lower low will confirm it. it is now at 11150-11300 range and not able to go above 11500 -11600 range. Thats it Have a nice weekend. SEE YOU NEXT WEEK. Your humble trader, Kiran
NSE:NIFTY
by KiranSunku2016
SP500 on new highs 🦐SP500 has almost each the level of February 2020 before that the covid pandemic hit. On the monthly chart the marker has been in a full uptrend for the last 5 months and going on the weekly chart the market has broke the resistance structure around 3200 zone. For the next weeks we can expect the market to reach the recent highs around 3390 zone and consequently break it for new historical highs. –––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:SPX500USDLong
by InkyGrip
2
GOLD - WEEKLY ANALYSIS.Here, is the weekly analysis report for XAUUSD - GOLD. OANDA:XAUUSD Gold is currency is a consolidation phase, 1920-1950 is the current range, seems weak on daily candle the bias is negative it's a SELL ON RISE till 1954 as STOP & REVERSE. FOLLOW THE LEVELS AS MENTIONED. BUY ABOVE 1954 FOR POTENTIAL UPSIDE 1985 - 2018 SELL BELOW 1924 FOR POTENTIAL DOWNSIDE 1899 - 1870 RISK REWARD MINIMUM 1:1 Cheers..Happy trading. Traders, if you liked this analysis, hit the like button and write in the comment section. Thanks !!
OANDA:XAUUSD
by Professor_GS
GBPJPY WEEKLY FORECASTHey Traders! Excited for another week of Trading. GBPJPY has been moving in abundance lately. Price still sits under the 200 day Moving Average, with no signs of upcoming breakage. In the last couple of weeks GJ managed to break A Strong Weekly Ascending Channel, & trade a full week above it. Price is currently testing that same Weekly Resistance level it broke. The Pivot Point also held strong after a second failed attempt to break it. I predict Bearish activity following another close under the Pivot Point level. I'm ready for what this week beholds... If you like this analysis please show your SUPPORT by Leaving a Thumbs Up! Comment Your Thoughts Below on GBPJPY
by lobfxempire
2
EURUSD - Weekly Analysis.Refer the chart for detailed analysis ; EURUSD - On the verge of positive breakout & on the verge of strong resistance also, The approach should be wait and watch until the clear breakout happens in either direction, Above 1.18540 it is expected to be in a bullish zone and can fly upto 1.19208. Below 1.18263 it is expected to touch the lower support line around 1.17155. Trade according to the mentioned levels, meanwhile I will keep updating about the changes in situation through DAY TRADE VIEW so stay tuned and do follow for regular updates. Traders, if you liked this analysis, hit the like button and if you have anything to discuss regarding this trade, Write in the comment section. Cheers.Happy trading.. Thanks !!
by Professor_GS
GBPJPY BreakdownPrice is going up to Target (144/145) through Trend creating Highs and lows. Price is currently at past highs where consolidation took place for a week. Currently testing that level as a Support and testing the Trend line. 4HR Fibonacci Retracement "Golden Zone" falls perfect with Support and Trend line. Price range also pulled back same distance as previous pullback couple weeks ago. Showing major confluence. Looking for price to make new highs by the end of the week. Fundamentally Friday will have a lot of EUR/GBP economical news during London session so its likely that news will push pair to new highs. Being that news is just in excuse to move the market the way it should.
Long
by JasonFosterII
GBPUSD weekly Elliot chart, 26.07.20 Hi All This is the long term view for GBPUSD. The structures are all confirmed with fibo rations and also RSI There are couple of structures i cant not conform 100% with fibo and RSI but I have names them as they fit in the context and wave counts. First this scenario is valid until we hit 1.29$ This scenario is confirmed if I can see a candlestick breaking through the box area Plotted on the chart the box zone is calculated based on Reverse RIS (5ema) on 2-months chart and weekly charts
by Analyticssage
EURUSD Second Wave CompletedEURUSD has formed a second wave of uptrend, similar in volume to the previous wave, and has found resistance at a significant supply zone this week. As bearish as USD is right now, it is about time for a pullback / correction, thus we should wait for a consolidation pattern or a retest of previous low before continuing to buy EURUSD . This week, we should see EURUSD range for a few days, similarly to the previous consolidation, before breaking current high. Look to buy EURUSD again once a support structure has been formed.
Long
by AlgoVenture
EURUSD Weekly Forecast 3rd - 7th August EURUSD has formed a second wave of uptrend, similar in volume to the previous wave, and has found resistance at a significant supply zone this week. As bearish as USD is right now, it is about time for a pullback / correction, thus we should wait for a consolidation pattern or a retest of previous low before continuing to buy EURUSD. This week, we should see EURUSD range for a few days, similarly to the previous consolidation, before breaking current high. Look to buy EURUSD again once a support pattern has formed, or conversely, we could look for intraday EURUSD short trades. That would however be risky considering how bearish USD is right now.
Short
by junjie_s
1
How Far can Dollar Fall?The dollar has posted its biggest loss in a month since 2009. One glance at the monthly timeframe, the dollar is certain to have confirmed its peak at 103. It is also almost certain that the dollar has begun a mid to long term bearish trend as it fell back to the starting point of a 2-year rising channel just above 93. Since we are certain that the dollar will continue to weaken, how far can it go? At a glance, I'd say it will face little support towards 89, a major resistance since 2009 until it was broken in late 2014, turned major support since early 2018. The fed has made it clear that it will hold rate low and unchanged through 2022, the unprecedented amount of money printing, and the dire situation faced in the US economy due to the pandemic and many other political issues, can only lead the dollar further south. It is probably unnecessary to explain too much why the dollar will fall as there's little to no reason that the dollar should climb, apart from being a safe haven currency, which...I don't know...imagine gold just keep popping up from the ground, what would happen to its value? Anyway, since the dollar is still somewhat seen sitting at a 26-month low near 93, I suppose there'd be significant pullbacks, which probably won't last for long before it continues south.
TVC:DXYShort
by AlgoVenture
Dollar Breaking 9 Year Rising TrendlineThe dollar had the biggest weekly fall in 4 months and broke below a 22-month support level. At the same time, the dollar is also threatening to break below a 2-year rising trendline which could open the floor for more selling. In fact, the dollar is destined to fall since it broke below a 2-year rising channel. Of course, there are a lot of fundamental reasons to support a weakening dollar such a diminishing Treasury yield or a more risk-on market where the global economy is recovering from the pandemic other than the US's ever-breaking of a new high in the daily new COVID cases, as well as a surge in the death rate. The US and the dollar have surely disappointed the market big time due to the mishandling of the pandemic and allowing a relapse of such magnitude where the current figures of new COVID cases are more than a fold than the highest in April. The dollar is most likely to extend further downside but not without any pause or pullback. Once the dollar successfully breaks below the 2-year rising trendline, the next level can be seen at the 2-year demand zone sitting above 93.
TVC:DXYShort
by AlgoVenture
USDJPY Weekly Forecast for 27th-31st July 2020Key levels for this week - 106.70 105.10 104.75 - Going into this week looking for bearish continuation - Any pullbacks towards key level will be used for new entries Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown! Every week Includes analysis for CRUDE OIL / XTIUSD GOLD SPOT/ XAUUSD Us dollar index / DXY USDJPY EURUSD GBPUSD AUDUSD NZDUSD USDCAD BTCUSD AND MANY MORE - Entries taken on markets with the best opportunities. Only low risk high reward setups with minimal drawdown!
by kieranchow
Dow Jones: Is this the beginning of a 2nd SELL-OFF?Since coronavirus first broke out in February globally, the global stock market has tanked and plunged in a devastating fashion but has quickly recovered once the lockdown began and the economy started to open up again. However, it is obvious right now that the US is facing a relapse as new COVID cases rose to an all-time high, and death rate picked up again. Besides, the US-China tension has worsened in one of the worst situations, and also, the US stock market is obviously overbought and is mostly driven by the government through unprecedented printing of the dollar. The Dow Jones fell sharply since the COVID cases started to spike again in early mid-June and it struggled to climb as the situation was not under control. Moving forward, we can see a prominent sign of exhaustion as one of the biggest US stock markets, Apple, plunged last week. The price was seen resisted at 27000 and started to reverse in the last 2 trading days. We will see a retest of the bottom of the 4-month rising channel and chances are it will break below if COVID situation, as well as the US-China tension, continued to worsen. So to draw a conclusion, the long-awaited 2nd wave of a sell-off could happen anytime, and we see the price plunging towards the 24000 and 23000 regions in the next couple of weeks.
FX:US30Short
by AlgoVenture
Can USDCAD break strong support level?USDCAD has finished forming a Head and Shoulders pattern, and has successfully formed a bearish wave reaching the previous low before finding support. We can see that the price USDCAD is currently in is a significant price of interest, forming 2 doji candles this week. Should price be supported this week, we could wait for a retracement back to the neckline of the Head and Shoulders pattern before continuing to sell USDCAD . However, should price break current support at the start of the week, we could then wait for a retest of this support turned resistance before selling USDCAD again.
Short
by AlgoVenture
3
USDCAD Weekly Forecast 27th - 31st JulyUSDCAD has finished forming a Head and Shoulders pattern, and has successfully formed a bearish wave reaching the previous low before finding support. We can see that the price USDCAD is currently in is a significant price of interest, forming 2 doji candles this week. Should price be supported this week, we could wait for a retracement back to the neckline of the Head and Shoulders pattern before continuing to sell USDCAD. However, should price break current support at the start of the week, we could then wait for a retest of this support turned resistance before selling USDCAD again.
Short
by junjie_s
1