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Weeklyforecast

XAUUSD - Price ForecastHello everyone, XAUUSD doesn't appear to be out of the woods just yet. The bearish outlook is taken from the daily price action since last week, with the impulsive moves down adding further weight to the bearish sentiment. I don’t think the correction is over as the price action upwards is still playing out in a corrective nature. 1880 is the key price level for me and I am looking to see where the weekly closes are from this price level. Last week presented a gap on market opening and saw price rally from the 1898 up to challenge the swing high at 1965. The challenge failed and price fell back beyond that gap and more importantly below the 1880 level for a weekly close at 1849. It’s possible that we’ll get a challenge towards the 1880 level this week but a further move down to test 1765 swing low and possibly lower looks a stronger possibility now than it did last week. Simply staying aware of the possibilities. Let’s see how it plays out for the rest of the week. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
SPX'S Weekly Japanese candlestick signals since inception 1957 Hey Traders , what's up. From me to Humanity . I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on weekly candles !!! " . Also, some weekly candles could be treated as extinct data suggesting that !!! what's up with that!!! no Golden rule for these candles. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1/ Bullish weekly candles :- Weekly Bullish Happened success rate Max profit Max cost Risk/reward starting date. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ ***Engulfing 28 60% 50% 43% D 1953 ***Hammer 21 77% 102% 4.55% C+ 1952 ***Inverted Hammer 11 45% 8% 4% F 1953 ***Marubozu White 65 84% 40% 33% B - 1982 ***Long Lower Shadow 78 70% 68% 40% C- 1963 ***Rising Window 26 85% 165% 5% B 1971 ***Spining Top White 59 61% 40 % 31% F 1979 ***Dragonfly Doji 8 37% 4% 9 F 1951 ***Upside Tasuki Gap 6 40% comes and goes !!! ***Tweezer Bottom 11 43% Disappeared since 2007 ***Doji Star 3 33% Disappeared since 1982 !!!! ***Dragon Doji 2 50% -------------------------------------------------------- Spining Top White 59 times : since 1979 --------------------------------------------------- Profit Lost z 4 11 z 2 4 z 13 3 z 3 31 4 17 7 z 31 3 5 21 2 2 4 z 4 2 1 z 2 2 z 1 z 5 7 14 7 11 z 10 18 21 1 z 2 3 z 7 7 3 z 4 z 3 1 z 2 z 5 2 34 9 5 z 4 25 z 2 13 z 3 15 z 7 z 4 z 18 40 z 4 12 -------------------------------------- Dragonfly Doji 8 times : since 1951 -------------------------------------------- profit lost z 2.55 4.85 z 2.42 z 9.09 z 1.60 4.89 3.50 z 3.37 ------------------------------ 37% success rate ------------------------------------------- Hammer 21 times : since 1952 --------------------------------------------------------- Profit lost 8.46 4.39 8 z 6.46 8 6 66 70 4 4 4 z 1.86 z 4.55 3.27 z 9.02 4.83 3.04 102 2.59 z .91 10.99 ------------------------------------ success rate 77% -------------------------------------------- Inverted Hammer 11 times : since 1953 ------------------------------------------------------------ Profit lost 4.56 z 7.95 z 2.97 z 4.43 z 4.72 z 2.54 z 6 8.14 3.27 1.69 1.90 ----------------------------------------------------------- success rate 45% -------------------------------------------------------------- Marubozu White 65 times : since 195 ---------------------------------------------------- Profit Lost zero 33.98 zero 14.86 zer 11.91 4.56 9.75 2.16 6.25 2.06 z 14.92 8.55 4.76 1.81 19.11 5.60 1 2.55 7 z 8.88 1.61 2.84 12.43 2.64 5.44 4.77 12.32 1.81 1.25 1.93 31.87 z 30.37 3.87 12.84 4.49 z 7.68 2.13 5.79 26.66 4.31 17.15 z 6.44 2.39 33.20 9.71 11.63 7.47 15.27 3 4.75 4.66 17.26 z 6.63 z 4 1.59 3.58 8.66 3.56 5.71 5 30.40 1 2.76 8.27 7.64 8.84 40.67 50s million signal -------------------------------------------------- 84 % success rate ---------------------------------------------------------- Long Lower shadow 78 times : Since 1966 --------------------------------------------------- profit lost 32 8 18 10 11 13 z 3.99 16.11 z 16 z 4 z 3 2.79 z 1.85 15 3 6 2 3 z 10 z 5 14 4 z 5 10 6 z 40 6 2 24 z 1 z 1 2 z 6 z 7 6 13 z 21 z 34 5 z 4 z 9 12 5 15 33 13 4 2 2 4 6 16 z 12 z 34 18 2 13 3 3 z 5 6 65 27 4 26 z 26 9 7 13 4 20 z 11 z 4 2 z 3 25 22 21 ---------------------------- success rate 70% ------------------------------------------------------------ Rising Window 26 times; since 1971 --------------------------------------------------------- Profit Lost 5 2 7 5 2 1 3 z 3 12 2 4 1 1 10 1 z 3 1 19 4 165 z 5 z 1 80 3 21 4 --------------------------------- success rate 85% ------------------------------------- Engulfing 28 times : since 1953 ----------------------------------------------------- profit lost 33 z 6.76 z 19.4 z 23.69 12.18 z z 43.96 5.29 6.12 50.13 4 z 7 21.47 1 1 z 5.44 z 3.29 4.94 z 34.05 6.15 5.15 z 23.41 7.19 21.27 19.57 z 17.18 3.82 2.12 z 9.66 ---------------------- 60 % success rate -------------------------------------------------------------- 2/ Bearish weekly candles : - weekly Bearish Happened success rate Max Profit Max opportunity cost Risk/Reward starting date ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***Engulfing 67 68 % 55% 28% D+ 1956 *** Hanging Man 30 50% 7% 28% F 1957 ***Shooting Star 23 47% 19% 63% F 1950s ***Long Upper Shadow 58 36% 46 % 95% F 1957 *** Doji Star 11 37% 13% 27% F 1952 ***Dark Cloud Cover 13 77% 55% 11% C + 1955 ****Tweezer Top 34 44% 18% 31% F 1954 *** Marubozu Blace 46 58 % 39% 48% F 1956 ***Spining Top 77 35% 48% 35% F 1963 ***Falling Window 23 47% 25% 78 % F 1953 ***Harami 4 times 75 success rate. ***Downside Tasuki Gap Extinct 1957. ****Evening star once in 70 Years. ***Gravestone Doji once in 60 years. *********************************************************************************************************** Long Upper Shadow 58 times : 1957 ----------------------------------------------------------- Profit lost z 32.84 z 10.14 z 3.79 4.40 z 14.79 2.4211 33.02 5.88 z 25.74 8.74 z 7.02 z 8.71 z 5.13 z 2.36 z 14.33 z 9.58 1.76 z 6.25 z 12.99 11.97 z z 8.74 z 1.78 z 14.58 3.74 3.74 z 5.72 z 95.94 3.98 3.80 z 3.52 1.92 4.54 z 4.29 9.49 z 4.23 z 22.70 z 4.51 z 12.29 7.95 z z 10.31 z 32.59 z 53.98 3.48 z z 10.72 z 3.88 z 6.80 46.87 z 3.28 z 8.86 5.28 z 4.45 z 2.60 z 26.37 4.7 z 3.22 19.47 z z 7.87 --------------------------------------------- 37 % success rate Marubozu Black 46 times : since 1956. ---------------------------------------------- Profit lost 10.81 z z 13.69 8.23 5.82 z 3.44 z 3.59 z 6.52 z 48 z 22.48 5.66 22.20 39.28 5.51 z 33 11.31 28.61 z 14.55 z 24.54 z 7.86 5.37 z 10.48 z 4.04 z 28.83 2.65 3.95 3.58 1.43 1.55 z 3.03 z 11.45 1.30 3.83 z 6.12 2.33 2.02 1.11 2.00 8 1.95 3.19 .077 z 8.58 z 15.88 4.37 8.36 z 4.20 -------------------------------------------------- 58 % success rate. ------------------------------------------------------ Doji Star Bearish 11 times : since 1952 ----------------------------------------------- profite lost zero 4.99 z 4.79 z 4.98 3.17 z 14.94 5.12 13.33 z 3.20 z 27.14 14.33 z 4.72 -------------------------------------- success rate 37 % ---------------------------- Spinning Top Black 77 times : since 1963. ----------------------------------------- profit lost 7.17 z 4.46 z 1.69 z 8.07 z 7.06 z 30.32 z 13.68 z 3.32 9.79 z 4.66 19.39 z 15.47 z 14.17 z 3.94 z 2.65 z 3.7 z 2.82 z z 4.14 1.75 6.49 z 10.14 2.78 3.27 7.81 2.45 z 3.29 22.29 z 26 z 30.35 z 34.07 z 2.86 z 17.74 z 30.71 z 19.36 z 35.35 z 2.33 11.65 z 4.74 3.34 z 15.59 2.79 z 4 z 5.17 z 24.81 z 2.27 7.74 z 4.34 6.97 z 9.32 z 20.40 z 2.59 z 5.50 z 14.24 9.92 11.17 13.33 z 8.9 13.55 48.82 z 3.07 4.91 9.70 z 27.97 36.37 z 5 2.90 z 2.54 z 20.69 z 9.08 z 7.76 z 2.07 z 5.37 z 2.34 4.08 3.81 ------------------------------------ 35 % success rate ----------------------------------------------------------------------------------------------------------------- Dark Cloud Cover 13 times: since 1955? ****************************************************** profit lost 6.10 19.62 7.60 55.83 4.7 2.22 5.63 zero 9.24 zero 8.19 3.19 zero 11.98 2.12 13.54 ------------ 77% success ------------------------------------------------------------------------------------------------------------ Tweezer Top 34 times : since 1954 -------------------------------------------- profit lost z 25.15 z 31.33 z 3.10 z 3.58 z 14.29 z 10.19 10.66 1.56 z 3.38 z 10.31 5.57 1.70 z 4.57 z 5.54 z 37.93 3.61 z 77.84 z 2.12 5.37 3.60 2.22 2.69 2.85 18.56 z 25.53 z 9.25 z 4.82 3.78 3.30 z 2.39 5.23 5.81 z 11.94 z 27.41 --------------------------- 44% success rate ******************************************************************************************** Engulfing 67 times : since 1956 Big problem is that small dips then big bull markets, need re examination. ------------------------------------- profit lost 4.94 z z 4.11 .84 z z 11 2 .41 z 30.21 2.65 z 4.31 55.15 z z 6.43 2.30 1.89 1.84 8.08 6.54 z 9.15 9.38 4.31 3.10 z 17.16 7.84 z 6.21 z 14.37 z 3.06 z 2.02 2.94 3.34 z 4.07 2.09 2.17 1.97 2.45 z 9.94 z 19.18 1.89 1.09 4.45 2.97 6.61 z 4.18 1.93 3.18 z 5.45 5.57 1.90 z 4.09 11.97 z 6.69 z 15.62 46.26 3.52 4.65 8.64 6.36 34.58 8.94 6.16 20.64 9.04 z 4.23 2.64 28.67 2.81 7.90 z 28.15 19.76 --------------------------------------------- success rate 68 % ------------------------------------------------------------------------------------------------- Shooting Star 23 times : Since 195! --------------------------------------- profit lost zero 7.02 2.25 9.92 z 2.36 z 4.14 z 9.18 z 6.99 2.68 z 7.77 z 63.24 z 3.52 4.45 z z 4.81 7.36 z 4.48 z 1.61 z 7.06 3.11 z 2.56 z 26.56 19.68 11.34 2.40 ---------------------------- 47 success rate ------------------------------------------------------------------------- Falling Window 23 times : since 1953 come together, or during falling markets. --------------------------------------------------- Profit Lost 18.97 5.65 z 78 25.85 z z 60 17.63 6.92 2.83 z 3.39 z 6.12 z 6.66 z 4.63 z 1.66 z 46 1.74 z 7.55 4.80 12.43 5.01 1.62 z 116 z 2.81 z 4.47 ------------------- 47 % success rate ------------------------------------------------------------- Hanging Man 30 times : since 1957 1/ 50s was the play ground for this candle !!! 2/ sam old sam small dip then boom !!! 1996 it is a a hammer !!!not a Hang.Man --------------------------------------------------- Profit lost z 2.64 4.11 z 1.71 z 6.84 2.23 z 8.80 4.21 7.63 3.02 z 7.84 z 28.59 z 4.46 z 5.15 z 6.84 z 16.68 6.28 z 1.87 2.28 z .87 !!!!crash z 5.63 3.29 2.30 6.91 z 6.38 z 2.27 3.74 z 7.60 2.02 1.50 1.12 --------------------------------------------------- 50 % success rate
SP:SPX
by samitrading
6
DXY Embarks on a Ranging MarketThe dollar has ended 2020 with a yearly loss of more than 7%, and more than 12% from last year March the highest near 103. Last week, the dollar continued to fall and break new low but managed to recover and close just next to the week's opening price. One fact for sure is that the dollar is too weak to perform another bearish trend that's significant enough. In fact, the rebound came after it found support at a broken falling trendline as seen in the H4 chart. While we do not expect the dollar to be strong, a rebound is almost inevitable. We can start to buy the dollar and aim for a range high, probably somewhere nearer to 92 first.
TVC:DXYLong
by AlgoVenture
EURUSD - Price ForecastHi all, An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday. My next target is at the 1.240000 level. Expecting a pullback to retest the 1.21800 level before moving upwards. Follow for further updates, your 'likes' are much appreciated and your comments most welcomed. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
Long
by BeyondEdge
4
USDCAD in the downtrend.USDCAD in the downtrend. The recent increase in oil prices has driven the Canadian dollar to appreciate. With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise. So the Canadian dollar has the opportunity to continue to appreciate in the future. By technical analysis , it is recommended to go short in batches when the USDCAD price bounces to the resistance.
Short
by HyperAlphaPro
Dollar Completes Final Bearish WaveJust as predicted, the dollar continued south and completed the final 5th motive wave, both in the weekly and 4-hourly time frame. The dollar held losses at 89.7 as soon as it reached the 161.8% Fibonacci extension level, similar to that of early 2018. The dollar has sustained about 12% loss to the pandemic and amid an unprecedented amount of stimulus to keep its economy afloat and the stock market from crashing. The latest loss seemed like a full-priced in of an upcoming stimulus package yet to be approved. This week, we could expect the dollar to still inch a little lower but ultimately, it will likely to kick-off a period of a ranging market. We can start focusing on buying the dollar at the bottom, with an initial expectation of a range between 89 to 91.
TVC:DXY
by AlgoVenture
1
Bitcoin >> Unpopular Idea that makes a lot of sense technicallyHi everyone, Let me be clear. I would NOT like this to happen. However, given where Bitcoin is in its market cycle as well as technical reasons after this very powerful rally from March 2020 lows, it does make a lot of sense to expect such price action unfolding over the coming 6-8 months. I am not saying that it will certainly happen, but I believe it could play out. Here are the reasons: 1- very powerful parabolic rally, particularly in Q4 2020 - but really since the March corona virus crash 2- a LOT of confluence exists for support around the 13-14k levels (61.8 fib retracements, long term trendline, 21 EMA) 3- a breakout to $22k fib extension levels & long-term trendline would catch MANY traders like fish in a hook IF it proves to be a false breakout i.e. price sees a powerful rejection (blowoff top) from $22k levels and heads back below ATH ($20k) on the monthly & weekly charts. 4- getting Bitcoin's typical 35-40% corrections in a bull market and retest the 2019 Yearly high. At any rate, let's see what happens. I just thought I'd present to you the risk of having an overall bearish 2021 wave, with the bullish excitement getting pushed EOY 2021 and 2022 (consistent with extending crypto market cycles). Best luck in crypto land - trade safe! Leb Crypto
COINBASE:BTCUSD
by Leb_Crypto
1
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example). You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target. I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly. I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) . Enjoy the setup please! :)
CME_MINI:ES1!
by ghattas360
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example). You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target. I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly. I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) . Enjoy the setup please! :)
FX:USOIL
by ghattas360