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Weeklyforecast

GBPUSD - WEEKLY ANALYSISGBPUSD - Refer the charts, I have marked the levels for both side movement probability. Current situation : Positive bias is there, momentum is in buying side, For now approach should be a BUY at current price range 1.29200 - 1.29400 Maintain stop loss around 1.28700, If your risk appetite allows you can keep 1.27600 as a major support zone or stop loss level. Potential upside move 1.32000 In the lower side Sell below 1.27500 Maintain stop loss around 1.28700 Potential down side move 1.24800 Follow the levels as mentioned above. Traders, if you liked 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. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Long
by Professor_GS
Practice Patience with GoldGold had the biggest weekly loss in close to 2 months. It also ended a 5-week ranging market that took the shape of a symmetrical triangle soon after the breakout from a near 6-month rising channel. With that, the gold is now on sale, an 11% discount from its all-time high. While the dollar seems to be in high demand as a safe haven currency, what performed the best is still gold especially in a risk-off market like the one we are facing now. Gold was just too overpriced but many will be observing for the right time and best price to buy the gold again before the next gold rush. Therefore, we will probably expect the gold to fall into another range eventually and we will practice more patience with trading gold. Otherwise, the best price to start buying the gold will be from the 1800 demand zone. It was once a very strong resistance throughout 2012, and the bull rush has begun shortly after it was broke through.
OANDA:XAUUSD
by AlgoVenture
3
Dollar's Comeback ContinuesAfter ranging for more than 2 months and reaching a 29-month low, the dollar started to show signs of reversal. The reversal took off strongly and broke above the top of its previous range just below 94 with very little pause. The dollar continued to climb and finally reached the top of a 6-month falling channel where resistance was presented. However, a reversal failed to take place and the dollar went out to break above the previous day high on the very last trading day. US dollar rose amid a risk-off market sentiment and also due to a technical oversold. The dollar is likely to inch higher further before Friday's NFP. We will keep our short-term view bearish or slightly towards ranging for now until it reaches the supply zone above 95.
TVC:DXYLong
by AlgoVenture
GBPUSD More Room for DownsideGBPUSD started a downtrend when it gapped downwards and broke a trendline upon Elliot Wave completion. Last week, Price has once again broken a 6 month trendline, and retested break out point before a bearish closing on Friday. This week, we can assume GBPUSD will continue it's downtrend, at least back to its previous low at 1.278, with next immediate support being at 1.2545. Continue selling GBPUSD once there are small pullbacks in the smaller timeframes upon market opening.
Short
by AlgoVenture
GBPUSD - Weekly Analysis.GBPUSD - Looking bearish on bigger time frame, breakdown is there on the chart, I have made a projection follow it properly. Look for a short selling opportunity. Follow the levels : Sell range : 1.29250 - 1.29400 Stop loss : 1.29900 Target : 1.28700 - 1.27900 Traders, if you liked 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
1
Dollar still owes a Bullish WaveThe dollar continued to range and trended slightly lower. The bearish movement can be seen as a pullback for the previous bullish trend which saw the minor bearish structure broken. On the other hand, the dollar is very oversold and hasn't pulled back significantly enough even though the current highs are still trading lower. This week, we will still maintain our bullish bias and continue to buy the dollar as part of a short-term trading strategy.
TVC:DXYLong
by AlgoVenture
Gold Completes Elliott TriangleSince the selloff started in early August, gold has fallen into a consolidation, forming a symmetrical triangle. The gold was trading above support level 1939 throughout the week but has broken below a rising trendline the day after FOMC. The bearish wave after FOMC has also marked an end to an Elliott triangle which could potentially send the gold further south. Last Friday has shown a significant pullback and therefore, we can look to sell gold in the coming week as soon as the market is opened next week.
OANDA:XAUUSDShort
by AlgoVenture
Litecoin is into the good zone of Accumulation: Bullish too!!!In weekly timeframe, we could to appreciat that Litecoin is fomred a simetric triangle, and that obviously show a Litecoin so undervalued and for future, I see a Litecoin so bullish, this is another cryptocurrency that I don't missing out the radar!!! Also, we could to appreciate a strong resistance line formed on May 2018 and that, the trend was bearish, now, Litecoin is more of 2 years of accumulation and this is another cryptocurrency that I'm in fromd of my eyes to studying!!! Also, guys I add my link to related ideas about all of Litecoin!!!, and then what we expect for the future of Litecoin!!!
COINBASE:LTCUSDLong
by harisonhbn9718
1
GOLD - WEEKLY ANALYSIS.GOLD - Gold revises back from the low of 1915 making it as a strong support zone. Trend and sentiment is BULLISH, break below major support zone of 1900 will be STRONG SELL. For next week - trade as per the levels mentioned ; For now approach should be buy with a STOP LOSS of 1911 for potential up move till 1964 - 2008 Below 1900 it can further drag down to 1815 level maintain stop loss of 1922 for short selling. Traders. if you liked this idea hit the like button and 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 !!
OANDA:XAUUSD
by Professor_GS
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