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Weeklymarketsanalysis

Gold Weekly Forecast: Gold is heading to uncertainty. The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after. Before this weekend's holiday festivities and tomorrow's FOMC Chairmen Powell addressed Friday at a Bank for International Settlements seminar. "Inflation will linger longer than predicted," he said, adding, "the tools available." However, with 2022 so close, there seemed to be less fear about an eventual fall down to earth. What happened last week? The market's defeatist attitude was exacerbated by China's weak growth figures, which boosted the dollar. POSITIVE EARNINGS STATISTICS LIFTED large US banks' equities on Monday, helping the major Wall Street indexes gain traction. This allowed risk flows into financial markets to restrict XAU/USD losses once more, as USD weakness drove them up (and rising Treasury bond yields). This trend persisted on Tuesday, with no significant macroeconomic reports supporting commodities like gold mining shares. The S&P 500 Index closed at an all-time high this week, as gold rose to new weekly highs. On Thursday morning, initial unemployment claims fell below 290K for the first time since March 2020, adding to the evidence that things are looking up in the West. With the recent interest rate hikes by the Fed in December, they have increased the opportunity to return capital through traditional lending markets while still keeping rates low enough that people won't notice much impact if any. What About The Next week? Investors stay on the sidelines ahead of major events, so the market is unlikely to react substantially. What will include these figures in a US economic docket on Tuesday, but they could impact the future because of how soon they come out. While you may have had a lot going on in your brain, including fear or excitement, the tone of your output should stay nice. We will get our first estimate of third-quarter GDP growth from the Bureau of Economic Analysis. Given that the lackluster September Nonfarm Payrolls data did not change the Fed's tapering plans. We could see another leg upward in T-bond yields in the coming weeks. A breach above 1.75 percent for the benchmark 10-year Treasury yield would open the door to new prospects for dollar strength. If you've been struggling financially because your income isn't quite enough longer, these figures may be able to help you get back on track. On the one hand, if the Federal Reserve delays its planned reduction in asset purchases to cool down the markets, it might generate significant investor issues. Anything might happen in the market next week, given how unpredictable it currently is. Several pieces of news will be released that could have an impact on the direction stocks take. Facebook's earnings report will be released on Wednesday (in which they forecast $5 billion in revenue). Amazon's quarterly results after trading hours on Thursday evening EST/Wednesday afternoon PST. They are expecting to generate more than $55 billion this time around. Still, it depends on whether there was any disruption from last month when one of its distribution centers experienced an overflow during Prime Day, which caused some shipments to be delayed. XAU/USD Technical Analysis Technically market is on an uptrend in a short time frame. But along bearish candle may send the gold lower, as I have seen many times before. Last Friday, Powell didn't send any strong message; instead, he was a bit dovish. Still, gold dropped from the rising trend line. As two weeks back, average earnings rose, and next week some big tech company will release their earnings report. So it is supposed to have good earnings reports. So, fundamentally there is a chance that gold may drop again. from the present rate, $1780/1775 will play as a strong support zone. Breaking below $1775 gold may test the $1760/1763 price zone. Breaking below $1760, testing the $1745/1750 price zone won't be hard. Absolutely $1745/1750 will act as solid support. And we have seen some upward correction nearly $1780 price zone again from $1745/1750. Finally, if we see gold price breaks below $1745, we will set our last target at the $1720/1725 price zone. On the other hand, $1808 is the immediate resistance from the present rate, and the swing area is identified at the $1715 price level. So, we may go for but if the gold price breaks above the $1715 price zone. $1730/1735 has been acting as an acritical resistance for a long time. So, if we buy above the $1715 price zone, we must close it to nearly the $1730 price zone. If gold price can break above #1735 price, we must think for a long term buy at least almost $1900 price zone.
TVC:GOLD
by Gold_Trading_Expert
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend, As usual, here's our weekend analysis for the week's trades by our Indicators now available Open Source by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings with the Ichimoku Kinko Hyo. Tendency: As described in the previous weeks, the downtrend weakened a lot and the Kijun Trend Indicator also indicated the reversal. Right now the price is in a critical area as it is on the Tenkan Weekly and it was rejected by the Kumo. Most of the short-term lines confirm the uptrend desire and the Senkou Span A and Senkou Span B are getting closer and closer. Supports and Resistances in the area and not only: - 75000.00 by Fibonacci - 67000.00 by Historical Maximum - 66001.41 by All-time-high Chikou - 51800.00-52600.00 from Ichimoku Flat areas/Chikou Cusps - 40500.00-40700.00 from Ichimoku Flat areas/Chikou Cusps - 33500.00 from Ichimoku Flat areas/Chikou Cusps For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe. Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Heikin-Ashi: The Heikin-Ashi confirmed the Kumo rejection that stopped the green series and not presenting some strong red candles. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price is at 0.618. Usually a retracement is considered from the 0.382 to 0.618. Conclusions: BTC continues to be in a downtrend but there is a possible reversal. It is important to evaluate the closing of the week on the following price structures: - Bullish 45000 - Bearish 40500-41500 For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly variation: - Total Crypto Market Cap: Decreased - Dominance of BTC: Increased - Price of BTC: Increased - Alt Cycle Expectation: Decrease Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
6
Head & right shoulder (Weekly) Dump incoming! 49k-53kIn the big picture. We can notice the pattern's right shoulder that has not been created properly yet 49K could be the bigger resistance and the market could enter the long-range sideways between 49k to 53k If it lost the range there and the head and shoulder pattern could be validated so that Downside can be started. When we look at the daily. It is quite optimistic but the right shoulder is not there yet. This is how it seems to me. If you would like to see my new gem and other altcoins gems, don't skippy, bounce your sticky money on the like button. Thank you very much!
Long
by Flowrowboat
EURGBP : Part 1 weekly price action This is a EURGBP chart. In this, the major trend is up. in history, the price has given 4 times of respect to the major trend. on 29 December price is making a new high, sellers are entering on this signal breaking the major trendline and by making an excess price from 78.6 % of the level is going high. here supply gets converted to demands and the intermediate trend is having a breakout. at the moment, the price is consolidating at 38.2 % of the level. but it's unable to break this level. price is going up and making a level. I have named it a Hammering door. price is trying to break this but it is not happening, but now it could be possible because the price is continuously knocking on the hammering door. In this continuous manner, it is trying to knock on the door with volume, resulting in a broken door. price is making a new high but by getting selling pressure, it is going downwards to the consolidation area. Finding a relationship between major and intermediate trends of the consolidated area, this consolidated price has broken the intermediate trend which would act as resistance. relation with the major trend line, the consolidated price is pushing up with volume. Now, the current price of the support and resistance level of 23.6 %. It was a support level earlier but now acting as a resistance level. We can spot the price rejection by noticing the wick.
by supreme_bull
3
BHEL - LONG TRADEIt can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021. For this stock 60.7 acts as a crucial level from May 2004. The Stock is at a trend line support Trade Details: Trade Active : When trend Line breaks Entry: below 63 Stop Loss: Below Trend line Targets: 66, 69.7, 74, 77 Holding Period: at least 2-3 weeks Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target. Happy Investing :)
NSE:BHELLong
by Rajat_the_HERO
Gold weekly analysis: The USD in under pressureThe dollar has posted its worst weekly performance in five months as it closes out the week. China's gross domestic product (GDP) is higher than expected is at the top of all of the other happenings this week. We will be keeping an eye on various data points throughout the week. It was the largest weekly loss in the general index of the US dollar since August of last year when it closed the trading session on Friday, the 14th of January, at levels of 95.14, after testing its lowest level in two months at 94.60 midweek, as the US dollar ignored all the news that supports the speed with which the US Federal Reserve is tightening policy. Because of his monetary policy, which includes raising US interest rates more quickly during the current year and raising expectations that what will raise interest rates four times during the current year rather than three times as previously expected, interest rates are expected to be submitted four times during the current year. At the beginning of the week, statements by US Federal Reserve Chairman Jerome Powell reinforced these expectations, as Powell stated in his testimony before Congress that the US Federal Reserve must raise interest rates quickly to counteract the effects of accelerating inflation. According to the most recent figures, the consumer price index in the United States of America increased at an annual rate of 7 percent in December, compared to 6.8 percent in the previous reading, in line with expectations for the fastest rate of inflation growth in 40 years. In November, the consumer price index increased at an annual rate of 6.8 percent, compared to 6.8 percent in the previous reading. The dollar did not benefit in any way from all of this, and despite the positive news that dominated most of last week's sessions for the US dollar, the dollar continued to decline sharply. However, I believe this can be explained by the beginning of the year and the construction of new centers, especially given the high expectations of pricing an opportunity greater than 90 percent. Moreover, according to the FedWatch CME Group tool, what will raise the interest rate in March, and it will be presented a total of four times during the current calendar year, starting in March. One of the most recent data released last week was the December retail sales data from the United States, which came in below expectations and disappointed as sales fell by 1.9 percent in December, raising concerns about the economy and rising inflationary pressures on consumers spending. Aas fundamentally the USD is under pressure, so the gold still has chances to go upside in the coming days. Check out the H4 chart to better understand. What is it that the markets are looking forward to this week? Several important economic reports are expected to be released during the sessions of the current week, and the markets are anticipating them. We began the day with data from China's growth and retail sales, which were released during the Asian session, as well as minutes from the Central Bank of Japan's meeting, inflation data from Canada and the United Kingdom, labor market data from Australia and the United Kingdom, and manufacturing data from the United States of America. Data released by the Chinese National Bureau of Statistics in the Asian session today, Monday, showed that the country's gross domestic product (GDP) increased by 4 percent in the fourth and last quarter of 2021, exceeding expectations of growth of approximately 3.7 percent. On the other hand, retail sales fell short of expectations, with annual sales growth slowing to 1.7 percent, down from 3.9 percent in November and expectations of 3.8 percent in December. On the other hand, industrial production increased by approximately 4.3 percent in December, compared to a growth of 3.8 percent in November, exceeding expectations of a gain of 3.7 percent, while the rate of investment in fixed assets increased by approximately 4.9 percent. The Bank of Japan is featured prominently on the front page. The Bank of Japan is expected to announce its monetary policy tomorrow, Tuesday, during the Asian session, with expectations indicating that the Bank of Japan will maintain its monetary policy and interest rates at -0.10 percent. The sharp rise in the value of the Japanese yen over the past week may explain why the Bank of Japan has hinted that it may impose strict measures shortly, particularly in light of the rise in inflation in Japan, which is in line with the global trend. On the other hand, Japanese bond yields saw significant increases last week, with the 10-year bond yield reaching its highest level in more than a year on concerns that the Bank of Japan will tighten monetary policy shortly. We will keep an eye on various data points throughout the week. Today, Monday will be a trading holiday in the United States observant of Martin Luther King Day. At the same time, manufacturing sales and the Bank of Canada survey of business outlook will be released from Canada in the late afternoon and evening. During the Asian trading session on Tuesday, the Bank of Japan will announce its monetary policy, while during the European trading session, we will be looking at data from the British labor market, the ZEW index from Germany, and the Eurozone, and during the American trading session, we will be looking at the Empire Estate manufacturing index from the United States of America. Thursday's economic calendar includes inflation data from the United Kingdom in the European period and Canada in the American session and statements from Bank of England governor Mark Carney at the end of the American session. On Wednesday, inflation data will be released in European and American sessions. What will monitor Thursday's labor market data from Australia (unemployment rate and change in employment) in the Asian session? At the same time, the European region will release the final inflation reading in the European period - in the American session, the Philadelphia manufacturing index, weekly unemployment benefits, and home sales will be removed, among other things. The final session of the week is on Friday. The Bank of Japan meeting minutes will be released during the Asian session, and we will be keeping an eye on retail sales in the United Kingdom and Canada during the European and American sessions, respectively.
TVC:GOLDLong
by Gold_Trading_Expert
2
BTC closed around 46.6k and looks good to me on weekly chart!!Technical Analysis: Bitcoin (Weekly chart UPDATE):- BTC closed around 46.6k and looks good to me on weekly. We might see a wick down to liquidate the remaining longs and push to the upside from there. Reclaiming the 50D MA is what BTC needs in the next candle close. btc make an ascending tringle and its playout very well, btc now down at lower support and try to rebuild another leg upside and RSI also making bearish Divergence which playout right now as well as retested the pervious trend line !! First time since 27th April 2020, Weekly Candle Closed Below the MA50 Now, All Eyes on 44k Crucial S/R Level If Bitcoin Bulls lost the 44k S.R As Well, Bitcoin Might Retest the 29k Support in January 2022. In Bullish Case, If Bitcoin Remains Above the 44k Support, Bitcoin Might Bounce Back towards the 60-61k Area 🥰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 #bearmarket #sideways #btcusdt #weeklyclosed
by Bitking786
2
Weekly Line Chart DivergencesHello traders, I am not a financial advisor. I am not telling you to trade any asset. I am simply sharing my ideas on how to use tools to implement my own investment strategy. Here is a zoomed-out look you can use to come up with some of your own ideas on where the $SPX may go and how to manage your risk. Most of my core strategies are developed on the indices so I will have to implement them on individual tickers unless the comments are interesting. This is a lagging indicator and should put me on the side of the trade that is *probably* likely to continue. By probably, I mean you need to do your own research and look at what the markets want to go and develop your own tools to work with the data. Orientation: Line Chart of ticker on weekly time frame RSI using 12 periods (or weeks, in this case) Signals can be marked using a vertical line or time-based axis marker . In this case, I am using 3 colors of lines, explained by the "Monday Action" legend. We will dive into more detail later on. I also have EMA using ohlc4 on periods (or weeks) 10, 25, 50, 100, 200. Now to the good stuff: Divergences have been around for quite some time. Research about the RSI (Relative Strength Index) and it's roots It is much easier to see something that is larger, than smaller, thus we look at weekly time frames One can use volume, closing price and RSI to help manage one's risk Narrowing a decision to 3 choices can help alleviate indecision So for this application of the RSI and divergence, one can use a simple line chart on a weekly time frame (this chart is based on the closing price from what I can tell, but I was unable to confirm that with the Help Center. I was able to confirm by checking yesterday's close with current reading - it will be different after this post as the weekly close will come in today (writing before market close Friday morning)). We can start at the March 2020 rally. We can see the March 23rd, 2020 weekly close paint a divergence on the RSI. One can see the price close at a higher high when compared to March, 16th, 2020. The RSI values remain relatively flat: 17.95 to 18.04. Find entry One might conclude this is a time to buy. Because of the magnitude of the move DOWN, the move up was also shorted. One would have to employ the use of other tools in order to find entry in the following week. (Use the white anchored notes to see the explanations of thought process). Find an entry in the next week. One can place orders on the weekend in "shotgun fashion" perhaps placing 50% order above current price and 50% below, or whatever method suits you. Hedge Risk The next yellow line is 08/24 - 31/2020. The close indicates indecision in the market. Since this is the first divergence I would simply hedge the FANTASTIC long during the March 2020 buy. This can help to be determined from YELLOW vs RED using the 10 period moving-average of volume. Use options or other means to protect one's long investments Sell of Heavy Hedge The next divergence is JAN 2021. This is the second one so I would probably sell at this point. I would use my other tools to figure out what to do. Heavy hedging can be using derivatives or shorting your long positions. Timing A simple way to use this strategy might be to use the color's GREEN, YELLOW, RED, just like traffic lights. There will be deviations, and variations to the method, but if you back-test this you will probably find this works generally well. Monday Action Now I used the words Monday Action simply because that was the next possible day to make a decision. I can make my decision probably anytime within Friday if I feel comfortable with it. I can also place actions for Monday on the weekend. Bottom Line This week's close is very important. If we follow the green, yellow, red method from above, this very well can be a RED. It can also be another YELLOW. Volume is indicating something big, but we will see!
SP:SPXEducation
by elkenpolar
Big Picture 19th December 2021Last week’s Forex market saw a lot of important news releases and the early stages of a big wave of coronavirus starting to hit western countries, mainly in Europe. However, directional volatility was not especially high, but we did see quite active markets during the second half of the week following the FOMC release. The US dollar rose a little in line with its long-term bullish trend, but the hawkish tilt from the FOMC on Wednesday did not move the price of the greenback by much. The US Dollar Index ended the week roughly where it started just before the release. Risk sentiment worsened over the week, with most stock markets lower, including the benchmark US S&P 500 Index. Most global stock markets fell over the week, as did the Australian, New Zealand and Canadian dollars which are commodity currencies and key risk barometers. The worsening of risk sentiment globally is probably mostly because there is increasing fear over the impact of the omicron coronavirus variant which has begun to spread extremely rapidly in some European nations and is just getting started in the USA. Safe-haven currencies such as the Japanese yen, the Swiss franc, and the US dollar are all higher, but only marginally so in the case of the yen and the franc. It is worth noting that all these movements are relatively small and the swings in risk sentiment I am describing are nothing special and probably do not represent especially strong trading opportunities. I wrote in my previous piece last week that the best trades for the week were likely to be long of the S&P 500 Index and short of silver in US dollar terms following a daily (New York) close below $21.45. Fortunately, silver in USD terms did not close below $21.45 at the end of any day during the week. Unfortunately, the S&P 500 Index fell by 1.9% over the course of the week. Fundamental Analysis & Market Sentiment The headline takeaways from last week were: The US FOMC announced it would double the pace of winding up its tapering program, so that tapering would finish in March 2022, after which three rate hikes should be expected over the course of the rest of that calendar year to reach a total of about 1%. This hawkish tilt was expected by the market, but it still seems to be having a chilling effect upon risk sentiment. The Fed also warned of the potential impact of high inflation and the omicron coronavirus wave which has yet to really hit the US and may well cause some economic damage. US PPI data came in at an annualized rate of almost 10%, which is high. The Bank of England made a surprise rate hike of 0.15% in its base rate to a rate of 0.25%, a day after UK inflation data came in at an annualized rate of 5.1%, higher than the 4.8% which had been expected. Monthly policy releases from the European Central Bank, the Swiss National Bank, and the Bank of Japan contained no surprises and had little impact on the market. The Turkish lira plunged to new record lows as the prospect of another Turkish rate cut emerged. A coronavirus variant of concern, named the omicron variant, has continued to spread around the world. The variant is heavily mutated, and latest studies suggest that it has a strong capacity to evade current vaccines. However, latest studies suggest that a maximal course of vaccination will still offer strong protection against severe disease. Some European countries have announced new restrictions to try to prevent the spread of the disease, most notable in the Netherlands which just began a full month-long lockdown. The UK is currently announcing almost 100,000 new confirmed cases a day, an all-time high by far. Australian unemployment data came in better than expected, showing a rate of 4.6% when 5.0% had been expected. The coming week is likely to see a lower level of volatility due to the slow economic calendar and wind-down to the Christmas holiday period which begins at the weekend, with direction likely to be determined by the impact of the omicron variant which is currently spreading rapidly in the UK, the Netherlands, Denmark, and Norway. The coming week’s major scheduled economic releases will be: The Reserve Bank of Australia will release the minutes of its recent Monetary Policy meeting. There will be a release of Canadian GDP data. Last week saw the global number of confirmed new coronavirus cases rise to its highest level since last August. Approximately 56.8% of the global population has now received at least one vaccination. Pharmaceutical industry analysts are beginning to doubt the earlier belief than the pandemic would effectively end in 2022, with some seeing it likely to continue until 2024 or 2025. The omicron variant has been confirmed as present in more than eighty countries. The strongest growths in new confirmed coronavirus cases overall right now are happening in Australia, Bolivia, Canada, Denmark, Finland, France, Iceland, Italy, South Korea, Malta, Nigeria, Norway, Portugal, San Marino, South Africa, Spain, Sweden, Switzerland, Vietnam, and the UK.
TVC:DXY
by SmoothJB