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Weeklymarketsanalysis

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
Forex Forecast: Pairs in FocusWhen starting the trading week, it is a good idea to look at the big picture of what is developing in the market as a whole and how such developments and affected by macro fundamentals and market sentiment. There are a few long-term trends beginning to reassert themselves, so it can be a profitable time to trade the markets. Big Picture 12th December 2021 Last week’s Forex market was very quiet leading up to Friday’s release of US inflation data, which was expected to be the key driver of market movements for the week. However, the data arrived almost completely in line with the consensus forecast, and the market did not react very strongly to it. This meant the week ended quietly with low price volatility. Despite the long-term bullish US dollar trend, the greenback fell a little over the course of the week, and it also fell after the US inflation data were released. The inflation data showed that annualized US inflation is now increasing at a rate of 6.8%, the highest seen since 1982. However, the pace of the increase lessened, with the recent month’s increase coming in at only 0.8% compared to 0.9% in the previous month. It might be that the slight reduction in the pace of the increase is seen as significant enough to prevent more panic over inflation. Risk sentiment improved over the week, with most stock markets higher and the benchmark US S&P 500 Index rising to approach its all-time high price. Most global stock markets rose over the week, as did the Australian and Canadian dollars which are commodity currencies and key risk barometers. The improvement in risk sentiment globally is probably mostly because there is an increasing feeling that the omicron coronavirus variant will not turn out to be as economically destructive as had been initially feared. Safe-haven currencies such as the Japanese yen, the Swiss franc, and the US dollar are all lower. The precious metal silver fell to a new 50-day low price after falling quite strongly for several days. It bounced back a little on Friday but remains quite close to 1-year lows. Trend traders may be interested in going short on Silver. I wrote in my previous piece last week that the best trades for the week were likely to be short of AUD/USD and NZD/USD, following daily (New York closes) at new lows. Fortunately, neither of these currency pairs made a new low at the end of any day during the week, so this was sufficient to stay out of what would have been losing trades. Fundamental Analysis & Market Sentiment The headline takeaways from last week were: US CPI (inflation) data came in very slightly higher than had been expected and is now increasing at an annualized rate of 6.8%, the highest seen in 39 years. However, the pace of the monthly increase slowed slightly from 0.9% to 0.8%. Markets reacted little during the rest of Friday’s session. 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. The Reserve Banks of Australia and Canada held their respective interest rates and monetary policies steady in their monthly policy releases during the week. This probably had little impact on either currency, both of which rose firmly. The coming week is likely to see a higher amount of volatility due to the busy economic calendar, with direction likely to be determined partly by the upcoming FOMC release and partly by how dangerous the omicron variant is shown to be as more tests are performed on it. The coming week’s major scheduled economic releases will be: FOMC statement, federal funds rate, and economic projections. Monthly policy releases from the European Central Bank, the Bank of England, and the Swiss National Bank. British and Canadian CPI (inflation) data. New Zealand GDP data. US retail sales and PPI data. German manufacturing and services PMI data. Australian employment data. Last week saw the global number of confirmed new coronavirus cases fall for the first time in seven weeks. Approximately 56% of the global population has now received at least one vaccination. Pharmaceutical industry analysts now expect a large majority of the world’s population will receive a vaccine by mid-2022. The omicron variant has been confirmed as present in fifty-seven countries. The strongest growths in new confirmed coronavirus cases overall right now are happening in Denmark, Finland, France, Italy, Jordan, South Korea, Laos, Luxembourg, Mali, Nigeria, Norway, Poland, Portugal, San Marino, South Africa, Sweden, Switzerland, Trinidad, and the UK. Technical Analysis U.S. Dollar Index The weekly price chart below shows the U.S. Dollar Index printed a bearish inside bar last week, after making its highest weekly closing price in over one year the previous week. While one weekly candlestick of a relatively small size is not enough to invalidate a long-term trend, it is notable that there is clearly strong resistance here, which has had some impact. This suggest that despite the trend, we may be due for a bearish pullback or even a reversal. However, probability suggests this strong long-term bullish trend is likely to continue, so there is no strong reason not to be prepared to a take a long USD trade over the coming week, but do not expect bullish momentum in the USD will necessarily save you. XAG/USD Silver priced in US dollars made its lowest weekly close since July 2020. However, there are a few potentially supportive inflection points below the current price down to $21.45. It is also true that the pace of the bearish decline has slowed, and that Friday was an up day. Therefore, it is far from clear that silver is going to decline now with good momentum, but there does seem to be a potential for a sharp breakdown once the price gets established below $21.45. Traders may wish to short this at the weekly open or at least once the price turns bearish over a few hours, but more cautious traders might want to wait for a daily close below $21.45 or at least $21.53. USD/TRY The Turkish lira has been falling very strongly and losing an enormous amount of its value. The pace of the decline slowed last week, but we again saw the lira reach a new record low against the US dollar and close at a record low too. There is a strong trend here against the lira, the problem for traders is that it is very difficult to exploit this as Forex brokers are asking for huge spreads and overnight fees on long positions. However, the odds remain strong in favor of further declines in the Turkish lira. S&P 500 Index After trading below its 50-day moving average just last week, the major US stock index has risen strongly. Although the price did not trade yet at a new all-time high, the index made its highest ever daily close on Friday. The weekly candlestick was solidly bullish and closed extremely close to the top of its price range. This, and the record high close, are bullish signs. The S&P 500 Index looks likely to remain a good potential buy in the current “risk off” market environment, provided we get no nasty surprises from the omicron coronavirus variant. Bottom Line I see the best opportunities in the financial markets this week as 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.
TVC:DXY
by SmoothJB
EUR/USD Analysis - It Will Head UpwardWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** Current technicals point to a bearish bias on the weekly of EU. After a deep push to the downside and minor correction, sellers struggled to break lower than 1240. A break of above 1352 would signal next target at 1450 zone (previous weekly resistance). Volatility may begin to slow as we approach the holidays so don't expect major movement from this pair. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
Forex Today: Crypto Weak After Bitcoin Flash CrashMarkets have opened with typically low-range price movements for a Monday, without showing clear direction yet. The broader trend is risk-off, with safe haven assets such as the Swiss franc and Japanese yen, while riskier assets such as the Australian and New Zealand dollars and the British pound are weak.Almost all major cryptocurrencies traded strongly lower last Friday, and then Bitcoin suffered a flash crash on Saturday, falling by more than 16% within one hour. All major cryptocurrencies have been consolidating for some hours, but look weak and prone to further falls. Natural gas has continued to fall strongly to new 3-month lows.The Turkish lira traded at an all-time low against the US dollar on Friday and looks set to retest that high today. The price is rising again now over the short term, and it looks likely to rise higher still over the coming days. However, trading the USD/TRY currency pair can be very problematic for retail Forex traders as spreads and overnight fees are extremely high, while its high volatility can also cause problems.The COT (Commitment of Traders) report show the open interest in long US dollar is at its highest level for more than 2 years, suggesting that the long-term bullish trend in the US dollar is likely to continue.The omicron coronavirus variant is still being researched and monitored, with morbidity remaining unclear. Markets remain prone to very strong risk-off movement if forthcoming news about the potency of the omicron variant is negative.The omicron variant is confirmed to be present in 40 countries. There are confirmations of community spread. Several countries (most recently Japan) have either entirely closed their borders to non-citizens, while the US and the EU and other countries have imposed a ban on travel from South Africa and other African nations.Friday’s US Non-Farm Payrolls data showed that the US created a net new 210k jobs, much lower than the 553k which had been the consensus forecast. The unemployment rate fell from 4.5% to 4.2%, a historically relatively low level, showing a tight labor market. The data seemed to have no real effect on the market.Last week saw the seventh consecutive global weekly rise in new confirmed coronavirus cases after two months in which cases fell steadily.It is estimated that 55% of the world’s population has received at least one dose of a coronavirus vaccination.Total confirmed new coronavirus cases worldwide stand at over 266.1 million with an average case fatality rate of 1.98%.The rate of new coronavirus infections appears to now be increasing most quickly in Andorra, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Jordan, Lebanon, Luxembourg, Mali, Malta, Netherlands, Norway, Portugal, Poland, San Marino, Slovakia, Sweden, South Africa, Spain, Switzerland, Trinidad, the UK, and the USA.
COINBASE:BTCUSD
by SmoothJB
Macro bullish - but a couple weeks of slow grindIt looks like we're about to close this week with a HL, which is macro bullish. But reminds me a lot of the may crash. We put in a HL, then grinded down for the next few weeks, until we finally hit support after wicking to 29k. This is where everyone was screaming bear market. If I had to guess, we grind down to as low as 37k, where everyone will once again be screaming bear market, before pumping up. As long as these are just wicks, and we don't get any weekly closes below 42k, I remain macro bullish. Remember, on the bright side during the May-June weekly grind down, this is when NFTs were popping off. My theory? Find a narrative and play it. Keep in mind you'll have to find undervalued coins with this narrative. Current narrative I'm looking at is L2's and Metaverse (Infrastructure, not P2E games). Probably 2 months of grind down (if I'm correct) and then a pop off late Q1-early Q2 of 2022.
COINBASE:BTCUSD
by Kekwiththat
Bitcoin weekly chart seems btc still in bullish in long term!!Technical Analysis: Bitcoin (Weekly chart) In weekly time frame, btc could not sustain on all time Hight breakout and seems rejection. 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 !! if btc weekly closed above the both MA's( 21 and 50 MA) and regain psycho level 50k the it will ready to next upside move around 70 to 80k and it could fail to regain from here then only hope is 28k level to save bull market otherwise we will enter the multiyear bear market, so hope for the best but prepper for the Worst!! 🥰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
Major Pairs Key Levels (Nov.29 - Dec.3)Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance) So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines) I have a bearish bias for US Dollar this week and I think we might see a weakness on it against the other currencies.
by Mahtab_Tradia
6
GBPUSD Analysis - It will head upward Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
6
XAUUSD Weekly Analysis Nov 29 - Dec 5So We saw a very strong movement on gold this last week. And once gold reached 1780 price, it has started to pullback since then. By just looking at the last strong impulsive movement to the down, there is a high probability that we will be seeing some correction movement in this upcoming week, there will be some buyers towards the price of 1840 (very likely to go there) and then we might find a trade opportunity to scale few hundred pips from a single trade. Potential targets: First Take profit should be 1780 price levels where market developed a support level this week. And if market crosses that level and go below. TP 2 will be 1760 price levels TP 3 will be 1725 price level if we break below 1760
OANDA:XAUUSDShort
by TheFalconTraderOfficial
Weekly outlook for Major Forex Pairs Hi there! This is my own view on for the upcoming week for most of the major pairs. DXY looks bearish, so im looking to short USD and bullish on other pairs. ---Disclaimer--- I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed. Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
TVC:DXY
by Hudondonch
2
Major Pairs Key Levels: Nov.22 - Nov.26Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance). So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
by Mahtab_Tradia
4
ETH WEEKLY OUTLOOK TREND ANALYSIS🦏Ethereum never broke our weekly lows. This always means were still in a uptrend, after that we came all the way back and even made a little downtrend but never broke the low. From that pricepoint buyers have woken up and broke the weekly ATH structure. From that point we start to make a weak bearish pullback and in the bullish reversal of the pullback. We then see a doji candle which means that we do not know where to go, after that candle we got a nice bullish candle what was the start of an NEW ATH. I am know waiting for a pullback to the doji area to go LONG.
Long
by MrGoldfish
14
Major Pairs Key Levels (Nov.8 - Nov.12)Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance). So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
by Mahtab_Tradia
22