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Weeklymarketsanalysis

EURUSD looking for the 1.16? 🦐EURUSD on the weekly chart got rejected at the top by an extremely strong trendline. The market created almost a double top and now is approaching a weekly support level at the 1.17400. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. 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 the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
USD/CAD 1W analysis Looking Bullish Hello everyone , as we all know the market action discounts everything :) The USD/CAD pair looking to be bullish with the completion of a cup and handle with confirmation last week where the market price jumped up the resistance level at 1.24788,The USD/CAD jumped on Monday rising 1.2% after increasing 1.3% last week .The trend seems to be getting move momentum as time goes by at least for the next week or 2. The US Dollar Index (DXY) was able to cross above the resistance at 92.80. The next step would be the resistance at 93.10. If the US Dollar Index gets to cross that, we will see the USD/CAD getting more support. by using different indicators we were able to confirm this bullish movement where we see that : 1_The market price at 1.27411 trending above both the MA (1.23675) and the EMA (1.24432) (bullish sign) 2_The RSI at 59.70 showing strength in the market as it gains more momentum and no divergences were found (bullish sign) 3_The ADX at 35.79 showing that the market is trending with a positive cross over between DI+ and DI- , where DI+ at 25.48804 and DI- at 16.30824 (bullish sign) Support & Resistance points : support Resistance 1_ 1.2486 1_1.2679 2_ 1.2361 2_1.2747 3_ 1.2293 3_1.2872 Fundamental point of view : The USD/CAD rallied on Monday breaking out and hitting highs not seen since February. The dollar was broadly higher against most major currencies as fears of the Delta variant of the COVID virus weighed on riskier assets. U.S. yields declined sharply and stocks fell, which gave the greenback a safe haven bid. The economic highlight of the week for Canada is the May retail sales report on Friday, which is expected to be weak. On Monday, the National Association of Home Builders reported a dip in their July index to 80. The index hit a record high of 90 in November of last year. Of the index’s three components, current sales conditions fell 1 point to 86. Buyer traffic declined 6 points to 65, and sales expectations in the next six months rose 2 points to 81.( According to FXEMPIRE ) _____________________________________________Make sure to Follow and Like for more content_____________________________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
1
Weekly Outlook! 7/19 - 7/23Here is what we are watching for this next week! NYSE:DASH Dash we are seeing a nice bounce at the .382 FIB level. We'll be looking to take a position on a move over $170 or under $164 NASDAQ:EA Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is trending upwards NASDAQ:FB FB we are looking to play some continued momentum to the down side and look for a move under $340 NASDAQ:ZM Very similar to DASH in that we've bounced off of previous resistance and the .382 FIB level. We are looking to take a move over $366 and under $354 NASDAQ:CRWD CRWD is also sitting at long term trend support, we are looking to take a move over $254 and under $247
NASDAQ:CRWD
by ThirtyninethParallelInvestment
No surprises yet EUR/USD still Bearish Hello everyone , as we all know the market action discounts everything :) I've posted a couple of ideas about the EUR/USD analysis and today we see that the market moved exactly how we thought it was gonna move . first one on jun 25th : second on july 6th we are still waiting on the breakout of the neckline of the head and shoulders around the 1.17635 area , no reversal sign to be found yet on the chart and the major trend still seems to be in the hands of the bears . indicators confirming this where : 1_The market price moving below the MA and the EMA (bearish sign) 2_Stochastic oscillator is in oversold zone with %D at 20.55 above %K at 5.96 (bearish sign) 3_Williams %R is in oversold zone at -94.06 showing the weakness of the market (bearish sign) Support & Resistance points : support Resistance 1_ 1.1835 1_ 1.1919 2_ 1.1763 2_ 1.2005 3_ 1.1695 3_ 1.2032 Fundamental point of view : According to DailyFX: Following Tuesday’s sharp selloff to the sub-1.1800 levels, EUR/USD now looks to attract dip-buyers and retake, initially, the 1.1800 hurdle amidst some cautious mood ahead of Powell’s semiannual testimony to the Congress. Spot lost nearly a cent on Tuesday after US inflation figures surprised to the upside in June, noting that headline consumer prices rose 5.4% YoY (highest since 2008) and the core CPI gained 4.5% YoY (highest since 1991). In addition, pressure for an earlier-than-expected tapering of the US QE programme continue to build up , in stark contrast to the ECB stance. On the latter, ECB’s De Guindos said earlier in the week that the Council will discuss the bank’s forward guidance next week. It is worth recalling that the ECB event is due on July 22. In the euro data space, Industrial Production in the broader Euroland contracted 1.0% MoM in May and expanded at an annualized 20.5%, both prints coming in short of estimates. In addition, final Spanish CPI rose 0.5% MoM in June and 2.7% over the last twelve months. EUR/USD returns to the area of recent lows near 1.1780, just above the key 2020-2021 support line. Price action around spot, in the meantime, is expected to exclusively hinge on dollar dynamics, particularly as investors continue to adjust to the Fed’s hawkish message, prospects of higher inflation in the US and potential QE tapering earlier than anticipated. On the euro side of the equation, support for the European currency in the form of auspicious results from fundamentals in the bloc now appears somewhat mitigated considering recent data, although the investors’ morale remains high amidst the persistent optimism surrounding a strong rebound in the economic activity in the second half of the year. Make sure to Follow and Like for more content This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask Thank you for reading.
Short
by GabiDahduh
GBPNZD testing the channel 🦐GBPNZD on the weekly chart is testing the resistance area near to the upper trendline of the channel. The market closes the week with a nice bullish candle and according to Plancton's strategy if the price will flip the resistance during next week we will be ready to set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
Gold: Weekly Forecast 20210711Gold has climbed for the 3rd consecutive week since it rebounded off from the neckline of a previous double bottom. Resistance is currently seen at 1815 as gold kept getting rejected multiple times and ranged for 4 days already. This could very well bring about another pullback based on the volume and the duration of the current bullish wave. However, given the fact that it was able to close and stay supported at the resistance turned support level 1795, we shall adopt a more bullish view and look for buying opportunities. We are expecting pullbacks at the beginning and will be looking to buy from 1803. And if the gold is able to trend and break 1820, we see a potential of reaching 1860 as there won't be much resistance in between.
FX_IDC:XAUUSDLong
by AlgoVenture
EUR/CAD Analysis Welcome back! Please support this idea with a LIKE if you find it useful. *** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your entry criteria rules. If you trade KiSS 2.0, keep your eyes on major technical levels for the best potential trades. 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
Weekly-Montly EUR/USD chart analysis FX:EURUSD There is a Reversal-Level spotted in 25 feb 2021 and now its creating the second Reversal-Level again From the trend line and fibo , The Market would make a short Reversal-Level before continuing the previous Bullish Trend But if the Market move down below 0.786 fibo level, it might create a new Bearish Trend just in case If the price move as expected in the chart This is my set-up Entry Point = 1.22894 Take Profit 1 43.6 pips = 1.23330 Take Profit 2 118 pips = 1.24074 Take Profit 3 155.1 pips = 1.24445 Stop Loss -119.9 pips = 1.21695 Risk Reduction Entry = 1.22950
Long
by Hiraga_Sakoto