Get started

Weeklymarketsanalysis

Possible Pullback Before ContinuationGold hasn't been this high since the last recession. Had to put in new levels to pace the move. New zones will be created as the market continually moves up. I don't think it's gonna stop any time soon with the economy devastated by the Coronavirus. This is ongoing. So this is may give god the opportunity to keep rising over time. The most I'm looking for is a pullback before continuing up. I marked up targets for the short if it comes into play longer than expected. Here ya go: BULL TPS: • 1754.14 • 1769.64 • 1795.30 BEAR TPS: • 1733.84 • 1725.92 • 1701.70 • 1686.70
FX:XAUUSD
by NikaJourney
Could Daily Engulfing Candle Signal Where Breakout Heading?So we respected a bearish harmonic on the daily. But this multi-day consolidation is preparing for a big move. But I'm curious will the move be strong enough to break the monthly zone of 136.218 and make a bigger push down if this is going to be a major short? Otherwise, I do see a bearish engulfing as the last candle sitting on this daily zone. So it may be signaling the bull will begin this week. We'll see. BULL TPS: • 138.252 • 139.019 • 140.638 BEAR TPS: • 137.239 • 136.390 • Only id the monthly zone is broken…135.464 • 134.650
by NikaJourney
1
Gold Monthly Weekly Daily analysis 🦐GOLD on the monthly chart is moving inside and historical ascending channel. The price after hitting the historical highs started a retracement move until the 0.5 fib level over the exponential moving average almost at the 0.618 fib retracement. On the daily chart, the price tested the top trendline of the descending channel and retraced until the 1860 area below the ema. IF the price will break and close below the weekly support we can look for a nice short order according to Plancton's strategy. --–– 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
OANDA:XAUUSDShort
by InkyGrip
20
Weekly Trading Analysis 15.11.2020This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses. @DXY: Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: DOWNTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: NEGATIVE ---------------------------- @EXY: Euro Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE ---------------------------- @SXY: Swiss Franc Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: EXTENDED TREND CYCLE B WAVE: WAVE 3 COMPLETED VERDICT: POSITIVE ---------------------------- @ZXY: New Zealand Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE Note: Wait for a Pullback ----------------------------- @AXY: Australian Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE Note: Wait for a Pullback ------------------------------- @JXY: Japanese Yen Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: EXTENDED TREND CYCLE B WAVE: CORRECTIVE PHASE VERDICT: NEGATIVE Note: MORE DOWNSIDE BEFORE TREND CONTINUATION ------------------------------- @BXY: British Pound Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 3 COMPLETED VERDICT: POSITIVE --------------------------------- @CXY: Canadian Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 1 COMPLETED VERDICT: POSITIVE Note: Cad is very strong and keeps an eye on the Bullish move ----------------------------------- CURRENCY PAIRINGS BUY PAIRS EURUSD GBPUSD NZDUSD AUDUSD EURJPY GBPJPY AUDJPY GBPJPY CADJPY SELL PAIRS USDCHF USDCAD
by Charts247TradingAcademy
Weekly Market Update | Week ending on 13th November 2020Hello traders! This is the Weekly Market Update for the week ending on 13th of November 2020. 1. Lets get started with the performance of the major indices day by day first. On Monday we had strong gains for Dow Jones and S&P 500 - news that the experimental coronavirus vaccine co-developed by Pfizer and BioNTech prevented more than 90% of infections in a large-scale study. However, the indices closed far from the highs of the day, as the frantic rally, as well as last week's strong profits, gave investors the opportunity to secure profits. At the beginning, the Dow Jones jumped to a new all-time high with a jump of 5.5%, while the wider S&P 500 also recorded a rally record of 3.7%. Dow Jones: + 2.95% SP500: 1.17% Nasdaq: -1.53% On Tuesday we had mixed signs with the Dow Jones industrial average adding another 262 points. The technology Nasdaq recorded strong losses for the second consecutive session and now loses 2.9% since the beginning of the week. Dow Jones + 0.90% S&P 500 -0.14% (recovered nicely from the low levels of the period, with an early loss of 1.1%) Nasdaq -1.37% On Wednesday we saw positive signs as investors preferred the security of the shares that performed well in the coronavirus crisis. Dow Jones -0.08 S&P 500 +0.77 Nasdaq + 2.01% On Thursday, the growing number of cases in the US has raised concerns about the health of the economy as the year draws to a close. Dow Jones -1.1% S&P 500 -1% Nasdaq -0.7% On Friday,  we ended the week with a mini rally, with investors' "appetite" fueled by hopes that an effective coronavirus vaccine may soon be available. However, there are concerns about the number of coronavirus cases both in the US and in other countries with one negative record being broken after another. Dow Jones + 1.37% S&P 500 + 1.36% Nasdaq + 1.02% On weekly basis the Dow Jones had a gain of +4.1%, the S&P 500 +2.2% while the Nasdaq had a loss of 0.6% 2. The outlook of Wall Street right now is : Uptrend. . The Uptrend was confirmed on 4th of November with our follow through days on Dow and SP500 and on 5th of November with the follow through day on Nasdaq. The distributions days are 1 for SP500 and 2 for the Nasdaq. 3. Technical Analysis for Nasdaq Resistance : 12081 Support : 11542 (which is also the EMA21) 4. Expectation for the next week : Higher
TVC:IXICLong
by dionthas
RLCBTC bounced on weekly support 🦐RLCBTC bounced on weekly support and now the price is testing daily resistance. IF the price will have a breakout upward, We can set a nice order on the retest, According to Plancton's strategy, we can set a nice 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
4
EURJPY analysis by forexbeeEURJPY Analysis: Looking to buy from the below demand zone Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe. Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level. there are high chances of reversal in price.
Long
by ForexBee
GJ FORECAST...GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish Sentiment for this week. I predict a price retracement to 136.25, then a soar back to the top. 137.00 would be the first level of interest for me, price would have to defeat that level in order for a stronger move to D to occur. I've marked a Fib ABCD pattern to help identify direction. This is just a pre market analysis, so nothing too solid.. Just an overall look into a Long Bias. Support My Analysis With A Like & Comment Appreciate The Support!
Long
by lobfxempire
Bears May Still Run Strong This Week....The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish. As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with JPY news happening. So we'll play this trade out in this little area to see which zone it will break out of first: the daily 76.058 zone at the top, or the weekly 73.711 zone at the bottom. BULL TPS: • 74.936 • 75.460 • 75.960 BEAR TPS: • 74.025 • 73.757 • 73.131
by NikaJourney
Will We Make It And Bounce From The Daily Level Again?UC looks like it's making a move to the daily 1.30357 zone one more time to see if it can get through or bounce up once again. Got a strong trendline crossing through the weekly 1.32539 zone, so not sure if price will be strong enough to get through it this week. As always, I left TPs if something in the news jukes it up. For now, I'm trading with the overall trend. BEAR TPS: • 1.31621 • 1.31090 • 1.30446 BULL TPS: • 1.32403 • 1.32808 - if it can break up and through the weekly zone • 1.33264
by NikaJourney
Waiting For Break Out of Weekly ZoneEJ had a big drop all week so this week looks like it can be a pullback before continuing down if it cannot beat the 124.187 zone or the 124.516 which would retest a bearish engulfing from the daily. We're currently sitting inside a weekly zone, so we'll get a nice move out once price breaks out. We are in a bearish channel until we break out of it. I'm not sure that this is the week for that since major news is happening of JPY this week. So let's enjoy the move. BULL TPS: • 123.816 • 124.187 • 124.516 BEAR TPS: • 123.107 • 122.601 • 122.233
by NikaJourney
Litecoin is prepare for the next massive bought!!! It's bullsihWaoh, lookin in weekly timeframe, we see that Litecoin is leave in the end phase that holders is prepare to see a Litecoin so bullish!!! As Litecoin is into this grant accumulation zone, it's a good opportunity to buy Litecoin in long-term, well, my target profit will be the maximum that was $400 USD, this $400 USD was the Litecoin maximum price reaching up!!! So, we could see a massive bullish movmeent of this cryptocurrency soon!!! And also, as in Daily we are into this shoulder head shoulder, we see that Litecoin is prepare up to the next massive movement, Litecoin follow this channel from April 2020 and that mean that this cryptocurrency it's in green zone of accumulation yet to buy it What do you think about Litecoin forecast and where Litecoin is leading for? t
COINBASE:LTCUSDLong
by harisonhbn9718
DREPBTC is trying to break weekly resistance 🦐DREPBTC is trying to break weekly resistance, after a nice bull run. If the price will break weekly resistance According to Plancton's strategy, we can set a nice 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.
DLong
by InkyGrip
13
DXY has a DECISION to make!Hey tradomaniacs, tough week ahead with a lot of risky events which will drive the market crazy! Election debate, further stimulus packages and Non-Farm-Payrolls... uff! "Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum. Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November." "The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth." Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart! Bearish: Cycle-Analysis Double-Top-Pattern Breakout of Channel Potential Wave-Continuation (c) Breakout & Retest-Scenario Bullish: Previous close above Resistance-Zone Strong momentum to the upside SPX500 in downtrend and TL Wave (c) could be finished FAN-LINE holding No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXY
by Trading2ez
9