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Weeklymarketsanalysis

USD/JPY: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that USD/JPY is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! 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. :-)
by Trading2ez
EUR/USD: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that EUR/USD is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! 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. :-)
by Trading2ez
NZD/CHF: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that NZD/CHF is currently right at a significant level. If the Key-Support-Zone (CHECK WEEKLY CHART) holds and price stays inside the FLAG-PATTERN we could get a potential BUY-SIGNAL! If the Key-Support-Zone can`t hold and price breaks out of the FLAG we could get a potential trendfollowing breakout and a SELL-SIGNAL! 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. :-)
by Trading2ez
2
NZD/USD: Your OPPORTUNITIES for the WEEKHey tradomaniacs, this is just meant to be a weekly preparation and shows that nZD/USD is currently right at a significant level. A support above the trendline would confirme the breakout and could be a potential BUY-SIGNAL! A break below the trendline and out of the rising-wedge would be a potential SELL-SIGNAL! Hope this will help you to get prepared for the next week. :-) 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. :-)
by Trading2ez
Weekly US Market Update | Week Ending on 1st of May 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 1st of May 2020. The Dow Jones Industrial Average closed on Friday with a loss of 2.55%, losing 622.03 points and closing at 23723.69. On a weekly basis the Dow Jones had a loss of 0.22% while from the start of the year it has a loss of 16.87%. The S&P 500 closed on Friday with a loss of 2.81% losing 81.72 points and closing at 2830.71 points. For the week the S&P 500 had a loss of 0.21% while it's YTD performance is -12.38%. The NASDAQ Composite Index closed on Friday with a loss of 3.2% losing 284.6 points and closing at 8604.95. For the week it was down 0.34% while from the first of the year it is only 4.1% down. As you can see the NASDAQ composite has better performance than the other two major indexes. The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 28th of April we had a distribution day on both Nasdaq and SP500. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day. So we have 1 distribution day for the Nasdaq and 1 distribution day for the SP500. A lot of distribution days on a short term means weakness for the rally. Nasdaq broke the Trendline Support (2). Personally I wouldn't be afraid if we have a pullback at our Trendline Support (1) and then the markets continue up. If this happens, it's normal. If it breaks the Trendline Support (1), more downside will happen. But the Friday's Candlestick shows that the market will fall a little more. We remain on an UPTREND right now and we have to see if it will break the Trendline Support (1). As long as we are above the Trendline Support (1) we are ok. See you next week for another Weekly Market Update!
TVC:IXICLong
by dionthas
Week in a glance: negative oil prices and sad stat dataThe main event of the past week, without a doubt, was the epic failure in the oil market on Monday and the drop of May oil futures quotes into a deeply negative zone (up to - $ 50 per barrel). We wrote about the reasons for this in our reviews. The bloodbath continued on Tuesday when the world's largest oil futures ETF fund decided to reposition itself from June futures contracts into longer terms contracts. These events spread panic not only in the oil market, but also in the financial markets in general. At the same time, our confidence in the medium-term oil purchases is still here. Given that both crashes on Monday and Tuesday were related to technical issues, our global argument did not suffer from them. It is difficult to worsen the current fundamental background for oil. But it is to improve it. So we stay in buy position. After the shock in the oil market subsided somewhat, economic data came to the fore. Which turned out to be worse than the most pessimistic forecasts. Indices of business activity in the Eurozone, the UK and the US came out just disgusting. As well as jobless claims figures in the United States (+ another 4.4 million). In this regard, we definitely keep on recommend to sell in the US and EU stock markets. An additional motivation for sales is the potential second wave of the pandemic, which, apparently, even without partial removal of restrictions, begins in Germany and Spain. In any case, a sharp jump in disease after weeks of declining is a very bad signal. After retail sales in the UK demonstrate record drop in the entire history of observations, we recommend to sell the pound not only in the EURGBP pair, but also in the GBPUSD pair. That is, this week we buy EURGBP and sell GBPUSD. EURUSD sales also seem like a good idea in light of extremely weak data on the Eurozone and Germany in particular. Bank of Russia cut the rate by 0.5% on Friday. The event, although expected, is definitely negative for the Russian ruble. And the fact that it has not yet dropped does not cancel its inner weakness and general doom to decline. So this week we will actively buy USDRUB. With the worst outcome, this will be a good hedge for our oil purchases. In 2020, the correlation coefficient between the Russian ruble and oil is 0.98, that is, with a probability of 98% a decrease in oil prices will provoke a decrease in the ruble. The upcoming week does not promise to be simple. The publication of US GDP for the first quarter, meetings of key global central banks (the Fed, the ECB and the Bank of Japan), as well as a bunch of other macroeconomic statistics guarantee a surge in volatility.
Short
by Trade24Fx
2
Weekly US Market Update | Week Ending on 24th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 24th of April 2020. The Dow Jones Industrial Average closed on Friday with a gain of 1.11%, adding 260.01 points and closing at 23,775.27. On a weekly basis the Dow Jones had a loss of 1.93% while from the start of the year it has a loss of 16.69%. The S&P 500 closed on Friday with a gain of 1.39% adding 38.94 points and closing at 2836.74 points. For the week the S&P 500 had a loss of 1.32% while it's YTD performance is -12.2%. The NASDAQ Composite Index closed on Friday with a gain of 1.65% adding 139.77 points and closing at 8634.52. For the week it was down only 0.18% while from the first of the year it is only 3.77% down. As you can see the NASDAQ composite has better performance than the other two major indexes. The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day. We remain at 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally. Personally I wouldn't be afraid if we have a pullback at our Trendline Support (1) and then the markets continue up. As we told on our previous Weekly Market update we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday 17th of April we saw a pinbar . So there was a 65-70% probability for the markets to have a pull back to the Trendline support as it happened. But now we have also a test at Trendline Support (2). We remain on an UPTREND right now and we have to see if it will break the Trendline Support (2). If this happens then it may move until Trendline Support (1). See you next week for another Weekly Market Update!
TVC:IXICLong
by dionthas
1
Weekly US Market Update | Week Ending on 17th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 17th of April 2020. The Dow Jones Industrial Average closed on Friday with a gain of 2.99%, adding 704.8 points and closing at 24,242.5. On a weekly basis the Dow Jones had a gain of 2,21% while from the start of the year it has a loss of 15,05%. The S&P 500 closed on Friday with a gain of 2,68% adding 75 points and closing at 2874.57 points. For the week the S&P 500 had a gain of 3,04% while it's YTD performance is -11,03%. The NASDAQ Composite Index closed on Friday with a gain of 1.38% adding 117.8 points and closing at 8650.1. For the week it was up 6,09% while from the first of the year it is only 3,59% down. As you can see the NASDAQ composite has better performance than the other two major indexes. The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day. So we have 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally. Personally I wouldn't be afraid if we have a pullback at our Trendline Support and then the markets continue up. As you can see on the graph we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday we saw a pinbar. So there is a 65-70% probability for the markets to have a pull back to the Trendline support. We have to see also the earning season. If the results are not good, the pull back has more probability to happen. But whatever happens, we are on an UPTREND right now. See you next week for another Weekly Market Update!
TVC:IXICLong
by dionthas
NIFTY weekly analysisNifty CMP is 8083 * If you see the weekly RSI, then it will show nearly about 15 indicates (nearly about all time low) that there is no strength is left to go further downside (Below 7500 level). * If Nifty breaks the 7500 level then it will clearly indicates strong bear run into the market and could go around 6300 level. * Now sudden fall in the market might not seen further as it factored previously and it may take a pause in the range of 7900-8700 levels for a long time period of 2-3 months. * volatility in the market will reduce gradually from now and it will stabilize as clearly the chart has very small strength to go further downside and may take reversal. * Right now nifty is standing nearly at the retracement level of 78.6% from 2016 to 2020 bull run. Already broken the so called golden ratio of 61.8% * Nifty might go under a long sideways zone of 8500-11000 level for the next 2-3 years * whatever the situation occurs like invention of coronavirus vaccine, then also i am not seeing the further bull run from now onward to 12500 level for the period of 1-2 years.
NSE:NIFTYEducation
by rvbhatt