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Weeklymarketsanalysis

Gold- Weekly Forecast 8th - 12th AprilGold has ranged throughout last week and still maintained above the demand zone at 1282 but also below 1300. The bearish bat pattern has already taken effect as the gold did fall, and at the same time, a head and shoulder was formed too. Since the price failed an attempt to break the neckline, it leaves a possibility for the price to pull back and climb into the supply zone just above 1300. Should gold choose to pull back, it should happen in the first 2 trading days this week. If it doesn't, the price should have no issue with breaking through the neckline and head towards the 4-month demand zone below 1250.
FX:XAUUSDShort
by AlgoVenture
Dollar - Weekly Forecast 8th - 12th AprilThe dollar was little changed last week as ranges between 97 and 97.6. By the end of last week, the price was seen closing below 97.4 within the supply zone which may lead the dollar to start another short-term bearish trend. However, we do not exclude the possibility where the price breaks new high immediately on the first trading day this week. Therefore, I would personally recommend to adopt a 'wait and see' for a clear reversal signal rather than jumping into conclusion to sell the dollar right away.
TVC:DXYShort
by AlgoVenture
GBPUSD, ranging for week 14, expected rise in Week 15GBPUSD moved into bullish level 1 in Week 14, however, it went back down to create a new low for the bullish level 1 towards the end of Week 14, which would have flushed all the profit that long traders made early in Week 14. Week 14 would be a good week for traders who take both long and short positions, largely the day and swing traders. The moves are quite substantial with each rise and drop about 150 pips. I believe many traders would have profited from the range of GBPUSD in Week 14. In Week 15, I would be going in long, and looking for GBPUSD to rise up to a bullish level 3! I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
EURUSD, Ranging in Week 14, lets rise in Week 15.EURUSD largely contained itself within the range in Week 14. Even though in Week 14, we expected it to drop, which it did, however, it went back up to the range at the end of the week. Traders who went short would have netted some profit, traders who went long in the middle of the week will be in profit as well. In Week 14, both long and short traders can be profitable. In the analysis, it shows that the price has gone up to a bullish level 1, and we are expecting the price to continue its movement upwards. The NFP on Friday was not earth-shaking as the price still went back to the range after the initial move. For Week 15, I will be going in for a long and would be expecting a big bullish move in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Long
by xunnobi
USDCHF, no reset in Week 14, what to expect in Week 15?In Week 13, we expected the pair to make a Trend Reset and have an outlook of neutral/bearish. However, in Week 14, the pair made a sharp rise and moved to a bullish level 3 zone. Personally, I did not engage USDCHF in week 14, because I am unsure of the general trend, so even if I take a side, I might not be able to have a reasonable conclusion of the pair. USDCHF did not make much of a move even though it went on to create a bullish level 3. Traders shorting the pair might incur some losses and traders who long the pair would be able to net some profit with some big swing at bullish level 3 zone. From the analysis, it seems like a reversal pattern has been formed with a double top lying in the bullish level 3 zone. I will be looking out for a short opportunity in Week 15. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi
USDJPY, straight rise week 14, looking for change in week 15USDJPY made an unapologetic bullish move for the whole of week 14. Traders like me who are looking for short and have entered short for the pair would like to suffer a bad week if no change in outlook. The analysis showed a strong upward movement in Week 14, however, it is also showing the pair has overextended the move. Currently, we are seeing 7 levels of rise and JPY pairs usually have extended move as compared to other pairs. (We can count it as 6 levels). The extended move usually throws a lucrative signal for reversal trades but would have ended up a false reversal pattern. I am definitely one of those traders being caught by the extended movement of the pair. The analysis would be now pointing towards a bearish week for Week 15, which I will be monitoring and take a short position if signals are available. I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!
Short
by xunnobi
Gold - Weekly Forecast 1st - 5th AprilThe gold price has turned bearish again as it fell strongly and break below the bottom of a rising channel. The price also failed an attempt to rebound as it reaches near a 3-month demand zone, leaving a long upper shadow on last Friday. Based on the monthly closing candle, it has become obvious that the price has to dip even lower, possibly 1237 which is the neckline of the previous Bat pattern. For this week, wait for the price to pull back towards the H1 supply zone above 1300 to short again.
FX:XAUUSDShort
by AlgoVenture
EURUSD - Weekly Forecast 1st - 5th AprilEURUSD fell for 4 consecutive days last week as the price failed an attempt to rebound on last Friday. Although there's little sign of reversal at this moment, the price may soon retrace due to overselling. As the monthly candle has closed, it has shown that EURUSD is set to fall even further towards 1.09 which is a 24-month demand zone. In this week, we are expecting the price to fall at first but will pull back soon enough towards the supply zone around 1.13. Once retracement is completed near 1.13, we can follow the trend and continue to short beyond 1.12.
by AlgoVenture
Dollar - Weekly Forecast 1st - 5th AprilThe dollar has turned bullish again last week, not for its strong fundamental reasons, but the weakening fundamental outlook of other major currencies. The month of March has ended and the dollar managed to close with a bullish candle and above 97. This still shows that the dollar been the one with the highest interest rate will still fundamentally be stronger. The price is currently still seen somewhat resisted in the current supply zone. And based on the H4 chart, the price has gained 2 waves and I suspect there are strong selling orders above 97.2. This week, the dollar is likely to range awhile and retrace lower towards the current demand zone at 96.5. And eventually, the dollar is still expected to climb again and retest the 22-month supply zone at 97.6.
TVC:DXY
by AlgoVenture
USDJPY, bullish trend in Week 13, how about Week 14?USDJPY moved accordingly to our analysis of Week 13, it made a bullish move as expected. Even though the move was not large, but any traders making a long position would be able to make good gains out of their trades. Congratulations to all traders longing USDJPY! For the week of 13, we can see that it completed a three level of Bullish trend. Even though the last level is very small and close, but it does fulfill the principles of the analysis, thus it was being identified as a bullish zone. On Friday, it ended the week with a possible reversal pattern at level 3 of the bullish, thus we gain comfort in looking at the pair to regain the bearish move in Week 14. I would be monitoring the pair and would be shorting them for Week 14, align with the outlook of the analysis. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Short
by xunnobi
USDCHF, slow move in Week 13, can it resume in Week 14?USDCHF did move upwards in Week 13, even though it moved according to analysis, but the move is more of a consolidating move than a strong move. Nonetheless, traders who went long on this pair would be able to get some profit out of USDCHF. In Week 13, it managed to break into Bullish level 2. Possible reversal pattern was spotted at level 2 and the lack of a strong move pointed me to a possible trend reset at this area. Meaning a brand new Bearish or Bullish might be formed. At this current stage, it doesn't seem that the Trend Reset has been completed, thus I am putting a neutral take on this pair. It is unlikely to expect the move after the Trend Reset as it can be bearish or bullish. So for Week 14, it would be wise to avoid and watch the movement of USDCHF. I would suggest for traders to wait on the line and continue to monitor until a firm signal has been issued. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
by xunnobi
EURUSD, Beautiful Drop in Week 13, get ready for Week 14EURUSD made a wonderful drop in Week 13 as expected. For all traders who shorted, congrats to your big profit! It was a swift move and it didn't post much risk to traders shorting them. The bearish move of EURUSD was quite strong, and it only started to consolidate and giving hints of reversal on Friday. The bearish trend sees 4 level of drop rather than 3, even though the last level of the drop is not really a consolidation level, but it fulfilled certain criteria so I named it as level 4. Nonetheless, even though it is a 4 level drop, traders who shorted it might see minimum losses if they expected the reversal to be at level 3. For Week 14, I am expected a bullish movement and the analysis pointed a bullish trend in Week 14. Therefore I would be going Long on EURUSD for Week 14. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Long
by xunnobi
2
GBPUSD, what is going to happen in Week 14?GBPUSD moved as expected in Week 13. A good drop and forming a level 3 for the bearish trend. I made some profits from the move, and I hope other traders have profited from the move as well. The second level of the bearish trend did make me think twice about my analysis, not the question that it may be a bull trend. But rather, is there a trend reset going on and would the pair continue heading south. I arrived at my conclusion that I might be over thinking and I would just follow the analysis and manage my trades well. The bear move was strong, however, Friday seems to have halted the move. It moved another 100 pips downwards on Friday but it ended the week with a push upwards. It showed a sign of bull returning into the market and that gave me comfort to say that for Week 14, a rise is very possible. So for the coming Week 14, I am confident that the move would be point upwards. I would be monitoring and taking long on GBPUSD. I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
Short
by xunnobi
ETH/USD: Weekly OUTLOOK! Opportunity to BUY should COME soon! =)Hey tradomaniacs, welcome to another OUTLOOK for ETHEREUM! It looks like we are currently consolidating in an ascending Triangle and there might be a chance to BUY! Don`t get triggered by likely FAKEOUTS, as shown in the chart! The current BEAR-CYCLE does not show any strenght.. this could be a nice evidence for a next strong bullish cycle! Everything else I wanna say is shown in the CHART! ------------------------------------------------------------- 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. :-)
BITFINEX:ETHUSDLong
by Trading2ez
2
DXY: Weekly OUTLOOK and LONG-TERM-FORECAST!#FundamentalsHey tradomaniacs, welcome to another OUTLOOK for DXY! Fundamentals: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. FED began to increase the interest rate too early. Economy not as stable as expected! The current interest rate is at the "neutral point" and does not support or damage the economy. 2. Cool down is noticeable but still "ignored " by the market! Important data such as PMI, CPI and so on are showing worse and worse results. First real reaction was last friday after GERMANYS PMI with the worst result since 2012! 3. Market sees the tradewar as "guiltier". Still hoping a deal between USA and CHINA would safe the markets and push the economy! 4. Yield-Curves about to invert! If low-term-credits are more expensive than long-term-credits banks won`t have any reasons for lending! They would make no profit with this business anymore. This would cause less liquidity! 5. Bonds going up! Safe haven? There are way more fundamentals but I think these points will be enough to show you the circumstances.. The previous FED`s statement was a FULL PACKAGE of doves. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The FED`s statement was a big package of DOVISH messages saying that they won`t increase the interest rate this year anymore amid signs of an economic slowdown, and said it would halt the steady decline of its balance sheet in September. Call it the neutral rate.. or just a try to admit not too many failures. I bet POWELL would like to decrease the interest rate but can`t! "What the Fed is doing is trying to engineer a soft landing. What the market is hearing though is things have gotten so weak so quickly ... and the earnings outlook is so dire that real money managers don't want to chase this rally." -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Technical Aspects: 1. Time-Cycles: Looking at the different Sin-Waves you`ll notice that the previous cycle has been bullish but not able to create a noticable impulse or a new high! This is a strong evidence for weakness attributable to the recent change of the FED`s mind from hawkish to dovish! 2.Price-Action: The market still rotates inside of the marked up trading-range between the significant support and resistance! We are currently at the high important resistance-level (97,29) and are probably creating a double-top-patterm! The BREAK through the current trendline and the subsequent PULLBACk is a typical behaivor and another evidence for a sell-off! If we trigger the neck-line of the Double-TOP we could see another attempt to create a lower low! 3. Fibonacci Ratios: The previous umpulse up to 104,- has ended @ the 161% extension, which is excactly at the 61,& retracement-level in the higher timeframe of the downtrend! The taken profit has caused a sell-off down to the 50% retracement-level which is exactly at the Trendline of the current primary trend! The current diagonal Support is q the 2/1 GANN-FANN! Moving Average: ALL MA/s including 200,100,50 has crossed and are currently retesting the 200 ma! This is the "death-cross" and should be another evidence for a downtrend! The 200 M/A is our current support! Conclusion: If we trigger the DT-Pattern I expect the market to retest 90$! --------------------------------------------------------- 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:DXYShort
by Trading2ez
DAX: OUTLOOK and LONG-TERM toughts!#FundamentalsHey tradomaniacs, welcome to another OUTLOOK for DAX! This time we look at time-cycles and the very big picture! We are currently in a very crucial situation as you all probably know looking at the finanical policy of the central banks whose lowered the interest rates in order to flood the market with liquidity since the financial crisis in 2008. They were trying to rescue the economy and trusted in investments and more consume. IT WORKED! Perfectly.. but what are the consequences? It looks like they were shifting the problem. 11 years later in 2019 we slowly seem to feel the consequences. Fundamentals: 1. FED began to increase the interest rate too early. Economy not as stable as expected! The current interest rate is at the "neutral point" and does not support or damage the economy. 2. Cool down is noticeable but still "ignored " by the market! Important data such as PMI, CPI and so on are showing worse and worse results. First real reaction was last friday after GERMANYS PMI with the worst result since 2012! 3. Market sees the tradewar as "guiltier". Still hoping a deal between USA and CHINA would safe the markets and push the economy! 4. Yield-Curves about to invert! If low-term-credits are more expensive than long-term-credits banks won`t have any reasons for lending! They would make no profit with this business anymore. This would cause less liquidity! 5. Bonds going up! Safe haven? There are way more fundamentals but I think these points will be enough to show you the circumstances.. Technical Aspects: The current time-lime is showing the center of the current cycle almost reaching its peak. Since then we were not really able to continue the journey upwards and Wave 5 seems to be complete. Comparing the current impulse-phase with the previous ones we see that there is not a noteworthy continuation of the rally. Wave 5 is almost @ the peak of Wave 5 and the distance has never been that low before. We`ve reached the 161% Fib-extension-level and it looks like the previous attempt to continue was where the market safed the profit! Looking at the different Sin-Waves you`ll notice that the previous cycle has been bullish. Though that fact the price did not really climb compared to the previous cycles showing weakness of the bulls. The next cycle, starting @ August is a complete confirmed Bear-Cycle and could cause a huge sell-off if circumstance don`t change! Every crisis has been confirmed by a breakout through the trendline and a MAC-D with bearish signals! The RSI is also showing a divergence and is almost oversold. However.. what do you think will happen? =) --------------------------------------------------------- Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
XETR:DAXShort
by Trading2ez
1
SPX500 and NAS100 - Weekly Forecast 25th - 29th MarchStill remember when was it that we see the Dow, Nasdaq and S&P break through the ground? Since then, the price has almost recovered all of the losses in a very gradual and staggering fashion. But last Friday, we saw the biggest drop in 5-months based on a week. It also showed a bearish engulfing candle within a supply zone. And whatever that's just explained, it applies for the Dow Jones, the Nasdaq and S&P500. It may yet to be a reversal but highly possibly there's gonna be more bearish trend coming soon.
OANDA:SPX500USDShort
by AlgoVenture
Gold - Weekly Forecast 25th - 29th MarchThe gold has climbed gradually through the week while supported by a rising trendline. The price has yet to reach the supply zone and thus it may continue to climb. On an important note, gold has shown some kind of divergence from the dollar. Although the dollar has rebounded strongly, the gold was little affected and eventually climbed further. The US stocks market is also showing some strong sell-off on the last Friday. There's also a surge in the demand for yen which is a sign of an increase in the safe-haven asset. Therefore in this week, the gold may defy the technical analysis which actually points to a bearish gold. The gold is most likely to continue to climb gradually till it reaches the supply zone, and after some consolidation, there's a chance where the price will surge.
FX:XAUUSDLong
by AlgoVenture
EURUSD - Weekly Forecast 25th - 29th MarchThe EURUSD didn't come out quite well with what we had expected in our weekly forecast as it surged much higher and broke above a 2-month falling channel for the first time. The price, however, retraced a lot stronger than expected which we believed have stopped out many buyers along the way. And since the price did not rebound before the week ended, there's likely to be very little buy orders left and that gave us a good reason that the institution may come in very soon to buy again. Therefore in this week, we expect the price to hover around the demand zone first and eventually climb higher but gradually.
Long
by AlgoVenture
Dollar - Weekly Forecast 25th - 29th MarchThe dollar ranged lower at first and plunged amid a dovish Fed. The price broke below 96 and got rebounded off by a demand zone at the bottom of the ascending triangle. As of now, the price has retested the supply zone at 96.6 and was held below ending the week. The underlying sentiment of the dollar has definitely turned more bearish but we can expect the price to range lower after every pullback. For this week, we expect the dollar to fall and retest the bottom of the ascending triangle and probably break a little lower to retest the supply zone below 96.
TVC:DXYShort
by AlgoVenture
GBPUSD, can Week 12's bear continue its move in Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. GBPUSD was expected to make a three-level bullish move in Week 11, however, it stopped at just two levels in Week 12. I was hoping that it can reach a higher high but seems like it didn't manage to. The bearish move came in in Week 12 moving the price downwards aggressively and ending Week 12 in a bearish level two zone. The analysis pointed to us that GBPUSD may continue to finish its third level bearish move in Week 13 and probably make a reversal pattern which can bring us to a bullish zone one in Week 13. That would be ideal but traders would still need to proceed with caution especially a big move has been made, the market might enter into consolidation after such movement. My general direction still remains bearish until a pattern is being formed to indicate a bullish move. I would be monitoring and scaling in for my short position in Week 13! I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in any way! Thank you!
Short
by xunnobi
USDJPY, Week 12 was bearish, can it change for Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. USDJPY seems to have reset the prevailing trend and move back up which creates another reversal pattern in Week 11, pointing to the direction that the pair would drop. In Week 12, USDJPY continues the bearish trend and ended the week with a new low and a possible level 3 bearish zone which is the zone where the pair would have its reversal from bearish to bullish. There is no pattern being formed and no other possible signal that we can spot here, so we should continue monitoring and no entry for USDJPY for the time being. It would be good to wait till the formation of a reversal pattern before we decide to trade USDJPY, however, the general direction for Week 13 would be bullish for the time being. I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in any way! Thank you!
Long
by xunnobi