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Weeklyoutlook

DAX: Weekly outlook and detailed analysis!#CHANES and ENTRYS.HEy tradomaniacs, welcome to a little weekly outlook! Overall we`ve seen a very nice correction back above 11.100 which is a decent retracement after this holy moly huge sell-off we`ve seen after the S/H/S and Diamond-Pattern got triggered though we have not even finished this superir trend-changing pattern yet. So what can we expect? There is a lot of fundamental things going on, such as the tradewar, brexit and so on. How ever, we want to focus on the technicals aspects and talk about important price-levels and possibilities. Technical Aspects: ----------------------------------------------------------------------------------------------------------------------------------------- Price-Action: Since we`ve seen the Breakout of the S/H/S or Diamond-Pattern, Team bear seemed to be unstoppable and sold the diva down to capitulation to a significant Support-Area between 10.261 and 10.859. After the violatin of the important Resistance @ 11.000 and 11.100 and the confirmed S&R-Flip, we were not able to do anything and just consolidated in between the red Resistance-Zone and the current major support. It looks like the market is waiting for a clear impulse in to a direction, thus the next impulse should be crucial for the next upcoming moves. Either we continue the downtrend with a lower high by a break through 11.100, indicated by the red diagonal resitance of the shorter timeframe, or we violate the current resistance and probably retest at least 11.416, which is the next subservient resistance marked up in red. The last "Endboss" to liquidate the bears of this downtrend would be @ 11.500 - 11.700. A violation of this resistance could completly destroy dow current downtrend. RSI: ----------------------------------------------------------------------------------------------------------------------------------------- The RSI indicated a completly oversold market. This might be one reason for this retracement but also could be interpreted as "Shit, I will never get the DIVA as cheap as now again." and a new impulse upwards in the longer time frame. For now we are back and are knocking at the door of Mr. Overbought to enter "Profit-Safe-Zone". MAC-D: ----------------------------------------------------------------------------------------------------------------------------------------- After the divergence the market reacted as expected. We are above teh triggerline but could create a Sell-Signal very soon, since both MA/s tend to cross again. This would probably force the Bulls of this impulse to safe their profit. Moving Average: ----------------------------------------------------------------------------------------------------------------------------------------- The yellow moving average represents a period of the important 100 days. As you can see, we are currently close below and could bergin to test it, after we`ve seen a breakout! The blue moving average represents a period of 50 days, AS you cann see we already respected that MA as a new support and could bounce of it over and over again. Fibonacci: ----------------------------------------------------------------------------------------------------------------------------------------- The yellow Fibo-Bar represents the retracement of the very big timeframe and shows a stop of the sell-off close @the 61,8% retracement. This is a very good sign and represents a valid UPTREND in the big picture, according to the elliot-wave-theory. Please check my other charts to see more in the weekly chart! The green Fib-Bar measures the current retracement of the sell-off. We made it above the 23,6% retracement, which is exactly between the current Support-Zone @ 11.052. A further retracement up to 38,2 is very likely if we break through the current "Sell-Pressure-Zone". The sell-off ended btw. @ the 161% extension of the impulse downwards! Steepness: ----------------------------------------------------------------------------------------------------------------------------------------- The steepness is decreasing and represents weakness of the down-trend. How ever, it looks like we currently stuck in a very tight range and should wait for the next impulse to come! If we fall, then we`d see a classic trend-continuation. ----------------------------------------------------------------------------------------------------------------------------------------- Conclusion and nice prices to trade: Sell below 11.050 or below the 50 MA @ 10.971! Buy @ 11.289 or above 11.300! ----------------------------------------------------------------------------------------------------------------------------------------- AND as always: Don`t just randomly trade. Wait for your triggers, confirmations.. and.. yeah I guess you know what I mean. I wish you a great start into the next trading-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. :-)
XETR:DAX
by Trading2ez
4
XAUUSD Weekly Outlook1. Bearish Impulse (1) 2. Strong correction couldn't break above 1238.00 (2) 3. Many ABC Corrections because of Fundamental Global Economic was unstable including EU & Brexit agreement therefore drove market sentiment to invest on Safe Haven where traders expected Gold would jump to 1250.00 area but there we have limited upside on Gold as said on point no.2 4. Downtrend candle confirmed as the price rejected from EMA 21 & EMA 34 Area which equivalent to weekly fibo 50.00 retracement (1241.77) 5. Sell on Rally would be nice position for this week as the price is testing 1200 - 1190 area. 6. Scenario 2 = If the price Break above 1216 and stay upside, the target for next Resistance at 1226 and Bullish bias is confirmed.
FX_IDC:XAUUSD
by andrewlimanto77
XAU/USD Daily- Refer to weekly firstRefer to my weekly analysis first. If I look at this last move as a 3 wave (which is what I would expect with the larger swing pattern).. It came off equal length at the 50% fib retrace. That box would be where I would be looking. They may not drop it down more considering people watching the trend line. It will come down to whether or not the dollar is done and is pulling back. We don't have confirmation on this stuff yet but I can see happening, or about to happen.
FX_IDC:XAUUSDLong
by thillygoosth
1
DXY - Weekly Chart AnalysisPrice Action: Bullish Pattern: Break and retest of trend resistance Long-Term Momentum: Bullish Short-Term Momentum: Bullish Bias: Long Action: Enter all U.S. pairs after a break and retest of WR (95.16) level. Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in the chart also indicates the price will continue to move in a bullish manner bc of the strong bounce off trend resistance
TVC:DXYLong
by tradingwithyg
EURAUD - Trade AnalysisEURAUD - 9/24-29/17 Analysis Not a pair I usually trade, but was asked to provide analysis so here's my best take: Expecting rise to 1.51000 - 1.51700 levels Followed by decline to 1.48700 - 1.48000 levels Firm break below 1.47900 can signal further decline to re-test support of 1.44250 in longer term. Projected Volatility for this pair = 60% to 90% on daily outlook * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
Weekly Forex Forecast (September 18 – 22, 2017)With the way things are currently progressing for the EURUSD, we could see a third retest of the 1.1875 handle as early as this week. Buyers will likely make another stand especially considering channel support which lies just below 1.1875. However, I’m not interested in buying here. I remain short based on the failed attempt to break 1.2040 on September 8th. If sellers do secure a daily close (5 pm EST) below the confluence of support at 1.1875, I will look to add to the position. The only thing that would convince me that buyers are not tiring would be a daily close above the 2012 low at 1.2040. Until that time, I will maintain the idea that bullish momentum is slowing and a pullback is in order. A daily close below the 1.1875 area would expose the August low at 1.1670. A close below that would pave the way for a move toward 1.1490 and perhaps 1.1300.
by Daily-Price-Action
NZD/USD weekly outlook 10-04-2017 ---- 14-04-2017 (AP)hey fellas, 1. Technical Analysis ~The New Zealand Dollar may be preparing to re-accelerate downward for a challenge of lows established in early March against its US counterpart. ~Prices appear to have cleared the bottom of their near-term digestion range, paving the way for resumption of the downtrend begun in early February. ~From here, a move below the 0.6890 area opens the door for a test of the 0.6847 zone. ~Alternatively, a reversal above the 0.6995 region exposes 0.7076 & 0.7133 area./ 2. Fundamental Analysis ~14-april-2017 (Fiday) 12:30pm(Ist) retail sales & CPI of US. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Altaf Palwala
Long
by GrowingForex