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Weeklyanalysis

GBPAUD- Weekly AnalysisHappy Sunday to you all, Definitely was a weird week last week for GBP. What I think will happen when the market opens is price will gap back down to where it gapped from last week, which it never retraced back to. Even if it doesn't price will rise then eventually retrace to that area for sure! I personally have never seen anything happen like this, where price doesn't retrace to where it gapped from within the same week. So what i'm expecting this week is price will retrace and rise just like it has previously at this area a few other times. If price was to take on the bulls price is definitely headed to 1.80000+. I will be updating/posting this pair all week so stay tuned, I feel a good week is ahead of us!
Long
by lobfxempire
GJ Weekly Analysis! *Big week ahead!*Happy Sunday to you all! *READ ENTIRE ANALYSIS* Price is creating more higher highs, higher lows, and looks to be about to reach the resistance line just above the 78% on the Fibonacci Retracement (Blue Line) which is around the price of 142.825. What I see CAN POSSIBLY happen is price creating a bearish 3 drive strike pattern *Red cirlces* once it reaches the resistance line which is why I have the long dark red path line from resistance all the way to the 0% on the Fibonacci Retracement. I've put my predictions on the chart for if price was to go up or down from where it is now, and right now i'm leaning more towards the bulls, based off what i'm seeing at the moment, and also what price has done in the past. The green circles indicate where I personally will be looking to execute on GJ if obviously the market plays out how I see it playing out. Goodluck with this pair if you are trading it this week! Leave a comment below if your trading GJ this week, and leave a like if you agree with my weekly analysis
Long
by lobfxempire
2
Will Previous Market Structure on Weekly Be Respected?On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged. We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice nosedive. This is my favorite pair. I can't wait to see what it does. BULL TPS: • 1.52947 • 1.53709 • 1.54582 BEAR TPS: • 1.51824 • 1.50998 • 1.49809 • 1.49015
by NikaJourney
2
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
USDCAD Failed to Sustain UptrendUSDCAD has been steadily falling this week after retesting previous breakout point at 1.3333, largely due to Dollar weakness. With the BoC announcing a reduction in bond purchases, we could expect the CAD to continue appreciating. This week, price is currently hovering at a strong demand zone, which coincides with the previous low of downtrend. Await a pullback to a resistant point, and we could continue selling USDCAD should there be clear signs of resistance.
Short
by AlgoVenture
May Get Ready To Go Bullish This WeekThis looks to be in the process of completing a bullish harmonic before its major uptick. Not all the wy sure just yet. I'm trading along until it gets to the monthly 136.218 zone to determine its full direction, or to the daily 133.414 zone to see will the bearish move begins to pivot. So this week is just getting in front of the move until the true trend reveals itself fully. BULL TPS: • 135.464 • 136.093 • 137.239 BEAR TPS: • 134.460 • 133.414 • 131.941
by NikaJourney
1