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Weeklyforecast

UsdCad Analysis from 21-02-2022The idea shared is an analysis of USDCAD for a mid term swing. Fundamentally, The CAD has shown strength owing to the recently released retail sales reports as opposed to the retail sales report from the US earlier on. Sentimentally, due to the recent shortage in supply for oil, the demand for oil has increased and given that Canada remains the 3rd largest exporters of oil, we expect to see a rise in the value of CAD. Technically, the pair has been ranging in a supply zone as shown in the schematics and explained in our analysis video with the recent break and close below the moving average on the weekly and daily chart. it is expected for price to fill in the supply zone and then continue downwards. , price may have to retest the previous support level and face resistance there for a drop in price. Our sentimental bias hence is to watch and plan for a sell trade on UsdCad. Lets go take some risk, lets go make some money, Millionaire Logistics. 
Short
by MillionaireLogistics
Euraud Buy idea from 14-02-2022. trade already activeHere We share with you a trade idea on euraud. There is no much information fundamentally. Technically, after a massive impulsive fall on Euraud, we saw a bullish weekly candle at a key demand zone, looking further to the daily charts we saw a bullish pin bar (Hammer) giving us reasons that the Euro may be looking interesting for a buy. Because, we over here had already taken a buy position on this trade, we added in the analysis our entry, stop loss and expected target profit. Let's go take some risk, let's go make some money.
Long
by MillionaireLogistics
GBPUSD weekly forex analysis and education for 14-03-2022The idea shared is an analysis of GbpUsd for a mid term swing. Fundamentally, The Usd is still showing strength owing to the recently released NFP reports. Next week will shall be keeping an eye on interest rates desions. Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's involvement in Ukraine, sanctions placed on one of the biggest economic contributors in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured. Technically, the pair just broke a structural level on the Weekly charts with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards. On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face resistance there for a drop in price. Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd . Let's go take some risk, let's go make some money, Millionaire Logistics.
Short
by MillionaireLogistics
Powerledger (POWR) is in uptrendHello Traders, As you can see in weekly time frame, Powerledger ( POWR ) is in short-term uptrend, if it continues uptrend then it may complete cup pattern by reaching previous ATH. If it reaches previous ATH then it is big profit for us. Recently POWR is listed in Binance, Coinbase and KuCoin exchanges so I am expecting lot of people investing into this token. Remember this is weekly buy so you has to hodl POWR for weeks, be patient. Leave your opinion in comment section. Follow us for related analysis. Thank you.
Long
by Naveevo
EURUSD: Weekly Forecast 28th February 2022EURUSD plunged as safe haven demand spiked amid Russia-Ukraine war. The market found support as it fell to an 18-month low and was able to recovered over half the losses. However, the trend is clearly downwards and the current fundamentals are clearly bearish, and the price just gapped down strongly at the market opening for the week. This week, we will continue to look for selling opportunities, awaiting further upside pullback to cover the gap first.
Short
by AlgoVenture
EURCAD Analysis I Correction and More Potential DeclineWelcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
EURCAD Analysis Welcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
NZDUSD Weekly Forecast Welcome back! Here's an analysis of this pair! **NZDUSD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
Gold Weekly Forecast: Gold is heading to uncertainty. The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after. Before this weekend's holiday festivities and tomorrow's FOMC Chairmen Powell addressed Friday at a Bank for International Settlements seminar. "Inflation will linger longer than predicted," he said, adding, "the tools available." However, with 2022 so close, there seemed to be less fear about an eventual fall down to earth. What happened last week? The market's defeatist attitude was exacerbated by China's weak growth figures, which boosted the dollar. POSITIVE EARNINGS STATISTICS LIFTED large US banks' equities on Monday, helping the major Wall Street indexes gain traction. This allowed risk flows into financial markets to restrict XAU/USD losses once more, as USD weakness drove them up (and rising Treasury bond yields). This trend persisted on Tuesday, with no significant macroeconomic reports supporting commodities like gold mining shares. The S&P 500 Index closed at an all-time high this week, as gold rose to new weekly highs. On Thursday morning, initial unemployment claims fell below 290K for the first time since March 2020, adding to the evidence that things are looking up in the West. With the recent interest rate hikes by the Fed in December, they have increased the opportunity to return capital through traditional lending markets while still keeping rates low enough that people won't notice much impact if any. What About The Next week? Investors stay on the sidelines ahead of major events, so the market is unlikely to react substantially. What will include these figures in a US economic docket on Tuesday, but they could impact the future because of how soon they come out. While you may have had a lot going on in your brain, including fear or excitement, the tone of your output should stay nice. We will get our first estimate of third-quarter GDP growth from the Bureau of Economic Analysis. Given that the lackluster September Nonfarm Payrolls data did not change the Fed's tapering plans. We could see another leg upward in T-bond yields in the coming weeks. A breach above 1.75 percent for the benchmark 10-year Treasury yield would open the door to new prospects for dollar strength. If you've been struggling financially because your income isn't quite enough longer, these figures may be able to help you get back on track. On the one hand, if the Federal Reserve delays its planned reduction in asset purchases to cool down the markets, it might generate significant investor issues. Anything might happen in the market next week, given how unpredictable it currently is. Several pieces of news will be released that could have an impact on the direction stocks take. Facebook's earnings report will be released on Wednesday (in which they forecast $5 billion in revenue). Amazon's quarterly results after trading hours on Thursday evening EST/Wednesday afternoon PST. They are expecting to generate more than $55 billion this time around. Still, it depends on whether there was any disruption from last month when one of its distribution centers experienced an overflow during Prime Day, which caused some shipments to be delayed. XAU/USD Technical Analysis Technically market is on an uptrend in a short time frame. But along bearish candle may send the gold lower, as I have seen many times before. Last Friday, Powell didn't send any strong message; instead, he was a bit dovish. Still, gold dropped from the rising trend line. As two weeks back, average earnings rose, and next week some big tech company will release their earnings report. So it is supposed to have good earnings reports. So, fundamentally there is a chance that gold may drop again. from the present rate, $1780/1775 will play as a strong support zone. Breaking below $1775 gold may test the $1760/1763 price zone. Breaking below $1760, testing the $1745/1750 price zone won't be hard. Absolutely $1745/1750 will act as solid support. And we have seen some upward correction nearly $1780 price zone again from $1745/1750. Finally, if we see gold price breaks below $1745, we will set our last target at the $1720/1725 price zone. On the other hand, $1808 is the immediate resistance from the present rate, and the swing area is identified at the $1715 price level. So, we may go for but if the gold price breaks above the $1715 price zone. $1730/1735 has been acting as an acritical resistance for a long time. So, if we buy above the $1715 price zone, we must close it to nearly the $1730 price zone. If gold price can break above #1735 price, we must think for a long term buy at least almost $1900 price zone.
TVC:GOLD
by Gold_Trading_Expert
Gold: Weekly Forecast 13th February 2022Gold rallied last week especially on the last trading day which caused a breakout of the symmetrical triangle. As inflation continues to rise and strengthening the market sentiment of more and bigger rate hikes, the dollar is strengthening yet the gold is even stronger. Since the market has broken out of a 14-month symmetrical triangle, bulls are inevitably going to rise in the coming weeks. This week, we will focus on buying the pullback, expecting a pullback towards 1850.
FX_IDC:XAUUSDLong
by AlgoVenture
WTI: Weekly Forecast 6th February 2022WTI has climbed for the 7th week and is now trading right at the top of a 15-month rising channel. This could mean the price has topped out but there's no sign of reversal just yet. Therefore, we will continue to follow the trend and look for buying opportunity as price pulls back towards 89.5. However, if the price is able to reach the bottom of the current rising channel at around 87.9, a reversal is likely to happen in the coming weeks.
TVC:USOILLong
by AlgoVenture
1
NZDCAD Rejecting Support AreaWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **It has reached a previous weekly level last visited May 2020 and rejecting. It appears the weekly bearish impulse has completed, and a long correction will begin from the current support. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
EURUSD: Weekly Forecast 23rd January 2022EURUSD pulled back deeper than expected but still found support at the bottom of a rising channel. While the overall trend is clearly bearish, the 2 months bullish trend still holds and we could expect a stronger rebound from the current demand level towards 1.14. This week, we will look to buy at the beginning while the price is still at the bottom. We may attempt to sell again when it reaches the supply level at 1.14 as this may also develop into another bearish wave.
Short
by AlgoVenture