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Weeklyforecast

AUDJPY Bearish Weekly DirectionDespite Headlines showing traders sentiment stating traders (retail) are net Long on AUD/JPY . As a trader that can be misleading especial to the newbie traders coming into the industry , i find it easier to follow currently weekly structures and let the market lead me . Structure leaves clues, on a weeks perspective AUDJPY is bearish , it even started the week super bullish and that was my clue to wait for the break of structure and trade than on a retest . though its obvious now since its already friday. My point is if you follow structure and learn to see the market structure for the week let it develop then you will know around mid week the overall direction to trade. One good trade on each pair with a few scale ins were applicable is really all you need to be consisent. A consistent i picked up from ICT and added to my own trading
Short
by thabangditlhabi
GOLDEN NEO WEEKLY TRAGET!!!Neo/BTC will buy two or three points on the weekly chart. In bitcoin modification, it is the best place to buy altcoins. I have no idea how much you want to buy or where to buy. Why? Because at this moment, Neo is falling apart and with patience, you will earn a good profit. Now look at the chart. Our distance to weekly MA200 is more than 180% profit. Will we get this benefit? Look at the past of the market. Neo had already reached MA200 and hastily broke the roof. So the market is likely to repeat itself. We have to wait for the meeting.I will complete my point. Also, this is not a financial Advise for you. And I draw this chart based on my own experience as well as my own trading spirit. Be in profit!
Long
by seyedalimiri
Gold Weekly Forecast: September 27 to October 1st What happened last week? : Last week was fantastic for the USD. USD became strong against all of the major currencies. FOMC was hawkish as FED announced that if the U.S. upcoming economic data comes positive, they will start tapering very soon. I mean, every high-impact positive report will help the USD and gold will drop. What is not clear for the future? Alternative scenarios, if the U.S. comes negative, FED's tapering chance will fade for this year. So, it will help the gold to push up. But what my research says, as china injected al tons of money into their economy, that means they are trying to overcome the economic crisis. That may push down gold below the 1700 price zone. FED also said, if the economic data support, they will also start the tapering. I mean, the U.S government will also start injection money to support their economy. From my view, if the pandemic doesn't rise faster, till December, Gold will drop by impulse and correction way. I mean, gold's overall trend may be down. What About the next week? There are several high and medium pact reports due to publish. Core Durable Goods Orders Durable Goods Orders Some FOMC members Speech Crude Oil Inventories ( It will impact on Crude Price) FED Chair Powell Speech Final GDP Core PCE inflation report ISM manufacturing PMI GDP, Powell Speech, Core PCE inflation report, and ISM manufacturing PMI report are very high impact and most market mover data. The final GDP report expected positive, but the other two reports expected bit negative. Hopefully, these reports will bit supportive for the USD. But numbers of FED members the cautious. If they hint, economic conditions are not good enough as they are expected. Investors will take it harmful for the USD. Because that will indirectly hint, FED will wait for the subsequent tapering. That means gold also has a chance to go up again. But I don't think most of the FED members will play with tapering issues. If you play, it will be bad luck. Technical View: Gold's downtrend is still caped. Gold's current market price is in the 1757 price zone. (while I am writing this analysis) I think it's an excellent place to sell. And stop-loss should be above the 1784 price. First target 1740 price zone. Breaking below 1740, our 2nd target should be at the 1720 price zone. Finally, breaking below 1720 will open the door for the 1680/1685 price zone. On the other hand, the U.S economic data comes than forecast. Gold price may go up above 1784/1785 price zone. Our first upward target would be the 1830/1835 zone. I don't think the market will be able to go above the 1835 price. It's critical resistance. So, it needs robust economic reports.
TVC:GOLDShort
by Gold_Trading_Expert
$VRTX HTF ACB LongWeekly Swing Watchlist Couple great looking opportunities this week, otherwise equities look pretty quite with the broad sell offs we have seen. I am already at full risk after entering two trades last week so I will be sitting on my hands for now. #1 Main Watch $VRTX HTF ACB L Monthly - 0.50 Fib/Decel/50 ema Weekly   - Support/MACD/Double bottom Daily      - Support/MACD/Double bottom/Descending triangle/Decel/Wave 5 completion LTF        - Break out of descending triangle/MACD/Double bottom Entry      - Waiting for 1HR close above 50 ema RR          - 10 (Previous M/W highs) Management - Long term Additionally on Watch: Main: $PENN Daily IBO L Other: 6 stocks on this weeks development needed list 23 stocks on monthly watchlist (mostly in Tech & Health Care sectors) Live Trades: $OEG - Full Risk $AMC - 0.5% Profit locked in $MASS - Full Risk $VUZI - Full Risk $Z - Full Risk
NASDAQ:VRTXLong
by JSiminoski
GBPUSD: Weekly Forecast 19th September 2021GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend. Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom. We can also see a symmetrical triangle forming so the rebound from the bottom may take place a little earlier at 1.3680 which could also be a buying opportunity. This week, we will focus only selling, awaiting pullback towards at least 1.3770.
Short
by AlgoVenture
WTI: Weekly Forecast 19th September 2021WTI has continued with its bullish trend as it defied a rejection from a falling trendline and went ahead to breakout of it completely. By now, it is becoming clear that the oil market will continue to rise as demand continues to rise as well during this recovery period. This week, we will wait for a pullback beyond 71 and look for a buying opportunity in the demand zone around 70 which should potentially reach 74, then 76. If the rebound doesn't happens after the pullback and price continues to go south, the next key demand is seen at 67.
TVC:USOILLong
by AlgoVenture
Gold: Weekly Forecast 22nd August 2021The selloff of the gold continued through last week and trades steadily below 1800. A rebound that came last Friday was easily wiped out, essentially trapping more buyers. The market is clearly feeling bearish and we expect a revisit of the 15-month demand at 1700 in the upcoming week or the next. We could still see a potential upside back to 1770 - 1780 area while it consolidates at the beginning and that's where we are looking to sell. We could still look for intraday buy opportunity as long as 1750 stays unbroken.
FX_IDC:XAUUSDShort
by AlgoVenture
EURUSD: Weekly Forecast 19th September 2021EURUSD has extended fall last week, resulting in a 2nd consecutive bearish week. The price has now reached a strong demand zone from 1.1730 onwards to 1.1700. At this point, an inverse HnS could still be formed since the right shoulder support isn't completely broken. Besides, the market is already trading at a low of the entire range and there will definitely be an opportunity for buyers. This week, we are expecting a rebound from the current demand zone as it dip a little lower to the Fibo 78.6% level. If the price fails to rebound at all, the next key level is 1.1700. On the upside, we expect the price to be able to reach 1.1820 before any strong resistance will be seen, followed by the neckline of a probable inverse HnS at 1.1880.
Long
by AlgoVenture
Forex, SPX 500, Bitcoin, Gold, Oil Forecast August 29 2021Hey Traders just wanted to give a weekly forecast on what I see happening in the markets this week. This could be a big week for the Forex, Stocks, Bitcoin, gold and oil. This week will be big for the forex, stocks, bitcoin, gold and oil. This week will will have the Non Farm Payroll report. The Employment report is the first friday of every month. The forecast right now is that the US gained 750,000 jobs so lets see what happens. Stocks can become explosive on reports like this and so can the forex. Also bitcoin and other cryptos can be affected as well as gold and oil because of the US Dollar Volatility! Enjoy! Trade Well, Clifford
BITSTAMP:BTCUSD
by TradetheFuturesCharts
Gold: Weekly Forecast 22nd August 2021The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar. The gold has ranged throughout the week as it stayed resisted by the supply level at 1795. The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat resilience continued to stay supported within a range. However, both highs and lows are notably becoming lower and we can expect the gold to start the week with a bearish tone at the beginning. This week, we will look for selling opportunities as it pulls back to the top of its current range but expecting a strong rebound at the demand level at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
2
EURUSD: Weekly Forecast 22nd August 2021EURUSD had another bearish week right after a short recovery from the week before, essentially breaking new low again. While reviewing our past weekly forecast, it actually followed an ABCD pattern based on the weekly timeframe and shall be completed this week should the price drops further into the demand level at 1.16. The dollar has been strengthening weeks before the Fed has turned hawkish where it now stands ready to taper this year, thus potentially bring about a reverse effect when it does taper. This week, we shall follow the current trend and look for selling opportunity starting from 1.1710 supply level, and aiming for the demand level at 1.16. Otherwise, we will be observing for a clear reversal signal as an ABCD in the weekly timeframe completes at 1.16.
Short
by AlgoVenture
1
Bitcoin: Weekly Forecast 22nd August 2021Bitcoin has remained bullish for the 5th consecutive week and it has now regained more than 50% of its previous losses. There's been a growing sentiment that the crypto-market has resumed a bullish trend as demand for crypto payment is growing in different sectors. but right now, bitcoin is about to face a very key supply level around 50,000 mark and may bring about another phase of selloff. If history is off any guidance, the major correction is still far from over and could still potentially find itself sink deeper beyond 30,000 again. this week, we will wait for clear signs of reversal at the supply level around 50,000 before we start looking for selling opportunities. Otherwise, following the frenzy right and buy the pullback from every bullish wave could prove rewarding as well especially for day trading.
BITSTAMP:BTCUSDLong
by AlgoVenture
2
WTI: Weekly Forecast 22nd August 2021WTI just recorded another record-breaking drop in a week, showing no sign of stopping even in the last trading day. The oil price has definitely reached an extremely overbought level and it should not be any surprise to see major correction like this. Do keep in mind that oil is still in a bull market and it's very likely that oil demand will reach another record-breaking level once travelling overseas return in the foreseeable future. Putting the fundamental aside, when the oil market does a major correction, it is usually within a range of 20%, and guess what? We are just 1% away from 20%. Therefore, we will resume looking for buying opportunities at the current demand level around 61 BUT keeping in mind that the short-term trend is still very bearish though extremely oversold. Should the price rebounds, we should be able to see 66 again and eventually resuming into a bullish trend overall.
TVC:USOILLong
by AlgoVenture
Nasdaq: Weekly Forecast 22nd August 2021Nasdaq pretty much recovered from a dip last week and is about to retest its current high at 15170. For the past couple of weeks, we have been waiting for a major correction in the stock market amid a strong sentiment of tapering from the Fed. Ironically, both the S&P and Dow continued to break new high except for the Nasdaq which continued to range around 15000. Last week, we finally saw all three of them trading lower together (and Russell2000 trading at a range bottom). The Nasdaq has been resisted around 15000 for an entire month and it has been half a year since the last major correction. This week, we will focus on selling the Nasdaq at its current supply level just above 15100, and aiming for a target at the demand level just above 14000.
UShort
by AlgoVenture
7
Gold: Weekly Forecast 15th August 2021The gold plunged to a 14-month low at as the market opened last week. It quickly made a sharp rebound and continued to climb through the rest of the week, showing a build up in the buying momentum. As of current, the gold may face some resistance at the FR618 level, and slightly higher will be the breakout level at 1795. This week, we expect the market to shed off some gains at the beginning and continues to climb later. Overall, we will focus on buying and looking for entry from 1770 onwards to 1760.
FX_IDC:XAUUSDLong
by AlgoVenture