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Weeklyforecast

CADCHF Update I Potential bounce from pandemic lowWelcome back! Let me know your thoughts in the comments! ** CADCHF Analysis - Listen to video! 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!
Long
by BKTradingAcademy
USDCAD I Short-term swing from resistance Welcome back! Let me know your thoughts in the comments! **USDCAD Analysis - Listen to video! 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!
Short
by BKTradingAcademy
17
EURAUD I Weekly Forecast & How to Trade ItWelcome back! Let me know your thoughts in the comments! **EURAUD Analysis - Listen to video! 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!
Editors' picks
Short
by BKTradingAcademy
39
Stellar Lumens - Looks good technical and fundemental - 2023!!This is not financial advise to go all in big, DCA and use risk management otherwise if you like go big on this investment Stellar Lumens is more than an investment hold to 2025 and more, you can trade it if you like On the fundamentals side Stellar Lumens has so much going for it. Too many turning a blind eye on this because it moves slowly Would not be surprised if intuitional investors buy up big in big volumes for 2023 Some links to do with Stellar Lumens for own research www.coindesk.com (IBM partnership with Stellar Lumens to issue stablecoins through World Wire) stellar.org (USDC stable coin running on the Stellar Network) stellar.org (Moneygram partnership with Stellar for remittance payments) satoshipay.medium.com (SatoshiPay partnership with Stellar for micropayments) stellar.org (Representing Blockchain on the Commodity Futures Trading Commission’s Global Market Advisory Committee) Stellar Lumens Coffee Cup pattern on the Weekly chart - see the handle of the coffee cup? Once break it on the weekly, it has to close above $0.175 US and than it can do 10x - believe it reach $1.75 US, instead of the $0.82 US last high. Now it can bottom out 1 more time till about April 23 around $0.0676 US, the last bottom on the weekly was $0.07 US and believe it has bottom out. You can wait or DCA now. I believe it's still a very good buy now, trying to work out the perfect bottom forget it. On Weekly Stellar Lumens can still be bearish around June 23rd however for that case it going up slowly till it breakouts If you confident about Stellar Lumens I would like this article post to have more research links for other bullish scenarios for the Stellar Network Could SWIFT payments be replaced on the Stellar Lumens network as the alternative faster and reliable form of payment transfers? Could Nasdaq exchange allow digital payments for trading on the Stellar Lumens network?
BINANCE:XLMUSDLong
by SmallWindow
$QQQ Weekly Outlook 2/6/23$QQQ QQQ closed at 306.18 after a 20 point move from the 290 level this week. QQQ can pullback to 301-300 if it cant not defend 305 Monday. 300 will be the support to look for continuation to the upside. Below 300 we can pullback towards 295 293 again. Remember never to trade with a Bias. The top day traders use simple strategies. You don’t need 50 different indicators to tell you which way the market will move each day. To generate consistent profits, Keep your approach simple and PAYtiently wait for the right trade setups. Having Decision fatigue can lose large amounts of money in a short period of time. The main cause of this when Day Trading is over trading. Always look for quality over quantity because it this will always add to larger profits in the long term!
NASDAQ:QQQ
by MoneyFlow_Options_Community
$SPX Weekly Outlook 2/6/23$SPX SPX closed at 4136.49 after a big week with multiple Earnings reports, Feds, and Data. We can see some consolidation early this week between 4100 and 4150. As long as SPX can defend 4100 we can continue up through 4200 in the next 1 to 2 weeks. Below 4100 we can see a 60-70 point pullback. 4100 can present a good opportunity in both directions. Remember never to trade with a Bias. The top day traders use simple strategies. You don’t need 50 different indicators to tell you which way the market will move each day. To generate consistent profits, Keep your approach simple and PAYtiently wait for the right trade setups. Having Decision fatigue can lose large amounts of money in a short period of time. The main cause of this when Day Trading is over trading. Always look for quality over quantity because it this will always add to larger profits in the long term!
SP:SPX
by MoneyFlow_Options_Community
EURUSD -Big Short opportunity-Good day traders, Im Looking at the weekly profile to get into a short for the weeks ending, and possible high chance of Bearish reversal and making off the weekly high. Market has been building alot of SSL without a big retracement yet. Price took BSL bigger timeframe, that was a high probability for the market to grab for a long time now. Was acting as (fake) resistance line. Above my range there is a FVG on the 4H way back in priceaction where potential big instutions can be Shorting. Im expecting market to range before the NFP release and with the release start the reversal. I will enter on re-entry short for extra confirmation, and avoid the big volatility NFP brings. Watching for price/NFP to create a last (Fake run) bullish to trap most traders in the market with long positions. Alert: Wait first for the setup to create after the news release. Could be volatile wicks. No financial advice. Have a great day, Dave
Short
by Dave_DayTrader
1
AUDUSD - Trade SetupHello Dear fellows, How are you doing this Christmas season? i am hoping you all are good and doing great and May GOD safe you all the time. So let's discuss the Market , As you know i was Seller in this pair in last week , but last week's closing changed the sentiments little bit , and now i am buyer in this pair . if i will get any good opportunity i will notify here in comment box ( Trade updates ) . Trade carefully so 2023 will bring more success. Best Wishes
Long
by iTradeForexZH
How I see BitcoinHello everyone, this is how I see Bitcoin in the long run. Looking at the weekly timeframe, I am still bearish on Bitcoin right now as it is still trading below the 200-EMA since June 16th, 2022. Also, we're currently in a technical recession after the FED of Atlanta has estimated a negative -2.1% for Quarter 2 of 2022. We already had a negative -1.6% decline for Quarter 1 and now after the FED of Atlanta released their estimates, we're definitely in the technicalities of a recession. If you don't believe we're in a recession right now, just look awful the big retailers did for their Quarter 1 earnings. Walmart and Target did terrible as their revenue went down from consumers cutting their spending due to inflation and of course the cost of gas/diesel, affecting truckers and consumers. Look at Target, when their Q1 earnings were released on May 18th, 2022; they had an excessive inventory as Target highlighted that there is less customer traffic in their stores, meaning that consumers are not spending as much simply because everything is getting too damn expensive, due to inflation! As consumers cut back on their spending, it will obviously affect the GDP. Just look at the consumer sentiment from the University of Michigan. It's at the lowest it has ever been recorded. It's not just consumer spending, look at how many times the 2-year and 10-year treasury yields have inverted this year. The 2-year and 10-year treasury yields have inverted multiple times in February, March, April, May, and today, as of typing this right now. Many tech companies like Coinbase, Meta, Tesla, etc., have all stopped hiring people since May of 2022, in order to cut back on Salaries and Wages Expenses, due to inflation and bad market sentiment. I could keep going on and on as there are many indicators of a recession. Obviously, we still have to wait for an official announcement from the U.S. Bureau of Economic Analysis on July 28th, 2022; whether we're in a recession or not. How does this all relate to Bitcoin? Well, for the past 4 months, every time the CPI data was released, Bitcoin always had a negative reaction to it. As inflation increases, this will cause the markets to dip even further, meaning that investors will draw away from their investments and will be on cash instead during a recession. Since we are in technicalities of a recession due to the FED of Atlanta, expect the stock market to have a negative reaction, causing the price of shares to go down, which in result, will cause a negative reaction to the crypto market in the short-term. So July 13th (CPI Data Release) and July 28th (Real GDP Data Release) will be two important days for July 2022. In the meantime, just because I am bearish on Bitcoin doesn't necessarily mean it's the end of the world. I am still bullish on Bitcoin for the long run. Just zoom-out and relax. Disclaimer: (I am not a financial advisor! Always conduct your own research before investing.)
BITSTAMP:BTCUSD
by brandonreymejia
EURCAD I 300 pip swing analysis! Watch and prepareWelcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! 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
6
Weekly Ichimoku Review of S&P 500 IndexI had a lot of fun calling directions the last few weeks. Best Long Call - 2 week bear rally. Most Profitable - Oct Inflation Print Epic Daily Call - Paramount Double Bottom Some serious Alpha takes being able to spot trends. My indicator of choice for trend spotting is Ichimoku Cloud. Ichimoku Cloud C1 - Bullish 3 weeks to least resistance cross over of bearish trend (price moving over cloud). C2 - Bearish Thick weekly cloud indicating a ways to go before cloud crosses over bullish. Tenkan-Sen (conversion) TS1 - Bearish 9 week trend (short term) is still trending down. TS2 - Bullish Weekly high broke to over the 9 week trend. Kijun-Sen (Baseline) KS1- Bullish Price broke above 26 week trend line after previous 2 failed week failed attempts (3909.2). KS2- Bearish 26 week is above 9 week Chikou Span (Lagging Span) CS1 - Bullish Cross over the 26 week lagging trend line. CS2 - Bearish 2-3 weeks of choppiness in store. My overall analysis for the upcoming week is slightly Bullish. My personal trading target for the week is positive by 2-3% with a test of the 200 day moving average to confirm Short term bull trend. The last time an attempt was made to break 200D was the bull trend peak in august. My biggest concern right now is the window of weakness going into thanksgiving weekend. I will be doing more analysis on the Window of Weakness in the next few weeks prior to thanksgiving. PPI is Tuesday so keep an eye on that for a short term bump or down. If PPI does not decrease by a significant amount as CPI, look to give back some of last weeks gains. Bulls need to hold 3900. Bears need to position for test of 200D this week and should be mindful of OPEX. OPEX is this week for which 4000 seems to be a magnet.
U
by SPYvsGME
1