TOTAL2 200MA WEEKLY SUPPORT
Hello, HODL-ers! How are you feeling this Friday? Hope everything's well.
This is TOTAL2 on the weekly timeframe. Notice how the 200MA has been holding as support since the week of June 13, 2022, and has propelled this week above the higher highs trendline that started after the drop on August 5.
Volume isn't amazing, so we should keep this in mind for future analysis. Only two days left until the weekly close.
How do you think this week will wrap up? Feel free to share your thoughts.
Stay safe and humble!
Weeklymarketsanalysis
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels.
One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone.
An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback.
Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 .
Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
Weekly Market Wrap With Gary Thomson: 28 October - 1 NovemberWeekly Market Wrap With Gary Thomson: NASDAQ 100, US Dollar, GOOGLE, MSFT Shares Price
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- NASDAQ 100 CONSOLIDATES AHEAD OF MAJOR MARKET LEADER EARNINGS REPORT
- DOLLAR CONTINUES AGGRESSIVE RISE AHEAD OF U.S. ELECTIONS
- ALPHABET INC. (GOOGL) SHARES RISE TO $180 FOLLOWING EARNINGS REPORT
- MICROSOFT (MSFT) SHARES DECLINE DESPITE STRONG EARNINGS REPORT
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Weekly Market Wrap With Gary Thomson: 14 - 18 OctoberWeekly Market Wrap With Gary Thomson: GBP, EUR, Natural Gas and NVIDIA (NVDA) Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
— Pound Falls After Inflation Report
— Euro Tests Key Support Levels Ahead of ECB Meeting
— Natural Gas Price Drops Over 8% Since the Start of the Month
— NVIDIA (NVDA) Shares Fall Over 4%, Missing a Record High
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
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XAU/USD 21-25 October 2024 Weekly AnalysisWeekly analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation.
The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line.
Price has continued to rise, bringing CHoCH positioning significantly closer to analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions.
Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materialising.
The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has been brought significantly closer to current price action.
The bearish CHoCH level is denoted by a blue dotted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Since the last analysis, due to illness, price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
Weekly $SPY OptionsAMEX:SPY
Last week our $568 Calls ran over 130%. Here's what we are watching this week. Confirmations are 15-30 minute candle closes above (calls) or below (puts) our pivot.
Range we are watching: $581-$585 (Pivot: $583.50)
Bullish Scenario: $585 Call 10/28
Entry: 15-30 minute confirmation CLOSE ABOVE $583.50
Target: $585
Bearish Scenario: $582 Put 10/28
Entry: 15-30 minute confirmation CLOSE BELOW $583.50
Target: $580.90, $578, $574
Weekly Market Wrap With Gary Thomson: 7 - 11 OctoberWeekly Market Wrap With Gary Thomson: Hang Seng Index, XAU/USD, Microsoft and Netflix Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- Hang Seng Index (HSI) Drops Nearly 10% Today
- Analysis of XAU/USD: Gold Price Drops to a Two-Week Low
- Microsoft (MSFT) Shares Drop Over 3% This Month
- The Netflix (NFLX) Share Price Has Reached an All-Time High
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CFDs are complex instruments and come with a high risk of losing your money.
Weekly Market Wrap With Gary Thomson: Sept 30 - Oct 4Weekly Market Wrap With Gary Thomson: Brent Crude Oil, GBP/CAD, US Dollar, Lockheed Martin Stock
Welcome to the 100th edition of our Weekly Market Wrap video series!
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
– XBR/USD Analysis: Brent Oil Price Soars After Attack on Israel
– Analysis of GBP/CAD: Price Falls Below 1.800 Level
– Dollar Strengthens Ahead of Employment Data Release
– Lockheed Martin (LMT) Stock Price Surpasses $600 for the First Time
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
#marketwrap #marketanalysis #forexmarketanalysis #stockmarketanalysis
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CFDs are complex instruments and come with a high risk of losing your money.
EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D
Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers.
May profits be upon you.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly Market Wrap With Gary Thomson: 16 - 20 SeptemberWeekly Market Wrap With Gary Thomson: S&P 500, Fed Cuts Interest Rates, US Dollar, S&P/ASX 200 Index
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P 500 Sets Record Ahead of Fed Decision
- Fed Cuts Interest Rates by 0.5%
- Dollar Trades Mixed after Fed Rate Cut
- Australian S&P/ASX 200 Index Hits All-Time High
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
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CFDs are complex instruments and come with a high risk of losing your money.
XAU/USD 16-20 September 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned, for over one month, that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought significantly closer to price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of bearish pullback.
First indication, but not confirmation of pullback is for price to print a bearish CHoCH.
Bearish CHoCH positioning is denoted with a blue doted line.
Daily Chart:
H4 Analysis:
Intraday analysis/bias remains the same as analysis dated 13 September 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS without any significant pullback following previous bullish iBOS
Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices.
Intraday expectation: Price indicate pullback by printing bearish CHoCH. Current CHoCH is significantly far, therefore, price could print higher-highs to bring CHoCH positioning closer to current price.
H4 Chart:
Weekly Market Wrap With Gary Thomson: 9 - 13 SeptemberWeekly Market Wrap With Gary Thomson: S&P 500, AUD/USD, NZD/USD, USD/JPY Analysis, NVDA Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P Rises Following Inflation Data Release
- Market Analysis: AUD/USD and NZD/USD Trim Gains, are Bears Back?
- USD/JPY Analysis: Rate Drops to New Yearly Low
- Nvidia (NVDA) Shares Surge over 8%
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
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CFDs are complex instruments and come with a high risk of losing your money.
XAU/USD 9-13 September 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed again in last week's weekly analysis, However, CHoCH positioning remains the same.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
On Tuesday 20 August 2024 price printed all time high.
Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range.
Thus far, over a period of 12-days, price has been unable break weak internal high which is an indicator that price may seek further liquidity before attempting to target weak internal high again.
I would expect price to either react at discount of internal 50% EQ or Daily demand zone before targeting weak internal high.
Daily Chart:
H4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
Weekly Trade Planning SessionIn today's session, I will be analyzing the USD/JPY, GBP/USD, CAD/JPY, and EUR/USD pairs.
The framework I follow includes:
Portfolio selection
Currency ranking
Multi-timeframe analysis.
Below is the portfolio selection for this week:
AUD/CAD: Bearish (-5%)
AUD/JPY: Bearish (-59%)
AUD/USD: Bullish (17%)
CAD/JPY: Bearish (-54%)
EUR/CAD: Bullish (16%)
EUR/JPY: Bearish (-38%)
EUR/USD: Bullish (38%)
GBP/JPY: Bearish (-17%)
GBP/USD: Bullish (59%)
USD/CAD: Bearish (-22%)
USD/CHF: Bearish (-63%)
USD/JPY: Bearish (-76%)
Happy Trading!
Gold - What to expect in September?XAUUSD spent the week in a consolidation zone, trading back and forth without notable progress. The price tested resistance several times, but we didn't see higher highs or closes. On the weekly chart, two doji candles in a row suggest a breakout—above or below last week's range—could be near.
Based on price action alone, the market appears overextended, excluding fundamentals. Since March, only bullish months have been observed, with June neutral. A strong divergence on the weekly timeframe signals a possible pullback.
Reviewing September trends from the last five years shows a bearish tendency, even amid a broader bullish trend. This pattern hints at a deeper pullback toward the 50% retracement of the previous month’s range. Still, caution is needed after two neutral weekly candlesticks to avoid chasing the market.
Lingrid | GOLD Weekly OUTLOOK. What to Expect This September?OANDA:XAUUSD market spent the entire week in a consolidation zone, trading back and forth. The price tested the resistance multiple times, but we did not see any higher highs or higher closes. Looking at the weekly chart, we can observe that the price action has created two doji candles in a row, suggesting that a breakout—either above or below last week's range—is imminent.
I believe the market may be overextended based solely on price action, not considering fundamental factors. Since March, we have seen only bullish months, with June being neutral. Additionally, the price has formed a significant divergence on the weekly timeframe signaling the pullback.
If we examine September trends over the past five years, we notice that this month has typically been bearish, despite the overall bullish trend. Given this historical context, I suspect we could see a deeper pullback toward the 50% retracement level of the previous month's range. However, it's important to note that this pullback may not happen immediately, so caution is advised in chasing the market, especially after two neutral weekly candlesticks.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAU/USD 02-06 August 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed again in last week's weekly analysis, However, CHoCH positioning remains the same.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
On Tuesday 20 August 2024 price printed all time high.
Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range.
Thus far, price has been unable break weak internal high which is an indicator that price may seek further liquidity before attempting to target weak internal high again.
I would expect price to either react at discount of internal 50% EQ or Daily demand zone before targeting weak internal high.
Daily Chart:
H4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
Weekly Market Wrap With Gary Thomson: 26 - 30 AugustWeekly Market Wrap With Gary Thomson: EUR/USD, NASDAQ 100, NVIDIA, Gold and Oil
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- EUR/USD falls below 1.11 support
- NASDAQ 100 consolidates ahead of NVIDIA report
- NVIDIA (NVDA) shares fall despite strong earnings
- Market analysis: Gold and Oil prices signal more upsides
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.