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Weeklymarketsanalysis

Possible Candle Formation Will Determine Trend DirectionThis looks like an incomplete inverted head, neck, and shoulder forming on the 4hr after the strong bullish move the later half of last week. We did pass a weekly level, so a pullback is likely, but may not hold for very long. If we breakthrough both the weekly 1.55481 and daily level 1.53147 areas, we'll continue on the downtrend seeking to reach a new low. Let's see how this plays out. BULL TPs: • 1.55140 • 1.55357 • 1.55772 • Stretch TP: 1.57114 BEAR TPs: • 1.54481 • 1.53962 • 1.53488 • 1.53147 • Stretch TP: 1.52359
by NikaJourney
[Market Breakdown 1] EURNZD WeeklyWe have multiple indications for a long set-up on EURNZD. First of al we have received a Fib completion, which indicates us a switch of momentum. It seems like we hold the Supply & Demand zone as support. The Big driver is clearly Bullish. Everything between the 2 blue boxes can be relief for more upside momentum. We also do have an ascending trend line holding up the price since December 2018. Last time we were sitting at this zone we went up for 3000 pips! Some Buy orders probably still sitting there.
by Pipjager
BTCUSD weekly support Hi everyone, as I mentioned on my previous analysis on monthly, we may see a significant pullback, so i decided to point where we have a supports at bitcoin. First support is seen at around 18000 which would mean retest of high from 2017/2018, also there is 61.8 pullback from last rally from 3.2k to 42k. second support is seen at previous resistance which occured to be at around 11500 where also lies 78.6 fibonnaci retracment and 61.8 retracment from 2018. this support should be counted as initial, if we will go any lower than that, we may see pullback to as low as 3300 (low from the week of december 10 2018). This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
BITSTAMP:BTCUSDShort
by Coder775
DOT weekly dip bounce up analysis. ALTcoins market over yet?Weekly dip just like a clock. I feel like we are in the BUBBLIN phase for altcoins, most charts are seeing x3 - x20 across boards, so beware this will not continue for a long time now. Expect BTC to bounce up from weekly support and ALTs will follow. Possible retrace for DOT here. Check both RSI and Volume movements. IF BTC will continue to fall and we will not see RSI pump, altcoin market will see red and we might hit hard support at 12,5. We observe. We make plans. We take profit. And then we wait. Patience is the key.
Long
by lucrat1ve
Weekly Analysis for 01/17/2021Welcome to my first Weekly Analysis of the New Year!! I hope trading has been well for all these past few weeks. It should be an interesting year in the ForEx Market and I'm looking forward to documenting it as much as possible. Like I said in the video, I'll be doing my best to share as much as I can of my experience and also what knowledge I do hold on trading in this market! Please do share with other's that you would see finding value in this analysis and leave some comments on your thoughts or projections for the week. Looking forward making some new connection and good luck trading this week! Be mindful of trading any pairs with the USD, might be an interesting week.
by simplecell_
Can WE Reach XLM ATH in Few Weeks?After Very long side way XLM has broke out two very Strong Key Level Of Resistance with very bullish weekly candles . in the last two candles we can see great engulfing which broke resistance key level and finally nice rejection by zone and dynamic trend line. there is two long possibility for price action now: get back to the zone one more time and start to moving up and break small ascending channel then pullback to it and then start moving up.
CAPITALCOM:XLMUSDLong
by behnamkarimi6
EUR/USD Weekly Review 1/15/20Please see my old post for context. We have confirmed a structure break and it will be interesting to see if this down move picks up steam or retraces the next week. What I got WRONG:I anticipated more bids around 1.21 and below. What I got RIGHT: Bearish sentiment and confirmed down trend On the news front next week is busy, especially the later half. As I mentioned earlier it appears politics, for better/worst is driving volatility. I'll revisit this idea later this weekend
by en1gm9t-c
DXY USD Index Weekly Speculations with CoronaVirus Effects Hi as we can see, there are some support areas, where there are chances of trend reversal or some retracments, but what is clear here, is the price had broken the bullish trend and now making a new low, since a very long time. and it has the absolute potential to break more down, as Coronaviros gets more epidemic in USA. so the dollar will get effect, as wall-street as well as Nasdaq got influence. the second scenario is that, if Coronavisus gets controlled so the News effect may reverse the dollar strength, and the price may change the entire trend, and goes bullish ... please write your ideas in the comment section. regards.
TVC:DXY
by BitonGroup
Ethereum to Btc Setting Up Ascending Triangle on The Weekly!!!!!It seems like the Ethereum to Bitcoin chart is setting up a large Ascending Triangle on the Weekly timeframe which is very bullish for Ethereum. It seems like we can be in this ascending triangle for about a couple more weeks or even months but once the breakout happens and fully confirms we will be seeing major moves for Ethereum and possibly reach the All Time Highs. How to trade ascending triangle An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. Once a breakout is confirmed typically you are looking for a retest to confirm the support line before going to the upside which is also a great buying/longing entry.
by aberajab
2
Weekly Trade-Ideas for the 11 Automobile ManufacturersWeekly Trade-Ideas for the 11 Automobile Manufacturers #1 Li Auto Inc ADS (Symbol LI) has been trading in a narrow range between the price level of $30.09 and $33.20 since December 4, 2020. The stock found a temporary bottom at $26.68 on December 29, 2020, as part of the Double Bottom Class II Pattern. The current price is $30.99 based on the market close of January 5, 2021, 4 PM EST. Trade Idea: Still Bearish, Price Target around $36. Maybe this stock may trade between the range of $33 and $36. #2 Workhorse Group Inc (Symbol WKHS) has been trading in a narrow range since December 1, 2020. The stock retested the previous high price on December 24, 2020, but failed to penetrate that price level. Trade Idea: This stock may pullback and then break out to a test price level of $26. #3 Xpeng Inc ADS (Symbol XPEV) showed sign of a temporary bottom around $37.58 on December 28, 2020. The stock just penetrated the major bearish trendline on December 31, 2020. The current stock price is $42.34 as of the market close on January 5, 2021, 4 PM EST. Trade Idea: Too early to determine anything. #4 Arcimoto Inc (Symbol FUV) is currently at a major support price level of around $13.30 as of the market close on January 5, 2021, 4 PM EST. Trade Idea: A retest of the previous high around $18.91 is possible. #5 Nikola Corporation (Symbol NKLA) is testing the $16.03 as of the market close on January 5, 2021, at 4 PM EST. The stock found a temporary bottom at $13.77 on December 23, 2020. Trade Idea: Breakaway from the major bearish trendline, short-term target price at around $18.19 #6 NIO Inc (Symbol NIO) is currently retesting the previous high on Nov 25, 2020. Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double top pattern too. #7 Telsa Inc (Symbol TSLA) is testing the current high price of $735.11 as of the market close on January 5, 2021, 4 PM EST. Trade Idea: Pullback retest of the bull gap on Jan 4, 2021. #8 Toyota Motor Corp ADR (Symbol TM) is currently testing the new high price level of around $153.40. Trade Idea: If the momentum stops, the stock may pull back to $145. #9 Honda Motor Co ADR (Symbol HMC) temporarily bottomed on Mar 23, 2020, at around a price of $19.92. The stock price chart just formed the inverted head and shoulders pattern. Trade Idea: Possible retest bull gap of week November 9, 2020, and then the uptrend to continue, but this is still too early to determine. #10 General Motors Co. (Symbol GM) is testing major resistance at around a price of $43. Trade Idea: Possible pullback below the major bullish trendline to a possible low of $33, but if the correct momentum continues this stock may breakout from the $43.67 price level. #11 Ford (Symbol F) is testing major resistance at around a price of $9.56. Trade Idea: Short-term price target of $11 Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
NASDAQ:LI
by GreenfieldAnalysis
2