Lets make it simple. Rupture of a down trend line since 2008. It seems that EUR/USD have a great potencial to help us profit. A strong resistence ahead. But if we break it, we have a double bottom just above. We can go directly of test the resistence first. If we go back that down trend line, forget and wait another plan. Hope this helps you in anyway.
I am not a financial adviser. Make your own investiments studying hard. Good lucky!!!
Weeklymarketsanalysis
Bearish Scenario: Ethereum show weakness!!! divergence downIn the medium term, we noticed that Ethereum doesn't have force to continue up above to $600 USD. So guys, you will need to still alert of any bearish scenario, because I can to see two support: $490 USD and $440 USD.
Now, vey important it's to have this plan in case that Ethereum show more bearish signal in Daily or H8 or H4 timeframe. My reccomendation if you want to get benefit of this short position don't trade H1, trade H4 chart or above.
Also, noticed that in 3 Daily chart in the RSI I mark the red horizontal line that mean sell signal and also, we can to see a sell signal in Ethereum that we would need to know this secret information to accumulate more Ethereum!!!
Ethereum it's one of my cryptocurrency favortie!!!
And then, in weekly timeframe, we see more bearish scenario that Fibonacci mark a possible correction toward the 0.382% and 0.618% of Fibonacci. and also we see a bearish divergence in the RSI too!!!
What do you think about this analysis? Can this analysis support you and have any plan for bear scenario?
GJ Retracement To Market Close *Intra Week Analysis*Good Evening!
Im thankful & blessed to be able to trade another week. Let's make it exciting!
GJ began the week around price point 138.93, which is 140+ Pips away from market close.
Talk about a huge gap. In my opinion gaps are always easier to catch when it's drastic like that.
Mainly because price mostly retraces to wherever it gapped from.
Price is currently testing a 4HR region, a close below would be 1 awesome confirmation. As soon as markets opened GJ was testing a 50 Moving Average to the upside but it failed to break it. As of right now, GJ has just tested another moving average to the downside. It also has been pushed off of it. I predict a plummet back into 137.50, only if it closes below the current box region its in.
Leave a like if you agree with my Analysis
Leave a comment if you're trading GBPJPY this week
Stay Safe!
-Mr.Pipzz
AUDNZD - This week Watchlist Overall view is Bullish on a long term Basis.
Weekly is bullish and so is 4H, But Daily preventing us to take a buy yet.
Weekly closing the last candle with a bullish engulfing confirming the sign of buyers entering.
Daily structure is yet against our weekly bias since we are at LH but daily haven't build of any bearish signs for now which is good for our Bullish bias.
4H is all we are watching for now, keeping an eye for Possible form of HL at the zone drawn in picture then getting Lower Time Frame (LTF) confirmation to enter.
Follow us for more ideas and setups on Forex and Crypto Market.
EURCHF Weekly/ Daily analysis 🦐EURCHF after the break of the major descending channel on the weekly chart is now moving inside an ascending channel.
The price attempt to break a few times the monthly resistance structure at 1.08300 without success.
On the daily chart after the last attempt to break above the structure the market got pushed back at the 0.618 fib retracement.
IF the price will break above the 0.382 Fibonacci level we can look for a once long order for a new test of the structure and the upper trendline.
IF the price instead will break below the 0.618 we will look for a short position according to Pkancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
CHFJPY Weekly AnalysisCHFJPY is about to gear up to test the high of the year 117.800+. Price is testing a VERY key area for this pair, which it hasn't been in or around since August. This week i'm expecting the bulls to continue until price reaches at least 117.915-118.000. Price previously topped out at 117.883 which then after price tumbled down to 113.274. Price has now engulfed the last high that happened back in October which is circled, and looks like it has picked up strong bullish momentum. Lets see what unfolds, goodluck to you all!
BTC Weekly Chart Analysis2017 Jul and 2017 Sep Trend line is legit.
Most likely, BTC will try to touch and test the upper trend line.
If BTC touch the upper trend line, it will likely come down to the bottom trend line.
However, If BTC break the upper trend line, it could be going to the moon or use the upper line as
a support and slowly go up.
I don't think it's going to touch the upper trend line in this week.
It might take a long time to go up to the trend line or come down to retest bottom trend line.
Thank you.
Triangle Breakout This WeekUJ seems to be slowing down in momentum when looking from the higher timeframes. I wanna say we are going to remain bearish overall, but I want to see how this is gonna play out. As you can see from the trendlines, this could be just a giant flag for the bull. So let's find out what happens this week:
BULL TPS:
• 107.260
• 107.528
• 108.072
BEAR TPS:
• 106.808
• 106.437
• 105.844
Will Previous Market Structure on Weekly Be Respected?On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged.
We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice nosedive. This is my favorite pair. I can't wait to see what it does.
BULL TPS:
• 1.52947
• 1.53709
• 1.54582
BEAR TPS:
• 1.51824
• 1.50998
• 1.49809
• 1.49015
Possible Pullback Before ContinuationGold hasn't been this high since the last recession. Had to put in new levels to pace the move. New zones will be created as the market continually moves up.
I don't think it's gonna stop any time soon with the economy devastated by the Coronavirus. This is ongoing. So this is may give god the opportunity to keep rising over time.
The most I'm looking for is a pullback before continuing up. I marked up targets for the short if it comes into play longer than expected. Here ya go:
BULL TPS:
• 1754.14
• 1769.64
• 1795.30
BEAR TPS:
• 1733.84
• 1725.92
• 1701.70
• 1686.70
Can We Stay Bearish?What I'm looking for this week is to see if the bearish momentum will continue longer or will we begin an uptick for a little while. The overall move is bearish, but I'm looking for that to change if it can come back to 1.22093, or make it to the monthly zone around 1.18937.
Otherwise, go bears!
BULL TPS:
• 1.21933
• 1.22889
• 1.24148
BEAR TPS:
• 1.20485
• 1.20022
• 1.19224
• 1.16804 (this is a stretch TP pass the monthly)
Could Daily Engulfing Candle Signal Where Breakout Heading?So we respected a bearish harmonic on the daily. But this multi-day consolidation is preparing for a big move.
But I'm curious will the move be strong enough to break the monthly zone of 136.218 and make a bigger push down if this is going to be a major short?
Otherwise, I do see a bearish engulfing as the last candle sitting on this daily zone. So it may be signaling the bull will begin this week. We'll see.
BULL TPS:
• 138.252
• 139.019
• 140.638
BEAR TPS:
• 137.239
• 136.390
• Only id the monthly zone is broken…135.464
• 134.650
Gold Monthly Weekly Daily analysis 🦐GOLD on the monthly chart is moving inside and historical ascending channel.
The price after hitting the historical highs started a retracement move until the 0.5 fib level over the exponential moving average almost at the 0.618 fib retracement.
On the daily chart, the price tested the top trendline of the descending channel and retraced until the 1860 area below the ema.
IF the price will break and close below the weekly support we can look for a nice short order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Weekly Trading Analysis 15.11.2020This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses.
@DXY: Dollar Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: DOWNTREND
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
VERDICT: NEGATIVE
----------------------------
@EXY: Euro Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
VERDICT: POSITIVE
----------------------------
@SXY: Swiss Franc Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: EXTENDED TREND CYCLE B
WAVE: WAVE 3 COMPLETED
VERDICT: POSITIVE
----------------------------
@ZXY: New Zealand Dollar Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
VERDICT: POSITIVE
Note: Wait for a Pullback
-----------------------------
@AXY: Australian Dollar Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
VERDICT: POSITIVE
Note: Wait for a Pullback
-------------------------------
@JXY: Japanese Yen Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: EXTENDED TREND CYCLE B
WAVE: CORRECTIVE PHASE
VERDICT: NEGATIVE
Note: MORE DOWNSIDE BEFORE TREND CONTINUATION
-------------------------------
@BXY: British Pound Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: TREND CYCLE B
WAVE: WAVE 3 COMPLETED
VERDICT: POSITIVE
---------------------------------
@CXY: Canadian Dollar Currency Index
WAVESOFSUCCESS ANALYSIS
TREND: UPTREND
PHASE: TREND CYCLE B
WAVE: WAVE 1 COMPLETED
VERDICT: POSITIVE
Note: Cad is very strong and keeps an eye on the Bullish move
-----------------------------------
CURRENCY PAIRINGS
BUY PAIRS
EURUSD
GBPUSD
NZDUSD
AUDUSD
EURJPY
GBPJPY
AUDJPY
GBPJPY
CADJPY
SELL PAIRS
USDCHF
USDCAD
Weekly Market Update | Week ending on 13th November 2020Hello traders! This is the Weekly Market Update for the week ending on 13th of November 2020.
1. Lets get started with the performance of the major indices day by day first.
On Monday we had strong gains for Dow Jones and S&P 500 - news that the experimental coronavirus vaccine co-developed by Pfizer and BioNTech prevented more than 90% of infections in a large-scale study. However, the indices closed far from the highs of the day, as the frantic rally, as well as last week's strong profits, gave investors the opportunity to secure profits. At the beginning, the Dow Jones jumped to a new all-time high with a jump of 5.5%, while the wider S&P 500 also recorded a rally record of 3.7%.
Dow Jones: + 2.95%
SP500: 1.17%
Nasdaq: -1.53%
On Tuesday we had mixed signs with the Dow Jones industrial average adding another 262 points. The technology Nasdaq recorded strong losses for the second consecutive session and now loses 2.9% since the beginning of the week.
Dow Jones + 0.90%
S&P 500 -0.14% (recovered nicely from the low levels of the period, with an early loss of 1.1%)
Nasdaq -1.37%
On Wednesday we saw positive signs as investors preferred the security of the shares that performed well in the coronavirus crisis.
Dow Jones -0.08
S&P 500 +0.77
Nasdaq + 2.01%
On Thursday, the growing number of cases in the US has raised concerns about the health of the economy as the year draws to a close.
Dow Jones -1.1%
S&P 500 -1%
Nasdaq -0.7%
On Friday, we ended the week with a mini rally, with investors' "appetite" fueled by hopes that an effective coronavirus vaccine may soon be available. However, there are concerns about the number of coronavirus cases both in the US and in other countries with one negative record being broken after another.
Dow Jones + 1.37%
S&P 500 + 1.36%
Nasdaq + 1.02%
On weekly basis the Dow Jones had a gain of +4.1%, the S&P 500 +2.2% while the Nasdaq had a loss of 0.6%
2. The outlook of Wall Street right now is : Uptrend. . The Uptrend was confirmed on 4th of November with our follow through days on Dow and SP500 and on 5th of November with the follow through day on Nasdaq. The distributions days are 1 for SP500 and 2 for the Nasdaq.
3. Technical Analysis for Nasdaq
Resistance : 12081
Support : 11542 (which is also the EMA21)
4. Expectation for the next week : Higher
RLCBTC bounced on weekly support 🦐RLCBTC bounced on weekly support and now the price is testing daily resistance.
IF the price will have a breakout upward, We can set a nice order on the retest, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY analysis by forexbeeEURJPY Analysis: Looking to buy from the below demand zone
Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe.
Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level. there are high chances of reversal in price.