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Weeklymarketsanalysis

Gold: Weekly Forecast 9th - 13th DecGold is finally coming to the end of a 3-month consolidation similar to the consolidation which started in mid-Feb 2019. While the price dipped about 200 pips last Friday due to a strong US employment data, it found support at 1459 and hold out till the market closed. Although the bull strength was disappointing, there's always a chance for gold to rise again as long as it does not break any lower than 1440. This week, we will still focus on buying between the price of 1457 and 1455. And since the price has already pulled back significantly, the opportunity should come as soon as within the first 2 trading day.
FX:XAUUSDLong
by AlgoVenture
1
EURUSD: Weekly Forecast 9th - 13th DecEURUSD completed the 2nd pullback slightly higher than the range top. NFP data was released, showing an actual of 266k as compared to 181k, and the unemployment rate fell to 3.5% from 3.6%. This gave the Fed a very valid reason to pause any further rate cut which will be good for the dollar. As such, the price has started the 2nd bearish trend during NFP last Friday as it broke through the bottom of a range. In this week, await pull back and look for sell opportunity between the range of 1.1068 and 1.1089.
Short
by AlgoVenture
1
Gold: Weekly Forecast 25th - 29th NovIs a new major bullish trend about to begin? This week or next week? Or maybe things price may go south instead? The gold turned out as forecast as it climbed first but fell from rejection at a minor supply zone. Gold is entering the final week of completing a 3-month consolidation just the same way as the consolidation in Feb-May period before a new major bullish wave begins. The fundamental hasn't changed except that the dollar shall remain resilient for now as the Fed paused for any further rate cut. Gold is very much driven by risk sentiment and the lastest statement about Hong Kong by President Trump which may affect a trade deal between the US and China does bother me, somehow. Nevertheless, I think it's fair to take a bet as the price retest the low at the 3-month demand zone. Let's observe how gold will react in the beginning of this trading week.
FX:XAUUSDLong
by AlgoVenture
EURUSD: Weekly Forecast 25th - 29th NovAnother forecast came true as EURUSD fell from a supply zone at the neckline of a double top formation. With the major trend intact, the price may begin with the 2nd bearish wave this week. However, the price might still find support from 1.1000 and rebound off to a higher price. And should the price gets supported and climbs, look for another opportunity to sell around 1.1055. More specific trading idea will be shared in the coming daily forecast. Stay tuned!
Short
by AlgoVenture
EUR/USD: Weekly OUTLOOK and TradingplanHey tradimaniacs, welcome to the weekly preparation of EUR/USD. Looking at the DAILY and 4-h Chart you can clearly see a continuation of a tripple-top-pattern as textbook describes. After a break below the first Trendline (b) which was caused due to bullish weakness which caused euqal tops we`ve seen the first weak rejection right at the Neckline of this pattern. After the Breakout I was just a matter of time until the market retests the Neckline to follow this pattern. I expect the market to retest the price-zone near 1,10400 - 1,10500 before we continue the downtrend until the Target-Zone of 1,0098. ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
Dash (Weekly) Potential Double BottomGood Evening Ladies and Gentlemen, this one doesn't depict the same case as Ethereum and Litecoin but it is showing bullish variables. 1. Potential Slightly Higher Low Double Bottom with Hidden Bearish Divergence on the Weekly MacD 2. Bullish Convergence on the Weekly RSI 3. At areas of CRITICAL SUPPORT 4. MacD waning (Close into Positive momentum) Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription options are $15 a week, $50 a month or $500 a year. These are extremely cheap options compared to most other premium groups! We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups." 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.
POLONIEX:DASHUSDLong
by ChArtWorks_TechnicalArts
2
Dollar: Weekly Forecast 18th - 22nd NovAs Fed put a halt towards further rate cut, the dollar has rebounded off from a 3-month low and recovered 50 per cent of the previous bearish wave. Last week, the dollar went into consolidation and turned towards a retracement. Therefore, there will probably be more bearish movement during this phrase of retracement until the price reaches the demand zone starting from the neckline of a double bottom at 97.8. Since it is the phrase of retracement, let's wait and observe patiently until a buying opportunity presents itself.
TVC:DXY
by AlgoVenture
China A50, longChina A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts. As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues. Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more Adding my earlier studies for different perspectives on charts If you like what you see, please share a thumbs up and a comment in the section below If there is any specific chart to be reviewed, share the details below and I will try and revert at the earliest Lets discuss! Cheers
OANDA:CN50USDLong
by LoveForCharts
EURUSD: Weekly Forecast 4th - 1st NovLast week, EURUSD has put an end to the bearish trend as it kept climbing and reached its previous high. There is not much selling pressure at the current resistance 1.1180 or in fact, there was on last Thursday but did not sustain. There's also an interesting pattern whenever a new high was created at the top of the 40-month falling channel. The first wave brought the price to the top of the zone but it always takes a second wave to push the price to the extreme top of the channel before the start of a strong and long bearish trend. So obviously, this current bullish wave right now is the 2nd wave I'm talking about and this got me to believe that EURUSD will climb further this week and probably stays resisted or come down in the later. But ultimately, what I'm really waiting for is to sell once the 2nd top is formed and confirmed.
by AlgoVenture
BITCOIN PRICE ANALYSISArgument for Bitcoin Bulls: The weekly looks very healthy all around, and we may be ready for another infamous 1000 candle/wick spike. Here's my case starting in January 2019: Jan 7, 2019 is the most recent date on the weekly which we still see a Volume Profile Visible Range (VPVR) indicator this low, in the 3,500's. That was a rough time for BTC hodlers. It may not have been clear at the time, but the buildup was imminent. With a nice and low RSI, we saw support from the 200 Moving Average (MA) at $3,307.65 shortly thereafter the week of Jan 28(orange.) When we move one week over to the right, with the week of Jan 14 as our start, we finally see a jump on our VPVR to $7,944.99. In other words, from Jan 14 to present, the price which Bitcoin has traded the most heavily at is $7,944.99. This is a healthy sign because we are above the support we saw at $7,634.58 on June 3 during the pullback of the initial jump to our current price range. Since the pullback during the week of Sep 23, 2019 where we shortly thereafter saw support from the 100MA on Sep 30 at $7,743.67(yellow), we have almost fully recovered, conquering the 4 and 21 Exponential Moving Average's(EMA's.) Most importantly, the Relative Strength Index(RSI,) has finally leveled out after the spike to $13,868.44 on June 24, where we saw the RSI spike up to almost 80. The 21 EMA(purple) has supported this most recent week's dip thus far, and Bitcoin looks like it's ready to reclaim $10,026.79. If that level turns into support, we could see some big profits in the sort-medium term. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes only. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSDLong
by CryptoRichCrypto
CADJPY Swing (SELL) Trade IdeaCAD/JPY --------------------------------------------------------------------------------------------------------- CAD been gaining strength for the past few weeks and we have now reached an important supply zone. Here, price begun its Sell Move the last time it was here and created RBD and DBD from the zone. This is on a monthly, weekly and daily level. Expecting a return of downtrend of JPY pairs. CAD also is expecting weakness based on fundamental knowledge of the currency in the world now. Sell Limit @ 82.395 SL: 83.687 TP: 80.867 R:R Ratio: 1:~9. This should be good for us to make 300 pips. Until next time beloved! Peace!! ---------------------------------------------------------------------------------------------------------
Short
by ricky1270
EURUSD: Weekly Forecast 28th Oct - 1st NovEURUSD fell last week as it was technically overbought and also due to strong resistance near the top of a 40-month falling channel. As it seems right now, the bearish trend is building up well and there's no real support at the current price, thus the price is most likely to fall further this week. During Draghi's final speech as the ECB President, he had reaffirmed the intention of keeping interest rate low or even lower if need be, and that the bond purchase program is going to relaunch in November. On the other hand, it also seems that the Fed is very likely to cut rate in the upcoming FOMC meeting. In conclusion, the EURUSD is most likely to extend its drop but will find strong support at the 1.10 region, just before and/or after FOMC meeting in the later week.
Short
by AlgoVenture
ALXN, weekly chart reviewNASDAQ:ALXN , as seen in my previous analysis, is in a descending triangle formation on monthly charts and in the weekly charts, more likely in a rectangle formation, again bearish as price has moved into the rectangle from top and likely a continuation pattern, price most likely to breakout downwards. Will find strong resistance at the top as it coincides with 0.382 Fib Levels. One may be tempted to look at this formation also in context of descending triangle as lot selling interest may start to come a little before Fib 0.382 levels as a lot of institutions look at these levels closely. Ideal to look at breakouts to trade this chart. Be patient, but observant. Strike when the right time comes. If you like what you see, please share a thumbs up and do leave your comments
AEducation
by LoveForCharts
AAPL, bearish divergenceThe chart showcases how looking for divergences can be helpful to identify buy and sell opportunities. In early Jan 2019, after a healthy correction on the AAPL stock, the RSI and the price showed a great bullish divergence as explained on the chart. Similarly, now, we are witnessing a bearish divergence, where price has. over making. a higher high, whereas, the RSI has not made a new high indicating a pause or retirement maybe around the next few sessions 200 Day MA serves as a great support level on weekly times frames, super rock solid across time. It will be good to keep an eye on the weekly charts too and keep an eye when a bounce back or reversal could happen in case drawdowns If you like the observations, please share a thumbs up Happy to hear your comments Cheers
NASDAQ:AAPL
by LoveForCharts