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Weeklymarketsanalysis

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
Dash Long Term TrendShow cased by Mitch Ray. Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend back to the upside. The Gaussian Channel has not turned teal yet! Not good! We are currently sitting outside of the trend just barely. We haven't seen in follow through price action as of yet and you the main importance here, is we haven't broken critical support yet, but we are currently sitting at it. Breaking it, could be extremely ugly. Their are supports on the smaller time frame, but you have nothing until like $17 from that wick all the way back from our first bull run on the weekly time frame. So, we need to start rallying above the support we are sitting at and get back into that long term trend we have been in or it's going to get real ugly, especially if bitcoin starts getting to lower prices between $6800 and $7400 (7200 being the .618). I don't think for a long term position, it is a lot safer to take a position where we're at than if we were at the top of the trend. You are showing Weekly Hidden Bullish Divergence on the weekly MACD as well as Bullish Convergence on the RSI. Stops need to be placed carefully and I recommend having exit targets in play. Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
POLONIEX:DASHUSDLong
by ChArtWorks_TechnicalArts
BITCOIN IMPORTANT LEVELSWelcome back everyone, $BTC is at it again and we may see some big gains ahead of us. I've compiled Bitcoin weekly trend analysis and technical analysis. The yellow lines represent high volume node(HVN) point of control(POC) from the weekly chart, aka prices which may act as support/resistance. The white lines represent trend indicators, prices where we have seen significant action in the past. $8,736 came from the weekly, and the rest of the white lines are trend indicators from the daily chart. A daily close below $8,530.01 or $8,438.35 may indicate downward movement. A weekly close above $8,736, which as already rejected once, would be idea for the bulls. I know there's a lot going on here, I'll break it down. Here is our $BTCUSD weekly chart, where we get our $8,736 line and our yellow POC's from the volume indicator. Here are our local trend lines on the daily, stacked on top of our weekly values. Lastly, we arrive at our masterpiece, watch these levels carefully and manage your risk appropriately! 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:BTCUSD
by CryptoRichCrypto
XBTC-BTC/USD WEEKLY CLOSEGood day guys, well we had the weekly close under 8 k, not a good sign on my view, per weekly we are in a bear market. We have ton of 9 buy coming up or in game now and a possible descending triangle forming on the daily/4 h ( later a chart of the 4 coming up). On a overview of the TD and CME open: M 2 UNDER 1 31 D PRICE FLIP - green 1 W 7 ON 9 COUNT 3D 9 BUY 2D 9 BUY 18 H 9 BUY 12 H 9 BUY 8H 7 ON 9 COUNT 4H 8 ON 9 COUNT - NEXT CANDLE A 9 BUY 2H 6 ON 9 COUNT 1H 2 ON 9 COUNT, NOT YET A 2 ABOVE 1 15 MIN NEUTRAL CME OPEN GAP FROM 8200 TO 7903, possibility for upside to the trend line and 8k resistance zone with a wick up to close the gap. This would be a relief bounce before new lows in my view. Keep a close eye on ADX and the -DI on verge of a possibile cross with +Di Safe trade folks
BITMEX:BTCUSD.PShort
by taryjaya
EURUSD: Weekly Forecast 7th- 11th October 2019EURUSD turned out as expected of my previous forecast as it started to range after the retracement from the new low. The repeating pattern shows that the price is expected to range in the coming week. Traders can look out for a selling opportunity at the top of the range, stop loss placed just above 1.1020. However, the distinct difference between the current pattern and the previous two is that the current one is trading at the bottom of the range. This could mean a potential reversal may take place thus taking partial profit at the demand zone around 1.0920 is highly recommended.
Short
by AlgoVenture
US30: Weekly Forecast 30th Sept - 4th OctChart patterns and timing work hand in hand. Last week, the US30 has been consolidating for the 2nd week while creating lower highs and lower lows. A similar pattern has happened jus about 2 months ago in July as the price rose to a high, consolidated for close to 3 weeks, and fell like a waterfall. Straight to the point, traders can consider selling US30 right now with a stop loss just above the previous high (must be higher than 27000). Profit targets at 26400, 25800 and 24800.
OANDA:US30USDShort
by AlgoVenture
Weekly Bearish Bat to retest $300 on LitecoinSo i have already posted a chart of my Bullish outlook on the BTc pair for LTC so far so good. Now i think it's about time i do the USD comparative. As you can see in the chart we are in a major area right now and we seem to be trying to get above and out of it and at the same time we seem to be forming a harmonic pattern. it's a bearish one but one can go long on the swings especially considering how much of a move up this last wave potentially has for us. The PCZ of the pattern happens to line up with the ATH So if we can break out of this critical area i see no reason why LTC wont continue it's ascent back to the 300s.
BITFINEX:LTCUSDLong
by RizeSenpai
EURUSD: Weekly Forecast 23rd - 27th Sept (Happy Birthday to ME!)Yup, it's exactly the date of my birthday lol! Alright, EURUSD has been trading within a range last week. Although it seems slightly bearish for EURUSD, the fact that it's still staying supported at the bottom of the range says that the price could still climb further. The long-term outlook for EURUSD stays bearish but this coming week could be a short-term bullish one, expecting the price to reach highest 1.1150. Therefore, traders can look to long EURUSD at the bottom of the range from 1.10 onward or just wait patiently for the price to break above 1.11 to look for a short opportunity.
Long
by AlgoVenture
EURUSD: Weekly Forecast 16th - 20th SeptemberThe current bullish wave (major retracement) is probably coming to an end soon. EURUSD has been ranging since early this month after it hit the lowest at 1.092. The price is currently trading at the high of the range and is also about to reach the top (selling zone) of a 39-month falling channel. With that, I think we can keep it simple and sell EURUSD in the middle of the week should it continues to climb and reach the demand zone around 1.1170.
Short
by AlgoVenture
Gold: Weekly Forecast 16th - 20th September"Saturday’s attack on Saudi oil fields knocked out about half that country’s oil production." That's the major news first thing in the morning and we have seen the gold jumped as well as oil, yen, Swiss franc and cad. The gold price was trading within a range since early August and the price has came back to this month low and was well supported at a demand zone. The price was actually at the end of a 3-month rising channel at the bottom. The last daily candle was a bearish one but still showed support and this morning without any sign, the price opened with a gap of 180 pips higher. The Dow Jones has also broken below a rising structure and that supports the gold to climb further. Trading plan for gold? Just buy. The technical setup this morning is favourable enough for the gold. The fundamental movement of the gold hasn't changed either.
FX:XAUUSDLong
by AlgoVenture
XAUUSD Down?For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However, It is in a strong bullish uptrend, so it can really continue upwards. And when trading against trend it is hard to say how far we can go but I'm leaning towards looking for sells if the market can break through the red zone it is in, and the green zone as well. Trade at your own risk, Unfortunately, I am not a professional and this is not professional advice, maybe one day it will be, until then use your own analysis as well. PatiencePays
OANDA:XAUUSDShort
by PatiencePays777
Higher Lows for Bitcoin, Can we Make Higher Highs? Good Evening Traders, Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59 for a higher high to follow the potential higher low at $9,766.52. I would definitely keep a tight eye on this weekly if I were looking to make any moves on Bitcoin. Feel free to compare this to a more zoomed in POV of Bitcoin on the hourly chart, along with some of my technical analysis here . Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
EURUSD: Weekly Forecast 26th - 30th AugustEURUSD consolidated for the first 4 trading days last week and finally rebounded off strongly near the previous low on its very first retest. This is pretty much as expected as seen in my last week's forecast as that's just how EURUSD will react based on the previous new lows created. The price is expected to climb again and forms the second bullish wave. This week, wait for the price to retrace towards the immediate demand zone at 1.1115. The retracement should take around 30 pips should the 2nd bullish wave is meant to form.
Long
by AlgoVenture
Gold: Weekly Forecast 26th - 30th AugustCan the gold break new high and evolve into another freakish bullish trend this week? Patterns sometimes do repeat itself and it could happen again in this case. The gold fell to the bottom of a range and continued to consolidate throughout the week as it formed lower highs. Just before Powell's speech last Friday, the gold was seen climbing steadily and jumped all the way to the top of the range, just 45 pips shy from the previous high. This symptom looks exactly just like the jump in 2nd July and the price was seen resisted and pulled back strongly after an attempt to break new high. What's really important is that we do not want to chase the gold long at such price and you do not wanna buy high right? If we do not see the price break and close above the previous high in the first 2 trading days, chances are the price will fall again to the range bottom. Therefore, I am open to an attempt to sell the high, and even if that failed, I know that I've sold at the highest price.
FX:XAUUSDShort
by AlgoVenture
1
Gold: Weekly Forecast 19th - 23rd AugustThe gold has undergone a full week of consolidation after 550 pips plunged from the top of a 3-month rising channel. According to the previous bullish wave, the current wave is very much overbought and the plunge seen on last Monday will most likely cause another bearish wave. In this week, we will wait for the price to retrace higher and look for selling opportunity at the demand zone at 1522. However, the long-term trend stays unchanged and the gold price is projected to reach 1620 by the end of 2019.
FX:XAUUSDShort
by AlgoVenture