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Weeklymarketsanalysis

SPX500: Weekly outlook! Evidences for an UPTREND and RECOVERY!HEy tradomaniacs, quick an overview and preparation for the nextweek! DAMN.. if we can hold this support we should MOON and recover quickly! Just have a look and check my previous analysis. This is just an update of --------------------------------------------------------------------------------------- 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. :-)
OANDA:SPX500USD
by Trading2ez
DAX: Weekly outlook and detailed analysis!#CHANES and ENTRYS.HEy tradomaniacs, welcome to a little weekly outlook! Overall we`ve seen a very nice correction back above 11.100 which is a decent retracement after this holy moly huge sell-off we`ve seen after the S/H/S and Diamond-Pattern got triggered though we have not even finished this superir trend-changing pattern yet. So what can we expect? There is a lot of fundamental things going on, such as the tradewar, brexit and so on. How ever, we want to focus on the technicals aspects and talk about important price-levels and possibilities. Technical Aspects: ----------------------------------------------------------------------------------------------------------------------------------------- Price-Action: Since we`ve seen the Breakout of the S/H/S or Diamond-Pattern, Team bear seemed to be unstoppable and sold the diva down to capitulation to a significant Support-Area between 10.261 and 10.859. After the violatin of the important Resistance @ 11.000 and 11.100 and the confirmed S&R-Flip, we were not able to do anything and just consolidated in between the red Resistance-Zone and the current major support. It looks like the market is waiting for a clear impulse in to a direction, thus the next impulse should be crucial for the next upcoming moves. Either we continue the downtrend with a lower high by a break through 11.100, indicated by the red diagonal resitance of the shorter timeframe, or we violate the current resistance and probably retest at least 11.416, which is the next subservient resistance marked up in red. The last "Endboss" to liquidate the bears of this downtrend would be @ 11.500 - 11.700. A violation of this resistance could completly destroy dow current downtrend. RSI: ----------------------------------------------------------------------------------------------------------------------------------------- The RSI indicated a completly oversold market. This might be one reason for this retracement but also could be interpreted as "Shit, I will never get the DIVA as cheap as now again." and a new impulse upwards in the longer time frame. For now we are back and are knocking at the door of Mr. Overbought to enter "Profit-Safe-Zone". MAC-D: ----------------------------------------------------------------------------------------------------------------------------------------- After the divergence the market reacted as expected. We are above teh triggerline but could create a Sell-Signal very soon, since both MA/s tend to cross again. This would probably force the Bulls of this impulse to safe their profit. Moving Average: ----------------------------------------------------------------------------------------------------------------------------------------- The yellow moving average represents a period of the important 100 days. As you can see, we are currently close below and could bergin to test it, after we`ve seen a breakout! The blue moving average represents a period of 50 days, AS you cann see we already respected that MA as a new support and could bounce of it over and over again. Fibonacci: ----------------------------------------------------------------------------------------------------------------------------------------- The yellow Fibo-Bar represents the retracement of the very big timeframe and shows a stop of the sell-off close @the 61,8% retracement. This is a very good sign and represents a valid UPTREND in the big picture, according to the elliot-wave-theory. Please check my other charts to see more in the weekly chart! The green Fib-Bar measures the current retracement of the sell-off. We made it above the 23,6% retracement, which is exactly between the current Support-Zone @ 11.052. A further retracement up to 38,2 is very likely if we break through the current "Sell-Pressure-Zone". The sell-off ended btw. @ the 161% extension of the impulse downwards! Steepness: ----------------------------------------------------------------------------------------------------------------------------------------- The steepness is decreasing and represents weakness of the down-trend. How ever, it looks like we currently stuck in a very tight range and should wait for the next impulse to come! If we fall, then we`d see a classic trend-continuation. ----------------------------------------------------------------------------------------------------------------------------------------- Conclusion and nice prices to trade: Sell below 11.050 or below the 50 MA @ 10.971! Buy @ 11.289 or above 11.300! ----------------------------------------------------------------------------------------------------------------------------------------- AND as always: Don`t just randomly trade. Wait for your triggers, confirmations.. and.. yeah I guess you know what I mean. I wish you a great start into the next trading-week! ----------------------------------------------------------------------------------------------------------------------------------------- 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. :-)
XETR:DAX
by Trading2ez
4
Dollar - Weekly Forecast 4th - 8th FebThe dollar is clearly bearish last week, but the bearish movement has stopped after it got supported at the 3-month demand zone. The price is most likely to range downwards to 95 before it continues to climb higher into the supply zone above 95.6. Although the NFP figure was extraordinary good, unemployment has begun climbing, the US government remains shut down, and the Fed is becoming reluctant to raise interest rate further. My point of view is that the dollar may have peaked, the trend has just begun reversing and the dollar will fall in a staggered manner, slow but eventually.
TVC:DXY
by AlgoVenture
USDCHF, a move that didn't last, week 6 would be different.USDCHF has moved quite nicely, according to previous analysis, showing persistent in the bearish trend, and went on to level 2 bearish zone. However, in week 5, it seems to halt and change the direction. I am heavy in shorting USDCHF, and I ended with about 4% overall equity loss but was helped by profits from other pairs which ended my January with negative 0.4%. Thankfully, USDCHF did give enough time for me to review and rethink about the direction, it does it over the course of week 5. If not I would have achieved much higher losses. As I highlighted in on the graph, there is a big price swipe which breaks below the low of level 2 bearish zone and went back up breaking the high of the level 3, reversal price pattern. I read this as an action of reset because it reset the high of the bearish trend and it also creates a new low in the bearish trend. Following the reset, we see a reversal price pattern, a double bottom and followed by a price ending in the zone of the area of the reversal zone. The analysis gave me comfort and confidence that in the mid-term trend, the price would rise. I would expect the coming Monday or Tuesday to have an explosive upward movement of the price. With my current strategy, I would expect it to complete a 3 level of rising before heading down. So come Monday, I would be entering long together with short in EURUSD. I am more confident with the direction of EURUSD, USDCHF, and GBPUSD. For USDJPY, I would like to seek more confirmation with the coming week 6 movement. If you have any thoughts on USDCHFs movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
USDJPY, reversal pattern in week 5, but will it reverse?USDJPY has not moved much in week 5, it seems to be range-bound for the time being after the flash drop a couple of weeks back. It is natural for the price to go into smaller and smaller range consolidation after a large move, so we might be in it currently. If we are going into a smaller range bound, two questions could be asked regarding the current situation, 1. How long will it last? 2. How wide will the range be? 1. How long will it last? Personally, this is a question that at this moment, according to my strategy and analysis, provides no answer to it. It depends on the market and surrounding global events. Even though I personally would like the mid-term trend (Hourly Chart) to resume, but it does not look like it. It made an H&S pattern in week 5, but the rise after the NFP on Friday in week 5 does not give me the comfort and confidence that it will continue its drop. If we look at the H1 chart, we can see a grouping of 5 small-bodied candles. If we go in deeper to M15, the 5 candles will show itself as a seemingly inverted U shape, which is considered a reversal pattern to me. If we look at the Day Chart of USDJPY, we can see that Friday ended strong with a bullish candle that undoes the week 5's effort of bearish move. It pointed slightly towards a strong bullish power, coupled with the long tail that occurs during the Flash Drop, it is hinting a strong market bull now. When we look at the Weekly Chart, we can notice that the opening price and closing price of week 5 are very near, which tells us that its consolidating and developing a possible range. So even though on H1, we see an H&S pattern, when combined with the D1 and W1 charts, it is not so rosy for bear after all. We can monitor what happens on the H1 chart for week 6, it can give an opportunity to enter long/short depending on the candlestick combination, however, it must be entered with a strong risk management plan. 2. How wide will the range be? My personal view on this would be between the high of the H&S pattern and low of the flash crash. The market has clearly moved into an upward sloping range bound, so depending on your method of analysis, you might say that a wedge or flag has been formed, but either way, with a strong risk management, no matter how wrong you are, it will not be detrimental to your trading account. Conclusion Even though my H1 analysis pointed me towards a bearish trend, I am cautious of it due to the rise on Friday and the overall view from D1 and W1 chart. I am going to watch what happens on week 6 to determine my next course of action. As I am a mid-term trader, trading against the D1 and W1's direction is ok for me, as I do not hold multi-week positions. If you have any thoughts on USDJPY's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
EURUSD, Strong rise in week 5, strong drop in week 6?EURUSD made a strong rise in week 5, it raised from Monday to Wednesday, and only to die down on Thursday after seeing a reversal pattern on the M15 chart and follow by a second confirmation on Friday during the NFP which completes the reversal pattern on the H1 chart. EURUSD completed its three levels of rise and ended week 6 with a complete bullish level 3 zone with a reversal price pattern, it points us towards a drop for week 6. When I look at the Day Chart of EURUSD, I found that Friday did not move much but has given an indication of an impending bearish trend. From the Weekly Chart of EURUSD, it seems a big price movement might be coming, even though I am unsure if it will happen in week 6 or not, but I will be waiting to short EURUSD. Most likely, on Monday I will be entering the market with short positions since the H1 analysis points us towards completion of level 3 bullish zone coupled with a reversal price pattern, the D1 chart suggested a week bull and W1 chart suggested an impending big price movement. That being said, stay flexible and open-minded and I hope all traders continue to make a good profit from the market. If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
2
Gold Weekly Forecast 28th Jan - 1st FebThe gold is set to climb further as it breached the key level 1300 in just one trading night last Friday. The dollar has also broken its bullish structure, fell from the bottom of a rising trendline within a weekly inside bar, signalling that the dollar will fall further and the gold will be in demand. A good re-entry for this bullish gold would be between 1299 and 1297. By the way, do also look very closely at the stocks market because technically speaking, the plunge is way overdue just like the dollar.
FX:XAUUSDLong
by AlgoVenture
Dollar Weekly Forecast 28th Jan - 1st FebA lovely plunged which is quite overdue, the dollar fell from 96.6 to 95.8 during the US session. The price actually came down from a weekly inside bar, signals that the price is most likely to fall further. On a second note, a monthly evening star was formed just before December, and this month monthly candlestick is also about to close. So if it closes with a red candle again, then one could say that the dollar has peaked. There's already widespread concern about whether the Fed is still capable of raising interest rate and US government has remained shutdown for more than a month. All of these are pointing to a very bearish dollar in the coming month of February. There's definitely a chance to short the dollar again, but it will be most clear once the monthly candlestick for January is completed.
TVC:DXYShort
by AlgoVenture
SEDG - Solaredge Technologies12/26 MACD cross-over with CCI entry crossing 0 on weekly candlestick chart. Solaredge Technologies is down from peak of $68 and showing entry point at $38.03 on chart. Market Cap value $1.65B Enterprise value $8.4B Total debt -0- Free cash flow $150M Sales growth rate: 22% Expected value: $3.3-3.5B About: SEDG Israeli Solar company SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system. Recently partnered with Google using Google assistant for EV charging and 6x faster charging. World's first EV Solar Inverter. Request needed for a 10-year back-up battery for 10-hr. house charge and ability to rapid charge EV, we're almost there.
NASDAQ:SEDG
by Pokethebear
Dollar - Weekly Forecast 21-25 JanThe dollar has proven itself to be strong as it ended the week with a 4 days consecutive gain, resurfacing above 96 again after it broke above a 1-month falling channel. Sometimes, as bearish as we may think of currency, one must always remember that the monetary policy of the central bank still plays the major role in the FX movement. Though expectation of the U.S. rate hike has been somewhat dampened, there's no doubt that the Fed is still going to raise rate and their interest rate is still among the highest as compared to all majors. The dollar also broke above an inside bar and thus it is expected to climb higher. If the dollar retraces at first, we can expect the dollar to rebound and climb again from the demand zone within the inside bar. The dollar will face with strong selling pressure once it reaches the supply zone at 96.5.
TVC:DXYLong
by AlgoVenture
US30/Dow - Weekly Market AnalysisThe Dow, as well as Nasdaq and S&P, are all about to reach their critical high for their current major retracement. The dow has broken below a 14-month supply zone, a level that has kept the trend bullish, has obviously turned the current trend bearish. However, the US stock market was resilient enough to perform a very deep retracement and the price has finally reached a critical level. Based on US30/Dow, the price is about to complete its 2nd wave of retracement as it enters into the key supply zone between 24000 and 24500. Nasdaq could reach 6800 and S&P could reach 2700.
OANDA:US30USDShort
by AlgoVenture