Get started

Weeklymarketsanalysis

EURUSD, Week 10 big profit, expect this in Week 11EURUSD, together with GBPUSD and USDCHF is a big winner for week 10. They moved as expected in our Week 10 analysis and holding them through the week would have no surprises for the traders trading these pairs. Congrats to traders making the wonderful trades. In Week 10, we see EURUSD making big movement and ending the week with a sharp V shape reversal. I am in the view that it has completed a 3 level bearish movement and it is now time for bullish movement. Week 10 analysis would have pointed us towards a bullish movement in week 11 and I personally has no reservation about an upward move for EURUSD. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
USDJPY, no trade in week 10, Short for Week 11USDJPY did not move as expected in week 10, rather, it consolidated and seems to complete a big reversal formation. In Week 10, it did not rise, but rather formed a seemingly inverted U shape, which indicates a reversal. It seems like the bull power is dying off and the trend would be moved by the Bear. In Week 10, USDJPY still remains an unsure pair even though it seems like it can be long, but I still advised against longing the pair back in week 9. Now with the big move downwards, I would say that USDJPY can be traded again, and this time, short it all the way down! I would be confident for the short of USDJPY in week 11. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
USDCHF, ez Week 10, expectations for Week 11USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it. in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart. The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal. Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11. USDCHF would be a short for Week 11, and I am excited to see how far it would go. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
GBPUSD, ez Week 10, ready for Week 11GBPUSD moved as expected for week 10, and if we were to enter a short starting Monday, you would enjoy a straight profit through the week, how awesome is that. In week 10, we the GBPUSD completed a 3 level bearish move, it was a great move and I am sure it trapped many short traders. Looking at the current analysis, the GBPUSD seems to be forming the second leg of the double bottom, which is seen as a reversal pattern. If a double bottom is being formed, we can enter a long and wait for another 3 level of movement to be completed before we can switch to sell again. For week 11, I am expecting to long the market, given the completion of 3 levels of bearish movement. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
GBPUSD, week 9 sharp rise, what to expect for week 10?GBPUSD made a sharp rise in week 9, and it was the opposite of what the analysis showed in week 8. In week 8, it was expected that the pair would move downwards, rather than a rise because of the reversal pattern spotted. A red flag would have been spotted given that a long consolidation occurred and the price did not shift down as expected. For week 10, I would expect some consolidation and I would not trade it until a clear candlestick combination show itself. However, I would still be looking for a short entry rather than a long entry. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Short
by xunnobi
USDJPY, week 9 move gives week 10 a clear directionUSDJPY has continued its upward move in week 9 and it showed no mercy in its move. USDJPY made fast price movement and reversing back upwards after a seemingly bearish reversal move. I continue to avoid trading USDJPY for week 9 for a simple reason. I was unclear of the direction. However, the move in week 9 seems to have pointed out that the pair would continue its bullish move in week 10. A reversal pattern was spotted, albeit in the absence of a three-level downtrend move. The reversal move can be seen as an H&S or double bottom, just like USDCHF. The bull power seems to be strong in the pair as the price moved up with no reservation and no signal of any retracement. Most retail traders would expect a pullback, but I doubt that would happen. So for week 10, I would be looking to enter long, probably in Tuesday or end Monday. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
USDCHF, Level 4 drop for week 9, can it rise for week 10?USDCHF continued to consolidate for Monday in week 9 and in the end, broke the low of the whole consolidation zone. It reached a new low and formed a level 4 bear trend in the chart. I was long for this pair, so I am trapped in week 9. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. From the analysis, we can see that it formed a classic formation of H&S or some may call it a V reversal. So with that, I am expecting an upward reversal in week 10. I cannot say how long, or how high it will go, but I will be going in long for this pair as well. Since the pair ended the week in a reversal zone, when the market reopens, we can enter the market prudently. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
EURUSD, Week 9 is a reset, Week 10 to drop.EURUSD moved the opposite direction of what was expected in our week 8 analysis. I did not expect it and I was trapped badly. However, in week 9, it seems to have completed a three-level bullish trend and completed the week with a double top on the H1 chart. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well. I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
Short
by xunnobi
Dollar - Weekly Forecast 25th - 29th FebruaryDollar fell further as expected as it formed a bearish Gartley pattern. The price was seen supported at first within the demand zone at 96. The price attempted to rebound and climbed slowly for two days. And on the last day, gains are mostly wiped out due to either a strong selling pressure had appeared or there's not enough buying strength to support a stronger rebound. Therefore, the price is expected to fall further this week as it seeks a stronger demand below.
TVC:DXYShort
by AlgoVenture
EURUSD, uni direction in week 8, can it reversal in Week 9?EURUSD, together with GBPUSD and USDCHF moved accordingly to our analysis in week 8 and ending Week 8 strong. I hope this helps all you traders out there to make some profit, and I hope it give you guys a good week as written on my week 8 title. =) I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The analysis of EURUSD week 9's movement did showed that the bull seems to be weakening and I have also identified a level 3 bullish zone which signaled that the EURUSD could be coming in with a bearish move instead in week 9. The area to the right of the M that was not boxed, has also presented a M shape. So you can also look at the analysis this way, the box area with a M on top can show a high/low reset, meaning a trend reset, followed by a M, which is the reversal pattern coinciding with level 3 bullish zone. So both analysis pointed me towards shorting the pair, and I am following suit for week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
GBPUSD, Week 8 as expected, Week 9 can be differentGBPUSD moved as how we expected in Week 8, finishing a 3 levels of bullish move. It was not bad, just that instead of long, I shorted it due to the opening gap on Monday. I hope not many does the same as me. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Looking at the analysis, I do expect the GBPUSD to finish off lower in Week 9 as compared to week 8, perhaps reaching a level 2 bearish zone. The break away from the level 3 reversal zone is a fast one on Friday and ending Week 8 in the zone of level 1 bullish zone. I am holding on to 3 positions of the short and will continue to hold on to it till the level 2 bearish zone before I decide to exit of continue holding. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
USDJPY, trapped in Week 8, Week 9 blurredUSDJPY did not make any major movement in Week 8, contrary to our analysis made in Week 7. While it did not make big upwards move, it seems to have tried making failed downward price pattern. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The failed attempt is most visible on Friday, when a double bottom was spotted, and it only make about 30 pips down, and it came back up again and close the week and Friday higher. It is suggesting a strong bullish power still maintaining in the trend and with no big movement, we can expect Week 9 to have some explosive move through the week. I am in the view that USDJPY will continue its bullish move with one or two explosive upward movement of 50 to 100 pips next week. I am comfortable to trade USDJPY next week, so prolly I will be entering smaller long position in Week 9 when the market opens. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
USDCHF, Week 8 as expected, Week 9 reversal?USDCHF move exactly as expected from our analysis on week 7. Finishing the week with a volatile Friday. However, I changed something to the week 7 analysis to reflect a more accurate trend movement. In our Week 7 analysis, I actually used a H&S to reflect the level 3 reversal zone. But after considering the move this week, I decided to change to better reflect the 3 bearish trend movement as I analyzed the Week 8 to end with a reversal zone, which coincided with a level 3 bearish zone. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Currently USDCHF seems to finish the full double bottom reversal shape, and I am waiting for it to break the high of the level 3 reversal zone. I am hopeful that the price will resume a bullish movement in Week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
Gold - Weekly Forecast 18th - 22nd FebruaryThe gold set to climb further after a strong rebound that lasted throughout Thursday and Friday. The price has successfully rebounded off from a demand zone and broke out of the range between 1316 and 1303. The price is also seen breaking above an inside bar based on W1 chart, a sign of a strong bullish moment. Traders can wait for the price to retrace back to 1316 ideally for re-entry to long. As long as the price maintains above 1310, my view on the gold will be bullish.
FX:XAUUSD
by AlgoVenture
Dollar - Weekly Forecast 18th - 22nd FebruaryThe dollar climbed and created new high every day without failed and eventually entered into the 2-month supply zone at 97. The Gartley pattern was successfully formed as a result and on Friday, the price took a strong bearish stance, leaving a long upper shadow. Just a week before, the dollar has gained consecutively for 8 days but this week itself, there are 3 bearish candles against just 2 bullish candles. The selling is obviously building up and with both bearish Gartley and a strong supply zone, the dollar will finally face a bearish week this time. Furthermore, we cannot ignore the fact that the US economic data is clearly showing an obvious slowdown in the US economy. And perhaps, the dollar has come back to a level too strong for the US president to ignore.
TVC:DXYShort
by AlgoVenture