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Weeklyoutlook

NZDCAD SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
1
Forex Forecast: Pairs in FocusWhen starting the trading week, it is a good idea to look at the big picture of what is developing in the market as a whole and how such developments and affected by macro fundamentals and market sentiment. There are a few long-term trends beginning to reassert themselves, so it can be a profitable time to trade the markets. Big Picture 12th December 2021 Last week’s Forex market was very quiet leading up to Friday’s release of US inflation data, which was expected to be the key driver of market movements for the week. However, the data arrived almost completely in line with the consensus forecast, and the market did not react very strongly to it. This meant the week ended quietly with low price volatility. Despite the long-term bullish US dollar trend, the greenback fell a little over the course of the week, and it also fell after the US inflation data were released. The inflation data showed that annualized US inflation is now increasing at a rate of 6.8%, the highest seen since 1982. However, the pace of the increase lessened, with the recent month’s increase coming in at only 0.8% compared to 0.9% in the previous month. It might be that the slight reduction in the pace of the increase is seen as significant enough to prevent more panic over inflation. Risk sentiment improved over the week, with most stock markets higher and the benchmark US S&P 500 Index rising to approach its all-time high price. Most global stock markets rose over the week, as did the Australian and Canadian dollars which are commodity currencies and key risk barometers. The improvement in risk sentiment globally is probably mostly because there is an increasing feeling that the omicron coronavirus variant will not turn out to be as economically destructive as had been initially feared. Safe-haven currencies such as the Japanese yen, the Swiss franc, and the US dollar are all lower. The precious metal silver fell to a new 50-day low price after falling quite strongly for several days. It bounced back a little on Friday but remains quite close to 1-year lows. Trend traders may be interested in going short on Silver. I wrote in my previous piece last week that the best trades for the week were likely to be short of AUD/USD and NZD/USD, following daily (New York closes) at new lows. Fortunately, neither of these currency pairs made a new low at the end of any day during the week, so this was sufficient to stay out of what would have been losing trades. Fundamental Analysis & Market Sentiment The headline takeaways from last week were: US CPI (inflation) data came in very slightly higher than had been expected and is now increasing at an annualized rate of 6.8%, the highest seen in 39 years. However, the pace of the monthly increase slowed slightly from 0.9% to 0.8%. Markets reacted little during the rest of Friday’s session. A coronavirus variant of concern, named the omicron variant, has continued to spread around the world. The variant is heavily mutated, and latest studies suggest that it has a strong capacity to evade current vaccines. However, latest studies suggest that a maximal course of vaccination will still offer strong protection against severe disease. The Reserve Banks of Australia and Canada held their respective interest rates and monetary policies steady in their monthly policy releases during the week. This probably had little impact on either currency, both of which rose firmly. The coming week is likely to see a higher amount of volatility due to the busy economic calendar, with direction likely to be determined partly by the upcoming FOMC release and partly by how dangerous the omicron variant is shown to be as more tests are performed on it. The coming week’s major scheduled economic releases will be: FOMC statement, federal funds rate, and economic projections. Monthly policy releases from the European Central Bank, the Bank of England, and the Swiss National Bank. British and Canadian CPI (inflation) data. New Zealand GDP data. US retail sales and PPI data. German manufacturing and services PMI data. Australian employment data. Last week saw the global number of confirmed new coronavirus cases fall for the first time in seven weeks. Approximately 56% of the global population has now received at least one vaccination. Pharmaceutical industry analysts now expect a large majority of the world’s population will receive a vaccine by mid-2022. The omicron variant has been confirmed as present in fifty-seven countries. The strongest growths in new confirmed coronavirus cases overall right now are happening in Denmark, Finland, France, Italy, Jordan, South Korea, Laos, Luxembourg, Mali, Nigeria, Norway, Poland, Portugal, San Marino, South Africa, Sweden, Switzerland, Trinidad, and the UK. Technical Analysis U.S. Dollar Index The weekly price chart below shows the U.S. Dollar Index printed a bearish inside bar last week, after making its highest weekly closing price in over one year the previous week. While one weekly candlestick of a relatively small size is not enough to invalidate a long-term trend, it is notable that there is clearly strong resistance here, which has had some impact. This suggest that despite the trend, we may be due for a bearish pullback or even a reversal. However, probability suggests this strong long-term bullish trend is likely to continue, so there is no strong reason not to be prepared to a take a long USD trade over the coming week, but do not expect bullish momentum in the USD will necessarily save you. XAG/USD Silver priced in US dollars made its lowest weekly close since July 2020. However, there are a few potentially supportive inflection points below the current price down to $21.45. It is also true that the pace of the bearish decline has slowed, and that Friday was an up day. Therefore, it is far from clear that silver is going to decline now with good momentum, but there does seem to be a potential for a sharp breakdown once the price gets established below $21.45. Traders may wish to short this at the weekly open or at least once the price turns bearish over a few hours, but more cautious traders might want to wait for a daily close below $21.45 or at least $21.53. USD/TRY The Turkish lira has been falling very strongly and losing an enormous amount of its value. The pace of the decline slowed last week, but we again saw the lira reach a new record low against the US dollar and close at a record low too. There is a strong trend here against the lira, the problem for traders is that it is very difficult to exploit this as Forex brokers are asking for huge spreads and overnight fees on long positions. However, the odds remain strong in favor of further declines in the Turkish lira. S&P 500 Index After trading below its 50-day moving average just last week, the major US stock index has risen strongly. Although the price did not trade yet at a new all-time high, the index made its highest ever daily close on Friday. The weekly candlestick was solidly bullish and closed extremely close to the top of its price range. This, and the record high close, are bullish signs. The S&P 500 Index looks likely to remain a good potential buy in the current “risk off” market environment, provided we get no nasty surprises from the omicron coronavirus variant. Bottom Line I see the best opportunities in the financial markets this week as likely to be long of the S&P 500 Index and short of Silver in US Dollar terms following a daily (New York) close below $21.45.
TVC:DXY
by SmoothJB
Was This A Giant Pullback Or Bullish Momentum?Will the lower low stay intact or will the USD take over and make this pair keep dropping? If the USD takes over, it'll have to break the trendline to confirm the bearish momentum is still intact. So if we return to the trendline, this is what I'll be looking for: a continued drop to the monthly 1.18937 zone. BULL TPS: • 1.24148 • 1.25035 • 1.26229 BEAR TPS: • 1.23033 • 1.22306 • 1.21150 • 1.19224 (this is a stretch TP)
by NikaJourney
1
Have The Bulls Taken Back Over...Completely?Last week, Gold broke the overall downtrend to begin another bull run. So now we gotta see will this bull trend Continue back up to the weekly zone around 1757.72 area. I'm actually wondering if we can break that zone if we make it back up there. Right now, I wanna see if we will retest at the daily 1722.97 zone for continuation, or will take another plunge. So we are trendline trading this week again ladies and gentlemen. Let's enjoy the ride. BULL TPS: • 1733.84 • 1754.14 • 1779.64 BEAR TPS: • 1722.97 • 1701.69 • 1686.70
FX:XAUUSD
by NikaJourney
1
More downside likely to come - but looking for stronger rallySell signals on weekly charts, price action currently bearish. With that being said 3087 area is extremely strong support so I would expect a stronger more sustainable rally off that level, oversold on daily charts. When we do get a sustainable rally we could see another objective short opportunity 2 scenarios are that we come back up and form a topping pattern or Fed pumps market to record highs. WOULD NOT BE SURPRISED TO SEE A TOP HERE TAKE A LOOK AT THE BOND MARKET AND HOW DISTORTED YIELD CURVE IS DESPITE THE FED BUYING IT ALL UP. With that being said the price action on monthly charts is still bullish. So short term this market is bullish but still probably have more downside.
OANDA:SPX500USDLong
by rjchilia123
1
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
HANG SENG: Weekly OUTLOOK!#OpportunityHey tradomaniacs, welcome to my analysis for HANG SENG HSI. Everything I want to say is shown in the chart. Since this market is political-driven we should still wait for the outcome of the tradewar, especially for China and USA. Every good news seems to be enough for the market to buy.. but still with a very low volume! ----------------------------- 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. :-)
TVC:HSI
by Trading2ez
ETH/USD: Weekly OUTLOOK! Opportunity to BUY should COME soon! =)Hey tradomaniacs, welcome to another OUTLOOK for ETHEREUM! It looks like we are currently consolidating in an ascending Triangle and there might be a chance to BUY! Don`t get triggered by likely FAKEOUTS, as shown in the chart! The current BEAR-CYCLE does not show any strenght.. this could be a nice evidence for a next strong bullish cycle! Everything else I wanna say is shown in the CHART! ------------------------------------------------------------- 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. :-)
BITFINEX:ETHUSDLong
by Trading2ez
2
USD/JPY: Weekly overview! SOMETHING BIG is going to happen!Hey tradomaniacs, welcome to another weekly overview of USD/JPY! Everything I wanna say is shown in the chart! The current picture is very bullish since we`ve created the first Trend-Following-Pattern in the big Time-Frame after a very strong rally! I`ll post a chart of the smaller timeframe right below in the update-section soon! ------------------------------------------------------------------------------------------------------------------------------------------------- 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. :-)
Long
by Trading2ez
NASDAQ INC: WEEKLY OUTLOOK!Hey tradomaniacs, welcome to the weekly outlook! I think the charts says enough! Will the Double-Top get triggered? The current situation says "NO" to Double-TOP but it looks like the current cycle is going to be bearish down to the previous "Supply-Zone." The market just bounced off the 50 and 100 MA and seems to continue the rally downwards to complete WAVE 2. After that we should see another attempt upwards cklose the the marked up target-zone of TEAM BEAR! Great chance should come very soon! --------------------------------------------------------------------------------------------------------------------------------- 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. :-)
NASDAQ:NDAQShort
by Trading2ez
SPX500: Weekly OVERVIEW! Awesome chance to sell?#CyclesHey tradomaniacs, welcome to another weekly outlook of SPX500! This is an addition to my previous outlook: The chart is speaking for itself... Enjoy and have a nice start into the 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. :-)
SP:SPXShort
by Trading2ez
EUR/USD: Weekly overview! Timelines and technical details!#SellHey tradomaniacs, welcome to a weekly overview of Euro / US Dollar. It`s been very boring during the past weeks and the market had to choose a path fighting inside a range of the wedge. Neither EURO or USD had the final say yet but it looks like the EURO is going to loose this fight since we`ve seen another attempt to break out of the range and stopped at the previous support which could be an evidence of an S&R-Flip. The previous two weeks do look like a desperate "try hard" of the bulls to push the euro towards north but did not even make it to the strong tested resistance at 1.14525. The defense of team bulls at yard 1.13 was very strong but at the end not good enough to prevent team bears to shot the next goal. The big picture shows an S/H/S-Pattern which should be a strong evidence for another sell-off after this breakout towards parity down to a possible price of 1.06. Timelines: The timelines are pretty accurate and harmonic and do indicate time for a downtrend. Comparing the divergences of them do show us a common happening. During a trend we`ve seen at least 2 waves with a "settlement" with Wave A which indicates the time of the primary trend. The right shoulder shows a settlement of Wave B, Alpha and Beta and indicates a correction of Wave A. Amplitude and lenght are pretty accurate. After that correction we`ve see a harmonic agreement of Wave A, B and alpha. The next attempt to correct indicated by the Alpha-Wave did not get its support of Wave B anymore and wasn`t able to break out of the wedge. This divergence often confirms the weakness of the opposite direction of the Wave A + Wave B combination. Right now we will head into an another "agreement" of all waves. Overall we see a very bearish chart and can expect a new sell-off to start soon in ordewr to complete the S/H/S-Pattern. -------------------------------------------------------------------------- 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
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