Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
Looking at the current market condition, regarding positive cpi report which came lower giving EUR the push to the upside. now which looks to make a snd and snr patterns in the following week.
despite all the efforts on the push to fight against Inflation is still quite brutal and would still push EUR against the dollar in the downside for long run. however its...
convergence between fibonacci retracement 0.382 and volume by price strong resistance.
beyond that, we have sma 50 approaching the region.
sell zone in 0.71884
This is the larger falling wedge that current price action is above on the 1 day chart. We haven’t confirmed a breakout of it yet but with the smaller bullflag and double bottom patterns looking like they will validate and take price to 26.3k, there is a good chance that after we correct from that zone that when price action comes back down to retest the top white...
Pair: EURCHF
Timeframe: W
Analysis: head and shoulder patter, trend lines, support volume profile
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Key Takeaway:Need a break of key level of support or bounce
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Level needed: Need to see price hit —
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Trade: Neutral
RISK:REWARD —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Good weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been green for 3 days now, after 108 days...
Pair: AUDCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, consolidation period
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Key Takeaway: Need to see a break of resistance, already seen a break of trend line
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Level needed: need a close by 0.67220
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Trade: Long
RISK:REWARD 1:11
SL: 16
TP: 180
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DO NOT ENTER OUR SETUPS...
SILVER is 27% down from its high of last year. we can see bullish marubozu candle at resistance of 54000 range. Silver has value both as a precious metal and as an industrial one. silver demand has been overwhelmingly tilted toward its industrial side, silver is used in various other industries apart from jewellery. As a result, there is a good demand for this...
Good start to the week,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 107 days,...
Pair: GBPNZD
Timeframe: 4H, 2H
Analysis: Round number level, trend line, volume profile, resistance,
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Key Takeaway: Seen bounce off resistance and bearish pressure against trend line
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Level needed: Need to see price close by 1.94025
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Trade: Short
RISK:REWARD 1:16
SL: 15
TP: 235
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
ETH USD Weekly Forecast 25 - 29 July 2022
Currently the weekly volatility is around 15.32% , and it stands within the 90th percentile indicating a possible trend reversal soon.
Taking this into account we can expect that our weekly top and bot are going to be with a close to 80% chance
TOP : 1842
BOT : 1353
At the same time we can use a lower % of initialy...
BTCUSD Weekly Forecast 25 - 29 July 2022
Currently the weekly volatility is around 11.53% , and it stands within the 90th percentile indicating a possible trend reversal soon.
Taking this into account we can expect that our weekly top and bot are going to be with a close to 87% chance
TOP : 25200
BOT : 20000
At the same time we can use a lower % of initialy...
Finally, we have the first green weekly candle in 10 weeks. It interrupted nine weeks of falling.
Like last Monday, the day starts with a green impulse candle. Remember that such sharp movements correlate with the emotions of traders in the current phase of the market. For example, look at what's left of last week's momentum. Do not rush to jump into the market...
We can see one of the most common bull/bear combos on the weekly chart here. It is the bearish H&S pattern, with a bullish falling wedge overlapping it. We have been below the neckline of the H&S pattern for awhile now, however as you can see the measured move for these and shoulders pattern is negative 589…which greatly increases the probability that we wont be...
