What happened last week? : Last week was fantastic for the USD. USD became strong against all of the major currencies. FOMC was hawkish as FED announced that if the U.S. upcoming economic data comes positive, they will start tapering very soon. I mean, every high-impact positive report will help the USD and gold will drop. What is not clear for the...
Weekly Swing Watchlist Couple great looking opportunities this week, otherwise equities look pretty quite with the broad sell offs we have seen. I am already at full risk after entering two trades last week so I will be sitting on my hands for now. #1 Main Watch $VRTX HTF ACB L Monthly - 0.50 Fib/Decel/50 ema Weekly - Support/MACD/Double bottom Daily -...
GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend. Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom. We can also see a symmetrical triangle forming so the rebound from the bottom may take place a...
WTI has continued with its bullish trend as it defied a rejection from a falling trendline and went ahead to breakout of it completely. By now, it is becoming clear that the oil market will continue to rise as demand continues to rise as well during this recovery period. This week, we will wait for a pullback beyond 71 and look for a buying opportunity in the...
4 months of a bull-run and we finally saw a 2nd consecutive bearish weekly candle. As major central banks work towards tightening of monetary policies, a major correction in the stock market will follow and this could be it. This week, we aim for nothing but sell, awaiting pullback to 15400 - 15450 area. Our final target will be at 14600 for now.
The selloff of the gold continued through last week and trades steadily below 1800. A rebound that came last Friday was easily wiped out, essentially trapping more buyers. The market is clearly feeling bearish and we expect a revisit of the 15-month demand at 1700 in the upcoming week or the next. We could still see a potential upside back to 1770 - 1780 area...
EURUSD has extended fall last week, resulting in a 2nd consecutive bearish week. The price has now reached a strong demand zone from 1.1730 onwards to 1.1700. At this point, an inverse HnS could still be formed since the right shoulder support isn't completely broken. Besides, the market is already trading at a low of the entire range and there will definitely...
#ETHUSD weekly log chart there is a parallel channel that its upper line shows $6500 and even $7000 in coming weeks.
Hey Traders just wanted to give a weekly forecast on what I see happening in the markets this week. This could be a big week for the Forex, Stocks, Bitcoin, gold and oil. This week will be big for the forex, stocks, bitcoin, gold and oil. This week will will have the Non Farm Payroll report. The Employment report is the first friday of every month. The forecast...
I expect AUDCHF to push higher after having a nice rejection on our HTF trendline and the confluence of HTF S/R/
I can see EURCAD head higher after having a reaction to the weekly TL. Seems to be alot of manipulation so keep this in mind when getting your positions in
We will most likely see CADJPY continue to head lower after having a strong reaction to the HTF confluence area.
I forcast EJ to push higher now that we have broken the bearish channel. This was also confirmed with divergence. We could still see EJ make a final push lower before heading up so keep this in mind. My idea will be invalidated if price breaks below my trendline and heads lower on HTF
GBPUSD this week I expect price to breakout of this bearish channel and push higher to the weekly key area. My idea is invalidated if we break below the weekly trendline and price heads lower.
I can see GJ heading lower over the longer TF. We see it had a strong rejection over the strong confluence area. What im looking for in the comming week/weeks Breakout of the bearish channel tells me the fractial is complete and we will now start a bearish drop. My idea will be invalidated when price breaks above the weekly TL and stays above
The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar. The gold has ranged throughout the week as it stayed resisted by the supply level at 1795. The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat...
EURUSD had another bearish week right after a short recovery from the week before, essentially breaking new low again. While reviewing our past weekly forecast, it actually followed an ABCD pattern based on the weekly timeframe and shall be completed this week should the price drops further into the demand level at 1.16. The dollar has been strengthening weeks...
Bitcoin has remained bullish for the 5th consecutive week and it has now regained more than 50% of its previous losses. There's been a growing sentiment that the crypto-market has resumed a bullish trend as demand for crypto payment is growing in different sectors. but right now, bitcoin is about to face a very key supply level around 50,000 mark and may bring...