Candlestick Charts: Weekly Market Predictions 10/2 - 10/7 (Forex trading)
Published: 2017-10-02
Status:
Available
|
Analyzed
Published: 2017-10-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Euro Dollar may offer short trading opportunities around the 1.1881 level if an entry reason is presented.
"then we can look right here for our first level of resistance and I'm actually going to go ahead and put a red line in that area because that is a level in the market that has been tested multiple times in the past we have a test series resistance in here twice as support so now if the more you get back up to that level it'll be a really interesting place to try some short trades if we get some kind of entry reason down on a lower timeframe or here on the daily timeframe that's gonna be around at one point one eight eight one area"
Pending
The Euro Dollar could present counter-trend shorting opportunities or long position targets around the 1.2060 level.
"directly following that if we get another push higher we'll be looking up here at our highest point for the euro dollar this year around the one point two oh six Oh level that'll be another good spot to look for counter trend opportunities to the downside or to take off targets on a long position"
Pending
The 1.2295 level is identified as the final resistance area for the Euro Dollar.
"and finally last but not least we're looking at the one point two two nine five area for our last level of resistance here on the euro dollar"
Pending
A buying opportunity for the Euro Dollar might emerge around the 1.1665 zone before the NFP data release.
"we're looking for this market to pull down a little more into our one point one six six five zone and give us some kind of entry reason to the buy side before the NFP later on in the week"
Pending
A shorting opportunity for the Euro Dollar could arise around the 1.1881 level.
"or we're looking for this market to rally up into the one point one eight eight one level and give us some kind of entry reason to the downside"
Pending
Buying opportunities for the Aussie Dollar are anticipated around the 0.7814 level, which has historical significance as support and resistance.
"here at the zero point seven eight one for area and this is an area where we will be looking for some type of buying opportunities down on lower timeframe this is a level it's been tested multiple times in the past as support and resistance and could play a major role in the direction of this market"
Pending
If the Aussie Dollar breaks below 0.7814, the next support level to watch is 0.7732.
"now as for our next level support this pair if we break below this level is going to be around the zero point seven seven three two"
Pending
The 0.7732 level on the Aussie Dollar could serve as a target for short trades or a level for buying opportunities.
"that's our next major level to look for not only buying opportunities but possibly take off a position if we get entered into a short trade here on the Aussie dollar"
Pending
The 0.7898 level on the Aussie Dollar is expected to act as resistance, serving as a target for long trades or a point to initiate short trades.
"now it's for resistance this line needs to be changed to red now that we're below it is going to become resistance and we can be looking at the zero point seven eight nine eight level as our first level for targets if we get triggered into a long trade from where we are and also as a possible level to take this market short"
Pending
A bearish reaction is anticipated from the Aussie Dollar around the 0.8020 level and the zone above it.
"above that we have another major level of resistance at 0.8 o2o and really this entire zone here is going to act as a zone where we can expect some kind of bearish reaction out of this market"
Pending
Despite identifying 0.7898 as a potential support level last week for buying opportunities on the Aussie Dollar, no such opportunity materialized.
"now as for right now only an Aussie dollar what I'm going to do is actually talk to you guys at first about how important it is to realize that these levels are important but we don't just go through the market pointing out these levels and placing entries we talked about that in last week's video last week we'll be talking about the zero point seven eight nine eight level of support right here and we said if the more you sound of that level we'll be looking for buying opportunities and we did but guys we got no such buying opportunity at this area"
Pending
The speaker is waiting for further confirmation before taking a long position on the Aussie Dollar, despite the presence of a double bottom formation.
"so at this levels where I'll be paying attention to for buying opportunities we do have this double bottom here but I'm currently waiting for a little more confirmation out of this market before taking a long position"
Pending
A decent close below the 1.3441 level on the Pound Dollar would signal the initiation of short trades.
"so guys this one point three four four one level is the level that we were talking about if we got a decent close below we'd start looking for reasons to go short here on the pound dollar"
Pending
The Pound Dollar's movement down from 1.3441 and towards 1.3233, as predicted, was accurate, although a trading opportunity did not materialize.
"now as you can see the market did end up pushing down from that level closing way below it and pulling back into that level now as I said we didn't end up with a trading opportunity but as you can see that analysis played off quite nicely as the market pushed down towards that next level of support that we had pointed out at one point 3 2 3 3"
Pending
Buying pressure might emerge on the Pound Dollar as it approaches the 1.3233 zone.
"so as we just pointed out the market is getting pretty close to our 1 point 3 2 3 3 zone in this zones a place we can start looking for some buying pressure in this market"
Pending
If the Pound Dollar breaks below 1.3233, the 1.305 zone will be a key area for trading opportunities.
"and if we break below that level then we may see this market drop all the way down to the 1.305 zone and in that zones the next place we will be looking for trading opportunities to alongside"
Pending
Support at 1.3233 on the Pound Dollar could lead to a rally towards 1.3441, where shorting opportunities might arise.
"now if we do see some support at one point three two three three then we may see this market push up from that level all the way into the one point three four four one zone and that's where we can start looking for some shorting opportunities back down"
Pending
Resistance for the Pound Dollar is identified at the highs of 1.3597 if it breaks above the 1.3441 zone.
"and if we break above that zone then the next level of resistance we're looking at is these highs over here at the 1.35 ninety seven area"
Pending
The Pound Dollar may move lower towards a specific zone, potentially leading to buying pressure pushing it up to the 1.344 zone.
"this week out of the pound dollar what we can expect to possibly see is this market push down a little bit lower here in towards our zone and at this zone we may see some buying pressure pushing us up to the one point three four four zone"
Pending
If the Pound Dollar breaks below a certain level due to US strength, shorting opportunities may appear, with potential movement towards the next support level.
"and we may see this market just break below this level if we see some US strength and in that case we'll start looking for some shorting opportunities if that move is impulsive down to our next level of support"
Pending
The speaker anticipates a counter-trend short trade on the Dollar Swiss might break above its level, necessitating quick profit-taking.
"looking at it as a counter trend opportunity and knowing that as a counter trend trade this market is likely to break above this level so because of that I want to make sure I get targets taken off pretty quickly here if I do take a short trade"
Pending
If the Dollar Swiss experiences a significant upward move, the next resistance level to watch is 0.9869.
"if we get a major move up this pair then we can look for next level of resistance around the 0.98 6-9 level"
Pending
The 0.9628 level on the Dollar Swiss could offer buying opportunities or serve as second targets for trades originating from the current level.
"that's for support if we get pushed down from the level we're at right now in a major way all the way down here to zero point nine six to eight that's a level we can start to look for possible buying opportunities or second targets if we get a trading opportunity from this level"
Pending
If the Dollar Swiss falls below 0.9628, the 0.9558 level is another area to consider for buying opportunities.
"and if we push below that level we can look at the zero point nine five five eight level for other buying opportunities"
Pending
An advanced cipher pattern on the Dollar Swiss is forming, with an entry around the 0.786 retracement from X to C, a 382 retracement, and a 127 extension.
"we have an advanced cipher pattern coming up with that 382 retracement right here pulled out the rest way down now let's look for that 127 extension from X down to 8 back up we have that 127 extension that's the second rule net and the entry for this pattern is around the 786 for tradesmen from X all the way down to C"
Pending
The Dollar Swiss is currently hovering above the entry point of an advanced cipher pattern, which coincides with a daily resistance level.
"so as you can see the market hovering above that cipher pattern entry at the moment but that pattern looks a little bit like this and just happens to be coming in right at this daily level of resistance on the dollar Swiss"
Pending
Additionally, an advanced Gartley pattern with a 618 retracement and another 618 down to C is also forming at the same daily resistance level on the Dollar Swiss.
"we also have this courtly pattern coming in next to a with a six one eight retracement another six one eight down to C and then finishing up that pattern right of that daily level of resistance"
Pending
The confluence of two advanced patterns at the daily resistance level on the Dollar Swiss is considered significant, with a free butterfly pattern tutorial offered.
"so two different advanced patterns ending right at that level and God's view interesting getting your hands on a free butterfly pattern tutorial another one these very accurate advanced patterns then what you can do is just sign up for the email list over the trading channel net and you will get a free butterfly patented sent directly to your inbox"
Pending
The general long bias on the Dollar Yen, predicted last week, played out as expected, even though a specific trade entry was missed.
"we also talked about just having a long bias on this pair in general and expecting it to move up and that analysis in itself did play out although we didn't get an opportunity to actually get involved"
Pending
Buying opportunities for the Dollar Yen are expected around the 111.92 level if the market pulls back to it.
"and the first one on my radar is going to be this level at one one one point nine two right here this is a level I'm waiting for the market to pull back into and if we get that pull back into that level be looking for buying opportunities on this pair"
Pending
If the Dollar Yen closes below 111.92, the 110.89 zone will be the next area to look for buying opportunities.
"now if we break them close below that level I'll be waiting to see if we can get back down to these resistance levels here back in the past along with these support levels around the one ten point eight nine zone to look for my next buying opportunity on this pair"
Pending
A break above resistance on a lower timeframe for the Dollar Yen could lead to an uptrend continuing towards the 114.18 zone.
"and in that case if we get a break above this resistance level on a lower timeframe then I expect this market to continue in this uptrend until we get to around the one one four point one eight zone"
Pending
Long trades on the Dollar Yen will be sought up to the 114.18 zone, after which it will be considered for counter-trend shorting.
"so I'll be looking for long trades on lower timeframes up to that zone before looking at that zone as a counter trend shorting opportunity"
Pending
The Dollar Yen has a resistance level that has been tested multiple times in the past, which could act as resistance again if reached.
"now at this point we also need to point out another level of resistance above that area and the first one that I see is right in here this is a level once I change this to red that has been touched multiple times as resistance and they could possibly act as resistance again if the market gets up to that level"
Pending
In the coming weeks, if the Dollar Yen pushes above 114.18, the 115.00 level is identified as the next resistance for counter-trend shorting opportunities.
"so this more than likely will not happen this week but let's say in the next couple of weeks we get a push up and that push above the one one four point one eight zone the next level will we look yet for resistance is around 115 even for our next counter trend shorting opportunity on the dollar yen"
Pending