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NIFTY weekly analysisNifty CMP is 8083 * If you see the weekly RSI, then it will show nearly about 15 indicates (nearly about all time low) that there is no strength is left to go further downside (Below 7500 level). * If Nifty breaks the 7500 level then it will clearly indicates strong bear run into the market and could go around 6300 level. * Now sudden fall in the market might not seen further as it factored previously and it may take a pause in the range of 7900-8700 levels for a long time period of 2-3 months. * volatility in the market will reduce gradually from now and it will stabilize as clearly the chart has very small strength to go further downside and may take reversal. * Right now nifty is standing nearly at the retracement level of 78.6% from 2016 to 2020 bull run. Already broken the so called golden ratio of 61.8% * Nifty might go under a long sideways zone of 8500-11000 level for the next 2-3 years * whatever the situation occurs like invention of coronavirus vaccine, then also i am not seeing the further bull run from now onward to 12500 level for the period of 1-2 years.
NSE:NIFTYEducation
by rvbhatt
#AUDUSD Weekly Trading Analysis & Forecast (Educational)Traders, In this video we reset our analysis and start afresh. AUDUSD is showing us some very good moves. Also watch it till the end, I have included few important free educational tips as well. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week!
Long
by vikinsa
Weekly US Market Update / 9-15 March 2020After suffering sharp coronavirus-related losses earlier in the week, U.S. stocks soared on Friday and got an extra lift late in the session from President Trump's declaration of a national emergency. On Thursday, U.S. stock indexes suffered their biggest one-day drop since 1987’s Black Monday crash, and closed deep in bear market territory. Friday's big gains couldn't reverse all the damage from previous sessions. For the week, the S&P 500 was down 8.8%, the Nasdaq Composite was 8.2% lower, and the Dow Jones Industrial Average fell 10.4%. President Donald Trump has declared a national emergency under the Stafford Act, a move that will free up greater federal resources for states and cities battling the coronavirus. The World Health Organization on Wednesday declared the Covid-19 coronavirus outbreak a pandemic. The virus had infected more than 120,000 people and spread to more than 100 countries at the time of the announcement.  Oil futures plunged to a four-year low Monday and recorded their biggest one-day drop since 1991 as OPEC and Russia appear headed for an all-out price war—shaking a market already reeling from the demand shock created by global spread of Covid-19. Whats next? Maybe we will see a short uptrend move towards 0,3882 Fibonacci Level. There is also a resistance trend line there. If the indeces fall below 7255.62 (Nasdaq 100), more downside move will appear.
TVC:NDQLong
by dionthas
Gold finds strong weekly supportThe weekly chart her shows gold's fast uptrend channel set the parameters for its latest major correction (broader market crash). The thick green line is the baseline for gold's multi-year bull market and more recent sideways market. The horizontal green lines are multi-year support/resistance zones and we can see that the all-time high and various other peaks are in sight. On the daily chart gold has bounced strongly off the channel bottom within the bottom support zone in preparation for a likely run at the high 1700s zone.
FX:XAUUSDLong
by BCMel