Welcome to my Weekly Forecast.

I’m planning to make this digest in the end of every week for the next week. Each of my trading ideas offers the most likely scenario with a trading plan markup, which I personally follow. Also, on each chart, I mark the key levels in the form of red and green segments, which mark the confirmation or cancellation of the scenario. These trading ideas do not guarantee any profit, and are only my personal opinion. I strongly discourage you from blindly following my ideas. Always match them to your trading strategy and signals. Always remember to manage your own risks!

Every SMG member can demand any analysis of his favorite instrument for the Weekly Forecast or any other’s investment horizons. Hurry up to become a SMG member at the best price. Attention! It’s a limited offer! Every next 15 members will pay more!


#BTСUSD

High probability of exiting the triangle upwards. The buyer still has the strength to move up, but growth is strongly limited around 12,300 – 12,800 USD

Sells Key Level – Lower Edge of Triangle

 

#ETHUSD

The ETHUSD pair is likely to spend the next week in a sideways channel of USD 400 – 440.

The key level for bulls is 430 USD. If we move above it, we should expect continued growth.

The key level for bears is 400 USD. If it falls below it, a trend reversal should be expected.

 

#EURUSD

EURUSD is in consolidation against strong growth. The target for the next week for the pair is 0.17100.

Scenario mark levels

The key level for bulls is the green channel line. If we move above it, we should expect continued growth.

The key bearish level is the red line at 0.17. If it falls below it, a trend reversal should be expected.

 

#XAUUSD

Next week, gold is expected to consolidate in the 1900-2000 USD channel. The likelihood of continuation of the correction dominates.

The key level for bulls is 2000 USD. If we move above it, we should expect continued growth.

The key level for bears is 1900 USD. If it falls below it, a trend reversal should be expected.

 

#S&P500

The purchasing power of the SPX500 index remains very strong. Next week, consolidation is likely to continue with an attempt to break through the historical maximum.

Longs are in priority. Buy levels are around 3335.

The key level for bulls is 3450. If we move above it, we should expect continued growth.

The key level for bears is 3300. If it falls below it, a trend reversal should be expected.

 

Good luck and profits, everyone!

Yours,

Mikhail @Hypov

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