Weekly Market Preview: Forex, Indices, Commodities, Cryptocurrencies

in cryptocurrency •  7 years ago 

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Hey guys,

When I published my @forexbrokr rebranding blog, the plan was to start posting a weekly, higher time frame preview featuring a look at the key forex, indices, commodities and cryptocurrency charts.

I wanted to use these weekly preview blogs to form the basis for the week’s intraday chart art posts. Only after finding the higher time frame support/resistance levels that are in play, can we form intraday trading ideas, so these charts will be key going forward.

So remember, this blog isn’t about tradin setups, it’s simply the higher time frame zones that we’re looking for price to hold, in order to form future intraday trading setup blogs.

Let’s get into it!




Forex Markets

Starting with currencies and some updated forex charts from one of last week’s crypto focussed blogs.

I’m all about the majors and find them the easiest to trade so they’re the charts I have obviously focused on doing levels for.

EUR/USD Weekly

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Want to see price come down out of this level and then look for shorts on retests.

GBP/USD Weekly

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Exactly the same as the Euro above. We’ll see when price comes down below the level and go from there.

AUD/USD Weekly

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The Aussie has come out of resistance but is forming some sort of ascending triangle at the same time. For me, I’m favouring playing from the short side, but we’ll see what the intraday price action looks like.

USD/JPY Weekly

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Money was flowing out of the Yen safe haven and we were building a USD/JPY long last week, but with things changing so fast, I’m not expecting that to last. Still above weekly support for now though.




Indices Markets

Global indices all follow and feed off the US market, so with the SPX in play, it’s just the one blog here today.

SPX Weekly

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After comparing stocks and crypto, I liked playing SPX from the short side.

The intraday chart in that blog I’ve linked to just there is a red hot short still. Probably my favourite chart at the moment.




Commodities Markets

Again, just the one commodities chart for today. I have Silver and Oil on my watchlists, but it’s Gold that looks the pick right now.

XAU/USD Weekly

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With all this talk about war going on, Gold is no doubt in play.

Price is still below weekly reisatance for mine, but momentum seems to have the market turning to the upside and there’s still a bit to go until we hit the zone again.

This is going to be a good short when we get into it. I can feel it!




Cryptocurrencies Markets

Crypto markets are obviously the same as what I said above in the indices section, in that the one market rules them all. So here we have Bitcoin.

BTC/USD Weekly

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So long as price is holding above that long term bullish trend line, I’m all about longs down here. Looking to long short term pullbacks intraday.

ETH/USD Weekly

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I’ve included the above Ethereum chart just because. But you know I love my EOS deep down.

The story is the same as Bitcoin while it’s above this key horizontal zone which is clearer than drawing a trend line here.

Best of probabilities to you!

✌🏻.




@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

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Twitter: @forexbrokr
Instagram: @forexbrokr

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Hey its really amazing post @forexbrokr i think your most of the post are amazing thankew for sharing a usefull post 👍😊

Why do you say that in every one of your comments?