Traders, As DXY has been falling and eurusd has been rising up USDCHF has been going down to reflect the same. It right now in Monthly FCP zone but 0.87335 and 0.87289 are important levels as Fibonacci Confluence Pattern (FCP) Strategy. Look for daily time frame based confirmation if you are looking for long term corrective move.
Let me know if you have any...
Traders, DXY (Dollar Index) represents the strength of the dollar against major currency pairs. But it is more than that. Nearly all financial markets are so far dependent on the usdollar directly or indirectly. That means if dollar moves up and down nearly all markets including indices (us500, dow jones etc.) , cryptos (Bitcoin, ethereum etc.), commodities (gold,...
Traders, On the higher timeframe, UKOIL is reaching an FCP zone and is looking overstretched. It can take correction from this FCP (Fibonacci Confluence Zone) all the way max down to 50 dollars.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful,...
Traders, in this update we can see what opportunities are there on GBPUSD on both long and short.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Trader, we have been watching Dollar for a long time now and were expecting a bear trap when I posted this at the start of the December. A huge final move was expected before the M FCP (Fibonacci Confluence Pattern) completion and then move upwards.
Fed Stimulus or not
Goldman saying Dollar is bearish or not
All media against dollar or not
Economy down or...
Trader, here is my update on EURUSD, USDCHF and DXY.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this...
Traders, USDCHF has been rising from the FCP zone giving DXY strength
Previously on Jan 6th:
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea...
Traders, Dollar has been finding its footing in the market. 2021 is expected to be bullish for the dollar with ups and and downs obviously. In this analysis of DXY lets see what levels and FCP (Fibonacci Confluence Zones) are important for the dollar. Even if you are not trading dollar you must watch this analysis so as to get an idea on how it can impact other...
Trader, Ethereum has confluence of trend line and an FCP (Fibonacci Confluence Pattern) zone . This can give us a good day trade or short term opportunity to go long. Traders who are looking to add to their long position, this can be a good area as well.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own...
Traders, GBPUSD is consolidating on the lower time frame. However on the higher time frame it is getting ready for a breakout. So watch the analysis to understand what opportunities we have.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the...
Traders, Here is my multi time frame analysis for EURUSD pair. In this analysis we see possible scenarios and levels.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me...
Traders, USDCAD is showing rejection signs at this FCP (Fibonacci Confluence Pattern) zone. This can push the price up. Keep an eye on USOIL as well.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and...
Traders, USOIL had a very good upward run and since it hit our target of 53.59 it has started to fall. This can fall a bit further. This is not a reversal. This is more like a correction on the previous move. There is head and shoulders pattern evolving which may work out. Also the price right now is in an FCP zone after completing the M FCP pattern (Fibonacci...
Traders, Dollar started to show little strength which showed up in USDCAD and other currency pairs too. All other asset classes such as Indices (SnP500, Dow Jones (US30), NASDAQ), Gold and Cryptos (Bitcoin etc.) started to show its impact. If the USdollar starts to gain strength it can reach 95/96 level but it may not be straight foward journey. So here are the...
Traders, Gold sell off quite a but after reaching an FCP Zone (Fibonacci Confluence Pattern) Zone which coincided with a good supply zone and an FCP W Pattern. Now gold is at a support level which if broken can create another sell off. Remember on monthly chart, there are more levels for it to reach. The major levels to watch out for are: 1878, 1856, 1800/1795,...
Traders, Dollar (DXY) has been like a sleeping giant. As mentioned in the weekly analysis, it is expected to finish this week as a bull candle but because past 2 months have been bearish and due to candle stick formation this month may end as a bearish candle.
Nevertheless it has started to wake a bit so make sure that you pay attention to it if you are trading...
Traders, ERURUSD Fell From Monthly FCPZone and that we could see in the DXY (Dollar) strength. But as this pair has been in upward move for so long time, it is not going to simply fall down. Right now it is planning to consolidate and it is sitting on a major monthly Fibonacci support. There was a fake breakout but it recovered and now if this starts to move...
Traders, Bitcoin has finally started to take a little break. This break may or may not last as the history of this asset tells us. It just simply moves and moves. Now that it is taking a bit of the break, we may have a head and shoulders pattern forming. As we know that neckline has to be broken if this pattern to work.
Rules:
1. Never trade too much
2. Never...
