Traders, DXY (USDOLLAR) has reached our target and last week started to take a little pause from its parabolic move which has been going on for weeks. The dollar index is still very bullish but this pause is a very much welcomed because it is giving us several opportunities across asset classes. In this in-depth analysis on dollar index we will look into higher...
Traders, Gold followed our analysis and fell from 1988 supply zone after completing a W pattern with good Fibonacci confluence. Now after few recent bounces up it is reaching a critical area which can define its future direction for a long term structure. We have: 1. Possible completion of M pattern (FCP zone) 2. Trend Lines to support 3. 200 SMA But if this...
Traders, Gold fell from a level where a left over gap was. It did not even complete a W pattern and this possibility was discussed in the previous week's analysis. No Gold has broken below an important trend line which make it bearish so the bias is bearish but as always we look into and prepare ourselves for all the scenarios. In this weekly analysis for Gold we...
Traders, Gold fell from highs after the formation and completion of a W pattern on weekly time frame. It reached the first profit target of the W pattern, bounced up and then came back down. It is now consolidating at an important level and there are few scenarios which are playing up. In this To down gold technical analysis and updates, we will analyse these...
On higher timeframe Gold XAUUSD is consolidating and is reaching a point of possible breakout. Gold (XAUUSD) has been consolidating and has been trying to breakout of 1828-1830 level bit last week it failed to do that. Now because there is a lot of liquidity above 1830, Gold can try to create a fake breakout to the upside. So make sure you watch this level and...
Traders, DXY Dollar Is Still Bullish After Expected Correction. We have been expecting this correction as it had reached an FCP zone where it consolidated for quite a while. This correction that we had was a shallow one so if the USDOLLAR picks up momentum, it can again go into the next leg upwards parabolically. On the higher time frame we still have structure...
Traders, Not much has changed on DXY. The dollar index is still struggling between FCP zone and its bullish strength. If we get a break and confirmation above the FCP zone, this can still go parabolic. In this DXY (Dollar/USD) Technical Analysis & Forecast we see various scenarios along with EURUSD situation. Rules: 1. Never trade too much 2. Never trade without...
Traders, Happy New Year. As this is the start of a new year we reset our analysis and start afresh . Gold is showing some of the very important patterns to trade in 2022. Using our fibonacci based FCP analysis and candle stick patterns, we try to anticipate and forecast the bias and possible levels in XAUUSD. Gold is expected to be bearish this year but we must...
Traders, Silver (XAGUSD) has been moving and yesterday it caught several analysts and traders by surprise. The reason behind that is that majority do not perform multi time frame analysis and do not see the hidden higher time frame levels which can act as support and resistance. In this multi time frame analysis I start from the monthly time frame and go the way...
Traders, Gold rose to our FCP zone and fell back down. We have been able to capitalise on the long move and then took short too as per the plan. In the analysis update of XAUUSD we see what opportunities we have on GOLD for the coming week. We also look at the higher time frame possible scenarios using FCP analysis. Rules: 1. Never trade too much 2. Never trade...
Traders, Gold has been rising after a huge fall. This is in a correction mode and we know that once a correction has ended, it is set yo resume the previous trend. But trade what you see. So far it is going up in bullish correction so we will favor long trades. Now in this top down analysis update we see what support resistance levels we can look for new...
Traders, We have been following dollar for a long time and we have seen it getting strengthened and now it is simply following price action to get more upward momentum. But as we trade what we see, we know that there are good chances that it can fall further down before it picks up momentum to the upside. In this top down multi time frame analysis update on...
Traders, Gold has been respecting our levels and has been very good market for both long and short trades. Last week it went higher to 1902 level and then fell down immediately. This move gave us very good opportunities on smaller time frame. In this analysis update I show you a very simple way of analysing a market such as this XAUUSD one. No need to complicate...
Traders, Dollar is stuck between 2 FCP (fibonacci Confluence Patterns Zones) and now even though it is looking bullish, it may fall down short term before the next rise. So what can dollar do? What is our trading plan on the USDOLLAR? Is dollar strength still dying? For all those question please watch previous analysis and then this one. That should form a good...
Traders, No matter what your bias in a market is, you must trade what you see. I see that dollar has been forming a double bottom in a demand zone and also has been forming several bullish FCP Patterns along with rejections from the bottom. The higher time frame is also showing bullish signs. So all the downward pressure may just be a short term scenario and we...
Traders, USOIL has been going ballistic since 40s USD. I suggested that it could rise to USD 50 and then to USD 72 level or so. It is about to reach USD 70 which can create massive volatility and trading opportunities. However it does feel like that this market is extremely over extended so my bias is shifting towards bear gradually. USD 70 may or may not be a...
Traders, Bitcoin (BTUCUSD) has taken a nose dive after Elon Musk's tweet. But a correction in this market was inevitable anyway and the tweet simply acted as a catalyst. So what is the trading plan for bitcoin now? In this full top down in-depth analysis,we start from monthly time frame all the way down to 4H to find best possible support and resistance levels...
Traders, DOGECOIN (DOGEUSD and DOGEGBP) fell hard over night after the a great hype and media attention. But the FCP Analysis suggests that this can be a very good opportunity to buy this crypto as there is a good M FCP Pattern evolving. Risk Management and caution is needed but the opportunity is there for you to take. Here is my no nonsense full analysis,...