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, Gold had a mix week. We hit few targets early on in the week and ended with a profitable trade but lost a trade too. The price action was slightly confusing. So in this Gold (XAUUSD) Further Update On Analysis And Trading Plan lets first see what we were expecting and what happened. Then we will look into possible trading plan for the next...
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, Gold has been following our plan. We have been bearish on the XAUUSD because of the higher time frame bias. Last week, our long and show plans played out well. Gold went back up to test the neckline of the Head and Shoulders pattern after a fall. And right now it is kind of forming a double bottom which can push the price up a little bit. In this quick...
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, Dollar has been bullish as expected for months and ultimately it will keep on rising because on higher time frames it is forming a W pattern. These are the factors for its bullishness: 1. W pattern on multi year monthly time frame 2. Sideways Channel on Monthly time frame 3. Double bottom on monthly time frame 4. W pattern formation of Weekly time...
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 (XAUUSD) has become over extended and it had a potential to go parabolic but because it corrected last week, it has turned slightly bearish. But it may not be over yet. There are few targets to the up side whereas this market if given a good confirmation will lead to good short trade opportunities soon. So what lies ahead? Lets find out in this Must...
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, Current state: 1. Gold has reached the higher supply zone of 1874 which we found in our weekly analysis. But 1875 is a better level 2. Higher levels are at the top which lead in to 1880-1900 area or even slightly higher above the round number Expectations: Bearish scenario: 1. I am expecting Gold to take a correction from this supply zone. This may...
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, Gold is now at a crucial and slightly confusing point but can has huge trading potential as it is approaching 1800 levels. Here are the bias: 1. Yearly Time Frame: Bullish But A Bear Cases Is Present Due To W pattern Completion 2. Monthly Time Frame: Bullish Due To Candle Stick Pattern Formation 3. Weekly Time Frame: Bullish But Consolidation May Occur...
Traders, This is in continuation to what I posted earlier today. Please see the attached ripple (XRPUSD) Crypto idea. 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...
Traders, DXY (USDOLLAR Index) has been rising from our FCP (Fibonacci Confluence Pattern) Zone nicely as expected and predicted. This is expected to have minor pullbacks but rise further upwards to close a gap at the previous high. If you are trading any DOLLAR based currency pairs such as EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, NZDUSD, AUDUSD then this full top...
Traders, DXY fell as expected last week but it now holding a level nicely. We must watch the opening next week and see if it can push back to the upside once again. Watch the previous analysis to see the background of this analysis. Dollar is important for market forecast. USDOLLAR's strength drives all markets directly or indirectly. Rules: 1. Never trade...