Traders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In...
Traders and Investors, The gold started to rise on NFP data last week. Now that it showed a few patterns playing out and rejection from a level forming triple bottom, is it really bullish? There are few scenarios which first look at before we start to make any decisions. In this Gold (XAUUSD) analysis update we will look at what happened and what sort of...
Traders and Investors, The dollar fell on NFP data last week after rising on FOMC in the same week. Now that it showed a few patterns playing out and rejection from a level, is it really bearish? There are few scenarios which first look at before we start to make any decisions. In this DXY (Dollar Index) analysis update we will look at what happened and what...
Traders and Investors, Dollar had a massive run for past year and is now inside an FCP zone. It is kind of stuck between 2 FCP zones and may consolidate there for a bit. On smaller time frames, there are few signs which can give us potential important hints on the next direction. Last week, showed a rejection pattern from the top which is still valid. if the...
Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking...
Traders, DXY went higher after a shallow correction as expected. There are few scenarios now which we should consider especially if we are long on dollar. These levels and conditions can make dollar fall. In this DXY (Dollar/USD) Technical Analysis & Forecast lets study those conditions along with EURUSD analysis. There are 2 reasons for its possible falls too...
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...
After rising paraboilically in past few weeks, USOIL completed a multi year W pattern and fell down for a correction. After a parabolic move, a market usually falls down to a shallow target level and tries to consolidates a bit before retesting few levels and making its move again in further correction. WTI (Crude Oil) is in the second stage of it. It is right now...
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...
Traders, Gold moved higher as expected from the FCP zone. We were expecting it to go little more down before moving higher but nonetheless it was inside the FCP zone which pushed it higher. In has reached an intermediate target FCP zone and performed a retest of the middle point of the W pattern. This still has potential to go higher to 1966, 1974, 1982-1989,...
Trader, Under current market conditions, Gold has been flying and is nearly at all time highs. Whilst all time highs can not be ruled out, we as traders must stay objective and assess all possibilities. In this quick and urgent analysis on Gold we will see what has happened and what is expected next. Important levels of xauusd are also in this analysis. Trade...
Traders, The dollar (DXY) has been rising higher as expected. 2 weeks ago we published an update in which we mentioned that dollar was simply taking a healthy correction for the next move upwards. Dollar Index has exactly done that. It has tested an FCP zone and trend lines and gone up for parabolic move. Dollar can still rise to 100, 103, 105, 113 on the...
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 Dollar has gone parabolic as expected and has been gaining strength. We have been holding our long bias since 89 level. DXY can go much higher from here is the momentum picks up further. However there are few levels on dollar index which you should be aware of. In our analysis we always look at both bearish and bullish scenarios so that we can plan our...