Hello Traders, Hope you all are doing good!! As i explained in my earlier post for GOLD, GOLD traded between 1895-1932 range for around a week. Finally G:S is broken above the 80 level and also from the month old trend line which moved GOLD further down to 1880 level. Now after this strong break above of G:S, i expect it to retest the broken level & hence,...
Hello Traders, Hope you all are doing good!! We have hitted our last target for this pair (analysis is in link attachment) & congrats to who has benefitted from the trade. Currently i can see that the pair is in down trend and providig very good R:R. If your strategy satisfies the rules for going SHORT, you can SELL the pair. TP1 @ 0.92510 TP2 @ 0.92 TP3 @...
Hello Traders, Hope you all are doing good!! GOLD is under bullish momentum. 1900 level will act as support as long as the G:S ratio is under 79 level. G:S is under weekly VWAP , however has a support level at 75.5, hence i expect gold to rise till 1932 level & find some resistance there. G:S has to break the 80 level in order to make GOLD go in bearish...
Hello Traders, Hope you all are doing good!! We have made a nice profit on our last trade of DXY (link is attached below). Congrats to who has taken that trade. Right now i am looking the price rejection from the 9 years old trend line. The index facing a bearish pressure however the long term support can hault the down rally & make it bounce back to the 94...
Hello Traders, Hope you all are doing good!! We have hitted our last target & congrats to who has benefitted from the trade. Currently i can see that the pair has bounced from around a month old demand zone. We can see a very nice Bullish engulfing candle forming. My plan is to look for the LONGs. If your strategy satisfies the rules for going LONG, you can...
Hello Traders, Hope you all are doing good!! THis pair has very simple setup. Wait for the breakout of the channel & then retest to sell the pair. TP @ 0.702 NOTE: If pair breaks above the red trend line then the setup invalidates Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please...
Hello Traders, Hope you all are doing good!! We have hitted the last post target (link is attached below). Congrats to who has taken that trade. Right now i am looking the price rejection from the upper trend line of the daily channel & looking at the bigger picture i expect the Price to fall as shown in the chart. Wait for the Break out and then look for your...
Hello Traders, Hope you all are doing good!! As I mentioned in last analysis, the price has broken the momentum trend line after reaching 94.75 level. According to the analysis, after breaking the trned line, the price has reached the 93.5 level. At this point, we will wait for the price to give us next move. 1) Wait for the price rejection and Bearish signal...
Hello Traders, Hope you all are doing good!! Although the overall bias onn the pair is Bearish but i expect a short term upward price movement. Currently the pair is making correction and trading in ascending triangle. If the price break above and retest the triangle horizontal line, i will look for a Bullish signal to take a LONG. TP @ 79.6 NOTE:- From COT...
Hello Traders, Hope you all are doing good!! I have Bearish Bias towards this pair. Below is my analysis for this pair. Currently the pair is making correction till the previous support level which might will act as resistance now at 0.94900. At this point we will mmonitor the price action to give us a bearish signal. Also, the daily RSI must get the resistance...
Hello Traders, Hope you all are doing good!! This trade idea is very straightforward as shown in the chart. DXY is moving in full momentum after facing a big fall in this pandemic. Currently the price is jumping off the short term/weekly trend line. The price is reaching the overbought zone however, I expect the price to reach 94.8 mark before doing a...
Hello Traders, Hope you all are doing good!! I am publishing this idea after quiet a time as I am quiet busy with some other businesses. This idea is pretty straight forward. In the chart we can see clearly the Ascending triangle formation. The trend line has already tested multiple times & the price is currently testing horizontal resistance which is...
Hello Traders, Hope you all are doing good!! This trade idea is very straightforward and simple. DXY is more likely showing the reversal pattern & bounced back from 9 years old trend line. RSI showing bullish divergence on 4H. I will wait for the price to break above the dotted trend line in order to confirm the reversal. TP @ 93.50 Please follow me and like...
Hello Traders, Hope you all are doing good!! The pair is showing Bullish Divergence on 4H & hence, more likely to make a corrective move. I expect the pair to retest the broken trend line again. At this point we will observe the price action and open a SHORT position for very good R:R. TP @ 1.61010 Please follow me and like if you agree or this idea helps...
Hello Traders, Hope you all are doing good!! DXY looks like forming a H&S pattern. The index has already broken below the neck line but we need to wait for the weekly candle close confirmation below it. If break below, Bears can take it to 92.5 level **Today's FOMC meeting can be the main driver. Please follow me and like if you agree or this idea helps you...
Hello Traders, Hope you all are doing good!! The pair was trading in the symmetrical triangle & just broke out of it. After breaking out the pair retested the trend line and now moving upside. As per the COT report, GBP is LONG biased by speculators whereas JPY on the SELL side. Therefore, my Bias is LONG on the pair. TP @ 143.0 Please follow me and like if...
Hello Traders, Hope you all are doing good!! The pair is currently trading in Symmetrical Triangle. As per the COT report, GBP is LONG biased by speculators whereas CAD on the SELL side. Therefore, my Bias is LONG on the pair. The pair most likely to bounce from the lower trend line of the triangle where 800 hour MA will also act as support. TP1 @ 1.74790...
Hello Traders, Hope you all are doing good!! As per our last analysis AUDJPY heading towards to test the earlier Daily highs of 76.5 - 77.0 As per the COT report, speculators are still Buying AUD and Selling JPY which adds to the probability of this pair going high. However, from the COT report we can see that speculators are shifting towards SELL bias for AUD...