NZDUSD Can Fall - Inside Monthly & Daily FCP ZonesTraders, NZDUSD had a very good run but it is now reaching a crucial level where it can take a correction. 0.72115 is very important level which is inside both Monthly and Daily FCP Zones (Fibonacci Confluence Pattern Zones). However it may not reach that level as the pattern is almost complete. As the new month and new year is about to start, take extra care. There can be huge volatility in the markets.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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Fcpanalysis
DXY Filled All Lower Gaps, Possible Double Bottom FormingTraders, DXY has come back down to fill all left over gaps. There are few left above the current price but all lower gaps are filled. It is back in the FCP zone and could be forming a double bottom. Today's close and this week's close is important for USdollar for further price action.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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NATGAS (Natural Gas) Reached The Lower Zone After A RejectionTraders, Natural Gas followed our analysis and plan and reached multiple target on both long and short side. After a move upwards to take a rejection from those important levels (Horizontal lines) it has come down to the FCP zone. Here we can expect a bounce back up as indicated by upward arrows. If this zone is broken and confirmed the next target will be the lower zone at 2.0 or lower. Notice that we also have a head and shoulders pattern too.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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BitCoin Month Closing Is Important - Inside An FCP ZoneTraders, Bitcoin is right now inside an FCPZone (Fibonacci Confluence Pattern Zone) and we will need to see how this month closes. If it closes above it and we there us further confirmation then it can go higher to the upper zone which is even stronger than the lower one. There are 2 FCP Patterns completing. These will give us long and short opportunities on BTCUSD. Right at this moment is extremely bullish but it may change very quickly and can fall down to the levels marked by arrows.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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BankNifty Can Fall (Bearish Pattern) CompletedTraders, This is not a right time to trade markets but just FYI, BankNifty has completed a pattern which also has confluence with a bearish pattern on Nifty (NIFTY50). So there are chances that it may fall.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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GBPUSD Is Nearly Inside A Reversal ZoneTraders, GBPUSD like many reverse USD pairs has been moving upwards. After falling earlier a bit and giving us a good profit on the short side, it is now reaching another FCPzone where it can reverse from. If the zone breaks to the upside then it may target upper level and the next FCP zone.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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#Gold #XAUUSD Updated Plan (FCP Zones & Important Levels)Trades, Gold may present a breakout today to the upside which can push it to the upper zone.
Use arrows for direction and zones and levels as Fibonacci based support and resistance .
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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AUDUSD Fell From The FCP Zone, Probable Second ChanceTraders, We had a great day trade on AUDUSD when it fell from the FCP zone. Now it is back in the same FCP zone. If it gives a confirmation we can go short once more but there is another W FCP Pattern formed which can push the price to 0.75975 if it breaks through 0.75829.
Use arrows for direction and zones and levels as support and resistance .
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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USDCAD Has Reached The Lower FCP Zone (Important Level)Traders, USDCAD has reached an important level on monthly timeframe and now it is in FCP zone. This can give us a bounce up. Must wait for a confirmation as the trend has been strongly down.
Use arrows for direction and zones and levels as support and resistance .
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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DXY Is Moving Towards The Second FCP Zone Traders, This was always a possibility. Mainly because EURUSD was also looking to reach 1.22 level. DXY is now going towards 89.89. We must be very cautious at this level as there can be a lot of manipulations in the market. This is one of the last levels for Dollar to reach this year. If this hold then we can see good bullish movement. Else we will have to reanalyse.
Use arrows for direction and zones and levels as support and resistance.
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Gold Is A Buy ONLY If We Get A Confirmation To Buy NowTraders, Long term Gold is bullish but it has not reached its short profit targets yet completely. Right it may give us a long opportunity before return back to the downward direction. Personally I have been waiting and taking caution in this market for last 1 and half weeks. I want to see a clear confirmation to buy or sell beyond the current FCPzone. Right now it has come back above FCP zone which may turn in to a buy opportunity as we planned earlier.
Follow the arrows for direction after a confirmation and horizontal lines and zones for targets and as support and resistance.
BTW, 4H Head and Shoulders pattern is not valid any more.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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AUDUSD Possible Day Trade OpportunityTraders, there is an FCP pattern completing right now and then in the FCPZone above. At each of these levels if you we get a confirmation, we can plan a short for a day trade.
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NIFTY Is About To Fall From The FCP ZoneTraders, there is a high probability set up on Indian Index Nifty (Nifty50). The market has reached a high probability FCPZone and can fall from there. The arrows show the direction and potential profit targets. As the markets are over stretched and we are in the final days of December, be careful with your positions. Trade only after confirmations. If the market goes above this FCPzone and gives us a confirmation to go long then only we should consider it. Else it is short biased opportunity.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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Gold 4H Head And Shoulders Pattern Appearing Below 1834Traders, We have been watching 1834 to get a confirmation to the downside on the gold. We now possibly have a Head and Shoulders Pattern after rejection from the FCP zone last week. This is not a huge probability set up but again adds to the overall downward move possibility .
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Dollar(DXY): What's Left for it In 2020? -Full Top Down AnalysisTraders, Dollar had a very bad year 2020 as we know. So far there have been only minor moves to the opposite side (upward) to show that it is still alive. However the major thing to note is that it could have been worse. The fall in dollar this year is huge but comparatively not that much if you look at previous moves. It also is finding support around 90.59 area. The 2020 is not over yet, so we might be in a for s surprise. So in this analysis I present both bullish and bearish opportunities in the USdollar.
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EURUSD Zones To Watch (Bias Is Still Short)Traders, Yesterday we had a good movement in USD pairs and EURUSD fell. But since then it started to up because of completion of a M (FCPPattern) . My bias stays bearish on EURUSD but we may find good short term long opportunities in the middle of these zones and levels.
Always wait for a confirmation before taking a trade. Always have a risk and trade management plan. Think risk before profit.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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GBPUSD Is Ready To Fall From The ZoneTraders, GBPUSD is right at the moment in an FCP (Fibonacci Confluence Zone) . Depending on one of the confirmation techniques that we have we will look for a short trade from here. The approx targets are at those horizontal lines.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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EURUSD Rallied, Ready To Retrace?Traders, EURUSD has been rising which was expected but it went higher than anticipated because of weakness in the dollar. In the next week, it may have a final push upwards to touch 1.22 level but because of signs of rejection, it is showing more chances of falling down. As we approach end of the year we need to be more cautious. Think risk before profit.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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NZDUSD Can Push DownTraders, NZDUSD has been pushing higher and now it has started to show signs of rejection. But as we are reaching end of the year and the DXY has been pushing down, we need to wait for extra confirmation to take a short on this. I am watching these levels (blue horizontal lines) as my important levels.
Always think risk before profit.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Natural Gas (NATGAS) More Down Side Expected?Traders, Natural Gas fell sharp because it simply violated the 38.2 Fib level @2.698. It is now resting at 50% fib which may or may not hold. If it holds then we can upward movements to those horizontal lines above.
Else it is expected to fall to the FCP zone below where 2 FCP (Fibonacci Confluence) patterns complete. There is also 200MA in that zone.
One more thing to note is the possible development of Head and Shoulders pattern. Remember that HNS pattern is never perfect so do not rely on it heavily.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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AUDUSD Is About To Fall, Wait For A ConfirmationTraders, AUDUSD has reached a high probability FCPzone now and we can see a downward move from here. Make sure that you have a confirmation before you enter a trade. Horizontal lines and arrows indicate possible profit targets along the way.
On a side note, SnP500 has been somewhat correlated to AUDUSD as well in 2020 without any particular reason. So this can indicate a fall in SPX500 too. It may or may not happen but take it as a warning.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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US Indices Are Creating Possible Fake Breakouts!!Traders, Please be aware of the market conditions. We know that everybody is waiting for Santa's rally. But due to Corona as most things were different this year, Santa may not come for his rally. At the moment the price action is suggesting a possible fake breakouts on all 3 major US Indices i.e. SNP500 (SPX500), NASDAQ (NAS100) and US30 (Down Jones).
Do not trust that the rally of 2020 will last forever. Nothing does. So be careful. A sudden shift can come by end of this year or the next. Few hedge fund managers have also bet against the markets for a bad ending to 2020 rally. So beware of this.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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NASDAQ Can Reach 13000 If This Breakout Is MaintainedTraders, NASDAQ (NAS100) just created a new All Time High. If this level is held by the market and continues further then it can reach 13000 easily with a intermediate top at 12800 or so. But it is critical that this breakout is maintained because at the moment it looks like a triple top. We must wait for a daily or weekly close to make sure that we have a proper breakout before we jump into this long opportunity.
Logic:
The fib extensions on important levels have created a great FCP Zone (Fibonacci Confluence Pattern Zone) which is confluence with 13000 round number. This FCP zone can attract the price and then reject it.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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