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, USDJOU has been on fire since I published this breakout idea (see below). Now JPY pairs may take a little pause and can correct. They are still very strong so if you are looking to short, please ensure that you have a good confirmation. CADJPY is a good candidate for this correction as it has one the cleanest set up available. We have 2 W patterns, one...
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, Please refer to the weekly gold analysis posted over the weekend which explained the bearish scenario. If needed, refer to previous weeks's analysis too. Gold has filled 2 gaps and is about to fill another gap in few moments. This is creating an M pattern (blue)and is also trying to challenge a bigger M pattern's mid point (white pattern) Because of the...
Traders, UKOIL (Brent) can still go higher. It has reached an FCP zone so any long positions for swing trade are not good ideally. However there is a gap available at 98 and then we have round number 100. This can also push upwards of this FCP zone to reach the final FCP zone of 105. Then it will be a good candidate for a short. Right now, trade in steps only....
Traders, this can be a short term opportunity to start with so risk management must be adhered to. DXY (dollar index) is forming 2 W patterns, (one small and other one bigger). These can push the price upwards. If the lower structure zone is broken then this idea will be invalid. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too...
Traders, Bitcoin has just completed an M pattern in a consolidation area which can push the price upwards. This M pattern is also part of a bigger W pattern which in turn can push the price up. These are the levels and directions (arrows) that we can look at. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade...
Traders, Gold had a great breakout. After hitting few of our bullish targets, it is now sitting at an FCP zone and 1900 round number which can create a short opportunity. In fact nearly all upwards moves on gold at the moment can bring us good short opportunities too. The horizontal lines and zones are potential targets areas and support/resistance. So make sure...
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, This is the analysis of Corn Futures ZC. 1. Price made structure break which means more down side is expected 2. But the price can go back up perform a. Sell Order Collection b. Stop Loss Collection c. Retest few levels 3. We currently have a wedge pattern which getting squeezed. A break below will push it to the lower FCP zone. 4. A break above...
Traders, This is the longer term structure analysis of Silver (XAGUSD). Silver is at a crucial support level which if broken and confirmed, will lead to a good fall to possible targets around 19 and even 15. This support level has been tested quite a few times already each time the bounce up is getting smaller. So watch out for a any bearish indication. On the...
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, Gold today has showed few conditions on smaller time frame which can put it on a trajectory for higher prices around 1850 or . There is a bigger W pattern now which can be formed and reached. Read the chart for more. 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...
Traders, DAX Can Still Rise Higher To This FCP Zone. 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 me for future ideas, trade set ups and the updates of this...
Traders, USDJPY has been very bullish and it has come back up to the previous high which can help create a double top. It has also completed an FCP W pattern and started to show little rejection on the daily time frame. This means that it can fall down to 114.3 levels but due to the recent strength, if it confirm the momentum above 115.40 it can higher to the...
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, Bitcoin has still been falling down as expected because of completion of W pattern that we traded. Now last few days it has been working quietly on a Bull Trap and head and shoulders pattern. In our FCP methodology we do not use head and shoulders pattern because treat them as complex W and M patterns. But this is something to watch out for. Markets can...