Uzi-Trades-Forex

Uzi-Trades-Forex Updated 

Bears were recently presented by a discount opportunity with the news of BOE bond holdings venture that triggered the trend on Gold against USD and we saw market move from 1614 to direct 1729 without brakes. Now as we saw on USDJPY making a drop of over ~600 pips, BOJ could be expected to be the one behind the sudden jerk against USD in the entire market since Yen...

Uzi-Trades-Forex Updated 

Let us analyze XAUUSD in the perspective of supports and resistances today. Currently, we are being resisted at a major resistance zone between 1795-1806. If we break higher than here, we might see it targeting the range of 1843-83. To see a proper approval of the higher levels this current resistance zone must break. However, let us now analyze a counter...

Uzi-Trades-Forex Updated 

Alright guys, our bearish cycle started from the price level of ~27.94 and ended at the price level of ~17.59. Considering both these extremes we have a very broad range of over 5000+ pips to play in between. We are now having multiple PAs to confirm our bullish continuation, such as: 1- Major Inverted Head & Shoulders pattern with a broken neckline, marking the...

Uzi-Trades-Forex Updated 

Alright guys, today we are going to highlight some very important price zones pertaining to the possible goals of the price movement of Gold against USD. What we have witnessed is the ease in monetary policy of the federal reserve following up with the announcement of easing up on the aggressive interest rate hikes for the last quarter and first FOMC of the first...

Uzi-Trades-Forex

Time to be neutral about the prospects of DXY. Although the trend was significantly bearish considering the recent blowing up of investors confidence followed by USA midterm elections. Let us now analyze what seems to be adequate possibilities that may follow considering the lack of egalitarian policies as the end of year approaches: 1- We are currently at a...

Uzi-Trades-Forex

WTI does not look like a bearish heaven anymore. Reasons include: 1- Dropping Wedge consolidation breakout 2- Bullish bat reversal pattern to bolster the claim to expect higher levels and mark the initiation of a bullish reversal 3- Dovish Feds 4- Increased Demand post-COVID Target: Apparently, the current reversal picture seems like trying to approach triple...

Uzi-Trades-Forex Updated 

Alright guys, call it USA Midterm Election impact or whatever, but we just had an inverted head and shoulder on silver which calls out for a possible full time bullish reversal on the XAGUSD. The pattern successfully hit the middle and first target zone between 21.9-22.5, tagging a price of 22.05. Now, there are two situations: 1- Retracement occurs and silver...

Uzi-Trades-Forex Updated 

Alright guys, Mid-term elections are finally over and USD is finally regaining the investors confidence. Right now we will be looking for the short entries for the next week. Here are my reasons to go short and look for selling positions: 1- The Up-channel that we have seen so finely observed and maintained has finally broken so we can deem 1786.53 as the...

Uzi-Trades-Forex Updated 

We have run across a situation on DXY where we must have one of the two confirmations to side either with bulls or bears. There are two possibilities at the moment: 1- The Bull Flag confirms breaking out of this 112.xx zone we shall have a full on signal to go long to the targets as described in the chart 2- If we break lower than 108.8x zone, we shall then have...

Uzi-Trades-Forex Updated 

Here is a comprehensive analysis for XAUUSD for the conditions we might see during next week. Last week, we had a rising wedge consolidation breakout coupled with a head and shoulder pattern which turned out be a good reason for a sell-off with target at 1639 (Paid us really well Alhamdulillah). That was two PAs working simultaneously in the breakout zone between...

Uzi-Trades-Forex

Silver(xagusd) like gold has broken out of a 2 year long consolidation (accumulation) as well. Now we are looking for lower targets on both metals. Silver can be seen failing to retest the breakout point at 21.5 and therefore, chances are we will see it down. Technical aspects: 1- A rising wedge consolidation and continuation pattern observed on XAGUSD (drawn...

Uzi-Trades-Forex Updated 

As stated in my previous idea about gold that we were stuck in a consolidation box (Related Ideas). The price broke low from the consolidation box and the first lower Darvas box target was achieved today. Now that the we have confirmation of bearish trend resuming back, we are heading lower back to where the bullish local rally started. We have almost retraced the...

Uzi-Trades-Forex

All the description is mentioned on the chart. Best of Luck :-)

Uzi-Trades-Forex

I feel the need to explain the behavior of XAUUSD based on historic evidence and trend cycle analysis. - All instruments in the market must undergo an Accumulation-Participation-Distribution cycle and gold is no different. - Each accumulation and distribution is supplemented by a reversal pattern, as you can see in my chart, we have a descending triangle, an...

Uzi-Trades-Forex Updated 

What a time to live and see in financial markets. XAUUSD has entered a major downtrend extension breaking lower than a 122 weeks support and a major reversal 115 weeks Darvas box (Both occurred at the weekly candle breaking low from 1680). The real bearish cycle begins now! I personally have been selling from the retest of 1990-2000 zone which was around 0.618 of...

Uzi-Trades-Forex Updated 

Desperate attempts of BOE to support the dying GBP has resulted in the up move within the strong bearish trend on the yellow metal. However, we have seen the possible corrective upward progression in three phases (first, second and third rally). As the financial world awaits the result of NFP this week, we have come across a consolidation zone (Consolidation box)....

Uzi-Trades-Forex

I personally do not trade Dow Jones Industrial Average but it does not hurt me at all to guide people who do. Well, bad news guys, the picture on the popular index US30 does not look very appealing to the investors at the moment. FEDs are to blame for the vicious rate hike adventure that is drawing investors away from a very large investment pool such as US30....

Uzi-Trades-Forex

As mentioned in my long term analysis previous idea about DXY (Related Idea), I mentioned how there is no major resistance between now and ~120 level. Now, I have come across another clue about why that idea is still valid and we are nowhere close to a major reversal on gaining strength of USD. We recently witnessed a sudden weakness in the strength of USD owing...