Uzi-Trades-Forex

Uzi-Trades-Forex

"There is a time to go short, a time to go long and a time to go fishing" As the end of year approaches, we see an ease in the aggression of the commitment of the federal reserve to strengthen USD. They have to, a currency getting too strong too sudden is not a good omen for the country itself on a macro level. Inflation is a turmoil we get to see today and as...

Uzi-Trades-Forex

This Idea is in reference to my previous idea regarding precious metal Gold (see related ideas). It is paramount to monitor the strength of USD in order to gain a better insight of the possibilities of next big move on metals. As far as the strength of USD is concerned, I do not see any valid reason for why it should lose any strength. Here are my reasons and...

Uzi-Trades-Forex

I was personally hoping for Gold to not break ~1774 (0.236 Fibo Retracement Level) but considering the current circumstances xauusd price is through that point already. Not only it went through our first retracement level but it also retested it during Friday and NFP. Now the weekly candle has closed slightly above this level, therefore, we are expecting it to...

Uzi-Trades-Forex

As told in my previous ideas regarding Gold, that we are not sure about the direction of trend for XAUUSD, unless two levels 1680 and 1775 are broken. Oh well, we have finally reached that point where gold might actually give us a strong buying signal as it breaches 1775. If Gold fails to break this first resistance, we can expect it try 1680 one more time. Now...

Uzi-Trades-Forex

"Let us be honest, no institute in the world ever liked or started liking retail traders." This idea is in continuation of my previous idea about Gold (see related ideas). In the last idea I told you guys that we have to wait for the 1680 price level to break if we want to go short for a longer run. But it recently bounced exactly off 1680. Now the thing is,...

Uzi-Trades-Forex Updated 

We have approached a point in trading Gold when we have to wait for the market to decide whether it wants to break this last support at $1680 or we might see a bounce where there arises a possibility of triple tops and the price above $2000/ounce again. Circumstances prevail that we are either waiting for a clear break-low or a clear bounce to decide on our...

Uzi-Trades-Forex

I am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2. This trend will not stop...

Uzi-Trades-Forex

As mentioned in my previous idea I published about Gold, bears are totally in control of the XAUUSD market. As it appears on the price chart, we have entire pandemic and post pandemic period covered in massive double tops. As circumstances have approached to normalcy all around the world, fears of uncontrolled inflation has triggered the response of Feds in terms...

Uzi-Trades-Forex

You know gold kinda broke the lower trend line on daily timeframe and we might actually be witnessing it to fall to first target i.e. <1811 anytime soon. Further targets include 1750 and below. Since Gold has so far failed to break the major resistance zone. I am positive on going short. If you intend to follow me on this one please take good care of your risk...

Uzi-Trades-Forex

Hello and welcome to the golds anxiety zone where you might find it difficult to determine the long term trend of the most traded metal i.e. Gold. Circumstances might prevail that may lead you to buy Gold at this point, owing to the recent correction during last and current week. But the reality is that long term direction of gold is still undecided. For the...

Uzi-Trades-Forex

USA has always benefitted from the conflict everywhere. It is self-evident from the time of "The Great Depression" when the depression suddenly vanished for the USA as soon as it entered the global conflict of WW2. The secret lies in the arms and oil sales. Well, whatever the case is this time, USD is soaring in the market and DXY is heading to the decade high...

Uzi-Trades-Forex

There are multiple popular opinions in the market regarding the possible movement of Gold in the next few days. A few have the opinion that in order to rest the gold back to peace and major demand zones, Russia must liquidate a few of its gold assets otherwise the inflation demands gold price hit $3000/ Ounce. Now the question is, is Russia the only country with...

Uzi-Trades-Forex

What we are witnessing right now could be the possible start of second shoulder of the inverted head and shoulder pattern on NASDAQ. if the bounce is successful considering the Bullish engulfing on daily candle of the date 4-13-2022. We are possibly having a go ahead to start entering long on NASDAQ. Targets in sight are: 15100 - Foundation resistance of the...

Uzi-Trades-Forex

Gold has been recently pushed down back from the historic high price of $2070/Ounce. The picture may seem a little distorted but it is very likely to be heading back to 1800 and below. The price hit the lower support of the Head and Shoulder last week at 1890, another test of this level is very likely to break it, pushing the price back to the normal values of...

Uzi-Trades-Forex

With recent correction nearing 1.3300, GBPUSD might be heading back to the target region displayed in red. Technical aspects: 1- Most recent lower trendline broken on H4 Timeframe 2- Harami on Daily timeframe 23rd March 2022 3- Inverted cup and handle on H1 timeframe These technical aspects are sufficient evidence for Cable to be heading lower today towards...

Uzi-Trades-Forex

USDCAD was supposed to reach the region in red but Canadian dollar seems to give a tough competition to the king USD. However, the Loonie dollar intention for a bullish continuation is quite questionable owing to the huge rejection candles on weekly timeframe. Therefore, I no longer confide in the bulls. "Feds are losing against BOC". The last nail in the...

Uzi-Trades-Forex

With EURUSD heading to take a possible fall, the minor EURAUD is also exhibiting the signs of weakening Euro against Australian Dollar. This may be a smaller frame analysis but with the huge engulfing with the last daily candle seemingly warrants to favor the bears. Technical prospects of the EURAUD Analysis: 1- Proper Head and shoulder exhibited by H4...

Uzi-Trades-Forex

As elaborated in my previous article regarding the bearish picture of GBPUSD, Cable is entering its target region that extends as far as 1.2700. Call it a turn of events owing to the Russo-Ukraine conflict, but cable is following the analysis from my previous post tagged in this article. No sign of reversal spotted so far, so we are good in short position! Day...