Traders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In...
Traders and Investors, The gold started to rise on NFP data last week. Now that it showed a few patterns playing out and rejection from a level forming triple bottom, is it really bullish? There are few scenarios which first look at before we start to make any decisions. In this Gold (XAUUSD) analysis update we will look at what happened and what sort of...
Traders and Investors, The dollar fell on NFP data last week after rising on FOMC in the same week. Now that it showed a few patterns playing out and rejection from a level, is it really bearish? There are few scenarios which first look at before we start to make any decisions. In this DXY (Dollar Index) analysis update we will look at what happened and what...
Traders and Investors, Dollar had a massive run for past year and is now inside an FCP zone. It is kind of stuck between 2 FCP zones and may consolidate there for a bit. On smaller time frames, there are few signs which can give us potential important hints on the next direction. Last week, showed a rejection pattern from the top which is still valid. if the...
Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking...
Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more...
Traders, DXY went higher after a shallow correction as expected. There are few scenarios now which we should consider especially if we are long on dollar. These levels and conditions can make dollar fall. In this DXY (Dollar/USD) Technical Analysis & Forecast lets study those conditions along with EURUSD analysis. There are 2 reasons for its possible falls too...
The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's...
Traders, DXY (USDOLLAR) has reached our target and last week started to take a little pause from its parabolic move which has been going on for weeks. The dollar index is still very bullish but this pause is a very much welcomed because it is giving us several opportunities across asset classes. In this in-depth analysis on dollar index we will look into higher...
Traders, Gold followed our analysis and fell from 1988 supply zone after completing a W pattern with good Fibonacci confluence. Now after few recent bounces up it is reaching a critical area which can define its future direction for a long term structure. We have: 1. Possible completion of M pattern (FCP zone) 2. Trend Lines to support 3. 200 SMA But if this...
We made more than 12% since my previous idea, now the price is testing the weekly dynamic support after a bearish impulse. On the 4h timeframe, the price is testing the 0.5 Fibonacci level on the daily resistance How to approach? The price needs to have a new breakout from the daily and 4h resistance and retest the resistance as new support, According to...
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, In this video, I tackle the big question of the hour, "When will the bleeding stop?" To answer that question, we have to look closely at our fib retracement level and where I want to see us close by Wednesday afternoon. - Stew ⛓️ 🔗 Useful Links 🔗 ⛓️ (see 'Link to Related Ideas' below)
After rising paraboilically in past few weeks, USOIL completed a multi year W pattern and fell down for a correction. After a parabolic move, a market usually falls down to a shallow target level and tries to consolidates a bit before retesting few levels and making its move again in further correction. WTI (Crude Oil) is in the second stage of it. It is right now...
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, Gold moved higher as expected from the FCP zone. We were expecting it to go little more down before moving higher but nonetheless it was inside the FCP zone which pushed it higher. In has reached an intermediate target FCP zone and performed a retest of the middle point of the W pattern. This still has potential to go higher to 1966, 1974, 1982-1989,...
Trader, Under current market conditions, Gold has been flying and is nearly at all time highs. Whilst all time highs can not be ruled out, we as traders must stay objective and assess all possibilities. In this quick and urgent analysis on Gold we will see what has happened and what is expected next. Important levels of xauusd are also in this analysis. Trade...
Traders, Before hitting this FCP zone GOLD consolidated around 1843 level but we were expecting a bullish move to 1850 FCP zone. Above this zone (if confirmed) was a case for bullish gold. But market did not give us any confirmation and Gold fell from the FCP zone on the completion of a W pattern. The parabolic rise of the DXY (dollar index) pushed the gold faster...