$USDJPY - 2 Important Zones AheadTraders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research 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.
Not a financial advice or signal. Please make your own independent investment decisions.
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Fcpanalysis
DXY (Dollar) Long Term Analysis & Plan UpdateTraders, DXY (Dollar index) has been massively bullish as expected. Forget about what media has been saying about inflation, printing etc. The truth is that Dollar has been rising and markets worldwide have been getting affected by this move. Because of the general consensus, a lot of traders, investors and even institutions have found this move surprising and shocking. That is why we must analyse ourselves and trade what we see. 🙂
Dollar has been breaking out of a multi year consolidation range. I pointed out this possibility several times in last year or so because of a possible W pattern which was forming. This W pattern was going to form anyway but then covid came which pushed the DXY down. Now Dollar is back above the pre-covid level. Once this break out from the consolidation has been confirmed, USDOLLAR can rise mush higher.
On the bullish side, the chart clearly shows all possible targets if the market continues to go higher in coming weeks/months and years. This is a long term analysis so can take a long time, even years and things can change too in that duration. So take care of the risk.
There are however 2 reasons for its possible falls too in the future:
1. There are several gaps left and the lowest one is around 90
2. W pattern makes a market fall from few specific levels.
So beware of these 2 cases.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
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📌 DISCLAIMER
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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JPY Pairs On Fire, CADJPY Has A Good Set Up Coming SoonTraders, 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 smaller one which is just about to complete. It should give a confirmation either this week or the next. If the mid point is broken then we can see further shoot up towards the completion of a bigger W pattern.
USDJPY on the other hand is about reach a zone with mid point around 128. After this we should see a little correction at least.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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✅ Follow me for future ideas, trade set ups and the updates of this analysis
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Take care and trade well
-Vik
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📌 DISCLAIMER
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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USOIL (Crude OIL) /WTI Full Top Down AnalysisAfter 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 consolidating on higher time frames and is trying to test few levels before it starts to fall again. In this Crude Oil Analysis & Forecast Updates - WTI (USOIL) Technical Analysis For April 05, 2022 we will see the scenarios which may come in the play while trading USOIL.
Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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📌 DISCLAIMER
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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Gold (XAUUSD) Further Update On Analysis And Trading PlanTraders, 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 scenarios and important levels to play in the coming week.
Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades.
Trade what you see and ignore any hypes. Stay objective.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
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.
____________________________________________________
Gold (XAUUSD) Reached Bearish Targets, Here Are Updated LevelsTraders, 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 blue pattern and because of the mid ping of the white pattern, gold can move up. Targets are in white horizontal lines above the current price.
If the mid white pattern's mid ping is broken and confirmed, gold can fall to lower completion levels. Targets are horizontals lines and zones.
Few gaps are still open. Refer to the previous chart below for them:
Trade what you see and ignore any hypes. Stay objective.
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.
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Take care and trade well
-Vik
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📌 DISCLAIMER
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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🥇Gold Analysis & Forecast Updates - March 27, 2022Traders, 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, 2000, 2024.
At 1974 we have potential Head and Shoulders pattern which may or may not play out so do not rely too much on it unless its neck line around 1888 is broken.
Remember that we have financial year end, quarter end and month end. Besides we still have war situation going on. So expect a lot of volatility and fake breakouts. Trade what you see and manage the risk.
Trade what you see and ignore any hypes. Stay objective.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$EURUSD Reached Bearish Targets,Can Still Fall Much Further DownTraders, EURUSD reached our bearish targets because of the M pattern. In fact market went much lower than that.
Now EURUSD can still fall much further down. If 1.2 level holds as a resistance then EUR is very likely to fall further down to 1.0416 as the intermediary target. Most probably the real target (as very quick one too 🙂 ) will be 1.02 level because that is where the real value FCP zone is.
Below is the timeline history of them since our last analysis:
1. Original Analysis: NOV 15 2021
2. Nov 17, 2021
EURUSD: reached the important FCP zone. It can bounce up from here. To take longs, wait for a good confirmation.
3. Nov 17, 2021
EURUSD: getting a bounce from the FCP zone and important level 🙂
4. Nov 22, 2021
EURUSD: Stop loss collection is in process. Gap is filled.A secondary confirmation is needed to add to long or start a new long. Watching DXY closely.
5. Jan 03, 2022
EURUSD weekly time frame now looks like this. It reacted to the zone late. As DXY is strong, it has not showed good reaction and it is more of a sideways action so far. It can still go higher if the conditions change as we are now above the FCP zone. But any weakness can bring it down close to the pre covid levels and gap which is left open;
6. Jan 28, 2022
EURUSD: waited around the FCP zone, filled a gap and pushed a little higher. It got rejected by 1.14211 level. Now it is moving towards a gap and a bigger M pattern around 1.1 level. Again, similar to DXY it can push back up to retest the previous structure.
7. EURUSD now: (March 17, 2022)
Gold Urgent Update- Must Watch!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 what you see and ignore any hypes. Stay objective.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$DIA Can Jump Up Now #DowJones #US30Traders, Dow Jones and other indices (NASDAQ and SNP500) yesterday had a blood bath but they all completed their respective bullish patterns. US30 (Dow Jones) completed an M FCP pattern and has also touched a weekly trend line. It is also forming a good monthly candle pattern which indicates that March can be a bullish candle for this market. As the conditions are not very favourable , a tighter risk management is needed.
Trade what you see and ignore any hypes. Stay objective.
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.
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Take care and trade well
-Vik
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📌 DISCLAIMER
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.
____________________________________________________
$DXY #DollarIndex Can Rise, W Pattern FormingTraders, 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 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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$BTCUSD #Bitcoin Can Rise, M Pattern completed, W formingTraders, 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 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 analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
USDCAD Can Be A Great Long OpportunityTraders, USDCAD has been consolidating for weeks but now it has started to show a sign which can push it higher. This can be multi week position sort of opportunity which is just about to start. See the chart for notes and levels. Take one steps at a time.
Trade what you see and ignore any hypes. Stay objective.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
Gold (XAUUSD) Further Update On Analysis And Trading PlanTraders, 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 downwards. Before falling down iot cleaned an area around 1847 which was expected. Now a similar area is below the current price. So Gold in the current for is in consolidation but tending towards bearishness again.
There are few areas where a lot of liquidity is resting to be grabbed so Gold can a little push to the up side but better level for it is below the current price where liquidity is. In this analysis we check out these scenarios and possible levels. Trade one level and case at a time. Manage your risk and positions wisely.
Trade what you see and ignore any hypes. Stay objective.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
DXY (Dollar/USD) Technical Analysis & Forecast - Still BullishTraders,
The dollar (DXY) has been rising higher as expected. 2 weeks ago we published an update in which we mentioned that dollar was simply taking a healthy correction for the next move upwards. Dollar Index has exactly done that. It has tested an FCP zone and trend lines and gone up for parabolic move.
Dollar can still rise to 100, 103, 105, 113 on the bullish side. There are several gaps available on the dollar which means that at some point in time it will fall to 90 but when, that no one knows. So manage your positions and risk.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$DXY Dollar Is Still Bullish After Expected Correction #dollar 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 intact and W pattern is still in the formation which can push the price further upwards. A fall below these trendlines and confirmation can give us short opportunities in this market but trade what you see and take one step at a time.
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 analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
Gold (XAUUSD) Further Update On Analysis And Trading PlanTraders, Gold had a mix week. We hit few targets early on in the week and ended with a profitable trade but lost a trade too. The price action was slightly confusing. So in this Gold (XAUUSD) Further Update On Analysis And Trading Plan lets first see what we were expecting and what happened. Then we will look into possible trading plan for the next week.
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 analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
DXY Technical Analysis & Forecast - Has Anything Changed?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 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.
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Take care and trade well
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____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$XAUUSD Trend Changing, Can Go Higher #GoldTraders, 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 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 analysis
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
USDJPY - Bearish Pattern Complete - But Watch OutTraders, 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 next target. Watch DXY and EURUSD with this.
DXY Now:
The FCP zones have acted as good barriers making DXY take a correction. But it is still positive. We need more confirmation on either side to assess the right market conditions.
DXY Before:
EURUSD Now:
EURUSD weekly time frame now looks like this. It reacted to the zone late. As DXY is strong, it has not showed good reaction and it is more of a sideways action so far. It can still go higher if the conditions change as we are now above the FCP zone. But any weakness can bring it down close to the pre covid levels and gap which is left open;
EURUSD Before:
Markets can be very fragile in these first few days of the year so be careful.
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.
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
Gold - XAUUSD 2022 Full Top Down AnalysisTraders,
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 trade what we see so in this full top down analysis we try to see various scenarios that Gold can play out and how those scenarios can turn into trading opportunities.
Markets can be very fragile in these first few days of the year so be careful.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
Bitcoin has been working On Head and Shoulders Pattern after W 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 be very fragile in these last days of the year so be careful.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________
$UKOIL $WTI Looking For Short Opportunities - Patterns EvolvingTraders, I trade UKOIL (Brent) mainly because of GBP factor but this idea can be applied to USOIL (WTI) as well. There is a head and shoulders pattern on Brent but there is a gap left too. Gap is present right at the completion of a W pattern which can give us very good short opportunity. If the market does not go up there to complete the W pattern then break and confirmation of the neck line break will give us good short opportunity.
Markets can be very fragile in these last days of the year so be careful.
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 analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
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.
____________________________________________________