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
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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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Fcpstrategy
$XAUUSD Trend Changing, Can Go Higher #GoldTraders, Gold today has showed few conditions on smaller time frame which can put it on a trajectory for higher prices around 1850 or . There is a bigger W pattern now which can be formed and reached. Read the chart for more.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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$DAX Can Still Rise Higher To This FCP Zone #daxTraders, 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
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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.
____________________________________________________
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
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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
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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.
____________________________________________________
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
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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.
____________________________________________________
$APPL Possible Reversal Areas (FCP Zones)Traders, APPL (Apple stock) can now have a correction on weekly time frames and quite possibly fall hard. The price is very extended and is due for a possible correction/reversal. Watching these 2 FCP reversal zones for possible confirmations. The confirmations must either multiple conformations on daily time frame or weekly time frame.
Trade what you see and keep the risk management tight.
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.
____________________________________________________
$NZDUSD Can Finally Reverse And Rise For A CorrectionTraders, NZDUSD has been falling without any supports and has reached a level where it can finally stop, take a pause and reverse for an upward correction.
At this level:
1. It has past structure
2. 78.6 Fib
3. Gap which has now been closed after a period of more than 1 year!! :)
4. Extended M pattern completion
All these factors present us with a good opportunity for a long position. The trade idea is on daily time frame so it may be slow and can take days, possibly weeks.
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.
____________________________________________________
FTSE100 (UK100) Is Reaching A Critical LevelTraders, We have been watching and trading FTSE 100 (UK100) for a long time now. After a huge consolidation it broke out and started to move upwards. It is not on its path to a critical level where we complete a good W FCP Pattern at pre-pandemic level along with a price gap. This should make the index fall. So we have great long and short opportunity ahead. Long all the way to that level (risky) and then short from that level.
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.
____________________________________________________
USOIL is looking overstretched, correction can comeTraders, USOIL has been breaking all short opportunities and is very over extended. Watch USDCAD for clues. If and when USDCAD will start to rise there are chances that will start to fall. There is a pattern there and it can fall any time. This fall will be sudden possibly based on some sort of news event with careful planning of their geopolitical agendas.
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.
____________________________________________________
APPLE Has Probably Peaked, Can FallTraders, APPLE stock can fall as it is forming a pattern and is showing signs of fatigue. This comes along with Amazon, Google Tesla, and Netflix stocks showing same signs. This can have a knock on effect on the NASDAQ which is already trying hard to recover from the recent "so far" minor correction.
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.
____________________________________________________
NIFTY - Potential End To The Bull Run Coming SoonTraders, NIFTY (NIFTY50) has been the best index. It has performed much better than US indices and has recently been competing with FTSE 100 too. The bull run is still on but it could shortly be coming to a halt or reversal when it reaches this FCP zone based on 161.8 Fibonacci Extension.
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.
____________________________________________________
Tesla Can Fall - Pattern Completion Is Near $TSLATraders, TESLA can fall as we are reaching a supply zone, FCP (Fibonacci Confluence Pattern) zone and completion of a W pattern. There are 2 zones that we should be watching.
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.
____________________________________________________
USOIL Has Reached Another FCP Zone With DivergenceTraders, USOIL Has Reached Another FCP Zone With Divergence. Watch this zone for weakness and confirmation. For now the daily candle has a good momentum so wait for a good confirmation before trading Crude Oil.
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.
____________________________________________________
Silver (XAGUSD) Can FallTraders, silver (xagusd) has been inside a consolidation zone for a long time and after all those up and downs, it started to look very bearish. If the current support levels is broken, we are looking at a possible M pattern formation (along with an ugly head and shoulders pattern) which can push the price down to possible targets as shown. Usually silver follows the Gold price action so inverse is a bit true too. So watch gold price action with this market.
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.
____________________________________________________
NIKOLA: NKLA Can Be A Good Buy NowTraders, Nikola price has been it badly but it has reached a level where it can be a good buy on the completion of a good FCP pattern. Beware of the fact that this pattern can become extended to the downside. Hence we have to possible BUY zones
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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SILVER: What's Happening? Educational Multi Time Frame AnalysisTraders, Silver (XAGUSD) has been moving and yesterday it caught several analysts and traders by surprise. The reason behind that is that majority do not perform multi time frame analysis and do not see the hidden higher time frame levels which can act as support and resistance. In this multi time frame analysis I start from the monthly time frame and go the way down to 4H to show what happened, and what was expected.
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 Hit Our Targets Again! Further Analysis Update& ForecastTraders, Gold rose to our FCP zone and fell back down. We have been able to capitalise on the long move and then took short too as per the plan. In the analysis update of XAUUSD we see what opportunities we have on GOLD for the coming week. We also look at the higher time frame possible scenarios using FCP analysis.
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 has been rising after a huge fall. This is in a correction mode and we know that once a correction has ended, it is set yo resume the previous trend. But trade what you see. So far it is going up in bullish correction so we will favor long trades. Now in this top down analysis update we see what support resistance levels we can look for new opportunities of profit taking to trade XAUUSD.
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 (USDOLLAR): Update - Falling Further?Traders, We have been following dollar for a long time and we have seen it getting strengthened and now it is simply following price action to get more upward momentum. But as we trade what we see, we know that there are good chances that it can fall further down before it picks up momentum to the upside. In this top down multi time frame analysis update on USDOLLAR we look at various scenarios and support/Resistance levels for dollar index.
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.
____________________________________________________
BitCoin Can Rise Higher - Possible Bear TrapTraders, A contrarian view is a must in analysis to get rid of the confirmation bias. Always look at the both sides of the coin ☺
Trade what you see :)
1. Retest of 30K
2. Possible Double Bottom
3. Bear Trap
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.
____________________________________________________
EURUSD: Rose Higher On M PatternTraders, EURUSD Rose Higher On M Pattern and reached target. It can still go higher a bit to test 200 sma which is just above.
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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USDJPY Has Good Short Term Trade OpportunitiesTraders, USDJPY is forming a good FCP W pattern and there are few very good zones which can attract the price to them and then reject it. So we can have both long and short 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
✅ 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