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Here we are again at the Heavens Door! Knocking or breaking this time ? What do you think this time. Will our prayers will be heard ?

adnanmagsi Updated 

Bullish Indications • As per DOW’s theory Price action is registering Higher Highs and Higher Lows. • Candle Stick pattern show Inverted Hammer is followed by Bullish Engulfing candle which indicates Bulls are in control. • Support zone is at 1.23386 which can help price bounce up to continue bullish trend. • Linear Regression Channel with standard...

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Bearish Indications • As per Dow’s theory trend is bearish. • Key resistance is at 129.570 • 4H Time-Frame overall trend is bearish. • Seasonal Analysis of USDJPY remain Bearish in January. • However Seasonal Analysis of JXY for past 10 years January remain bearish. Bullish Indications • 4H Time-Frame Higher Low is formed and confirmation of Bullish...

adnanmagsi

Gold ( XAUUSD ) is knocking at the doors of heaven! If gold crosses next crucial resistance ahead then we can expect SKY as the next limit. Please share your thoughts on this possible move.

adnanmagsi Updated 

As evident on 4Hr Time-Frame with formation of Bearish Cypher harmonic pattern UKOIL a reversal is possible. Seasonal Analysis shows JXY & DXY remain Bullish in January over 60% which have negative correlation with Oil. CXY on the other hand remain Bearish in January over 70% of times which indicates a low price of Oil. TPs can be set as per Fib Lvls...

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Its evident that Price action is respecting Fib Lvl 23.6% and presence of Rising wedge states a bullish momentum is possible. Series of Higher Highs and Lower low also support this theory. Strategy is Long

adnanmagsi Updated 

Bearish Indications • Resistance Zone at 1821.42 • Significant Resistance Zone at 1846.90 • Seasonal Analysis shows DXY remains bullish in January at 60%. • No Divergence spotted. • As per analysis DXY is moving towards a bearish trend. Bullish Indications • Higher Highs and Higher Lows • Three White Soldiers • Significant Support Zone at...

adnanmagsi Updated 

Bearish Indications • Resistance Zone at 1.06428 • Seasonal Analysis show EXY remains Bearish in January 60% of times. • DXY is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605 • Monthly Seasonal analysis shows DXY remain Bullish in January 60%. • EXY remained Bullish in...

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Price action has successfully broken the descending parallel channel. We can see Price has tested the Channel support and Resistance line on several occasions. Bullish indications Price action is achieving new Higher Lows and Higher Highs and a breakout starting from the median line of the channel is a good sign. Price has respected Fib level 61.8% which is...

adnanmagsi Updated 

Bearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at...

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Bearish Indications • Resistance Zone at 0.68708 • Double Top and failed to break the RZ • Fib Level 23.6% as the Resistance level • Gartley’s XABCD pattern supports a reversal in the area of 0.68587 • Seasonal Analysis Shows CXY remains Bearish over 50% in December month • Seasonal Analysis shows SXY Remains 80% Bullish in December Month. Bullish...

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Bearish Indications • Overall Trend is Bearish • Resistance Zone at 0.93693 • Fib Level 61.8% as the Resistance level • Gartly’s XABCD pattern supports a reversal in the area of 0.93923 • Seasonal Analysis Shows USD remains Bearish in December month Bullish Indications • HHs and HLs on 1Hr Timeframe • Bullish Engulfing • Trend Line is working as...