Is Silver(XAGUSD) Ready For Trend Change?

free forex currency xagusd silver chart calls

Silver(XAGUSD) has formed a downtrend channel for more than 48 weeks. Price has made a high of 30.03, and sellers entered the market.

Price Action Perspective:

Price has made a series of Lower Highs and Lower Lows, and the control line gives nine touches.

According to Dow theory, if the price breaks the previous LL, it will make a new LL. The upper band & lower band has provided strong reversals to the price.

After breaking the LL, if the price gives a breakout of the downtrend channel, it indicates the worst fundamentals. And if the price gets reversed to create the lower band of the downtrend channel, the price will march to the upper band touch.

Elliott Perspective:

Price has constituted a corrective structure, where price has completed double zigzag(w-x-y).

It will create the last leg wave Z in order to complete the Triple correction. After making the last leg Z, silver will start a five-wave impulsive wave.

If you are a premium subscriber, you can unlock the premium box for XAGUSD.

Read more

Will Gold (XAUUSD) Reach $2050 Before December 2022?

free forexcurrency xauusd gold chart calls

XAUUSD is forming a triangle on the wave ((4)).

This correction has taken more than 17 months, but the triangle is not over yet. Price has completed wave D of the 4th wave triangle, and wave E of wave A is in progress.

After completing the wave sub-wave A, the price will start wave B & then wave C.

The ending point of wave E is the starting point of the impulsive cycle.

Calculation of wave E:

Wave E can end 100% of wave sub-wave A at 1726.

Wave E can end near previous sub-wave B at 1719

Wave E can end at 100% of wave D at 1704.

Traders can wait for the breakout of the B-D trend line. Note that if the price doesn’t break the B-D channel, sideways will be continued.

Read more

Gold Price 2021 Roadmap – EWT

free commodity gold chart tips

The Gold spot started the bearish Elliott wave on the daily timeframe. Right now, it’s making the 5th wave. It has to cross 1824 – 1800 – 1776 to complete the fifth wave. The fifth wave will complete around 1690.

If there will be the upside breakout of wave 4, then it’s a failure of the Elliott wave pattern. And the target for the uptrend will be as following 1980 – 2000.

Read more

COVID-19 impact on the Indian financial markets, and precautions.

Coronavirus disease (COVID-19)All sectors of Indian financial markets are getting impacted by COVID-19. The total number of 123 countries are affected by a coronavirus. 1.32L+ confirmed cases and 4.9+ thousand people’s deaths reported by this virus.
Data source: WHO (World Health Organization) & National Health Commission of the People’s Republic of China

Not only the Indian market, all over countries’ financial markets fear over this virus. It foothold is everywhere. But it will impact on a particular sector only. Many stocks & commodities will hit the bottom level. Isn’t it a new opportunity for smart traders? Don’t get scared. Don’t divert stocks from a portfolio without in-depth research. Fluctuation is temporary. It’s time for a new buying opportunity.

Hint: oil and manufacturing
To get the best stocks and commodities tips for investing in the current market situation, subscribe now.

Coronavirus disease (COVID-19) Help and Information

Coronavirus information – India
The Helpline Number for corona-virus: +91-11-23978046

Coronavirus disease (COVID-19) advice for the public

Read more

Cryptocurrency BTC/USD is Turing up

free forex btc usd trading alerts

As per the chart, Bitcoin can move upside up to 8200 – 8400 after breakout of the blue line.

Overall it’s under downtrend. BTC/USD will fall soon for 7000 – 6500 – 6000 below levels. Follow the upper trendline for accurate entry.

Additional: start making the short position below the orange line for the above targets

Read more

UPDATE: USD Index reverse mode activated?

[ultimate_heading main_heading=”What had I Said about USDCAD and USDCHF Index (Date: 15-05-2017 @ 03:31 AM, GMT +5:30)?” main_heading_font_family=”font_family:Lato|font_call:Lato” main_heading_font_size=”desktop:32px;”][/ultimate_heading]
[ultimate_heading main_heading=”USDCAD ” alignment=”left” spacer=”line_only” spacer_position=”bottom” line_height=”1″ main_heading_font_family=”font_family:Lato|font_call:Lato” main_heading_font_size=”desktop:30px;”][/ultimate_heading]

I had said “USD/CAD has paused after sharp reversal off 1.32604. Hourly resistance is given at 1.37513.
You will see 1.366169- 1.364266- 1.36008 levels soon.”

USDCAD HIT ALL TARGETS (1.366169- 1.364266- 1.36008levels).

[ultimate_heading main_heading=”USDCHF” alignment=”left” spacer=”line_only” spacer_position=”bottom” line_height=”1″ main_heading_font_family=”font_family:Lato|font_call:Lato” main_heading_font_size=”desktop:30px;”][/ultimate_heading]

I had strongly said
“I will not take your much time. Just keep in mind these levels: 0.99563-0.99081-0.98655.
Resistance: 1.00549.
Must note: USDCHF long-term, Technical structure favors bullish bias.”

USDCHF TOUCH TWO TARGETS 0.99563-0.99081levels.

You want FREE Forex trading tips in your inbox before markets opening bell?
Just visit: Free Forex tips to Get costless Currency tips, news and learn technical analysis without any cost.

Remember, paid subscribers always get more benefits and access. Go here for: Premium Forex tips

If you have any questions or concerns about Forex, don’t hesitate to let us know. For more information E-Mail on [email protected]