Bitcoin has been a topic of interest for investors and traders alike since its inception in 2009. Its price has been volatile, with extreme highs and lows, making it a risky investment option. However, the long-term view on Bitcoin’s price seems to be positive, with many experts predicting that it will continue to rise over […]
Bitcoin’s Price Will Continue to Rise Read More »
The price of Silver, one of the most heavily traded precious metals, is at an interesting point. Because the B wave of the weekly correction is potentially over. Long-term forecasting of the silver chart is no easy task because: Preferred Elliott wave count and forecast of the XAGUSD weekly chart This is my preferred count as it
Silver long term wave analysis and forecast Read More »
Silver weekly correction continues with the ZigZag in progress as the Y wave. Although multiple alternate counts are possible at this moment in time, it seems a high probability that the current bearish wave is a  wave C. Whether the Y wave should complete with the ABC or the ABC is part of a larger
Silver could go through the floor Read More »
GBPUSD with a different vantage point Reading a chart is not so easy. And even so difficult when higher timeframes show a completely different story.  That is why top-down analysis has considerable preference among traders. Monthly view with the TradePips custom indi It is obvious that the trend has been (and still is) bearish for few years
A play in the GBPUSD with TradePips custom indicator Read More »
It’s been a while since my last post. It’s because I have been quietly developing a custom indicator to spot directional bias as well as subtle changes in momentum for both directions. Let me just say, the results are amazing in testing and you can have a peek at it in this very post. Obviously
Where is EURUSD heading? Read More »
It has been a while since my last update on this blog. Due to obvious reasons, I have been quietly watching the markets from the sidelines. A month after trump trumped the whole world with a surprise, forex markets have not yet fully absorbed or adopted to new conditions of the global currency. Post election volatility This chart is pretty much
Post election volatility and upcoming low liquidity – a deadly combination… Read More »
If you are one of those precious metal investors or traders who have bought into the idea of an unstable US Dollar, may be your moves are premature to say the least. Buying precious metals is a good investment at any economic condition. Only if you do it as a long-term investment. But for trading purposes, weakness
US Dollar crash? Not so fast, perhaps the exact opposite… Read More »
All major forex pairs are quite naturally influenced by the US dollar. The problem with the current market conditions is that the US dollar is in a ‘long term’ corrective structure. An important characteristic of ‘long term’ structures is that more often than not, it embeds impulsive-looking waves to both sides on shorter timeframes. Hence, failure
Update on Major forex pairs, where are the markets heading? Read More »
Wave analysis is the new trend in technical analysis. Well, it’s not new but the spin off version from the original Elliott wave theory has received much credibility in the recent past. Specially among the Tradingview community. Tradingview might not represent the complete demography of traders. But I believe it does have a large user base of new retail traders. So any effective system, strategy
Wave analysis and outlook for major currency pairs Read More »
Why follow Euro pairs closely? Being one of the biggest economies in the world, Euro has a significant impact on other currencies. When forex markets are in highly volatile conditions, many a times the dominant factor is one of the following 4 currencies –Â US dollar, Euro, British pound or Japanese yen. These currencies have an
EUR crosses – wave analysis and long term view Read More »
