What are they hiding in COT Report ?If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks ,
I tried to analyze the Last three week COT report on GOLD published by CFTC.
On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green colored path) move after that week .
On 31/01/2023 the COT report showing Mixed view as smart Money managers were adding money in Long and Short both and we have seen some bullish moment (You can see the blue colored path) and then bearish move from Gold.
In Latest COT report Published on 07/02/2023 it was very clear that they covered there long positions due to which that COT was totally bearish and we have seen a big decline after that Data (You can see the Red colored path) .
Still we don't have latest COT report report and we have to rely only on this old data, rest you know what they hiding and why they are not able to publish the COT report timely as this data is very useful for retail trader to get some insight of smart money managers.
J-DXY
HIGHER HIGH HIGHER LOWDXY is making higher high and higher low on monthly chart. It has bounced exactly from last swing resistance. If it holds 102 on monthly closing basis then 120-122 is feasible in coming 6-9 months. Not good for equity and commodities. Pressure will be on countries highly dependent on import. Break of Feb month's high will be first confirmation that bottom in DXY has been formed.
AUDUSD SELL POSSIBILITY 15.02.23 UPDATELooking for possible selling continuation on the pair to retest the previous support lower.
This will as well be as a target point of the target for the bearish flag.
A 2hr break below the support at 0.68610 would be a good confirmation on the sell bias of the pair and act as an entry point of the trade
A break and close above the resistance at 0.69970 might signal a push higher and will invalidate the sell bias
XAUUSD Setup for Next Week If you get any reversal pattern, you can sell XAUUSD NEar 1942-44 and one can buy near 1918-20 if they get any reversal pattern in 5 min chart like Hammer folowed by engulfing candle.
If it breaks the 1915 level on closing basis, then we may see 1890-1865 level very soon. I am expecting that after touching the price of 1944, it will touch 1890-1865 level for a bigger upmove.
XABCD PATTERN BUY : 152 TO 123
TARGET : 274
Reason For Buying This Script :
In this stock it has broken the double bottom neck line. Once price close above 274 and the next target up to 396.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
DXY DowntrendOn Weekly Basis:
Dollar Index (DXY) reversed from high of 114.77 There is a support at 102 on weekly charts. DXY entered into bear cycle as there is a Death Cross where 50 DMA crossed over 200 DMA downwards. One can be cautious and it may provide a good chance of pullback in bear cycle. It is a sell from long term point of view. There is a death cross over at 200 DMA, happened on 1st week of January, 2023. It is reaching an oversold position. It may pullback to 104.50 but charts look very pessimistic.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Very Crucial Level for Dollar #DXY #Dollar #Gold #XAUUSD Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
DXY MACRO ANALYSIS dxy monthly and weekly looks bearish, indicating an end to a 16 months up-trending chart. This could mean a great year for cryptocurrency and /usd pairs ( posted a swing gu chart analysis earlier )
i'll be taking most trades in confluence with my macro bias for dxy hence mostly playing longs on crypto and /usd pairs in forex from now unless my idea (as pictured) gets invalidated.
2023 will be a great year inshallah!
DXY must keep watchTVC:DXY
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.