Weekly Market Analysis for Learning Purposes Only ( Urdu – Hindi )

Introduction

Welcome back to another edition of the Assalam Alaikum Traders Weekly Transaction Analysis. I am Riaz Hussain, your host on the Trade Riaz YouTube channel, where I share useful tips and trading strategies with you. Every Sunday at 2:00 PM Pakistan time, I discuss my personal trading strategy and technical analysis using selected pairs that you, the viewers, have chosen. In this article, we will review the analysis from the past three weeks and explore potential trading opportunities for the upcoming week.

Current Market Analysis

Let’s start by analyzing the current market situation. Gold and Forex timeframes are our focus because we refer to them for swing trading. We dedicate our time and identify important areas within these timeframes where we can find trading opportunities. In the previous three weeks, we have been conducting continuous analysis together. So, you have an idea of our most recent analysis.

Currently, we have observed that the price has broken the most recent fire low after struggling significantly. This indicates that the price is likely to change its trend. We had two indications for this: firstly, the price did not extend its high significantly after breaking the previous high, and secondly, the gold trade might be undergoing a change, although the time frame for the change has not yet occurred. The price is still unable to break the steel can do level and is showing some resistance. Therefore, we need to wait for the price to break this level and then look for potential short trades.

Another interesting area to watch is the Euro. It is currently testing the previous support zone, and if the price starts to move upwards from here, it can provide a good buying opportunity. On the other hand, if the price breaks this level, we can look for potential short opportunities. Let’s find some trading opportunities within these levels.

Potential Trading Opportunities

Based on the current analysis, we can identify two potential trading opportunities:

1. Gold Trade

The gold trade is currently testing the previous support zone, which can act as a significant resistance level. If the price breaks this level, it can provide a good selling opportunity. However, if the price continues to stay within this level, we need to wait for a 15-minute timeframe to find a sealing opportunity. Once the price breaks this level and provides a sealing opportunity, we can expect a short trade.

2. Crude Oil Trade

The crude oil trade is currently in a minor trend, and it has not yet converted into a proper buy trade. However, if the price breaks the support level of 73.73 to 74.46, we can expect a good buying opportunity within this range. On the other hand, if the price breaks this level, we can consider selling it. Until then, we need to find sealing opportunities within this range.

Frequently Asked Questions (FAQs)

Q: Are these trading signals guaranteed to be profitable?

A: No, my analysis and trading strategies are not guaranteed to be profitable. They are based on my personal knowledge and experience. It is important to conduct your own analysis and follow your own trading strategy.

Q: How often should I refer to the analysis provided?

A: It is recommended to refer to the analysis regularly to stay updated with the market trends and potential trading opportunities. However, it is also important to conduct your own analysis and not solely rely on the provided analysis.

Q: Can I use these trading strategies for other currency pairs?

A: While the analysis and strategies discussed in this article are focused on specific currency pairs, you can apply similar principles and techniques to other currency pairs. However, it is important to consider the unique characteristics and behavior of each currency pair.

Q: How can I improve my trading skills?

A: Improving your trading skills requires continuous learning, practice, and experience. It is recommended to educate yourself through courses, books, and online resources, as well as to practice trading in a demo account before risking real money. Additionally, analyzing your trades and learning from your mistakes can also help in improving your trading skills.

Q: How can I manage my risk while trading?

A: Risk management is crucial in trading. It is important to set stop-loss orders to limit potential losses and to determine your risk tolerance before entering a trade. Additionally, diversifying your portfolio and not risking more than a certain percentage of your capital on a single trade can help in managing risk effectively.

Conclusion

In conclusion, the current market analysis suggests potential trading opportunities in the gold and crude oil trades. However, it is important to conduct your own analysis and follow your own trading strategy. Trading involves risks, and it is essential to manage your risk effectively. Continuously learning and improving your trading skills is also crucial for long-term success. Stay updated with the market trends and make informed trading decisions. Happy trading!