USDGBP: The head and shoulders top signals further medium term weakness for the dollar down to 0.7452. Look to sell into next dollar rally.
BITCOIN BTCUSD: Update Although it's just hit the next upside target at 1947, exceeding it with an intra-day high at 1955, there is still more to come. Price action over the last week (which we were a part of on the short side at the time, see comments) has shown that Bears don't really stand a chance here. We really had a go last week - and all we succeeded in...
DXY: Dollar Index has come back down to retest the recent lows at 97.43 - support extends down to 97.33 - so some kind of a fight should be expected in this range. The pattern is bearish, still (so only a speccy buy for contrarians with a stop just below 97.30) but be aware that a fall below 97.30 will tip DXY into full-on bearish territory again, signalling the...
Amazon is close to key support at 950. If it breaks it triggers a near-term short as per comment
APPLE:AAPL Apple is sitting still at 152 - big pivot for day traders - it's flashing warning signals given out by the island reversal off the top but cannot be shorted whilst it holds up at 152.
USOIL: WTI Crude Oil Spot - see that pin bar on Friday? They're not called Pinoccio Bars for nothing. This is a buy again, not a sell - if that Pin bar isn't lying. Time will quickly tell. Let's see....
XAUUSD: Gold - was bearish of gold on Friday. Now the wind's changed - completely - 180 degrees due to the Dollar breaking down. This should save gold from further falls as people flock to it as a shinier, safer safe-haven than the Dollar for a while. Worth getting long asap (NY will be too late for this) as Oz opens as the price is so low at 1228 it means a stop...
DXY: Dollar index has broken down and is now facing severe selling pressure down to 96.8, if not to 95.85
Gold has had a bad day and is now testing bull patience to the very limits. It has to regain 1240 quickly now. If it can't manage it and hold up there the technical picture will deteriorate rapidly, and once below 1234 trigger further liduidation of long positions back to 1201, where it becomes a short buy again. Contrarians will be thinking about buying here with...
S and P is beginning to flag at these levels and looks like it needs a kick from the Fed to progress further from here. Be very careful here. We will likely top out between 2390 and 2400 if Yellen doesn't rise to the occasion later today
Cac 40 index is sitting on a knife-edge here waiting for positive news from FOMC presser. Not quite as positive as the Dax but they are both going to move in same direction when it comes. Get ready to go long on a move above 5310 if we see it for rally to 5744 to begin with, then 5865
buy around 1520 sl 1450 target 1650........ We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
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this one is still in the flag formation so I'm watching for the breakout from the flag pattern tomorrow!
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...