Gold test crucial fibo level. If it menage to break we can expect 1200 in coming days. If not, if it find support here above 1230 you can enter long positions and expect again bullish trend. SL for long be should under 1230, and if price break this level for short positions SL above fibo levels. The market senses a Fed hike is coming in June and gold is bearing...
OANDA:NZDUSD looks like its forming a nice floor where a lot of key technical levels and indicators are at. 4H Moving Averages: OANDA:NZDUSD was able to get above key moving averages in the 4H timeframe and it has held well so far. Weekly Higher Lows Trendline: Even after some attempts of breaking the trendline it has held so far and looks like it was...
Hey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.
Chart of the day: USDJPY. Safe-haven buying kicked in heavily Tuesday, also giving a boost to other local Asian currencies. Geopolitical unrest levels have risen substantially over the last few weeks: Syria, N.Korea, Russia and this has led to a move to buy those 'safer' assets. Gold, Yen all should benefit from the uncertainty. On the Kagi chart the Yen is now...
Gold could be a great very long-term investment entry to hedge against a crash of the "S&P 500" in the year 2017 and beyond, after the election of Donald Trump. Here is my original "Gold" chart I made 5 months ago. The price of my lower entry arrow has been reached, plus the time window has been reached, which is why I publish this reminder. This chart is posted...
Waiting for the pullback and looking to get in long.
After the rally in both USD and big US indices it's time for profit taking and rebalancing portfolio's going into the new year. This will pull indices down and make the yen as a safehaven benefit. I Believe this is a good shorting position since it's trapped in a range for now.
As Trumps victory is now being digested, markets appear to be warming to him , however still early days and Obama is still president. My projection is very bearish on silver as we see investors rushing towards stocks and bonds in the next few weeks , believing the Economy will be ok. Or is it?? Shorts in play for time being.
It seems like the Dollar is a better safe haven play for investors. This is largely in anticipation of a rate hike towards the end of the year. In the near term the 106.00 level works for me.
Gold Positioning - Buy @ Market; 1350TP1 1370TP2 - 1 lot (small) and add double every daily close lower - 1lot, 2lots tomorrow, 4lots the next day: 1. Risk sentiment looks to be turning south, particularly in US equities which have seen monthly lows which is consistent with the broad equity valuation correction lower that i have been expecting for the past few...
A breakdown of USD/JPY with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
Interestingly the RTRS poll for Aug has a bullish near-term bias for $yen vs in July - my opinion is contrary to their poll as the BOJ and JPY MOF failed to deliver the hype expected/ promised this past week - i think 101/2 is much more likely for the next 3 months vs their 103.8. Comments from PM Abe, MOF and BOJ minutes that we observed in the Asia session were...
BOJ Miss: 1. BOJ deliver one of the biggest misses in history (vs expectations/ pressure) - only increasing ETF purchases and dollar funding by apprx $60bn annual in total vs 10-20bps of Depo and LSP cuts + 5-20trn in QE increase + ETF increase. *See attached post for in-depth detail on the BOJ situation and price action history/ Yen strength/ Safe havens* ...
BOJ - 3trn increase in annual ETF Purchases + $24bn increase in USD funding for banks 1. The BOJ on Friday delivered a shockingly poor package, imo they changed the snallest part of their current QQE programme. 2. What was interesting though was the markets reaction - immediately after the decision $Yen spiked higher then lower to 103 level but from then and...
End of Week Summary: 1. On the week we saw risk outperform safe havens for the first time since the brexit vote and the SPX and DJ30 set new all time highs by 2% and 1.2% respectively - somewhat encouraging given this was the longest period post-crisis that equity indexes have had since new highs, with a total time of apprx 1 year. 2. Given the articles...
The current U.S Coincident-to-Lagging Indicator ratio is significantly below housing-crisis levels.
XAU/USD - On the look out for bullish exhaustion so prices can pullback for RHS - Top of the monthly Bollinger band in line with 2015 January high $1307.5 - perhaps resistance there - Another potential resistance stands at the 50 monthly MA which currently trades at $1343 - in line with long term downtrend line - If this trade works out, look to sell in a blow-off...
Follow this chart for decision between US Treasuries and Gold.