Marto_Jekko

Marto_Jekko

Gold might have to bounce back to pivot point of 1270 to confirm uptrend above 1400.

Marto_Jekko

It reached the resistance and hold it on it for long time.

Marto_Jekko

Short for GOLD/Silver ratio. Its been at 80 range for long time and if penetrates trough 79 is highly likely to stop at 76 area. Two main concerns with this trade: 1. Price of the gold is high right now and it is possible to drop down to 1220 very soon. 2. On opposite site silver is under\valued and from 16.50 zone it wont be surprise to reach 17.50 and above....

Marto_Jekko

Looks like it is close to break two resistance levels and go down.

Marto_Jekko

It hit double top on 1.60 at the 1 H chart. High possibility to go down and since it is overbought from 1.56-1.57 area it won't be surprise if drops very quickly to these levels.

Marto_Jekko

Flat top on silver 4 hours pattern.

Marto_Jekko

USDTRY is going down again from all time high? I would short it with 0.01% of my account. Main concern is the situation in Turkey.

Marto_Jekko

C might go back :)

Marto_Jekko

This pair looks like hit resistance and will try to retract. Possible to 8.10 USDSEK

Marto_Jekko Updated 

Due to some political concerns over NK and ME. Plus extreme overheated Stock Market we might see some traders to move to precious metals. The rise of the oil is part of the game as well. XAGUSD

Marto_Jekko

GBP is going up on that pair to my opinion...

Marto_Jekko

CADJPY depends on Ivey but looks like it wont be positive. So good drop is expected.

Marto_Jekko Updated 

Silver

Marto_Jekko

Another support on 1.30 to be broken might be? With the free ride down of the greenback it is highly possible.

Marto_Jekko

Probably 1.34550 is the new level of resistance

Marto_Jekko

Apparently if it cant break the resistance of 1.34 it will drop down to 1.337 and might be further to 1.335. It depends how long will stay in the zone between 1.337 and 1.34.

Marto_Jekko

The pair is very balanced since yesterday and event the price of the oil wasn't able to take it out for long. Looks like the Canadian economy is not that strong to dip USD for long. Waiting for 15:30 news today to see what is Canadian GDP for March says. Looks like it won't be another significant jump as February. 3.3% and below means jump for the USD. Happy investing

Marto_Jekko

Not sure after that. This zig zag situation should be disturbed with some news probably.