TheLurkingVariable

TheLurkingVariable

I think gold could be set to pop, especially considering I expect a pullback in USD. However, I am a bit concerned about whether or not that support line will hold. If it doesn't, I don't see any reason to be long. however, if it can hold that trendline, 1360 isn't hard to foresee

TheLurkingVariable

Looks like the dollar is set to weaken, and I expect to see a bit of a drop over the next few weeks in usdjpy

TheLurkingVariable

The dollar looks set to weaken, and I think we'll see a decent swing to the upside over the next few weeks in eurusd.

TheLurkingVariable

DXY seems like it will need to pullback before going higher. Not to say that it won't go significantly higher after the pullback, but for the time being, it seems to need to pullback. Go from there

TheLurkingVariable

Seems like the worst is over for the dxy,so I'm betting that we see mostly sideways mvmt at worst and upward mvmt at best near-term

TheLurkingVariable Updated 

USD looks good for a bounce.

TheLurkingVariable

If you like the dollar index long, this could be a great entry point if you haven't already entered.

TheLurkingVariable

The dollar seems to want to break out of a cup and handle

TheLurkingVariable

Just want to reiterate my earlier recommendation: the cup and handle seems to be taking shape and it looks good long. Just try to find a good entry.

TheLurkingVariable Updated 

Longing if it gets on top of 111, very very tight stop

TheLurkingVariable

I published an idea last week about a possible cup and handle for USDJPY and it appears that it may be a good time to resume upward now. I could not say buy now at that point because of the hard run-up on the daily, but more and more, it looks like the dip is finished/finishing...I'm gonna be looking for an entry long here any moment now, could be getting in on...

TheLurkingVariable Updated 

The S&P and NASDAQ are ready for liftoff, it seems. However, there could be some difficulty for the futures price to break 2400 (or maybe not). In any event, looks good on the daily, but try to find a good entry. I got in around 2393 for the futures price (so 2397 or so for the cash price), so just be careful getting in when the futures price is around 2400, could...

TheLurkingVariable Updated 

Nice time to enter, especially if you like the daily view

TheLurkingVariable

It is possible that we will get a cup and handle formation. I have drawn the cup, the handle is JUST TO DEMONSTRATE the structure of the pattern, I'm not necessarily suggesting that the price will stay in the handle as I've drawn it.

TheLurkingVariable Updated 

on op of b/o line. from looks of 1h chart, stands a good chance of success

TheLurkingVariable Updated 

seems to have stabilized on daily

TheLurkingVariable Updated 

Long Gold at 1228

TheLurkingVariable

I put two possible breakout lines that the market may be looking at.