U.S. jobless claims were at their lowest level in fifteen years at 262,000 below analysts consensus of 288,000. This surprise would suggest that the labour market is recovering which would be positive for the U.S. economy. Such improving US metrics build the case for higher rates from the Fed. Speculators may wish to defer GOLD purchases until Non Farm Payroll...
Fib level 0.764 converges neatly with a weekly trendline that began on 15th July 2014. Significant because it marked the star of the decline of GBP/USD from highs not seen since 2008. See chart for entry, exit and stop levels, Potential for a swing trade to the downside from around exit level, targeting 1.5100
EUR/USD Looks Decidedly Bearish : Short to 1.11018 : likely to see a mild retracement at this level, so perhaps a good spot to exit and take stock ;0)
Time to Short GOLD again, Bearish pennant calculation Takes price down to 1146.54
Acernomics say its time to short Aud/Usd From 0.78682. TP 1 at 50% Retracement at 0.7700, also the current level of 200Ma. Enjoy the ride ;0)
Short EUR/AUD From 1.38158 Take Profit at 136619
ZAR/JPY about to enter the twilight zone..... good short
USD to move UP after pullback to 97.74
Next destination for XAUUSD is at 1189.17. Try as it might, price will NOT be able to resist a test of this MAGICAL level..... perfect convergence of H4 100 & 200Ma's, very rare occurrence Short Gold at 1196.8975/.90 Take profit at 1189.00
EUR/AUD UPDATE: Hold short down to 1.38339
Long EUR USD from 200ma, currently at 1.0952, take profit at 1.11000
Time to Short at touch Of Trend line : Easter Gift target = 50% retracement level at 1.40185....This is also the level at which 55 & 60Ma's converge
SELL AUD/USD from 0.236 Fib level at 0.76716 Take 146 pip profit at 0.75255, place stop at 0.77364........ Slightly more than 146 pips might be available, but you don't want to be clinging on for the sake of a couple of pips, at the point where the world and his wife decide to exit at the same time and trigger a reversal that then eats away at your profits....
Short GBP/NZD From a touch of Trendline X, take profit 1 at 1.95563
SHORT USD/MXN with a vengeance from 15.27387 and hold LONG TERM TP1 at 14.04200
SHORT USD/MXN with a vengeance from 15.27387 and hold LONG TERM. TP1 at 14.04200
MY VIEW ON DXY SHORT THEN LONG : Follow The Arrows, follow the money ;0)