Over the past year this pair has been forming a very defined triangle. The levels of 121 and 122 are very relavant and will likely be triggered many more times in Q1 of 2016. However, as the FED in the US have begun tightening their monetary policy and the BOJ has continued their loose money agenda, we can expect the long term upward trend to continue for the...
Pretty sure that everybody agrees. In the long run the value of gold will always rise, but the trend at the moment is extremely bearish. Looks like we have heavy support coming at $1000 per oz. However, if it gets there, it could easily take out a bunch of Stop Losses that are no doubt sitting just below this level.
The best strategy that I can see is to...
Adding to the bearish trend, we can see a distinct descending triangle forming on the 4 hour chart. As we know $80 is only a psychological barrier. The fact that the highs are getting lower indicates that the most likely scenario is that the support will be broken. If it does break through, the next support after that is at 69.50
Very clear upward trend on the Euro. Have heard forecasts as far as 1.5000 by optimistic European banks. We're at the top of the channel at the moment so wait for a pullback before going Long.
Though one of the biggest companies in the world. It seems that they have peaked with the iPhone 4. Unless they come up with some new technology, expect them to be flat around 500 for the next few quarters.
