Ashraf, do you see this euro strength lasting? I mean the last time I looked the fundamentals here in Europe weren't looking so great. Rising unemployment, falling prices and Sovereign debt downgrades to say the least. Some big numbers out next week,IFO business and GfK consumer numbers as well as CPI and jobless figures should make for an interesting week.
Hi Ashraf, hope all is well. So we have a 2nd down day of the indices in the making, so maybe the correction is on the way. I've longed the GBPAUD pair today anticipating a short term run up to the weekly M4 pivot point at the 2.0500 level, I don't know if you use pivots at all. Also it the 4hrly 200ema i'm using. I will however take profit at of the table at previous support around the 2.0240 level. Unfortunately I missed that pullback on the AUDNZD yesterday to the 1.2700 level, that would of been a very nice entry for a short for a retest of the 1.2500 area you were talking about. There's a lot being said now in the news about a possible correction coming. rgrds
Thank you Speculator and Ashraf. Also I see that you pointed out that we are close too the 200ma's on the S&P and DOW and already there on the FTSE, so technically we should see some profit taking at these levels, hence a decent sized correction. rgrds
Hi Ashraf, This is my first post on your site,really appreciate your effort. I think every trader should have it in their favoursites for sure. Can I just ask what makes you so bearish on equites? Maybe i've already missed posts on your reasons. Thank a lot
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
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إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
I'm with Houram on this one, 1.3800 seems a tad to far, i'm expecting a pullback to the 1.4000-1.4200 region before we see our next leg up to 1.5000.
Adam
Do you or have you traded the GBPAUD pair? As far as risk aversion trades go how does this fair up against the others? Tks & rgrds