Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Yeah, it looks to be holding strong - but I feel if it holds, I'll still have time to short it, if it breaks out to the upside - it's off to the races. I'm going to wait a bit and see what Asia brings.
Any suggestions of major resistance for AUDUSD to take it back down once this BIG bounce falls apart - even though that they may be weeks to months. Thanks - thinking 85.50 myself, but 87 doesn't seem far either. Thanks
Thanks for recent calls on AUD/USD - going to do my best to get back in and short it to 78 as you mentioned!!!
CHF - By the way - can I get your thoughts on GBP/CHF please. Would you say it's too risky to short given what looks to be SNB intervention? Or is it now a green light? Thanks, and keep those wheels smoking - much appreciated as always!
I'm long USD/JPY and wondering if you could give a solid support level for the pair. Not sure if I should add to my position at this point. Seems a winner in the long-run, but for now, risk-aversion seems to be crushing it. Any thoughts would be appreciated. Thanks.
Please excuse my ignorance on this whole China Revaluation. How will this affect the FX markets? And USD/JPY in particular. I take it that it would be more USD positive than JPY positive. Thanks.
Regarding USD/JPY - it sometimes seems a tricky pair, though I trade it anyway. If the FOMC upgrades it outlook, do you see this pair rising for obvious reasons, or falling because of risk aversion via equity declines? Though I suppose equity declines would be dependent on rate hike expectations, which could be the same as an upgraded outlook.
Also, why don't you see it surpassing or reaching 95.00? Is that because you expect risk aversion to set in due to overstretched equities heading for a correction? Thanks a lot!