EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
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.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Personally I am long this pair since recent lows (bellow 1.2000). In my view, schizophrenic markets are going to "it's all right, it's o.k." mode soon, and we going to hear some creazy reason why it's good to buy risk again, and how it is all "just a bump" to a rocky road of recovery.
My question is; What is really new about Greek problem? If you would bring the astronaut that spend year in a space station, you could fool him that he was just a few days by showing him the financial news from last summer.
Markel is worried, and so is Trichet, Papandreou is saying "we'll solve it", they working on a package, greeks are not happy, they are protesting............bla bla bla.
in short;
buy fear, sell greed. vix will go down next week.
what would get me really worried; protests in Germany !!!
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p.s.
I love the comments about oil; oil is down because........ oil is going up because.......
:-)
weekly chart says it all.
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not a bit surprised. I was wondering why you have not done it before, but I am sure that you had a good reason.
Wish you all the best with the new business, and of course, I will continue to follow best analysis on the market.
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weekly and monthly chart are set up for reversal, so will follow for developments and hold for more gains.
Looks like people are selling everything to buy Euro..........or cutting shorts.........
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I understand that EUR/CHF is not your hottest topic lately, but it would be nice to hear your view about this pair medium to long term.
My position is LONG for the medium term. Monthly chart shows divergence, Weekly chart shows bottoming + candle pattern ( 6 weeks lower lows then inverted hammer), Daily shows signs of solid bottoming.
Besides technical, isn't this level waaaaaay to low for SNB. would anybody be surprised if they "jump in" again ?
Last thing, how can Swiss business survive in such environment. Everybody has to have a "bottom line" somewhere. There is a big drop in currency from the last year, when SNB was defending 1.45-1.50 level
Thank You
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don't be so quick to criticize. we all get mad when things don't go our way, and to point when someone makes a mistake. Bad calls are commen in this business, almost as good calls, and all of us are trying to have more good ones than bad, so we can survive and make money. I want to point out that Ashraf's call is still good for AUD/USD, but the one (trader) has to define it's comfort level of risk/reward and STICK WITH IT. Otherwise it is impossible to trade the market, at least successfully.
It is not necessary to point out Ashraf's good calls, they are all in this website. He does not remove any calls good or bad. Sum them up and you decide does he deserves respect or not ?
I wish you good luck, and good trading
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p.s.
I don't wont to even mention Ashraf's info on twitter. Sometimes he is faster than newswires. Who else does that ?
az sqm vqv Phoenix, ti kade si ?
@ Stingle
yes, I trade London, and other markets............. basicaly I trade "only" in my awake hours :)
Since Ashraf is covering markets "only" when they open, I have feeling that I am going to miss something.................. The man is without competition........
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do you still see 1.25 in EUR/CHF ?
thank You
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