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 |
Gold's 10, 38, 5 Pattern
You know about the 10%, 38%, 5% pattern in gold if you watched any of my recent videos. If you have not, here is the latest update on the pattern in light of gold's reclaiming $2000. And the latest on AUDUSD. Watch full video.
Gold, Bitcoin, USD Combo
I mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
View Hot-Chart..
The recent range of 1.58 - 1.64 is broken on the downside, which is likely to set a new lower range for the pair. Expect 1.54 or even 1.50 level.
Any comments?
All JPY crosses are showing some signs of exhaustion and it likely to cap the upside of USD/JPY below 84 for the time being.
Technical development of USD/JPY in hourly chart may point to a short term retracement.
Thus, Ppl already long USD/JPY may think of taking profit at 83.60, and re-enter the position if the pair trades near 82.00 again.
A likely double bottom and neckline at 1.6420.
Receding speculation of QE expansion from BoE supports GBP, while the rising risk aversion limits AUD upside.
Any comments?
What's your view on CAD/JPY?
Seems that the pair found strong support at around 78.50 and ready for 81.00 in the ST.
Gold/oil ratio (falling) points to a stronger oil this week, with Friday's Canada GDP (look for a positive growth), CAD is benefited.
In addtion, a tiny upside for JPY only as it trades near 79.78/80 level.
Thanks!
Justin
No one will exit the euro-zone, as the cost is too expensive.
Love your EUR analysis. Do you think the 1.27 target will come earlier than your forecast?
Justin