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 $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
Great analysis, as always. What is your opinion regarding the effects of geopolitics that could heat up in the middle east, would it strengthen the USD? What if crude oil goes up because of the tensions? Will the CAD be strong again?
I hope the tensions will ease, I have many friends there.
Not sure if we will go below 1.38, may be 1.40 if we see a correction of equities in a few weeks. My target for year end is above 1.50
Asad has mentioned a few good points, I may add a few points to that from my own experience, whichever trade you want to enter, before trading understand the WHY. First of all you will get the confidence and 2nd you will know where to place your stops and exit points. Other point try to go for higher reward/risk ratio. 3rd sometimes when a trade is going well let it run and push your stop to the entry level or +ve territory to give you a risk free trade.
Good luck
I recommend you to use Stock Twits Desktop for posting your positions entries. Most people post under the Forex section and it's fun too
Yes I agree, I will go long NOK and AUD some day too but against USD. For me right now it is too risky as I tend not to take much risk when things are a little bit uncertain for me. Good luck
I think you meant going long JPY when equities go down! Which pairs do u trade most?
0.01$ move in oil = 1$ at cmc markets