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 |
China's Currency Trick خدعة عُملة اليوان
China's priority to make the yuan a lending currency instead of a reserve or invoicing currency. Here is what/why it means.
Latest Charts EURGBP & Gold مخططات
Here are the latest levels in EURGBP & GOLD discussed earlier with the WhatsApp Bdcst Group.
View Hot-Chart..
on the NYSE the internals were as below
Up Volume 1160 m
Down volume 63 M
Advancers 2546
Decliners 495
New highs 213
New Lows 1
If you divide up volume by advancers you will get 0.45 M- i.e. on an average each advancing stock was traded for 0.45M in volume. If you divide down volume by decliners you get 0.12m only. Therefore advancing stocks were traded nearly 4 times more in volume than declining stocks - that is about as bullish as it gets.
Google ARMs Index (trin) and other internals like A/D breadth and line etc. to gauge internal strength of the market.
I beleive GBP will go to 1.7 - but that is the trickiest one to call as GBP has a number of times decoupled from the risk rallies.
EURUSD heading to 1.6
USDCAD to 1.03
GBP to 1.7
AUD to 0.94
NZD to 0.76
S&P to 1150
all in the next 2 weeks
should be over 1200 by year end - has momentum, central banks will look to buy as the Fed does not show any inclination to raise rates and the dollar continues to devalue
Do you see the down trend intact in USDCAD or do you see a break upwards
thanks
See chart - GBPUSD will breakout this week one way or either from this triangle like formation - whether it will be a strong move I can't say - will depend on equities and more importantly on the BOE cash rate decision.
Check this link outhttp://www.forexfactory.com/calendar.php
u can see when the rate decision will be. Within a minute of the release u can refresh and will see a green disc which if you click will give you the number normally within 15 to 20 seconds of the release
this calendar can help you keep track of all announcements, u can change the time zone to your own as well as filter the results in terms of potential impact and which currency u want to track. also you can read details of the release and how they could impact the currency as well as see a graph of the last couple of years data related to the release.
Good Luck
In my opinion H&S patterns perform better on daily and weekly charts. However, on your 5 hr chart I can see a clear down trend.
Good Luck
bias remains bullish - however break above 1.6730 will confirm.
aussie and euro could reclaim .93 and 1.5 in the next day or two
Staying away from GBP crosses for the time being