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 |
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.
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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Glad I had the same view on USD/JPY as you do - though I said a bit higher - 92.30's --- I'm learning, which is reflected in my account balance (both ways) --- anyhow --- would not a Chinese rate hike cause a massive case of risk aversion and hence Yen strength across the board? I'm a little hesitant about going against Yen because of China. Obv. the Jap. gov't should be Yen negative, but if China surprises... Thanks for your time - Rob
Where do you see USD/JPY in all of this? I see it testing 92.30s (in coming weeks) with Fed hawkishness, but then again, if risk aversion sets in, I suppose it could drop. Your thoughts are appreciated.
Do you see USD/JPY testing trendline resistance at 91.60's? Thanks
this is going to get ridiculous if everyone goes back and forth - you win some you lose some, and we are "ALL" glad we have Ashraf as a "mentor" no matter what happens - at least I am. Thanks again Ashraf!
Ashraf, thanks for the great analysis on NFP dynamics and USD and JPY - made some pips (70 or so) - could have EASILY been more if I didn't take profits so soon, but I can't complain about taking profits.
Lastly, can I get your thoughts on USD/JPY short/medium-term? 91.00 certainly seems inevitable by next week - thanks again!
Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.