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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Good night and have a good weekend everyone.
That Ben is going to get a shave
King will lose 40 Lbs
and Trichet finally get to get laid :D
EUR/USD: Early Foray Into 1.2890s Proves Short-Lived
The early European EUR/USD foray into the 1.2890s has proved short-lived, with trading only managing to hit a 1.2890 low before the dip attracted better buyers. As a result it has returned to the comfort of the low-1.29s, with supply still tipped to trail from the 1.2920s to the 1.2955 overnight top. Short-term profit-taking cannot be ruled out heading into the weekend but topside targets around 1.30 continue to be mentioned.
GBP/USD: Toying With Key Weekly Resistance.
A wall of offers reportedly that sits just ahead of the 1.5500 level looks to have spooked the market away from Thursdays late 1.5479 highs and set up a softer start to the Friday session. Suggestions that the combination of heavy currency option protection and sizeable UK corporate supply could are keeping the cross below the 1.5500 level into the weekend. Good sized bids are rumored to sit tight under 1.5400. With EUR/GBP just about clinging to an underlying bull trend it is anticipated that GBPUSD will mirror EUR/USD today. For today a range of 1.5390-1.5490 is seen with risk to 1.5525.
USD/JPY: Pip Shy Of 9-Month Lows, Stops Above Offers Into 87.50 USD/JPY traded to a 86.27 low, a break of the 86.49 the 9-Month lows. However, the pair has again failed to cement the push below 86.00, with trading recovering back above 87s. Smaller intraday positions will be cleansed if the Dollar rebound continues, with orders noted above the offers into the 87.50-area. EUR/JPY offers in the 113s are back in focus following the latest Euro gains, with 113.40/50 key to the topside into the weekend.
AUD/USD: Lifts Intraday But Uptrend Running Out Of Steam
The Aussie was back under pressure overnight. AUD/JPY selling in Tokyo, reportedly related to the new Japanese margin rules, was a main driver of the AUD/USDs fall. AUD/JPY we sold off from around 78.25 to 75.10 before demand into the figure helped like wise. 0.8745 bids propped and the pair is currently lifting close to the 0.8700 mark again. Worse than expected Chinese data has weighed on the Aussie the last few days and the technical picture also suggests that the uptrend in AUD/USD could be running out of steam. The bearish price action overnight from the open has traded close to the 10-day Moving Average (0.8718) and reaction to here is now key.
Short positions below 107 with targets @ 103.3 & 102 in extension after that 100. The RSI has broken below its rising trend line, the pair is under pressure and is challenging its support.
how ever a break of 131 will open doors for 136 next
just as a break of 12240 made room for 118 area
When rates flow wildly demand is always elastic
but one thing we can be certain of if that USDindex falls below 80 again
you can be certain that the Euro down trend has ended.
So far this weeks break out has been a significant one to start and up trend.....
Where Xaron by the way, haven't him in days, me and him need to do a victory cheer :D
Bullishness in the pair continues as the price breached and closed above the upper channel line that the pair has been trading in since early June. The close was also above the 100-day simple moving average line. The 10-day RSI is sloping sharply higher, indicating that the momentum is to the upside. Near term resistance for the pair rests just below 1.3100.
GBP/USD
The pound was a strong mover in yesterdays trading as the cable closed above the 23.6% Fibonacci retracement level for the long term downward trend, as well as a close above the long term downward sloping trend line that began in July of 2008. Traders should be long on the pair with a minimum target at the resistance level of 1.5520.
USD/JPY
A significant drop in the value of the pair was registered yesterday as the pair fell as low as the support level at 87, the year to date low. The downward momentum looks to continue as an absence of technical resistance on the charts could move the pair as low as 84.80, the November 2009 low.
USD/CHF
Yesterday the pair breached below the near term resistance levels of 1.0480 and 1.0430, ending the short term consolidation that the pair had experienced. The next target for the pair will be the 74.6% Fibonacci retracement level from the previous bullish trend at a price of 1.0350.
and now The Wild Card
Oil
The daily chart shows two candlestick patterns that hint to a slowdown of the recent bullishness of spot crude oil. Wednesdays trading ended slightly higher but formed a doji candlestick, signaling potential short term weakness. Yesterdays trading was more volatile with the pair falling as low as the support level of 75.80 and rising as high as 78.06, forming a long legged doji candlestick. This shows indecisiveness on the part of traders and signals wavering support for the bullish move. CFD traders may want to tighten their stops on any long positions they may have in spot crude oil