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.
it may be a wrong technical assumption from my side.....but I just attached the available (5hr) chart here of USDYEN which i took as H&S pattern. If i am wrong I am sorry again.
Regards,
Rajib.
I short gold today just now at $1061(COMEX,DEc). Is the latest rally in eurusd seems to be unsustainable in nature?
Regards,
Rajib.
yes...Yen again falling. But it wil be much interesting to see how EuroUsd behave.The recent rally doesn't seems to be sustainable. And for US there is a good article from WSJ,u can go through it and hope u will like it.
Regards,
Rajib.
there is a head and shoulder pattern in 4 hours DollarYen chart where the neckline is already taken out at 90.28.And after the breakout by the classical law it again touched the neckline today. I sold at 90.06 just no. I need your opinion, Ashraf.
regards,
Rajib
can gold able to break $1017 in coming days?
regards,
rajib.
can eurousd able to give a close above 1.50 in daily basis?as far my technical view is concern, this journey should complete around 1.4920-50 range. And is gbpusd vulnurable for a deep correction again from 1.6650 range?
regards,
rajib.
in the current rate, can i go long in AUD/NZD?
Regards,
Rajib.
Even Prechter has same view on Dollar index and equities. Even if we dont take Elliot wave as reference, the positive Divergence can be seen clearly on Dollar Index daily chart(with MACD or even with Stoch). Personally I have short positions in DOW fut,crude and in oil, so this may be the reason for my tilt towards bear camp.
and as far Elliot wave is concern, its bit of a underestimation if one say that Elliot can be defined only after occurrence. Fibbo and wave can even be used for initiating a position and believe me, it works.
rajib.
Rajib.
got oil short at just at $81.00.will it be good trade?
regards,
rajib