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..
resilient indeed.. but 6040-60 area did not get tested sufficiently in my view..
so maybe just above 6300-20 for now before that test.. after that maybe 6500-50 or even 7000 possible..
fyi
Friday's CFTC data shows that as per April 24, speculative
accounts had a net cable long of +7,536 contracts, versus a net short of
-13,051 contracts last week. Mary Nicola, strategist at BNP Paribas
notes that this is the first net speculative long since August 2011.
"We continue to favor euro-sterling downside," she says.
btw dave came across interesting view.. cat probably couldn't agree more with this..:-)
"As a market moving to Algo Trading and Robo Trading; how EW will work in such situation; EW all about the Trader behaviour on price action and their emotions;;; Are we calling this EW will end soon"