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 |
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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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This week be on lookout for a nice short in GBPUSD. The collapse of the key support 1.625 could easily target 1.596 then eye 1.581.
-Jack Dee
The spike in the USD index was a false one. At one point, the data point showed the index at over 77.14. The brokerage houses then had to cancel all the trades during the spike time period. It was a mess. Not sure what the "real" spike value is for today as I am getting different readings from various bank sources.
Also for those reading my post, please re-read. I am not predicting where the dollar will go. I am helping the group be prepared for and plan for a POSSIBLE upcoming scenario. The USD index may not ever breached that level this year.
But since it is close to it and the possibility exists, IF the resistance level gets broken, then a prepared trader will be able to ride the wave of short covering and garner a decent amount of pips. Which is my fondest hope for all the members of this group.
-Jack Dee
There is a HIGH probability that in two weeks or less, the US Dollar index could breach the 76.98 level. Should that occur, many USD shorts will unwind. That usually means the carry trades using the US dollars will have to cover themselves. CADUSD, NZDUSD, AUDUSD, etc. This could also mean the EURUSD but one would get more bang per trade going against the highest interest rate currencies.
The USDJPY would likely go up BUT that is not a given since Yen can also appreciate when risk aversion dominates. So why go for an iffy thing when you can select trades with better chance.
IF USDJPY does go up, that would mean that Yen crosses will not do as well as dollar ones. That is, shorting CADUSD will give you more pips than shorting CADJPY.
When shorts unwind in a BIG way, it tends to be a "short" duration. There will be massive pip movements, so don't be greedy and take your profit quickly.
This is a swing trade scenario to be played out at most a few weeks. Long term GBP can stabilize, EUR can appreciate, and AUD will be at bargain prices. Good luck to all!
-Jack Dee
This is be a KEY week. Focus your attention on the US Dollar Index especially the key resistance 76.98. Break of this resistance will cause MASSIVE short covering. Aggressively go LONG USD except for USDJPY.
-Jack
Sorry, I am not clear on your USDCAD and CADJPY statements. So let me put in my own words and you can correct me if needed. Are you saying that:
USDCAD could move up to 1.0590 then 1.0640s BUT will then go back down to 1.0460 by Wed.
CADJPY could go down to 85.70 BUT then go back up to 87.10.
Just wanted to make sure I understand.
Thanks,
Jack Dee
Here is a humble request regarding your next webinar. For me, a webinar that I would be most interested in is where you walk us through the major currencies and one by one give us your thoughts on their future development in the weeks to come, year end, medium term and long term. Show us the correlations we should be looking for confirming the predicted movements and, most importantly, any future gotchas that we should be focused on that may delay those predicted values or even flip them.
In essence, this is something you are already doing piecemeal through your IMT and tweets. The webinar would give you a chance to summarize it all in a systematic way. Such a seminar series would be of great benefit to me and the rest of the group, IMHO. For example, you could have this type of seminar (same in structure and info) recurring every 60 days. Regular seminar attendees would get quickly up to speed and you can spend more of your time going over updates in analysis and insights since your last one.
Please give this due consideration. And group, if you like this idea, do let Ashraf know.
Thanks,
Jack Dee
If you haven't already, then show Ashraf your support and that you appreciate his continuing efforts on this site by registering for his upcoming webinar. I have just register for it myself.
Heard from traders I respect good things about Chris Lori for a while now; however, he is more like Microsoft and Ashraf is more like Open Source. I fully support open source via donation and volunteer efforts. On other hand, don't care much for MS. Ashraf shares good info and analysis publicly while Chris maintain his to private (paid) few. Few times that I see Chris's public postings were like stale bagels. OK for starving man (newbies) but not much for active traders.
So do this to truly let Ashraf know you support him and what he does here and on his tweets. And if the webinar proves a success, then perhaps Ashraf will consider providing us with selections of other speakers he could be pair up with in the future.
-Jack Dee