Thanks for the reply Ginger. I agree with you, but this rise in the price of oil has me concerned - lots of folks calling for 100 soon and if they are correct I think the fundamentals will change. It seems that the last time oil shot up over 100 it was driven by speculators not fundamentals. Just my opinion of course.
Ashraf wrote @eurusd "Downside shall open up for $1.3360, followed by $1.3315-20 before the eventual $1.32 and $1.30 before mid April. Upside capped at $1.3470-80, while substantial ceiling stands at $1.3540." The second half of this forecast broke the ceiling - so we have 2 more weeks for the first part to play out. Oil & gold are going higher, & audnzd is not cooperating I don't think the market is listening! :-) I am just wondering if the market has changed due to any fundamental or technical reason?
Looking at Monthly, Weekly, Daily, 4 Hour and Hourly charts - they all show some variation of a Bearish Gartley - I never saw this before - they hardly ever agree on every time frame like this. I don't know how to post charts here - but I just posted some charts to this group:
http://finance.groups.yahoo.com/group/Divergence/
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
The second half of this forecast broke the ceiling - so we have 2 more weeks for the first part to play out. Oil & gold are going higher, & audnzd is not cooperating I don't think the market is listening! :-)
I am just wondering if the market has changed due to any fundamental or technical reason?
Ashraf is not confused! What a difference!