bulls able to hold it's support..... and challenging 4500 resistance... if it manages to close above 4500 level... favor break to the upside.... support now formed at 4440 level... close below that level would see test of 4350 level..
as long as 9570/80 holds.... see it testing 9680/90 resistance.... clear break above 9690 could see further gains toward 9800 level....
below 9570... see it moving lower to 9480/9500 support...
for AUD...
weekly still positive so could see test above 1.0582 high.... but upside will likely be limited... immediate support at 1.0428... break below that level could see test of 1.0300 level....
now if most are convinced that it's heading clearly north.... expect some surprises.... 400~500 pip south move will confuse many traders and start to think otherwise..... when they start thinking south.... then it will be heading back north......
reading chloe's post reminds me of my earlier years of trading.... :)
but i won't be making any assumptions... like our digi mentioned... it would be the mother of all f**kups.... will be playing my charts safely... no need to be confused by so many fundamental news and events bombarded everyday... which will make you flip your mind every now and then... CAT showing us a good example as i gave him his nick.... CAT THE FLIPPER.... :)
i'm not the right person to answer fundamental questions... :)
but technically the momemtum is still there and quite bullish... still a lot of room to go higher.. expecting to test 1490/1500 initially then pullback 1450/60 b4 testing 1540/50 level... only break below 1410 would be a red alert...
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 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(10 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(10 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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
bulls able to hold it's support..... and challenging 4500 resistance... if it manages to close above 4500 level... favor break to the upside.... support now formed at 4440 level... close below that level would see test of 4350 level..
for CAD...downtrend still in effect....
short term...
as long as 9570/80 holds.... see it testing 9680/90 resistance.... clear break above 9690 could see further gains toward 9800 level....
below 9570... see it moving lower to 9480/9500 support...
for AUD...
weekly still positive so could see test above 1.0582 high.... but upside will likely be limited...
immediate support at 1.0428... break below that level could see test of 1.0300 level....
gl/gt
thought it was you pushing Euro lower... or is it dave?... :)
have to see what kind of reaction we could see for USDx after testing 74.50 support....
was able to cut my 4400 short at 4386 and left the 4430 short without trailing stop...
now still holding 4430... :)
will short again if 4550 tested.... or wait another 2 more 8 hour candle b4 shorting....
still expecting 4300/4320 to be tested this week.. but my bias turning bullsih for move higher toward 47xx level...
gl/gt
nicky was at level with CAT i believe... :) LOL
and my lines have been tweaked and a bit upgraded... :)
now if most are convinced that it's heading clearly north.... expect some surprises....
400~500 pip south move will confuse many traders and start to think otherwise..... when they start thinking south.... then it will be heading back north......
reading chloe's post reminds me of my earlier years of trading.... :)
but i won't be making any assumptions... like our digi mentioned... it would be the mother of all f**kups.... will be playing my charts safely... no need to be confused by so many fundamental news and events bombarded everyday... which will make you flip your mind every now and then... CAT showing us a good example as i gave him his nick.... CAT THE FLIPPER.... :)
i'm not the right person to answer fundamental questions... :)
but technically the momemtum is still there and quite bullish... still a lot of room to go higher..
expecting to test 1490/1500 initially then pullback 1450/60 b4 testing 1540/50 level...
only break below 1410 would be a red alert...
gl/gt
i'm with you on that one.... buy the rumour... sell the fact.... i'm hoping for a rate hike as expected..
i think 4280/4300 will hold until ECB decision tom....
2 possilities....
1) pop up to 4450/70 b4 heading lower....
2) if 4370/80 caps any further upmove and break of support(4274) would trigger move south....
break below 4150 would signal rally from 3428 ended and correction down to 4000 then 3900....