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...
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I hope you have stop in place. It's broken 1.2940. Be patient not a patient!
If you bowl, tomorrow might be a turkey! GL
Finally the Gulf Oil flow had been brought to a halt.... ( for the time being? )
Catnip has a very good point.
And (oh blind me) I do NOT read the daily and weekly nor the monthly bearish!
By the way, i won't suggest taking poistions now. I'll wait for tomorrow and read which way it goes. Break S1 or R1? And as a trader, we need to have fast reflexes, meaning, when the market turns, we need to notice it, recongnize it acknowledge it, withhin a couple of seconds. And not go against it.
(No offense to ALL) I've felt that most of the traders has a mental block (or a habit), in this instant, they're still bearish on the Euro. They either don't realise nor accept if a trend had changed. For e.g., when the Euro goes higher and higher, they will tend to short it. However, the main point is, it might not turn, as in the case of the last few days. Following the trend and recognizing the change in trend. Otherwise, stay on the fence. The market is there everyday of the week, month, year. Except weekends! and public holidays. Thats when we do our paperwork. Compilation, anaylysis, planning a strategy, reading...... GL all!
will go for 131 ... what if USDx goes back below 80, to 78... then we'll see 140 eventually and it may not stop there. Of course that is bad for eurozone exports. Its not advisable to short cable , too. Wonder why JPY has not entered risk off mode.
I guess the move for Eurusd is done for today.
It would consolidate around 1.2893 plus minus 25 pips.
If you were to wonder where Eurusd is heading in the short term, NO one really knows. But i suggest follow the trend instead of going against the trend!
i realise may are still stuck on my forecasts calling for 1.16 in early June. while i still see 1.17 and 1.15 around early Q4, there are still legs in the current eur bounce towards 1.28. Market is no longer at ease with buying US dollars aggressively especially as Fed is stuck at low rates for at least another 7 months.
Ashraf
Ashraf did comment.
Read Ashraf reply at Page 4, Today, 0204ET
GL all.
ashraf give me reply of this msg on time plzz
what is ur downside target is it still 1.1660 or u have change ur mind and also tell me .... bear is over and bull is come ?
waitiing here and also tell me trends with the targets of only eur/usd