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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world's problem is inbalance, in US is no job creation. where is jobs? in china, 12 hours per day, 6-7 days a week. kill china you not only get your jobs, but also have a big market.
so why dont the big boys to do so?
in chart reading, if this is correction, 3 wave down near finish. the only exception is this is real down trend of US economy, but that is not possible, US stock will go up, as always go up.
You kiddin around is wasting valuable time right now. If you want to undermine me then don't expect me to reply in the future. It just wastes time.
Also this site server is obviously becoming overloaded with all the scalp posts. Slowing down today drastically ! You might need to cool it a little until AL upgrades his site.
Ashraf Laidi
UK
June 25, 2009 11:33 ET
In Thread: USDJPY 4-week Cycles (Hot-Chart)
JT, Qin,
Oil and stocks usually rise andf fall in tandem. thats the way it's been for a while now. due to appetite. but since oil is rising DUE to attacks on nigerian pipes, it is deemed as unnatural. so is only SLOWING THE PACE of the rally in USDCAD. see my previous IMT on USDCAD. 1.10 is too far. look at the DAILY channel in USDCAD extending from the early June and it tells you support stands at 1.1350s not 1.10. i mentioned this channel about 5 times this week. Top of channel at 1.1715-20 but firts need to break 1.1645 which i mentioned all over this site as well in latest IMT
Ashraf
as for targets.. you should know im a tease.. good call Dave.. keep it coming..
DaveO
N.Cornwall, UK
August 2, 2011 18:33 GMT
Member since Jan 2010 In Thread: Gold, Oil & Indices (Equity & Bond Indices)
If it is in a wave 3 in the series commenced from the 5th May low the 4day consolidation from the 19th to 22nd July is likely to be the halfway beer stop. This would project end of wave 3 at c.1715 prior to any significant retracement for wave 4. Need to classify as voodoo as the counts are less than clear. For scalp fades if today current candle low at 1620 were breached without the trend resist line @ 1650 being significantly penetrated it might justify a short play. Current price 1646.3.