Tuesday, November 22, 2011
Tuesday, October 18, 2011
Friday, September 30, 2011
Sunday, September 25, 2011
Monday, September 19, 2011
USD/JPY Daily Chart
USD/JPY is holding up its grounds above support levels 76.27 and 76.00, forming a consolidation period! The trend line from 04/06/2011's high (retest on 08/04/2011) in addition to 77 .84 resistance level are forming a major resistance. If broken and held then we might see a test of 200 day moving average which is currently above 80.00.
Pair is also showing powerful bullish moves above the support levels mentioned above.
See Daily Chart.
Pair is also showing powerful bullish moves above the support levels mentioned above.
See Daily Chart.
Thursday, August 4, 2011
Sunday, June 26, 2011
Weekly Viewpoint
GU: Bearish:
Price level is below 200 day moving average.
I am watching 1.6055 as a resistence and major support around 1.53435
Oil: Bearish:
Price level below 200 day moving average.
I am watching $93.25 and $94.62 (0.00 Fib) price levels.
$87.10 is Target1.
UJ: Side ways:
80.22 and 79.92 region is currently providing support.
80.92 is first resistance moving up.
EU: Bearish:
Price level currently below 100 day moving average.
I am watching 1.4235 as resistance and first target around 1.3725
Gold: Side ways:
Ranging between 1551 and 1461.
Current price level is below 40day moving average.
Summary:
Over all global economy is in a slow moving period. Corporate earning are very crucial for next move up in the equities. Housing market is lagging but a great opportunity for investment (Preferably Cash buying). Gold is still an attractive investment. I expect Dollar is looking to hold its ground against its major counter parts later this year.
Long Term: Second half of the year looks solid for Asia and global economy will sustain and grow. Consumer is getting strong and healthy (Savings are rising and spending is fairly stable).
Price level is below 200 day moving average.
I am watching 1.6055 as a resistence and major support around 1.53435
Oil: Bearish:
Price level below 200 day moving average.
I am watching $93.25 and $94.62 (0.00 Fib) price levels.
$87.10 is Target1.
UJ: Side ways:
80.22 and 79.92 region is currently providing support.
80.92 is first resistance moving up.
EU: Bearish:
Price level currently below 100 day moving average.
I am watching 1.4235 as resistance and first target around 1.3725
Gold: Side ways:
Ranging between 1551 and 1461.
Current price level is below 40day moving average.
Summary:
Over all global economy is in a slow moving period. Corporate earning are very crucial for next move up in the equities. Housing market is lagging but a great opportunity for investment (Preferably Cash buying). Gold is still an attractive investment. I expect Dollar is looking to hold its ground against its major counter parts later this year.
Long Term: Second half of the year looks solid for Asia and global economy will sustain and grow. Consumer is getting strong and healthy (Savings are rising and spending is fairly stable).
Wednesday, May 25, 2011
GBP/USD H1 Chart
:CLICK ON THE CHART TO ENLARGE:
Pound rebounds sharply breaking the 1.6300 level and currently finding support at it! Green light triggered towards 1.6380 level if it can hold the past broken resistance level. A daily close above might be perfect fishing opportunity of buying the dips (at support levels) towards 1.6400.
Sunday, May 15, 2011
Tuesday, March 1, 2011
Sunday, February 27, 2011
Thursday, February 24, 2011
Thursday, January 27, 2011
Thursday, January 6, 2011
GOLD 2011 General Perspective
In 2010 gold broke records and reached the price levels above 1400/ ounce (USD 1430.60).
Some may say its in the bubble and over priced and some that there is still an upside.
If there is some fundamental strength (which i believe it does) in this bullishness, gold prices then after a strong bullish cycle should consolidate. Taking a breath. This will help investors affirm that there is a fundamental strength in this commodity.
Also, there's price pressure from the supply side. Higher gold prices mean miners work overtime. The supply of mine gold around the world jumped 7% last year to 2,572 tons-the second largest increase in history.
Some of the smart money is betting that gold keeps rising. Hedge funds and other big speculative traders boosted their gold bets by 2% last week, according to data from the U.S. Commodity Futures Trading Commission.
Technical Side:
Bullish above : 1386.51 and 1226.42 Channel base around 1262.56
Bearish Below: 1313.31 and 1154.45
See Chart
Some may say its in the bubble and over priced and some that there is still an upside.
If there is some fundamental strength (which i believe it does) in this bullishness, gold prices then after a strong bullish cycle should consolidate. Taking a breath. This will help investors affirm that there is a fundamental strength in this commodity.
Also, there's price pressure from the supply side. Higher gold prices mean miners work overtime. The supply of mine gold around the world jumped 7% last year to 2,572 tons-the second largest increase in history.
Some of the smart money is betting that gold keeps rising. Hedge funds and other big speculative traders boosted their gold bets by 2% last week, according to data from the U.S. Commodity Futures Trading Commission.
Technical Side:
Bullish above : 1386.51 and 1226.42 Channel base around 1262.56
Bearish Below: 1313.31 and 1154.45
See Chart
Important
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