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).
Sunday, June 26, 2011
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
Subscribe to:
Posts (Atom)