Friday, October 21, 2011
GBPUSD at 5min chart
The trendline from Oct. 19 is in play here for GBPUSD. The price found support at that line. The break below will have further momentum to the downside at will meet some buyers at 200MA:
Tuesday, October 4, 2011
The market is on the trending phase right now, enjoy!
After the budget and credit fixing of Obama administration as well as the good result of employment and US production, the market is again on its trending phase.
As of writing, during the London session, traders are now enjoying a prices momentum.
As of writing, during the London session, traders are now enjoying a prices momentum.
USDJPY 4 Oct 2011 @5:00 GMT
USDJPY pair is in an upward trend line right now. See how the price is rejected at the trend line.
Let us see a further upside momentum after an hour of consolidation of prices.
Let us see a further upside momentum after an hour of consolidation of prices.
Gold is testing again the 38.2% fib level after a trinagle breakout
After a bullish triangle breakout, price is testing the 38.2% fib retracement. Penetrating that level will push Gold further above, otherwise, this is only a correction for Gold downside since last two weeks high. Bearish momentum will push the green buck further and we will see more buying.
All bears are rushing in the market right now!
Riv Trend Confirm is busy alerting me to buy USD against other major currencies! USD buyers are rushing the market right now.
Australia has just released their export/import trade balance and it shows positive result, but still as of writing AUD/USD seems not affected by the result. Investors are not satisfied with the data, thus by far, we will watch for more buying opportunity for the green buck!
During Asian session, a slight correction for AUD,NZD, and GBP has seen during those hours. Let us see for a further bearish momentum in London session.
Australia has just released their export/import trade balance and it shows positive result, but still as of writing AUD/USD seems not affected by the result. Investors are not satisfied with the data, thus by far, we will watch for more buying opportunity for the green buck!
During Asian session, a slight correction for AUD,NZD, and GBP has seen during those hours. Let us see for a further bearish momentum in London session.
Saturday, October 1, 2011
A breakout for GOLD
Be aware of the triangle formation there... A break out will occur most likely. The bear show a positive gain against bulls:
The consolidation formed after the 38%.2 retracement of last week high.
The consolidation formed after the 38%.2 retracement of last week high.
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