Gold can be making a final push higher into wave five of C which has a nice Fib resistance around 1250-1257, from where bearish reversal would not surprise me.
#Bitcoin holding above strong support at 3170/3140 in oversold conditions is positive for this week.
#EURUSD we wrote: holding above 1.1360/55 again today tests key resistance at 1.1420/30. We topped just 13 pips above. Shorts worked perfectly on the sell off to 1.1360/55 for a quick 60+ pips...
#USDJPY bottomed exactly at our buying opportunity at 112.25/15 & offered 100 pips profit on the bounce to our selling opportunity at 113.25/35. In fact we topped exactly here. Perfect trading!...
#AUDUSD held 7163/60 as we form a potential inverse head & shoulders on short term charts. A break above 7225 is the buy signal. #NZDUSD consolidates gains. Outlook positive as long...
EURUSD continues to face further recovery higher. Support lies at the 1.1350 where a violation will aim at the 1.1300 level.
EURGBP faces further recovery threats following its higher close the past week.
T-Bonds have fooled traders. This past September there was talk about whether or not 3.25-3.5 percent 10-year note yields. This week they fell back to 2.85% Bonds rallies along with 10-years. The PriceCount's...
Stock index futures recovered most of its earlier losses yesterday due to a report that the Federal Open Market Committee will scale back its interest rate hike schedule next year.
WTI Crude selling opportunity at 5430/50 worked perfectly as we paused at support at 5210/20 but then broke lower to the next targets of 5100/5090 & 3 ticks above 5020/15.
Gold has been hovering around 1236/38 in a relatively quiet week. Watch for a break above 1243.
USDJPY we wrote: broke good support at 113.15/05 for a sell signal targeting 112.65/60 & a buying opportunity at 112.25/15. A perfect call as we bottomed exactly at 112.30/20 & shot higher to 112.80...
AUDUSD we wrote: holding below 7310/00 targets 7270/60. (We bottomed exactly here as I write). On a break below 7250 look for good support at 7210/05. Longs need stops below 7190... A bounce...
Nonfarm Payroll is in focus; what to know for tomorrows big read on jobs. We cover the landscape and the levels for the Dollar Index, Euro, Yen, Aussie and Canadian.
Bears still have firm near-term technical advantage amid price downtrend. Some normal short covering seen recently.
Hib traders, As expected, EURUSD broke higher for a wave c/iii, but due to an impulsivity of a leg, we assume it's a wave iii in progress, but we have to be careful ahead of tomorrow's NFP report....
Futures are higher across the board as traders seek safety in Treasuries.
