May 22, 2014
Canadian retail sales shank 0.1% MoM in March versus an expansion of 0.3% expected, and the February figure was revised up to 0.7% from 0.5%. Sales excluding auto grew 0.1% MoM compared with 0.3% expected, and the previous month’s number was revised up to 0.9% from 0.6%.
May 21, 2014
Here are a few thoughts on USDJPY: If it breaks 100.80 on the way down and stays bellow it then we will sell it. If it breaks 102.20 and stays above it we will buy it and look for about 150 points. EURUSD Been short, staying short. AUDUSD Sticking to our trade from yesterday…want to… View Article
May 21, 2014
The gold is continued to trade sideways with little downwards movement. It has remained within the ascending triangle on a daily chart. With the strong UK retail Sales data, the precious metal heading downwards to test bottom line of the ascending triangle shown in a chart below. As it is getting closer to the corner… View Article
May 20, 2014
It looks like AUDUSD is very heavy now and our outlook for the future with the dollar strengthening we decided to sell the rallies of AUDUSD. My first point of entry will be around the 0.93 level targeting about 0.90. Will place a stop loss above the recent highs of 0.93700. So we would be… View Article
May 20, 2014
As I have mentioned yesterday’s post, the gold is still moving sideways and remained within the ascending triangle on a daily chart. It is getting more and more squeezed towards the corner of the triangle shown in a picture, which is giving a strong signal that, it will break the line soon. Since yesterday, the… View Article
May 19, 2014
The gold is moving within the ascending triangle, shown in a Daily chart below. As it is getting squeezed between support and resistance lines, it is most likely to break upwards or downwards trend line. On Friday, it has declined up to the support level of 1287.51. Since then it is trying to test the… View Article
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