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$SILVER a bit toppy?
Posted on January 21, 2013 at 2:39pm 0 Comments 0 Likes
$XAU $SLV Silver A bit toppy
Our base scenario for silver is milldy positive for a move abv 32,05 and twds 32,30 in ext .For now bulls seem a bit tired and crowdy at the top We view poss pulback as buy opp with stops <31,60 For now odds of instant move >32,05 are relatively small .
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Continue $XAU Gold pause before next leg higher ?
Posted on January 21, 2013 at 2:16pm 0 Comments 0 Likes
$XAU Gold is consolidating before next leg higher ?
S/t outlook remains mildly bearish >1695 for 1680/75 These are the ideal points to reenter longs with stops<1670 We'd be dip buyers for a test of 1695/1700 initially and 1708/11
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Continue $EURGBP Pullback in cards..?
Posted on January 21, 2013 at 10:31am 0 Comments 0 Likes
$EURGBP moved significantly higher in recent days .S/t outlook remains positive but we feel that we have just started topping process with pullback twds 8350/40 in cards .
8410 may cap any gains and thus defines risk for shorts quite well .Rate may bounce off 8380 but it shld be dead cat bounce .Break abv 8410/15 invalidates pullback scenario from current lvls R:R 3:1
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Continue $EURUSD War of thugs..
Posted on January 21, 2013 at 9:13am 0 Comments 2 Likes
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$EURUSD moves are mainly dictated by the crosses in the mrng S/t outlook remains negative while <3355 for retest of 3280/65 zone and 3210 in extension On the other side bigger picture is still positive >3260
Mkt struggles to find direction as we are stuck in the middle of nowhere
Sticking to…
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