Indices and Gold - Wednesday 15th April

Morning all,

I hope you are well.Looking at Wall Street Futures we have the classic over night channel. It may have to wait until the European open until we get a break. There is a potental on the open for a Gap Close on the FTSE and Dax and this will also help pull Wall Street back into the 60 minute 20 MA.

Gold found support off our hourly support level and could well test this again today. Please draw the upward sloping support level on your chart and look for the break if indices rally today.

James

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April 15th 2009 Posted to Commodities, DAX, DOW, FTSE, GOLD, Indices | Comments (0) | Email This Post Email This Post

GOLD, AUSUSD, USDCAD - Wednesday 11th March

Morning all,

USDCAD:
• Boxed in on the hourly chart between the 4 hourly 20 and 50 MA’s the 21cci is now positive
• 15 minute chart is creating higher lows and we might find and opportunity on the break of 1.2870 to play up to the figure and depending on the strength.
• If we fail to break look for the upward sloping support level connecting the lows and wait for a break of this.

AUDUSD:
• Failed to break the MP and has fully retraced to the 4 hourly MA’s
• Difficult to short here with the hourly 50 just below us.
• However a break of 0.6385 could signal a further move down.
• For a move up we would need to see a break and then 123 onto the 60 minute 20 MA

GOLD:
• With indices likely to rally again today it would be no surprise to see gold falling off again.
• 60 minute is within range of a safe trade but we would need to see a break back through the 15 minute 20 and 50 MA for a clear entry targeting the previous lows around 892.50
• One major concern is that we are back on a major technical support level so trading around here will be very jumpy.

James
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March 11th 2009 Posted to GOLD, forex | Comments (0) | Email This Post Email This Post

GOLD - Thursday 5th March

GOLD - Thursday 5th March

by: vPIP
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Gold:

·         Boxed between the hourly 50 MA and the hourly 20 MA

·         A break of 915 to the upside  would signal a move back to the 4 Hourly 20ma at 921

·         A break to the downside 910 would signal a move back to the previous low of 905 then 901

 

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March 05th 2009 Posted to GOLD | Comments (0) | Email This Post Email This Post

GOLD , AUDUSD , USDCAD - Wednesday 4th March

Morning All,

Great day for trading Gold yesterday now back around 900 we will start to assess the long term potentials again.

 

GOLD:

·         Great break of the 920.50 level last night saw us pulling back towards the 4 hourly 50 ma

·         We still have roughly another $12 down to this level.

·          On a 15 minute chart I would be looking for a break of the previous low (911.50) or a retracement into the 60 minute 20 ma before another push down.

·         As we all know if the 60 min 20 ma is broken then 123’s will be what we are looking for

 

AUDUSD:

·         100% retracement of the interest rate bounce

·         Looking for a move back into the longer term MA’s before any position will be considered.

·         I am looking for this to come back towards 0.6360 before failing to break the 60 min 20 MA.

·         Around these levels I will then look for resistance and the triggers to start falling into place.

USDCAD:

·         1 Hourly chart looks massively over bought and we are right on the daily resistance.

·         The fan of MA’s is spread well and a retracement could well be on the cards with a break of the 60 minute 20 MA (15min Chart)

·         Support on the 60 Minute 20 may also give a short term move back up to the daily resistance which is only 20/30 pips away.

I will keep you updated have a great morning.

James

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March 04th 2009 Posted to GOLD, forex | Comments (0) | Email This Post Email This Post
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