The Dow Jones bulls had another victorious week, pushing the index to new highs for December and completing the golden cross. This is a bullish sign for the index. (The definition of a golden cross is when the 50 day moving average crosses the 200 day moving
Read more →Gold maintained it s uptrend last week (07-11 Nov) and made a higher high and a higher low compared to the previous week (31 Sep – 4 Nov). Price stopped at 1800 as the high of the week and 1735 is the low of the week. Looking
Read more →Last week (24-28 Oct), gold made up its mind, breakaway from the consolidation zone and move higher to break 1700 level and closed at 1743. Looking at daily chart, it seems to be moving in an uptrend channel which was formed early 2011. It exceeded the channel
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Read more →GBPCHF Week 41 2011 – Bulls wonder if 2010 low is overcome Let’s recap what has been going on with the GBPCHF for the last few weeks. In early August 2011, the pair created an all time low of 1.1434 before the Swiss National Bank decided to
Read more →Week 39, AUDUSD By Ko Siew Huey A clear break of the equidistant channel seen on the daily chart. In week 38, price plummeted on the back of negative sentiments brought about by the Fed’s predictions of significant downside risks to the economy. That triggered a flight
Read more →GBPJPY analysis week 39- Recap last two weeks –GBPJPY broke two records in last two weeks. In week 37, we saw price creating a new low for 2011 and in week 38, it created a new all time low. Will it continue to slide down or we
Read more →Is the price of Gold a bubble? The Free Dictionary by Farlex bubble found on the Internet defines a financial bubble as: “A situation in which prices for securities, especially stocks, rise far above their actual value. This trend continues until investors realize just how far prices
Read more →Overview The break below 1.4000 has reinforced Euro’s bearish trend. Price went beyond July’s low and stop short off the third monthly support @1.3610. D1 Chart Two bearish weeks brought about 800 pips worth of dough for sellers. That includes last week’s 500 pips descent but it
Read more →Last week (5-9 Sep), gold tried to break 1912 but it was resisted. It managed to reach 1922 before the profit taking occurs before making a low at 1791. 1791 is a higher low compared to previous week low (29th Aug – 2nd Sep) at 1775. Overall,
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Read more →The week of 22-26 Aug was a volatile week. Gold made a historic high at 1912, retraced down to 1702 and returned back to 1823. To put the volatility into perspective, for the current month – Aug’11, we have a price range of 210 (1607 to 1912).
Read more →Recap last two weeks – In my previous analysis, I mentioned about bearish sentiment and rejection of blue zone is signal to short this pair. Price exactly did what was expected and we saw more than 500 pips downfall for GBPJPY in week 32. In week 33
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