Down
EURUSD Short-term Technical OutlookGood evening traders.
After EURUSD forming a nice double bottom just ahead of the 14 year low, we have been seeing a decent pullback on this pair. The pressure is still definitely to the downside as long as we remain below 1.052 so looking for shorting opportunities is preferred. The latter will act as the "line in the sand", if you will, in that if price manages to sustain above it we can expect to see higher prices.
A rally up into the figure shouldn't be feared as it is strong resistance and should hold, at least initially.
Enjoy.
NZDUSD Short-term Technical Outlook Good evening traders!
NZDUSD's upside was quickly checked at the high at .69480, forming a lower high in this downtrend. So long as we remain below yesterday's high at .6948 we should see continued downside, however we will need to see a sustained break below key support at .6883. The fact that price is hovering just above it is suggestive that sellers are in control, but we will have to wait and see. A break below the latter should send price down to the next key support figure at .6834.
Enjoy!
GOLD - Long (Option Call) from current price to 110Huge 163 Billion unpaid Government Debt making pressure on Economy & they are weighing on Gold & Silver price. So we will see a tremendous surge Gold & Silver. On the other side Japan, China & KSA selling US bond & this putting pressure on Yield carve, and people would take Gold & Silver as safe investment & eventually this extra demand will push the price higher.
For the trade we bought (Strath) Gold December 2016, $100 call for $.60
Trouble in paradise Google is headed back down after getting close to the all time high. After thing past the 15 min. Looks good for a short. You can see with the arrows that this is over priced and headed back down to the 798 level. This is a multi-day trade set up. I don't see this catching on and becoming the floor so get in while you can.