Hello Traders, My apology for being away for such a long time. But I am back with new chart – USDJPY. There is something very interesting showing on that four hours chart. Take a look on RSI, as you can see Momentum is on major resistance level (brown line). But price is keep pushing higher. We are approaching major price drop. Price is squeeze in that ascending...
Hello Traders, some of start panic that Gold is now reversing...yes it does but to the 50% or 1250.00 Levels. Despite that we have negative divergence (this mean only small hiccup to the down side). Previous move is to strong for major reversal. Hold on we will bounce to the top side. cheers, Jim
Hello Traders, Being Canadian Traders, I always been asked: “what is going on with CAD?”. I think the chart speaks for it self. CAD is losing strength and slowly moving higher. This is also depending on WTI Oil price which right now remain in range 47.25 – 48.5 and it does not look like is going to move over that range any time soon. Cheers, Jim