peterbokma

peterbokma

The pair is under pressure considering the long period charts. The short-term would have some corrections, but overall it feels we may see trend line support test 159.80 area. Strategy SELL @ 161.40-161.80 and take profit near 160.17 for now.

peterbokma

The pair has failed the higher levels, and judging the overall pattern, we are witnessing a rounding formation, and this usually translates into weaker levels. The fisher form is negative and MACD has been weak for some time. I feel we should move lower in coming sessions. Strategy SELL @ 1.8550-1.8585 and take profit near 1.8267 for now.

peterbokma Updated 

The previous update worked fine, and thereafter we started our decent again. The move lower is a little more severe, and it feels technically speaking, we may see a test of 17.9650. Strategy SELL @ 18.0950-18.1350 and take profit near 17.9750 - 17.9850 area.

peterbokma

The pair has tried higher yesterday in the 18.22s area, and now this AM lower 18.1450. The technical picture is improving and its lesser negative, but same time I am not feeling confident either way, whether up or down. The descending triangle suggest overtime to see higher levels again, is my personal viewpoint. Strategy consider a range trade 18.0350 - 18.3200...

peterbokma Updated 

the pair is positive short-term, and we may likely see 2.0700 area tested before down again. For now I took back previous short, and now am seeking to go long at the selected buying area. Strategy BUY @ 2.0465-2.0485 and take profit near 2.0700.

peterbokma Updated 

It is still under pressure, and FISHER FORM shows potential decline towards 103.00-102.90 area. MACD is positive and RSI is oversold, but not extreme. I feel based on that information, we may see selling pressure, but am a preferred buyer lower levels. Strategy BUY @ 102.90-103.10 and take profit mid-regression channel 104.20.

peterbokma

GOLD is on the roll still, and as mentioned, that a break above $ 3,029 area will push it higher towards trend line resistance $ 3,088. It is overbought, and that is why we add SELL at the level $ 3,065 or slightly better. Ensure proper risk management, i.e. leverage wisely. Strategy SELL (or add to short) @ $ 3,065-3,080 area and take profit near $ 2,987...

peterbokma

We are slightly on the upside for the moment for the pair. The pressure is upwards, and overcoming 18648 GANN resistance is likely to happen, is my personal view. The Fisher Form is positive, but others are yet to confirm the move. Strategy (if wished for) BUY current 1.8615-1.8635 and take profit near 1.8725 for now. Personally, would prefer to sit it out,...

peterbokma Updated 

The pair is in negative mode, and indicators support to see likely lower levels. FIB retracement 1.8342 should attract is my personal view. Strategy SELL or ADD @ 1.8560-1.8590 range and take profit near 1.8357 for now.

peterbokma

The pair has started to become under pressure, and I feel we may see a move lower to regression channel support area 1.2827 in the coming sessions. Strategy SELL @ 1.2970-1.2990 when seen and take profit @ 1.2837 for now.

peterbokma Updated 

The pair is slowly showing negative movement, and we are witnessing MACD going into RED. We are still overbought. I see good chance to see a test of 2.0200 short-term. Strategy SELL @ 2.0560-2.0600 and take profit near 2.0287 for now.

peterbokma Updated 

I am not very convinced that we will turnaround as yet. The issue being, longer-term charts showing still negativity for the pair for 6-hourly and beyond. The 3-hourly chart seems to have some positive indicators, and its oversold slightly. That is why am a careful BUY, and prefer neutral stance. 1. Strategy BUY @ 18.0750-18.1150 and take profit near 18.2750 2....

peterbokma Updated 

The overall picture is still higher and a test of $ 2,980 is expected. The short-term picture suggest we are slight overbought, but the earlier SELL levels executed, should have careful SELL additions (maintaining low leverage). I think we may see the touching of $ 3,000 for market to test this level. the GANN structure shows we are supported and also the...

peterbokma Updated 

The pair has been near 101.50 area lows, and recovered strongly again. As stated earlier updates, low's we cannot predict, but we can see overall careful adding to the positions managing to get improved averages overall, and constantly manage it effectively. For now, the pair seems to position itself into more positive territory, i.e., stochastic, fisher form and...

peterbokma

GOLD is now starting to become overbought, and it is at a reasonable high level RSI. The key is to remain below $ 3,023 and if not, we may see $ 3,075 test first before down. Strategy is therefore, SELL current and add when higher with low leverage. Strategy SELL @ $ 3,020 - 3,030 and take profit @ $ 2,967 for now.

peterbokma Updated 

I am inclined to see the pair a bit lower. Most indicators are still negative, and we have room until 17.8500 area main support area. I am not suggesting we go that fare, but there is little more room to test 18.0000 - 17.9500 area before recovery I think. Strategy is suggested SELL @ 18.13509-18.1650 and take profit near 17.9850-18.0100 area.

peterbokma Updated 

The pair is under pressure and broken below a triangle formation, and we are trading below the cloud cover as well. Strategy SELL @ 1.4360-1.4380 and take profit near 1.4267 for now.

peterbokma

the pair is as mentioned in previous updates on its way towards 2.0240 area. The pressure is on, and indicators all are in unison for lower levels to be seen, is my viewpoint. Strategy SELL or ADD @ 2.0380-2.0410 area and take profit near 2.0260 for now.