peterbokma

peterbokma

The pair is overbought overall, but has some pressure removed. The 3 hourly chart stochastic suggests we may have a chance to re-test 0.8458 top of regression channel. Once reached we may be short again. Strategy BUY 0.8425-0.8432 and take profit near 0.8460.

peterbokma

The pair is very overbought short-term, and judging the regression channel, the chances are a pullback to 0.8365 is possible for the coming sessions. It could be even near 0.8340 before it may hold and re-establish itself for higher levels. Strategy SELL current 0.8415-0.84450 and take profit near 0.8345 for now.

peterbokma

The pair has seen lofty highs in conflict of GOLD price. It only focused on USDX, which now seems in the start of a likely correction lower. Strategy SEWLL @ 18.9750-19.1000 and take profit near 18.7875 for now.

peterbokma

The pair has been heavily sold, and so has been all the GBP crosses. the pair initially recovered a little and it shows we are building a short-term base. The stochastic and other indicators provide the suggestion of further moves higher, and feel we may see somewhere 1.7750-1.7800 again in the coming sessions. Strategy BUY @ 1.7520-1.7560 and take profit near...

peterbokma

If we look at the decline in GOLD PRICE from the high to the recovery mode, i.e. $ 2,785 high to now current $ 2,680.. this is only a decline of 3.5%. the USDZAR is highly correlated with GOLD and the low 17.0300 area to the current price is an increase of around 12.5%. This obviosuly show misalignment, and adding a high USDX we should see the USDZAR back to...

peterbokma

The pair has been been moving up sharply as we all have seen. Now we are consolidating, and judging BB bands, RSI and other indicators, it seems clear it is time for a correction here. Strategy SELL 0.8370-0.8400 and take profit near 0.8335 for now.

peterbokma

If one considers reasons for sell of in GBP due to Gilts being crushed/crashed, we can find now ample reasons for a reversal short-term. the pair is very oversold on all fronts, and I suspect we see a return to at least 1.2475 in coming weeks. Strategy BUY @ 1.2275-1.2310 and take profit near 1.2425.

peterbokma

The pair has been moving up sharply due to USD strength overall. The USDX (see my other update) shows clearly we may see a downward move on the index, hence all pairs willo be affected, and so will the USDZAR. we are above regression channel, and this usually does not remain as it is, as it will correct likely lower to mid-channel levels. For now strategy SELL @...

peterbokma

The USDX index is clearly overbought, and secondly we have a negative divergence (see arrows) on our hand. this suggest highly, and also comparing 2016 US elections before and after inauguration, the bias likely will be weaker US dollar. this seems reflected in all currency pairs. The USDX can move towards 105.00 area is my humble opinion in time. strategy...

peterbokma

The USDZAR as well USDX (and USDCAD not shown) all have something in common. they are over extended (ZAR lesser), but the picture paints a thousand words (famous song). The overall direction feels we see lower USD, and even though on a day to day basis one observes tug of wars, the direction is likely lower for USD. Strategy SELL USDZAR between 18.7500-18.8750...

peterbokma

The pair is slightly on the BUY side short-term, and the pressure is upwards at the moment. we are approaching overbought state, hence I feel we should start a short on it. Strategy SELL @ 9935-99.55 area and take profit near 98.75 for now.

peterbokma

The pair is under pressure, and think it is only the beginning of it. We have ample room to lows 1.4000s as far as the potential of it short-term. we are overbought, and political changes, and OIL all contribute to CAD strength I feel. Strategy SELL @ 1.4300-1.4350 and take profit near 1.4175 at first.

peterbokma

The pair is very overbought on all longer term charts, i.e. 12-hour up to the weekly. There is a good chance for large scale correction, and I feel that we may correct towards 1.4050 over time. Strategy SELL @ 1.4390-1.4430 range and take profit initially @ 1.4257 for now.

peterbokma

Just to highlight, the two charts shows there is a (inverse) relationship. the USD is in fact very overbought Daily chart and therefore, the strategy to focus on NZDUSD is good for good reasons. the AUDNZD cross is overbought, i.e., the NZD suffered the most on the decline. It;s reflected in all NZD crosses. so most pairs, SELL USD and I prefer NZDUSD BUY for...

peterbokma

the pair is very oversold, and the USDX same story even on longer time frames. This suggest we should see SELLING of USD on most pairs. Strategy BUY @ 1.2380-1.2420 and take profit @1.2505-1.2525 range.

peterbokma

We are overbought for the pair and we moved little lower. There is also a "M-top" (easier to see on 3-hourly) and neckline about 18.7250 and coincides with GANN support too. Overall I feel we see 18.4350 in the week(s) to come, or sooner I guess., is my personal opinion only. Strategy SELL @ 18.6950-18.7550 and take profit near 18.5350.

peterbokma

The pair has been moving lower for a very prolonged time, and it feels we may have ended that cycle. We should have a solid recovery / correction in the near term is my personal view. Strategy BUY current 0.5600-0.5630 and take profit near 0.5797 for now.

peterbokma

The pair has seen again lofty heights, but usually, when we spike above the regression channel, the pair must return over time to the mid-range at least. In combo with an overbought state, I feel we may see 2.1850 area in some weeks to come. Strategy SELL @ 2.2300-2.2375 range and take profit at 2.1875 for now.