Re: ForeX TechnicaL AnalysiS StrategieS
$$$ rally on any good news which is good for US economy it was all about risk aversion... may be you heard of "andhon mein kana raja" when all other currency/economies were not showing any good sign US did .. and USD rally everytime on good job numbers but for me it was all about wave setups... USD completed its 30min wave's target and then retraced 100%.. same with Gold... went down to 1128 and then back to 1140 and now back to 1130
Lets see how the indices close for the day..
So what can happen on Monday is a Gap up in Asian markets and a heavy distribution by FII followed by some sad news from somewhere in the world and a retest of 4800-4715 mark in Nifty in coming weeks
I expect only USD to rally from here on and others to either consolidate for some time or fall back.
This is my personal view and nothing more than that. I was bullish on Gold & Bearish on USD but changed by view now and bullish on USD and bearish on Gold/Silver
Silver can touch 14.5 levels from 17+ levels while Gold can go back to 1075 in coming months.. of course not overnight
$$$ rally on any good news which is good for US economy it was all about risk aversion... may be you heard of "andhon mein kana raja" when all other currency/economies were not showing any good sign US did .. and USD rally everytime on good job numbers but for me it was all about wave setups... USD completed its 30min wave's target and then retraced 100%.. same with Gold... went down to 1128 and then back to 1140 and now back to 1130
Lets see how the indices close for the day..
So what can happen on Monday is a Gap up in Asian markets and a heavy distribution by FII followed by some sad news from somewhere in the world and a retest of 4800-4715 mark in Nifty in coming weeks
I expect only USD to rally from here on and others to either consolidate for some time or fall back.
This is my personal view and nothing more than that. I was bullish on Gold & Bearish on USD but changed by view now and bullish on USD and bearish on Gold/Silver
Silver can touch 14.5 levels from 17+ levels while Gold can go back to 1075 in coming months.. of course not overnight