AUDUSD Daily Analysis – April 1, 2014
AUDUSD remains in uptrend from 0.8995, the fall from 0.9294 could be treated as consolidation of the uptrend.
ETF
CAMS Gold Playbook Ahead of the non-Farm Payroll Report
Gold (GLD, quote) continues to remain weak with yesterday’s close of 1284.50. In early trading the spot price of gold is basically flat.
Trade Alert – New Position -GLD
Option Alert Service Signal New Trade Suggestion
Trade Alert – New Position – VXX
Option Alert Service Signal New Trade Suggestion
Dr copper now preparing to break higher
Let me start with a quote from my last post on copper where I wrote the following: “……and for any recovery longer term, we will need to see a dramatic buying climax, and given the extent of the current selling, an extended phase of congestion prior to any bullish momentum returning for copper.“
Stopping volume now appearing on the daily gold chart
It’s been a roller coaster ride for gold over the last couple of months with the precious metal first rallying almost $200 per ounce, and then promptly reversing from the $1390 per ounce level, and giving back just over half the gain, to trade at the time of writing at $1293.20 per ounce.
EURUSD Daily Analysis – March 31, 2014
EURUSD’s downward movement from 1.3966 extended to as low as 1.3705.
AUDUSD Daily Analysis – March 31, 2014
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294.
Crude Oil Rockets on Crimea
Energy bulls are clearly in control this morning especially crude oil bulls. Brent crude (BNO, quote) continues its climb breaking through the $107 level.
GBP/USD Long-Term Uptrend (March 27, 2014)
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame.