peterbokma

peterbokma

The pair went down as expected, and now settling in at the lower levels. GOLD is moving lower again, and likely will go south below $ 3,100 I feel. The pair has room to correct to near 18.2750 or slightly higher before lower again. Strategy BUY @ 18.0350-18.0750 and take profit near 18.2475 for now.

peterbokma Updated 

The pair is indecisive to say the least. I feel over time we should see higher levels, but short-term its a bit cloudy. Right now resting support area 18.2100-18.2350 and a few negative indicators. One I use (not shown) is negative, and carries some credibility when combined with others. For now I see 17.9500 possible, before we return higher. Strategy SELL @...

peterbokma

We have had minor corrections, and like a bullet train moving beyond the previous highs. Its very overbought on all time frames, and we apply wave analysis (estimated) we may understand that a correction is overdue as well. The A corrective wave may be somehwre 2,350 area. Overall I still see $ 2,100 zone to be reached over time. Strategy SELL current $ 2,650 -...

peterbokma

The pair has reached it objective near 18.4650 and from there fell sharply again. it was due to the fact we have a peak above the channel, and indicators are slightly negative due to the pullback, which means there are plenty of sellers out there. Strategy SELL @ 18.3450 - 18.3850 and take profit near 18.1875 - 18.2250 area.

peterbokma Updated 

The pair has moved from the lower 18.10s and had some recovery to 18.3200 area and then settled lower. we are in a wider range, but considering the distance from cloud support breal and where we are at, this seems a little large. If we consider the view that we have bottomed qhich it feels to be the case, we should have a recovery 18.4950 again. Strategy BUY @...

peterbokma

The pair is a little overbought, and we are above the top-end of the channel. Usually we will see a return to mid-range of it, and therefore it feels we may see a reasonable chanjce for lower levels to be seen again. Strategy SELL @ 195.00-195.50 and take profit near 193.75 for now.

peterbokma

The pair is trading within a larger channel, and the pressure seems to the down side currently/ we require to overcome the 2.2368 support area, and once cleared, the door would be open to 2.2050 area in the short-term. Strategy SELL @ 2.2400-2.2450 and take profit near 2.2075 for now.

peterbokma Updated 

GOLD has recovered sharply but somehow it feels we may see a lower test once again. the short-term picture suggest upward pressure still. Strategy SELL @ $ 3,3380 - 3,425 and take profit near $ 3,267 for now.

peterbokma Updated 

The USDX shows clearly we should be cautious in selling USD, and this applies across the board. Based on channel and the extreme case we are in, we can bounced back ttowards 101.20-101.70 area in the near term. Strategy BUY @ 97.80 - 98.20 and take proft in stages 1. @ 100.37 and 2. 101.57.

peterbokma

It is extremely oversold and it appears to defy gravity. This does not make sense, and when something does not make sense, common sense prevails. we got a clear "false Bull flag" pattern and overtime we should gravitate towards the start of the pole. Strategy SELL and SCALE more SELL into strength LOW LEVERAGE PLEASE @ $ 2,575-2,650 and take profit near $ 2,075 first.

peterbokma

The pair is a bit under pressure still, but considering overall view, we will turn the tide from the lower levels I feel. Strategy BUY @ 18.1350-18.1650 and take profit near 18.3750 for now.

peterbokma

ETH USD is way overbought, and judging regression channel, SELL is the likely way to go. The indicators are extremely overextended, and it makes sense to take this opportunity short-term. Strategy SELL @ $ 2,385-2,450 and take profit @ $ 2,025 for now.

peterbokma

The pair has moved little lower, but looking with a longer view point, we are approaching oversold levels (not extreme), but below channel. It is difficult to guess how far below the channel we may go, but with a careful approach we should start buying into the weakness slowly. Strategy BUY @ 18.0000-18.0850 range and take profit near 18.4375.

peterbokma

We managed first to move towards 18.3300 area after the BUY signal, but we fell short of objective. Now we are under pressure, and it feels we may see a little lower. However, I prefer BUY strategy still due to the fact some indicators still provide some upwards possibilities. Strategy BUY @ 18.1500-18.1750 and take profit near 18.3375 for now.

peterbokma Updated 

The pair has move lower, and I took the short back. I feel we may be near a low again, and for that reason we BUY on dips again. Strategy BUY @ 162.00-162.40 and take profit near 163.78 for now.

peterbokma

The pair may recover short term, and this for those interested BUY side, once might consider a short-term BUYING strategy. However, this analysis is about the potential longer view reaching 1.9750 area. The pattern resembles a large s/h/s pattern, and the neckline break may translate into reaching that objective. Strategy SELL @ 2.0675-2.0775 and take profit...

peterbokma

The pair has reached near 18.1400 and form there we having moving gradually higher. We are oversold, and I suspect we will see a test if 18.4100 GANN resistance. Strategy BUY @ 18.1950-18.2200 and take profit near 18.3750 for now.

peterbokma

The pair has kind of reached its potential I think, and from here I prefer BUY into weakness.. We are oversold and even though indicators are negative, I am worried of a spike upwards. I think it is realistic to say, when GOLD loses again its shine, it can suddenly become a reversal day for the pair. Strategy BUY @ 18.2050-18.2575 and take profit below 18.4750...