peterbokma

peterbokma

The pair has spiked extremely, and now we are in a very overbought zone again. The RSI is extreme, plus GANN angles are steep too.. Strategy SELL @ 19.3500-19.4000 and take profit near 19.0450 for now.

peterbokma Updated 

The correction went to far to $ 3,068 but feel we will have another go towards $ 30,30 test en route 2,978. Strategy SELL @ $ 3,110-3,130 and take profit near $ 3,007.

peterbokma Updated 

The pair corrected from the lofty heights, and now we are settling around the 18.7250 -18.7500 area. I feel that we are positioning to re-test 19.00 area. Strategy BUY @ 18.7250-18.7550 and take profit near 18.9950.

peterbokma Updated 

The metal is moved higher from the minor correction it under went, and by no means this suggest we have not see the overall correction, is my personal viewpoint. Currently, we are still quite overbought, but short term indicators suggests still buying presence, and this keeps it moving up, or remaining in the higher realms. For now I remain SELL (SHORT) based on...

peterbokma Updated 

The pair is trading within a wide band, and basing on current state, there is upward pressures for the pair. We may likely see a move back towards 195.00 short-term. Strategy BUY @ 193.30-193.60 and take profit near 194.78 for now.

peterbokma

The pair moved convincingly beyond 18.5300 and that was the catalyst for 18.7300 - 18.8500 area. As mentioned, I had preference on break of 18.5300 not to BUY (sad sad) but to wait for higher sell levels. I do not trade the pair all the time, and am trying to support it trying to provide ideas. Now we have reached 18.80s and RSI is now nicely confident quite...

peterbokma Updated 

I am always interested looking at the other chart types, and time-frames. Short-term we may see some obstacles for the pair and corrective activity is possible. Also this chart based on 3 daily movements suggest resistance 18.5400-18.5500, and it has positive signs for much higher levels to be seen. However, we have not broken out of the range as yet. From...

peterbokma

The pair from a long-term perspective, may be a lot lower. Reasons possibly are, ROUNDED TOP or S-H-S pattern whereby the Right Shoulder (RS) is being formed still. That is why maybe we may see a move closer to 19.0000 area before lower again. The neckline is lower 17.3500. This translates somewhere a possible 15s handle USDZAR in the longer term. Anyway, this...

peterbokma

The pair trades in a very wide range, and my yesterday's ideas.. painted a lower price expectation, and this was not the case. The main issue is, we are within a very large regression channel range, and not seen here, we are at the top end of this now and even beyond it. Same as with the GANN SQ 18.4200 - 18.5300 is the current range, and lower down 18.1600 area....

peterbokma

The pair has rejected 18.4100-18.4500 area (top of regression channel), and now we have settled between 18.2400 - 18.3300 area it seems. The overall picture suggests downside pressure, and for that reason I think we will move back towards 18.1350 again. Strategy SELL @ 18.2900-18.3300 and take profit near 18.1650 for now.

peterbokma

GOLD remains moving higher, and as mentioned a few times, its all about trade wars tug-and-war activities. However, this is initial fear, and this will become lesser and lesser overtime. It is extremely overbought currently and RSI is at level that are not falling under normal categories. There correction is needed to release the pressures. SZtrategy SELL or ADD...

peterbokma Updated 

GER40 has upward pressure, and this will continue short-term. There are sufficient evidence to see a test of 23,150 again, and perhaps little higher. Strategy SELL @ 23,250-23,450 and take profit near 22,750 again.

peterbokma

The 2Y US yield has move lower and broken important yield level of 3.9650 area. The GAP lower 3.8500 currently, is providing an extremely oversold reading and other time frames are oversold as well but not as severe. Strategy SELL BONDS @ 3.78-3.8350 yield and take profit with a 15 basis points toughly benefit. It does also support some US$ strength in coming...

peterbokma Updated 

The pair has moved lower 18.1200 area in line with SELL strategy, but fell short heavily sad to say. Thereafter, we spiked and we have finished the day with a hammer top. The regression channel sloping down ward, shows the expected parameters, and usually a move beyond that, would trigger a move back towards the mid-range of the channel. the 18.3850 area...

peterbokma

The pair has moved lower and I exited @ 104.33 from my previous SELL strategy. It feels heavy and we may see move towards 103.20 area in coming sessions, but I prefer to stay out. Strategy SELL (for those willing) @ 104.00-104.40 and take profit @ 103.27 for now.

peterbokma Updated 

The pair should resume downtrend as based on regression channel parameters and indicators. The feel I get is, we will test 103.40 area in coming sessions, whilst still respecting cloud support lower. Strategy SELL @ 105.00-105.40 and take profit near 103.77 for now.

peterbokma

It feels unstoppable whilst it is becoming severely overbought. We have moved beyond $ 3,080 area and the regression channel top has room till around $ 3,125. I am adding slowly at higher levels with lower leverages, as I feel from strategic perspective, we should have a reasonable correction in the near future. Strategy SELL or ADD @ $ 3,105-3,125 and take...

peterbokma

The pair is still technically on the downside, and we respected 18.3500 area very well. The indicators are half heart negative and feel we should see lower levels in the coming sessions. Strategy SELL or ADD @ 18.2350-18.2750 and take profit near 18.0250 for now.