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- KADC replied May 14, 2020
The 8-hour gold chart shows a bullish break of the pennant formation coinciding with a retest of the bullish RSI trend-line resistance break. Technically a daily closing above the pennant break (~$1,719 Spot Price) will confirm the pattern but as ...
- KADC replied Mar 13, 2020
I'd attribute today's selloff in gold and silver as the investor class having swapped out metals to take advantage of the expected immediate short-term stock gains due to the rate cuts, increased REPO, and helicopter money being thrown around and/or ...
- KADC replied Aug 5, 2016
I don't care to post often anymore, but people have been asking for my advice so I thought I'd share this observation. Summer is not, historically, a good period for buying gold, but summer doesn't usually start off with a Brexit vote followed by ...
- KADC replied Jul 22, 2015
Indeed. It was 22 tonnes followed by another 57 tonnes, which is 2% of global production sold within a few minutes [from Hantec Markets]. Bearish sentiment is nearly universal at this point, nearly like it was universally bullish at $1,900, and ...
- KADC replied May 22, 2015
Dollar/Yen has been range-bound for close to six months now, so I took a look at the historical significance of this area, and you can see the range between 120 and 123, notable as the area between the two Fibonacci I drew, has been ...
- KADC replied May 21, 2015
Pound seems to be the leading strongest currency, so I've completed a monthly comparison against all non-exotics. Euro/Pound and Pound/Kiwi I've already posted and have clearly broken down/up respectively. GBP/NZD I'm already long and EUR/GBP I'll ...
- KADC replied May 20, 2015
Here's a couple of charts that support my negative view on Euro/Pound if 0.7125 fails to hold. Note the 76.4% on the daily chart approximately represents the neckline of the head and shoulders. Initial target if 0.1725 fails to hold being the 100% ...
- KADC replied May 20, 2015
It looks like the markets took the Queen's grandmother's birthday into consideration and postponed turnaround Tuesday until today. I must say I didn't care for that surprise release from the ECB. How can they justify private speeches where the ...
- KADC replied May 13, 2015
I was looking for a Pound/Kiwi pullback to 2.055 and hit one of the daily RSI supports, but looking at my monthly chart 2.08 was price support which will be confirmed as retested from above if it holds, and there's a lot of upside to this pair. I'm ...
- KADC replied May 13, 2015
Aussie/Kiwi looks good for 1.10 for the next leg up. Adding long order at expected pullback to 1.075 for the move. AUD/NZD - daily image
- KADC replied May 13, 2015
This multichart has the European USD Index values (divide by 125 I believe) but I'm ideally looking at 11,625 as the floor with a retest of 11,740 from the bottom before continuing lower; hopefully coinciding with daily RSI finding resistance at 40. ...
- KADC replied May 8, 2015
I like this as a tentative place to go long, but the Conservative majority win in the UK yesterday (weep for Great Britain) must be sold to the masses as an indisputable victory for business concerns and austerity economics until the news cycle ...
- KADC replied Jan 21, 2015
Two central bank surprises in one day is two too many. I wonder if the FED will also pull a Swiss next week. The Euro is currently getting settled after re-re-retracing it's initial ECB QE pre-release move, but the BOC rate sent the Loonie in one ...
- KADC replied Jan 21, 2015
[Update] Well, I guess instead you can look to the 76.4% retracements (not sure how that 78.2% got in my charts but I fixed it) for pullbacks to continue Loonie weakness rather than any kind of significant reversal like I thought, or at least until ...
- KADC replied Jan 15, 2015
A coincidence that the first post I read here in a long time is about the Swiss Franc which, in addition to Russia finally dropping the petrodollar, was what I was primarily contemplating this morning. I agree with Richard Perry from Hantec Markets ...
- KADC replied Sep 12, 2014
Does anyone actively maintain a stock portfolio or is everyone here strictly FOREX traders? In case any of you are interested, Alibaba's (BABA) IPO is September 19th. Alibaba is the world's largest online retailer, based out of China and currently ...
- KADC replied Sep 10, 2014
USD Index has nearly hit the 78.6% Fibonacci of the 2013 swing down and the 27.2% extension of the Oct-Jan swing up. RSI is near the level of previous reversal. With no new fundamental factors driving USD strength unless continued stock market ...
- KADC replied Sep 10, 2014
The NZD/USD hit my target from the prior post (and a bit more) then reversed (it was a USD steamroller across the board the last few days), but I held my AUD/NZD short (still holding) and I got back all my previous losses and then some. New trade ...
- KADC replied Sep 5, 2014
Interactive Broker's operating cash is drying up (see image), investing and financing cash flow has been negative since the IPO, revenue was down 35% in 2013 from 2011, 2014 2nd quarter report shows client DAT is down 10% from January this year ...
- KADC replied Sep 4, 2014
If the Canadian employment data tomorrow is positive and can push USD/CAD below 1.08, I think I'll pile on some Canadian long trades as it's currently outperforming all the other minors. That would push weekly USD/CAD RSI below 50 (sitting there now ...