peterbokma

peterbokma

The pair has not been able to sustain the higher levels, and came down sharply. Now we are basing I feel and this may be a BUY opportunity this time around. Indicators are starting to look positive, and supports the likely hood for a move higher again. Strategy BY @ 17.6875-17.7350 and take profit near 17.9350 for now.

peterbokma

The pair is slightly overbought, and judging the indicators, we may have corrections in the near future, is my personal viewpoint. Strategy SELL @ 0.8700-0.8740 and take profit near 0.8607 for now.

peterbokma

The pair has moved lower as expected, however the decline has not been severe, and besides, other currencies show slightly oversold status, and this provide a good basis for BUY entry instead now. Strategy BUY @ 17.9000-17.9300 and take profit near 18.0875 for now.

peterbokma

The pair is slightly oversold and in fact trailing below the channel. Downward pressure is still valid for now, so we would seek to BUY somewhere lower 146.50 area. Strategy BUY @ 146.58 area and take profit near 148.37 for now.,

peterbokma

The pair has been moving lower, and recovered this morning to 18.1200 area and came down quickly there after. the picture suggest we are negative territory and it feels we may test 17.9500 again going back 17.8150 area. Strategy SELL @ 18.0500-18.0975 and taker profit near 17.8350 for now.

peterbokma Updated 

OIL has moved up sharply and we are moving beyond the regression channel. This usually will not last especially when overbought status. Stragtegy SELL @ $ 70.90-71.30 and take profit near 69.37 for now.

peterbokma Updated 

The index has moved up sharply, and as always, when over speeding, one may get a speeding ticket. :) anyway, on a serious note, we are quite overbought and above the Reg. Channel a bit. This means over time we may see a pullback, which can bring us to lower 99.00s. Strategy SELL @ 100.00-100.40 and take profit near 99.07 for now.

peterbokma Updated 

Same as the USDX of course, the pair is overbought. i felt yesterday we may see higher, but was not convinced to belong, however, we can add to our SELL, or have SELL position up here. The Reg. Channel is violated amidst this overbought status provides a good warning of potential corrective action. Strategy SELL @ 18.2000-18.2500 and take profit near 18.0350 for now.

peterbokma Updated 

The pair is overall on negative mode long-term basis. However, judging the bottom of the channel 17.3700 area or slightly below, BUY entry might look interesting for a recovery medium-term. Gold is under pressure4 again and medium-term is is overbought, considering that, the pair may find benefit moving back towards 18.1000 area again. Strategy BUY into...

peterbokma

The pair has upward pressure and I suspect we will see little higher. Perhaps we may touch near 18.0500-18.0975 area, before selling pressure may set in. Since we have established 17.8500 area, it is wise to wait for the SELL. We are approaching overbought levels. Strategy SELL @ 18.0650-18.1150 and take profit near 17.8875.

peterbokma

The pair is locked in between the large range 17.60-17.90 and we are consolidating within this range. For now I prefer to play from range side, and will buy or sell near the bottom or top of it.

peterbokma

Gold is very overbought medium-term, and the danger is we may see a large decline. Same as I pointed out today on the shorter time-frame, we are in SELL mode, even though we have been moving higher. Crypto will lead the way. Strategy SELL @ $ 3,385-3,450 and take profit near $ 2,845 for now.

peterbokma

GOLD has been positive due to crypto buoyant state of mind. These are very overbought, even though we see each day a higher price, it only means the correction will become very severe, is my person al viewpoint. Gold techs are starting to become negative, and I feel we should move lower towards $ 3,300 > 3,240 area over-time. Strategy SELL @ $ 3,385-3,425 and...

peterbokma

The pair is remaining to be within a larger trading band. We are in negative mode, but slightly becoming oversold. Based on the ranges we have seen, one could attempt to be in BUYING mode, but careful as always. gold is strong, but am still having the view to see recovery. Other assets(if we wish to use that term) like BTC and ETH are also overbought, and could...

peterbokma

As always crypto movements are severe, and one can never judge the corrective timings. Overall the view remains the same, and when carefully scaling in, is always warrented and proper risk management strategies. Strategy SELL @ $ 3,675-3,750 area and take profit @ $ 3,175 area. On previous shorts if applicable, scale down slowly.

peterbokma

ETH is more overvalued than BTC, hence selling this combo may make sense. Strategy SELL @ 0.028800 area and take profit near 0.26500.

peterbokma

The pair is extremely overbought based on #D which means over time we likely see a recovery back to somewhere 168.00 area. Strategy SELL @ 172.50-173.00 and take profit near 168.50 for now.

peterbokma

No doubt Crypto is more volatile than other asset classes, and even when very overbought it can run higher. It does not change the over all picture, and recovery is required over time. The correction is like to bring us back towards $ 2,875 area overall, but in steps . Strategy SELL @ $ 3,300-3,375 and take profit near $ 3,025 at first, and re-sell after for a...