Gold Forms An Inside Bar Setup | Oct. 15th [View instapost]
Hello Yajoe,
I actually make a lot of trade comments and suggestions before they happen in my daily articles, but if you want to get some ideas of what to look for on a chart when a breakout is happening, please take a look at an article which shows some of the things I look for when a breakout is happening, which you can find below called '3 Keys for Identifying Breakouts'
What Currency Benefits With The Impending Doom Of The Euro? [View article]
Some decent suggestions there. Between the three, I like EURZAR and EURAUD which are some solid plays and have good interest rates.
One does have to consider people in the region may look for a more regional option to hold their currencies which is why we prefer the NOK. We also have to revisit the bugaboo - the CHF as we suspect the 1.20 rate being artificially held will only work for so long and the SNB will have to take on massive losses should things really get ugly in Europe and globally to fight the desire to move into safe-havens.
Should they fail to do this (or run out of money creating another opportunity for a Soros to arrive on the scene), then we could see a massive short of the EUR vs. CHF down the line.
Swiss National Bank Intervenes In Unprecedented Move: What Now? [View article]
Hello M-Jai,
Considering the unique environment we are in, I think we can expect greater volatility, uncertainty and major global economic shifts. As that happens, central banks will be under increasingly more pressure to deal with the issues that are threatening their country. Considering the current policy makers in both Europe and the US seem to be doing exactly the opposite needed to deal with these problems while being honest about the situation, policies will likely continue to fall short and hence put more pressure on the CB's to act and intervene in the markets.
I suspect the SNB has already been intervening in Gold and we will be hearing from them again in the near future.
Weekly Forex Price Action Chart Outlook | Oct. 28th - Nov. 2nd [View instapost]
An outside bar would technically have to have a higher high than the A bar, so this cannot be an outside bar, but only a piercing bar.
So hopefully that clarifies it.
Kind Regards,
Chris
Gold Forms An Inside Bar Setup | Oct. 15th [View instapost]
I actually make a lot of trade comments and suggestions before they happen in my daily articles, but if you want to get some ideas of what to look for on a chart when a breakout is happening, please take a look at an article which shows some of the things I look for when a breakout is happening, which you can find below called '3 Keys for Identifying Breakouts'
http://bit.ly/Qr0pUS
Hope this helps.
Kind Regards,
Chris
What Currency Benefits With The Impending Doom Of The Euro? [View article]
One does have to consider people in the region may look for a more regional option to hold their currencies which is why we prefer the NOK. We also have to revisit the bugaboo - the CHF as we suspect the 1.20 rate being artificially held will only work for so long and the SNB will have to take on massive losses should things really get ugly in Europe and globally to fight the desire to move into safe-havens.
Should they fail to do this (or run out of money creating another opportunity for a Soros to arrive on the scene), then we could see a massive short of the EUR vs. CHF down the line.
Kind Regards,
Chris Capre
Swiss National Bank Intervenes In Unprecedented Move: What Now? [View article]
Considering the unique environment we are in, I think we can expect greater volatility, uncertainty and major global economic shifts. As that happens, central banks will be under increasingly more pressure to deal with the issues that are threatening their country. Considering the current policy makers in both Europe and the US seem to be doing exactly the opposite needed to deal with these problems while being honest about the situation, policies will likely continue to fall short and hence put more pressure on the CB's to act and intervene in the markets.
I suspect the SNB has already been intervening in Gold and we will be hearing from them again in the near future.
Kind Regards,
Chris Capre