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For last 2 and half months USD/CAD comes near 1.2400 and bounces back. Could that be different this time?! With crude oil showing the sign of squeeze, nothing can be ruled out. Besides Fed events pushes the dollar down at least for a session...

USD/CAD – Testing Support again at 1.2400 – 4/8/2015

For last 2 and half months USD/CAD comes near 1.2400 and bounces back. Could that be different this time?! With crude oil showing the sign of squeeze, nothing can be ruled out. Besides Fed events pushes the dollar down at least for a session...

Fed has never disappointed equity bulls and dollar bears in recent history, at least for a day ! So here comes FOMC minute again today at 2 PM EST and we are ready with levels to take on Gold. These days, trading anything with...

Gold Trade with Fed’s Help – 4/8/2015

Fed has never disappointed equity bulls and dollar bears in recent history, at least for a day ! So here comes FOMC minute again today at 2 PM EST and we are ready with levels to take on Gold. These days, trading anything with...

crude oil pump

When something doesn’t go down despite bad news then it’s likely to go higher. That’s what happening with WTI crude oil now. We have been bearish oil for long time and again selling against previously mentioned resistance of 52 and 54 has given us...

WTI Crude Oil Squeezing higher – 4/8/2015

When something doesn’t go down despite bad news then it’s likely to go higher. That’s what happening with WTI crude oil now. We have been bearish oil for long time and again selling against previously mentioned resistance of 52 and 54 has given us...

Let’s not be fooled by the swings of NIFTY i.e. Not to get carried away either by strength or weakness. We highlighted the reasons for that yesterday.  Those who got the clue, saved almost 50 point drop. We repeat, nothing will change until the...

NIFTY – Not To Be Fooled Trade – 4/1/2015

Let’s not be fooled by the swings of NIFTY i.e. Not to get carried away either by strength or weakness. We highlighted the reasons for that yesterday.  Those who got the clue, saved almost 50 point drop. We repeat, nothing will change until the...

Sellers will be eager to offload whenever SBI ( State Bank of India ) surfaces above 280. Best strategy will be to wait for an opportunity near the strong support level  of 240. There we can initiate the long trade either via getting long...

SBI ( State Bank of India ) Trade Idea – 4/1/2015

Sellers will be eager to offload whenever SBI ( State Bank of India ) surfaces above 280. Best strategy will be to wait for an opportunity near the strong support level  of 240. There we can initiate the long trade either via getting long...

NIFTY has bounced violently yesterday.  Whether it is end of recent downward momentum or just an usual vicious bounce happens to occur during most down-trends. Well, the answer is less clear at the moment but what we can do is, trade cautiously level by...

NIFTY Bounce – For Buying or Selling ? – 3/31/2015

NIFTY has bounced violently yesterday.  Whether it is end of recent downward momentum or just an usual vicious bounce happens to occur during most down-trends. Well, the answer is less clear at the moment but what we can do is, trade cautiously level by...

crude oil pump

Yemen conflict gave us an excellent example of fading the news.  Both Gold and Crude shot up when news broke and now back where they started. When fundamental evidence is overwhelmingly against the price action, one needs to stick with the plan. As per...

WTI Crude Oil – Stay Short – 3/31/2015

Yemen conflict gave us an excellent example of fading the news.  Both Gold and Crude shot up when news broke and now back where they started. When fundamental evidence is overwhelmingly against the price action, one needs to stick with the plan. As per...

Pound Note

EUR/GBP staged a decent bounce from extreme lows of 0.7040 but failed at first resistance near 0.7400. ( We recommended shorting any bounce towards 0.7400 in previous trade idea ). Now fortunes of both currencies are undecided at the moment, EUR/GBP offers excellent opportunity...

EUR/GBP – Resistance of 0.7400 Still Strong

EUR/GBP staged a decent bounce from extreme lows of 0.7040 but failed at first resistance near 0.7400. ( We recommended shorting any bounce towards 0.7400 in previous trade idea ). Now fortunes of both currencies are undecided at the moment, EUR/GBP offers excellent opportunity...

FOMC induced bounce was short lived and gold has again selected downward path. Sharp downfall is stabilizing near 50% Fib retracement level ( 1180 ) and likely to stage a bounce. We will be looking to sell such bounce near 1200 and 1220. The...

Gold Trade Idea For 3/31/2015

FOMC induced bounce was short lived and gold has again selected downward path. Sharp downfall is stabilizing near 50% Fib retracement level ( 1180 ) and likely to stage a bounce. We will be looking to sell such bounce near 1200 and 1220. The...

Forex

US Dollar Index is going to consolidate between support-96.50 and resistance-99.50 during next few days.  That gives us an indication of choppy trading condition ahead.  We will be looking to fade any sharp moves between these levels. Reasons are, Fed is still looking to...

US Dollar Index Outlook – 3/31/2015

US Dollar Index is going to consolidate between support-96.50 and resistance-99.50 during next few days.  That gives us an indication of choppy trading condition ahead.  We will be looking to fade any sharp moves between these levels. Reasons are, Fed is still looking to...