Dear Readers, The buy pressure is not yet where one could contemplate the strong move up, in fact, it is possible that we are at the begining of the weakness in the markts ( CYAN line has a long way to go up). So, relax and observe action today. Another strong day down will confirm the "begining", any other action will indicate the meandering phase of the "weakness"...The $ may have exhausted the near term strength and we could start (in a day/two) another down move in $Dollar lasting into 23/5 +- 2 days. Gold has taken dive ( we told you in April, not expect anything good until June). So, just let the bulls boil in their own juices and be patient, upwards move will come. Energy, yes, everything seems to be going down, as everything was going up... Interest rates, as before, bound for a while, could rise before causing the stronger move up in $ into Sept. But you know all of these, we just repeate them for convenience. Good Trading
8 comments:
Hi Boris,
each day it's very interesting to follow your successfully predictions. Congratulations!
My question is in relation to your (USD) scenario: Where do you predict GBP/USD will stop next move up (ends 23/5 +- 2 days)?
If you have time, could you analyse EUR/CHF and give me your predictions for next 2-3 months?
Many thanks
Dear Curaki, good to hear from you again. USD ang GBP could go respectively where they were when we first called the top in GBP... I.E. the level of 2.0xxx for GBP and 81 +- .50 for US $.
Good Trading
Dear Curaki allow me few more minutes for CHF/EURO.
Hello Boris:
Looking at AUD/USD
I assume you mean AUD will also be at a top around May 23. Any good guess on where it will bottom in the summer?
And any idea what low we could see in GOLD JUNE now until June?
thanx
Dear Curaki, EUR/CHF high has sandwiched itself between first two resistance levels 1.6466 and 1.659044 next likely level 1.679444, which not surprisingly is just a bit higher than the 1.6709 level reached in 1998. After the recent nice ABC correction, the move up could have already started. Time Frame is hard to gage at this moment. though with some elliot work one can figure out possibilities. I will try to come up with something later on.
Good Trading Dear Curaki
Dear DXB, good to hear from you again. I shell respond to you very soon. Good Trading
Dear Dxb, Sorry being late. Now the timing of AUD, I presume will be close to the timing of GBP. The
Next High projection for AUD is at 0.8434, but March reading .8391 is awful close and could just do it. If not we are looing at .8900 and I do not think this is likely. As far as the GOLD, I do not at this point have a good turning date or price, but 640-650 is possible and the June/July is still where it may come. I could be totally wrong on dates and/or price, just a caviat. Good Trading
cheers Boris
thanks
Dear DXB, anytime.
Good Trading
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