USD/HUF closed a day right at the support chanel line. Friday close bellow this line will invalidate bullish trend. I am long this pair from 239 with stop at 233.22.
Tuesday, 17 January 2012
Hungarian Forint
Given the fundamentals and technical descending channel against USD, HUF is poised for a further losses.
Update @ 18.01.2012:
USD/HUF closed a day right at the support chanel line. Friday close bellow this line will invalidate bullish trend. I am long this pair from 239 with stop at 233.22.
USD/HUF closed a day right at the support chanel line. Friday close bellow this line will invalidate bullish trend. I am long this pair from 239 with stop at 233.22.
Silver-Fibonacci Fans in bullish and bearish price move
Gold should follow @ 1675 (and vice-verse)...
Sunday, 15 January 2012
Gold during Asia session
Following-up on the amazing ZeroHedge article I've created a brief notation on XAU/USD pricing during the Asia session, just to check how it compares with that article....see it for yourself
In short - there are only 6 instances where long gold opening @ 20:00 Eastern US time and closing @ 3:00am Eastern were producing losses (and only one notable loss) - all other long positions were gains!
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